Seagate 2008 Annual Report Download - page 144
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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 July 3, 2009
(In millions)
(1)
Seagate
Technology
Parent
Company
Guarantor
Maxtor
Subsidiary
Issuer
(11 months)
(1)
STUS
Subsidiary
Issuer
(1 month)
(2)
Combined
Non-
Guarantors
Eliminations
Seagate
Technology
Consolidated
Revenue
$
—
$
—
$
—
$
9,805
$
—
$
9,805
Cost of revenue
—
2
(1
)
8,394
—
8,395
Product development
—
2
—
951
—
953
Marketing and administrative
—
(
4
)
2
539
—
537
Amortization of intangibles
—
—
—
55
—
55
Restructuring and other, net
—
10
9
191
—
210
Impairment of goodwill and other long
-
lived assets
—
—
—
2,290
—
2,290
Total operating expenses
10
10
12,420
—
12,440
Income (loss) from operations
—
(
10
)
(10
)
(2,615
)
—
(
2,635
)
Interest income
—
—
—
42
(25
)
17
Interest expense
—
(
49
)
(3
)
(108
)
26
(134
)
Equity in loss of Maxtor
—
—
—
(
69
)
69
—
Equity in loss of STUS
—
—
—
(
22
)
22
—
Equity in income (loss) of Non
-
Guarantors
(3,086
)
(13
)
8
(3,042
)
6,133
—
Other, net
—
—
—
(
23
)
—
(
23
)
Other income (expense), net
(3,086
)
(62
)
5
(3,222
)
6,225
(140
)
Income (loss) before income taxes
(3,086
)
(72
)
(5
)
(5,837
)
6,225
(2,775
)
Provision for (benefit from) income taxes
—
(
1
)
9
303
—
311
Net income (loss)
$
(3,086
)
$
(71
)
$
(14
)
$
(6,140
)
$
6,225
$
(3,086
)
For the eleven months ended May 29, 2009, the period for which Maxtor was the issuer.
(2) For the one month ended July 3, 2009, the period for which STUS was the issuer.
142