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10-Q Filing

Seagate Technology Holdings plc CIK: 1137789 Q1 2019
Filing Information
Form Type 10-Q
Accession Number 0001193125-18-317143
Period End Date 20180930
Filing Date 20181102
Fiscal Year 2019
Fiscal Period Q1
XBRL Instance stx-20180930.xml
Balance Sheet 58 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.29B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.94B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.85B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.54B USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $1.20B USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $1.19B USD Point-in-time
Inventories InventoryNet $1.04B USD Point-in-time
Inventories InventoryNet $1.12B USD Point-in-time
Other current assets OtherAssetsCurrent $263.00M USD Point-in-time
Other current assets OtherAssetsCurrent $220.00M USD Point-in-time
Total current assets AssetsCurrent $4.31B USD Point-in-time
Total current assets AssetsCurrent $4.52B USD Point-in-time
Property, equipment and leasehold improvements, net PropertyPlantAndEquipmentNet $1.79B USD Point-in-time
Property, equipment and leasehold improvements, net PropertyPlantAndEquipmentNet $1.79B USD Point-in-time
Investment in debt security DebtSecuritiesNoncurrent $1.27B USD Point-in-time
Investment in debt security DebtSecuritiesNoncurrent $1.26B 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 $188.00M USD Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $169.00M USD Point-in-time
Deferred income taxes DeferredTaxAssetsLiabilitiesNetNoncurrent $416.00M USD Point-in-time
Deferred income taxes DeferredTaxAssetsLiabilitiesNetNoncurrent $417.00M USD Point-in-time
Other assets, net OtherAssetsNoncurrent $191.00M USD Point-in-time
Other assets, net OtherAssetsNoncurrent $185.00M USD Point-in-time
Total Assets Assets $9.41B USD Point-in-time
Total Assets Assets $9.58B USD Point-in-time
Accounts payable AccountsPayableCurrent $1.73B USD Point-in-time
Accounts payable AccountsPayableCurrent $1.78B USD Point-in-time
Accrued employee compensation EmployeeRelatedLiabilitiesCurrent $174.00M USD Point-in-time
Accrued employee compensation EmployeeRelatedLiabilitiesCurrent $253.00M USD Point-in-time
Accrued warranty ProductWarrantyAccrualClassifiedCurrent $110.00M USD Point-in-time
Accrued warranty ProductWarrantyAccrualClassifiedCurrent $112.00M USD Point-in-time
Current portion of long-term debt LongTermDebtAndCapitalLeaseObligationsCurrent $499.00M USD Point-in-time
Current portion of long-term debt LongTermDebtAndCapitalLeaseObligationsCurrent $499.00M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $564.00M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $616.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $3.19B USD Point-in-time
Total current liabilities LiabilitiesCurrent $3.17B USD Point-in-time
Long-term accrued warranty ProductWarrantyAccrualNoncurrent $125.00M USD Point-in-time
Long-term accrued warranty ProductWarrantyAccrualNoncurrent $122.00M USD Point-in-time
Long-term accrued income taxes AccruedIncomeTaxesNoncurrent $10.00M USD Point-in-time
Long-term accrued income taxes AccruedIncomeTaxesNoncurrent $11.00M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $100.00M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $102.00M USD Point-in-time
Long-term debt, less current portion LongTermDebtNoncurrent $4.32B USD Point-in-time
Long-term debt, less current portion LongTermDebtNoncurrent $4.32B USD Point-in-time
Total Liabilities Liabilities $7.75B USD Point-in-time
Total Liabilities Liabilities $7.73B USD Point-in-time
Ordinary shares and additional paid-in capital CommonStocksIncludingAdditionalPaidInCapital $6.38B USD Point-in-time
Ordinary shares and additional paid-in capital CommonStocksIncludingAdditionalPaidInCapital $6.43B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-16.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-12.00M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-4.66B USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-4.57B USD Point-in-time
Total Equity StockholdersEquity $1.67B USD Point-in-time
Total Equity StockholdersEquity $1.85B USD Point-in-time
Total Liabilities and Equity LiabilitiesAndStockholdersEquity $9.58B USD Point-in-time
Total Liabilities and Equity LiabilitiesAndStockholdersEquity $9.41B USD Point-in-time
Income Statement 40 line items
Line Item Tag Value Unit Period
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $2.63B USD 1 Quarter
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $2.99B USD 1 Quarter
Cost of revenue CostOfGoodsAndServicesSold $1.90B USD 1 Quarter
Cost of revenue CostOfGoodsAndServicesSold $2.08B USD 1 Quarter
Product development ResearchAndDevelopmentExpense $263.00M USD 1 Quarter
Product development ResearchAndDevelopmentExpense $266.00M USD 1 Quarter
Marketing and administrative SellingGeneralAndAdministrativeExpense $145.00M USD 1 Quarter
Marketing and administrative SellingGeneralAndAdministrativeExpense $115.00M USD 1 Quarter
Amortization of intangibles Amortizationofintangibleassetsexcludingamountincludedincostofrevenue $22.00M USD 1 Quarter
Amortization of intangibles Amortizationofintangibleassetsexcludingamountincludedincostofrevenue $6.00M USD 1 Quarter
Restructuring and other, net RestructuringCharges $51.00M USD 1 Quarter
Restructuring and other, net RestructuringCharges $23.00M USD 1 Quarter
Total operating expenses CostsAndExpenses $2.38B USD 1 Quarter
Total operating expenses CostsAndExpenses $2.49B USD 1 Quarter
Income from operations OperatingIncomeLoss $503.00M USD 1 Quarter
Income from operations OperatingIncomeLoss $255.00M USD 1 Quarter
Interest income InvestmentIncomeInterest $7.00M USD 1 Quarter
Interest income InvestmentIncomeInterest $24.00M USD 1 Quarter
Interest expense InterestExpense $61.00M USD 1 Quarter
Interest expense InterestExpense $58.00M USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $-13.00M USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $-1.00M USD 1 Quarter
Other expense, net NonoperatingIncomeExpense $-67.00M USD 1 Quarter
Other expense, net NonoperatingIncomeExpense $-35.00M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $468.00M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $188.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $7.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $18.00M USD 1 Quarter
Net income NetIncomeLoss $181.00M USD 1 Quarter
Net income NetIncomeLoss $450.00M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $1.57 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 $1.54 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 287.00M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 290.00M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 292.00M 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 58 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $181.00M USD 1 Quarter
Net income NetIncomeLoss $450.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $161.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $134.00M USD 1 Quarter
Share-based compensation ShareBasedCompensation $32.00M USD 1 Quarter
Share-based compensation ShareBasedCompensation $18.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-3.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $2.00M USD 1 Quarter
Other non-cash operating activities, net OtherNoncashIncomeExpense $-1.00M USD 1 Quarter
Other non-cash operating activities, net OtherNoncashIncomeExpense $18.00M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $9.00M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $10.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $32.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $66.00M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-30.00M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $119.00M USD 1 Quarter
Accrued employee compensation IncreaseDecreaseInEmployeeRelatedLiabilities $-79.00M USD 1 Quarter
Accrued employee compensation IncreaseDecreaseInEmployeeRelatedLiabilities $-87.00M USD 1 Quarter
Accrued expenses, income taxes and warranty IncreaseDecreaseInOtherAccruedLiabilities $45.00M USD 1 Quarter
Accrued expenses, income taxes and warranty IncreaseDecreaseInOtherAccruedLiabilities $16.00M USD 1 Quarter
Other assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $-8.00M USD 1 Quarter
Other assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $9.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $237.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $587.00M USD 1 Quarter
Acquisition of property, equipment and leasehold improvements PaymentsToAcquirePropertyPlantAndEquipment $177.00M USD 1 Quarter
Acquisition of property, equipment and leasehold improvements PaymentsToAcquirePropertyPlantAndEquipment $124.00M USD 1 Quarter
Proceeds from sale of properties previously classified as held for sale ProceedsFromSaleOfPropertyHeldForSale $6.00M USD 1 Quarter
Proceeds from sale of properties previously classified as held for sale ProceedsFromSaleOfPropertyHeldForSale - USD 1 Quarter
Purchases of strategic investments PaymentsToAcquireAssetsInvestingActivities - USD 1 Quarter
Purchases of strategic investments PaymentsToAcquireAssetsInvestingActivities $5.00M 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 $-176.00M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-132.00M USD 1 Quarter
Dividends to shareholders PaymentsOfDividendsCommonStock $181.00M USD 1 Quarter
Dividends to shareholders PaymentsOfDividendsCommonStock $184.00M USD 1 Quarter
Repurchases of ordinary shares PaymentsForRepurchaseOfCommonStock $150.00M USD 1 Quarter
Repurchases of ordinary shares PaymentsForRepurchaseOfCommonStock $166.00M 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 $27.00M USD 1 Quarter
Proceeds from issuance of ordinary shares under employee stock plans ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $32.00M USD 1 Quarter
Proceeds from issuance of ordinary shares under employee stock plans ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $29.00M USD 1 Quarter
Repayments of Long-term Debt, Long-term Capital Lease Obligations, and Capital Securities RepaymentsOfLongTermDebtAndCapitalSecurities - USD 1 Quarter
Repayments of Long-term Debt, Long-term Capital Lease Obligations, and Capital Securities RepaymentsOfLongTermDebtAndCapitalSecurities $22.00M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-326.00M 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 $3.00M USD 1 Quarter
Effect of foreign currency exchange rate changes on cash, cash equivalents and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $4.00M USD 1 Quarter
Increase (decrease) in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $88.00M USD 1 Quarter
Increase (decrease) in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-254.00M 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 $1.95B USD Point-in-time
Cash, cash equivalents and restricted cash at the beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.86B 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 $1.95B USD Point-in-time
Cash, cash equivalents and restricted cash at the end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.86B USD Point-in-time
Stockholders Equity 16 line items
Line Item Tag Value Unit Period
Beginning balance StockholdersEquity $1.67B USD Point-in-time
Beginning balance StockholdersEquity $1.85B USD Point-in-time
Cumulative effect of adoption of new revenue standard (Note 1) AdjustmentsToAdditionalPaidInCapitalOther $-34.00M USD 1 Quarter
Net income NetIncomeLoss $181.00M USD 1 Quarter
Net income NetIncomeLoss $450.00M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $4.00M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $4.00M USD 1 Quarter
Issuance of ordinary shares under employee stock plans StockIssuedDuringPeriodValueShareBasedCompensation $32.00M USD 1 Quarter
Repurchases of ordinary shares (in shares) StockRepurchasedDuringPeriodShares 3.00M shares 1 Quarter
Repurchases of ordinary shares StockRepurchasedDuringPeriodValue $150.00M 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 $27.00M USD 1 Quarter
Dividends to shareholders DividendsCommonStockCash $180.00M USD 1 Quarter
Share-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $18.00M USD 1 Quarter
Ending balance StockholdersEquity $1.67B USD Point-in-time
Ending balance StockholdersEquity $1.85B 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 $450.00M USD 1 Quarter
Change in net unrealized gain (loss) on cash flow hedges OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $3.00M USD 1 Quarter
Change in net unrealized gain (loss) on cash flow hedges OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax - USD 1 Quarter
Less: reclassification for amounts included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax - USD 1 Quarter
Less: reclassification for amounts included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $1.00M USD 1 Quarter
Net change OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $2.00M USD 1 Quarter
Net change OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax - USD 1 Quarter
Change in net unrealized gain (loss) on available-for-sale debt securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax - USD 1 Quarter
Change in net unrealized gain (loss) on available-for-sale debt 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 $2.00M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $4.00M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $4.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $454.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $185.00M USD 1 Quarter

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

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