Western Digital 1999 Annual Report Download - page 42

Download and view the complete annual report

Please find page 42 of the 1999 Western Digital 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.

Page out of 68

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68

Bowne Conversion 37
WESTERN DIGITAL CORPORATION
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (DEFICIENCY)
(in thousands)
Total
Retained Accumulat
ed
Total Compre-
Additional Earnings Compre- Shareholder
s'
hensive
Common Stock Treasury Stock Paid-in (Accumulate
d
hensive Equity Income
Shares Amount Shares Amount Capital Deficit) Loss (Deficiency) (Loss)
Balance at June 29, 1996...... 101,332 $1,013 (14,190) $(121,417) $353,826 $220,470 $—$453,892
Common stock repurchase
program.................................. — — (5,172) (135,506) (9,068) — — (144,574)
Exercise of stock options.......... — — 2,790 22,087 (8,350) — — 13,737
ESPP shares issued.................... — — 1,136 9,090 37 — — 9,127
Income tax benefit from
stock options exercised........... — — — — 20,209 — — 20,209
Net income............................... 267,596 267,596 $ 267,596
Balance at June 28, 1997...... 101,332 1,013 (15,436) (225,746) 356,654 488,066 —619,987
Common stock repurchase
program.................................. — — — — (35,828) — — (35,828)
ESPP shares issued.................... — — 1,231 9,506 3,178 — — 12,684
Exercise of stock options.......... — — 1,166 8,892 (99) — — 8,793
Income tax benefit from
stock options exercised........... — — — — 2,339 — — 2,339
Net loss..................................... (290,217) (290,217)$ (290,217)
Balance at June 27, 1998...... 101,332 1,013 (13,039) (207,348) 326,244 197,849 —317,758
ESPP shares issued.................... — — 1,002 8,222 1,632 — — 9,854
Exercise of stock options and
other....................................... — — 740 6,084 (590) — — 5,494
Shares issued in connection
with Crag Acquisition.............. 576 6 — — 7,911 — — 7,917
Net loss..................................... — — — — — (492,690) —(492,690) (492,690)
Unrealized loss on investment
securities................................. — — — — — — (2,123) (2,123) (2,123)
Balance at July 3, 1999......... 101,908 $ 1,019 (11,297)$ (193,042)$ 335,197 $ (294,841)$ (2,123)$ (153,790)$ (494,813)
See notes to consolidated financial statements.