Seagate 2006 Annual Report Download - page 119

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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
116
Seagate
Technology
Parent
Maxtor
Combined
Seagate
Company
Subsidiary
Non
-
Technology
Guarantor
Issuer
Guarantors
Eliminations
Consolidated
(In millions)
Revenue
$
—
$
87
$
9,119
$
—
$
9,206
Cost of revenue
—
134
6,935
—
7,069
Product development
—
16
789
—
805
Marketing and administrative
—
19
428
—
447
Amortization of intangibles
—
2
5
—
7
Restructuring
—
—
4
—
4
Total operating expenses
—
171
8,161
—
8,332
Income (loss) from operations
—
(
84
)
958
—
874
Interest income
—
—
69
—
69
Interest expense
—
(
2
)
(39
)
—
(
41
)
Equity in loss of Maxtor
(143
)
—
—
143
—
Equity in income (loss) of Non
-
Guarantors
983
(57
)
1,024
(1,950
)
—
Other, net
—
—
22
—
22
Other income (expense), net
840
(59
)
1,076
(1,807
)
50
Income (loss) before income taxes
840
(143
)
2,034
(1,807
)
924
Provision for income taxes
—
—
84
—
84
Net income (loss)
$
840
$
(143
)
$
1,950
$
(1,807
)
$
840