Sandisk Corporation (SNDK)

Sandisk Income Statement

Financials in millions USD. Fiscal year is July - June.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Sep 27, 2024	Jun 28, 2024	Jun 30, 2023	Jul 1, 2022
Revenue	7,013	6,663	6,086	9,754
Revenue Growth (YoY)	-	9.48%	-37.61%	-
Cost of Revenue	5,027	5,591	5,656	6,510
Gross Profit	1,986	1,072	430	3,244
Selling, General & Admin	467	455	558	666
Research & Development	1,104	1,061	1,167	1,362
Operating Expenses	1,571	1,516	1,725	2,028
Operating Income	415	-444	-1,295	1,216
Interest Expense	-31	-40	-31	-15
Interest & Investment Income	12	12	21	6
Earnings From Equity Investments	-58	-49	45	51
Other Non Operating Income (Expenses)	43	42	-2	-8
EBT Excluding Unusual Items	363	-479	-1,262	1,250
Merger & Restructuring Charges	-105	-24	-69	-16
Impairment of Goodwill	-	-	-671	-
Pretax Income	258	-503	-2,002	1,234
Income Tax Expense	201	169	141	170
Net Income	57	-672	-2,143	1,064
Net Income to Common	57	-672	-2,143	1,064
Shares Outstanding (Basic)	144	144	-	-
Shares Outstanding (Diluted)	144	144	-	-
EPS (Basic)	0.40	-4.67	-	-
EPS (Diluted)	0.40	-4.67	-	-
Free Cash Flow	-480	-475	-932	741
Free Cash Flow Per Share	-3.33	-3.30	-	-
Gross Margin	28.32%	16.09%	7.07%	33.26%
Operating Margin	5.92%	-6.66%	-21.28%	12.47%
Profit Margin	0.81%	-10.09%	-35.21%	10.91%
Free Cash Flow Margin	-6.84%	-7.13%	-15.31%	7.60%
EBITDA	636	-220	-847	1,741
EBITDA Margin	9.07%	-3.30%	-13.92%	17.85%
D&A For EBITDA	221	224	448	525
EBIT	415	-444	-1,295	1,216
EBIT Margin	5.92%	-6.66%	-21.28%	12.47%
Effective Tax Rate	77.91%	-	-	13.78%
Advertising Expenses	-	31	35	47

Source: S&P Capital IQ. Standard template. Financial Sources.