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Table of Contents
SEAGATE TECHNOLOGY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
—
(
Continued)
Consolidating Statement of Operations
Fiscal Year Ended June 27, 2008
(In millions)
121
Seagate
Technology
Parent
Company
Guarantor
HDD
Subsidiary
Issuer
Combined
Non-
Guarantors
Eliminations
Seagate
Technology
Consolidated
Revenue
$
—
$
—
$
12,708
$
—
$
12,708
Cost of revenue
—
—
9,503
—
9,503
Product development
—
—
1,028
—
1,028
Marketing and administrative
1
—
658
—
659
Amortization of intangibles
—
—
54
—
54
Restructuring and other, net
—
—
88
—
88
Total operating expenses
1
—
11,331
—
11,332
Income from operations
(1
)
—
1,377
—
1,376
Interest income
—
—
93
(36
)
57
Interest expense
—
(
93
)
(69
)
36
(126
)
Equity in income of HDD
1,263
—
—
(
1,263
)
—
Equity in income (loss) of Non
-
Guarantors
—
1,356
(77
)
(1,279
)
—
Other, net
—
—
22
—
22
Other income (expense), net
1,263
1,263
(31
)
(2,542
)
(47
)
Income before income taxes
1,262
1,263
1,346
(2,542
)
1,329
Provision for (benefit from) income taxes
—
—
67
—
67
Net income
$
1,262
$
1,263
$
1,279
$
(2,542
)
$
1,262