Seagate Technology Holdings (STX) FY2023 results: revenue $7.4 billion, down 36.7% on the year
Seagate Technology Holdings plc (STX) reported revenue of $7.4 billion for fiscal 2023, the year ended 30 June 2023, down 36.7% on the year before. Net income was -$529 million, and diluted earnings per share $-2.56. The figures are the company's own, from the 10-K it filed with the SEC on 4 August 2023.
Revenue
$7.4 billion
-36.7% on the year
FY2016FY2023
Operating margin
-4.6%
16.8% a year earlier
FY2016FY2023
Net income
-$529 million
FY2016FY2023
Diluted EPS
-$2.56
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
942
1,657
1,626
-43.2%
Capital expenditure
316
381
498
-17.1%
Free cash flow
626
1,276
1,128
-50.9%
Free cash flow margin
8.5%
10.9%
10.6%
Cash from investing
217
-352
-466
Cash from financing
-988
-1,899
-1,673
Depreciation and amortisation
513
451
397
+13.7%
Share-based compensation
115
145
112
-20.7%
Buybacks
408
1,799
2,047
-77.3%
Dividends paid
582
610
649
-4.6%
Dividend per share
$2.80
$2.77
$2.66
+1.1%
Diluted shares, weighted
207m
224m
245m
-7.6%
Shares outstanding at period end
207m
210m
227m
-1.2%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
-1,199
109
631
Debt
5,518
5,715
5,216
-3.4%
Operating lease liabilities
333
36.0
39.0
+825.0%
Other liabilities
2,904
3,084
2,789
-5.8%
Total liabilities and equity
7,556
8,944
8,675
-15.5%
Fixed assets
1,706
2,239
2,181
-23.8%
Goodwill
1,237
1,237
1,237
0.0%
Intangible assets
0.0
9.0
29.0
Securities held for sale or to maturity
90.0
84.0
571
+7.1%
Cash and equivalents
786
615
1,209
+27.8%
Receivables
621
1,532
1,158
-59.5%
Inventory
1,140
1,565
1,204
-27.2%
Other assets
1,976
1,663
1,086
+18.8%
Total assets
7,556
8,944
8,675
-15.5%
10-K for the year ended 30 June 2023, filed 4 August 2023: the filing.