seagate equity, debt and subsidiares

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Seagate Technology PLC  STX

Summary (from latest annual report – 2015)

  • Total equity  : 3.01 billion USD
  • Market Cap is 10 billion USD ( last price of the stock is 33.72 USD)
  • Seagate Technology PLC is a provider of electronic data storage solutions. Its products are hard disk drives, hard drives or HDDs. It also produces range of electronic data storage products including SSHD, SSD, PCIe cards and SATA controllers
  • Equity of total company increased from 2.83 billion USD in 2014 to 3.01 billion in 2015
  • Company has 2.47 billion USD in cash on account (from latest annual report  2015 year)
  • Total equity – cash on account = 3.01 billion usd – 2.47 billion usd = 540 million usd
  • In 2015 company has 4.15 billion USD long-term debt, short – term debt was zero                                                                                                                                                            (In 2014 company had 3.92 billion USD long-term debt , short-term debt was zeo)
  • STX balance sheet has become stronger  in 2015 (In latest annual report - total equity increased to 3.01 billion  USD from 2.83 billion USD in 2014, total debt was 4.15 billion USD in 2015)
  • Company's revenue increased in 2015 to 13.73 billion USD from 13.72 billion in 2014
  • Net income in 2015 was 1.74 billion USD, Net income in 2014 was 1.57 billion USD
  • In 2015 company paid 664 million usd dividend to its shareholders

Seagate Technology PLC  Subsidiaries

Seagate Technology PLC is a provider of electronic data storage solutions. Its products are hard disk drives, hard drives or HDDs. It also produces range of electronic data storage products including SSHD, SSD, PCIe cards and SATA controllers. Seagate Technology's 42% share in the hard drive market is a result of areal density advancements and acquisitions of successful competitors.

In 2000 Seagate Technology Inc. announced a $20-billion transaction that would take the world's largest computer disk-drive maker private and sell its 33% stake in fast-growing Veritas Software Inc. back to Veritas. Under the terms of the deal, the investor group, which includes Seagate's management, acquired Seagate's operating businesses for $2 billion in cash, taking the company private.The group is led by the California venture capital firm Silver Lake Partners and also includes the Texas Pacific Group, the investment firm controlled by the Texas billionaire David Bonderman. Veritas acquired the remainder of Seagate, which consisted of 128 million shares of Veritas, other securities and some cash (Seagate's stockholders received a combination of 0.467 of a Veritas share and approximately $5 a share in cash for each of their Seagate shares).

 

 STX standalone subsidiaries and acquisitions :

  • In 1996 Seagate Technology  said that it had reached an agreement to acquire Conner Peripherals Inc. in a stock swap valued at 1.1 billion usd
  • In 1997 Seagate acquired Quinta Corporation for 320 million usd  (start-up company working on new storage devices that combine two widely used technologies: the magnetic storage approach used for most computer disk drives and the optical recording method used in compact disks and CD-ROMs)
  • In 2005, Seagate acquired Mirra, Inc., a producer of personal servers for data recovery for 15 million usd
  • In 2006, Seagate acquired Maxtor in an all-stock deal worth 1.9 billion usd
  • In 2007, Seagate acquired MetaLINCS for 80 million usd
  • In 2012, Seagate acquired LaCie (a smaller computer hardware company specializing in similar realm of products) for 186 million usd
  • In 2014, Seagate acquired Xyratex, a storage systems company, for approximately 375 million usd
  • In 2014, Seagate acquired LSI's Flash Enterprise PCIe flash and SSD controller products, and its engineering capabilities, from Avago for 450 million usd
  • In 2015, Seagate acquired Lyve Minds, the personal media startup for undisclosed amount
  • On October 6, 2015, Seagate announced that it has completed its acquisition of Dot Hill Systems Corp., a supplier of software and hardware storage systems, for approximately 696 million usd

 

 

Total = 5.12 billion usd

Opinion about the company

Fundamentally it is a good company and in the future we can expect its growth (Total debt is big (4.15 billion usd), company has 2.47 billion USD in cash on account, ROE is around 22 %).

 

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