Seagate 2008 Annual Report Download - page 139

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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 29, 2007
(In millions)
137
Seagate
Technology
Parent
Company
Guarantor
HDD
Subsidiary
Issuer
Combined
Non-
Guarantors
Eliminations
Seagate
Technology
Consolidated
$
—
$
—
$
12,278
$
(918
)
$
11,360
Cost of revenue
—
—
10,093
(918
)
9,175
Product development
—
—
904
—
904
Marketing and administrative
2
—
587
—
589
Amortization of intangibles
—
—
49
—
49
Restructuring and other, net
—
—
29
—
29
Total operating expenses
2
—
11,662
(918
)
10,746
Income (loss) from operations
(2
)
—
616
—
614
Interest income
1
20
104
(52
)
73
Interest expense
(2
)
(122
)
(69
)
52
(141
)
Equity in income of HDD
916
—
—
(
916
)
—
Equity in income (loss) of Non
-
Guarantors
—
1,018
(525
)
(493
)
—
Other, net
—
—
15
—
15
Other income (expense), net
915
916
(475
)
(1,409
)
(53
)
Income before income taxes
913
916
141
(1,409
)
561
Provision for (benefit from) income taxes
—
—
(
352
)
—
(
352
)
Net income
$
913
$
916
$
493
$
(1,409
)
$
913