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Western Digital Corp reports $798 million annual loss for 2024

Western Digital Corp reports $798 million annual loss for 2024

Company generates $13 billion in revenue

By USinMinutes
Published - Aug 20, 2024, 06:11 AM ET
Last Updated - Aug 21, 2024, 01:30 AM EDT

Western Digital Corp [WDC] has reported $798 million in loss for 2024, an increase of $908 million from the previous year, according to a filing at the SEC.

The San Jose, California-based company operating in the Manufacturing field recorded revenue of $13 billion , an increase of 5.560967689559994, or $685 million, from the previous year.

Dollars in millions
Jun 28, 2024    Mar 29, 2024    Dec 29, 2023    Sep 29, 2023   

Income Statement

Revenue $13,003.0  $3,457.0  $3,032.0  $2,750.0 
Operating Profit -$317.0  $273.0  -$210.0  -$596.0 
Net Income -$798.0  $135.0  -$287.0  -$685.0 
Net Cash -$144.0  -$129.0  $458.0  $9.0 
Gross Margin $2,945.0  $1,001.0  $492.0  $99.0 
Operating Margin -$0.0  $0.0  -$0.0  -$0.0 
Profit as % of Revenues-369.05 28.96 16.23 3.60 
Profit as % of Assets-4.29 0.56 -1.17 -2.83 
Profit as % of Stockholder Equity-7.38 1.33 -2.85 -6.77 
Return on Equity-7.38 0.42 -2.85 -6.77 
Return on Assets-3.30 0.18 -1.18 -2.85 
Turnover Ratio69.93 0.14 0.12 0.11 

Balance Sheet

Total Assets $24,188.0  $23,801.0  $24,385.0  $24,001.0 
Total Liabilities $13,141.0  $12,804.0  $13,441.0  $13,012.0 

Cash Flow Statement

Operating Cash Flow -$294.0  -$660.0  -$718.0  -$626.0 
Investing Cash Flow -$27.0  $31.0  $24.0  $84.0 
Financing Cash Flow $187.0  $506.0  $1,151.0  $554.0 
Read the full filing
 
Disclaimer:USinMinutes is an offering of 10kInfo, Inc., bringing you news on the latest regulatory filings. Although care is taken to ensure accuracy, the article does not intend to replace user diligence in decisions of financial or legal implications.
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