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Sandisk Corp
Export XLSX
| USD ($) $ in Millions | Jul 3, 2026 | Jun 27, 2025 |
|---|---|---|
Cash flows from operating activities | ||
Net income (loss) | $ 11,433 | $ (1,641) |
Adjustments to reconcile net income (loss) to net cash provided by operations: | ||
Depreciation and amortization | 149 | 163 |
Stock-based compensation | 232 | 182 |
Goodwill impairment | 0 | 1,830 |
Deferred income taxes | 120 | (12) |
Asset Impairment | - | 0 |
(Gain) loss on disposal of assets | 5 | (1) |
Gain (loss) on equity securities, net | (808) | - |
Non-cash portion of impairment of cost method investments | - | 1 |
Unrealized foreign exchange (gain) loss | 86 | (25) |
(Gain) loss on business divestiture | 10 | (34) |
Loss on debt extinguishment | 46 | - |
Amortization of debt issuance costs and discounts | 7 | 3 |
Equity loss in investees, net of dividends received | 160 | 74 |
Settlement of accrued interest on Notes due to Western Digital Corporation | 0 | (99) |
Gain on sale of investments | - | 0 |
Other non-cash operating activities, net | 19 | 23 |
Changes in: | ||
Accounts receivable, net | (3,640) | (100) |
Inventories | (619) | (160) |
Accounts payable | 109 | 93 |
Accounts payable to related parties | 60 | (23) |
Accrued expenses | 10 | 13 |
Accrued compensation | 460 | 21 |
Refund liability | 1,374 | - |
Contract liabilities | 1,217 | - |
Income taxes payable | 1,370 | - |
Other assets and liabilities, net | (129) | (224) |
Net cash provided by (used in) operating activities | 11,671 | 84 |
Cash flows from investing activities | ||
Purchase of marketable equity securities | (970) | - |
Purchases of property, plant and equipment | (177) | (204) |
Proceeds from the sale of property, plant and equipment | 0 | 0 |
Proceeds from dispositions of business | 25 | 401 |
Notes receivable issuances to Flash Ventures | (462) | (333) |
Notes receivable proceeds from Flash Ventures | 187 | 515 |
Distributions from Flash Ventures | 0 | 176 |
Strategic investments and other, net | 11 | 1 |
Net cash provided by (used in) investing activities | (1,386) | 556 |
Cash flows from financing activities | ||
Issuance of stock under employee stock plans | 53 | 5 |
Taxes paid on vested stock awards under employee stock plans | (630) | (13) |
Repurchases of common stock | (4,524) | - |
Proceeds from debt | 0 | 1,970 |
Repayment of debt | (1,900) | (100) |
Debt issuance costs | 0 | (32) |
Proceeds from borrowings on Notes due to Western Digital Corporation | 0 | 550 |
Proceeds from principal repayments on Notes due from Western Digital Corporation | 0 | 101 |
Repayments of principal on Notes due to Western Digital Corporation | 0 | (76) |
Transfers from (to) Western Digital Corporation | 0 | (1,887) |
Origination of Notes due from Western Digital Corporation | 0 | 0 |
Net cash provided by (used in) financing activities | (7,001) | 518 |
Effect of exchange rate changes on cash | (3) | (5) |
Net increase in cash and cash equivalents | 3,281 | 1,153 |
Supplemental disclosure of cash flow information: | ||
Cash paid for interest | 116 | 139 |
Cash received for interest | 70 | 2 |
Cash paid for income taxes | 146 | 50 |
Accrued purchases of long-lived assets | 56 | - |
Notes due to Western Digital Corporation | 0 | 1,223 |
Other assets and liabilities, net, from Western Digital Corporation | 0 | 105 |
Contribution of equity interest in Unis Venture from Western Digital Corporation | 0 | 61 |
Property, plant and equipment from Western Digital Corporation | 0 | 27 |
Tax balances from (to) Western Digital Corporation | 0 | 8 |
Tax indemnification liability to Western Digital Corporation | $ 0 | $ (112) |