10-QPeriod: Q2 FY2009

WESTERN DIGITAL CORP Quarterly Report for Q2 Ended Dec 26, 2008

Filed January 29, 2009For Securities:WDC

Summary

Western Digital Corporation (WDC) filed its 10-Q for the period ending December 25, 2008, reporting on its second quarter of fiscal year 2009. The filing primarily consists of unaudited financial statements and management's discussion and analysis. Investors should pay close attention to the company's financial performance, including revenue, profitability, and cash flow, as well as any identified risks and strategic initiatives discussed by management. The context of the late 2008 economic environment, characterized by a global recession, is crucial for understanding the company's results and outlook. Key areas of focus for investors will be the company's ability to navigate the challenging economic climate, its inventory management, and its capital expenditure plans. The condensed financial statements provide a snapshot of the company's financial health, while the MD&A section offers management's perspective on the results of operations, financial condition, and liquidity. Investors should also review the risk factors section for potential headwinds affecting the business.

Financial Highlights

25 data points
Beta

Revenue

$1.82B

15.9% Gross Margin

Net Income

$14.00M

0.8% Net Margin

EPS (Diluted)

$0.06

Cash & Equivalents

$1.38B

Free Cash Flow

$300.00M

Financial Statements
Beta
Revenue$1.82B
Cost of Revenue$1.53B
Gross Profit$290.00M
Operating Expenses$274.00M
Operating Income$16.00M
Net Income$14.00M
EPS (Basic)$0.06
EPS (Diluted)$0.06
Shares Outstanding (Basic)222.00M
Shares Outstanding (Diluted)224.00M

Key Highlights

  • 1The report covers the second quarter of fiscal year 2009, ending December 25, 2008.
  • 2The filing includes unaudited condensed consolidated financial statements (Balance Sheets, Income Statements, Cash Flows).
  • 3Management's Discussion and Analysis of Financial Condition and Results of Operations is a key section for investor insight.
  • 4Risk Factors are detailed in Part II, providing crucial information on potential challenges.
  • 5The filing takes place during a period of significant global economic uncertainty, which likely impacted the company's performance.
  • 6Investors should scrutinize the liquidity and cash flow positions given the economic environment.

Frequently Asked Questions

The 10-Q filing contains the unaudited condensed consolidated financial statements, including the income statement for the three and six months ended December 26, 2008. Investors need to refer to these specific statements within the report for detailed revenue, gross profit, operating income, net income, and earnings per share figures for the reported periods, and compare them to prior periods.

The 'Management's Discussion and Analysis of Financial Condition and Results of Operations' section is the primary source for this information. Investors should look for discussions on cash flow generation, working capital management, debt levels, and any plans or strategies the company has in place to maintain financial flexibility and operational continuity amidst economic challenges.

Item 1A, 'Risk Factors,' will outline the specific risks the company identifies. These could include, but are not limited to, macroeconomic conditions, industry-specific demand fluctuations, competitive pressures, technological changes, supply chain disruptions, and interest rate risks. Understanding these risks is vital for assessing the company's future prospects.

Investors should review 'Item 1. Legal Proceedings' and 'Item 2. Unregistered Sales of Equity Securities and Use of Proceeds' in Part II of the filing. These sections will detail any ongoing litigation that could impact the company financially or operationally, and any significant stock-related activities.