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Item 6. Selected Financial Data
Financial Highlights
This selected consolidated financial data should be read together with the Consolidated Financial Statements and
related Notes contained in this Annual Report on Form 10-K and in the subsequent reports filed with the SEC, as
well as the section of this Annual Report on Form 10-K and the other reports entitled “Management’s Discussion and
Analysis of Financial Condition and Results of Operations.”
July 3,
2015
June 27,
2014
June 28,
2013
June 29,
2012
July 1,
2011
(in millions, except per share and employee data)
Revenue, net ................................. $14,572 $15,130 $15,351 $ 12,478 $ 9,526
Gross profit .................................. $ 4,221 $ 4,360 $ 4,363 $ 3,638 $ 1,791
Net income .................................. $ 1,465 $ 1,617 $ 980 $ 1,612 $ 726
Income per common share:
Basic ............................... $ 6.31 $ 6.88 $ 4.07 $ 6.69 $ 3.14
Diluted ............................. $ 6.18 $ 6.68 $ 3.98 $ 6.58 $ 3.09
Cash dividends declared per common share .......... $ 1.80 $ 1.25 $ 1.00 $ — $ —
Working capital .............................. $ 5,275 $ 4,875 $ 3,625 $ 3,109 $ 3,317
Total assets .................................. $15,181 $15,499 $14,036 $ 14,206 $ 8,118
Long-term debt ............................... $ 2,156 $ 2,313 $ 1,725 $ 1,955 $ 150
Shareholders’ equity ............................ $ 9,219 $ 8,842 $ 7,893 $ 7,669 $ 5,488
Number of employees .......................... 76,449 84,072 85,777 103,111 65,431
“Number of employees” excludes temporary employees and contractors. Results for Amplidata, Virident, sTec,
VeloBit and HGST, which were acquired on March 9, 2015, October 17, 2013, September 12, 2013, July 9, 2013
and March 8, 2012, respectively, are included in our operating results only after the respective dates of acquisition.
Item 7. Management’s Discussion and Analysis of Financial Condition and Results
of Operations
Forward-Looking Statements
The following discussion and analysis contains forward-looking statements within the meaning of the federal securities laws.
You are urged to carefully review our description and examples of forward-looking statements included earlier in this Annual Report
on Form 10-K immediately prior to Part I, under the heading “Forward-Looking Statements.” Forward-looking statements are
subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking
statements. You are urged to carefully review the disclosures we make concerning risks and other factors that may affect our business
and operating results, including those made in Part I, Item 1A of this Annual Report on Form 10-K, and any of those made in our
other reports filed with the SEC. You are cautioned not to place undue reliance on the forward-looking statements included herein,
which speak only as of the date of this document. We do not intend, and undertake no obligation, to publish revised forward-looking
statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events.
Our Company
We are a leading developer, manufacturer and provider of data storage solutions that enable consumers, busi-
nesses, governments and other organizations to create, manage, experience and preserve digital content. Our product
portfolio includes HDDs, SSDs, direct attached storage solutions, personal cloud network attached storage solutions,
and public and private cloud data center storage solutions. HDDs are our principal products and are today’s primary
storage medium for the vast majority of digital content, with the use of solid-state storage products growing rap-
idly. Our products are marketed under the HGST, WD and G-Technology brand names.
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