WESTERN DIGITAL CORPORATION WDC Cash Flow

Western digital corporation (WDC)

CashFlow / Quarterly

Apr'20	Jan'20	Oct'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jul'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Dec'08	Sep'08
Cash flows from operating activities
Net income (loss)
17,000	-139,000	-276,000	-197,000	-581,000	-487,000	511,000	756,000	61,000	-823,000	681,000	280,000	248,000	235,000	-366,000	-366,000	74,000	251,000	283,000	220,000	384,000	438,000	423,000	317,000	375,000	430,000	495,000	-265,000	391,000	335,000	519,000	745,000	483,000	145,000	239,000	158,000	146,000	225,000	197,000	264,000	401,000	429,000	288,000	196,000	49,000	14,000	211,000
Adjustments to reconcile net loss to net cash provided by operations:
Depreciation and amortization
384,000	399,000	406,000	416,000	444,000	472,000	480,000	489,000	499,000	535,000	533,000	546,000	560,000	514,000	508,000	420,000	246,000	252,000	236,000	250,000	285,000	290,000	289,000	308,000	307,000	317,000	312,000	302,000	309,000	309,000	313,000	339,000	188,000	140,000	158,000	150,000	151,000	151,000	150,000	134,000	129,000	126,000	121,000	121,000	119,000	122,000	117,000
Stock-based compensation
78,000	77,000	77,000	64,000	84,000	79,000	79,000	78,000	103,000	99,000	97,000	91,000	102,000	102,000	99,000	70,000	42,000	37,000	42,000	45,000	37,000	41,000	39,000	31,000	41,000	42,000	42,000	30,000	36,000	32,000	39,000	31,000	20,000	24,000	17,000	15,000	17,000	18,000	19,000	17,000	16,000	14,000	13,000	14,000	12,000	11,000	10,000
Deferred income taxes
-11,000	-15,000	-27,000	121,000	-28,000	80,000	201,000	-12,000	-207,000	-165,000	36,000	-49,000	-56,000	-30,000	147,000	-132,000	-32,000	22,000	-7,000	19,000	-22,000	21,000	10,000	53,000	-27,000	-29,000	-10,000	-24,000	-9,000	80,000	-12,000	-8,000	24,000	9,000	9,000	-	-	-	-	-	-	-	-	-	-	-	-
Gain from insurance recovery
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-65,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss (gain) on disposal of assets
-3,000	14,000	-2,000	-35,000	-3,000	1,000	-2,000	-5,000	-4,000	-11,000	-1,000	-6,000	-2,000	-6,000	-4,000	-9,000	-7,000	-6,000	0	-3,000	-2,000	-8,000	-4,000	-73,000	4,000	29,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt discounts
10,000	10,000	10,000	10,000	9,000	10,000	9,000	13,000	185,000	13,000	10,000	10,000	17,000	11,000	247,000	36,000	1,000	1,000	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on convertible debt and related instruments
-	-	-	-	-	-	-	-	-	-	-	-1,000	1,000	0	5,000	58,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash portion of employee termination, asset impairment and other charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,000	18,000	0	18,000	74,000	-7,000	18,000	1,000	36,000	17,000	2,000	7,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-20,000	1,000	6,000	3,000
Other non-cash operating activities, net
12,000	1,000	-21,000	-27,000	-18,000	17,000	20,000	-4,000	-31,000	5,000	11,000	36,000	16,000	41,000	1,000	11,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in:
Accounts receivable, net
187,000	344,000	243,000	-18,000	-493,000	-504,000	22,000	186,000	-41,000	-49,000	148,000	-2,000	-51,000	-22,000	562,000	-188,000	-396,000	34,000	84,000	-164,000	-185,000	-35,000	-74,000	187,000	-157,000	170,000	-25,000	81,000	-32,000	-220,000	-413,000	-40,000	337,000	-609,000	150,000	36,000	-79,000	-75,000	68,000	-1,000	-108,000	234,000	205,000	-282,000	106,000	156,000	-72,000
Inventories
-24,000	-160,000	5,000	-157,000	13,000	308,000	175,000	274,000	389,000	-21,000	-44,000	87,000	169,000	-24,000	-28,000	-168,000	-11,000	-22,000	-105,000	47,000	40,000	10,000	46,000	-51,000	-15,000	45,000	21,000	-9,000	-6,000	-101,000	94,000	-71,000	94,000	-179,000	68,000	3,000	6,000	7,000	1,000	17,000	54,000	58,000	19,000	-167,000	69,000	31,000	-21,000
Accounts payable
-39,000	15,000	155,000	-39,000	-293,000	-179,000	-77,000	26,000	235,000	-130,000	-146,000	-96,000	139,000	81,000	99,000	2,000	-243,000	13,000	-71,000	-156,000	-86,000	45,000	49,000	81,000	-199,000	64,000	22,000	-77,000	-82,000	-285,000	-67,000	-95,000	902,000	-832,000	157,000	107,000	-86,000	-5,000	162,000	-150,000	-8,000	170,000	258,000	66,000	-36,000	-139,000	76,000
Accounts payable to related parties
33,000	-143,000	176,000	19,000	2,000	24,000	27,000	-23,000	32,000	24,000	20,000	13,000	19,000	-15,000	21,000	-115,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued arbitration award
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-772,000	14,000	13,000	13,000	13,000	13,000	681,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued expenses
4,000	227,000	100,000	-415,000	119,000	220,000	34,000	72,000	-184,000	-69,000	164,000	71,000	101,000	-69,000	128,000	-35,000	102,000	17,000	18,000	-48,000	13,000	54,000	16,000	-37,000	17,000	16,000	-52,000	-2,000	65,000	-113,000	-72,000	-283,000	-25,000	15,000	-17,000	27,000	-13,000	39,000	-52,000	48,000	-38,000	80,000	-23,000	16,000	-4,000	4,000	7,000
Accrued compensation
-104,000	116,000	75,000	-57,000	56,000	-154,000	20,000	-28,000	-15,000	55,000	-38,000	25,000	-104,000	34,000	160,000	-26,000	-53,000	-21,000	6,000	-71,000	-54,000	13,000	-22,000	51,000	-47,000	68,000	-65,000	74,000	-13,000	57,000	-41,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets and liabilities, net
82,000	93,000	176,000	-64,000	73,000	-192,000	404,000	49,000	43,000	-1,557,000	132,000	-92,000	-71,000	-91,000	79,000	-62,000	84,000	-32,000	2,000	-35,000	13,000	-99,000	24,000	17,000	-21,000	11,000	23,000	-34,000	9,000	-21,000	62,000	-46,000	-37,000	20,000	-7,000	57,000	-22,000	-8,000	17,000	-37,000	-31,000	-35,000	-1,000	-44,000	24,000	22,000	-30,000
Net cash provided by operating activities
142,000	257,000	253,000	169,000	204,000	469,000	705,000	863,000	1,027,000	1,182,000	1,133,000	939,000	998,000	1,060,000	440,000	355,000	485,000	598,000	545,000	488,000	684,000	243,000	827,000	712,000	698,000	726,000	680,000	684,000	727,000	772,000	936,000	1,129,000	1,208,000	378,000	352,000	447,000	313,000	505,000	390,000	363,000	588,000	557,000	434,000	349,000	355,000	300,000	301,000
Cash flows from investing activities
Purchases of property, plant and equipment
127,000	160,000	145,000	154,000	222,000	223,000	277,000	192,000	227,000	256,000	160,000	125,000	123,000	146,000	184,000	151,000	133,000	149,000	151,000	156,000	150,000	146,000	160,000	161,000	161,000	170,000	136,000	136,000	188,000	246,000	382,000	324,000	140,000	119,000	134,000	153,000	175,000	250,000	200,000	185,000	177,000	199,000	176,000	-	-	-	-
Proceeds from the sale of property, plant and equipment
-	-	-	-	-	-	-	2,000	14,000	5,000	5,000	0	20,000	0	1,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisitions, net of cash acquired
0	0	22,000	0	0	0	0	1,000	0	6,000	93,000	0	0	0	0	-	-	-	-	-	-	-	-	0	0	560,000	263,000	0	-26,000	18,000	9,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of investments
0	0	0	10,000	36,000	22,000	11,000	23,000	9,000	19,000	38,000	7,000	35,000	155,000	84,000	170,000	54,000	172,000	236,000	170,000	92,000	475,000	120,000	91,000	470,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of investments
0	0	0	126,000	36,000	7,000	6,000	9,000	10,000	15,000	14,000	19,000	20,000	16,000	39,000	600,000	338,000	228,000	38,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from maturities of investments
0	0	0	0	0	4,000	3,000	3,000	0	14,000	2,000	-13,000	151,000	225,000	54,000	102,000	303,000	-86,000	86,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments in Flash Ventures
-	-	-	-	-	-	-	-	-	-	-	0	0	0	20,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales and maturities of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35,000	464,000	166,000	72,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Notes receivable issuances to Flash Ventures
129,000	53,000	171,000	506,000	350,000	393,000	115,000	298,000	394,000	392,000	229,000	69,000	171,000	182,000	127,000	106,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Notes receivable proceeds from Flash Ventures
290,000	333,000	357,000	196,000	258,000	168,000	144,000	263,000	196,000	14,000	98,000	16,000	17,000	139,000	120,000	16,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Strategic investments and other, net
2,000	-6,000	-15,000	-2,000	3,000	10,000	9,000	12,000	-11,000	4,000	-23,000	11,000	9,000	11,000	1,000	53,000	11,000	2,000	10,000	1,000	10,000	-28,000	12,000	0	0	35,000	-39,000	-17,000	2,000	15,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	106,000	140,000	162,000
Sales and maturities of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,000	0	0	-1,000
Net cash provided by (used in) investing activities
32,000	126,000	34,000	-230,000	-317,000	-466,000	-259,000	-249,000	-399,000	-629,000	-378,000	-190,000	-130,000	-114,000	-202,000	-9,597,000	443,000	-181,000	-273,000	-241,000	-458,000	-128,000	-126,000	-180,000	-631,000	-765,000	-360,000	-136,000	-164,000	-279,000	-391,000	-233,000	-3,681,000	-119,000	-134,000	-168,000	-175,000	-250,000	-200,000	-438,000	-176,000	-196,000	-176,000	-100,000	-150,000	-140,000	-161,000
Cash flows from financing activities
Issuance of stock under employee stock plans
7,000	46,000	26,000	52,000	5,000	53,000	8,000	74,000	47,000	79,000	20,000	112,000	33,000	66,000	24,000	53,000	10,000	39,000	15,000	66,000	34,000	73,000	39,000	62,000	28,000	75,000	22,000	62,000	37,000	51,000	35,000	33,000	18,000	21,000	2,000	23,000	11,000	22,000	2,000	25,000	7,000	32,000	15,000	15,000	1,000	11,000	1,000
Taxes paid on vested stock awards under employee stock plans
15,000	2,000	52,000	6,000	40,000	3,000	66,000	7,000	97,000	6,000	61,000	13,000	71,000	14,000	26,000	5,000	1,000	1,000	43,000	3,000	2,000	2,000	57,000	5,000	3,000	2,000	22,000	15,000	2,000	1,000	7,000	1,000	9,000	0	5,000	0	4,000	0	4,000	33,000	-9,000	-6,000	-1,000	0	-2,000	-1,000	-2,000
Excess tax benefits from employee stock plans
-	-	-	-	-	-	-	-	-	-	-	29,000	34,000	28,000	28,000	9,000	4,000	-25,000	19,000	-8,000	16,000	-9,000	20,000	19,000	16,000	18,000	7,000	6,000	4,000	3,000	32,000	60,000	20,000	1,000	1,000	-	0	0	11,000	-16,000	0	11,000	9,000	-29,000	1,000	-4,000	8,000
Proceeds from acquired call option
-	-	-	-	-	-	-	-	-	-	-	0	0	0	61,000	409,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchases of common stock
0	0	0	0	0	0	563,000	436,000	155,000	0	0	-	-	-	-	0	0	0	60,000	198,000	240,000	309,000	223,000	272,000	244,000	150,000	150,000	235,000	243,000	146,000	218,000	-	-	-	-	0	0	0	50,000	-	-	-	-	0	0	0	36,000
Dividends paid to shareholders
149,000	149,000	147,000	146,000	146,000	144,000	148,000	150,000	148,000	148,000	147,000	146,000	144,000	142,000	142,000	117,000	116,000	116,000	115,000	116,000	93,000	93,000	94,000	70,000	71,000	59,000	59,000	60,000	0	121,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Debt, Net of Issuance Costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,492,000	0	500,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from (Repayments of) Short-term Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of debt
212,000	388,000	319,000	68,000	38,000	37,000	38,000	2,493,000	10,467,000	4,052,000	62,000	-482,000	3,925,000	12,000	8,242,000	1,949,000	301,000	32,000	31,000	31,000	31,000	32,000	31,000	31,000	2,371,000	57,000	58,000	57,000	115,000	0	58,000	558,000	287,000	32,000	31,000	31,000	25,000	25,000	25,000	25,000	19,000	19,000	19,000	20,000	2,000	3,000	2,000
Settlement of debt hedge contracts
-	-	-	-	-	-	-	0	0	-2,000	-26,000	21,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from debt
-	-	-	-	-	-	-	-	-	-	-	0	3,916,000	0	3,992,000	17,108,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	0	3,000	0	7,000	524,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-369,000	-493,000	-492,000	-172,000	-219,000	-631,000	-807,000	-563,000	-1,946,000	-1,167,000	-224,000	-49,000	-160,000	-74,000	-4,312,000	11,505,000	-404,000	-135,000	-215,000	-35,000	-316,000	-372,000	-346,000	-297,000	-153,000	-175,000	240,000	-299,000	-319,000	-214,000	-216,000	-1,070,000	1,932,000	-10,000	-33,000	-19,000	-18,000	-3,000	-66,000	-17,000	-21,000	18,000	4,000	-34,000	-2,000	3,000	-31,000
Effect of exchange rate changes on cash
1,000	-1,000	-2,000	6,000	1,000	-5,000	2,000	-9,000	9,000	0	1,000	2,000	4,000	-9,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in cash and cash equivalents
-194,000	-111,000	-207,000	-227,000	-331,000	-633,000	-359,000	42,000	-1,309,000	-614,000	532,000	702,000	712,000	863,000	-4,074,000	2,264,000	524,000	282,000	57,000	212,000	-90,000	-257,000	355,000	235,000	-86,000	-214,000	560,000	249,000	244,000	279,000	329,000	-169,000	-547,000	249,000	185,000	260,000	120,000	252,000	124,000	-92,000	391,000	379,000	262,000	215,000	203,000	163,000	109,000
Supplemental disclosure of cash flow information:
Cash paid for income taxes
122,000	114,000	67,000	54,000	59,000	73,000	191,000	43,000	37,000	67,000	73,000	67,000	74,000	25,000	18,000	-12,000	17,000	13,000	8,000	8,000	84,000	-55,000	10,000	3,000	16,000	59,000	63,000	24,000	27,000	58,000	37,000	6,000	2,000	6,000	2,000	0	4,000	4,000	2,000	-	-	-	-	1,000	3,000	5,000	2,000
Cash paid for interest
121,000	63,000	143,000	76,000	139,000	77,000	139,000	75,000	325,000	237,000	71,000	323,000	155,000	206,000	93,000	80,000	11,000	11,000	11,000	12,000	10,000	11,000	12,000	11,000	11,000	13,000	11,000	33,000	-5,000	8,000	13,000	15,000	6,000	0	1,000	2,000	1,000	2,000	1,000	2,000	4,000	0	2,000	2,000	8,000	-1,000	5,000
Supplemental disclosure of non-cash investing and financing activities:
Accrual of cash dividend declared
-	-	-	-	-	-	-	-	-	-	-	-	1,000	1,000	143,000	-	0	0	116,000	0	23,000	-1,000	94,000	23,000	0	12,000	59,000	-1,000	60,000	-61,000	61,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-