$STX
Seagate Technology Holdings plc

2022 Q4 Form 10-Q Financial Statement

#000113778922000123 Filed on October 27, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $1.887B $2.628B
YoY Change -39.44% -12.78%
Cost Of Revenue $1.641B $1.869B
YoY Change -24.31% -12.17%
Gross Profit $246.0M $759.0M
YoY Change -74.05% -14.24%
Gross Profit Margin 13.04% 28.88%
Selling, General & Admin $125.0M $149.0M
YoY Change -8.09% 9.56%
% of Gross Profit 50.81% 19.63%
Research & Development $200.0M $247.0M
YoY Change -12.28% 6.47%
% of Gross Profit 81.3% 32.54%
Depreciation & Amortization $148.0M $127.0M
YoY Change 42.31% 23.3%
% of Gross Profit 60.16% 16.73%
Operating Expenses $325.0M $398.0M
YoY Change -10.71% 7.28%
Operating Profit -$160.0M $361.0M
YoY Change -127.59% -29.77%
Interest Expense $77.00M -$64.00M
YoY Change 24.19% 8.47%
% of Operating Profit -17.73%
Other Income/Expense, Net $122.0M -$15.00M
YoY Change -284.85% -130.61%
Pretax Income -$38.00M $281.0M
YoY Change -107.39% -43.46%
Income Tax -$5.000M $5.000M
% Of Pretax Income 1.78%
Net Earnings -$33.00M $276.0M
YoY Change -106.59% -42.74%
Net Earnings / Revenue -1.75% 10.5%
Basic Earnings Per Share -$0.16 $0.14
Diluted Earnings Per Share -$0.16 $1.272M
COMMON SHARES
Basic Shares Outstanding 206.5M shares 208.8M shares
Diluted Shares Outstanding 206.0M shares 210.0M shares

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $770.0M $615.0M
YoY Change -22.3% -49.13%
Cash & Equivalents $770.0M $615.0M
Short-Term Investments
Other Short-Term Assets $277.0M $321.0M
YoY Change 20.96% 54.33%
Inventory $1.194B $1.565B
Prepaid Expenses
Receivables $840.0M $1.532B
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.081B $4.033B
YoY Change -30.76% 6.72%
LONG-TERM ASSETS
Property, Plant & Equipment $2.122B $2.239B
YoY Change -4.24% 2.66%
Goodwill $1.237B $1.237B
YoY Change 0.0% 0.0%
Intangibles $3.000M $9.000M
YoY Change -84.21% -68.97%
Long-Term Investments $57.00M $61.00M
YoY Change -29.63% -21.79%
Other Assets $289.0M $294.0M
YoY Change -11.62% -11.45%
Total Long-Term Assets $4.786B $4.911B
YoY Change -2.82% 0.31%
TOTAL ASSETS
Total Short-Term Assets $3.081B $4.033B
Total Long-Term Assets $4.786B $4.911B
Total Assets $7.867B $8.944B
YoY Change -16.09% 3.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.085B $2.058B
YoY Change -40.12% 19.3%
Accrued Expenses $829.0M $596.0M
YoY Change 26.56% -1.97%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $636.0M $584.0M
YoY Change 170.64% 138.37%
Total Short-Term Liabilities $2.725B $3.555B
YoY Change -8.92% 21.7%
LONG-TERM LIABILITIES
Long-Term Debt $5.393B $5.062B
YoY Change -4.14% 3.43%
Other Long-Term Liabilities $134.0M $135.0M
YoY Change -10.07% -12.34%
Total Long-Term Liabilities $5.527B $5.197B
YoY Change -4.29% 2.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.725B $3.555B
Total Long-Term Liabilities $5.527B $5.197B
Total Liabilities $8.337B $8.835B
YoY Change -5.79% 9.83%
SHAREHOLDERS EQUITY
Retained Earnings -$7.850B -$7.117B
YoY Change 20.16% 12.88%
Common Stock $7.190B
YoY Change 3.05%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$470.0M $109.0M
YoY Change
Total Liabilities & Shareholders Equity $7.867B $8.944B
YoY Change -16.09% 3.1%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income -$33.00M $276.0M
YoY Change -106.59% -42.74%
Depreciation, Depletion And Amortization $148.0M $127.0M
YoY Change 42.31% 23.3%
Cash From Operating Activities $251.0M $180.0M
YoY Change -49.4% -62.34%
INVESTING ACTIVITIES
Capital Expenditures -$79.00M -$72.00M
YoY Change -167.52% -41.94%
Acquisitions
YoY Change
Other Investing Activities $2.000M $13.00M
YoY Change -166.67% -27.78%
Cash From Investing Activities -$77.00M -$59.00M
YoY Change -35.83% -44.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $0.00
YoY Change
Cash From Financing Activities -165.0M -644.0M
YoY Change -72.22% 71.73%
NET CHANGE
Cash From Operating Activities 251.0M 180.0M
Cash From Investing Activities -77.00M -59.00M
Cash From Financing Activities -165.0M -644.0M
Net Change In Cash 9.000M -523.0M
YoY Change -104.13% 17333.33%
FREE CASH FLOW
Cash From Operating Activities $251.0M $180.0M
Capital Expenditures -$79.00M -$72.00M
Free Cash Flow $330.0M $252.0M
YoY Change -12.93% -58.14%

Facts In Submission

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CY2022Q3 us-gaap Equity Method Investments
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CY2022Q3 us-gaap Common Stock Voting Rights
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CY2022Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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CY2022Q3 us-gaap Net Income Loss
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CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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