Crucial 2015 Annual Report Download - page 45

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43
MICRON TECHNOLOGY, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions except per share amounts)
For the year ended September 3,
2015 August 28,
2014 August 29,
2013
Net sales $ 16,192 $ 16,358 $ 9,073
Cost of goods sold 10,977 10,921 7,226
Gross margin 5,215 5,437 1,847
Selling, general and administrative 719 707 562
Research and development 1,540 1,371 931
Restructure and asset impairments 3 40 126
Other operating (income) expense, net (45) 232 (8)
Operating income 2,998 3,087 236
Interest income 35 23 14
Interest expense (371)(352)(231)
Gain on MMJ Acquisition — (33) 1,484
Other non-operating income (expense), net (53) 8 (218)
2,609 2,733 1,285
Income tax (provision) benefit (157)(128)(8)
Equity in net income (loss) of equity method investees 447 474 (83)
Net income 2,899 3,079 1,194
Net income attributable to noncontrolling interests — (34)(4)
Net income attributable to Micron $ 2,899 $ 3,045 $ 1,190
Earnings per share:
Basic $ 2.71 $ 2.87 $ 1.16
Diluted 2.47 2.54 1.13
Number of shares used in per share calculations:
Basic 1,070 1,060 1,022
Diluted 1,170 1,198 1,057
See accompanying notes to consolidated financial statements.