Income Statement Sandisk Corporation

Stocks

SNDK

US80004C2008

Computer Hardware

Market Closed - Nasdaq Other stock markets 01:30:00 14/07/2026 am IST			Pre-market 05:30:00 am
1,673.97 ^USD	-12.63%		1,645.80	-1.68%

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Published financial data: SANDISK CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2022	2023	2024	2025
Revenues	975.4Cr	608.6Cr	666.3Cr	735.5Cr
Total Revenues	975.4Cr	608.6Cr	666.3Cr	735.5Cr
Cost of Goods Sold, Total	651Cr	565.6Cr	559.1Cr	514.3Cr
Gross Profit	324.4Cr	43Cr	107.2Cr	221.2Cr
Selling General & Admin Expenses, Total	67Cr	56Cr	46Cr	57Cr
R&D Expenses	136.2Cr	116.7Cr	106.1Cr	113.2Cr
Other Operating Expenses, Total	202.8Cr	172.5Cr	151.6Cr	170.5Cr
Operating Income	121.6Cr	-129.5Cr	-44Cr	51Cr
Interest Expense, Total	-1.5Cr	-3.1Cr	-4Cr	-6.3Cr
Interest And Investment Income	60L	2.1Cr	1.2Cr	2.2Cr
Net Interest Expenses	-90L	-1Cr	-2.8Cr	-4.1Cr
Income (Loss) On Equity Invest.	5.1Cr	4.5Cr	-4.9Cr	-7.4Cr
Currency Exchange Gains (Loss)	-40L	-50L	-	-2.9Cr
Other Non Operating Income (Expenses)	-40L	30L	4.2Cr	4.2Cr
EBT, Excl. Unusual Items	125Cr	-126.2Cr	-48Cr	40Cr
Restructuring Charges	-1.6Cr	-6.9Cr	-2.4Cr	-8.8Cr
Impairment of Goodwill	-	-67Cr	-	-183Cr
Gain (Loss) On Sale Of Assets	-	-	-	3.4Cr
EBT, Incl. Unusual Items	123.4Cr	-200.2Cr	-50Cr	-147.9Cr
Income Tax Expense	17Cr	14Cr	17Cr	16Cr
Earnings From Continuing Operations	106.4Cr	-214.3Cr	-67Cr	-164.1Cr
Net Income to Company	106.4Cr	-214.3Cr	-67Cr	-164.1Cr
Net Income - (IS)	106.4Cr	-214.3Cr	-67Cr	-164.1Cr
Net Income to Common Incl Extra Items	106.4Cr	-214.3Cr	-67Cr	-164.1Cr
Net Income to Common Excl. Extra Items	106.4Cr	-214.3Cr	-67Cr	-164.1Cr
Per Share Items
Net EPS - Basic	-	-	-4.67	-11.32
Basic EPS - Continuing Operations	-	-	-4.67	-11.32
Basic Weighted Average Shares Outstanding	-	-	14Cr	14Cr
Net EPS - Diluted	-	-	-4.67	-11.32
Diluted EPS - Continuing Operations	-	-	-4.67	-11.32
Diluted Weighted Average Shares Outstanding	-	-	14Cr	14Cr
Normalized Basic EPS	-	-	-2.08	1.75
Normalized Diluted EPS	-	-	-2.08	1.75
Supplemental Items
EBITDA	174.1Cr	-85Cr	-22Cr	67Cr
EBITA	143.5Cr	-116.2Cr	-44Cr	51Cr
EBIT	121.6Cr	-129.5Cr	-44Cr	51Cr
EBITDAR	176.3Cr	-83Cr	-19Cr	71Cr
Effective Tax Rate - (Ratio)	13.78	-7.04	-33.6	-10.95
Current Domestic Taxes	15Cr	8.4Cr	2.7Cr	90L
Current Foreign Taxes	8.4Cr	14Cr	16Cr	16Cr
Total Current Taxes	24Cr	22Cr	18Cr	17Cr
Deferred Domestic Taxes	-9.2Cr	-6.6Cr	-2.3Cr	10L
Deferred Foreign Taxes	2.4Cr	-1.5Cr	70L	-1.3Cr
Total Deferred Taxes	-6.8Cr	-8.1Cr	-1.6Cr	-1.2Cr
Normalized Net Income	78Cr	-79Cr	-30Cr	25Cr
Non-Cash Pension Expense	2L	2L	-	-
Supplemental Operating Expense Items
Advertising Expense	4.7Cr	3.5Cr	3.1Cr	2.9Cr
Selling and Marketing Expenses	4.7Cr	3.5Cr	3.1Cr	2.9Cr
Research And Development Expense From Footnotes	136.2Cr	116.7Cr	106.1Cr	113.2Cr
Net Rental Expense, Total	2.2Cr	2.1Cr	2.9Cr	3.8Cr
Imputed Operating Lease Interest Expense	-	52.9L	92.06L	1.25Cr
Imputed Operating Lease Depreciation	-	1.57Cr	1.98Cr	2.55Cr
Stock-Based Comp., COGS (Total)	1.8Cr	1.9Cr	2Cr	1.6Cr
Stock-Based Comp., R&D Exp. (Total)	9.4Cr	8.8Cr	7.1Cr	8.1Cr
Stock-Based Comp., SG&A Exp. (Total)	5.9Cr	5.8Cr	5.8Cr	8.5Cr
Total Stock-Based Compensation	17Cr	16Cr	15Cr	18Cr

Fiscal Period: June	2022	2023	2024	2025
Assets
Cash And Equivalents	34Cr	29Cr	33Cr	148.1Cr
Total Cash And Short Term Investments	34Cr	29Cr	33Cr	148.1Cr
Accounts Receivable, Total	128.9Cr	54Cr	94Cr	106.8Cr
Other Receivables	1.6Cr	30L	70L	6.6Cr
Notes Receivable	59Cr	6.3Cr	10Cr	-
Total Receivables	189.6Cr	60Cr	104.4Cr	113.4Cr
Inventory	199.2Cr	226.9Cr	195.5Cr	207.9Cr
Other Current Assets, Total	27Cr	23Cr	22Cr	39Cr
Total Current Assets	448.9Cr	340Cr	354.8Cr	508.6Cr
Gross Property Plant And Equipment	286.7Cr	310.9Cr	317.3Cr	233.9Cr
Accumulated Depreciation	-182.8Cr	-208.3Cr	-220.3Cr	-150.6Cr
Net Property Plant And Equipment	103.9Cr	102.6Cr	97Cr	83Cr
Long-term Investments	62Cr	62Cr	51Cr	30Cr
Goodwill	788.7Cr	721.2Cr	720.7Cr	499.9Cr
Other Intangibles, Total	13Cr	0	-	-
Loans Receivable Long-Term	88Cr	79Cr	49Cr	36Cr
Deferred Tax Assets Long-Term	7.4Cr	7.6Cr	9.6Cr	5.8Cr
Deferred Charges Long-Term	-	-	-	80L
Other Long-Term Assets, Total	65Cr	70Cr	68Cr	134.7Cr
Total Assets	1.58TCr	1.38TCr	1.35TCr	1.3TCr
Liabilities
Accounts Payable, Total	79Cr	63Cr	67Cr	77Cr
Accrued Expenses, Total	72Cr	54Cr	58Cr	53Cr
Short-term Borrowings	95Cr	92Cr	81Cr	-
Current Portion of Long-Term Debt	-	-	-	2Cr
Current Portion of Leases	-	1.3Cr	1.1Cr	2.6Cr
Current Income Taxes Payable	2.4Cr	4.8Cr	2Cr	4.3Cr
Other Current Liabilities	3.1Cr	2.3Cr	2.7Cr	4.4Cr
Total Current Liabilities	251.3Cr	217.4Cr	212.3Cr	142.7Cr
Long-Term Debt	-	-	-	182.9Cr
Long-Term Leases	-	8.7Cr	17Cr	19Cr
Deferred Tax Liability Non Current	7.4Cr	2.8Cr	1.5Cr	1.7Cr
Other Non Current Liabilities	20Cr	9.2Cr	12Cr	30Cr
Total Liabilities	278.4Cr	238.1Cr	242.4Cr	376.9Cr
Common Stock, Total	1.34TCr	1.18TCr	1.15TCr	10L
Additional Paid In Capital	-	-	-	1.12TCr
Retained Earnings	-	-	-	-178.4Cr
Comprehensive Income and Other	-41Cr	-34Cr	-45Cr	-25Cr
Total Common Equity	1.3TCr	1.14TCr	1.11TCr	921.6Cr
Total Equity	1.3TCr	1.14TCr	1.11TCr	921.6Cr
Total Liabilities And Equity	1.58TCr	1.38TCr	1.35TCr	1.3TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	-	-	14Cr	15Cr
ECS Total Common Shares Outstanding	-	-	14Cr	15Cr
Book Value / Share	-	-	76.96	63.22
Tangible Book Value	495.7Cr	422.7Cr	387.5Cr	421.7Cr
Tangible Book Value Per Share	-	-	26.91	28.93
Total Debt	95Cr	101.9Cr	100Cr	206.8Cr
Net Debt	62Cr	73Cr	67Cr	59Cr
Debt Equivalent of Unfunded Proj. Benefit Obligation	50L	50L	-	-
Debt Equivalent Oper. Leases	18Cr	17Cr	23Cr	30Cr
Equity Method Investments, Total	62Cr	62Cr	51Cr	30Cr
Account Code - Inventory Valuation	-	5	5	5
Inventories - Raw Materials, Total	132.7Cr	175.4Cr	139.8Cr	151.7Cr
Inventories - Work In Process, Total	29Cr	18Cr	24Cr	26Cr
Inventories - Finished Goods, Total	38Cr	33Cr	32Cr	30Cr
Land - (BS)	3.5Cr	3.5Cr	1Cr	1Cr
Buildings, Total	46Cr	48Cr	40Cr	148Cr
Machinery, Total	225.3Cr	241.6Cr	247.9Cr	58Cr
Full Time Employees	-	-	12T	11T

Fiscal Period: June	2022	2023	2024	2025
Net Income	106.4Cr	-214.3Cr	-67Cr	-164.1Cr
Depreciation & Amortization - CF	31Cr	32Cr	22Cr	16Cr
Amortization of Goodwill and Intangible Assets - (CF)	22Cr	13Cr	-	-
Depreciation & Amortization, Total	52Cr	45Cr	22Cr	16Cr
Amortization of Deferred Charges, Total - (CF)	-	-	-	30L
(Gain) Loss From Sale Of Asset	-60L	-	-6Cr	-3.5Cr
(Gain) Loss on Sale of Investments - (CF)	60L	-30L	-10L	10L
Asset Writedown & Restructuring Costs	-	67Cr	40L	183Cr
(Income) Loss On Equity Investments - (CF)	-5.1Cr	-4.5Cr	4.9Cr	7.4Cr
Stock-Based Compensation (CF)	17Cr	16Cr	15Cr	18Cr
Other Operating Activities, Total	4.2Cr	-40L	8.4Cr	-11Cr
Change In Accounts Receivable	-16Cr	75Cr	-40Cr	-10Cr
Change In Inventories	-5.6Cr	-28Cr	31Cr	-16Cr
Change In Accounts Payable	-3.9Cr	-15Cr	5.3Cr	7Cr
Change in Other Net Operating Assets	-34Cr	-13Cr	-5.8Cr	-19Cr
Cash from Operations	115.1Cr	-71Cr	-31Cr	8.4Cr
Capital Expenditure	-41Cr	-22Cr	-17Cr	-20Cr
Sale of Property, Plant, and Equipment	10L	-	14Cr	-
Divestitures	2.5Cr	-	-	40Cr
Investment in Marketable and Equity Securities, Total	30L	1.6Cr	-	18Cr
Other Investing Activities, Total	-9.1Cr	1.4Cr	24Cr	18Cr
Cash from Investing	-47Cr	-19Cr	21Cr	56Cr
Short Term Debt Issued, Total	20Cr	5.4Cr	-	55Cr
Long-Term Debt Issued, Total	-	-	-	197Cr
Total Debt Issued	20Cr	5.4Cr	-	252Cr
Short Term Debt Repaid, Total	-	-8.6Cr	-10Cr	-7.6Cr
Long-Term Debt Repaid, Total	-	-	-	-10Cr
Total Debt Repaid	-	-8.6Cr	-10Cr	-18Cr
Issuance of Common Stock	-	-	-	50L
Repurchase of Common Stock	-	-	-	-1.3Cr
Other Financing Activities, Total	-85Cr	89Cr	24Cr	-181.8Cr
Cash from Financing	-65Cr	86Cr	14Cr	52Cr
Foreign Exchange Rate Adjustments	-20L	-10L	-10L	-50L
Net Change in Cash	2.7Cr	-4.3Cr	3.6Cr	115.3Cr
Supplemental Items
Cash Interest Paid	20L	70L	1.2Cr	14Cr
Cash Income Tax Paid (Refund)	-	-	-	5Cr
Levered Free Cash Flow	-	29Cr	-15Cr	12Cr
Unlevered Free Cash Flow	-	31Cr	-13Cr	16Cr
Change In Net Working Capital	-	-72Cr	5.6Cr	30Cr
Net Debt Issued / Repaid	20Cr	-3.2Cr	-10Cr	234.4Cr

Fiscal Period: June	2022	2023	2024	2025
Profitability
Return on Assets	-	-5.47	-2.03	2.39
Return on Total Capital	-	-6.14	-2.26	2.71
Return On Equity %	-	-17.55	-5.97	-16.17
Return on Common Equity	-	-17.55	-5.97	-16.17
Margin Analysis
Gross Profit Margin %	33.26	7.07	16.09	30.07
SG&A Margin	6.83	9.17	6.83	7.79
EBITDA Margin %	17.85	-13.92	-3.3	9.11
EBITA Margin %	14.71	-19.09	-6.66	6.89
EBIT Margin %	12.47	-21.28	-6.66	6.89
Income From Continuing Operations Margin %	10.91	-35.21	-10.09	-22.31
Net Income Margin %	10.91	-35.21	-10.09	-22.31
Net Avail. For Common Margin %	10.91	-35.21	-10.09	-22.31
Normalized Net Income Margin	8.01	-12.96	-4.49	3.44
Levered Free Cash Flow Margin	-	4.77	-2.27	1.62
Unlevered Free Cash Flow Margin	-	5.09	-1.9	2.12
Asset Turnover
Asset Turnover	-	0.41	0.49	0.56
Fixed Assets Turnover	-	5.89	6.68	8.16
Receivables Turnover (Average Receivables)	-	6.66	9.04	7.34
Inventory Turnover (Average Inventory)	-	2.65	2.65	2.55
Short Term Liquidity
Current Ratio	1.79	1.56	1.67	3.56
Quick Ratio	0.65	0.38	0.6	1.83
Operating Cash Flow to Current Liabilities	0.46	-0.33	-0.15	0.06
Days Sales Outstanding (Average Receivables)	-	54.67	40.26	49.56
Days Outstanding Inventory (Average Inventory)	-	137.11	137.5	142.75
Average Days Payable Outstanding	-	43.38	44.7	49.62
Cash Conversion Cycle (Average Days)	-	148.4	133.06	142.7
Long Term Solvency
Total Debt/Equity	7.32	8.91	8.99	22.44
Total Debt / Total Capital	6.82	8.18	8.25	18.33
LT Debt/Equity	-	0.76	1.54	21.94
Long-Term Debt / Total Capital	-	0.7	1.42	17.92
Total Liabilities / Total Assets	17.66	17.23	17.95	29.03
EBIT / Interest Expense	81.07	-41.77	-11.1	8.05
EBITDA / Interest Expense	116.07	-26.65	-4.78	11.24
(EBITDA - Capex) / Interest Expense	88.73	-33.71	-8.92	8
Total Debt / EBITDA	0.55	-1.23	-5.21	2.92
Net Debt / EBITDA	0.35	-0.88	-3.5	0.83
Total Debt / (EBITDA - Capex)	0.71	-0.98	-2.79	4.1
Net Debt / (EBITDA - Capex)	0.46	-0.7	-1.87	1.16
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	-37.61	9.48	10.39
Gross Profit, 1 Yr. Growth %	-	-86.74	149.3	113.51
EBITDA, 1 Yr. Growth %	-	-148.65	-74.03	-361.72
EBITA, 1 Yr. Growth %	-	-180.98	-61.79	-205.62
EBIT, 1 Yr. Growth %	-	-206.5	-65.71	-205.62
Earnings From Cont. Operations, 1 Yr. Growth %	-	-301.41	-68.64	144.2
Net Income, 1 Yr. Growth %	-	-301.41	-68.64	144.2
Normalized Net Income, 1 Yr. Growth %	-	-200.96	-62.04	-178.64
Diluted EPS Before Extra, 1 Yr. Growth %	-	-	-	144.2
Accounts Receivable, 1 Yr. Growth %	-	-58.18	73.47	14.22
Inventory, 1 Yr. Growth %	-	13.91	-13.84	6.34
Net Property, Plant and Equip., 1 Yr. Growth %	-	-1.25	-5.46	-14.12
Total Assets, 1 Yr. Growth %	-	-12.32	-2.27	-3.86
Tangible Book Value, 1 Yr. Growth %	-	-14.73	-8.33	8.83
Common Equity, 1 Yr. Growth %	-	-11.85	-3.12	-16.84
Cash From Operations, 1 Yr. Growth %	-	-161.95	-56.66	-127.18
Capital Expenditures, 1 Yr. Growth %	-	-46.59	-24.2	22.89
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-152.2	-168.68
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-140.86	-204.61
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	-17.35	9.93
Gross Profit, 2 Yr. CAGR %	-	-	-42.51	126.81
EBITDA, 2 Yr. CAGR %	-	-	-64.45	-11.06
EBITA, 2 Yr. CAGR %	-	-	-44.38	-33.95
EBIT, 2 Yr. CAGR %	-	-	-39.57	-37.43
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	-20.53	-12.49
Net Income, 2 Yr. CAGR %	-	-	-20.53	-12.49
Normalized Net Income, 2 Yr. CAGR %	-	-	-38.1	-43.35
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-	-12.49
Accounts Receivable, 2 Yr. CAGR %	-	-	-14.83	40.76
Inventory, 2 Yr. CAGR %	-	-	-0.93	-4.28
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	-3.38	-9.9
Total Assets, 2 Yr. CAGR %	-	-	-7.43	-3.07
Tangible Book Value, 2 Yr. CAGR %	-	-	-11.58	-0.12
Common Equity, 2 Yr. CAGR %	-	-	-7.59	-10.24
Cash From Operations, 2 Yr. CAGR %	-	-	-48.19	-65.68
Capital Expenditures, 2 Yr. CAGR %	-	-	-36.37	-3.49
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-35.84
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-29.05
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	-8.98
Gross Profit, 3 Yr. CAGR %	-	-	-	-11.98
EBITDA, 3 Yr. CAGR %	-	-	-	-27.26
EBITA, 3 Yr. CAGR %	-	-	-	-29.31
EBIT, 3 Yr. CAGR %	-	-	-	-25.29
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	15.54
Net Income, 3 Yr. CAGR %	-	-	-	15.54
Normalized Net Income, 3 Yr. CAGR %	-	-	-	-31.32
Accounts Receivable, 3 Yr. CAGR %	-	-	-	-6.08
Inventory, 3 Yr. CAGR %	-	-	-	1.44
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	-7.1
Total Assets, 3 Yr. CAGR %	-	-	-	-6.25
Tangible Book Value, 3 Yr. CAGR %	-	-	-	-5.25
Common Equity, 3 Yr. CAGR %	-	-	-	-10.78
Cash From Operations, 3 Yr. CAGR %	-	-	-	-58.21
Capital Expenditures, 3 Yr. CAGR %	-	-	-	-20.76