Seagate 2015 Annual Report Download - page 46
Download and view the complete annual report
Please find page 46 of the 2015 Seagate annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.TableofContents
ITEM7.MANAGEMENT'SDISCUSSIONANDANALYSISOFFINANCIALCONDITIONANDRESULTSOFOPERATIONS
ThefollowingisadiscussionoftheCompany'sfinancialcondition,changesinfinancialconditionandresultsofoperationsforthefiscalyearsended,July1,
2016,July3,2015andJune27,2014.
Youshouldreadthisdiscussioninconjunctionwith"Item6.SelectedFinancialData"and"Item8.FinancialStatementsandSupplementaryData"included
elsewhereinthisAnnualReportonForm10-K.Exceptasnoted,referencestoanyfiscalyearmeanthetwelve-monthperiodendingontheFridayclosestto
June30ofthatyear.Accordingly,fiscalyear2016comprised52weeksandendedonJuly1,2016.Fiscalyear2015comprised53weeksandendedonJuly3,
2015.Fiscalyear2014comprised52weeksandendedonJune27,2014.Fiscalyear2017willbe52weeksandwillendonJune30,2017.
SomeofthestatementsandassumptionsincludedinthisAnnualReportonForm10-Kareforward-lookingstatementswithinthemeaningofSection27Aof
theSecuritiesActof1933orSection21EoftheSecuritiesExchangeActof1934,eachasamended,including,inparticular,statementsaboutourplans,strategies
andprospectsandestimatesofindustrygrowthforthefiscalquarterendingSeptember30,2016andthefiscalyearendingJune30,2017andbeyond.These
statementsidentifyprospectiveinformationandmayincludewordssuchas"expects,""intends,""plans,""anticipates,""believes,""estimates,""predicts,"
"projects"andsimilarexpressions.Theseforward-lookingstatementsarebasedoninformationavailabletotheCompanyasofthedateofthisAnnualReporton
Form10-Kandarebasedonmanagement'scurrentviewsandassumptions.Theseforward-lookingstatementsareconditioneduponandalsoinvolveanumberof
knownandunknownrisks,uncertaintiesandotherfactorsthatcouldcauseactualresults,performanceoreventstodiffermateriallyfromthoseanticipatedby
theseforward-lookingstatements.Suchrisks,uncertaintiesandotherfactorsmaybebeyondourcontrolandmayposearisktoouroperatingandfinancial
condition.Suchrisksanduncertaintiesinclude,butarenotlimitedto:uncertaintyinglobaleconomicconditions,theimpactofthevariabledemandandadverse
pricingenvironmentfordiskdrives,particularlyinviewofcurrentbusinessandeconomicconditions;ourabilitytosuccessfullyqualify,manufactureandsellour
diskdriveproductsinincreasingvolumesonacost-effectivebasisandwithacceptablequality,particularlythenewdiskdriveproductswithlowercoststructures;
theimpactofcompetitiveproductannouncements;ourabilitytoachieveprojectedcostsavingsinconnectionwithrestructuringplans;possibleexcessindustry
supplywithrespecttoparticulardiskdriveproducts;disruptionstooursupplychainorproductioncapabilities;unexpectedadvancesincompetingtechnologies;
thedevelopmentandintroductionofproductsbasedonnewtechnologiesandexpansionintonewdatastoragemarkets;currencyfluctuationsthatmayimpactthe
Company'smarginsandinternationalsales;cyber-attacksorotherdatabreachesthatdisruptitsoperationsorresultsinthedisseminationofproprietaryor
confidentialinformation;andfluctuationsininterestrates.Informationconcerningrisks,uncertaintiesandotherfactorsthatcouldcauseresultstodiffer
materiallyfromthoseprojectedinsuchforward-lookingstatementsisalsosetforthin"Item1A.RiskFactors"ofthisAnnualReportonForm10-K,whichwe
encourageyoutocarefullyread.Theseforward-lookingstatementsshouldnotberelieduponasrepresentingourviewsasofanysubsequentdateandwe
undertakenoobligationtoupdateforward-lookingstatementstoreflecteventsorcircumstancesafterthedatetheyweremade.Thefollowingisadiscussionofthe
financialconditionandresultsofoperationsforthefiscalyearsendedJuly1,2016,July3,2015andJune27,2014.
OurManagement'sDiscussionandAnalysisofFinancialConditionandResultsofOperations("MD&A")isprovidedinadditiontotheaccompanying
consolidatedfinancialstatementsandnotestoassistreadersinunderstandingourresultsofoperations,financialcondition,andcashflows.MD&Aisorganizedas
follows:
•OurCompany.Discussionofourbusiness.
•BusinessOverview.Discussionofindustrytrendsandtheirimpactonourbusiness.
•FiscalYear2016Summary.Overviewoffinancialandotherhighlightsaffectingusforfiscalyear2016.
43