Summary
Seagate Technology plc's (STX) 2014 Form 10-K filing covers the fiscal year ended June 27, 2014, a period marked by significant corporate actions and strategic positioning within the data storage industry. The company, domiciled in Ireland, is a well-established player in the market, and this filing indicates its continued focus on its core business of hard disk drives (HDDs) and solid-state drives (SSDs). The report details the company's financial performance, operational structure, and associated risks, providing investors with a comprehensive overview of its business. Key aspects for investors to note include the company's market position, potential growth drivers, and the competitive landscape. As a large accelerated filer, Seagate is subject to robust disclosure requirements, and this report offers insights into its management discussions on financial condition, results of operations, and market risks. The filing also highlights the company's commitment to corporate governance and executive compensation practices. Investors should pay close attention to the risk factors section, which may outline challenges such as technological shifts, competitive pressures, and macroeconomic uncertainties that could impact future performance.
Financial Highlights
57 data points| Revenue | $13.72B |
| Cost of Revenue | $9.88B |
| Gross Profit | $3.85B |
| R&D Expenses | $1.23B |
| SG&A Expenses | $722.00M |
| Operating Expenses | $11.95B |
| Operating Income | $1.78B |
| Interest Expense | $195.00M |
| Net Income | $1.57B |
| EPS (Basic) | $4.66 |
| EPS (Diluted) | $4.52 |
| Shares Outstanding (Basic) | 337.00M |
| Shares Outstanding (Diluted) | 347.00M |
Key Highlights
- 1Seagate Technology plc is a large accelerated filer, indicating significant market capitalization and reporting adherence.
- 2The fiscal year ended June 27, 2014, saw the company operating under its Irish domicile.
- 3The filing includes detailed exhibits related to material agreements, including the acquisition of Xyratex Ltd. and various credit and debt instruments.
- 4Several compensation plans for executives and directors are detailed, reflecting the company's approach to talent management and incentives.
- 5The report incorporates by reference sections of the definitive proxy statement, which will contain further details on corporate governance, executive compensation, and security ownership.
- 6The company had approximately $18.3 billion in market value of ordinary shares held by non-affiliates as of December 27, 2013.
- 7A significant number of outstanding ordinary shares (326,812,299) were reported as of July 25, 2014.