Seagate 2007 Annual Report Download - page 133

Download and view the complete annual report

Please find page 133 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.

Page out of 203

  • 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 Operations
Fiscal Year Ended June 29, 2007
(In millions)
132
Seagate
Technology
Parent
Company
Guarantor
Maxtor
Subsidiary
Issuer
Combined
Non-
Guarantors
Eliminations
Seagate
Technology
Consolidated
Revenue
$
—
$
336
$
11,942
$
(918
)
$
11,360
Cost of revenue
—
409
9,684
(918
)
9,175
Product development
—
13
891
—
904
Marketing and administrative
2
32
555
—
589
Amortization of intangibles
—
7
42
—
49
Restructuring and other, net
—
2
27
—
29
Total operating expenses
2
463
11,199
(918
)
10,746
Income (loss) from operations
(2
)
(127
)
743
—
614
Interest income
1
1
123
(52
)
73
Interest expense
(2
)
(66
)
(125
)
52
(141
)
Equity in loss of Maxtor
—
—
(
359
)
359
—
Equity in income (loss) of Non
-
Guarantors
916
(166
)
1,018
(1,768
)
—
Other, net
—
(
1
)
16
—
15
Other income (expense), net
915
(232
)
673
(1,409
)
(53
)
Income (loss) before income taxes
913
(359
)
1,416
(1,409
)
561
Provision for (benefit from) income taxes
—
—
(
352
)
—
(
352
)
Net income (loss)
$
913
$
(359
)
$
1,768
$
(1,409
)
$
913