Seagate Technology Holdings plc (STX) FY2024 Annual P&L / Income Statement

Seagate Technology Holdings plc (STX) FY2024 Annual P&L / Income Statement

Income statement for 2023-07-01 through 2024-06-28. View: Contract with Customer, Sales Channel. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Revenue

6,551,000,000 US dollars

Cost of revenue

5,015,000,000 US dollars

Gross profit (calculated)

1,536,000,000 US dollars

Operating expenses (calculated)

1,084,000,000 US dollars

Income (loss) from operations

452,000,000 US dollars

Other expense, net

negative 7,000,000 US dollars

Income (loss) before income taxes

445,000,000 US dollars

Provision for income taxes

110,000,000 US dollars

Net income (loss)

335,000,000 US dollars

OEMs

4,896,000,000 US dollars

Distributors

972,000,000 US dollars

Retailers

683,000,000 US dollars

Amortization of intangibles

0 US dollars

BIS settlement penalty

0 US dollars

Marketing and administrative

460,000,000 US dollars

Product development

654,000,000 US dollars

Restructuring and other, net

negative 30,000,000 US dollars

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.