Seagate 2004 Annual Report Download - page 106
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SEAGATE TECHNOLOGY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Consolidating Statement of Operations
Fiscal Year Ended June 27, 2003
(in millions)
102
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