Western Digital (Western Digital) Retained Earnings

: $6,601 Mil (As of Dec. 2023)

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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Western Digital's retained earnings for the quarter that ended in Dec. 2023 was $6,601 Mil.

Western Digital's quarterly retained earnings declined from Jun. 2023 ($7,424 Mil) to Sep. 2023 ($6,739 Mil) and declined from Sep. 2023 ($6,739 Mil) to Dec. 2023 ($6,601 Mil).

Western Digital's annual retained earnings increased from Jun. 2021 ($7,539 Mil) to Jun. 2022 ($9,039 Mil) but then declined from Jun. 2022 ($9,039 Mil) to Jun. 2023 ($7,424 Mil).

Western Digital Retained Earnings Historical Data

The historical data trend for Western Digital's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Western Digital Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Retained Earnings

7,449.00

6,725.00

7,539.00

9,039.00

7,424.00

Western Digital Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings																8,711.00	8,139.00	7,424.00	6,739.00	6,601.00

Western Digital Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Western Digital (NAS:WDC) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Western Digital (Western Digital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Western Digital Corp (NAS:WDC) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

WDC:Mexico 1WDC:Italy WDC:Germany WDC:Germany WDC:Germany WDC:Austria

Address

5601 Great Oaks Parkway, San Jose, CA, USA, 95119

Website

https://www.wdc.com

Western Digital is a leading vertically integrated supplier of data storage solutions, spanning both hard disk drives and solid-state drives. In the HDD market it forms a practical duopoly with Seagate, and it is the largest global producer of NAND flash chips for SSDs in a joint venture with competitor Kioxia.

Executives

Robert Soderbery	officer: EVP & GM, Flash Business	C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Gene M. Zamiska	officer: Principal Accounting Officer	C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Reed B Rayman	director	6775 LENOX CENTER COURT, SUITE 400, MEMPHIS TN 38115
David Goeckeler	director, officer: Chief Executive Officer	C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Wissam G Jabre	officer: EVP & CFO	C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Paula A Price	director	ONE CVS DRIVE, WOONSOCKET RI 02895
Miyuki Suzuki	director	C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Thomas Caulfield	director	C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Lori S Sundberg	officer: EVP & Chief Human Res Officer	400 NORTH FIFTH STREET, PHOENIX AZ 85004
Michael Charles Ray	officer: Sr. VP, Gen Cnsl & Secretary	C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Sean Hunkler	officer: EVP, Global Operations	C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Michael D Cordano	officer: President, HGST Subsidiary	C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Stephen D Milligan	officer: Sr. V.P. & CFO	C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Matthew E Massengill	director, officer: Chairman and CEO	C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Robert K Eulau	officer: EVP & CFO	5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119