financial statements

The full income statement, balance sheet, and cash-flow statement for Western Digital Corporation (WDC), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2023	FY2022	FY2021
Income Statement	as ofJun 27 ’25	as ofJun 28 ’24	as ofJun 30 ’23	as ofJul 1 ’22	as ofJul 2 ’21	as ofJul 3 ’20
Revenue	9.52B YoY+50.7%	6.32B YoY+1.0%	6.25B YoY-66.7%	18.8B YoY+11.1%	16.9B YoY+1.1%	16.7B YoY+1.0%
	3.69B YoY+108.2%	1.77B YoY+27.5%	1.39B YoY-76.3%	5.87B YoY+29.9%	4.52B YoY+19.6%	3.78B YoY+0.8%
Cost of revenue	5.83B YoY+28.3%	4.54B YoY-6.6%	4.86B YoY-62.4%	12.9B YoY+4.2%	12.4B YoY-4.3%	13.0B YoY+1.1%
	1.36B YoY-37.6%	2.18B YoY+12.2%	1.94B YoY-44.3%	3.48B YoY+5.5%	3.30B YoY-4.2%	3.45B YoY-6.0%
Research & development	994M YoY+4.6%	950M YoY-3.7%	986M YoY-57.6%	2.32B YoY+3.6%	2.24B YoY-0.8%	2.26B YoY+3.6%
Selling, general & administrative	568M YoY-21.8%	726M YoY-10.0%	807M YoY-27.8%	1.12B YoY+1.1%	1.10B YoY-4.2%	1.15B YoY-12.5%
Restructuring	—	—	—	50.0M YoY+78.6%	28.0M YoY-42.9%	49.0M YoY-70.5%
Amortization of intangibles	—	3.00M YoY-97.7%	133M YoY-39.8%	221M YoY-54.5%	486M YoY-36.8%	769M YoY-20.6%
Operating income	2.33B YoY+679.2%	-403M YoY+26.5%	-548M YoY-122.9%	2.39B YoY+96.0%	1.22B YoY+264.2%	335M YoY+285.1%
Interest expense	357M YoY-13.8%	414M YoY+32.7%	312M YoY+2.6%	304M YoY-6.7%	326M YoY-21.1%	413M YoY-11.9%
Interest & investment income	45.0M YoY+36.4%	33.0M YoY+73.7%	19.0M YoY+216.7%	6.00M YoY-14.3%	7.00M YoY-75.0%	28.0M YoY-50.9%
Other non-operating income	-20.0M YoY-144.4%	45.0M YoY+550.0%	-10.0M YoY-112.8%	78.0M YoY+200.0%	26.0M YoY+550.0%	4.00M YoY-89.5%
Pre-tax income	1.13B YoY+252.9%	-739M YoY+13.0%	-849M YoY-139.1%	2.17B YoY+134.2%	927M YoY+2115.2%	-46.0M YoY+84.0%
Income tax	-513M YoY-2073.1%	26.0M YoY-50.9%	53.0M YoY-91.5%	625M YoY+489.6%	106M YoY-48.0%	204M YoY-56.3%
	1.89B YoY+336.7%	-798M YoY+52.6%	-1.68B YoY-208.9%	1.55B YoY+88.3%	821M YoY+428.4%	-250M YoY+66.8%
Income from continuing operations	1.64B YoY+314.8%	-765M YoY+15.2%	-902M	—	—	—
Preferred dividends	8.00M	—	—	—	—	—
Net income to common	1.84B YoY+316.0%	-852M YoY+50.1%	-1.71B YoY-210.5%	1.55B YoY+88.3%	821M	—
	$5.12 YoY+296.2%	-$2.61 YoY+51.4%	-$5.37 YoY-209.8%	$4.89 YoY+83.8%	$2.66 YoY+416.7%	-$0.84 YoY+67.4%
EPS (basic)	$5.31 YoY+303.4%	-$2.61 YoY+51.4%	-$5.37 YoY-208.3%	$4.96 YoY+84.4%	$2.69 YoY+420.2%	-$0.84 YoY+67.4%
Weighted-avg shares (basic)	347M YoY+6.4%	326M YoY+2.5%	318M YoY+1.9%	312M YoY+2.3%	305M YoY+2.3%	298M YoY+2.1%
Weighted-avg shares (diluted)	359M YoY+10.1%	326M YoY+2.5%	318M YoY+0.6%	316M YoY+2.3%	309M YoY+3.7%	298M YoY+2.1%
Dividends per share	$0.10	—	—	$0.00	$0.00 YoY-100.0%	$1.50 YoY-25.0%
Balance Sheet	as ofJun 27 ’25	as ofJun 28 ’24	as ofJun 30 ’23	as ofJul 1 ’22	as ofJul 2 ’21	as ofJul 3 ’20
	5.86B YoY-27.3%	8.06B YoY+2.2%	7.89B YoY-16.6%	9.45B YoY-3.1%	9.76B YoY+7.8%	9.05B YoY+6.7%
Cash & equivalents	2.11B YoY+36.3%	1.55B YoY-23.3%	2.02B YoY-13.1%	2.33B YoY-30.9%	3.37B YoY+10.6%	3.05B YoY-11.8%
Short-term investments	24.0M YoY+0.0%	24.0M YoY+0.0%	24.0M YoY+0.0%	24.0M YoY+0.0%	24.0M YoY+0.0%	24.0M YoY+0.0%
Accounts receivable	1.49B YoY+20.7%	1.23B YoY-23.0%	1.60B YoY-43.0%	2.80B YoY+24.2%	2.26B YoY-5.1%	2.38B YoY+97.6%
Inventory	1.29B YoY-6.9%	1.39B YoY-62.5%	3.70B YoY+1.6%	3.64B YoY+0.6%	3.62B YoY+17.8%	3.07B YoY-6.5%
Other current assets	611M YoY+69.7%	360M YoY-36.5%	567M YoY-17.1%	684M YoY+33.1%	514M YoY-6.7%	551M YoY+3.0%
	14.0B YoY-42.1%	24.2B YoY-1.5%	24.5B YoY-6.5%	26.3B YoY+0.5%	26.1B YoY+1.8%	25.7B YoY-2.7%
Property, plant & equipment	2.34B YoY-0.7%	2.36B YoY-34.8%	3.62B YoY-1.4%	3.67B YoY+15.1%	3.19B YoY+11.7%	2.85B YoY+0.4%
Operating lease right-of-use	123M YoY-14.0%	143M YoY-45.0%	260M YoY-13.3%	300M YoY+35.1%	222M YoY-3.5%	230M
Goodwill	4.32B YoY+0.0%	4.32B YoY-57.0%	10.0B YoY-0.0%	10.0B YoY-0.2%	10.1B YoY-0.0%	10.1B YoY-0.1%
Intangible assets	76.0M YoY-2.6%	78.0M YoY-2.5%	80.0M YoY-62.4%	213M YoY-51.8%	442M YoY-53.0%	941M YoY-45.0%
Long-term investments	94.0M YoY+0.0%	94.0M YoY+0.0%	94.0M YoY+0.0%	94.0M YoY+0.0%	94.0M YoY+0.0%	94.0M YoY+0.0%
Deferred tax assets	273M YoY+0.0%	273M YoY+0.0%	273M YoY+0.0%	273M YoY+0.0%	273M YoY+0.0%	273M YoY+0.0%
Other non-current assets	1.48B YoY+77.3%	837M YoY-44.7%	1.51B YoY+1.8%	1.49B YoY+36.0%	1.09B YoY+24.6%	877M YoY+85.8%
Total non-current assets	6.66B YoY+0.0%	6.66B YoY+0.0%	6.66B YoY+0.0%	6.66B YoY+0.0%	6.66B YoY+0.0%	6.66B YoY+0.0%
	5.42B YoY-11.0%	6.09B YoY+12.0%	5.43B YoY+3.8%	5.24B YoY+7.5%	4.87B YoY+10.5%	4.41B YoY+15.4%
Accounts payable	1.27B YoY+20.1%	1.05B YoY-19.4%	1.31B YoY-31.3%	1.90B YoY-1.7%	1.93B YoY-0.6%	1.95B YoY+24.1%
Accrued liabilities	719M YoY-31.7%	1.05B YoY-18.2%	1.29B YoY-21.3%	1.64B YoY+17.7%	1.39B YoY+7.3%	1.30B YoY+0.0%
Short-term & current debt	2.23B YoY+27.2%	1.75B YoY+44.3%	1.21B	0.00 YoY-100.0%	251M YoY-12.2%	286M YoY+3.6%
Current lease liability	31.0M YoY+10.7%	28.0M YoY-30.0%	40.0M YoY+0.0%	40.0M YoY+21.2%	33.0M YoY-8.3%	36.0M
	8.46B YoY-35.6%	13.1B YoY+3.4%	12.7B YoY-9.5%	14.0B YoY-8.9%	15.4B YoY-4.3%	16.1B YoY-1.8%
Long-term debt	2.48B YoY-56.3%	5.68B YoY-3.0%	5.86B YoY-16.6%	7.02B YoY-17.1%	8.47B YoY-8.8%	9.29B YoY-9.3%
Non-current lease liability	110M YoY-17.3%	133M YoY-45.5%	244M YoY-11.9%	277M YoY+35.8%	204M YoY-2.4%	209M
Deferred tax liabilities	135M YoY+0.0%	135M YoY+0.0%	135M YoY+0.0%	135M YoY+0.0%	135M YoY+0.0%	135M YoY+0.0%
Other non-current liabilities	559M YoY-44.2%	1.00B YoY-29.2%	1.42B YoY-20.5%	1.78B YoY-13.9%	2.07B YoY-14.4%	2.42B YoY+3.2%
	5.31B YoY-50.9%	10.8B YoY-1.3%	11.0B YoY-11.0%	12.3B YoY+14.1%	10.8B YoY+13.1%	9.55B YoY-4.2%
Preferred stock	0.00	0.00	0.00	0.00	0.00	0.00
Common stock	3.00M YoY+0.0%	3.00M YoY+0.0%	3.00M YoY+0.0%	3.00M	—	—
Additional paid-in capital	4.62B YoY-2.8%	4.75B YoY+20.7%	3.94B YoY+5.4%	3.73B YoY+3.5%	3.61B YoY-2.9%	3.72B YoY-3.5%
Retained earnings	762M YoY-88.8%	6.78B YoY-10.5%	7.57B YoY-16.2%	9.04B YoY+19.9%	7.54B YoY+12.1%	6.72B YoY-9.7%
Treasury stock	95.0M	0.00	0.00	0.00 YoY-100.0%	232M YoY-68.5%	737M YoY-41.9%
Accumulated other comprehensive income	20.0M YoY+102.8%	-712M YoY-29.9%	-548M YoY+1.1%	-554M YoY-181.2%	-197M YoY-25.5%	-157M YoY-130.9%
Total liabilities & equity	14.0B YoY-42.1%	24.2B YoY-1.5%	24.5B YoY-6.5%	26.3B YoY+0.5%	26.1B YoY+1.8%	25.7B YoY-2.7%
Common shares issued	349M YoY+1.7%	343M YoY+6.5%	322M YoY+2.2%	315M YoY+1.0%	312M YoY+0.0%	312M YoY+0.0%
Common shares outstanding	347M YoY+1.2%	343M YoY+6.5%	322M YoY+2.2%	315M YoY+2.3%	308M YoY+2.0%	302M YoY+2.4%
Shares outstanding (cover)	349M YoY+6.8%	327M YoY+2.1%	320M YoY+2.2%	313M YoY+2.2%	306M YoY+2.3%	300M YoY+2.3%
Cash Flow	as ofJun 27 ’25	as ofJun 28 ’24	as ofJun 30 ’23	as ofJul 1 ’22	as ofJul 2 ’21	as ofJul 3 ’20
	1.69B YoY+675.2%	-294M YoY+27.9%	-408M YoY-121.7%	1.88B YoY-0.9%	1.90B YoY+130.3%	824M YoY-46.7%
Depreciation & amortization	451M YoY-20.6%	568M YoY-31.4%	828M YoY-10.9%	929M YoY-23.3%	1.21B YoY-22.6%	1.57B YoY-13.6%
Share-based compensation	265M YoY-10.2%	295M YoY-7.2%	318M YoY-2.5%	326M YoY+2.5%	318M YoY+3.2%	308M YoY+0.7%
Deferred income taxes	-815M YoY-795.6%	-91.0M YoY-1616.7%	6.00M YoY-94.8%	116M YoY+147.9%	-242M YoY-195.1%	-82.0M YoY-121.9%
Change in receivables	-79.0M YoY-113.9%	568M YoY+147.1%	-1.21B YoY-320.9%	546M YoY+551.2%	-121M YoY-110.3%	1.18B YoY+218.3%
Change in inventory	409M YoY+214.9%	-356M YoY-693.3%	60.0M YoY+172.7%	22.0M YoY-96.0%	546M YoY+373.0%	-200M YoY-159.0%
Other operating activities	80.0M YoY+321.1%	19.0M YoY-68.9%	61.0M YoY+221.1%	19.0M YoY+416.7%	-6.00M YoY-200.0%	6.00M YoY+175.0%
	150M YoY+655.6%	-27.0M YoY+96.5%	-762M YoY+36.1%	-1.19B YoY-55.8%	-765M YoY-375.2%	278M YoY+121.9%
Capital expenditure	412M YoY-15.4%	487M YoY-40.7%	821M YoY-26.8%	1.12B YoY-2.1%	1.15B YoY+77.1%	647M YoY-26.1%
Acquisitions	—	—	—	0.00	0.00 YoY-100.0%	22.0M
Purchases of investments	—	—	—	—	0.00	0.00 YoY-100.0%
Other investing activities	-8.00M YoY+69.2%	-26.0M YoY+16.1%	-31.0M YoY-219.2%	26.0M YoY+471.4%	-7.00M YoY+56.3%	-16.0M YoY-180.0%
	-1.61B YoY-962.0%	187M YoY-78.6%	875M YoY+150.9%	-1.72B YoY-110.3%	-817M YoY+45.8%	-1.51B YoY+17.6%
Long-term debt issued	2.15B YoY-28.3%	3.00B YoY+154.2%	1.18B	—	—	0.00
Long-term debt repaid	—	—	—	3.62B YoY+308.7%	886M YoY-9.8%	982M YoY+442.5%
Common stock repurchased	149M	0.00	0.00	—	0.00	0.00 YoY-100.0%
Dividends paid	44.0M	0.00	0.00	0.00	0.00 YoY-100.0%	595M YoY+304.8%
FX effect on cash	6.00M YoY+160.0%	-10.0M YoY-11.1%	-9.00M YoY+30.8%	-13.0M YoY-316.7%	6.00M YoY+700.0%	-1.00M YoY-125.0%
Net change in cash	235M YoY+263.2%	-144M YoY+52.6%	-304M YoY+70.9%	-1.04B YoY-423.9%	322M YoY+179.1%	-407M YoY+73.7%
Interest paid	367M YoY-7.3%	396M YoY+34.7%	294M YoY+20.0%	245M YoY-13.4%	283M YoY-23.9%	372M YoY-13.7%
Income taxes paid	789M YoY-14.2%	920M YoY+419.8%	177M YoY-58.2%	423M YoY+21.6%	348M YoY+2.1%	341M YoY-9.5%
Valuation Ratios	as ofJun 27 ’25	as ofJun 28 ’24	as ofJun 30 ’23	as ofJul 1 ’22	as ofJul 2 ’21	as ofJul 3 ’20
Market cap	22.1B YoY+18.1%	18.7B YoY+103.9%	9.17B YoY-10.8%	10.3B YoY-36.8%	16.3B YoY+69.2%	9.61B YoY-8.7%
P/E	11.7×	—	—	6.6× YoY-66.4%	19.8×	—
P/S	2.3× YoY-21.7%	3.0× YoY+101.9%	1.5× YoY+168.1%	0.5× YoY-43.1%	1.0× YoY+61.2%	0.6× YoY-6.2%
P/B	4.2× YoY+140.5%	1.7× YoY+106.6%	0.8× YoY+0.3%	0.8× YoY-44.6%	1.5× YoY+45.1%	1.0× YoY-1.8%
P/FCF	17.3×	—	—	13.6× YoY-37.3%	21.6× YoY-47.0%	40.8× YoY+160.0%
Earnings yield	8.6%	—	—	15.0% YoY+198.0%	5.0%	—
FCF yield	5.8%	—	—	7.4% YoY+59.5%	4.6% YoY+88.7%	2.5% YoY-61.5%
Dividend yield	0.2%	—	—	0.0%	0.0% YoY-100.0%	4.7% YoY-16.0%
Source filing	10-K	10-K	10-K	10-K	10-K	10-K

About this data

Source: WDC's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all WDC filings on SEC EDGAR → Not investment advice.

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financial statements