Seagate 2002 Annual Report Download - page 34
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Please find page 34 of the 2002 Seagate annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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from November 23, 2000 through June 29, 2001. Pro forma cost of revenue for fiscal year 2001 is the sum of the historical cost of
revenue of our predecessor for the period from July 1, 2000 through November 22, 2000 and our historical cost of revenue for the period from
November 23, 2000 through June 29, 2001, as adjusted for:
•
the elimination of the $265 million compensation charge recorded as a result of the acceleration and net exercise of Seagate Delaware
stock options held by employees of Seagate Technology at November 22, 2000;
•
the reduction of depreciation expense by $107 million due to new, lower accounting basis in property, equipment and leasehold
improvements; and
29
•
the elimination of the adverse impact of $131 million related to the sale of higher cost inventories that were written up to fair value at
the close of the November 2000 transactions.