Seagate 2008 Annual Report Download - page 148

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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)
146
Seagate
Technology
Parent
Company
Guarantor
Maxtor
Subsidiary
Issuer
Combined
Non-
Guarantors
Eliminations
Seagate
Technology
Consolidated
$
—
$
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