Western Digital Corporation (WDC) quarterly cash flow statement — complete operating, investing & financing history
Western Digital Corporation (WDC) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 |
|---|
| Cash from Operations | 1.1B | 1.12B | 745M | 672M | 746M | 508M | 403M | 34M | 366M | 58M | -92M | -626M | -68M | -381M | 35M | 6M | 295M | 398M | 666M | 521M |
| Operating CF Margin % | 29.33% | 33.65% | 24.69% | 23.85% | 28.64% | 22.14% | 9.4% | 1.54% | 18.26% | 3.31% | -3.03% | -22.76% | -2.54% | -13.59% | 1.13% | 0.16% | 6.51% | 9.08% | 13.78% | 10.31% |
| Operating CF Growth % | 47.32% | 121.06% | 84.86% | 1876.47% | 103.83% | 775.86% | 538.04% | 105.43% | 638.24% | 115.22% | -362.86% | -10533.33% | -123.05% | -195.73% | -94.74% | -98.85% | -70.32% | 243.1% | 56.71% | 43.53% |
| Net Income | 3.19B | 3.21B | 1.84B | 1.18B | 282M | 520M | 594M | 493M | 39M | 135M | -287M | -685M | -715M | -571M | -431M | 27M | 301M | 25M | 564M | 610M |
| Depreciation & Amortization | 99M | 96M | 92M | 88M | 86M | 110M | 120M | 135M | 138M | 140M | 143M | 147M | 185M | 213M | 214M | 216M | 221M | 216M | 242M | 250M |
| Stock-Based Compensation | 45M | 53M | 53M | 53M | 45M | 59M | 77M | 84M | 69M | 77M | 72M | 77M | 72M | 74M | 86M | 86M | 77M | 86M | 87M | 76M |
| Deferred Taxes | -2M | 47M | 29M | 55M | -63M | -708M | -28M | 54M | -41M | -52M | -22M | -46M | -68M | 9M | 63M | -42M | 73M | 3M | 11M | 27M |
| Other Non-Cash Items | -1.95B | -2.19B | -1.09B | -607M | 276M | 637M | -72M | 21M | 63M | 61M | -28M | 13M | 70M | -65M | 29M | 48M | 24M | 27M | 37M | -2M |
| Working Capital Changes | -290M | -93M | -176M | -99M | 120M | -110M | -288M | -753M | 98M | -303M | 30M | -132M | 388M | -41M | 74M | -329M | -401M | 41M | -275M | -440M |
| Change in Receivables | -133M | -209M | -330M | 131M | -17M | 527M | -139M | -292M | -366M | -277M | -72M | 147M | -7M | 314M | 517M | 382M | -450M | 390M | -298M | -188M |
| Change in Inventory | -154M | -9M | 46M | -101M | 20M | -317M | -36M | -76M | -127M | 1M | 281M | 201M | 281M | -206M | 89M | -224M | 23M | -15M | -103M | 73M |
| Change in Payables | 96M | 70M | -29M | 248M | -34M | 114M | -67M | 255M | 36M | -29M | 248M | 10M | 9M | -24M | -322M | -150M | -105M | -189M | 148M | -61M |
| Cash from Investing | -111M | -145M | -116M | -57M | -70M | 142M | 123M | -45M | -58M | 7M | -60M | 84M | -142M | -138M | -258M | -224M | -370M | -253M | -257M | -312M |
| Capital Expenditures | -108M | -145M | -92M | -73M | -71M | -129M | -116M | -96M | -116M | -97M | -150M | -124M | -119M | -124M | -258M | -320M | -280M | -291M | -306M | -245M |
| CapEx % of Revenue | 2.88% | 4.35% | 3.05% | 2.59% | 2.73% | 5.62% | 2.71% | 4.34% | 5.79% | 5.54% | 4.95% | 4.51% | 4.45% | 4.42% | 8.3% | 8.57% | 6.18% | 6.64% | 6.33% | 4.85% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 210M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7M | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -3M | 0 | -24M | 16M | 1M | 61M | 239M | 51M | 58M | 104M | 90M | 208M | -23M | -14M | -7M | 99M | -80M | 38M | 49M | -52M |
| Cash from Financing | -2.42B | -902M | -703M | -678M | -2.04B | 533M | -1M | -102M | -319M | -645M | 597M | 554M | 19M | 868M | 38M | -50M | -95M | -167M | -1.17B | -289M |
| Debt Issued (Net) | -876M | -5M | -32M | -31M | -1.84B | 1.97B | -37M | -38M | -337M | -629M | 757M | 600M | -13M | -1M | -5M | 0 | -150M | -150M | -1.21B | -213M |
| Equity Issued (Net) | -672M | -752M | -583M | -553M | -141M | 17M | 52M | -64M | 45M | -16M | 38M | -3M | 43M | 883M | 48M | -50M | -30M | 2M | 58M | 2M |
| Dividends Paid | -54M | -43M | -48M | -39M | -44M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -672M | -752M | -615M | -553M | -149M | 0 | 0 | -64M | 5M | -16M | -2M | -3M | 0 | 0 | 0 | -50M | 0 | 0 | 0 | 0 |
| Other Financing | -819M | -102M | -40M | -55M | -20M | -1.45B | -16M | 0 | -27M | 0 | -198M | -43M | -11M | -14M | -5M | 0 | 85M | -19M | -11M | -78M |
| Net Change in Cash | -1.43B | 75M | -73M | -66M | -1.36B | 1.19B | 586M | 154M | -343M | -587M | 449M | 9M | -197M | 349M | -178M | -278M | -178M | -26M | -759M | -80M |
| Free Cash Flow | 991M | 978M | 653M | 599M | 675M | 379M | 287M | -62M | 250M | -39M | -242M | -750M | -187M | -491M | -223M | -314M | 17M | 108M | 372M | 276M |
| FCF Margin % | 26.45% | 29.31% | 21.64% | 21.26% | 25.91% | 16.52% | 6.7% | -2.8% | 12.47% | -2.23% | -7.98% | -27.27% | -7% | -17.52% | -7.18% | -8.4% | 0.38% | 2.47% | 7.7% | 5.46% |
| FCF Growth % | 46.81% | 158.05% | 127.53% | 1066.13% | 170% | 1071.79% | 218.59% | 91.73% | 233.69% | 92.06% | -8.52% | -138.85% | -1200% | -554.63% | -159.95% | -213.77% | -97.54% | 334.78% | 70.64% | 736.36% |
| FCF per Share | 2.64 | 2.60 | 1.74 | 1.59 | 1.86 | 1.06 | 0.80 | -0.17 | 0.72 | -0.12 | -0.74 | -2.32 | -0.58 | -1.54 | -0.70 | -0.98 | 0.05 | 0.34 | 1.18 | 0.87 |
| FCF Conversion (FCF/Net Income) | 0.34x | 0.35x | 0.40x | 0.57x | 2.90x | 0.97x | 0.68x | 0.07x | 9.38x | 0.46x | 0.32x | 0.91x | 0.10x | 0.67x | -0.08x | 0.22x | 0.98x | 15.92x | 1.18x | 0.85x |
| Interest Paid | 0 | 40M | 54M | 50M | 72M | 118M | 62M | 115M | 75M | 139M | 55M | 127M | 42M | 114M | 32M | 106M | 24M | 92M | 30M | 99M |
| Taxes Paid | 0 | 112M | 78M | 446M | -762M | 89M | 194M | 479M | 46M | 83M | 246M | 545M | -4M | -11M | 58M | 134M | 47M | 64M | 91M | 221M |