Western Digital 2010 Annual Report Download - page 5

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• On the manufacturing side, we improved the security of our
supply of glass substrates and enhanced our long-term cost
structure with the acquisition of Hoya’s media operations.
In closing, I want to acknowledge our loyal customers whose
satisfaction with the WD value proposition is the primary reason for
WD’s continued signicant growth as a leading supplier of storage
devices. We will continue to work passionately and diligently to
earn their ongoing business. I also want to thank the WD team
and our supply partners for their exceptional contribution to WD’s
revenue, protability and cash generation in scal 2010.
John F. Coyne
President and Chief Executive Ofcer
September 28, 2010
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
$1,800
$2,000
FY2006 FY2007 FY2008 FY2009 FY2010
CASH FLOW FROM OPERATIONS
$1,305
$1,399
$1,942
$368
Dollars in millions
$618
As a result of our agile response to the
demand for hard drives, WD generated
$1.9 billion in cash ow from operations.
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
$4,000
$4,500
$5,000
FY2006 FY2007 FY2008 FY2009 FY2010
SHAREHOLDERS’ EQUITY
$4,709
$2,696
$1,157
Dollars in millions
$1,716
$3,192
WD’s long-term, sustained protability has
resulted in $4.7 billion of shareholders’ equity.
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
FY2006 FY2007 FY2008 FY2009 FY2010
CAPITAL EXPENDITURES and
RESEARCH and DEVELOPMENT SPENDING
$1,028
$565
Dollars in millions
$630
$1,079
Research & Development
Capital Expenditures $1,348
Fiscal 2010 represents the third year in which
WD invested over $1 billion in research and
development and capital expenditures to
advance our technology position and to
accommodate our continued growth.