Western Digital Corporation
Cash Flow Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $9.42B | $1.89B | $-798.0M | $-1.68B | $1.55B | $821.0M | $-250.0M | $-754.0M |
| Depreciation & Amortization | $375.0M | $451.0M | $568.0M | $828.0M | $929.0M | $1.21B | $1.57B | $1.81B |
| Depreciation | $372.0M | $334.0M | $347.0M | $389.0M | $708.0M | $726.0M | $797.0M | $844.0M |
| Amortization | — | — | $3.0M | $133.0M | $221.0M | $486.0M | $769.0M | $968.0M |
| Stock-Based Compensation | $204.0M | $265.0M | $295.0M | $318.0M | $326.0M | $318.0M | $308.0M | $306.0M |
| Net Cash from Operating Activities | $3.93B | $1.69B | $-294.0M | $-408.0M | $1.88B | $1.90B | $824.0M | $1.55B |
| Investing Activities | ||||||||
| Capital Expenditures | $418.0M | $412.0M | $487.0M | $821.0M | $1.12B | $1.15B | $647.0M | $876.0M |
| Business Acquisitions | — | — | — | — | $0 | $0 | $22.0M | $0 |
| Net Cash from Investing Activities | $-429.0M | $150.0M | $-27.0M | $-762.0M | $-1.19B | $-765.0M | $278.0M | $-1.27B |
| Financing Activities | ||||||||
| Dividends Paid | $174.0M | $44.0M | $0 | $0 | $0 | $0 | $595.0M | $584.0M |
| Stock Repurchases | $2.59B | $149.0M | $0 | $0 | — | $0 | $0 | $563.0M |
| Net Cash from Financing Activities | $-4.03B | $-1.61B | $187.0M | $875.0M | $-1.72B | $-817.0M | $-1.51B | $-1.83B |
| Net Change in Cash | $-535.0M | $235.0M | $-144.0M | $-304.0M | $-1.04B | $322.0M | $-407.0M | $-1.55B |
| Free Cash Flow | $3.51B | $1.28B | $-781.0M | $-1.23B | $758.0M | $752.0M | $177.0M | $671.0M |