Western Digital (WDC) 10-K Summary — Year Ended Jun 28, 2024
The filing covers the recent fiscal year. The company reported revenue while experiencing operating and net losses, and negative operating cash flow.
Key takeaway
Year ended Jun 28, 2024 · FY2025 10-K
The filing covers the recent fiscal year. The company reported revenue while experiencing operating and net losses, and negative operating cash flow.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$6.3B
Revenue reported for the fiscal year.
Operating income
-$403M
Income from operations reported for the year.
Net income
-$798M
Net income reported for the year.
Operating cash flow
-$294M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 28, 2024 | $6.3B | n/a |
Business overview
The filing references a Business overview section but does not provide a detailed description of the company's business operations within the supplied context. No further information on the business is available.
Financial performance
Revenue was reported. However, operating income and net income were losses, and operating cash flow was negative.
Material risks
The filing mentions a Risk Factors section but does not include specific risk descriptions in the supplied context. Therefore, no material risks can be identified.
Liquidity and capital
Operating cash flow was negative. The company made payments related to an IRS tax settlement and expects to pay a remaining liability in the next twelve months, with anticipated future tax savings.
What to watch
The resolution of the remaining IRS tax liability and the associated cash outflows in the upcoming period.