Sandisk Corporation (SNDK) FY2025 Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-12-28 to 2025-03-28

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Sandisk Corporation cash flow reconciliation, Dec 28, 2024 through Mar 28, 2025One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Goodwill impairment → operating reconciliation: $1,830,000,000.00Other assets and liabilities, net → operating reconciliation: $68,000,000.00Stock-based compensation → operating reconciliation: $44,000,000.00Accounts payable → operating reconciliation: $42,000,000.00Depreciation and amortization → operating reconciliation: $37,000,000.00Accounts payable to related parties → operating reconciliation: $26,000,000.00Inventories → operating reconciliation: $11,000,000.00Equity loss in investees, net of dividends received → operating reconciliation: $9,000,000.00Other non-cash operating activities, net → operating reconciliation: $7,000,000.00Amortization of debt issuance costs and discounts → operating reconciliation: $1,000,000.00operating reconciliation → Net cash from operating activities: $26,000,000.00operating reconciliation → Net Income (Loss): $1,933,000,000.00operating reconciliation → Accrued compensation: $44,000,000.00operating reconciliation → Accounts receivable, net: $42,000,000.00operating reconciliation → Deferred income taxes: $16,000,000.00operating reconciliation → Accrued expenses: $10,000,000.00operating reconciliation → Settlement of accrued interest on Notes due to Western Digital Corporation: $3,000,000.00operating reconciliation → Unrealized foreign exchange (gain) loss: $1,000,000.00Proceeds from debt → financing reconciliation: $1,970,000,000.00financing reconciliation → Net cash from financing activities: $276,000,000.00financing reconciliation → Transfers from (to) Western Digital Corporation: $1,656,000,000.00financing reconciliation → Debt issuance costs: $32,000,000.00financing reconciliation → Taxes paid on vested stock awards under employee stock plans: $6,000,000.00Notes receivable proceeds from Flash Ventures → investing reconciliation: $246,000,000.00Proceeds from dispositions of business → investing reconciliation: $210,000,000.00investing reconciliation → Net cash from investing activities: $404,000,000.00investing reconciliation → Purchases of property, plant and equipment: $44,000,000.00investing reconciliation → Notes receivable issuances to Flash Ventures: $8,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $804,000,000.00Net cash from operating activities → Cash sources and uses: $26,000,000.00Net cash from financing activities → Cash sources and uses: $276,000,000.00Net cash from investing activities → Cash sources and uses: $404,000,000.00Cash sources and uses → Exchange-rate effect: $3,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $1,507,000,000.00Deferred income taxes: -$16,000,000.00Deferred income taxes−$16.00 MDepreciation and amortization: $37,000,000.00Depreciation & amortization+$37.00 MGoodwill impairment: $1,830,000,000.00Goodwill impairment+$1.83 BAccounts payable to related parties: $26,000,000.00Related party payables+$26.00 MAmortization of debt issuance costs and discounts: $1,000,000.00Debt cost amortization+$1.00 MNon-cash portion of impairment of cost method investments: $0.00Stock-based compensation: $44,000,000.00Stock-based compensation+$44.00 MOther assets and liabilities, net: $68,000,000.00Other working capital, net+$68.00 MAccounts payable: $42,000,000.00Trade payables+$42.00 MNet Income (Loss): -$1,933,000,000.00Net Income (Loss)−$1.93 BAccrued expenses: -$10,000,000.00Accrued liabilities−$10.00 MInventories: $11,000,000.00Inventories+$11.00 MSettlement of accrued interest on Notes due to Western Digital Corporation: -$3,000,000.00Western Digital interest settled−$3.00 MOther non-cash operating activities, net: $7,000,000.00Other operating, net+$7.00 MAccrued compensation: -$44,000,000.00Accrued compensation−$44.00 MAccounts receivable, net: -$42,000,000.00Accounts receivable−$42.00 MUnrealized foreign exchange (gain) loss: -$1,000,000.00Unrealized FX gain & loss−$1.00 MGain on disposal of assets: $0.00Equity loss in investees, net of dividends received: $9,000,000.00Equity-method results+$9.00 MGain on business divestiture: $0.00Gain on sale of investments: $0.00Net cash from operating activities: $26,000,000.00Operating cash+$26.00 Moperating reconciliation: $2,075,000,000.00Proceeds from debt: $1,970,000,000.00Debt issued+$1.97 BTransfers from (to) Western Digital Corporation: -$1,656,000,000.00Transfers with Western Digital−$1.66 BProceeds from borrowings on Notes due to Western Digital Corporation: $0.00Debt issuance costs: -$32,000,000.00Debt issuance costs−$32.00 MRepayments of principal on Notes due to Western Digital Corporation: $0.00Taxes paid on vested stock awards under employee stock plans: -$6,000,000.00Stock-award tax withholding−$6.00 MOrigination of Notes due from Western Digital Corporation: $0.00Proceeds from principal repayments on Notes due from Western Digital Corporation: $0.00Net cash from financing activities: $276,000,000.00Financing cash+$276.00 Mfinancing reconciliation: $1,970,000,000.00Notes receivable issuances to Flash Ventures: -$8,000,000.00Notes receivable issued−$8.00 MProceeds from dispositions of business: $210,000,000.00Business sales+$210.00 MProceeds from the sale of property, plant and equipment: $0.00Distributions from Flash Ventures: $0.00Strategic investments and other, net: $0.00Purchases of property, plant and equipment: -$44,000,000.00PP&E purchases−$44.00 MNotes receivable proceeds from Flash Ventures: $246,000,000.00Notes receivable collected+$246.00 MNet cash from investing activities: $404,000,000.00Investing cash+$404.00 Minvesting reconciliation: $456,000,000.00Cash sources and uses: $1,510,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $804,000,000.00Beginning cash$804.00 MEnding cash: Cash, cash equivalents, and restricted cash: $1,507,000,000.00Ending cash$1.51 BExchange-rate effect: -$3,000,000.00FX effect−$3.00 MCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsNet loss −$1.93B + net operating adjustments $1.96B = operating cash +$26.00MFree cash flow−$18.00 MOperating cash − cash spent on PP&ECash flow / Net incomeNot meaningfulOperating cash flow ÷ net incomeNet cash change+$703.00 MEnding cash − beginning cash
Chart details

Sandisk Corporation cash flow reconciliation, Dec 28, 2024 through Mar 28, 2025

Cash flows for Dec 28, 2024 through Mar 28, 2025. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 27, 2024. Ending cash: Mar 28, 2025. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 27, 2024
804,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
26,000,000 US dollars. Net cash provided.
Net Income (Loss)
negative 1,933,000,000 US dollars
Deferred income taxes
negative 16,000,000 US dollars
Depreciation and amortization
37,000,000 US dollars
Goodwill impairment
1,830,000,000 US dollars
Accounts payable to related parties
26,000,000 US dollars
Amortization of debt issuance costs and discounts
1,000,000 US dollars
Non-cash portion of impairment of cost method investments
0 US dollars
Stock-based compensation
44,000,000 US dollars
Other assets and liabilities, net
68,000,000 US dollars
Accounts payable
42,000,000 US dollars
Accrued expenses
negative 10,000,000 US dollars
Inventories
11,000,000 US dollars
Settlement of accrued interest on Notes due to Western Digital Corporation
negative 3,000,000 US dollars
Other non-cash operating activities, net
7,000,000 US dollars
Accrued compensation
negative 44,000,000 US dollars
Accounts receivable, net
negative 42,000,000 US dollars
Unrealized foreign exchange (gain) loss
negative 1,000,000 US dollars
Gain on disposal of assets
0 US dollars
Equity loss in investees, net of dividends received
9,000,000 US dollars
Gain on business divestiture
0 US dollars
Gain on sale of investments
0 US dollars
Investing activities
404,000,000 US dollars. Net cash provided.
Notes receivable issuances to Flash Ventures
negative 8,000,000 US dollars
Proceeds from dispositions of business
210,000,000 US dollars
Proceeds from the sale of property, plant and equipment
0 US dollars
Distributions from Flash Ventures
0 US dollars
Strategic investments and other, net
0 US dollars
Purchases of property, plant and equipment
negative 44,000,000 US dollars
Notes receivable proceeds from Flash Ventures
246,000,000 US dollars
Financing activities
276,000,000 US dollars. Net cash provided.
Proceeds from debt
1,970,000,000 US dollars
Transfers from (to) Western Digital Corporation
negative 1,656,000,000 US dollars
Proceeds from borrowings on Notes due to Western Digital Corporation
0 US dollars
Debt issuance costs
negative 32,000,000 US dollars
Repayments of principal on Notes due to Western Digital Corporation
0 US dollars
Taxes paid on vested stock awards under employee stock plans
negative 6,000,000 US dollars
Origination of Notes due from Western Digital Corporation
0 US dollars
Proceeds from principal repayments on Notes due from Western Digital Corporation
0 US dollars
Operating adjustment reconciliation
2,075,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
1,970,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
456,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 3,000,000 US dollars
Ending cash on Mar 28, 2025
1,507,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
1,510,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
703,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
Not meaningful. Operating cash flow divided by reconciliation net income for the same period. The ratio is not meaningful when net income is zero or negative.
Operating cash flow
26,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
44,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
negative 18,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net loss −$1.93B + net operating adjustments $1.96B = operating cash +$26.00M. The loss reduces the earnings basis of the reconciliation; it is not a cash payment. The signed loss remains a deduction at the operating reconciliation junction.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 26,000,000 US dollars minus 44,000,000 US dollars equals negative 18,000,000 US dollars.
Sandisk Corporation (SNDK) FY2025 Q3 Statement of Cash Flows Sankey chart
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