WESTERN DIGITAL CORPORATION WDC Income Statement

Western digital corporation (WDC)

Income statement / TTM

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
16,083	15,582	15,581	16,569	18,052	19,391	20,494	20,647	20,372	20,008	19,560	19,093	17,746	15,919	14,348	12,994	12,690	13,418	13,989	14,572	15,032	15,185	15,269	15,130	15,207	15,268	15,120	15,351	16,377	15,648	13,819	12,478	10,127	9,344	9,824	9,526	9,505	9,894	10,038	9,850	9,397	8,348	7,552	7,453	0	0	0
Cost of revenue
12,920	12,845	12,735	12,817	12,913	12,904	13,038	12,942	12,838	12,878	12,910	13,021	12,534	11,477	10,533	9,559	9,146	9,595	9,962	10,351	10,712	10,821	10,859	10,770	10,826	10,902	10,851	10,988	11,592	10,947	9,529	8,840	7,492	7,276	7,929	7,735	7,648	7,782	7,714	7,449	7,161	6,524	6,125	6,116	0	0	0
Gross profit
3,163	2,737	2,846	3,752	5,139	6,487	7,456	7,705	7,534	7,130	6,650	6,072	5,212	4,442	3,815	3,435	3,544	3,823	4,027	4,221	4,320	4,364	4,410	4,360	4,381	4,366	4,269	4,363	4,785	4,701	4,290	3,638	2,635	2,068	1,895	1,791	1,857	2,112	2,324	2,401	2,236	1,824	1,427	1,337	0	0	0
Operating expenses:
Research and development
2,238	2,219	2,180	2,182	2,236	2,294	2,384	2,400	2,427	2,438	2,394	2,441	2,331	2,077	1,881	1,627	1,514	1,557	1,594	1,646	1,691	1,707	1,697	1,661	1,637	1,615	1,577	1,572	1,576	1,445	1,258	1,055	837	751	729	703	670	651	636	611	588	553	518	509	0	0	0
Selling, general and administrative
1,183	1,255	1,266	1,317	1,370	1,393	1,465	1,473	1,466	1,436	1,413	1,445	1,500	1,320	1,201	997	802	835	760	788	837	839	901	813	739	723	659	706	704	674	608	518	424	342	312	282	286	277	271	265	230	215	197	201	0	0	0
Charges related to arbitration award
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	720	707	694	681	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Employee termination, asset impairment, and other charges
49	117	128	166	222	181	209	215	215	219	216	232	274	375	357	345	327	197	223	176	108	123	93	95	67	105	123	138	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charges related to flooding, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquired in-process research and development
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-
Restructuring
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-
Total operating expenses
3,470	3,591	3,574	3,665	3,828	3,868	4,058	4,088	4,108	4,093	4,023	4,118	4,105	3,772	3,439	2,969	2,628	2,574	2,563	2,610	2,612	2,658	2,692	2,569	3,163	3,150	3,053	3,097	2,490	2,281	2,186	1,867	1,500	1,317	1,066	1,010	956	928	907	876	795	763	823	818	0	0	0
Operating income (loss)
-307	-854	-728	87	1,311	2,619	3,398	3,617	3,426	3,037	2,627	1,954	1,107	670	376	466	916	1,249	1,464	1,611	1,708	1,706	1,718	1,791	1,218	1,216	1,216	1,266	2,295	2,420	2,104	1,771	1,135	751	829	781	901	1,184	1,417	1,525	1,441	1,061	604	519	0	0	0
Interest and other income (expense):
Interest income
40	47	54	57	57	60	59	60	55	46	37	26	27	26	26	26	19	16	15	14	16	17	16	15	13	12	12	11	11	11	11	12	12	11	10	9	7	6	5	4	5	5	6	9	0	0	0
Interest expense
443	462	475	469	466	508	587	676	763	808	816	847	872	681	489	266	52	50	49	49	49	54	56	56	56	53	52	55	53	46	38	26	20	14	12	10	23	20	14	9	-12	-14	-22	-27	0	0	0
Other income (expense), net
5	41	42	38	14	-906	-912	-916	-947	-72	-98	-364	-393	-370	-345	-73	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total interest and other expense, net
-398	-374	-379	-374	-395	-1,354	-1,440	-1,532	-1,655	-834	-877	-1,185	-1,238	-1,025	-808	-313	-31	-32	-33	-34	-31	-35	-38	-39	-43	-41	-40	-44	-42	-35	-27	-14	-6	-3	0	-	0	0	-	-5	-7	-9	-16	-18	0	0	0
Income (loss) before taxes
-705	-1,228	-1,107	-287	916	1,265	1,958	2,085	1,771	2,203	1,750	769	-131	-355	-432	153	885	1,217	1,431	1,577	1,677	1,671	1,680	1,752	1,175	1,175	1,176	1,222	2,253	2,385	2,077	1,757	1,127	748	827	780	901	1,182	1,414	1,520	1,434	1,052	588	501	0	0	0
Income tax expense
-110	-35	434	467	717	424	1,453	1,410	1,572	1,817	306	372	118	68	-25	-89	57	79	106	112	115	118	135	135	140	124	220	242	263	303	185	145	102	60	59	54	68	95	123	138	122	90	41	31	0	0	0
Net income (loss)
-595	-1,193	-1,541	-754	199	841	505	675	199	386	1,444	397	-249	-423	-407	242	828	1,138	1,325	1,465	1,562	1,553	1,545	1,617	1,035	1,051	956	980	1,990	2,082	1,892	1,612	1,025	688	768	726	833	1,087	1,291	1,382	1,312	962	547	470	0	0	0
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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-