Western Digital 2006 Annual Report Download - page 64

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CONSOLIDATED STATEMENTS OF INCOME
Previously
Reported Adjustment As Adjusted
Fiscal Year Ended July 1, 2005
Cost of revenue ........................................... $3,049.0 $ 0.2 $3,049.2
Gross margin ............................................. 589.8 (0.2) 589.6
Research and development ................................... 238.5 1.3 239.8
Selling, general and administrative. ............................. 154.4 0.7 155.1
Total operating expenses ..................................... 392.9 2.0 394.9
Operating income.......................................... 196.9 (2.2) 194.7
Income before income taxes ................................... 202.3 (2.2) 200.1
Income tax provision ....................................... 3.9 0.2 4.1
Net income .............................................. 198.4 (2.4) 196.0
Income per common share:
Basic ................................................. $ .96 (.02) $ .94
Diluted ............................................... $ .91 (.01) $ .90
Previously
Reported Adjustment As Adjusted
Fiscal Year Ended July 2, 2004
Cost of revenue ........................................... $2,585.1 $ 0.2 $2,585.3
Gross margin ............................................. 461.6 (0.2) 461.4
Research and development ................................... 201.0 0.8 201.8
Selling, general and administrative. ............................. 105.7 0.4 106.1
Total operating expenses ..................................... 306.7 1.2 307.9
Operating income.......................................... 154.9 (1.4) 153.5
Income before income taxes ................................... 155.2 (1.4) 153.8
Income tax provision ....................................... 3.9 0.1 4.0
Net income .............................................. 151.3 (1.5) 149.8
Income per common share:
Basic ................................................. $ .74 (.01) $ .73
Diluted ............................................... $ .70 (.01) $ .69
58
WESTERN DIGITAL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)