WESTERN DIGITAL CORPORATION (WDC) FY2026 Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-01-03 to 2026-04-03

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WESTERN DIGITAL CORPORATION cash flow reconciliation, Jan 3, 2026 through Apr 3, 2026One 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 → Net cash from operating activities: $1,123,000,000.00Net income → Operating adjustments reconciliation: $2,082,000,000.00Costs in connection with debt-for-equity exchange → Operating adjustments reconciliation: $545,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $96,000,000.00Accounts payable → Operating adjustments reconciliation: $70,000,000.00Stock-based compensation → Operating adjustments reconciliation: $53,000,000.00Deferred income taxes → Operating adjustments reconciliation: $47,000,000.00Other assets and liabilities, net → Operating adjustments reconciliation: $46,000,000.00Accrued compensation → Operating adjustments reconciliation: $43,000,000.00Other non-cash operating activities, net → Operating adjustments reconciliation: $4,000,000.00Operating adjustments reconciliation → (Gain) loss on retained interest in Sandisk: $2,734,000,000.00Operating adjustments reconciliation → Accounts receivable, net: $209,000,000.00Operating adjustments reconciliation → Income taxes payable: $21,000,000.00Operating adjustments reconciliation → Accrued expenses: $13,000,000.00Operating adjustments reconciliation → Inventories: $9,000,000.00Net cash used in investing activities → investing reconciliation: $145,000,000.00investing reconciliation → Purchases of property, plant and equipment: $145,000,000.00Net cash used in financing activities → financing reconciliation: $902,000,000.00Proceeds from debt → financing reconciliation: $1,496,000,000.00financing reconciliation → Repayments of debt: $1,501,000,000.00financing reconciliation → Repurchases of common stock: $752,000,000.00financing reconciliation → Taxes paid on vested stock awards under employee stock plans: $102,000,000.00financing reconciliation → Dividends paid to common shareholders: $43,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $1,975,000,000.00Net cash from operating activities → Cash sources and uses: $1,123,000,000.00Cash sources and uses → Exchange-rate effect: $1,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $2,050,000,000.00Cash sources and uses → Net cash used in investing activities: $145,000,000.00Cash sources and uses → Net cash used in financing activities: $902,000,000.00Net income: $3,205,000,000.00Net income+$3.21 BDepreciation and amortization: $96,000,000.00Depreciation & amortization+$96.00 MStock-based compensation: $53,000,000.00Stock-based compensation+$53.00 MDeferred income taxes: $47,000,000.00Deferred taxes & credits+$47.00 MGain on business divestiture: $0.00(Gain) loss on retained interest in Sandisk: -$2,734,000,000.00Unrealized equity gain & loss−$2.73 BCosts in connection with debt-for-equity exchange: $545,000,000.00Debt extinguishment gain & loss+$545.00 MOther non-cash operating activities, net: $4,000,000.00Other operating, net+$4.00 MAccounts receivable, net: -$209,000,000.00Accounts receivable−$209.00 MInventories: -$9,000,000.00Inventories−$9.00 MAccounts payable: $70,000,000.00Trade payables+$70.00 MAccrued expenses: -$13,000,000.00Accrued liabilities−$13.00 MAccrued compensation: $43,000,000.00Accrued compensation+$43.00 MIncome taxes payable: -$21,000,000.00Income taxes payable−$21.00 MOther assets and liabilities, net: $46,000,000.00Other working capital, net+$46.00 MNet cash from operating activities: $1,123,000,000.00Operating cash+$1.12 BOperating adjustments reconciliation: $2,986,000,000.00Issuance of stock under employee stock plans: $0.00Taxes paid on vested stock awards under employee stock plans: -$102,000,000.00Stock-award tax withholding−$102.00 MRepurchases of common stock: -$752,000,000.00Common stock repurchases−$752.00 MDividends paid to common shareholders: -$43,000,000.00Common dividends paid−$43.00 MDividends paid to preferred shareholders: $0.00Repayments of debt: -$1,501,000,000.00Debt repaid−$1.50 BProceeds from debt: $1,496,000,000.00Long-term debt issued+$1.50 BDebt issuance costs: $0.00Cash transferred to Sandisk related to Separation: $0.00Net cash used in financing activities: -$902,000,000.00. Cash required to fund net payments.Financing cash−$902.00 Mfinancing reconciliation: $2,398,000,000.00Purchases of property, plant and equipment: -$145,000,000.00PP&E purchases−$145.00 MProceeds from the sale of property, plant and equipment: $0.00Net proceeds from business divestiture: $0.00Notes receivable issuances to Flash Ventures: $0.00Notes receivable proceeds from Flash Ventures: $0.00Distribution from Flash Ventures: $0.00Strategic investments and other, net: $0.00Net cash used in investing activities: -$145,000,000.00. Cash required to fund net payments.Investing cash−$145.00 Minvesting reconciliation: $145,000,000.00Cash sources and uses: $3,098,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $1,975,000,000.00Beginning cash$1.98 BEnding cash: Cash, cash equivalents, and restricted cash: $2,050,000,000.00Ending cash$2.05 BExchange-rate effect: -$1,000,000.00FX effect−$1.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$978.00 MOperating cash − cash spent on PP&ECash flow / Net income0.35×Operating cash flow ÷ net incomeNet cash change+$75.00 MEnding cash − beginning cash
Chart details

WESTERN DIGITAL CORPORATION cash flow reconciliation, Jan 3, 2026 through Apr 3, 2026

Cash flows for Jan 3, 2026 through Apr 3, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jan 2, 2026. Ending cash: Apr 3, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Jan 2, 2026
1,975,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
1,123,000,000 US dollars. Net cash provided.
Net income
3,205,000,000 US dollars
Depreciation and amortization
96,000,000 US dollars
Stock-based compensation
53,000,000 US dollars
Deferred income taxes
47,000,000 US dollars
Gain on business divestiture
0 US dollars
(Gain) loss on retained interest in Sandisk
negative 2,734,000,000 US dollars
Costs in connection with debt-for-equity exchange
545,000,000 US dollars
Other non-cash operating activities, net
4,000,000 US dollars
Accounts receivable, net
negative 209,000,000 US dollars
Inventories
negative 9,000,000 US dollars
Accounts payable
70,000,000 US dollars
Accrued expenses
negative 13,000,000 US dollars
Accrued compensation
43,000,000 US dollars
Income taxes payable
negative 21,000,000 US dollars
Other assets and liabilities, net
46,000,000 US dollars
Investing activities
negative 145,000,000 US dollars. Net cash used.
Purchases of property, plant and equipment
negative 145,000,000 US dollars
Proceeds from the sale of property, plant and equipment
0 US dollars
Net proceeds from business divestiture
0 US dollars
Notes receivable issuances to Flash Ventures
0 US dollars
Notes receivable proceeds from Flash Ventures
0 US dollars
Distribution from Flash Ventures
0 US dollars
Strategic investments and other, net
0 US dollars
Financing activities
negative 902,000,000 US dollars. Net cash used.
Issuance of stock under employee stock plans
0 US dollars
Taxes paid on vested stock awards under employee stock plans
negative 102,000,000 US dollars
Repurchases of common stock
negative 752,000,000 US dollars
Dividends paid to common shareholders
negative 43,000,000 US dollars
Dividends paid to preferred shareholders
0 US dollars
Repayments of debt
negative 1,501,000,000 US dollars
Proceeds from debt
1,496,000,000 US dollars
Debt issuance costs
0 US dollars
Cash transferred to Sandisk related to Separation
0 US dollars
Operating adjustment reconciliation
2,986,000,000 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
2,398,000,000 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
145,000,000 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 1,000,000 US dollars
Ending cash on Apr 3, 2026
2,050,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
3,098,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
75,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
0.35×. 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
1,123,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
145,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
978,000,000 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 $1.12B of net income directly to operating cash and $2.08B 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: 1,123,000,000 US dollars minus 145,000,000 US dollars equals 978,000,000 US dollars.
WESTERN DIGITAL CORPORATION (WDC) FY2026 Q3 Statement of Cash Flows Sankey chart
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