Seagate Technology Holdings (STX) FY2024 results: revenue $6.6 billion, down 11.3% on the year
Seagate Technology Holdings plc (STX) reported revenue of $6.6 billion for fiscal 2024, the year ended 28 June 2024, down 11.3% on the year before. Net income was $335 million, and diluted earnings per share $1.58. The figures are the company's own, from the 10-K it filed with the SEC on 2 August 2024.
Revenue
$6.6 billion
-11.3% on the year
FY2017FY2024
Operating margin
6.9%
-4.6% a year earlier
FY2017FY2024
Net income
$335 million
FY2017FY2024
Diluted EPS
$1.58
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
918
942
1,657
-2.5%
Capital expenditure
254
316
381
-19.6%
Free cash flow
664
626
1,276
+6.1%
Free cash flow margin
10.1%
8.5%
10.9%
Cash from investing
126
217
-352
-41.9%
Cash from financing
-473
-988
-1,899
Depreciation and amortisation
264
513
451
-48.5%
Share-based compensation
127
115
145
+10.4%
Buybacks
0.0
408
1,799
Dividends paid
585
582
610
+0.5%
Dividend per share
$2.80
$2.80
$2.77
0.0%
Diluted shares, weighted
212m
207m
224m
+2.4%
Shares outstanding at period end
210m
207m
210m
+1.3%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
-1,491
-1,199
109
Debt
5,729
5,518
5,715
+3.8%
Operating lease liabilities
338
333
36.0
+1.5%
Other liabilities
3,163
2,904
3,084
+8.9%
Total liabilities and equity
7,739
7,556
8,944
+2.4%
Fixed assets
1,614
1,706
2,239
-5.4%
Goodwill
1,219
1,237
1,237
-1.5%
Intangible assets
n/a
0.0
9.0
Securities held for sale or to maturity
n/a
90.0
84.0
Cash and equivalents
1,358
786
615
+72.8%
Receivables
429
621
1,532
-30.9%
Inventory
1,239
1,140
1,565
+8.7%
Other assets
1,880
1,976
1,663
-4.9%
Total assets
7,739
7,556
8,944
+2.4%
10-K for the year ended 28 June 2024, filed 2 August 2024: the filing.