Stock Analysis on Net
Stock Analysis on Net

Western Digital Corp. (NASDAQ:WDC)

This company has been moved to the archive! The financial data has not been updated since February 12, 2024.

Common-Size Income Statement

Western Digital Corp., common-size consolidated income statement

Microsoft Excel
12 months ended: Jun 30, 2023 Jul 1, 2022 Jul 2, 2021 Jul 3, 2020 Jun 28, 2019 Jun 29, 2018
Revenue, net 100.00 100.00 100.00 100.00 100.00 100.00
Cost of revenue -84.68 -68.74 -73.28 -77.41 -77.36 -62.68
Gross profit 15.32% 31.26% 26.72% 22.59% 22.64% 37.32%
Research and development -16.31 -12.36 -13.25 -13.51 -13.17 -11.62
Selling, general and administrative -7.87 -5.94 -6.53 -6.89 -7.95 -7.13
Employee termination, asset impairment, and other charges -1.57 -0.23 0.28 -0.19 -1.00 -1.04
Operating expenses -25.75% -18.53% -19.51% -20.59% -22.12% -19.80%
Operating income (loss) -10.43% 12.72% 7.21% 2.00% 0.53% 17.52%
Interest income 0.19 0.03 0.04 0.17 0.34 0.29
Interest expense -2.53 -1.62 -1.93 -2.47 -2.83 -3.27
Other income (expense), net 0.11 0.16 0.15 0.02 0.23 -4.44
Interest and other income (expense), net -2.23% -1.43% -1.73% -2.28% -2.26% -7.42%
Income (loss) before taxes -12.66% 11.30% 5.48% -0.27% -1.73% 10.10%
Income tax expense -1.19 -3.32 -0.63 -1.22 -2.82 -6.83
Net income (loss) -13.85% 7.98% 4.85% -1.49% -4.55% 3.27%
Cumulative dividends allocated to preferred shareholders -0.19 0.00 0.00 0.00 0.00 0.00
Net income (loss) attributable to common shareholders -14.04% 7.98% 4.85% -1.49% -4.55% 3.27%

Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-07-01), 10-K (reporting date: 2021-07-02), 10-K (reporting date: 2020-07-03), 10-K (reporting date: 2019-06-28), 10-K (reporting date: 2018-06-29).

Income statement item Description The company
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. Western Digital Corp. operating income (loss) as a percentage of revenue, net increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Income (loss) before taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Western Digital Corp. income (loss) before taxes as a percentage of revenue, net increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Net income (loss) The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Western Digital Corp. net income (loss) as a percentage of revenue, net increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.