Seagate 2006 Annual Report Download - page 117
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SEAGATE TECHNOLOGY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Consolidating Statement of Operations
Fiscal Year Ended June 29, 2007
114
Seagate
Technology
Parent
Maxtor
Combined
Seagate
Company
Subsidiary
Non
-
Technology
Guarantor
Issuer
Guarantors
Eliminations
Consolidated
(In millions)
Revenue
$
—
$
336
$
11,942
$
(918
)
$
11,360
Cost of revenue
—
409
9,684
(918
)
9,175
Product development
—
13
891
—
904
Marketing and administrative
2
32
555
—
589
Amortization of intangibles
—
7
42
—
49
Restructuring and other, net
—
2
27
—
29
Total operating expenses
2
463
11,199
(918
)
10,746
Income (loss) from operations
(2
)
(127
)
743
—
614
Interest income
1
1
123
(52
)
73
Interest expense
(2
)
(66
)
(125
)
52
(141
)
Equity in loss of Maxtor
—
—
(
359
)
359
—
Equity in income (loss) of Non
-
Guarantors
916
(166
)
1,018
(1,768
)
—
Other, net
—
(
1
)
16
—
15
Other income (expense), net
915
(232
)
673
(1,409
)
(53
)
Income (loss) before income taxes
913
(359
)
1,416
(1,409
)
561
Provision for (benefit from) income taxes
—
—
(
352
)
—
(
352
)
Net income (loss)
$
913
$
(359
)
$
1,768
$
(1,409
)
$
913