Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Western Digital Corp., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Jun 30, 2023	Jul 1, 2022	Jul 2, 2021	Jul 3, 2020	Jun 28, 2019	Jun 29, 2018
Accounts payable	1,293)	1,902)	1,934)	1,945)	1,567)	2,265)
Accounts payable to related parties	292)	320)	398)	407)	331)	259)
Accrued expenses	1,288)	1,636)	1,390)	1,296)	1,296)	1,274)
Income taxes payable	999)	869)	263)	—)	—)	—)
Accrued compensation	349)	510)	634)	472)	347)	479)
Current portion of long-term debt	1,213)	—)	251)	286)	276)	179)
Current liabilities	5,434)	5,237)	4,870)	4,406)	3,817)	4,456)
Long-term debt, less current portion	5,857)	7,022)	8,474)	9,289)	10,246)	10,993)
Non-current net tax payable	464)	659)	684)	815)	928)	1,315)
Non-current portion of unrecognized tax benefits	408)	477)	750)	720)	699)	508)
Other non-current liabilities	543)	643)	633)	881)	713)	432)
Other liabilities	1,415)	1,779)	2,067)	2,416)	2,340)	2,255)
Non-current liabilities	7,272)	8,801)	10,541)	11,705)	12,586)	13,248)
Total liabilities	12,706)	14,038)	15,411)	16,111)	16,403)	17,704)
Convertible preferred stock, $0.01 par value	876)	—)	—)	—)	—)	—)
Common stock, $0.01 par value	3)	3)	3)	3)	3)	3)
Additional paid-in capital	3,936)	3,733)	3,608)	3,717)	3,851)	4,254)
Accumulated other comprehensive loss	(516)	(554)	(197)	(157)	(68)	(39)
Retained earnings	7,424)	9,039)	7,539)	6,725)	7,449)	8,757)
Treasury stock, common shares at cost	—)	—)	(232)	(737)	(1,268)	(1,444)
Shareholders’ equity	11,723)	12,221)	10,721)	9,551)	9,967)	11,531)
Total liabilities and shareholders’ equity	24,429)	26,259)	26,132)	25,662)	26,370)	29,235)

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).

Download chart

Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Western Digital Corp. current liabilities increased from 2021 to 2022 and from 2022 to 2023.
Non-current liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Western Digital Corp. non-current liabilities decreased from 2021 to 2022 and from 2022 to 2023.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Western Digital Corp. total liabilities decreased from 2021 to 2022 and from 2022 to 2023.
Shareholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Western Digital Corp. shareholders’ equity increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.

Western Digital Corp. (NASDAQ:WDC)

Balance Sheet: Liabilities and Stockholders’ Equity