Seagate Technology Holdings plc
For the period ended Jun 28, 2024. Filed Aug 2, 2024.
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FY2024 · Filed Aug 2, 2024
STX$501.62-0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| Fiscal Years Ended | |||
|---|---|---|---|
| June 28,2024 | June 30,2023 | July 1,2022 | |
| OPERATING ACTIVITIES | |||
| Net income (loss) | $335 | $(529) | $1,649 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 264 | 513 | 451 |
| Share-based compensation | 127 | 115 | 145 |
| Net loss (gain) from redemption and repurchase of debt | 7 | (204) | — |
| Net gain from business divestiture | (313) | — | — |
| Deferred income taxes | 78 | 10 | (9) |
| Other non-cash operating activities, net | 34 | (125) | 64 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable, net | 192 | 911 | (374) |
| Inventories, net | (99) | 425 | (361) |
| Accounts payable | 227 | (421) | 228 |
| Accrued employee compensation | 6 | (152) | (30) |
| BIS settlement penalty | (45) | — | — |
| Accrued expenses, income taxes and warranty | (138) | 101 | (26) |
| Other assets and liabilities | 243 | 298 | (80) |
| Net cash provided by operating activities | 918 | 942 | 1,657 |
| INVESTING ACTIVITIES | |||
| Acquisition of property, equipment and leasehold improvements | (254) | (316) | (381) |
| Proceeds from the sale of assets | 40 | 534 | — |
| Purchases of investments | — | (1) | (18) |
| Proceeds from sale of investments | 14 | — | 47 |
| Proceeds from business divestiture | 326 | — | — |
| Net cash provided by (used in) investing activities | 126 | 217 | (352) |
| FINANCING ACTIVITIES | |||
| Redemption and repurchase of debt | (1,288) | (1,578) | (701) |
| Proceeds from issuance of long-term debt | 1,500 | 1,600 | 1,200 |
| Dividends to shareholders | (585) | (582) | (610) |
| Repurchases of ordinary shares | — | (408) | (1,799) |
| Taxes paid related to net share settlement of equity awards | (38) | (44) | (51) |
| Proceeds from issuance of ordinary shares under employee stock plans | 66 | 68 | 68 |
| Other financing activities, net | (128) | (44) | (6) |
| Net cash used in financing activities | (473) | (988) | (1,899) |
| Effect of foreign currency exchange rate changes on cash, cash equivalents and restricted cash | 1 | — | — |
| Increase (decrease) in cash, cash equivalents and restricted cash | 572 | 171 | (594) |
| Cash, cash equivalents and restricted cash at the beginning of the year | 788 | 617 | 1,211 |
| Cash, cash equivalents and restricted cash at the end of the year | $1,360 | $788 | $617 |
| Supplemental Disclosure of Cash Flow Information | |||
| Cash paid for interest | $303 | $327 | $244 |
| Cash paid for income taxes, net of refunds | $30 | $32 | $33 |
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