Seagate 2006 Annual Report Download - page 61

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Table of Contents
SEAGATE TECHNOLOGY
CONSOLIDATED STATEMENTS OF OPERATIONS
See notes to consolidated financial statements.
58
Fiscal
Fiscal
Fiscal
Year Ended
Year Ended
Year Ended
June 29,
June 30,
July 1,
2007
2006
2005
(In millions, except per share data)
Revenue
$
11,360
$
9,206
$
7,553
Cost of revenue
9,175
7,069
5,880
Product development
904
805
645
Marketing and administrative
589
447
306
Amortization of intangibles
49
7
—
Restructuring and other
29
4
—
Total operating expenses
10,746
8,332
6,831
Income from operations
614
874
722
Interest income
73
69
36
Interest expense
(141
)
(41
)
(48
)
Other, net
15
22
22
Other income (expense), net
(53
)
50
10
Income before income taxes
561
924
732
Provision for (benefit from) income taxes
(352
)
84
25
Net income
$
913
$
840
$
707
Net income per share:
Basic
$
1.64
$
1.70
$
1.51
Diluted
1.56
1.60
1.41
Number of shares used in per share calculations:
Basic
558
495
468
Diluted
587
524
502
Cash dividends declared per share
$
0.38
$
0.32
$
0.26