Seagate 2004 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 July 1, 2005
(in millions)
98
Seagate
Technology
Parent
Company
Guarantor
HDD
Subsidiary
Issuer
Combined
Non-
Guarantors
Eliminations
Seagate
Technology
Consolidated
Revenue
$
—
$
—
$
7,553
$
—
$
7,553
Cost of revenue
—
—
5,880
—
5,880
Product development
—
—
645
—
645
Marketing and administrative
—
—
306
—
306
Restructuring
—
—
—
—
—
Total operating expenses
—
—
6,831
—
6,831
Income from operations
—
—
722
—
722
Interest income
—
8
36
(8
)
36
Interest expense
—
(
42
)
(14
)
8
(48
)
Equity in income of HDD
707
—
—
(
707
)
—
Equity in income of Non
-
Guarantors
—
741
—
(
741
)
—
Other, net
—
—
22
—
22
Other income (expense), net
707
707
44
(1,448
)
10
Income before income taxes
707
707
766
(1,448
)
732
Provision for income taxes
—
—
25
—
25
Net income
$
707
$
707
$
741
$
(1,448
)
$
707