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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Jun. 27, 2025
Jun. 28, 2024
Jun. 30, 2023
Cash flows from operating activities      
Net Income (Loss) $ (1,641,000,000) $ (672,000,000) $ (2,143,000,000)
Adjustments to reconcile net loss to net cash provided by (used in) operations:      
Depreciation and amortization 163,000,000 224,000,000 448,000,000
Stock-based compensation 182,000,000 149,000,000 165,000,000
Goodwill impairment 1,830,000,000 0 671,000,000
Deferred income taxes (12,000,000) (16,000,000) (81,000,000)
Asset Impairment 0 4,000,000 1,000,000
Gain on disposal of assets (1,000,000) (60,000,000) 0
Non-cash portion of impairment of cost method investments 1,000,000 0 0
Unrealized foreign exchange (gain) loss (25,000,000) 13,000,000 (37,000,000)
Gain on business divestiture (34,000,000) 0 0
Amortization of debt issuance costs and discounts 3,000,000 0 0
Equity loss in investees, net of dividends received 74,000,000 49,000,000 (45,000,000)
Gain on sale of investments 0 (1,000,000) (3,000,000)
Other non-cash operating activities, net 23,000,000 87,000,000 114,000,000
Settlement of accrued interest on Notes due to Western Digital Corporation (99,000,000) 0 0
Changes in:      
Accounts receivable, net (100,000,000) (395,000,000) 750,000,000
Inventories (160,000,000) 314,000,000 (277,000,000)
Accounts payable 93,000,000 32,000,000 (124,000,000)
Accounts payable to related parties (23,000,000) 21,000,000 (23,000,000)
Accrued expenses 13,000,000 (51,000,000) (104,000,000)
Accrued compensation 21,000,000 99,000,000 (56,000,000)
Other assets and liabilities, net (224,000,000) (106,000,000) 31,000,000
Net cash provided by (used in) operating activities 84,000,000 (309,000,000) (713,000,000)
Cash flows from investing activities      
Purchases of property, plant and equipment (204,000,000) (166,000,000) (219,000,000)
Proceeds from the sale of property, plant and equipment 0 137,000,000 0
Proceeds from dispositions of business 401,000,000 0 0
Notes receivable issuances to Flash Ventures (333,000,000) (243,000,000) (627,000,000)
Notes receivable proceeds from Flash Ventures 515,000,000 482,000,000 641,000,000
Distributions from Flash Ventures 176,000,000 0 0
Strategic investments and other, net 1,000,000 0 16,000,000
Net cash provided by (used in) investing activities 556,000,000 210,000,000 (189,000,000)
Cash flows from financing activities      
Issuance of stock under employee stock plans 5,000,000 0 0
Taxes paid on vested stock awards under employee stock plans (13,000,000) 0 0
Proceeds from debt 1,970,000,000 0 0
Repayments of debt (100,000,000) 0 0
Debt issuance costs (32,000,000) 0 0
Proceeds from borrowings on Notes due to Western Digital Corporation 550,000,000 0 54,000,000
Proceeds from principal repayments on Notes due from Western Digital Corporation 101,000,000 14,000,000 216,000,000
Repayments of principal on Notes due to Western Digital Corporation (76,000,000) (102,000,000) (86,000,000)
Transfers from (to) Western Digital Corporation (1,887,000,000) 394,000,000 676,000,000
Origination of Notes due from Western Digital Corporation 0 (170,000,000) 0
Net cash provided by financing activities 518,000,000 136,000,000 860,000,000
Effect of exchange rate changes on cash (5,000,000) (1,000,000) (1,000,000)
Net increase (decrease) in cash and cash equivalents 1,153,000,000 36,000,000 (43,000,000)
Cash and cash equivalents, beginning of year 328,000,000 292,000,000 335,000,000
Cash and cash equivalents, end of year 1,481,000,000 328,000,000 292,000,000
Supplemental disclosure of cash flow information:      
Cash paid for interest 139,000,000 12,000,000 7,000,000
Cash received for interest 2,000,000 10,000,000 12,000,000
Cash paid for income taxes 50,000,000 0 0
Notes due to (from) Western Digital Corporation 1,223,000,000    
Notes due to (from) Western Digital Corporation   (113,000,000) (316,000,000)
Other assets and liabilities, net, from Western Digital Corporation 105,000,000 0 0
Contribution of equity interest in Unis Venture from Western Digital Corporation 61,000,000 0 0
Property, plant and equipment from Western Digital Corporation 27,000,000 11,000,000 18,000,000
Tax balances from (to) Western Digital Corporation 8,000,000 (17,000,000) (2,000,000)
Tax indemnification liability transferred to Western Digital Corporation $ (112,000,000) $ 0 $ 0