Micron Investor Day 2022
ā
ā Non-GAAP Reconciliations
Amount in millions
Gross Debt
Q1-17
Q2-17
Q3-17
Q4-17
Q3-21
Q4-21
Q1-22
Q2-22
$11,134
$7,076
GAAP net income
Interest (income) expense, net
$180
$894
$1,647
$2,368
$1,735
$2,720
$2,306
$2,263
132
153
143
132
38
38
35
43
Provision (benefit) for income taxes
31
38
92
(47)
65
230
219
255
Depreciation and amortization of property, plant, and
equipment and intangibles
771
1,003
1,021
1,066
1,557
1,621
1,671
1,742
Non-GAAP adjustments
Stock compensation
46
46
55
Restructure
(Gain) loss on debt repurchases & conversions
Other
Adjusted EBITDA by Quarter
55
57
57
98
93
116
119
29
4
12
(27)
453
22
38
5
61
37
1
83
33
$1,222
$2,187
40
61
26
7
(3)
(65)
75
$3,094
$3,612
$3,954
$4,721
$4,403
$4,502
Adjusted EBITDA Trailing Twelve Months
Leverage ratio (Gross Debt
/ Adjusted EBITDA)
$10,115
1.1
$17,580
0.4
94
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