Western Digital 1995 Annual Report Download - page 30

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    .
Repurchase of Common Stock
During the year ended July 1, 1995, the Company repurchased 805,000 shares of
its common stock in the open market at a cost of $10.8 million.
N 8‒ B S  I O
Western Digital operates in one industry segment—the design, manufacture and
marketing of hard drives, integrated circuits and board-level products to the per-
sonal computer industry. During 1995, one customer accounted for 11% of the
Company’s revenues. During 1994 and 1993, two customers accounted for 24%
of the Company’s revenues.
The Company’s operations outside the United States include manufacturing
facilities in Singapore and Malaysia as well as sales offices throughout the world.
The following table summarizes operations by entities located within the
indicated geographic areas for the past three years. United States revenues to unaf-
filiated customers include export sales, principally to Asia, of $399.2, $300.0 and
$237.7 million in 1995, 1994, and 1993, respectively.
Transfers between geographic areas are accounted for at prices comparable
to normal sales through outside distributors. General and corporate expenses of
$49.6, $43.6 and $32.7 million in 1995, 1994 and 1993, respectively, have been
excluded in determining operating income (loss) by geographic region.
United
(in millions) States Europe Asia Eliminations Total
Year ended July 1, 1995
Sales to unaffiliated customers $1,596 $ 485 $ 50 $ — $ 2,131
Transfers between geographic
areas 139 57 1,216 (1,412) —
Revenues, net $1,735 $ 542 $ 1,266 $ (1,412) $ 2,131
Operating income (loss) $ 64 $ 6 $ 117 $ (4) $ 183
Identifiable assets $ 597 $ 78 $ 185 $ (1) $ 859
Year ended June 30, 1994
Sales to unaffiliated customers $1,171 $ 321 $ 48 $ — $ 1,540
Transfers between geographic
areas 50 28 874 (952) —
Revenues, net $1,221 $ 349 $ 922 $ (952) $ 1,540
Operating income (loss) $ 24 $ 6 $ 108 $ (3) $ 135
Identifiable assets $ 430 $ 61 $ 150 $ — $ 641
Year ended June 30, 1993
Sales to unaffiliated customers $ 924 $ 274 $ 27 $ — $ 1,225
Transfers between geographic
areas 41 21 793 (855) —
Revenues, net $ 965 $ 295 $ 820 $ (855) $ 1,225
Operating income (loss) $ (16 ) $ 7 $ 38 $ (6) $ 23
Identifiable assets $ 336 $ 42 $ 154 $ (1) $ 531