Seagate Technology Holdings plc (STX) [Rocket]

In millions, except per share items	Jun-30-23	Jul-01-22	Jul-02-21	Jul-03-20	Jun-28-19	Jun-29-18	Jun-30-17	Jul-01-16
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Singapore	3,271	5,322	5,180	5,032	5,085	5,445	5,070	5,354
United States	3,053	4,694	3,656	3,583	3,310	3,719	3,535	3,376
The Netherlands	1,046	1,627	1,825	1,572	1,630	1,598	1,501	1,813
Other								617
Other	14	18	20	322	365	422	665
Total revenues	7,384	11,661	10,681	10,509	10,390	11,184	10,771	11,160
Revenue growth [+]	-36.7%	9.2%	1.6%	1.1%	-7.1%	3.8%	-3.5%	-18.8%
Singapore	-38.5%	2.7%	2.9%	-1.0%	-6.6%	7.4%	-5.3%	-21.8%
United States	-35.0%	28.4%	2.0%	8.2%	-11.0%	5.2%	4.7%	-14.1%
The Netherlands	-35.7%	-10.8%	16.1%	-3.6%	2.0%	6.5%	-17.2%	-20.9%
Other								-8.6%
Cost of goods sold	6,033	8,192	7,764	7,667	7,458	7,820	7,597	8,545
Gross profit	1,351	3,469	2,917	2,842	2,932	3,364	3,174	2,615
Gross margin	18.3%	29.7%	27.3%	27.0%	28.2%	30.1%	29.5%	23.4%
Selling, general and administrative	491	559	502	473	453	562	606	635
Research and development	797	941	903	973	991	1,026	1,232	1,237
Other operating expenses	-167							123
EBITDA [+]	740	2,409	1,897	1,761	2,006	2,321	1,981	1,435
EBITDA growth	-69.3%	27.0%	7.7%	-12.2%	-13.6%	17.2%	38.0%	-51.0%
EBITDA margin	10.0%	20.7%	17.8%	16.8%	19.3%	20.8%	18.4%	12.9%
Depreciation	504	431	368	326	464	487	581	641
EBITA	236	1,978	1,529	1,435	1,542	1,834	1,400	794
EBITA margin	3.2%	17.0%	14.3%	13.7%	14.8%	16.4%	13.0%	7.1%
Amortization of intangibles	9	20	29	53	77	111	168	174
EBIT [+]	227	1,958	1,500	1,382	1,465	1,723	1,232	620
EBIT growth	-88.4%	30.5%	8.5%	-5.7%	-15.0%	39.9%	98.7%	-70.3%
EBIT margin	3.1%	16.8%	14.0%	13.2%	14.1%	15.4%	11.4%	5.6%
Non-recurring items [+]	569	3	8	82	-22	89	178	175
Asset impairment	167
Loss on contingent liability	300
Interest expense, net [+]	303	247	218	181	140	198	210	190
Interest expense	313	249	220	201	224	236	222	193
Interest income	10	2	2	20	84	38	12	3
Other income (expense), net [+]	149	-29	74	-87	25	-18	-29	19
Gain (loss) on debt retirement	190
Other	-41	-29	74	-87	25	-18	-29	19
Pre-tax income	-496	1,679	1,348	1,032	1,372	1,418	815	274
Income taxes	33	30	34	28	-640	236	43	26
Tax rate		1.8%	2.5%	2.7%		16.6%	5.3%	9.5%
Net income	-529	1,649	1,314	1,004	2,012	1,182	772	248
Net margin	-7.2%	14.1%	12.3%	9.6%	19.4%	10.6%	7.2%	2.2%

Basic EPS [+]	($2.56)	$7.50	$5.43	$3.83	$7.13	$4.10	$2.61	$0.83
Growth	-134.1%	38.0%	41.7%	-46.3%	73.8%	57.4%	214.4%	-84.6%
Diluted EPS [+]	($2.56)	$7.36	$5.36	$3.79	$7.06	$4.05	$2.58	$0.82
Growth	-134.7%	37.3%	41.6%	-46.3%	74.4%	56.8%	214.4%	-84.4%

Dividends per share [+]	$2.80	$2.77	$2.66	$2.58	$2.52	$2.52	$2.52	$2.43
Growth	1.1%	4.1%	3.1%	2.4%	0.0%	0.0%	3.7%	18.5%

Shares outstanding (basic) [+]	207	220	242	262	282	288	296	299
Growth	-5.9%	-9.1%	-7.6%	-7.1%	-2.1%	-2.7%	-1.0%	-7.7%
Shares outstanding (diluted) [+]	207	224	245	265	285	292	299	302
Growth	-7.6%	-8.6%	-7.5%	-7.0%	-2.4%	-2.3%	-1.0%	-8.8%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.