8-K/AExhibits & Filings

WESTERN DIGITAL CORP 8-K/A Report, Exhibit Filing (Jul 25, 2016)

Filed July 25, 2016For Securities:WDC

Summary

This filing from Western Digital Corp (WDC) is an amendment to a previous 8-K report, specifically detailing the inclusion of financial statements and pro forma information related to the acquisition of SanDisk. Investors interested in the financial implications of this acquisition will find crucial data herein. The report provides audited and unaudited financial statements for SanDisk, offering a clear picture of the acquired entity's historical performance and financial position prior to and immediately following the acquisition. Furthermore, the filing presents unaudited pro forma condensed combined financial statements. These statements are vital for investors as they illustrate the combined financial performance and position of Western Digital and SanDisk as if the acquisition had occurred at an earlier date. This allows for a more accurate assessment of the combined entity's financial health and potential future earnings, enabling investors to make more informed decisions regarding their investment in WDC.

Key Highlights

  • 1Western Digital has filed an amendment to its 8-K report, incorporating SanDisk's financial statements.
  • 2The filing includes audited consolidated financial statements of SanDisk for the periods ending January 3, 2016, and December 31, 2014.
  • 3Unaudited condensed consolidated financial statements of SanDisk for the periods ending April 3, 2016, and January 3, 2016, are also provided.
  • 4The report contains unaudited pro forma condensed combined financial statements reflecting the acquisition of SanDisk.
  • 5These pro forma statements present the combined balance sheet as of April 1, 2016, and income statements for key periods, giving effect to the acquisition.
  • 6The filing includes the consent of Ernst & Young LLP, SanDisk's independent registered public accounting firm.

Frequently Asked Questions

The main purpose of this 8-K/A filing is to provide investors with the necessary financial statements of the acquired company, SanDisk, and pro forma combined financial information. This is a follow-up to a previous report and ensures that all relevant financial data related to the SanDisk acquisition is made available and incorporated into Western Digital's filings.

The filing includes audited consolidated financial statements for SanDisk covering the three years ending January 3, 2016, and the year ending December 31, 2014. Unaudited condensed consolidated financial statements are provided for the periods ending April 3, 2016, and January 3, 2016.

The pro forma financial information is significant because it presents the combined financial picture of Western Digital and SanDisk as if the acquisition had already taken place. This allows investors to better understand the potential financial performance and stability of the merged entity, aiding in evaluating the strategic and financial impact of the acquisition.

Yes, the filing includes both audited consolidated financial statements for SanDisk for certain historical periods (up to January 3, 2016) and unaudited condensed consolidated financial statements for more recent periods leading up to and immediately following the acquisition.