Western Digital Corporation

WD, a Western Digital company, is a long-time innovator and storage industry leader. As a storage technology pacesetter, the company produces reliable, high-performance hard disk drives and solid state drives. These drives are deployed by OEMs and integrators in desktop and mobile computers, enterprise computing systems, embedded systems and consumer electronics applications, as well as by the company in providing its own storage products. WD’s leading storage devices and systems, networking products, media players and software solutions empower people around the world to easily save, store, protect, share and experience their content on multiple devices.
Company Growth (employees)
Type
Public
HQ
Irvine, US
Founded
1970
Size (employees)
72,878 (est)
Website
wdc.com
Western Digital Corporation was founded in 1970 and is headquartered in Irvine, US

Key People at Western Digital Corporation

Stephen Milligan

Stephen Milligan

Chief Executive Officer
Siva Sivaram

Siva Sivaram

Executive Vice President, Memory Technology
Martin Fink

Martin Fink

Executive Vice President and Chief Technology Officer
Jacqueline Demaria

Jacqueline Demaria

Executive Vice President and Chief Human Resources Officer
Michael Ray

Michael Ray

Executive Vice President, Chief Legal Officer and Secretary
Michael Cordano

Michael Cordano

President and Chief Operating Officer
Manish Bhatia

Manish Bhatia

Executive Vice President, Silicon Operations
Mark Long

Mark Long

EVP, Chief Strategy Officer

Western Digital Corporation Office Locations

Western Digital Corporation has an office in Irvine
Irvine, US (HQ)
3355 Michelson Drive, Suite 100

Western Digital Corporation Data and Metrics

Western Digital Corporation Financial Metrics

Western Digital Corporation's revenue was reported to be $4.6 b in Q3, 2017
USD

Revenue (Q3, 2017)

4.6 b

Gross profit (Q3, 2017)

1.5 b

Gross profit margin (Q3, 2017), %

33%

Net income (Q3, 2017)

117 m

EBIT (Q3, 2017)

525 m

Market capitalization (17-Aug-2017)

24.7 b

Cash (31-Mar-2017)

5.7 b
Western Digital Corporation's current market capitalization is $24.7 b.
USDFY, 2014FY, 2015FY, 2016

Revenue

15.1 b14.6 b13 b

Revenue growth, %

(4%)(11%)

Cost of goods sold

10.8 b10.4 b9.6 b

Gross profit

4.4 b4.2 b3.4 b

Gross profit Margin, %

29%29%26%

R&D expense

1.7 b1.6 b1.6 b

General and administrative expense

813 m773 m997 m

Operating expense total

2.6 b2.6 b3 b

EBIT

1.8 b1.6 b466 m

EBIT margin, %

12%11%4%

Interest expense

56 m49 m266 m

Interest income

15 m14 m26 m

Pre tax profit

1.8 b1.6 b153 m

Income tax expense

135 m112 m(89 m)

Net Income

1.6 b1.5 b242 m
USDQ1, 2014Q2, 2015Q3, 2015Q1, 2015Q2, 2016Q3, 2016Q1, 2016Q3, 2017

Revenue

3.9 b3.9 b3.6 b3.4 b3.3 b2.8 b4.7 b4.6 b

Cost of goods sold

2.8 b2.8 b2.5 b2.4 b2.4 b2.1 b3.4 b3.1 b

Gross profit

1.1 b1.1 b1 b955 m906 m753 m1.3 b1.5 b

Gross profit Margin, %

29%29%29%28%27%27%28%33%

R&D expense

437 m426 m402 m385 m389 m359 m639 m613 m

General and administrative expense

220 m164 m199 m192 m207 m166 m396 m346 m

Operating expense total

657 m590 m601 m577 m943 m525 m1 b959 m

EBIT

469 m466 m421 m322 m251 m88 m232 m525 m

EBIT margin, %

12%12%12%10%8%3%5%11%

Interest expense

(205 m)(236 m)(205 m)

Interest income

5 m5 m7 m

Pre tax profit

460 m458 m412 m314 m244 m80 m304 m

Income tax expense

37 m20 m28 m31 m(7 m)6 m95 m56 m

Net Income

423 m438 m384 m283 m251 m74 m(366 m)117 m
USDFY, 2014FY, 2015FY, 2016

Cash

4.8 b5 b8.2 b

Accounts Receivable

2 b1.5 b1.5 b

Inventories

1.2 b1.4 b2.1 b

Current Assets

8.7 b8.5 b12.6 b

PP&E

3.3 b3 b3.5 b

Goodwill

2.6 b2.8 b10 b

Total Assets

15.5 b15.2 b32.9 b

Accounts Payable

2 b1.9 b1.9 b

Total Debt

2.4 b2.6 b17 b

Current Liabilities

3.8 b3.2 b6.9 b

Total Liabilities

21.7 b

Additional Paid-in Capital

2.3 b2.4 b4.4 b

Retained Earnings

8.1 b9.1 b8.8 b

Total Equity

8.8 b9.2 b11.1 b

Debt to Equity Ratio

0.3 x0.3 x1.5 x

Debt to Assets Ratio

0.2 x0.2 x0.5 x

Financial Leverage

1.8 x1.6 x2.9 x
USDQ1, 2014Q2, 2015Q3, 2015Q1, 2015Q2, 2016Q3, 2016Q1, 2016Q3, 2017

Cash

5.2 b4.9 b4.8 b5.1 b5.4 b5.9 b4.1 b5.7 b

Accounts Receivable

1.9 b1.9 b1.7 b1.6 b1.7 b1.3 b2 b1.9 b

Inventories

1.3 b1.3 b1.3 b1.3 b1.2 b1.2 b2.1 b2.3 b

Current Assets

9 b8.7 b8.4 b8.7 b8.9 b8.7 b9.1 b10.3 b

PP&E

3.2 b3.1 b3.1 b2.9 b2.8 b2.7 b3.4 b3.1 b

Goodwill

2.6 b2.6 b2.7 b2.8 b2.8 b2.8 b10 b10 b

Total Assets

15.7 b15.1 b15.2 b15.3 b15.5 b14.9 b29 b29.4 b

Accounts Payable

2 b2.1 b2 b1.8 b1.8 b1.6 b1.9 b2.2 b

Current Liabilities

3.9 b3.3 b3.2 b3.2 b3.2 b2.8 b3.9 b4.3 b

Additional Paid-in Capital

2.3 b2.3 b2.4 b2.4 b2.4 b2.5 b4.5 b4.5 b

Retained Earnings

8.4 b8.7 b9 b9.3 b9.4 b9.4 b8.3 b8.5 b

Total Equity

9 b9.1 b9.2 b9.3 b9.6 b9.6 b10.8 b11 b

Financial Leverage

1.7 x1.7 x1.6 x1.6 x1.6 x1.6 x2.7 x2.7 x
USDFY, 2014FY, 2015FY, 2016

Net Income

1.6 b1.5 b242 m

Depreciation and Amortization

1.2 b1.1 b1.2 b

Accounts Receivable

(175 m)458 m466 m

Inventories

(143 m)306 m

Accounts Payable

(32 m)(148 m)(299 m)

Cash From Operating Activities

2.8 b2.2 b2 b

Purchases of PP&E

(628 m)(612 m)(584 m)

Cash From Investing Activities

(1.9 b)(953 m)(9.6 b)

Long-term Borrowings

(2.5 b)(125 m)(2.3 b)

Dividends Paid

(259 m)(396 m)(464 m)

Cash From Financing Activities

(385 m)(1.1 b)10.8 b

Interest Paid

46 m45 m113 m

Income Taxes Paid

141 m47 m26 m
USDQ1, 2014Q2, 2015Q3, 2015Q1, 2015Q2, 2016Q3, 2016Q1, 2016Q3, 2017

Net Income

423 m438 m384 m283 m251 m74 m(366 m)117 m

Depreciation and Amortization

1 b508 m1.6 b

Accounts Receivable

1.9 b1.9 b1.7 b1.6 b1.7 b1.3 b(562 m)(489 m)

Inventories

1.3 b1.3 b1.3 b1.3 b1.2 b1.2 b28 m(117 m)

Accounts Payable

2 b2.1 b2 b1.8 b1.8 b1.6 b99 m319 m

Cash From Operating Activities

1.5 b440 m2.5 b

Purchases of PP&E

(330 m)(184 m)(453 m)

Cash From Investing Activities

(316 m)(202 m)(446 m)

Long-term Borrowings

(8.3 b)(8.2 b)(12.2 b)

Dividends Paid

(284 m)(142 m)(428 m)

Cash From Financing Activities

(4.4 b)(4.3 b)(4.5 b)

Interest Paid

299 m93 m454 m

Income Taxes Paid

43 m18 m117 m
USDY, 2017

Revenue/Employee

63.8 k

Financial Leverage

2.7 x

Western Digital Corporation Operating Metrics

Western Digital Corporation's Backlog was reported to be $50 m in FY, 2016. Western Digital Corporation's Units Shipped was reported to be 185 m in FY, 2016, which is a 19% decrease from the previous period
Q3, 2013Q4, 2013Q1, 2014FY, 2014FY, 2014FY, 2015FY, 2015FY, 2016FY, 2016

Average Selling Price Per Unit

$58$60$58$58$58$60$61$60$60$61$60$61

Units Shipped

62.6 m63.1 m60.4 m249 m64.7 m61 m54.5 m229 m51.7 m49.7 m43.1 m185 m

Patents Issued

7 k7 k13.5 k

Backlog

$50 m

Western Digital Corporation Market Value History

Western Digital Corporation Revenue Breakdown

Traffic Overview of Western Digital Corporation

Western Digital Corporation Online and Social Media Presence

Western Digital Corporation News and Updates

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Western Digital Corporation Company Life and Culture

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