Seagate 2007 Annual Report Download - page 131

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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)
130
Seagate
Technology
Parent
Company
Guarantor
Maxtor
Subsidiary
Issuer
Combined
Non-
Guarantors
Eliminations
Seagate
Technology
Consolidated
Revenue
$
—
$
9
$
12,699
$
—
$
12,708
Cost of revenue
—
12
9,491
—
9,503
Product development
—
9
1,019
—
1,028
Marketing and administrative
1
5
653
—
659
Amortization of intangibles
—
—
54
—
54
Restructuring and other, net
—
—
88
—
88
Total operating expenses
1
26
11,305
—
11,332
Income (loss) from operations
(1
)
(17
)
1,394
—
1,376
Interest income
—
—
93
(36
)
57
Interest expense
—
(
63
)
(99
)
36
(126
)
Equity in loss of Maxtor
—
—
(
83
)
83
—
Equity in income (loss) of Non
-
Guarantors
1,263
6
1,356
(2,625
)
—
Other, net
—
5
17
—
22
Other income (expense), net
1,263
(52
)
1,284
(2,542
)
(47
)
Income (loss) before income taxes
1,262
(69
)
2,678
(2,542
)
1,329
Provision for (benefit from) income taxes
—
14
53
—
67
Net income (loss)
$
1,262
$
(83
)
$
2,625
$
(2,542
)
$
1,262