Seagate Technology PLC (STX) Financials

Seagate Technology PLC (STX) is a data storage company that specializes in manufacturing hard disk drives (HDDs) and solid-state drives (SSDs). The company operates in two segments: HDDs and SSDs. In 2020, Seagate generated a total revenue of $10.73 billion, with a gross profit of $2.69 billion. The company's net income from stockholders for the year was $1.08 billion. Seagate's total assets amounted to $8.86 billion, with total liabilities of $6.11 billion. The stockholders' equity was $2.75 billion.

Seagate's income statement shows that the company had an earnings before interest and taxes (EBIT) of $1.38 billion, and an EBITDA of $1.69 billion in 2020. The EBIT represents the operating profit before deducting interest and taxes, while the EBITDA measures the operating profit before interest, taxes, depreciation, and amortization. Seagate also had $1.9 billion in cash equivalents, which are highly liquid assets that can be readily converted into cash. The company's net debt was $5.24 billion, indicating that it had more debt than cash and cash equivalents. The financing cash flow for Seagate was -$444 million, which shows that the company had a net outflow of cash from financing activities. The investing cash flow was -$331 million, indicating that Seagate invested more cash in its operations and acquisitions than it received from divestments and asset sales. Finally, the operating cash flow was $1.6 billion, indicating that the company generated substantial cash from its core business operations.