10-KPeriod: FY2013

Seagate Technology Holdings plc Annual Report, Year Ended Jun 28, 2013

Filed August 8, 2013For Securities:STX

Summary

Seagate Technology Holdings plc filed its 2013 Form 10-K on August 7, 2013, covering the fiscal year ended June 28, 2013. The report indicates that Seagate is a well-established, large accelerated filer, demonstrating its significant size and reporting history. The company's ordinary shares are registered and traded on The NASDAQ Global Select Market. This filing serves as a comprehensive overview of Seagate's business, financial condition, and risk factors. Investors should pay close attention to the detailed business description, risk factors, and the Management's Discussion and Analysis (MD&A) section for insights into the company's performance drivers, strategic initiatives, and potential challenges within the highly competitive data storage industry. The numerous exhibits highlight a complex organizational structure and various financial instruments and agreements that underpin the company's operations.

Financial Highlights

57 data points
Beta

Revenue

$14.35B

27.5% Gross Margin

Net Income

$1.84B

12.8% Net Margin

EPS (Diluted)

$4.81

Total Assets

$9.24B

Cash & Equivalents

$1.71B

Free Cash Flow

$2.26B

Financial Statements
Beta
Revenue$14.35B
Cost of Revenue$10.41B
Gross Profit$3.94B
R&D Expenses$1.13B
SG&A Expenses$635.00M
Operating Expenses$12.26B
Operating Income$2.09B
Interest Expense$214.00M
Net Income$1.84B
EPS (Basic)$4.97
EPS (Diluted)$4.81
Shares Outstanding (Basic)370.00M
Shares Outstanding (Diluted)382.00M

Key Highlights

  • 1Seagate Technology Holdings plc is a large accelerated filer, indicating significant financial scale and established reporting practices.
  • 2The company's ordinary shares are listed on The NASDAQ Global Select Market, providing liquidity and a public market for investors.
  • 3The 10-K filing provides a comprehensive overview of the company's business, including its core operations in the data storage sector.
  • 4Significant attention is dedicated to risk factors, crucial for understanding the competitive landscape and potential challenges facing Seagate.
  • 5The document includes extensive exhibits detailing various financial agreements, credit facilities, and compensation plans, suggesting a complex corporate and financial structure.
  • 6The filing reflects the company's operational period ending June 28, 2013, offering a historical financial snapshot prior to potential future market shifts.
  • 7Seagate's Irish domicile (Seagate Technology Public Limited Company) is noted, which can have implications for tax and regulatory considerations.

Frequently Asked Questions

Based on the filing, Seagate Technology Holdings plc is primarily engaged in the data storage industry. While specific details are within the 'Business' section (Item 1), the company's core focus is on developing, manufacturing, and marketing hard disk drives (HDDs) and related storage solutions for various applications, including enterprise, client compute, and client content creation markets.

The 'Risk Factors' section (Item 1A) is extensive and would detail risks such as intense competition in the storage market, rapid technological changes, fluctuations in demand for its products, supply chain disruptions, cybersecurity threats, and global economic conditions. Investors should review this section thoroughly for a comprehensive understanding of potential threats to the company's performance.

Being a 'large accelerated filer' signifies that Seagate meets specific SEC thresholds for public float and revenue. This classification means the company has a history of public reporting and is subject to rigorous SEC disclosure requirements, including the Sarbanes-Oxley Act. It generally implies a mature, larger company with substantial market capitalization.

The MD&A section (Item 7) provides management's perspective on the company's financial condition and results of operations. This typically includes discussions on revenue trends, cost of sales, operating expenses, profitability, liquidity, capital resources, and any significant accounting policies or estimates that affect the financial statements. It offers crucial context for the reported financial numbers.