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Item 6.
Selected Financial Data
Financial Highlights
This selected consolidated financial data should be read together with the Consolidated Financial Statements and
related Notes contained in this Annual Report on Form 10-K and in the subsequent reports filed with the SEC, as
well as the section of this Annual Report on Form 10-K and the other reports entitled "Management's Discussion and
Analysis of Financial Condition and Results of Operations."
June 28,
2013
June 29,
2012
July 1,
2011
July 2,
2010
July 3,
2009
(in millions, except per share and employee data)
Revenue, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$15,351
$ 12,478
$ 9,526
$ 9,850
$ 7,453
Gross profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$ 4,363
$
3,638
$ 1,791
$ 2,401
$ 1,337
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$
980
$
1,612
$
726
$ 1,382
$
470
Income per common share:
Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$
4.07
$
6.69
$
3.14
$
6.06
$
2.12
Diluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$
3.98
$
6.58
$
3.09
$
5.93
$
2.08
Cash dividends declared per common share . . . . . . . . . .
$
1.00
$
--
$
--
$
--
$
--
Working capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$ 3,625
$
3,109
$ 3,317
$ 2,697
$ 1,705
Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$14,036
$ 14,206
$ 8,118
$ 7,328
$ 5,291
Long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$ 1,725
$
1,955
$
150
$
294
$
400
Shareholders' equity . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$ 7,893
$
7,669
$ 5,488
$ 4,709
$ 3,192
Number of employees . . . . . . . . . . . . . . . . . . . . . . . . . .
85,777
103,111
65,431
62,500
45,991
"Number of employees" excludes temporary employees and contractors. Results for HGST, the magnetic media
sputtering operations of Hoya Corporation and Hoya Magnetics Singapore Pte. Ltd., and SiliconSystems Inc., which
were acquired on March 8, 2012, June 30, 2010 and March 27, 2009, respectively, are included in our operating
results only after the dates of their acquisitions.
Item 7.
Management's Discussion and Analysis of Financial Condition and Results
of Operations
Forward-Looking Statements
The following discussion and analysis contains forward-looking statements within the meaning of the federal securities laws.
You are urged to carefully review our description and examples of forward-looking statements included earlier in this Annual Report
on Form 10-K immediately prior to Part I, under the heading "Forward-Looking Statements." Forward-looking statements are
subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking
statements. You are urged to carefully review the disclosures we make concerning risks and other factors that may affect our business
and operating results, including those made in Item 1A of this Annual Report on Form 10-K, and any of those made in our other
reports filed with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as
of the date of this document. We do not intend, and undertake no obligation, to publish revised forward-looking statements to reflect
events or circumstances after the date of this document or to reflect the occurrence of unanticipated events.
Our Company
We are an industry-leading developer and manufacturer of storage solutions that enable people to create, man-
age, experience and preserve digital content. We design and make storage devices and home entertainment products
under the HGST, WD and G-Technology brands. Our principal products today are hard drives that use one or more
rotating magnetic disks ("magnetic media") to store and allow fast access to data. Hard drives are today's primary
storage medium for digital content. We operate our global business through two independent subsidiaries due to
regulatory requirements -- HGST and WD, both long-time innovators in the storage industry.
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