For the quarter ending 2026-04-03, WDC had $75M increase in cash & cash equivalents over the period. $978M in free cash flow.
| Cash Flow | 2026-04-03 | 2026-01-02 | 2025-10-03 | 2025-06-27 |
|---|---|---|---|---|
| Net income | 3,205 | 1,842 | 1,182 | 282 |
| Depreciation and amortization | 96 | 92 | 88 | 451 |
| Stock-based compensation | 53 | 53 | 53 | 45 |
| Deferred income taxes | 47 | 29 | 55 | -745 |
| Gain on disposal of assets | - | - | - | -1 |
| Non-cash asset impairment | - | - | - | 2 |
| Gain on business divestiture | 0 | 0 | - | 0 |
| Amortization of debt issuance costs and discounts | - | - | - | 2 |
| (gain) loss on retained interest in sandisk | 2,734 | 1,103 | 611 | -772 |
| Costs in connection with debt-for-equity exchange | -545 | - | - | -100 |
| Other non-cash operating activities, net | 4 | 8 | 4 | 5 |
| Accounts receivable, net | 209 | 330 | -131 | 17 |
| Inventories | 9 | -46 | 101 | -20 |
| Accounts payable | 70 | -29 | 248 | -34 |
| Accounts payable to related parties | - | 0 | 0 | 0 |
| Accrued expenses | -13 | 63 | -21 | -50 |
| Accrued compensation | 43 | 45 | 6 | 85 |
| Income taxes payable | -21 | -74 | -503 | 428 |
| Other assets and liabilities, net | -46 | -103 | -141 | 312 |
| Net cash provided by operating activities | 1,123 | 745 | 672 | 746 |
| Purchases of property, plant and equipment | 145 | 92 | 73 | 71 |
| Proceeds from the sale of property, plant and equipment | 0 | 0 | 0 | 0 |
| Net proceeds from business divestiture | 0 | 0 | - | 0 |
| Notes receivable issuances to flash ventures | 0 | 0 | 0 | 0 |
| Notes receivable proceeds from flash ventures | 0 | 0 | 0 | 0 |
| Distribution from flash ventures | 0 | 0 | - | 0 |
| Strategic investments and other, net | 0 | 24 | -16 | -1 |
| Net cash provided by (used in) investing activities | -145 | -116 | -57 | -70 |
| Issuance of stock under employee stock plans | 0 | 32 | - | 8 |
| Taxes paid on vested stock awards under employee stock plans | 102 | 40 | 55 | 21 |
| Purchase of capped calls | - | - | - | 0 |
| Proceeds from convertible preferred stock, net of issuance costs | - | - | - | 0 |
| Repurchases of common stock | 752 | 615 | 553 | 149 |
| Dividends paid to shareholders | - | - | - | 44 |
| Dividends paid to common shareholders | 43 | 43 | 34 | - |
| Repurchases of debt | - | - | - | 0 |
| Dividends paid to preferred shareholders | 0 | 5 | 5 | - |
| Repayments of debt | 1,501 | 32 | 31 | 1,837 |
| Proceeds from debt | 1,496 | 0 | 0 | 2,150 |
| Debt issuance costs | 0 | - | - | -1 |
| Cash transferred to sandisk related to separation | 0 | - | - | 0 |
| Net cash provided by (used in) financing activities | -902 | -703 | -678 | -2,042 |
| Effect of exchange rate changes on cash | -1 | 1 | -3 | 3 |
| Cash and cash equivalents reclassified to assets held for sale | - | - | 0 | - |
| Net increase (decrease) in cash and cash equivalents | 75 | -73 | -66 | -1,363 |
| Cash and cash equivalents, beginning of period | 1,975 | 2,048 | 2,114 | 3,477 |
| Cash and cash equivalents, end of period | 2,050 | 1,975 | 2,048 | 2,114 |
WESTERN DIGITAL CORP (WDC)
WESTERN DIGITAL CORP (WDC)