Seagate 2004 Annual Report Download - page 108

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Table of Contents
SEAGATE TECHNOLOGY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
14. Supplementary Financial Data (Unaudited)
Quarterly Data
The results for the first quarter of fiscal year 2005 include a $14 million reduction in operating expenses related to the reduction in
accrued benefit obligations associated with the Company’s post-retirement medical plan. The results for the fourth quarter include
approximately $10 million in income from the settlement of a litigation matter.
The results for the first quarter of fiscal year 2004 include an $11 million restructuring charge. The results for the second quarter include
a $4 million restructuring charge. The results for the third quarter include a $125 million income tax benefit and a $6 million restructuring
charge. The results for the fourth quarter include a $39 million restructuring charge and a $2 million write-down of an investment in a private
company.
104
Fiscal Year 2005
Unaudited, in millions except per share data
1st
2nd
3rd
4th
$
1,558
$
1,847
$
1,969
$
2,179
Gross margin
275
380
477
540
Income from operations
57
147
237
281
Net income
54
144
229
280
Net income per share:
Basic
$
0.12
$
0.31
$
0.49
$
0.59
Diluted
0.11
0.29
0.45
0.55
Fiscal Year 2004
Unaudited, in millions except per share data
1st
2nd
3rd
4th
$
1,740
$
1,760
$
1,388
$
1,336
Gross margin
468
461
301
229
Income (loss) from operations
210
218
53
(37
)
Net income (loss)
198
205
159
(33
)
Net income (loss) per share:
Basic
$
0.44
$
0.46
$
0.35
$
(0.07
)
Diluted
0.40
0.41
0.32
(0.07
)