01—Abstract
Summary
Summary of the 10-K/A filed August 24, 2011. Cited figures are marked; the original filing is the authoritative source.
This filing is an amendment (10-K/A) to Seagate Technology Holdings plc's (STX) Annual Report for the fiscal year ended July 1, 2011.
The amendment's sole purpose is to correct typographical errors in the signature page of the original Form 10-K filed on August 17, 2011. Specifically, it corrects the inclusion of a former director and the exclusion of a current director from the signature page. No financial statements or other disclosures have been amended.
Investors should refer to the original Form 10-K filing for substantive financial and operational information regarding Seagate's performance during that fiscal year. The amendment ensures the accuracy of the company's director information as reported to the SEC, with updated signature pages reflecting the correct board composition at the time of filing. This administrative correction is important for regulatory compliance and the integrity of the filing, but does not alter the underlying financial results or business operations disclosed in the original report.
02—Key points
Key Highlights
- This document is an amendment (10-K/A) to Seagate's 2011 Annual Report, primarily correcting signature pages.
- The amendment rectifies a typographical error regarding director signatures on the original filing.
- A former director was mistakenly included, and a current director was omitted from the original filing's signature page.
- No financial statements or substantive business disclosures are amended by this filing.
- The original Form 10-K filed on August 17, 2011, contains the comprehensive financial and operational data for the fiscal year ended July 1, 2011.
- The company is a large accelerated filer.
- Seagate Technology Holdings plc is incorporated in Ireland and its ordinary shares are listed on The NASDAQ Global Select Market.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in FY2011, Seagate Technology Holdings plc kept $0.05.
- Revenue$10.97B100.0%
- Cost of revenue−$8.82B80.4%
- Gross profit$2.15B19.6%
- Operating costs−$1.34B12.2%
- Operating income$806.0M7.3%
- Interest, other & tax−$295.0M2.7%
- Net income$511.0M4.7%
Where FY2011 revenue went
$10.97B- Cost of revenue: $8.82B, 80% of revenue
- Net income: $511.0M, 4.7% of revenue
- R&D: $875.0M, 8.0% of revenue
- SG&A: $445.0M, 4.1% of revenue
- Interest, other & tax: $295.0M, 2.7% of revenue
Kept 4.7% as net incomeNet income $511.0M · 4.7%
Full revenue history →04—Financials
Financial Highlights
Figures from 10-K/AFY2011filed August 24, 2011Financial Statements
FY2011 against FY2010
| Line item | FY2011FY2010 | Change |
|---|---|---|
| Revenue | $10.97B$11.39B | −3.7% |
| Cost of Revenue | $8.82B$8.19B | +7.7% |
| Gross Profit | $2.15B$3.20B | −33.0% |
| R&D Expenses | $875.00M$877.00M | −0.2% |
| SG&A Expenses | $445.00M$437.00M | +1.8% |
| Operating Expenses | $10.16B$9.65B | +5.3% |
| Operating Income | $806.00M$1.74B | −53.7% |
| Interest Expense | $214.00M$174.00M | +23.0% |
| Net Income | $511.00M$1.61B | −68.2% |
| EPS (Basic) | $1.13$3.28 | −65.5% |
| EPS (Diluted) | $1.09$3.14 | −65.3% |
| Shares Outstanding (Basic) | 451.00M491.00M | −8.1% |
| Shares Outstanding (Diluted) | 467.00M514.00M | −9.1% |
05—Questions
Frequently Asked Questions
What is the main reason for this filing (10-K/A)?
This filing is an amendment to correct a typographical error on the signature page of the original Form 10-K. It inaccurately listed a former director and omitted a current director. This amendment provides the correct signatures.
Does this amendment change Seagate's financial results or business operations for fiscal year 2011?
No, this amendment is purely administrative. It does not change or update any financial statements or substantive business disclosures from the original Form 10-K filed on August 17, 2011. Investors should refer to the original filing for financial performance and operational details.
Who are the principal executive, financial, and accounting officers listed in this filing?
The principal executive officer is Stephen J. Luczo (CEO, President, Director, Chairman). The principal financial officer is Patrick J. O’Malley (EVP, Finance & CFO). The principal accounting officer is David H. Morton, Jr. (VP, Finance & Treasurer).
What is the market value of Seagate's shares held by non-affiliates as of December 31, 2010?
As of December 31, 2010, the aggregate market value of the voting and non-voting ordinary shares held by non-affiliates was approximately $5.8 billion.
06—Continue