SanDisk 2014 Annual Report Download - page 4
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21APR201515514423
Operating & Free Cash Flow
Revenue
GAAP & Non-GAAP Operating Margin
Revenue Mix
$ in Millions
$4,826
$5,662
$5,053
$6,170
$6,628
$0
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
2010 2011 2012 2013 2014
1% 3% 9%
19%
29%
16%
25%
24%
27%
23%
69%
58% 53%
43% 38%
14% 14% 14% 11% 11%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2010 2011 2012 2013 2014
SSD Embedded Removable Other
% of Revenue
Other includes revenue from wafers, components, accessories and license and royalty
Percentages may not add to 100% due to rounding
30%
27%
14%
25% 24%
32%
29%
16%
29% 28%
0%
5%
10%
15%
20%
25%
30%
35%
2010 2011 2012 2013 2014
GAAP Operating Margin Non-GAAP Operating Margin
% of Revenue
Non-GAAP operating margin excludes share-based compensation expense, acquisition-related amortization
and impairments, and purchase accounting adjustments. Non-GAAP to GAAP reconciliation can be found on
Annex A of the proxy statement.
$1,452
$1,054
$530
$1,864
$1,698
$1,344
$795
$361
$1,726
$1,491
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
$1,800
$2,000
2010 2011 2012 2013 2014
Cash Flow from Operations Free Cash Flow
$ in Millions
Free Cash Flow is defined as net cash provided by operating activities less (a) acquisition of property and
equipment, net, and (b) net investment and notes receivable activity with Flash Ventures.