WESTERN DIGITAL CORPORATION (WDC) 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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WESTERN DIGITAL 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.Net income (loss) from continuing operations → Net cash from operating activities: $508,000,000.00Net income (loss) from continuing operations → Operating adjustments reconciliation: $12,000,000.00Unrealized loss on retained interest in Sandisk → Operating adjustments reconciliation: $606,000,000.00Accounts receivable, net → Operating adjustments reconciliation: $527,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $110,000,000.00Accounts payable → Operating adjustments reconciliation: $99,000,000.00Other assets and liabilities, net → Operating adjustments reconciliation: $69,000,000.00Stock-based compensation → Operating adjustments reconciliation: $59,000,000.00Other non-cash operating activities, net → Operating adjustments reconciliation: $18,000,000.00Accounts payable to related parties → Operating adjustments reconciliation: $15,000,000.00Amortization of debt issuance costs and discounts → Operating adjustments reconciliation: $11,000,000.00Gain on disposal of assets → Operating adjustments reconciliation: $2,000,000.00Operating adjustments reconciliation → Deferred income taxes: $708,000,000.00Operating adjustments reconciliation → Accrued expenses: $425,000,000.00Operating adjustments reconciliation → Inventories: $317,000,000.00Operating adjustments reconciliation → Accrued compensation: $55,000,000.00Operating adjustments reconciliation → Income taxes payable: $23,000,000.00Proceeds from debt → financing reconciliation: $2,000,000,000.00Issuance of stock under employee stock plans → financing reconciliation: $17,000,000.00financing reconciliation → Net cash from financing activities: $533,000,000.00financing reconciliation → Cash transferred to Sandisk related to Separation: $1,366,000,000.00financing reconciliation → Debt issuance costs: $74,000,000.00financing reconciliation → Repayments of debt: $32,000,000.00financing reconciliation → Taxes paid on vested stock awards under employee stock plans: $12,000,000.00Net proceeds from business divestiture → investing reconciliation: $210,000,000.00Notes receivable proceeds from Flash Ventures → investing reconciliation: $57,000,000.00Strategic investments and other, net → investing reconciliation: $4,000,000.00Proceeds from the sale of property, plant and equipment → investing reconciliation: $1,000,000.00investing reconciliation → Net cash from investing activities: $142,000,000.00investing reconciliation → Purchases of property, plant and equipment: $129,000,000.00investing reconciliation → Distribution from Flash Ventures: $1,000,000.00Exchange-rate effect → Cash sources and uses: $3,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $2,291,000,000.00Net cash from operating activities → Cash sources and uses: $508,000,000.00Net cash from financing activities → Cash sources and uses: $533,000,000.00Net cash from investing activities → Cash sources and uses: $142,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $3,477,000,000.00Stock-based compensation: $59,000,000.00Stock-based compensation+$59.00 MIncome taxes payable: -$23,000,000.00Income taxes payable−$23.00 MAccrued expenses: -$425,000,000.00Accrued liabilities−$425.00 MDeferred income taxes: -$708,000,000.00Deferred income taxes−$708.00 MOther assets and liabilities, net: $69,000,000.00Other working capital, net+$69.00 MGain on disposal of assets: $2,000,000.00PP&E disposal gain & loss+$2.00 MInventories: -$317,000,000.00Inventories−$317.00 MAmortization of debt issuance costs and discounts: $11,000,000.00Debt cost amortization+$11.00 MAccrued compensation: -$55,000,000.00Accrued compensation−$55.00 MNet income (loss) from continuing operations: $520,000,000.00Net income (loss) from continuing operations+$520.00 MOther non-cash operating activities, net: $18,000,000.00Other operating, net+$18.00 MAccounts payable: $99,000,000.00Trade payables+$99.00 MAccounts payable to related parties: $15,000,000.00Related party payables+$15.00 MAccounts receivable, net: $527,000,000.00Accounts receivable+$527.00 MDepreciation and amortization: $110,000,000.00Depreciation & amortization+$110.00 MAsset impairment: $0.00Gain on repurchase of debt: $0.00Gain on business divestiture: $0.00Unrealized loss on retained interest in Sandisk: $606,000,000.00Unrealized loss on retained interest in Sandisk+$606.00 MNet cash from operating activities: $508,000,000.00Operating cash+$508.00 MOperating adjustments reconciliation: $1,528,000,000.00Repayments of debt: -$32,000,000.00Debt repaid−$32.00 MProceeds from debt: $2,000,000,000.00Credit line borrowings+$2.00 BTaxes paid on vested stock awards under employee stock plans: -$12,000,000.00Stock-award tax withholding−$12.00 MConvertible preferred stock issuance costs: $0.00Issuance of stock under employee stock plans: $17,000,000.00Employee stock plan proceeds+$17.00 MPurchase of capped calls: $0.00Repurchases of debt: $0.00Debt issuance costs: -$74,000,000.00Debt issuance costs−$74.00 MCash transferred to Sandisk related to Separation: -$1,366,000,000.00Sandisk separation transfer−$1.37 BNet cash from financing activities: $533,000,000.00Financing cash+$533.00 Mfinancing reconciliation: $2,017,000,000.00Notes receivable issuances to Flash Ventures: $0.00Purchases of property, plant and equipment: -$129,000,000.00PP&E purchases−$129.00 MStrategic investments and other, net: $4,000,000.00Other investing, net+$4.00 MProceeds from the sale of property, plant and equipment: $1,000,000.00Equipment sales+$1.00 MNotes receivable proceeds from Flash Ventures: $57,000,000.00Flash Ventures note proceeds+$57.00 MNet proceeds from business divestiture: $210,000,000.00Business sales+$210.00 MDistribution from Flash Ventures: -$1,000,000.00Distribution from Flash Ventures−$1.00 MNet cash from investing activities: $142,000,000.00Investing cash+$142.00 Minvesting reconciliation: $272,000,000.00Cash sources and uses: $3,477,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $2,291,000,000.00Beginning cash$2.29 BEnding cash: Cash, cash equivalents, and restricted cash: $3,477,000,000.00Ending cash$3.48 BExchange-rate effect: $3,000,000.00FX effect+$3.00 MCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsFree cash flow$379.00 MOperating cash − cash spent on PP&ECash flow / Net income0.98×Operating cash flow ÷ net incomeNet cash change+$1.19 BEnding cash − beginning cash
Chart details

WESTERN DIGITAL 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
2,291,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
508,000,000 US dollars. Net cash provided.
Net income (loss) from continuing operations
520,000,000 US dollars
Stock-based compensation
59,000,000 US dollars
Income taxes payable
negative 23,000,000 US dollars
Accrued expenses
negative 425,000,000 US dollars
Deferred income taxes
negative 708,000,000 US dollars
Other assets and liabilities, net
69,000,000 US dollars
Gain on disposal of assets
2,000,000 US dollars
Inventories
negative 317,000,000 US dollars
Amortization of debt issuance costs and discounts
11,000,000 US dollars
Accrued compensation
negative 55,000,000 US dollars
Other non-cash operating activities, net
18,000,000 US dollars
Accounts payable
99,000,000 US dollars
Accounts payable to related parties
15,000,000 US dollars
Accounts receivable, net
527,000,000 US dollars
Depreciation and amortization
110,000,000 US dollars
Asset impairment
0 US dollars
Gain on repurchase of debt
0 US dollars
Gain on business divestiture
0 US dollars
Unrealized loss on retained interest in Sandisk
606,000,000 US dollars
Investing activities
142,000,000 US dollars. Net cash provided.
Notes receivable issuances to Flash Ventures
0 US dollars
Purchases of property, plant and equipment
negative 129,000,000 US dollars
Strategic investments and other, net
4,000,000 US dollars
Proceeds from the sale of property, plant and equipment
1,000,000 US dollars
Notes receivable proceeds from Flash Ventures
57,000,000 US dollars
Net proceeds from business divestiture
210,000,000 US dollars
Distribution from Flash Ventures
negative 1,000,000 US dollars
Financing activities
533,000,000 US dollars. Net cash provided.
Repayments of debt
negative 32,000,000 US dollars
Proceeds from debt
2,000,000,000 US dollars
Taxes paid on vested stock awards under employee stock plans
negative 12,000,000 US dollars
Convertible preferred stock issuance costs
0 US dollars
Issuance of stock under employee stock plans
17,000,000 US dollars
Purchase of capped calls
0 US dollars
Repurchases of debt
0 US dollars
Debt issuance costs
negative 74,000,000 US dollars
Cash transferred to Sandisk related to Separation
negative 1,366,000,000 US dollars
Operating adjustment reconciliation
1,528,000,000 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
2,017,000,000 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
272,000,000 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
3,000,000 US dollars
Ending cash on Mar 28, 2025
3,477,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
3,477,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
1,186,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
0.98×. 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
508,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
129,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
379,000,000 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 $508.00M of net income directly to operating cash and $12.00M 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: 508,000,000 US dollars minus 129,000,000 US dollars equals 379,000,000 US dollars.
WESTERN DIGITAL CORPORATION (WDC) FY2025 Q3 Statement of Cash Flows Sankey chart
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