Seagate 2007 Annual Report Download - page 132
Download and view the complete annual report
Please find page 132 of the 2007 Seagate annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122 -
123 -
124 -
125 -
126 -
127 -
128 -
129 -
130 -
131 -
132 -
133 -
134 -
135 -
136 -
137 -
138 -
139 -
140 -
141 -
142 -
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
 |
 |
Table of Contents
SEAGATE TECHNOLOGY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
—
(
Continued)
Consolidating Statement of Cash Flows
Fiscal Year Ended June 27, 2008
(In millions)
131
Seagate
Technology
Parent
Company
Guarantor
Maxtor
Subsidiary
Issuer
Combined
Non-
Guarantors
Eliminations
Seagate
Technology
Consolidated
OPERATING ACTIVITES
Net Income (Loss)
$
1,262
$
(83
)
$
2,625
$
(2,542
)
$
1,262
Adjustments to reconcile net income (loss) to net cash provided
by (used in) operating activities:
Depreciation and amortization
—
3
841
—
844
Stock
-
based compensation
—
14
99
—
113
Tax benefit from exercise of stock options
—
—
(
6
)
—
(
6
)
Allowance for doubtful accounts receivable, net of
recoveries
—
—
(
3
)
—
(
3
)
Deferred income taxes
—
203
(193
)
—
10
In
-
process research and development
—
—
4
—
4
Non
-
cash portion of restructuring charges and other
—
—
2
—
2
Equity in loss of Maxtor
—
—
83
(83
)
—
Equity in (income) loss of Non
-
Guarantors
(1,263
)
(6
)
(1,356
)
2,625
—
Other non
-
cash operating activities, net
—
4
(16
)
—
(
12
)
Changes in operating assets and liabilities, net
(5
)
(260
)
589
—
324
Net cash provided by (used in) operating activities
(6
)
(125
)
2,669
—
2,538
INVESTING ACTIVITIES
Acquisition of property, equipment and leasehold
improvements
—
—
(
930
)
—
(
930
)
Proceeds from sales of fixed assets
—
7
22
—
29
Purchase of short
-
term investments
—
—
(
486
)
—
(
486
)
Maturities and sales of short
-
term investments
—
—
460
—
460
Acquisitions, net of cash and cash equivalents acquired
—
—
(
78
)
—
(
78
)
Other investing activities, net
—
—
14
—
14
Net cash provided by (used in) investing activities
—
7
(998
)
—
(
991
)
FINANCING ACTIVITIES
Repayment of long
-
term debt
—
(
5
)
(29
)
—
(
34
)
Loan from Non
-
Guarantor to Parent
1,522
—
(
1,522
)
—
—
Loan from Non
-
Guarantor to Maxtor
—
111
(111
)
—
—
Distribution to Maxtor from Non
-
Guarantor
—
10
(10
)
—
—
Proceeds from exercise of employee stock options and
employee stock purchase plan
178
—
—
—
178
Dividends to shareholders
(216
)
—
—
—
(
216
)
Tax benefit from exercise of stock options
—
—
6
—
6
Repurchases of common shares
(1,479
)
—
—
—
(
1,479
)
Net cash provided by (used in) financing activities
5
116
(1,666
)
—
(
1,545
)
Increase (decrease) in cash and cash equivalents
(1
)
(2
)
5
—
2
Cash and cash equivalents at the beginning of the period
4
3
981
—
988
Cash and cash equivalents at the end of the period
$
3
$
1
$
986
$
—
$
990