Seagate 2003 Annual Report Download - page 100
Download and view the complete annual report
Please find page 100 of the 2003 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.Table of Contents
SEAGATE TECHNOLOGY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Consolidating Statement of Operations
Fiscal Year Ended June 27, 2003
(in millions)
99
Seagate
Technology
Parent
Company
Guarantor
HDD
Subsidiary
Issuer
Combined
Non-
Guarantors
Eliminations
Seagate
Technology
Consolidated
Revenue
$
—
$
—
$
6,486
$
—
$
6,486
Cost of revenue
—
—
4,759
—
4,759
Product development
—
—
670
—
670
Marketing and administrative
1
3
353
—
357
Restructuring
—
—
9
—
9
Total operating expenses
1
3
5,791
—
5,795
Income (loss) from operations
(1
)
(3
)
695
—
691
Interest income
—
24
15
(23
)
16
Interest expense
—
(
43
)
(27
)
23
(47
)
Equity in income of HDD
651
—
—
(
651
)
—
Equity in income (loss) of Non
-
Guarantors
(9
)
673
—
(
664
)
—
Other, net
—
—
—
—
—
Other income (expense), net
642
654
(12
)
(1,315
)
(31
)
Income before income taxes
641
651
683
(1,315
)
660
Provision for income taxes
—
—
19
—
19
Net income
$
641
$
651
$
664
$
(1,315
)
$
641