Seagate 2006 Annual Report Download - page 110

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Table of Contents
SEAGATE TECHNOLOGY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Consolidating Statement of Operations
Fiscal Year Ended June 30, 2006
107
Seagate
Technology
Parent
HDD
Combined
Seagate
Company
Subsidiary
Non
-
Technology
Guarantor
Issuer
Guarantors
Eliminations
Consolidated
(In millions)
Revenue
$
—
$
—
$
9,206
$
—
$
9,206
Cost of revenue
—
—
7,069
—
7,069
Product development
—
—
805
—
805
Marketing and administrative
—
—
447
—
447
Amortization of intangibles
7
—
7
Restructuring
—
—
4
—
4
Total operating expenses
—
—
8,332
—
8,332
Income from operations
—
—
874
—
874
Interest income
—
3
66
—
69
Interest expense
—
(
44
)
3
—
(
41
)
Equity in income of HDD
983
—
—
(
983
)
—
Equity in income (loss) of Non
-
Guarantors
(143
)
1,024
—
(
881
)
—
Other, net
—
—
22
—
22
Other income (expense), net
840
983
91
(1,864
)
50
Income before income taxes
840
983
965
(1,864
)
924
Provision for income taxes
—
—
84
—
84
Net income
$
840
$
983
$
881
$
(1,864
)
$
840