Western Digital 2001 Annual Report Download - page 26

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PART II
Item 5. Market for Registrant's Common Equity and Related Stockholder Matters
Western Digital's common stock is listed on the New York Stock Exchange (""NYSE'') under the
symbol ""WDC.'' The approximate number of holders of record of common stock of the Company as of
August 24, 2001 was 3,504.
On April 6, 2001, Western Digital Corporation adopted a holding company organizational structure. In
connection with the establishment of the holding company, each share of Western Digital Technologies, Inc.
(f/k/a Western Digital Corporation) was converted on a share for share basis, into a share of Western Digital
Corporation.
The Company has not paid any cash dividends on its common stock and does not intend to pay any cash
dividends on common stock in the foreseeable future.
The high and low sales prices of the Company's common stock, as reported by the NYSE, for each
quarter of 2000 and 2001 are as follows:
First Second Third Fourth
2000
High ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $7.56 $4.50 $8.81 $7.88
Low ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 3.50 2.75 3.94 3.94
2001
High ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $6.44 $6.81 $5.94 $5.58
Low ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 3.56 2.19 2.31 2.98
As mandated by Congress and ordered by the Securities and Exchange Commission (""SEC''), all
securities industry systems were converted from fractional to decimal (dollars and cents) pricing. The
Decimals Implementation Plan for the Equities and Options Market submitted to the SEC stipulated that the
conversion for all securities occur by April 9, 2001. Along with most stocks listed on the NYSE, the
Company's stock was converted on January 29, 2001.
Item 6. Selected Financial Data
Financial Highlights
The following selected consolidated Ñnancial data should be read in conjunction with Part II, Item 7.
Years Ended
June 28, June 27, July 3, June 30, June 29,
1997 1998 1999 2000 2001
(in millions, except per share and employee data)
Revenues, net ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $4,177.9 $3,541.5 $2,767.2 $1,957.2 $1,953.4
Gross proÑt (loss) ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 650.3 100.1 (2.8) 9.6 207.7
Income (loss) from continuing operations ÏÏ 267.6 (290.2) (472.5) (329.5) (87.1)
Per share income (loss) from continuing
operations:
Basic ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $ 3.07 $ (3.32) $ (5.28) $ (2.69) $ (.52)
Diluted ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $ 2.86 $ (3.32) $ (5.28) $ (2.69) $ (.52)
Working capital ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $ 364.2 $ 463.5 $ 133.5 $ 6.9 $ 45.4
Total assets ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $1,307.1 $1,442.7 $1,022.0 $ 613.0 $ 507.7
Long-term debt ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $ Ì $ 519.2 $ 534.1 $ 225.5 $ 112.5
Shareholders' equity (deÑciency)ÏÏÏÏÏÏÏÏÏÏ $ 620.0 $ 317.8 $ (153.8) $ (109.8) $ 6.8
Number of employees ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 13,384 13,286 10,503 7,321 7,909
No cash dividends were paid for the years presented.
16