Seagate Historical Income Statement

STX Stock

USD 87.39 1.01 1.14%

Historical analysis of Seagate Technology income statement accounts such as Total Operating Expenses of 1.5 B, Income Tax Expense of 311 M, Interest Expense of 134 M or Selling General Administrative of 632.8 M can show how well Seagate Technology PLC performed in making a profits. Evaluating Seagate Technology income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Seagate Technology's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Seagate Technology PLC latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Seagate Technology PLC is a good buy for the upcoming year.

Net Income Gross Profit

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About Seagate Income Statement Analysis

Seagate Technology PLC Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Seagate Technology shareholders. The income statement also shows Seagate investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Seagate Technology Income Statement Chart

At this time, Seagate Technology's Tax Provision is fairly stable compared to the past year. Reconciled Depreciation is likely to rise to about 389.2 M in 2024, whereas Gross Profit is likely to drop slightly above 1.4 B in 2024.

Total Revenue Gross Profit Other Operating Expenses Selling General Administrative Selling And Marketing Expenses

Total Revenue

Total revenue comprises all receipts Seagate Technology PLC generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Seagate Technology PLC minus its cost of goods sold. It is profit before Seagate Technology operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Seagate Technology PLC. It is also known as Seagate Technology overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Most accounts from Seagate Technology's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Seagate Technology PLC current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Seagate Technology PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

	2021	2022	2023	2024 (projected)
Total Revenue	11.7B	7.4B	6.6B	9.8B
Depreciation And Amortization	451M	513M	264M	931M

Total Revenue Depreciation And Amortization

Seagate Technology income statement Correlations

	Depreciation And Amortization	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Net Income	Income Tax Expense	Interest Expense	Selling General Administrative	Research Development	Cost Of Revenue	Income Before Tax	Total Other Income Expense Net	Selling And Marketing Expenses	Net Income From Continuing Ops	Non Recurring	Non Operating Income Net Other	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Extraordinary Items
Depreciation And Amortization		-0.41	0.67	-0.35	-0.27	-0.29	0.65	-0.96	-0.11	-0.62	-0.82	0.52	-0.21	-0.39	-0.32	0.1	0.11	-0.16	-0.28	-0.28	0.22	0.44	0.18	0.36	-0.14
Total Revenue	-0.41		0.3	0.97	0.68	0.63	0.14	0.58	0.57	0.32	0.1	0.28	0.75	0.98	0.68	0.28	0.21	0.78	-0.32	-0.35	0.2	0.46	0.49	0.5	-0.45
Gross Profit	0.67	0.3		0.24	0.48	0.45	0.94	-0.56	0.57	-0.49	-0.6	0.55	0.24	0.22	0.43	0.25	0.24	0.54	-0.49	-0.59	0.31	0.75	0.66	0.67	-0.53
Other Operating Expenses	-0.35	0.97	0.24		0.5	0.44	0.04	0.57	0.39	0.36	-0.01	0.43	0.83	0.99	0.5	0.34	0.18	0.64	-0.28	-0.33	0.24	0.46	0.41	0.55	-0.43
Operating Income	-0.27	0.68	0.48	0.5		0.99	0.55	0.3	0.97	-0.05	0.32	-0.06	0.37	0.51	1.0	0.22	0.03	0.8	-0.27	-0.39	0.04	0.4	0.66	0.36	-0.47
Ebit	-0.29	0.63	0.45	0.44	0.99		0.54	0.31	0.97	-0.05	0.37	-0.14	0.32	0.46	0.99	0.13	0.03	0.76	-0.21	-0.39	0.02	0.34	0.63	0.33	-0.44
Ebitda	0.65	0.14	0.94	0.04	0.55	0.54		-0.6	0.67	-0.59	-0.43	0.35	0.07	0.02	0.5	0.19	0.13	0.46	-0.42	-0.56	0.22	0.66	0.66	0.58	-0.47
Total Operating Expenses	-0.96	0.58	-0.56	0.57	0.3	0.31	-0.6		0.14	0.65	0.71	-0.29	0.45	0.58	0.35	0.03	-0.06	0.23	0.23	0.16	-0.14	-0.29	-0.06	-0.13	0.02
Net Income	-0.11	0.57	0.57	0.39	0.97	0.97	0.67	0.14		-0.27	0.22	-0.05	0.29	0.39	0.97	0.22	0.04	0.79	-0.37	-0.4	-0.07	0.47	0.74	0.39	-0.49
Income Tax Expense	-0.62	0.32	-0.49	0.36	-0.05	-0.05	-0.59	0.65	-0.27		0.44	0.02	0.24	0.37	-0.02	0.14	-0.09	-0.12	0.44	0.22	0.52	-0.3	-0.49	-0.21	0.28
Interest Expense	-0.82	0.1	-0.6	-0.01	0.32	0.37	-0.43	0.71	0.22	0.44		-0.65	-0.13	0.03	0.37	-0.06	-0.25	0.02	0.29	0.36	-0.17	-0.39	-0.3	-0.38	0.26
Selling General Administrative	0.52	0.28	0.55	0.43	-0.06	-0.14	0.35	-0.29	-0.05	0.02	-0.65		0.58	0.35	-0.08	0.61	0.1	0.09	-0.22	-0.27	0.52	0.62	0.22	0.68	-0.23
Research Development	-0.21	0.75	0.24	0.83	0.37	0.32	0.07	0.45	0.29	0.24	-0.13	0.58		0.76	0.37	0.38	0.08	0.37	0.0	-0.44	0.12	0.33	0.54	0.69	-0.51
Cost Of Revenue	-0.39	0.98	0.22	0.99	0.51	0.46	0.02	0.58	0.39	0.37	0.03	0.35	0.76		0.51	0.29	0.21	0.68	-0.32	-0.3	0.23	0.45	0.39	0.48	-0.4
Income Before Tax	-0.32	0.68	0.43	0.5	1.0	0.99	0.5	0.35	0.97	-0.02	0.37	-0.08	0.37	0.51		0.24	0.02	0.79	-0.26	-0.34	0.02	0.38	0.63	0.33	-0.44
Total Other Income Expense Net	0.1	0.28	0.25	0.34	0.22	0.13	0.19	0.03	0.22	0.14	-0.06	0.61	0.38	0.29	0.24		-0.14	0.26	-0.36	0.12	0.29	0.58	0.14	0.35	0.02
Selling And Marketing Expenses	0.11	0.21	0.24	0.18	0.03	0.03	0.13	-0.06	0.04	-0.09	-0.25	0.1	0.08	0.21	0.02	-0.14		0.33	-0.24	-0.18	-0.02	0.15	0.18	0.23	-0.14
Net Income From Continuing Ops	-0.16	0.78	0.54	0.64	0.8	0.76	0.46	0.23	0.79	-0.12	0.02	0.09	0.37	0.68	0.79	0.26	0.33		-0.61	-0.26	-0.05	0.56	0.61	0.32	-0.35
Non Recurring	-0.28	-0.32	-0.49	-0.28	-0.27	-0.21	-0.42	0.23	-0.37	0.44	0.29	-0.22	0.0	-0.32	-0.26	-0.36	-0.24	-0.61		0.15	0.08	-0.78	-0.38	-0.23	0.18
Non Operating Income Net Other	-0.28	-0.35	-0.59	-0.33	-0.39	-0.39	-0.56	0.16	-0.4	0.22	0.36	-0.27	-0.44	-0.3	-0.34	0.12	-0.18	-0.26	0.15		-0.26	-0.44	-0.68	-0.62	0.51
Tax Provision	0.22	0.2	0.31	0.24	0.04	0.02	0.22	-0.14	-0.07	0.52	-0.17	0.52	0.12	0.23	0.02	0.29	-0.02	-0.05	0.08	-0.26		0.35	-0.22	0.28	0.06
Interest Income	0.44	0.46	0.75	0.46	0.4	0.34	0.66	-0.29	0.47	-0.3	-0.39	0.62	0.33	0.45	0.38	0.58	0.15	0.56	-0.78	-0.44	0.35		0.47	0.68	-0.28
Net Interest Income	0.18	0.49	0.66	0.41	0.66	0.63	0.66	-0.06	0.74	-0.49	-0.3	0.22	0.54	0.39	0.63	0.14	0.18	0.61	-0.38	-0.68	-0.22	0.47		0.6	-0.72
Reconciled Depreciation	0.36	0.5	0.67	0.55	0.36	0.33	0.58	-0.13	0.39	-0.21	-0.38	0.68	0.69	0.48	0.33	0.35	0.23	0.32	-0.23	-0.62	0.28	0.68	0.6		-0.61
Extraordinary Items	-0.14	-0.45	-0.53	-0.43	-0.47	-0.44	-0.47	0.02	-0.49	0.28	0.26	-0.23	-0.51	-0.4	-0.44	0.02	-0.14	-0.35	0.18	0.51	0.06	-0.28	-0.72	-0.61

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Seagate Technology Account Relationship Matchups

Seagate Technology income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	394M	397M	451M	513M	264M	931M
Total Revenue	10.5B	10.7B	11.7B	7.4B	6.6B	9.8B
Gross Profit	2.8B	2.9B	3.5B	1.4B	1.5B	1.4B
Other Operating Expenses	9.1B	9.2B	9.7B	7.3B	6.1B	9.9B
Operating Income	1.3B	1.5B	2.0B	(342M)	452M	(2.6B)
Ebit	1.3B	1.5B	2.0B	(212M)	766M	(2.6B)
Ebitda	1.7B	1.9B	2.4B	301M	1.0B	(1.7B)
Total Operating Expenses	1.5B	1.4B	1.5B	1.3B	1.1B	1.5B
Net Income	1.0B	1.3B	1.6B	(529M)	335M	(3.1B)
Income Tax Expense	28M	34M	30M	33M	110M	311M
Interest Expense	201M	220M	249M	313M	332M	134M
Selling General Administrative	454M	502M	525M	461M	442M	632.8M
Research Development	991M	973M	903M	941M	654M	953M
Cost Of Revenue	7.7B	7.8B	8.2B	6.0B	5.0B	8.4B
Income Before Tax	1.0B	1.3B	1.7B	(496M)	445M	(2.8B)
Total Other Income Expense Net	(268M)	(144M)	(276M)	(154M)	(7M)	(140M)
Net Income Applicable To Common Shares	1.0B	1.3B	1.6B	(529M)	(608.4M)	(577.9M)
Selling And Marketing Expenses	19M	502M	34M	30M	18M	537M
Net Income From Continuing Ops	1.0B	1.3B	1.6B	(529M)	335M	318.3M
Non Recurring	89M	(22M)	82M	102M	117.3M	68.4M
Non Operating Income Net Other	20M	109M	(67M)	159M	182.9M	192.0M
Tax Provision	28M	34M	30M	33M	110M	115.5M
Interest Income	84M	20M	2M	10M	15M	14.3M
Net Interest Income	(181M)	(218M)	(247M)	(303M)	(317M)	(332.9M)
Reconciled Depreciation	379M	397M	451M	513M	264M	389.2M

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Seagate Historical Income Statement

About Seagate Income Statement Analysis

Seagate Technology Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Seagate Technology income statement Correlations

Seagate Technology Account Relationship Matchups

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Seagate Technology income statement Accounts

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Income Before Tax	+ 1.0	Operating Income
Cost Of Revenue	+ 0.99	Other Operating Expenses
Ebit	+ 0.99	Operating Income
Income Before Tax	+ 0.99	Ebit
Cost Of Revenue	+ 0.98	Total Revenue
Other Operating Expenses	+ 0.97	Total Revenue

Total Operating Expenses	- 0.96	Depreciation And Amortization
Interest Expense	- 0.82	Depreciation And Amortization
Interest Income	- 0.78	Non Recurring
Extraordinary Items	- 0.72	Net Interest Income
Net Interest Income	- 0.68	Non Operating Income Net Other
Selling General Administrative	- 0.65	Interest Expense