Western Digital Corp.
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $20.65B | $19.09B | $12.99B | $14.57B | $15.13B | $15.35B | $12.48B | $9.53B |
| Cost of Revenue | $12.94B | $13.02B | $9.56B | $10.35B | $10.77B | $10.99B | $8.84B | $7.74B |
| Gross Profit | $7.71B | $6.07B | $3.44B | $4.22B | $4.36B | $4.36B | $3.64B | $1.79B |
| Gross Margin | 37.3% | 31.8% | 26.4% | 29.0% | 28.8% | 28.4% | 29.2% | 18.8% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $1.47B | $1.45B | $997.0M | $788.0M | $813.0M | $706.0M | $518.0M | $282.0M |
| Operating Income | $3.62B | $1.95B | $466.0M | $1.61B | $1.79B | $1.27B | $1.77B | $781.0M |
| Operating Margin | 17.5% | 10.2% | 3.6% | 11.1% | 11.8% | 8.2% | 14.2% | 8.2% |
| Interest Expense | $676.0M | $847.0M | $266.0M | $49.0M | $56.0M | — | — | — |
| Pretax Income | $2.09B | $769.0M | $153.0M | $1.58B | $1.75B | $1.22B | $1.76B | $780.0M |
| Income Tax Expense | $1.41B | $372.0M | $-89.0M | $112.0M | $135.0M | $242.0M | $145.0M | $54.0M |
| Net Income | $675.0M | $397.0M | $242.0M | $1.47B | $1.62B | $980.0M | $1.61B | $726.0M |
| Net Margin | 3.3% | 2.1% | 1.9% | 10.1% | 10.7% | 6.4% | 12.9% | 7.6% |
| EPS (Basic) | $2.27 | $1.38 | $1.01 | $6.31 | $6.88 | $4.07 | $6.69 | $3.14 |
| EPS (Diluted) | $2.20 | $1.34 | $1.00 | $6.18 | $6.68 | $3.98 | $6.58 | $3.09 |
| Shares Outstanding (Basic) | 297.0M | 288.0M | 239.0M | 232.0M | 235.0M | 241.0M | 241.0M | 231.0M |
| Shares Outstanding (Diluted) | 307.0M | 296.0M | 242.0M | 237.0M | 242.0M | 246.0M | 245.0M | 235.0M |
| Dividends Per Share | $2.00 | $2.00 | $2.00 | $1.80 | $1.25 | — | — | — |