Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Western Digital Corp., consolidated balance sheet: assets (quarterly data)

US$ in millions

	Dec 29, 2023	Sep 29, 2023	Jun 30, 2023	Mar 31, 2023	Dec 30, 2022	Sep 30, 2022	Jul 1, 2022	Apr 1, 2022	Dec 31, 2021	Oct 1, 2021	Jul 2, 2021	Apr 2, 2021	Jan 1, 2021	Oct 2, 2020	Jul 3, 2020	Apr 3, 2020	Jan 3, 2020	Oct 4, 2019	Jun 28, 2019	Mar 29, 2019	Dec 28, 2018	Sep 28, 2018	Jun 29, 2018	Mar 30, 2018	Dec 29, 2017	Sep 29, 2017
Cash and cash equivalents	2,481)	2,032)	2,023)	2,220)	1,871)	2,049)	2,327)	2,505)	2,531)	3,290)	3,370)	2,734)	2,956)	2,995)	3,048)	2,943)	3,137)	3,248)	3,455)	3,682)	4,013)	4,646)	5,005)	4,963)	6,272)	6,886)
Accounts receivable, net	1,523)	1,451)	1,598)	1,591)	1,905)	2,422)	2,804)	2,353)	2,743)	2,446)	2,257)	1,905)	1,833)	2,097)	2,379)	1,978)	1,791)	1,448)	1,204)	1,223)	1,715)	2,219)	2,197)	2,011)	2,052)	2,101)
Inventories	3,216)	3,497)	3,698)	3,979)	3,773)	3,862)	3,638)	3,661)	3,647)	3,544)	3,616)	3,683)	3,576)	3,355)	3,070)	3,091)	3,122)	3,287)	3,283)	3,440)	3,427)	3,119)	2,944)	2,670)	2,281)	2,302)
Other current assets	618)	597)	567)	693)	832)	738)	684)	659)	614)	576)	514)	710)	744)	558)	551)	541)	577)	517)	535)	557)	587)	587)	492)	520)	508)	531)
Current assets	7,838)	7,577)	7,886)	8,483)	8,381)	9,071)	9,453)	9,178)	9,535)	9,856)	9,757)	9,032)	9,109)	9,005)	9,048)	8,553)	8,627)	8,500)	8,477)	8,902)	9,742)	10,571)	10,638)	10,164)	11,113)	11,820)
Property, plant and equipment, net	3,315)	3,371)	3,620)	3,668)	3,688)	3,718)	3,670)	3,488)	3,367)	3,260)	3,188)	3,061)	2,918)	2,897)	2,854)	2,735)	2,722)	2,796)	2,843)	3,031)	3,077)	3,054)	3,095)	3,011)	3,054)	3,048)
Notes receivable and investments in Flash Ventures	1,344)	1,245)	1,297)	1,379)	1,357)	1,219)	1,396)	1,417)	1,553)	1,646)	1,586)	1,694)	1,858)	1,746)	1,875)	2,157)	2,321)	2,629)	2,791)	2,403)	2,318)	2,028)	2,105)	2,160)	1,845)	1,462)
Goodwill	10,037)	10,035)	10,037)	10,041)	10,041)	10,037)	10,041)	10,061)	10,065)	10,066)	10,066)	10,066)	10,071)	10,069)	10,067)	10,066)	10,069)	10,090)	10,076)	10,075)	10,074)	10,072)	10,075)	10,079)	10,076)	10,073)
Other intangible assets, net	79)	80)	80)	97)	135)	174)	213)	252)	300)	364)	442)	519)	596)	758)	941)	1,126)	1,311)	1,514)	1,711)	1,918)	2,148)	2,404)	2,680)	2,956)	3,230)	3,545)
Other non-current assets	1,772)	1,693)	1,509)	1,483)	1,445)	1,467)	1,486)	1,303)	1,205)	1,199)	1,093)	1,037)	1,000)	927)	877)	872)	810)	751)	472)	584)	580)	576)	642)	634)	522)	557)
Non-current assets	16,547)	16,424)	16,543)	16,668)	16,666)	16,615)	16,806)	16,521)	16,490)	16,535)	16,375)	16,377)	16,443)	16,397)	16,614)	16,956)	17,233)	17,780)	17,893)	18,011)	18,197)	18,134)	18,597)	18,840)	18,727)	18,685)
Total assets	24,385)	24,001)	24,429)	25,151)	25,047)	25,686)	26,259)	25,699)	26,025)	26,391)	26,132)	25,409)	25,552)	25,402)	25,662)	25,509)	25,860)	26,280)	26,370)	26,913)	27,939)	28,705)	29,235)	29,004)	29,840)	30,505)

The analysis of the quarterly financial data reveals several discernible trends and patterns in the key asset categories over the periods presented.

Cash and Cash Equivalents: Cash reserves show a clear declining trajectory from approximately 6.9 billion US dollars in late September 2017 to about 2.5 billion by the end of 2023. Despite occasional minor recoveries, the overall trend is downward, indicating reduced liquidity or possible increased investment or expenditures over this timeframe.
Accounts Receivable, Net: The accounts receivable fluctuate moderately but maintain a general decrease from early 2018 through mid-2023, dropping from over 2.1 billion to around 1.5 billion US dollars. This decline could suggest either tighter credit policies or decreased sales on credit.
Inventories: Inventory values exhibit an increasing pattern from roughly 2.3 billion US dollars in late 2017 to a peak near 3.9 billion by late 2022, followed by a slight decline toward 3.2 billion by the end of 2023. This increase may reflect stockpiling in anticipation of demand or slower inventory turnover during certain periods.
Other Current Assets: These assets have varied over time with a mild upward trend overall, starting near 531 million and crossing around 618 million by late 2023. Peaks are noted within the 2020-2021 period, which could indicate strategic asset positioning or reclassification.
Current Assets: Total current assets decreased significantly from about 11.8 billion US dollars in late 2017 to around 7.8 billion by the end of 2023. This decline aligns with reductions seen in cash and accounts receivable, suggesting a contraction in near-term liquidity or asset holdings.
Property, Plant and Equipment, Net: This category reveals a relatively stable asset base with minor fluctuations, starting near 3.0 billion and peaking around 3.7 billion in mid-2022 before slightly declining toward 3.3 billion at the end of 2023. The overall stability suggests consistent investment and maintenance of fixed assets.
Notes Receivable and Investments in Flash Ventures: The values here demonstrate volatility with an increasing trend up to late 2019, reaching about 2.8 billion, followed by a steady downward movement to approximately 1.3 billion by late 2023. This may indicate divestment or write-downs in investments over time.
Goodwill: Goodwill remains nearly constant, hovering around 10 billion US dollars throughout all periods, suggesting no significant recent acquisitions or impairments impacting this intangible asset.
Other Intangible Assets, Net: There is a marked declining trend in other intangible assets, falling sharply from about 3.5 billion US dollars to under 80 million by the end of 2023. The consistent decrease suggests systematic amortization or disposals of intangible assets during the analyzed period.
Other Non-Current Assets: Other non-current assets generally show an increase from roughly 557 million to about 1.8 billion by late 2023, indicating growth in long-term asset holdings outside the typical categories.
Non-Current Assets: Total non-current assets show a slight overall decline from approximately 18.7 billion to around 16.5 billion by the end of 2023. Despite rises in some subcategories, amortization and asset disposals likely contributed to this gradual reduction.
Total Assets: The aggregate asset base decreased from about 30.5 billion US dollars to 24.4 billion between late 2017 and late 2023. This decline reflects changes across both current and non-current asset categories, indicating a contraction in total asset holdings over these years.

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Western Digital Corp. (NASDAQ:WDC)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data