WESTERN DIGITAL CORPORATION WDC Income Statement

Western digital corporation (WDC)

Income statement / 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
Revenue, net
4,175	4,234	4,040	3,634	3,674	4,233	5,028	5,117	5,013	5,336	5,181	4,842	4,649	4,888	4,714	3,495	2,822	3,317	3,360	3,191	3,550	3,888	3,943	3,651	3,703	3,972	3,804	3,728	3,764	3,824	4,035	4,754	3,035	1,995	2,694	2,403	2,252	2,475	2,396	2,382	2,641	2,619	2,208	1,929	1,592	1,823	2,109
Cost of revenue
3,170	3,299	3,282	3,169	3,095	3,189	3,364	3,265	3,086	3,323	3,268	3,161	3,126	3,355	3,379	2,674	2,069	2,411	2,405	2,261	2,518	2,778	2,794	2,622	2,627	2,816	2,705	2,678	2,703	2,765	2,842	3,282	2,058	1,347	2,153	1,934	1,842	2,000	1,959	1,847	1,976	1,932	1,694	1,559	1,339	1,533	1,685
Gross profit
1,005	935	758	465	579	1,044	1,664	1,852	1,927	2,013	1,913	1,681	1,523	1,533	1,335	821	753	906	955	930	1,032	1,110	1,149	1,029	1,076	1,156	1,099	1,050	1,061	1,059	1,193	1,472	977	648	541	469	410	475	437	535	665	687	514	370	253	290	424
Operating expenses:
Research and development
563	578	574	523	544	539	576	577	602	629	592	604	613	585	639	494	359	389	385	381	402	426	437	426	418	416	401	402	396	378	396	406	265	191	193	188	179	169	167	155	160	154	142	132	125	119	133
Selling, general and administrative
281	298	305	299	353	309	356	352	376	381	364	345	346	358	396	400	166	239	192	205	199	164	220	254	201	226	132	180	185	162	179	178	155	96	89	84	73	66	59	88	64	60	53	53	49	42	57
Charges related to arbitration award
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1	14	-	13	13	13	681	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Employee termination, asset impairment, and other charges
8	9	8	24	76	20	46	80	35	48	52	80	39	45	68	122	140	27	56	104	10	53	9	36	25	23	11	8	63	41	26	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charges related to flooding, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15	199	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquired in-process research and development
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14	-	-
Restructuring
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	113	-
Total operating expenses
852	885	887	846	973	868	978	1,009	1,013	1,058	1,008	1,029	998	988	1,103	1,016	665	655	633	675	611	644	680	677	657	678	557	1,271	644	581	601	664	435	486	282	297	252	235	226	243	224	214	195	162	192	274	190
Operating income (loss)
153	50	-129	-381	-394	176	686	843	914	955	905	652	525	545	232	-195	88	251	322	255	421	466	469	352	419	478	542	-221	417	478	592	808	542	162	259	172	158	240	211	292	441	473	319	208	61	16	234
Interest and other income (expense):
Interest income
6	8	12	14	13	15	15	14	16	14	16	9	7	5	5	10	6	5	5	3	3	4	4	5	4	3	3	3	3	3	2	3	3	3	3	3	2	2	2	1	1	1	1	2	1	2	4
Interest expense
99	105	122	117	118	118	116	114	160	197	205	201	205	205	236	226	14	13	13	12	12	12	13	12	17	14	13	12	14	13	16	10	7	5	4	4	1	3	2	17	-2	-3	-3	-4	-4	-11	-8
Other income (expense), net
-14	7	2	10	22	8	-2	-14	-898	2	-6	-45	-23	-24	-272	-74	0	1	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total interest and other expense, net
-107	-90	-108	-93	-83	-95	-103	-114	-1,042	-181	-195	-237	-221	-224	-503	-290	-8	-7	-8	-8	-9	-8	-9	-5	-13	-11	-10	-9	-11	-10	-14	-7	-4	-2	-1	-	1	-1	-	0	-1	-2	-2	-2	-3	-9	-4
Income (loss) before taxes
46	-40	-237	-474	-477	81	583	729	-128	774	710	415	304	321	-271	-485	80	244	314	247	412	458	460	347	406	467	532	-230	406	468	578	801	538	160	258	171	159	239	211	292	440	471	317	206	58	7	230
Income tax expense
29	99	39	-277	104	568	72	-27	-189	1,597	29	135	56	86	95	-119	6	-7	31	27	28	20	37	30	31	37	37	35	15	133	59	56	55	15	19	13	13	14	14	27	40	42	29	11	8	-7	19
Net income (loss)
17	-139	-276	-197	-581	-487	511	756	61	-823	681	280	248	235	-366	-366	74	251	283	220	384	438	423	317	375	430	495	-265	391	335	519	745	483	145	239	158	146	225	197	265	400	429	288	195	50	14	211
Income (loss) per common share
Basic (in dollars per share)
0.06	-0.47	-0.93	-0.66	-1.99	-1.68	1.75	2.54	0.20	-2.78	2.31	0.98	0.86	0.82	-1.28	-1.62	0.32	1.08	1.23	0.96	1.66	1.88	1.81	1.36	1.60	1.82	2.10	-1.06	1.64	1.38	2.11	3.04	2.00	0.62	1.03	0.67	0.63	0.98	0.86	1.14	1.75	1.89	1.28	0.89	0.22	0.06	0.95
Diluted (in dollars per share)
0.06	-0.47	-0.93	-0.62	-1.99	-1.68	1.71	2.55	0.20	-2.78	2.23	0.99	0.83	0.80	-1.28	-1.60	0.32	1.07	1.21	0.95	1.63	1.84	1.76	1.31	1.55	1.77	2.05	-1.04	1.60	1.36	2.06	3.00	1.96	0.61	1.01	0.67	0.62	0.96	0.84	1.12	1.71	1.85	1.25	0.87	0.22	0.06	0.93
Weighted average shares outstanding:
Basic (in shares)
299	298	296	294	292	290	292	299	298	296	295	292	289	286	285	260	233	232	231	230	231	233	234	233	235	236	236	237	239	242	246	256	241	234	233	232	232	230	230	231	229	227	225	221	223	222	222
Diluted (in shares)
303	298	296	288	292	290	298	318	308	296	306	306	299	294	285	266	234	234	234	234	236	238	240	241	242	243	242	241	245	246	252	260	246	237	237	235	236	235	234	236	234	232	230	228	226	224	226
Cash dividends declared per share (in USD per share)
0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.00	0.50	0.40	0.40	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-