Seagate 2007 Annual Report Download - page 73

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Table of Contents
SEAGATE TECHNOLOGY
CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except per share data)
See notes to consolidated financial statements.
72
Fiscal Year Ended
June 27,
2008
June 29,
2007
June 30,
2006
Revenue
$
12,708
$
11,360
$
9,206
Cost of revenue
9,503
9,175
7,069
Product development
1,028
904
805
Marketing and administrative
659
589
447
Amortization of intangibles
54
49
7
Restructuring and other
88
29
4
Total operating expenses
11,332
10,746
8,332
Income from operations
1,376
614
874
Interest income
57
73
69
Interest expense
(126
)
(141
)
(41
)
Other, net
22
15
22
Other income (expense), net
(47
)
(53
)
50
Income before income taxes
1,329
561
924
Provision for (benefit from) income taxes
67
(352
)
84
Net income
$
1,262
$
913
$
840
Net income per share:
Basic
$
2.46
$
1.64
$
1.70
Diluted
2.36
1.56
1.60
Number of shares used in per share calculations:
Basic
512
558
495
Diluted
538
587
524
Cash dividends declared per share
$
0.42
$
0.38
$
0.32