Seagate Technology Holdings plc
For the period ended Mar 28, 2025. Filed May 2, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 28, 2025 · Filed May 2, 2025
STX$501.62-0.9%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows - Nine Months Ended
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| For the Nine Months Ended | ||
|---|---|---|
| March 28, 2025 | March 29, 2024 | |
| OPERATING ACTIVITIES | ||
| Net income (loss) | $981 | $(178) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation and amortization | 190 | 201 |
| Share-based compensation | 141 | 89 |
| Deferred income taxes | 8 | 64 |
| Net loss from debt transactions | 4 | 7 |
| Other non-cash operating activities, net | 109 | 4 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | (193) | 289 |
| Inventories, net | (233) | (51) |
| Accounts payable | (331) | 108 |
| Accrued employee compensation | 116 | (25) |
| BIS settlement penalty | (45) | (30) |
| Accrued expenses, income taxes and warranty | (72) | (20) |
| Other assets and liabilities | (100) | 26 |
| Net cash provided by operating activities | 575 | 484 |
| INVESTING ACTIVITIES | ||
| Acquisition of property, equipment and leasehold improvements | (182) | (200) |
| Proceeds from the sale of assets | 1 | 38 |
| Proceeds from sale of investments | 10 | 5 |
| Proceeds from business divestiture | 25 | — |
| Net cash used in investing activities | (146) | (157) |
| FINANCING ACTIVITIES | ||
| Redemption and repurchase of debt | (531) | (1,288) |
| Dividends to shareholders | (447) | (438) |
| Taxes paid related to net share settlement of equity awards | (44) | (31) |
| Proceeds from issuance of long-term debt | — | 1,500 |
| Proceeds from issuance of ordinary shares under employee stock plans | 56 | 66 |
| Other financing activities, net | (7) | (128) |
| Net cash used in financing activities | (973) | (319) |
| Effect of foreign currency exchange rate changes on cash, cash equivalents and restricted cash | — | 1 |
| (Decrease) increase in cash, cash equivalents and restricted cash | (544) | 9 |
| Cash, cash equivalents and restricted cash at the beginning of the period | 1,360 | 788 |
| Cash, cash equivalents and restricted cash at the end of the period | $816 | $797 |
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