Seagate 2003 Annual Report Download - page 37

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Table of Contents
Our contractual cash obligations and commitments as of July 2, 2004 have been summarized in the table below (in millions):
Fiscal Year(s)
Total
2005
2006-
2007
2008-
2009
After
2009
Contractual Cash Obligations:
Long term debt
$
743
$
4
$
339
$
400
$
—
Capital expenditures
176
176
—
—
—
Operating leases (1)
151
15
25
9
102
Purchase obligations (2)
559
559
—
—
—
Subtotal
1,629
754
364
409
102
Commitments:
Letters of credit or bank guarantees
37
37
—
—
—
Total
$
1,666
$
791
$
364
$
409
$
102
(1)
Includes total future minimum rent expense under non-cancelable leases for both occupied and abandoned facilities (rent expense is
shown net of sublease income).
Off-Balance Sheet Arrangements
(2)
Purchase obligations are defined as contractual obligations for purchase of goods or services, which are enforceable and legally binding
on us, and that specify all significant terms.
As of July 2, 2004, we did not have any significant off-balance sheet arrangements, as defined in Item 303(a)(4)(ii) of Regulation S-K.
Equity Plan Compensation Information
The following table sets forth, for each of our existing equity compensation plans, the number of common shares issuable upon exercise
of outstanding options, warrants and rights, the weighted-
average exercise price of the outstanding options, warrants and rights, and the number
of common shares remaining available for issuance under such plans as of the end of fiscal year 2004.
(a)
(b)
(c)
Equity Compensation Plan
Number of Securities to
be Issued upon Exercise
of Outstanding Options,
Warrants and Rights
Weighted-Average
Exercise Price of
Outstanding Options,
Warrants and Rights
Number of Securities
Remaining Available
for Future Issuance
under Equity
Compensation Plans
(excluding securities
reflected in column (a))
Plans Approved by Shareholders
62,853,998
(1)
$6.47 per share(2)
24,034,444
(3)
Plans Not Approved by Shareholders
—
—
—
Total
62,853,998
$6.47 per share
24,034,444
(1)
This number includes 60,369,893 shares of our common stock that were subject to issuance upon the exercise of stock options granted
under our 2001 Share Option Plan, and up to 2,500,000 shares that could be purchased under our Employee Stock Purchase Plan (the
“ESPP”) in the purchase period that was in progress as of July 2, 2004. On July 30, 2004, the purchase date for that purchase period, a
total of 2,484,105 shares of our common stock were issued pursuant to the exercise of the outstanding rights under the ESPP.
36
(2)
This value is calculated based only on the exercise price of options outstanding under the 2001 Share Option Plan. The exercise price for
the rights awarded under the ESPP in the purchase period in progress on July 2, 2004 could not be determined as of July 2, 2004. On July
30, 2004, the purchase date for that purchase