Western Digital Corporation · NASDAQ:WDC
Western Digital — Investor Presentation (May 2016)
5 slides from Western Digital's investor presentation, May 26, 2016
Slide 1: Quarterly financial results and non-GAAP results
Amounts in millions, except per share amounts, ASP, percentages1 Q4 FY12 Q1 FY13 Q2 FY13 Q3 FY13 Q4 FY13 Q1 FY14 Q2 FY14 Q3 FY14 Q4 FY14 Q1 FY15 Q2 FY15 Q3 FY15 Q4 FY15 Q1 FY16 Q2 FY16 Q3 FY169 TAM 156.7 139.1 135.8 135.9 133.3 140.2 142.2 138.1 138.0 147.3 140.8 125.0 111.0 118.7 115.1 99.8 HDD Sha
Slide 2: Balance sheet, cash flows, dividends and share repurchases
Balance sheet, cash flows, earnings, dividends and share repurchase amounts in millions Q4 FY12 Q1 FY13 Q2 FY13 Q3 FY13 Q4 FY13 Q1 FY14 Q2 FY14 Q3 FY14 Q4 FY14 Q1 FY15 Q2 FY15 Q3 FY15 Q4 FY15 Q1 FY16 Q2 FY16 Q3 FY16 Cash and Cash Equivalents $3,208 $3,537 $3,816 $4,060 $4,309 $4,869 $4,655 $4,569 $4
Slide 3: Other Key Financial Disclosures: Debt Tranches and Interest Rates
Other Key Financial Disclosures Debt Tranches and Interest Rates Debt Duration Maturity Amount ($M) Indicative Rates bps* Revolver drawn ** 5 years $0 L+200 Cash Bridge on/before end of CY16 Q3 $3,000 L+200 Term Loan A (floor of 0bps) 5 years April 29, 2021 $4,125 L+200 Term Loan B Dollar (floor of
Slide 4: Reconciliation of cash flows to free cash flow and net income to EBITDA
In millions, except gross margin and per share amounts Q4 FY12 Q1 FY13 Q2 FY13 Q3 FY13 Q4 FY13 Q1 FY14 Q2 FY14 Q3 FY14 Q4 FY14 Q1 FY15 Q2 FY15 Q3 FY15 Q4 FY15 Q1 FY16 Q2 FY16 Q3 FY16 Reconciliation of Cash Flows from Operations to Free Cash Flow Cash Flows from Operations $1,128 $936 $772 $727 $684
Slide 5: Reconciliation of operating income to R4Q economic profit
In millions Q1 FY12 Q2 FY12 Q3 FY12 Q4 FY12 Q1 FY13 Q2 FY13 Q3 FY13 Q4 FY13 Q1 FY14 Q2 FY14 Q3 FY14 Q4 FY14 Q1 FY15 Q2 FY15 Q3 FY15 Q4 FY15 Q1 FY16 Q2 FY16 Q3 FY16 Reconciliation of Operating Income (Loss) to R4Q Economic Profit Operating Income (Loss) $259 $162 $542 $808 $592 $478 $417 $(221) $542