Crucial 2015 Annual Report Download - page 103

Download and view the complete annual report

Please find page 103 of the 2015 Crucial annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 113

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113

101
SCHEDULE I
CONDENSED FINANCIAL INFORMATION OF THE REGISTRANT
MICRON TECHNOLOGY, INC.
(Parent Company Only)
CONDENSED STATEMENTS OF CASH FLOWS
(in millions)
For the year ended September 3,
2015 August 28,
2014 August 29,
2013
Net cash (used for) provided by operating activities $ 996 $ 888 $ (347)
Cash flows from investing activities
Purchases of available-for-sale securities (1,799)(1,047)(924)
Expenditures for property, plant, and equipment (609)(392)(350)
Cash contributions to subsidiaries (151)(121)(23)
Payments to settle hedging activities (135)(27)(256)
Cash paid for acquisitions (57) — (596)
Expenditures for intangible assets (42)(43)(34)
Proceeds from sales and maturities of available-for-sale securities 1,581 557 678
Proceeds from settlement of hedging activities 78 23 38
Proceeds from repayment of loans to subsidiaries, net 65 379 851
Cash distributions from subsidiaries 33 227 38
Proceeds from sales of property, plant, and equipment 19 45 38
Proceeds from receipt of loan payments 10 56 —
Cash received from disposition of interest in Aptina 1 105 —
Other 5 7 (36)
Net cash provided by (used for) investing activities (1,001)(231)(576)
Cash flows from financing activities
Repayments of debt (1,645)(2,469)(777)
Cash paid to acquire treasury stock (884)(76)(5)
Payments of licensing obligations (82)(47)(31)
Proceeds from issuance of debt 2,050 1,750 693
Proceeds from issuance of stock under equity plans 73 265 150
Proceeds from equipment sale-leaseback transactions — — 126
Other (35)(32)(43)
Net cash provided by (used for) financing activities (523)(609) 113
Effect of changes in currency exchange rates on cash and cash
equivalents —(1) —
Net increase (decrease) in cash and equivalents (528) 47 (810)
Cash and equivalents at beginning of period 1,249 1,202 2,012
Cash and equivalents at end of period $ 721 $ 1,249 $ 1,202
See accompanying notes to condensed financial statements.