Crucial 2015 Annual Report Download - page 28

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26
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS
The following discussion contains trend information and other forward-looking statements that involve a number of risks
and uncertainties. Forward-looking statements include, but are not limited to, statements such as those made in "Liquidity and
Capital Resources" regarding our pursuit of additional financing and debt restructuring, regarding capital spending in 2016,
regarding the expansion of our clean room space in Singapore, regarding the sufficiency of our cash and investments, cash
flows from operations, and available financing to meet our requirements for at least the next 12 months, and regarding the
timing of payments for certain contractual obligations; and in "Recently Issued Accounting Standards" regarding the impact of
adopting these new standards. Our actual results could differ materially from our historical results and those discussed in the
forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, those
identified in "Part I, Item 1A. Risk Factors." This discussion should be read in conjunction with the consolidated financial
statements and accompanying notes for the year ended September 3, 2015. All period references are to our fiscal periods
unless otherwise indicated. Our fiscal year is the 52 or 53-week period ending on the Thursday closest to August 31. Our
fiscal 2015 contains 53 weeks and our fiscal 2014 and fiscal 2013 each contained 52 weeks. All production data includes the
production of IMFT and Inotera. All tabular dollar amounts are in millions except per share amounts.
Our Management's Discussion and Analysis ("MD&A") is provided in addition to the accompanying consolidated financial
statements and notes to assist readers in understanding our results of operations, financial condition, and cash flows. MD&A is
organized as follows:
• Overview: Overview of our operations and business.
• Results of Operations: An analysis of our financial results consisting of the following:
Consolidated results;
Operating results by business segment;
Operating results by product; and
Operating expenses and other.
• Liquidity and Capital Resources: An analysis of changes in our balance sheet and cash flows and discussion of our
financial condition and potential sources of liquidity.
• Off-Balance Sheet Arrangements: Description of off-balance sheet arrangements.
• Critical Accounting Estimates: Accounting estimates that we believe are most important to understanding the
assumptions and judgments incorporated in our reported financial results and forecasts.
• Recently Adopted and Issued Accounting Standards
Overview
For an overview of our business, see "Part I – Item 1. – Business – Overview."