WESTERN DIGITAL CORPORATION (WDC) FY2025 Annual Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-06-29 to 2025-06-27

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WESTERN DIGITAL CORPORATION cash flow reconciliation, Jun 29, 2024 through Jun 27, 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.Net income (loss) → Net cash from operating activities: $1,691,000,000.00Net income (loss) → Operating adjustments reconciliation: $198,000,000.00Loss on retained interest in Sandisk → Operating adjustments reconciliation: $772,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $451,000,000.00Income taxes payable → Operating adjustments reconciliation: $348,000,000.00Accounts payable → Operating adjustments reconciliation: $307,000,000.00Stock-based compensation → Operating adjustments reconciliation: $265,000,000.00Loss on extinguishment of debt → Operating adjustments reconciliation: $100,000,000.00Other non-cash operating activities, net → Operating adjustments reconciliation: $80,000,000.00Accounts receivable, net → Operating adjustments reconciliation: $79,000,000.00Amortization of debt issuance costs and discounts → Operating adjustments reconciliation: $23,000,000.00Non-cash asset impairment → Operating adjustments reconciliation: $2,000,000.00Operating adjustments reconciliation → Other assets and liabilities, net: $905,000,000.00Operating adjustments reconciliation → Deferred income taxes: $745,000,000.00Operating adjustments reconciliation → Inventories: $409,000,000.00Operating adjustments reconciliation → Accrued expenses: $366,000,000.00Operating adjustments reconciliation → Gain on business divestiture: $113,000,000.00Operating adjustments reconciliation → Accrued compensation: $46,000,000.00Operating adjustments reconciliation → Accounts payable to related parties: $39,000,000.00Operating adjustments reconciliation → Gain on disposal of assets: $2,000,000.00Proceeds from business divestiture → investing reconciliation: $401,000,000.00Notes receivable proceeds from Flash Ventures → investing reconciliation: $239,000,000.00Distribution from Flash Ventures → investing reconciliation: $175,000,000.00Strategic investments and other, net → investing reconciliation: $8,000,000.00Proceeds from the sale of property, plant and equipment → investing reconciliation: $5,000,000.00investing reconciliation → Net cash from investing activities: $150,000,000.00investing reconciliation → Purchases of property, plant and equipment: $412,000,000.00investing reconciliation → Notes receivable issuances to Flash Ventures: $266,000,000.00Net cash used in financing activities → financing reconciliation: $1,612,000,000.00Proceeds from debt issuance → financing reconciliation: $2,150,000,000.00Issuance of stock under employee stock plans → financing reconciliation: $77,000,000.00financing reconciliation → Repayment of debt: $2,094,000,000.00financing reconciliation → Cash transferred to Sandisk related to Separation: $1,366,000,000.00financing reconciliation → Repurchases of common stock: $149,000,000.00financing reconciliation → Taxes paid on vested stock awards under employee stock plans: $113,000,000.00financing reconciliation → Debt issuance costs: $73,000,000.00financing reconciliation → Dividends paid to shareholders: $44,000,000.00Exchange-rate effect → Cash sources and uses: $6,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $1,879,000,000.00Net cash from operating activities → Cash sources and uses: $1,691,000,000.00Net cash from investing activities → Cash sources and uses: $150,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $2,114,000,000.00Cash sources and uses → Net cash used in financing activities: $1,612,000,000.00Stock-based compensation: $265,000,000.00Stock-based compensation+$265.00 MAmortization of debt issuance costs and discounts: $23,000,000.00Debt cost amortization+$23.00 MAccounts receivable, net: $79,000,000.00Accounts receivable+$79.00 MDepreciation and amortization: $451,000,000.00Depreciation & amortization+$451.00 MOther assets and liabilities, net: -$905,000,000.00Other working capital, net−$905.00 MAccounts payable: $307,000,000.00Trade payables+$307.00 MGain on disposal of assets: -$2,000,000.00PP&E disposal gain & loss−$2.00 MAccrued expenses: -$366,000,000.00Accrued liabilities−$366.00 MDeferred income taxes: -$745,000,000.00Deferred taxes & credits−$745.00 MNet income (loss): $1,889,000,000.00Net income (loss)+$1.89 BInventories: -$409,000,000.00Inventories−$409.00 MOther non-cash operating activities, net: $80,000,000.00Other operating, net+$80.00 MAccounts payable to related parties: -$39,000,000.00Related party payables−$39.00 MGain on business divestiture: -$113,000,000.00Business sale gain & loss−$113.00 MAccrued compensation: -$46,000,000.00Accrued compensation−$46.00 MIncome taxes payable: $348,000,000.00Income taxes payable+$348.00 MNon-cash asset impairment: $2,000,000.00Non-cash asset impairment+$2.00 MLoss on retained interest in Sandisk: $772,000,000.00Unrealized equity gain & loss+$772.00 MLoss on extinguishment of debt: $100,000,000.00Debt extinguishment gain & loss+$100.00 MNet cash from operating activities: $1,691,000,000.00Operating cash+$1.69 BOperating adjustments reconciliation: $2,625,000,000.00Proceeds from debt issuance: $2,150,000,000.00Long-term debt issued+$2.15 BRepayment of debt: -$2,094,000,000.00Debt repaid−$2.09 BIssuance of stock under employee stock plans: $77,000,000.00Employee stock plan proceeds+$77.00 MDebt issuance costs: -$73,000,000.00Debt issuance costs−$73.00 MTaxes paid on vested stock awards under employee stock plans: -$113,000,000.00Stock-award tax withholding−$113.00 MProceeds from convertible preferred stock, net of issuance costs: $0.00Purchase of capped calls: $0.00Repurchases of debt: $0.00Cash transferred to Sandisk related to Separation: -$1,366,000,000.00Sandisk separation transfer−$1.37 BRepurchases of common stock: -$149,000,000.00Common stock repurchases−$149.00 MDividends paid to shareholders: -$44,000,000.00Dividends paid−$44.00 MNet cash used in financing activities: -$1,612,000,000.00. Cash required to fund net payments.Financing cash−$1.61 Bfinancing reconciliation: $3,839,000,000.00Strategic investments and other, net: $8,000,000.00Other investing, net+$8.00 MNotes receivable proceeds from Flash Ventures: $239,000,000.00Flash Ventures note proceeds+$239.00 MProceeds from business divestiture: $401,000,000.00Business sales+$401.00 MNotes receivable issuances to Flash Ventures: -$266,000,000.00Flash Ventures notes issued−$266.00 MProceeds from the sale of property, plant and equipment: $5,000,000.00Equipment sales+$5.00 MPurchases of property, plant and equipment: -$412,000,000.00PP&E purchases−$412.00 MDistribution from Flash Ventures: $175,000,000.00Distribution from Flash Ventures+$175.00 MNet cash from investing activities: $150,000,000.00Investing cash+$150.00 Minvesting reconciliation: $828,000,000.00Cash sources and uses: $3,726,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $1,879,000,000.00Beginning cash$1.88 BEnding cash: Cash, cash equivalents, and restricted cash: $2,114,000,000.00Ending cash$2.11 BExchange-rate effect: $6,000,000.00FX effect+$6.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$1.28 BOperating cash − cash spent on PP&ECash flow / Net income0.895×Operating cash flow ÷ net incomeNet cash change+$235.00 MEnding cash − beginning cash
Chart details

WESTERN DIGITAL CORPORATION cash flow reconciliation, Jun 29, 2024 through Jun 27, 2025

Cash flows for Jun 29, 2024 through Jun 27, 2025. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jun 28, 2024. Ending cash: Jun 27, 2025. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Jun 28, 2024
1,879,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
1,691,000,000 US dollars. Net cash provided.
Net income (loss)
1,889,000,000 US dollars
Stock-based compensation
265,000,000 US dollars
Amortization of debt issuance costs and discounts
23,000,000 US dollars
Accounts receivable, net
79,000,000 US dollars
Depreciation and amortization
451,000,000 US dollars
Other assets and liabilities, net
negative 905,000,000 US dollars
Accounts payable
307,000,000 US dollars
Gain on disposal of assets
negative 2,000,000 US dollars
Accrued expenses
negative 366,000,000 US dollars
Deferred income taxes
negative 745,000,000 US dollars
Inventories
negative 409,000,000 US dollars
Other non-cash operating activities, net
80,000,000 US dollars
Accounts payable to related parties
negative 39,000,000 US dollars
Gain on business divestiture
negative 113,000,000 US dollars
Accrued compensation
negative 46,000,000 US dollars
Income taxes payable
348,000,000 US dollars
Non-cash asset impairment
2,000,000 US dollars
Loss on retained interest in Sandisk
772,000,000 US dollars
Loss on extinguishment of debt
100,000,000 US dollars
Investing activities
150,000,000 US dollars. Net cash provided.
Strategic investments and other, net
8,000,000 US dollars
Notes receivable proceeds from Flash Ventures
239,000,000 US dollars
Proceeds from business divestiture
401,000,000 US dollars
Notes receivable issuances to Flash Ventures
negative 266,000,000 US dollars
Proceeds from the sale of property, plant and equipment
5,000,000 US dollars
Purchases of property, plant and equipment
negative 412,000,000 US dollars
Distribution from Flash Ventures
175,000,000 US dollars
Financing activities
negative 1,612,000,000 US dollars. Net cash used.
Proceeds from debt issuance
2,150,000,000 US dollars
Repayment of debt
negative 2,094,000,000 US dollars
Issuance of stock under employee stock plans
77,000,000 US dollars
Debt issuance costs
negative 73,000,000 US dollars
Taxes paid on vested stock awards under employee stock plans
negative 113,000,000 US dollars
Proceeds from convertible preferred stock, net of issuance costs
0 US dollars
Purchase of capped calls
0 US dollars
Repurchases of debt
0 US dollars
Cash transferred to Sandisk related to Separation
negative 1,366,000,000 US dollars
Repurchases of common stock
negative 149,000,000 US dollars
Dividends paid to shareholders
negative 44,000,000 US dollars
Operating adjustment reconciliation
2,625,000,000 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
3,839,000,000 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
828,000,000 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
6,000,000 US dollars
Ending cash on Jun 27, 2025
2,114,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
3,726,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
235,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
0.895×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
1,691,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
412,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
1,279,000,000 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 income exceeds operating cash. The diagram allocates $1.69B of net income directly to operating cash and $198.00M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of cash receipts.
  • 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: 1,691,000,000 US dollars minus 412,000,000 US dollars equals 1,279,000,000 US dollars.
WESTERN DIGITAL CORPORATION (WDC) FY2025 Annual Statement of Cash Flows Sankey chart
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