Q3 FY19 Financial Results
Quarterly Fact Sheet
Amounts in millions, except Average Selling Price (ASP), percentages, and working capital-related metrics
REVENUE
EXABYTE METRICS
TECHNOLOGY
CASH
CASH FLOWS
(10%)
5%
THREE MONTHS ENDED
9/28/2018
12/28/2018
3/29/2019
$ 2,650
932
1,446
$ 5,028
$ 2,214
945
1,074
$ 4,233
$ 1,625
804
1,245
$ 3,674
៩ ៩ ៩
6%
(6%)
9%
28%
6%
(3%)
(17%)
5%
(15%)
13%
(5%)
11%
$ 2,494
$ 2,060
$ 2,064
$ 2,173
$ 1,610
32%
44%
27%
29%
38.0%
21%
25.3%
$ 2,754
$ 2,363
3/30/2018
6/29/2018
Client Devices¹
$ 2,311
$ 2,474
Client Solutions¹
1,042
1,031
1,660
1,612
$ 5,013
$ 5,117
7%
Data Center Devices & Solutions¹
Total Revenue
Q/Q Change in HDD Exabytes Sold²
Q/Q Change in Flash Exabytes Sold²
Q/Q Change in Total Exabytes Sold²
HDD Revenue
Flash Revenue
HDD Non-GAAP Gross Margin³
Flash Non-GAAP Gross Margin³
Total Non-GAAP Gross Margin³
Cash and Cash Equivalents
Available-for-Sale (AFS) Securities
Total Cash, Cash Equivalents, and AFS Securities
Cash Flows provided by Operating Activities
Purchases of Property, Plant and Equipment, net
Activity Related to Flash Ventures, net
Free Cash Flow4
$ 2,640
32%
51%
41.0%
$ 5,005
116
$ 2,373
33%
55%
43.4%
$ 4,963
113
$ 5,076
$ 1,027
(213)
(198)
(35)
$ 616
$ 638
$ 5,121
$ 863
(190)
$ 2,534
$ 4,646
116
$ 4,762
$ 705
(277)
35%
31.3%
$ 4,013
117
$ 4,130
$ 3,682
119
$ 3,801
$ 204
(222)
$ 469
(220)
29
(225)
(92)
$ 457
$ 24
$ (110)
WORKING CAPITAL RELATED
Days Sales Outstanding
Days Inventory Outstanding
Days Payables Outstanding
36
39
40
37
30
79
82
84
98
101
(71)
(70)
(64)
(64)
(55)
Cash Conversion Cycle
44
51
60
71
76
FLASH METRICS
Q/Q Change in ASP/Gigabytes²
(2%)
(8%)
(16%)
(18%)
(23%)
HDD METRICS
Client Compute Units
Non-Compute Units
5
17.6
17.8
16.3
14.0
12.9
11.2
13.7
11.2
11.1
9.3
Data Center Units
7.6
7.5
6.6
5.1
5.6
Total HDD Units
36.4
39.0
34.1
30.2
27.8
HDD ASP⁹
$ 72
$ 70
$ 72
$ 67
$73
Western Digital.
©2019 Western Digital Corporation or its affiliates. All rights reserved.
4/29/19
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