Sandisk Corp (SNDK) financial statements (2022 and earlier)
Company profile
| Business Address |
951 SANDISK DRIVE MILPITAS, CA 95035 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 3572 - Computer Storage Devices (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 3/31/2016 Q1 | 12/31/2015 Q4 | 9/30/2015 Q3 | 6/30/2015 Q2 | 3/31/2015 Q1 | 12/31/2014 Q4 | 9/30/2014 Q3 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 4,521 | 4,006 | 1,699 | 1,764 | 1,997 | 2,265 | 2,301 | ||
| Cash and cash equivalents | 3,272 | 1,479 | 698 | 686 | 650 | 809 | 931 | ||
| Short-term investments | 1,249 | 2,527 | 1,001 | 1,078 | 1,348 | 1,456 | 1,370 | ||
| Receivables | 497 | 618 | 828 | 802 | 753 | 930 | 964 | ||
| Inventory, net of allowances, customer advances and progress billings | 881 | 809 | 785 | 781 | 713 | 698 | 782 | ||
| Inventory | 881 | 809 | 785 | 781 | 713 | 698 | 782 | ||
| Prepaid expense | 20 | 23 | 21 | 19 | 25 | ||||
| Other current assets | 254 | 226 | 211 | 311 | 291 | 215 | 231 | ||
| Other undisclosed current assets | 72 | (23) | (23) | 74 | 51 | ||||
| Total current assets: | 6,153 | 5,660 | 3,614 | 3,657 | 3,753 | 4,200 | 4,354 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 790 | 817 | 831 | 805 | 770 | 724 | 692 | ||
| Long-term investments and receivables | 112 | 117 | 2,176 | 2,239 | 2,397 | 2,758 | 2,844 | ||
| Long-term investments | 112 | 117 | 2,176 | 2,239 | 2,397 | 2,758 | 2,844 | ||
| Intangible assets, net (including goodwill) | 1,098 | 1,128 | 1,175 | 1,222 | 1,269 | 1,374 | 1,455 | ||
| Goodwill | 831 | 831 | 831 | 831 | 831 | 831 | 861 | ||
| Intangible assets, net (excluding goodwill) | 267 | 297 | 343 | 390 | 438 | 542 | 594 | ||
| Regulated entity, other noncurrent assets | 12 | ||||||||
| Other noncurrent assets | 148 | 174 | 132 | 132 | 125 | 109 | 96 | ||
| Other undisclosed noncurrent assets | 1,210 | 1,335 | 1,146 | 1,095 | 1,147 | 1,125 | 1,256 | ||
| Total noncurrent assets: | 3,358 | 3,571 | 5,459 | 5,492 | 5,708 | 6,090 | 6,354 | ||
| TOTAL ASSETS: | 9,512 | 9,231 | 9,073 | 9,149 | 9,461 | 10,290 | 10,708 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 711 | 323 | 762 | 768 | 806 | 902 | 868 | ||
| Accounts payable | 293 | 323 | 427 | 412 | 398 | 404 | 412 | ||
| Accrued liabilities | 418 | 156 | 173 | 220 | 190 | 188 | |||
| Employee-related liabilities | 139 | 153 | 153 | 234 | 192 | ||||
| Taxes payable | 41 | 29 | 35 | 74 | 76 | ||||
| Debt | 2,176 | 913 | 892 | 881 | 870 | 862 | |||
| Due to related parties | 195 | 178 | 143 | 140 | 148 | 136 | 135 | ||
| Other liabilities | 406 | 354 | 337 | 356 | 409 | 506 | 480 | ||
| Other undisclosed current liabilities | 206 | 236 | (103) | (119) | (153) | (223) | (130) | ||
| Total current liabilities: | 3,693 | 2,003 | 1,139 | 2,037 | 2,091 | 2,191 | 2,215 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,238 | 2,138 | 1,223 | 1,211 | 1,200 | 1,188 | |||
| Long-term debt, excluding current maturities | 1,238 | 2,138 | 1,223 | 1,211 | 1,200 | 1,188 | |||
| Liabilities, other than long-term debt | 179 | 170 | 251 | 247 | 334 | 400 | 387 | ||
| Accounts payable and accrued liabilities | 89 | 84 | 126 | 132 | 119 | ||||
| Deferred tax liabilities, net | 0 | 0 | 0 | 22 | 25 | ||||
| Other liabilities | 179 | 170 | 162 | 163 | 207 | 246 | 242 | ||
| Other undisclosed noncurrent liabilities | (89) | (84) | (127) | (155) | (144) | ||||
| Total noncurrent liabilities: | 179 | 1,408 | 2,300 | 1,386 | 1,418 | 1,445 | 1,431 | ||
| Total liabilities: | 3,872 | 3,411 | 3,439 | 3,423 | 3,509 | 3,636 | 3,646 | ||
| Temporary equity, carrying amount | 310 | 80 | 105 | 116 | 127 | 138 | |||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 5,330 | 5,739 | 5,634 | 5,622 | 5,837 | 6,528 | 6,926 | ||
| Additional paid in capital | 4,612 | 5,204 | 5,233 | 5,141 | 5,144 | 5,237 | 5,243 | ||
| Accumulated other comprehensive loss | (94) | (199) | (197) | (224) | (183) | (208) | (97) | ||
| Retained earnings | 812 | 734 | 598 | 704 | 876 | 1,499 | 1,780 | ||
| Other undisclosed stockholders' equity attributable to parent | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Stockholders' equity attributable to noncontrolling interest | (1) | (1) | (2) | ||||||
| Total stockholders' equity: | 5,330 | 5,739 | 5,634 | 5,622 | 5,836 | 6,527 | 6,924 | ||
| TOTAL LIABILITIES AND EQUITY: | 9,512 | 9,231 | 9,073 | 9,149 | 9,461 | 10,290 | 10,708 | ||
Income statement (P&L) ($ in millions)
| 3/31/2016 Q1 | 12/31/2015 Q4 | 9/30/2015 Q3 | 6/30/2015 Q2 | 3/31/2015 Q1 | 12/31/2014 Q4 | 9/30/2014 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,366 | 1,543 | 1,452 | 1,237 | 1,332 | 1,735 | 1,746 | |
| Cost of revenue | (822) | (918) | (849) | (753) | (787) | (995) | (929) | |
| Cost of goods and services sold | (794) | (889) | (821) | (724) | (762) | (962) | (901) | |
| Gross profit: | 543 | 625 | 603 | 484 | 545 | 740 | 817 | |
| Operating expenses | (406) | (407) | (365) | (380) | (488) | (411) | (429) | |
| Operating income: | 137 | 218 | 237 | 104 | 57 | 328 | 388 | |
| Nonoperating expense | (15) | (27) | (23) | (13) | (24) | (25) | (15) | |
| Investment income, nonoperating | 2 | (1) | (1) | 2 | 3 | |||
| Income from continuing operations before income taxes: | 122 | 191 | 214 | 91 | 34 | 303 | 373 | |
| Income tax expense (benefit) | (43) | (55) | (81) | (10) | 5 | (102) | (110) | |
| Net income: | 78 | 135 | 133 | 81 | 39 | 202 | 263 | |
| Other undisclosed net loss attributable to parent | (0) | (1) | ||||||
| Net income available to common stockholders, diluted: | 78 | 135 | 133 | 81 | 39 | 201 | 263 | |
Comprehensive Income ($ in millions)
| 3/31/2016 Q1 | 12/31/2015 Q4 | 9/30/2015 Q3 | 6/30/2015 Q2 | 3/31/2015 Q1 | 12/31/2014 Q4 | 9/30/2014 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 78 | 135 | 133 | 81 | 39 | 202 | 263 | |
| Other comprehensive income (loss) | 105 | (2) | 26 | (41) | 25 | (111) | (89) | |
| Comprehensive income: | 183 | 134 | 159 | 40 | 64 | 91 | 173 | |
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (0) | (1) | ||||||
| Comprehensive income, net of tax, attributable to parent: | 183 | 134 | 159 | 40 | 64 | 90 | 173 | |
Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.