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Table of Contents
SEAGATE TECHNOLOGY
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
For Fiscal Years Ended June 29, 2007, June 30, 2006 and July 1, 2005
See notes to consolidated financial statements.
60
Number
Par
Accumulated
of
Value
Additional
Deferred
Other
Common
of
Paid
-
in
Stock
Comprehensive
Retained
Shares
Shares
Capital
Compensation
Income (Loss)
Earnings
Total
(In millions)
Balance at July 2, 2004
460
—
650
(6
)
(3
)
1,214
1,855
Comprehensive income, net of tax:
Change in unrealized gain (loss) on marketable
securities, net
(3
)
(3
)
Change in unrealized gain (loss) on cash flow
hedges, net
(3
)
(3
)
Net income
707
707
Comprehensive income
701
Issuance of common shares related to employee
stock options and employee stock purchase plan
17
90
90
Dividends to shareholders
(122
)
(122
)
Tax benefit from stock options
15
15
Stock
-
based compensation
(1
)
3
2
Balance at July 1, 2005
477
—
632
(3
)
(9
)
1,921
2,541
Comprehensive income, net of tax:
Change in unrealized gain (loss) on marketable
securities, net
(2
)
(2
)
Change in unrealized gain (loss) on cash flow
hedges, net
4
4
Net income
840
840
Comprehensive income
842
Issuance of common shares related to employee
stock options and employee stock purchase plan
18
118
118
Issuance of common shares, assumption of options
and nonvested shares in connection with the
acquisition of Maxtor
98
1,956
1,956
Substantial premium on convertible debt assumed
175
175
Dividends to shareholders
(155
)
(155
)
Tax benefit from stock options
44
44
Repurchases of common shares
(17
)
(399
)
(399
)
Stock
-
based compensation
88
2
90
Balance at June 30, 2006
576
—
2,858
(1
)
(7
)
2,362
5,212
Comprehensive income, net of tax:
Change in unrealized gain (loss) on marketable
securities, net
7
7
Change in unrealized gain (loss) on cash flow
hedges, net
(4
)
(4
)
Net income
913
913
Comprehensive income
916
Issuance of common shares related to employee
stock options and employee stock purchase plan
21
219
219
Dividends to shareholders
(212
)
(212
)
Repurchases of common shares
(24
)
(576
)
(576
)
Payments made under prepaid forward agreements
(see Note 9)
(950
)
(950
)
Shares received under prepaid forward agreements
(see Note 9)
(38
)
Stock
-
based compensation
127
1
128
Balance at June 29, 2007
535
$
—
$
3,204
$
—
$
(
4
)
$
1,537
$
4,737