Western Digital (WDC)

 

Net cash provided by financing activities for 2008 was $326 million as compared to net cash used in financing activities for 2007 of $86 million. Net cash provided by financing activities was $1 million for 2006. The net cash provided by financing activities in 2008 consisted of $500 million in net proceeds from acquisition related debt (see “Contractual Obligations and Commitments” below), $250 million repayment of convertible debentures assumed in the Acquisition, $60 million provided by the issuance of common stock under employee plans, $60 million used to repurchase our common stock, $89 million provided by a tax benefit from employee stock plans and $13 million used to repay other long-term debt. The net cash used in financing activities in 2007 consisted of $73 million used for repurchases of our common stock and $43 million used for repayments of long-term debt, offset by $30 million provided by the issuance of common stock under employee plans. The net cash provided by financing activities in 2006 consisted of $78 million provided by the issuance of common stock options under employee plans, offset by $54 million used in repurchases of our common stock and $23 million used for repayments of long-term debt.

 

 

Net cash provided by financing activities for 2008 was
$326 million as compared to net cash used in financing
activities for 2007 of $86 million. Net cash provided by
financing activities was $1 million for 2006. The net cash
provided by financing activities in 2008 consisted of
$500 million in net proceeds from acquisition related debt
(see “Contractual Obligations and Commitments” below),
$250 million repayment of convertible debentures assumed in
the Acquisition, $60 million provided by the issuance of
common stock under employee plans, $60 million used to
repurchase our common stock, $89 million provided by a tax
benefit from employee stock plans and $13 million used to
repay other long-term debt. The net cash used in financing
activities in 2007 consisted of $73 million used for
repurchases of our common stock and $43 million used for
repayments of long-term debt, offset by $30 million
provided by the issuance of common stock under employee plans.
The net cash provided by financing activities in 2006 consisted
of $78 million provided by the issuance of common stock
options under employee plans, offset by $54 million used in
repurchases of our common stock and $23 million used for
repayments of long-term debt.

 

 

Net cash used in financing activities for 2007 was $86 million as compared to net cash provided by financing activities of $1 million for 2006 and net cash used in financing activities of $7 million for 2005. The net cash used in financing activities in 2007 consisted of $73 million used for repurchases of our common stock and $43 million used for repayments of long-term debt, offset by $30 million received through the exercise of common stock options and our Employee Stock Purchase Plan. The net cash provided by financing activities in 2006 consisted of $78 million received through the exercise of common stock options and our Employee Stock Purchase Plan, offset by $54 million used in repurchases of our common stock and $23 million used for repayments of long-term debt. The net cash used in financing activities in 2005 consisted of $45 million used for repurchases of our common stock and $20 million for debt repayments, offset by $58 million received upon issuance of common stock under employee plans.

 

 

Net cash provided by financing activities for 2006 was $1 million as compared to net cash used for financing activities of $7 million for 2005 and net cash provided by financing activities of $21 million for 2004. The net cash provided by financing activities in 2006 consisted of $78 million received through the exercise of common stock options and our Employee Stock Purchase Plan, offset by repurchases of our common stock totaling $54 million and repayments of long-term debt totaling $23 million. The net cash used in financing activities in 2005 consisted of $45 million used for common stock repurchases and $20 million for debt repayments partially offset by $58 million received upon issuance of common stock under employee plans. The net cash provided by financing activities for 2004 consisted primarily of $24 million received upon issuance of common stock under employee plans and $14 million in net proceeds from long-term debt partially offset by $16 million used for common stock repurchases.