SanDisk 2007 Annual Report Download - page 147

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Condensed Consolidating Statements of Operations
For the Fiscal Year Ended December 31, 2006
Parent
Company
(1)
Subsidiary
Issuer
(1)
Other
Guarantor
Subsidiary
(1)
Combined
Non-
Guarantor
Subsidiaries
(2)
Consolidating
Adjustments
Total
Company
(In thousands)
Total revenues ........... $2,101,601 $ — $ 89,411 $4,165,416 $(3,098,903) $3,257,525
Total cost of revenues ..... 1,280,102 — 84,763 3,664,513 (3,011,326) 2,018,052
Gross profits ............ 821,499 — 4,648 500,903 (87,577) 1,239,473
Total operating expenses . . . 467,259 — 212,735 324,587 (91,442) 913,139
Operating income......... 354,240 — (208,087) 176,316 3,865 326,334
Total other income
(expense) ............. 96,415 5 3,282 44,925 (40,253) 104,374
Income (loss) before taxes . . 450,655 5 (204,805) 221,241 (36,388) 430,708
Provision (benefit) for
income taxes .......... 229,376 — (1,485) 2,302 — 230,193
Minority interest ......... — — 1,619 — — 1,619
Equity in net income (loss)
of consolidated
subsidiaries ........... 207,438 — 528 26,077 (234,043) —
Net income (loss)......... $ 428,717 $ 5 $(204,411) $ 245,016 $ (270,431) $ 198,896
(1)
This represents legal entity results which exclude any subsidiaries required to be consolidated under GAAP.
(2)
This represents all other legal subsidiaries.
F-51
Notes to Consolidated Financial Statements — (Continued)