WDC · Nasdaq
It filed on time and stood behind its numbers. Of companies scoring zero, 4.0% were delisted, went bankrupt, restated or stopped filing within the following year.
Hover or tap a dot to see the filings behind that score.
Western Digital Corporation (the “Company”) is unable to file its Quarterly Report on Form 10-Q for the period ended December 29, 2023 (the “Form 10-Q”) by the prescribed due date without unreasonable effort or expense because of the circumstances described below. In the course of preparing its financial statements for the quarter ended December 29, 2023, the Company identified certain errors related to the Company’s reporting and recording of its equity interests in its equity method investments in Flash Partners Ltd., Flash Alliance Ltd., and Flash Forward Ltd. (collectively, the “Flash Ventures”). These errors related to unadjusted differences between the Flash Ventures' application of Japanese generally accepted accounting principles to certain lease-related transactions compared to the applicable U.S. generally accepted accounting principles. These unadjusted differences resulted in differences in the equity in earnings from these entities recognized by the Company in Other income (expense), net, in the Condensed Consolidated Statements of Operations and a cumulative understatement of the carrying value of the Company’s equity investment in the Flash Ventures reported in Notes receivable and investments in Flash Ventures in the Company's Condensed Consolidated Balance Sheets of approximately $100 million. The Company is still in the process of completing its assessment of these errors and the final adjustment may differ from this estimate. The Company requires additional time to complete its assessment of these errors, its disclosure controls and procedures and internal control over financial reporting, and to prepare a complete and accurate Form 10-Q for the quarter ended December 29, 2023
NT 10-Q, filed 2024-02-08 · material weakness
Western Digital Corporation (the “Company”) is unable to file its Quarterly Report on Form 10-Q for the period ended December 29, 2023 (the “Form 10-Q”) by the prescribed due date without unreasonable effort or expense because of the circumstances described below. In the course of preparing its financial statements for the quarter ended December 29, 2023, the Company identified certain errors related to the Company’s reporting and recording of its equity interests in its equity method investments in Flash Partners Ltd., Flash Alliance Ltd., and Flash Forward Ltd. (collectively, the “Flash Ventures”). These errors related to unadjusted differences between the Flash Ventures' application of Japanese generally accepted accounting principles to certain lease-related transactions compared to the applicable U.S. generally accepted accounting principles. These unadjusted differences resulted in differences in the equity in earnings from these entities recognized by the Company in Other income (expense), net, in the Condensed Consolidated Statements of Operations and a cumulative understatement of the carrying value of the Company’s equity investment in the Flash Ventures reported in Notes receivable and investments in Flash Ventures in the Company's Condensed Consolidated Balance Sheets of approximately $100 million. The Company is still in the process of completing its assessment of these errors and the final adjustment may differ from this estimate. The Company requires additional time to complete its assessment of these errors, its disclosure controls and procedures and internal control over financial reporting, and to prepare a complete and accurate Form 10-Q for the quarter ended December 29, 2023
reportingrisk.com scores every active US filer on three things a company tells the SEC about itself: late-filing notices on Form NT, 8-K item 4.02 (past accounts declared unreliable) and 4.01 (auditor changes). 1,012 are flagged today.
Every score is frozen and checked twelve months later. Across 91,452 of them, a company scoring 4 or more ended that year delisted, bankrupt, restated or silent 17.2% of the time, against 4.0% for a clean record. Scores before 2026-09-27 were reconstructed from the filing history as it stood at each date, so the record is a backtest rather than years of live calls.
See the ledger → Every company the score flagged that later failed, what it told the SEC on the way down, and the ones it missed.Every item above is a filing this company
made with the SEC.
Snapshot 2026-11-04 · data from SEC EDGAR (public domain) · not
investment advice