SanDisk 2013 Annual Report Download - page 4
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18APR201414135539
Operating & Free Cash Flow
$488
$1,452
$1,054
$530
$1,864
$450
$1,344
$795
$360
$1,726
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
$1,800
$2,000
2009 2010 2011 2012 2013
Free Cash Flow equals Cash Flow from Operations less Acquisition of Property and Equipment and
Other includes revenue from License & Royalty, Wafers, Components and Accessories
Net Investin
g
Activity in Flash Ventures.
Cash Flow from Operations Free Cash Flow
$ in Millions
2009 2010 2011 2012 2013
Revenue Mix
5% 1%
16%
25%
24%
19%
78%
69%
27%
1% 3% 9%
58% 53%
43%
16% 14% 14% 14% 11%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
% of Revenue
SSD Embedded Removable Other
Revenue
$ in Millions
$3,567
$4,827
$5,662
$5,053
$6,170
$0
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
2009 2010 2011 2012 2013
15%
18%
30%
32%
27%
29%
14%
16%
25%
29%
0%
5%
10%
15%
20%
25%
30%
35%
% of Revenue
GAAP & Non-GAAP Operating Margin
GAAP Operating Margin Non-GAAP Operating Margin
Non-GAAP operating margin excludes share-based compensation expense, acquisition-related
amortization and impairments, and purchase accountin
g
adjustments.
2009 2010 2011 2012 2013