Western Digital (WDC) FY2022 results: revenue $18.8 billion, up 11.1% on the year
Western Digital Corp. (WDC) reported revenue of $18.8 billion for fiscal 2022, the year ended 1 July 2022, up 11.1% on the year before. Net income was $1.5 billion, up 88.3%, and diluted earnings per share $4.89. The figures are the company's own, from the 10-K it filed with the SEC on 25 August 2022.
Revenue
$18.8 billion
+11.1% on the year
FY2015FY2022
Operating margin
12.7%
7.2% a year earlier
FY2015FY2022
Net income
$1.5 billion
+88.3% on the year
FY2015FY2022
Diluted EPS
$4.89
+83.8% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
1,880
1,898
824
-0.9%
Capital expenditure
1,122
1,146
647
-2.1%
Free cash flow
758
752
177
+0.8%
Free cash flow margin
4.0%
4.4%
1.1%
Cash from investing
-1,192
-765
278
Cash from financing
-1,718
-817
-1,508
Depreciation and amortisation
929
1,212
1,566
-23.3%
Share-based compensation
326
318
308
+2.5%
Buybacks
n/a
0.0
0.0
Dividends paid
0.0
0.0
595
Dividend per share
$0.00
$0.00
$1.50
Diluted shares, weighted
316m
309m
298m
+2.3%
Shares outstanding at period end
315m
308m
302m
+2.3%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
12,323
10,800
9,551
+14.1%
Redeemable equity
0.0
0.0
0.0
Debt
7,022
8,725
9,575
-19.5%
Operating lease liabilities
277
204
209
+35.8%
Other liabilities
6,637
6,403
6,327
+3.7%
Total liabilities and equity
26,259
26,132
25,662
+0.5%
Fixed assets
3,670
3,188
2,854
+15.1%
Goodwill
10,041
10,066
10,067
-0.2%
Intangible assets
213
442
941
-51.8%
Cash and equivalents
2,327
3,370
3,048
-30.9%
Receivables
2,804
2,257
2,379
+24.2%
Inventory
3,638
3,616
3,070
+0.6%
Other assets
3,566
3,193
3,303
+11.7%
Total assets
26,259
26,132
25,662
+0.5%
10-K for the year ended 1 July 2022, filed 25 August 2022: the filing.