Seagate Technology Holdings plc Files 10-Q
Ticker: STX · Form: 10-Q · Filed: Oct 25, 2024 · CIK: 1137789
Sentiment: neutral
Topics: 10-Q, financials, storage
TL;DR
**Seagate 10-Q filed!** Key financial data for storage giant out now.
AI Summary
Seagate Technology Holdings plc filed its 10-Q for the period ending September 27, 2024. The filing details financial performance and operational updates for the company, which is a key player in the computer storage devices industry. Specific financial figures and operational metrics are provided within the report.
Why It Matters
This 10-Q filing provides investors and analysts with crucial financial and operational data for Seagate Technology Holdings plc, impacting investment decisions and market analysis.
Risk Assessment
Risk Level: medium — As a publicly traded company in the technology sector, Seagate faces inherent market, competition, and technological risks detailed in its SEC filings.
Key Numbers
- 211,529,509 — Shares (Number of shares outstanding as of the reporting period.)
Key Players & Entities
- Seagate Technology Holdings plc (company) — Filer of the 10-Q report
- 20240927 (date) — End of the reporting period
- COMPUTER STORAGE DEVICES [3572] (industry) — Standard Industrial Classification for Seagate
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is September 27, 2024.
What is Seagate Technology Holdings plc's Standard Industrial Classification code?
Seagate Technology Holdings plc's Standard Industrial Classification code is COMPUTER STORAGE DEVICES [3572].
When was the previous fiscal year end for Seagate?
The previous fiscal year end for Seagate was June 27, 2024.
What is the filing date of this 10-Q report?
This 10-Q report was filed on October 25, 2024.
What is the company's business address?
The company's business address is 121 WOODLANDS AVENUE 5, SINGAPORE, U0, 739009.
Filing Stats: 4,801 words · 19 min read · ~16 pages · Grade level 15.7 · Accepted 2024-10-25 16:17:27
Key Financial Figures
- $0.00001 — Registered Ordinary Shares, par value $0.00001 per share STX The NASDAQ Global Select
- $1,000 — y period in which the trading price per $1,000 principal amount of 2028 Notes for each
Filing Documents
- stx-20240927.htm (10-Q) — 1346KB
- stx-ex101_20240927.htm (EX-10.1) — 112KB
- stx-ex311_20240927.htm (EX-31.1) — 11KB
- stx-ex312_20240927.htm (EX-31.2) — 11KB
- stx-ex321_20240927.htm (EX-32.1) — 9KB
- 0001137789-24-000182.txt ( ) — 7161KB
- stx-20240927.xsd (EX-101.SCH) — 39KB
- stx-20240927_cal.xml (EX-101.CAL) — 63KB
- stx-20240927_def.xml (EX-101.DEF) — 212KB
- stx-20240927_lab.xml (EX-101.LAB) — 576KB
- stx-20240927_pre.xml (EX-101.PRE) — 411KB
- stx-20240927_htm.xml (XML) — 1030KB
Financial Statements
Financial Statements 3 Condensed Consolidated Balance Sheets - September 27, 2024 (Unaudited) and June 28, 2024 1 Condensed Consolidated Statements of Operations - Three Months Ended September 27, 2024 and September 29, 2023 (Unaudited) 2 Condensed Consolidated Statements of Comprehensive (Loss) Income - Three Months Ended September 27, 2024 and September 29, 2023 (Unaudited) 3 Condensed Consolidated Statements of Cash Flows - Three Months Ended September 27, 2024 and September 29, 2023 (Unaudited) 4 Condensed Consolidated Statements of Shareholders' Deficit - Three Months Ended September 27, 2024 and September 29, 2023 (Unaudited) 5 Notes to Condensed Consolidated Financial Statements (Unaudited) 6 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 23 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 30 Item 4.
Controls and Procedures
Controls and Procedures 31 PART II OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 32 Item 1A.
Risk Factors
Risk Factors 32 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 52 Item 3. Defaults Upon Senior Securities 52 Item 4. Mine Safety Disclosures 52 Item 5. Other Information 53 Item 6. Exhibits 54
SIGNATURES
SIGNATURES 55 2 PART I FINANCIAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS Table of Contents Page Condensed Consolidated Balance Sheets 1 Condensed Consolidated Statements of Operations 2 Condensed Consolidated Statements of Comprehensive Income (Loss) 3 Condensed Consolidated Statements of Cash Flows 4 Condensed Consolidated Statements of Shareholders' Deficit 5 Notes to Condensed Consolidated Financial Statements Note 1. Basis of Presentation and Summary of Significant Accounting Policies 6 Note 2. Balance Sheet Information 7 Note 3. Debt 10 Note 4. Income Taxes 12 Note 5 . Derivative Financial Instruments 13 Note 6 . Fair Value 15 Note 7 . Shareholders' Deficit 18 Note 8 . Revenue 18 Note 9 . Guarantees 18 Note 10 . Net Income (Loss) Per Share 19 Note 1 1 . Legal, Environmental and Other Contingencies 19 Note 1 2 . Commitments 22 Note 1 3 . Subsequent Event 22 3 SEAGATE TECHNOLOGY HOLDINGS PLC CONDENSED CONSOLIDATED BALANCE SHEETS (In millions) September 27, 2024 June 28, 2024 (unaudited) ASSETS Current assets: Cash and cash equivalents $ 1,239 $ 1,358 Accounts receivable, net 628 429 Inventories, net 1,383 1,239 Other current assets 358 306 Total current assets 3,608 3,332 Property, equipment and leasehold improvements, net 1,599 1,614 Goodwill 1,219 1,219 Deferred income taxes 1,038 1,037 Other assets, net 508 537 Total Assets $ 7,972 $ 7,739 LIABILITIES AND SHAREHOLDERS' DEFICIT Current liabilities: Accounts payable $ 1,778 $ 1,786 Accrued employee compensation 148 106 Accrued warranty 71 74 Current portion of long-term debt 479 479 Accrued expenses 685 654 Total current liabilities 3,161 3,099 Long-term accrued warranty 70 75 Other non-current liabilities 844 861 Long-term debt, less current portion 5,197 5,195 Total Liabilities 9,272 9,230 Commitments and contingencies (See Notes 9, 11 and 12) Shareholders' Deficit: Ordinary shares and additional paid-in capital 7,533 7,471 Accumulated other comprehensive lo