For the quarter ending 2026-01-02, WDC had -$73M decrease in cash & cash equivalents over the period. $653M in free cash flow.
| Cash Flow | 2026-01-02 | 2025-10-03 | 2025-06-27 | 2025-03-28 |
|---|---|---|---|---|
| Net income | 1,842 | 1,182 | 282 | 520 |
| Depreciation and amortization | 92 | 88 | 86 | 110 |
| Stock-based compensation | 53 | 53 | 45 | 59 |
| Deferred income taxes | 29 | 55 | -63 | -682 |
| Gain on disposal of assets | - | - | -1 | -2 |
| Non-cash asset impairment | - | - | 2 | 0 |
| Gain on repurchase of debt | - | - | - | 4 |
| Gain on business divestiture | 0 | - | 0 | 0 |
| Amortization of debt issuance costs and discounts | - | - | 2 | 11 |
| Gain on retained interest in sandisk | 1,103 | 611 | -772 | - |
| Unrealized loss on retained interest in sandisk | - | - | - | -606 |
| Loss on extinguishment of debt | - | - | -100 | - |
| Other non-cash operating activities, net | 8 | 4 | 5 | 18 |
| Accounts receivable, net | 330 | -131 | 17 | -527 |
| Inventories | -46 | 101 | -20 | 317 |
| Accounts payable | -29 | 248 | -34 | 99 |
| Accounts payable to related parties | 0 | 0 | 0 | 15 |
| Accrued expenses | 63 | -21 | -50 | -425 |
| Accrued compensation | 45 | 6 | 85 | -55 |
| Income taxes payable | -74 | -503 | 428 | -23 |
| Other assets and liabilities, net | -103 | -141 | 312 | -69 |
| Net cash provided by operating activities | 745 | 672 | 746 | 508 |
| Purchases of property, plant and equipment | 92 | 73 | 71 | 129 |
| Proceeds from the sale of property, plant and equipment | 0 | 0 | 0 | 1 |
| Net proceeds from business divestiture | 0 | - | 0 | 210 |
| Notes receivable issuances to flash ventures | 0 | 0 | 0 | 0 |
| Notes receivable proceeds from flash ventures | 0 | 0 | 0 | 57 |
| Distribution from flash ventures | 0 | - | 0 | -1 |
| Strategic investments and other, net | 24 | -16 | -1 | -4 |
| Net cash provided by (used in) investing activities | -116 | -57 | -70 | 142 |
| Issuance of stock under employee stock plans | 32 | - | 8 | 17 |
| Taxes paid on vested stock awards under employee stock plans | 40 | 55 | 21 | 12 |
| Purchase of capped calls | - | - | 0 | 0 |
| Proceeds from convertible preferred stock, net of issuance costs | - | - | 0 | 0 |
| Repurchases of common stock | 615 | 553 | 149 | - |
| Dividends paid to shareholders | - | - | 44 | - |
| Dividends paid to common shareholders | 43 | 34 | - | - |
| Repurchases of debt | - | - | 0 | 0 |
| Dividends paid to preferred shareholders | 5 | 5 | - | - |
| Repayments of debt | 32 | 31 | 1,837 | 32 |
| Proceeds from debt | 0 | 0 | 0 | 2,150 |
| Debt issuance costs | - | - | -1 | 74 |
| Cash transferred to sandisk related to separation | - | - | 0 | 1,366 |
| Net cash used in financing activities | -703 | -678 | -2,042 | 533 |
| Effect of exchange rate changes on cash | 1 | -3 | 3 | 3 |
| Cash and cash equivalents reclassified to assets held for sale | - | 0 | - | - |
| Net increase (decrease) in cash and cash equivalents | -73 | -66 | -1,363 | 1,186 |
| Cash and cash equivalents at beginning of period | 2,048 | 2,114 | 3,477 | 2,291 |
| Cash and cash equivalents at end of period | 1,975 | 2,048 | 2,114 | 3,477 |
WESTERN DIGITAL CORP (WDC)
WESTERN DIGITAL CORP (WDC)