Western Digital (WDC) FY2024 results: revenue $6.3 billion, up 1.0% on the year
Western Digital Corp. (WDC) reported revenue of $6.3 billion for fiscal 2024, the year ended 28 June 2024, up 1.0% on the year before. Net income was -$798 million, and diluted earnings per share $-2.61. The figures are the company's own, from the 10-K it filed with the SEC on 20 August 2024.
Revenue
$6.3 billion
+1.0% on the year
FY2017FY2024
Operating margin
-6.4%
-8.8% a year earlier
FY2017FY2024
Net income
-$798 million
FY2017FY2024
Diluted EPS
-$2.61
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
-294
-408
1,880
Capital expenditure
487
821
1,122
-40.7%
Free cash flow
-781
-1,229
758
Free cash flow margin
-12.4%
-19.6%
4.0%
Cash from investing
-27.0
-762
-1,192
Cash from financing
187
875
-1,718
-78.6%
Depreciation and amortisation
568
828
929
-31.4%
Share-based compensation
295
318
326
-7.2%
Buybacks
0.0
0.0
n/a
Dividends paid
0.0
0.0
0.0
Dividend per share
n/a
n/a
$0.00
Diluted shares, weighted
326m
318m
316m
+2.5%
Shares outstanding at period end
343m
322m
315m
+6.5%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
10,818
10,964
12,323
-1.3%
Redeemable equity
229
876
0.0
-73.9%
Debt
7,434
7,070
7,022
+5.1%
Operating lease liabilities
133
244
277
-45.5%
Other liabilities
5,574
5,392
6,637
+3.4%
Total liabilities and equity
24,188
24,546
26,259
-1.5%
Fixed assets
2,359
3,620
3,670
-34.8%
Goodwill
4,319
10,037
10,041
-57.0%
Intangible assets
78.0
80.0
213
-2.5%
Cash and equivalents
1,551
2,023
2,327
-23.3%
Receivables
1,231
1,598
2,804
-23.0%
Inventory
1,387
3,698
3,638
-62.5%
Other assets
13,263
3,490
3,566
+280.0%
Total assets
24,188
24,546
26,259
-1.5%
10-K for the year ended 28 June 2024, filed 20 August 2024: the filing.