Seagate 2006 Annual Report Download - page 112

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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
109
Seagate
Technology
Parent
HDD
Combined
Seagate
Company
Subsidiary
Non
-
Technology
Guarantor
Issuer
Guarantors
Eliminations
Consolidated
(In millions)
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