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10-Q Filing

Seagate Technology Holdings plc CIK: 1137789 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0001193125-17-323042
Period End Date 20170930
Filing Date 20171027
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance stx-20170929.xml
Balance Sheet 54 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.54B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.12B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.49B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.29B USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $1.21B USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $1.20B USD Point-in-time
Inventories InventoryNet $1.01B USD Point-in-time
Inventories InventoryNet $982.00M USD Point-in-time
Other current assets OtherAssetsCurrent $321.00M USD Point-in-time
Other current assets OtherAssetsCurrent $316.00M USD Point-in-time
Total current assets AssetsCurrent $4.82B USD Point-in-time
Total current assets AssetsCurrent $5.04B USD Point-in-time
Property, equipment and leasehold improvements, net PropertyPlantAndEquipmentNet $1.88B USD Point-in-time
Property, equipment and leasehold improvements, net PropertyPlantAndEquipmentNet $1.82B USD Point-in-time
Goodwill Goodwill $1.24B USD Point-in-time
Goodwill Goodwill $1.24B USD Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $281.00M USD Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $255.00M USD Point-in-time
Deferred income taxes DeferredTaxAssetsLiabilitiesNetNoncurrent $609.00M USD Point-in-time
Deferred income taxes DeferredTaxAssetsLiabilitiesNetNoncurrent $609.00M USD Point-in-time
Other assets, net OtherAssetsNoncurrent $224.00M USD Point-in-time
Other assets, net OtherAssetsNoncurrent $214.00M USD Point-in-time
Total Assets Assets $8.96B USD Point-in-time
Total Assets Assets $9.27B USD Point-in-time
Accounts payable AccountsPayableCurrent $1.63B USD Point-in-time
Accounts payable AccountsPayableCurrent $1.54B USD Point-in-time
Accrued employee compensation EmployeeRelatedLiabilitiesCurrent $150.00M USD Point-in-time
Accrued employee compensation EmployeeRelatedLiabilitiesCurrent $237.00M USD Point-in-time
Accrued warranty ProductWarrantyAccrualClassifiedCurrent $111.00M USD Point-in-time
Accrued warranty ProductWarrantyAccrualClassifiedCurrent $113.00M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $650.00M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $658.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $2.63B USD Point-in-time
Total current liabilities LiabilitiesCurrent $2.46B USD Point-in-time
Long-term accrued warranty ProductWarrantyAccrualNoncurrent $119.00M USD Point-in-time
Long-term accrued warranty ProductWarrantyAccrualNoncurrent $120.00M USD Point-in-time
Long-term accrued income taxes AccruedIncomeTaxesNoncurrent $15.00M USD Point-in-time
Long-term accrued income taxes AccruedIncomeTaxesNoncurrent $15.00M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $122.00M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $120.00M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $5.00B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $5.02B USD Point-in-time
Total Liabilities Liabilities $7.71B USD Point-in-time
Total Liabilities Liabilities $7.90B USD Point-in-time
Ordinary shares and additional paid-in capital CommonStocksIncludingAdditionalPaidInCapital $6.15B USD Point-in-time
Ordinary shares and additional paid-in capital CommonStocksIncludingAdditionalPaidInCapital $6.21B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-13.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-17.00M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-4.96B USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-4.77B USD Point-in-time
Total Equity StockholdersEquity $1.36B USD Point-in-time
Total Equity StockholdersEquity $1.24B USD Point-in-time
Total Liabilities and Equity LiabilitiesAndStockholdersEquity $8.96B USD Point-in-time
Total Liabilities and Equity LiabilitiesAndStockholdersEquity $9.27B USD Point-in-time
Income Statement 40 line items
Line Item Tag Value Unit Period
Revenue SalesRevenueNet $2.80B USD 1 Quarter
Revenue SalesRevenueNet $2.63B USD 1 Quarter
Cost of revenue CostOfGoodsAndServicesSold $1.90B USD 1 Quarter
Cost of revenue CostOfGoodsAndServicesSold $2.00B USD 1 Quarter
Product development ResearchAndDevelopmentExpense $315.00M USD 1 Quarter
Product development ResearchAndDevelopmentExpense $263.00M USD 1 Quarter
Marketing and administrative SellingGeneralAndAdministrativeExpense $145.00M USD 1 Quarter
Marketing and administrative SellingGeneralAndAdministrativeExpense $155.00M USD 1 Quarter
Amortization of intangibles Amortizationofintangibleassetsexcludingamountincludedincostofrevenue $22.00M USD 1 Quarter
Amortization of intangibles Amortizationofintangibleassetsexcludingamountincludedincostofrevenue $28.00M USD 1 Quarter
Restructuring and other, net RestructuringCharges $51.00M USD 1 Quarter
Restructuring and other, net RestructuringCharges $82.00M USD 1 Quarter
Total operating expenses CostsAndExpenses $2.38B USD 1 Quarter
Total operating expenses CostsAndExpenses $2.58B USD 1 Quarter
Income from operations OperatingIncomeLoss $221.00M USD 1 Quarter
Income from operations OperatingIncomeLoss $255.00M USD 1 Quarter
Interest income InvestmentIncomeInterest $1.00M USD 1 Quarter
Interest income InvestmentIncomeInterest $7.00M USD 1 Quarter
Interest expense InterestExpense $61.00M USD 1 Quarter
Interest expense InterestExpense $50.00M USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $-13.00M USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $1.00M USD 1 Quarter
Other expense, net NonoperatingIncomeExpense $-48.00M USD 1 Quarter
Other expense, net NonoperatingIncomeExpense $-67.00M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $188.00M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $173.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $6.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $7.00M USD 1 Quarter
Net income NetIncomeLoss $181.00M USD 1 Quarter
Net income NetIncomeLoss $167.00M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.56 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.62 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.62 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.55 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 299.00M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 290.00M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 301.00M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 292.00M shares 1 Quarter
Cash dividends declared per ordinary share (in dollars per share) CommonStockDividendsPerShareDeclared $0.63 USD 1 Quarter
Cash dividends declared per ordinary share (in dollars per share) CommonStockDividendsPerShareDeclared $0.63 USD 1 Quarter
Cash Flow Statement 56 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $181.00M USD 1 Quarter
Net income NetIncomeLoss $167.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $161.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $200.00M USD 1 Quarter
Share-based compensation ShareBasedCompensation $32.00M USD 1 Quarter
Share-based compensation ShareBasedCompensation $40.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-3.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $1.00M USD 1 Quarter
Other non-cash operating activities, net OtherNoncashIncomeExpense $7.00M USD 1 Quarter
Other non-cash operating activities, net OtherNoncashIncomeExpense $-1.00M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $10.00M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $-12.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $46.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $32.00M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-30.00M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $101.00M USD 1 Quarter
Accrued employee compensation IncreaseDecreaseInEmployeeRelatedLiabilities $32.00M USD 1 Quarter
Accrued employee compensation IncreaseDecreaseInEmployeeRelatedLiabilities $-87.00M USD 1 Quarter
Accrued expenses, income taxes and warranty IncreaseDecreaseInOtherAccruedLiabilities $16.00M USD 1 Quarter
Accrued expenses, income taxes and warranty IncreaseDecreaseInOtherAccruedLiabilities $89.00M USD 1 Quarter
Other assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $-2.00M USD 1 Quarter
Other assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $-8.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $237.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $591.00M USD 1 Quarter
Acquisition of property, equipment and leasehold improvements PaymentsToAcquirePropertyPlantAndEquipment $140.00M USD 1 Quarter
Acquisition of property, equipment and leasehold improvements PaymentsToAcquirePropertyPlantAndEquipment $124.00M USD 1 Quarter
Maturities of short-term investments ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $1.00M USD 1 Quarter
Maturities of short-term investments ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities - USD 1 Quarter
Other investing activities, net PaymentsForProceedsFromOtherInvestingActivities - USD 1 Quarter
Other investing activities, net PaymentsForProceedsFromOtherInvestingActivities $8.00M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-139.00M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-132.00M USD 1 Quarter
Redemption and repurchase of debt RepaymentsOfLongTermDebtAndCapitalSecurities - USD 1 Quarter
Redemption and repurchase of debt RepaymentsOfLongTermDebtAndCapitalSecurities $22.00M USD 1 Quarter
Taxes paid related to net share settlement of equity awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $20.00M USD 1 Quarter
Taxes paid related to net share settlement of equity awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $23.00M USD 1 Quarter
Repurchases of ordinary shares PaymentsForRepurchaseOfCommonStock $101.00M USD 1 Quarter
Repurchases of ordinary shares PaymentsForRepurchaseOfCommonStock $166.00M USD 1 Quarter
Dividends to shareholders PaymentsOfDividendsCommonStock $184.00M USD 1 Quarter
Dividends to shareholders PaymentsOfDividendsCommonStock - USD 1 Quarter
Proceeds from issuance of ordinary shares under employee stock plans ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $29.00M USD 1 Quarter
Proceeds from issuance of ordinary shares under employee stock plans ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $35.00M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-89.00M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-363.00M USD 1 Quarter
Effect of foreign currency exchange rate changes on cash, cash equivalents, and restricted cash EffectofExchangeRateonCashCashEquivalentsRestrictedCashandRestrictedCashEquivalents $4.00M USD 1 Quarter
Effect of foreign currency exchange rate changes on cash, cash equivalents, and restricted cash EffectofExchangeRateonCashCashEquivalentsRestrictedCashandRestrictedCashEquivalents - USD 1 Quarter
(Decrease) increase in cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashandRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-254.00M USD 1 Quarter
(Decrease) increase in cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashandRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $363.00M USD 1 Quarter
Cash, cash equivalents, and restricted cash at the beginning of the period CashCashEquivalentsRestrictedCashandRestrictedCashEquivalents $2.54B USD Point-in-time
Cash, cash equivalents, and restricted cash at the beginning of the period CashCashEquivalentsRestrictedCashandRestrictedCashEquivalents $2.29B USD Point-in-time
Cash, cash equivalents, and restricted cash at the beginning of the period CashCashEquivalentsRestrictedCashandRestrictedCashEquivalents $1.13B USD Point-in-time
Cash, cash equivalents, and restricted cash at the beginning of the period CashCashEquivalentsRestrictedCashandRestrictedCashEquivalents $1.50B USD Point-in-time
Cash, cash equivalents, and restricted cash at the end of the period CashCashEquivalentsRestrictedCashandRestrictedCashEquivalents $2.54B USD Point-in-time
Cash, cash equivalents, and restricted cash at the end of the period CashCashEquivalentsRestrictedCashandRestrictedCashEquivalents $2.29B USD Point-in-time
Cash, cash equivalents, and restricted cash at the end of the period CashCashEquivalentsRestrictedCashandRestrictedCashEquivalents $1.13B USD Point-in-time
Cash, cash equivalents, and restricted cash at the end of the period CashCashEquivalentsRestrictedCashandRestrictedCashEquivalents $1.50B USD Point-in-time
Stockholders Equity 12 line items
Line Item Tag Value Unit Period
Beginning balance StockholdersEquity $1.36B USD Point-in-time
Beginning balance StockholdersEquity $1.24B USD Point-in-time
Net income NetIncomeLoss $181.00M USD 1 Quarter
Net income NetIncomeLoss $167.00M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $1.00M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $4.00M USD 1 Quarter
Repurchases of ordinary shares (in shares) StockRepurchasedAndRetiredDuringPeriodShares 6.00M shares 1 Quarter
Repurchases of ordinary shares StockRepurchasedAndRetiredDuringPeriodValue $186.00M USD 1 Quarter
Tax withholding related to vesting of restricted stock units (in shares) SharesPaidForTaxWithholdingForShareBasedCompensation 1.00M shares 1 Quarter
Tax withholding related to vesting of restricted stock units AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $20.00M USD 1 Quarter
Ending balance StockholdersEquity $1.36B USD Point-in-time
Ending balance StockholdersEquity $1.24B USD Point-in-time
Comprehensive Income 26 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $181.00M USD 1 Quarter
Net income NetIncomeLoss $167.00M USD 1 Quarter
Change in net unrealized gain (loss) on cash flow hedges OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax - USD 1 Quarter
Change in net unrealized gain (loss) on cash flow hedges OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-1.00M USD 1 Quarter
Less: reclassification for amounts included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $-1.00M USD 1 Quarter
Less: reclassification for amounts included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax - USD 1 Quarter
Net change OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax - USD 1 Quarter
Net change OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax - USD 1 Quarter
Change in net unrealized gain (loss) on marketable securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax - USD 1 Quarter
Change in net unrealized gain (loss) on marketable securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax - USD 1 Quarter
Less: reclassification for amounts included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax - USD 1 Quarter
Less: reclassification for amounts included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax - USD 1 Quarter
Net change OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax - USD 1 Quarter
Net change OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax - USD 1 Quarter
Change in unrealized gain (loss) on post-retirement plans OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax - USD 1 Quarter
Change in unrealized gain (loss) on post-retirement plans OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax - USD 1 Quarter
Less: reclassification for amounts included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax - USD 1 Quarter
Less: reclassification for amounts included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax - USD 1 Quarter
Net change OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax - USD 1 Quarter
Net change OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax - USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $4.00M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $1.00M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $1.00M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $4.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $185.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $168.00M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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