8-K/AExhibits & Filings

WESTERN DIGITAL CORP 8-K/A Report, Exhibit Filing (Feb 26, 2025)

Filed February 26, 2025For Securities:WDC

Summary

This 8-K/A filing from Western Digital Corp (WDC) is an amendment to a previous filing, specifically regarding pro forma financial information related to a significant corporate event: the Separation and Distribution. Investors should understand that this filing doesn't introduce new operational or financial results in the traditional sense, but rather provides a hypothetical view of the company's financial position and performance as if the Separation and Distribution had already occurred at specific past dates. The pro forma statements offer a crucial perspective for understanding the potential impact of this separation on WDC's balance sheet and income statement. By presenting these adjusted financials, the company aims to give stakeholders a clearer picture of the standalone entity's financial standing and operational efficiency, aiding in the valuation and investment decision-making process post-separation. This information is particularly relevant for understanding the financial implications and the structure of the business going forward.

Key Highlights

  • 1Amendment filed on February 25, 2025, to a prior filing concerning the event date of February 19, 2025.
  • 2Filing primarily provides unaudited pro forma consolidated financial statements.
  • 3Pro forma statements reflect the impact of a 'Separation and Distribution' event.
  • 4Includes pro forma balance sheet as of December 27, 2024.
  • 5Includes pro forma statements of operations for the six months ended December 27, 2024, and for the fiscal years ended June 28, 2024, June 30, 2023, and July 1, 2022.
  • 6These financial statements are presented for illustrative purposes to show the effect of the separation and distribution.
  • 7The filing incorporates Exhibit 99.1, containing the detailed pro forma financial statements and accompanying notes.

Frequently Asked Questions

This filing is an amendment that provides unaudited pro forma consolidated financial statements. These statements are presented to show how Western Digital's financial position and results of operations would have looked had a 'Separation and Distribution' event already occurred as of specified past dates. It helps investors understand the financial impact of this significant corporate restructuring.

Pro forma financial information is hypothetical and adjusted to reflect the potential impact of a future or recent event, such as the Separation and Distribution mentioned in this filing. It's not the company's actual historical financial results but an estimation of what they would have been under different circumstances, allowing for better comparative analysis and understanding of the post-restructuring entity.

The filing includes a pro forma consolidated balance sheet as of December 27, 2024, and pro forma consolidated statements of operations for the six months ended December 27, 2024, as well as for the full fiscal years ended June 28, 2024, June 30, 2023, and July 1, 2022.

The detailed unaudited pro forma consolidated financial statements, along with the accompanying notes, are provided as Exhibit 99.1, which is incorporated by reference into this filing.