WESTERN DIGITAL CORP

WDC 10-K · FY 2025

WDC FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Revenue 9,520 6,317 +50.7%
Show Product Lines breakouts
Client Devices [Member] 556 577 -3.6%
Cloud 8,341 5,052 +65.1%
Consumer 623 688 -9.4%
Show Business Segments breakouts
HDD 9,520 6,317 +50.7%
Show Geography breakouts
CN 1,549 488 +217.4%
EMEA 1,536 1,067 +44.0%
HK 1,051 1,331 -21.0%
Other 264 222 +18.9%
Rest of Asia 792 573 +38.2%
US 4,328 2,636 +64.2%
Cost of Revenue 5,828 4,544 +28.3%
Gross Profit 3,692 1,773 +108.2%
Research And Development Expense Excluding Acquired In Process Cost 994 950 +4.6%
Selling, General & Administrative 568 726 -21.8%
Gain Loss Related To Litigation Settlement -198 291 -168.0%
Business Realignment Charges -6 209 -102.9%
Show Business Segments breakouts
HDD -6 209 -102.9%
Operating Expenses 1,358 2,176 -37.6%
Operating Income 2,334 -403 +679.2%
Interest Income 45 33 +36.4%
Interest Expense -357 -414 +13.8%
Equity Securities Fv Ni Unrealized Gain Loss -772
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HDD -772
Gains Losses On Extinguishment Of Debt -100
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HDD -100
Other Non-Operating Income (Expense) -20 45 -144.4%
Non-Operating Income (Expense) -1,204 -336 -258.3%
Income Before Taxes 1,130 -739 +252.9%
Income Tax Expense (Benefit) -513 26 -2073.1%
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HDD -513 26 -2073.1%
Income Loss From Continuing Operations 1,643 -765 +314.8%
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HDD 1,643 -765 +314.8%
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity 246 -33 +845.5%
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Discontinued Operations Disposed Of By Means Other Than Sale Spinoff · Sandisk Semiconductor Co. Ltd. 246 -33 +845.5%
Net Income 1,889 -798 +336.7%
Show Equity Components breakouts
Retained Earnings 1,889 -798 +336.7%
Income Loss From Continuing Operations Per Basic Share 4.61 -2.51 +283.7%
Income Loss From Discontinued Operations Net Of Tax Per Basic Share 0.7 -0.1 +800.0%
EPS (Basic) 5.31 -2.61 +303.4%
Income Loss From Continuing Operations Per Diluted Share 4.45 -2.51 +277.3%
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share 0.67 -0.1 +770.0%
EPS (Diluted) 5.12 -2.61 +296.2%
Comprehensive Income 2,075 -962 +315.7%
Other Comprehensive Income 186 -164 +213.4%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment Net Unamortized Gain Loss 2 16 -87.5%
Accumulated Gain Loss Net Cash Flow Hedge Parent 139 -64 +317.2%
Accumulated Translation Adjustment 45 -116 +138.8%
Wtd Avg Shares (Basic) 347 326 +6.4%
Wtd Avg Shares (Diluted) 359 326 +10.1%
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax 139 -64 +317.2%
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Accumulated Other Comprehensive Income 139 -64 +317.2%
Net Income Loss Available To Common Stockholders Basic 1,840 -852 +316.0%
Preferred Stock Dividends Income Statement Impact 17 54 -68.5%
Other Expenses (FY)
Show Business Segments breakouts
HDD 2 14 -85.7%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash & Cash Equivalents 2,114 1,551 +36.3%
Accounts Receivable 1,486 1,231 +20.7%
Inventory 1,291 1,387 -6.9%
Equity Securities Fv Ni 354
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level1 · Equity Securities 354
Show Fair Value By Asset Class breakouts
Equity Securities 354
Other Assets Current 611 360 +69.7%
Total Current Assets 5,856 8,060 -27.3%
Non-Current Assets
Property, Plant & Equipment 2,343 2,359 -0.7%
Goodwill 4,319 4,319 0.0%
Other Non-Current Assets 1,484 837 +77.3%
Total Assets 14,002 24,188 -42.1%
Operating Lease Right-of-Use Assets 123 143 -14.0%
Current Liabilities
Accounts Payable 1,266 1,054 +20.1%
Accrued Liabilities 719 1,053 -31.7%
Accrued Income Taxes Current 800 471 +69.9%
Employee Related Liabilities Current 407 435 -6.4%
Current Portion of Long-Term Debt 2,226 1,750 +27.2%
Total Current Liabilities 5,418 6,087 -11.0%
Non-Current Liabilities
Long-Term Debt 2,485 5,684 -56.3%
Other Non-Current Liabilities 559 1,002 -44.2%
Total Liabilities 8,462 13,141 -35.6%
Long-Term Debt 4,711 7,434 -36.6%
Operating Lease Liabilities 110 133 -17.3%
Other Liabilities
Temporary Equity Carrying Amount Attributable To Parent 229 229 0.0%
Stockholders' Equity
Common Stock 3 3 0.0%
Additional Paid-In Capital 4,621 4,752 -2.8%
Accumulated Other Comprehensive Income 20 -712 +102.8%
Retained Earnings 762 6,775 -88.8%
Treasury Stock Common Value -95
Total Stockholders' Equity 5,311 10,818 -50.9%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment Net Unamortized Gain Loss 16 14 +14.3%
Accumulated Gain Loss Net Cash Flow Hedge Parent 6 -221 +102.7%
Accumulated Other Comprehensive Income 20 -712 +102.8%
Accumulated Translation Adjustment -2 -505 +99.6%
Additional Paid In Capital 4,621 4,752 -2.8%
Common Stock 3 3 0.0%
Retained Earnings 762 6,775 -88.8%
Treasury Stock Common -95
Total Liabilities & Equity 14,002 24,188 -42.1%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Depreciation And Amortization 451 568 -20.6%
Stock-Based Compensation 265 295 -10.2%
Show Business Segments breakouts
HDD 167 202 -17.3%
Show Disposal Group Classification breakouts
Discontinued Operations Disposed Of By Means Other Than Sale Spinoff · Sandisk Semiconductor Co. Ltd. 98 92 +6.5%
Deferred Income Taxes And Tax Credits -745 -161 -362.7%
Gain Loss On Sale Of Property Plant Equipment -2 -87 +97.7%
Non Cash Portion Of Asset Impairment 2 158 -98.7%
Gain Loss On Sale Of Business -113
Amortization Of Financing Costs And Discounts 23 19 +21.1%
Other Operating Activities Cash Flow Statement 80 19 +321.1%
Change in Accounts Receivable 79 -568 +113.9%
Change in Inventory -409 356 -214.9%
Increase Decrease In Accounts Payable Trade 307 244 +25.8%
Increase Decrease In Accounts Payable Related Parties -39 21 -285.7%
Increase Decrease In Accrued Liabilities -366 197 -285.8%
Increase Decrease In Accrued Income Taxes Payable 348 -474 +173.4%
Increase Decrease In Employee Related Liabilities -46 259 -117.8%
Increase Decrease In Other Operating Capital Net -905 -342 -164.6%
Net Cash from Operations 1,691 -294 +675.2%
Deferred Income Taxes -815 -91 -795.6%
Investing Activities
Capital Expenditures -412 -487 +15.4%
Show Disposal Group Classification breakouts
Discontinued Operations Disposed Of By Means Other Than Sale Spinoff · Sandisk Semiconductor Co. Ltd. -139 -166 +16.3%
Proceeds From Sale Of Machinery And Equipment 5 195 -97.4%
Proceeds From Divestiture Of Businesses 401
Payments For Long Term Loans For Related Parties -266 -243 -9.5%
Proceeds From Long Term Loans For Related Parties 239 482 -50.4%
Distribution Received From Related Party 175
Other Investing Activities 8 26 -69.2%
Net Cash from Investing 150 -27 +655.6%
Financing Activities
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans 77 80 -3.8%
Taxes Paid On Vested Stock Awards Under Employee Stock Plans -113 -88 -28.4%
Share Repurchases -149
Payments Of Dividends -44
Debt Repayments -2,094 -2,104 +0.5%
Proceeds From Issuance Of Long Term Debt 2,150 3,000 -28.3%
Debt Issuance Costs -73 -36 -102.8%
Payments To Related Party For Spinoff Transaction Net -1,366
Net Cash from Financing -1,612 187 -962.0%
Supplemental
Income Taxes Paid 789 920 -14.2%
Interest Paid 367 396 -7.3%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 6 -10 +160.0%
Net Change in Cash 235 -144 +263.2%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 2,114 1,879 +12.5%

Values in millions USD. Source: SEC EDGAR 10-K filing.

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