Western Historical Income Statement
| WDC Stock | USD 71.50 1.52 2.08% |
Historical analysis of Western Digital income statement accounts such as Depreciation And Amortization of 572.3 M, Total Revenue of 8.1 B, Gross Profit of 2 B or Other Operating Expenses of 7.5 B can show how well Western Digital performed in making a profits. Evaluating Western Digital income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Western Digital's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Western Digital latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Western Digital is a good buy for the upcoming year.
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About Western Income Statement Analysis
Western Digital Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Western Digital shareholders. The income statement also shows Western investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Western Digital Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Western Digital generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Western Digital minus its cost of goods sold. It is profit before Western Digital operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Western Digital. It is also known as Western Digital overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on Western Digital income statement and represents the costs associated with goods and services Western Digital provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most accounts from Western Digital's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Western Digital current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Digital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. For information on how to trade Western Stock refer to our How to Trade Western Stock guide.At present, Western Digital's Total Operating Expenses is projected to increase significantly based on the last few years of reporting. The current year's Interest Expense is expected to grow to about 437.9 M, whereas Total Revenue is forecasted to decline to about 8.1 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 18.8B | 12.3B | 13.0B | 8.1B | Depreciation And Amortization | 929M | 828M | 568M | 572.3M |
Western Digital income statement Correlations
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Western Digital Account Relationship Matchups
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Western Digital income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 1.6B | 1.2B | 929M | 828M | 568M | 572.3M | |
| Total Revenue | 16.7B | 16.9B | 18.8B | 12.3B | 13.0B | 8.1B | |
| Gross Profit | 3.8B | 4.5B | 5.9B | 1.9B | 2.9B | 2.0B | |
| Other Operating Expenses | 16.4B | 15.7B | 16.4B | 13.4B | 13.3B | 7.5B | |
| Operating Income | 335M | 1.2B | 2.4B | (1.3B) | (317M) | (301.2M) | |
| Ebit | 335M | 1.1B | 2.7B | (1.2B) | (244M) | (231.8M) | |
| Ebitda | 1.9B | 2.3B | 3.6B | (400M) | 324M | 307.8M | |
| Cost Of Revenue | 13.0B | 12.4B | 12.9B | 10.4B | 10.1B | 6.1B | |
| Total Operating Expenses | 3.4B | 3.3B | 3.4B | 3.0B | 3.3B | 3.4B | |
| Income Before Tax | (46M) | 927M | 2.1B | (1.6B) | (661M) | (628.0M) | |
| Total Other Income Expense Net | (381M) | (293M) | (268M) | (265M) | (344M) | (326.8M) | |
| Net Income | (250M) | 821M | 1.5B | (1.7B) | (798M) | (758.1M) | |
| Income Tax Expense | 204M | 106M | 623M | 146M | 137M | 127.3M | |
| Interest Expense | 381M | 293M | 268M | 275M | 417M | 437.9M | |
| Selling General Administrative | 1.1B | 1.0B | 1.0B | 901M | 756M | 553.2M | |
| Research Development | 2.3B | 2.2B | 2.3B | 2.0B | 1.9B | 1.1B | |
| Selling And Marketing Expenses | 93M | 84M | 88M | 69M | 56M | 49.6M | |
| Net Income Applicable To Common Shares | (250M) | 821M | 1.5B | (1.7B) | (1.6B) | (1.5B) | |
| Net Income From Continuing Ops | (250M) | 821M | 1.5B | (1.7B) | (798M) | (758.1M) | |
| Tax Provision | 204M | 106M | 623M | 146M | 137M | 130.2M | |
| Interest Income | 28M | 7M | 6M | 24M | 39M | 24.6M | |
| Net Interest Income | (385M) | (293M) | (268M) | (275M) | (378M) | (396.9M) | |
| Reconciled Depreciation | 1.6B | 1.2B | 929M | 828M | 568M | 1.1B |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Western Digital offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Western Digital's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Western Digital Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Western Digital Stock:Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Digital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. For information on how to trade Western Stock refer to our How to Trade Western Stock guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Is Technology Hardware, Storage & Peripherals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Western Digital. If investors know Western will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Western Digital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.96) | Earnings Share 0.91 | Revenue Per Share 43.315 | Quarterly Revenue Growth (0.41) | Return On Assets 0.0404 |
The market value of Western Digital is measured differently than its book value, which is the value of Western that is recorded on the company's balance sheet. Investors also form their own opinion of Western Digital's value that differs from its market value or its book value, called intrinsic value, which is Western Digital's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Western Digital's market value can be influenced by many factors that don't directly affect Western Digital's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Western Digital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Western Digital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Western Digital's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.