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Table of Contents
ITEM 6. SELECTED FINANCIAL DATA
The following selected consolidated financial data set forth below for each of the last five fiscal years, is not necessarily indicative of results
of future operations, and should be read in conjunction with "Item 7. Management's Discussion and Analysis of Financial Condition and Results
of Operations" and the Consolidated Financial Statements and related notes thereto included in "Item 8. Financial Statements and Supplementary
Data" of this Annual Report on Form 10-K, which are incorporated herein by reference, to fully understand factors that may affect the
comparability of the information presented below.
The Consolidated Statements of Operations data for the years ended July 2, 2010, July 3, 2009 and June 27, 2008 and the Consolidated
Balance Sheet data at July 2, 2010 and July 3, 2009, are derived from our audited Consolidated Financial Statements appearing elsewhere in this
Annual Report on Form 10-K. The Consolidated Statements of Operations data for the years ended June 29, 2007 and June 30, 2006, and the
Consolidated Balance Sheet data at June 27, 2008, June 29, 2007 and June 30, 2006, are derived from our audited Consolidated Financial
Statements that are not included in this Annual Report on Form 10-K.
43
Fiscal Years Ended
(Dollars in millions, except per share data)
July 2,
2010
July 3,
2009
(1)(2)
June 27,
2008
(1)
June 29,
2007
(1)
June 30,
2006
(1)(3)
Revenue
$
11,395
$
9,805
$
12,708
$
11,360
$
9,206
Gross margin
3,204
1,410
3,205
2,185
2,137
Income (loss) from operations
1,740
(2,665
)
1,376
614
874
Net income (loss)
1,609
(3,125
)
1,251
933
839
Total assets
8,247
7,087
10,150
9,502
9,544
Total debt
2,502
2,697
1,978
2,000
897
Shareholders' equity
$
2,724
$
1,554
$
4,667
$
4,829
$
5,285
Net income (loss) per share:
Basic
$
3.28
$
(6.40
)
$
2.44
$
1.67
$
1.69
Diluted
3.14
(6.40
)
2.33
1.59
1.60
Number of shares used in per share
computations:
Basic
491
488
512
558
495
Diluted
514
488
538
587
524
Cash dividends declared per share
$
—
$
0.27
$
0.42
$
0.38
$
0.32
(1) As adjusted due to a required change in the accounting for convertible debt instruments implemented in the first quarter of
fiscal year 2010, applied on a retrospective basis.
(2) Includes the effect of a $2.3 billion impairment of goodwill and other long-lived assets.
(3)
Seagate Technology's results include Maxtor Corporation's results beginning May 19, 2006.