Seagate 2007 Annual Report Download - page 124

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Table of Contents
SEAGATE TECHNOLOGY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
—
(
Continued)
Consolidating Statement of Operations
Fiscal Year Ended June 29, 2007
(In millions)
123
Seagate
Technology
Parent
Company
Guarantor
HDD
Subsidiary
Issuer
Combined
Non-
Guarantors
Eliminations
Seagate
Technology
Consolidated
Revenue
$
—
$
—
$
12,278
$
(918
)
$
11,360
Cost of revenue
—
—
10,093
(918
)
9,175
Product development
—
—
904
—
904
Marketing and administrative
2
—
587
—
589
Amortization of intangibles
—
—
49
—
49
Restructuring and other, net
—
—
29
—
29
Total operating expenses
2
—
11,662
(918
)
10,746
Income from operations
(2
)
—
616
—
614
Interest income
1
20
104
(52
)
73
Interest expense
(2
)
(122
)
(69
)
52
(141
)
Equity in income of HDD
916
—
—
(
916
)
—
Equity in income (loss) of Non
-
Guarantors
—
1,018
(525
)
(493
)
—
Other, net
—
—
15
—
15
Other income (expense), net
915
916
(475
)
(1,409
)
(53
)
Income before income taxes
913
916
141
(1,409
)
561
Provision for (benefit from) income taxes
—
—
(
352
)
—
(
352
)
Net income
$
913
$
916
$
493
$
(1,409
)
$
913