Seagate 2003 Annual Report Download - page 102

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Table of Contents
SEAGATE TECHNOLOGY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Consolidating Statement of Operations
Fiscal Year Ended June 28, 2002
(in millions)
101
Seagate
Technology
Parent
Company
Guarantor
HDD
Subsidiary
Issuer
Combined
Non-
Guarantors
Eliminations
Seagate
Technology
Consolidated
$
—
$
—
$
6,087
$
—
$
6,087
Cost of revenue
—
—
4,494
—
4,494
Product development
—
—
698
—
698
Marketing and administrative
—
—
498
—
498
Amortization of intangibles
—
—
19
—
19
Amortization of intangibles
—
—
4
—
4
Total operating expenses
—
—
5,713
—
5,713
Income from operations
—
—
374
—
374
Interest income
—
2
25
(2
)
25
Interest expense
—
(
6
)
(73
)
2
(77
)
Equity in income of HDD
203
—
—
(
203
)
—
Equity in income (losses) of Non
-
Guarantors
(50
)
207
—
(
157
)
—
Income from operations
—
—
(
93
)
—
(
93
)
Other, net
—
—
10
—
10
Other income (expense), net
153
203
(131
)
(360
)
(135
)
Income before income taxes
153
203
243
(360
)
239
Provision for income taxes
—
—
86
—
86
Net income
$
153
$
203
$
157
$
(360
)
$
153