# Sandisk Corporation (SNDK) FY2025 Q3 Statement of Cash Flows

- Company: Sandisk Corporation (SNDK)
- Period: 2024-12-28 to 2025-03-28
- Filing: Q3 FY2025 10-Q, filed 2025-05-12, accession number 0002023554-25-000027
- Page: https://plicit.ai/financials/sndk/fy2025-q3-cash-flow
- Chart image: https://plicit.ai/charts/sndk-fy2025-q3-cash-flow-sankey.png

## Chart details

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.