Summary
Seagate Technology plc's (STX) 2017 10-K filing provides a comprehensive overview of the company's business operations, financial condition, and risk factors as of June 29, 2017. The report details the company's position as a leading provider of data storage solutions, serving a diverse range of markets including enterprise, cloud, and PC. Investors should note the company's market capitalization of approximately $11.2 billion as of December 30, 2016, and the outstanding share count of over 291 million as of July 31, 2017. While the filing itself is primarily an annual report and does not contain extensive forward-looking statements or detailed financial performance metrics within the provided excerpt, it signifies the company's operational status and its established presence in the technology sector. Key documents related to the company's governance, executive compensation, and financial arrangements are incorporated by reference, suggesting a complex corporate structure and adherence to regulatory reporting standards.
Financial Highlights
57 data points| Revenue | $10.77B |
| Cost of Revenue | $7.60B |
| Gross Profit | $3.17B |
| R&D Expenses | $1.23B |
| SG&A Expenses | $606.00M |
| Operating Expenses | $9.72B |
| Operating Income | $1.05B |
| Interest Expense | $222.00M |
| Net Income | $772.00M |
| EPS (Basic) | $2.61 |
| EPS (Diluted) | $2.58 |
| Shares Outstanding (Basic) | 296.00M |
| Shares Outstanding (Diluted) | 299.00M |
Key Highlights
- 1Seagate Technology plc (STX) filed its 2017 10-K annual report on August 3, 2017, for the fiscal year ending June 29, 2017.
- 2The company's market value of shares held by non-affiliates was approximately $11.2 billion as of December 30, 2016.
- 3As of July 31, 2017, there were 291,813,271 ordinary shares outstanding.
- 4The filing confirms Seagate is not a shell company.
- 5Key sections like Business, Risk Factors, and Management's Discussion and Analysis are present, indicating a standard comprehensive annual report structure.
- 6The report incorporates by reference portions of the company's definitive proxy statement for the October 18, 2017 Annual General Meeting.
- 7A substantial exhibit index details numerous financial agreements, including various indentures for senior notes and credit agreements, alongside equity and compensation plans.