Seagate 2008 Annual Report Download - page 137

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Table of Contents
SEAGATE TECHNOLOGY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
18. Condensed Consolidating Financial Information (Continued)
Consolidating Statement of Operations
Fiscal Year Ended June 27, 2008
(In millions)
135
Seagate
Technology
Parent
Company
Guarantor
HDD
Subsidiary
Issuer
Combined
Non-
Guarantors
Eliminations
Seagate
Technology
Consolidated
$
—
$
—
$
12,708
$
—
$
12,708
Cost of revenue
—
—
9,503
—
9,503
Product development
—
—
1,028
—
1,028
Marketing and administrative
1
—
658
—
659
Amortization of intangibles
—
—
54
—
54
Restructuring and other, net
—
—
88
—
88
Total operating expenses
1
—
11,331
—
11,332
Income (loss) from operations
(1
)
—
1,377
—
1,376
Interest income
—
—
93
(36
)
57
Interest expense
—
(
93
)
(69
)
36
(126
)
Equity in income of HDD
1,263
—
—
(
1,263
)
—
Equity in income (loss) of Non
-
Guarantors
—
1,356
(77
)
(1,279
)
—
Other, net
—
—
22
—
22
Other income (expense), net
1,263
1,263
(31
)
(2,542
)
(47
)
Income before income taxes
1,262
1,263
1,346
(2,542
)
1,329
Provision for (benefit from) income taxes
—
—
67
—
67
Net income
$
1,262
$
1,263
$
1,279
$
(2,542
)
$
1,262