Seagate 2009 Annual Report Download - page 73

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Table of Contents
SEAGATE TECHNOLOGY
CONSOLIDATED STATEMENTS OF OPERATIONS
(Dollars in millions, except per share data)
(a) 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 (see Note 5).
See notes to consolidated financial statements.
70
Fiscal Years Ended
July 2,
2010
July 3,
2009
(a)
June 27,
2008
(a)
Revenue
$
11,395
$
9,805
$
12,708
Cost of revenue
8,191
8,395
9,503
Product development
877
953
1,028
Marketing and administrative
437
537
659
Amortization of intangibles
27
55
54
Restructuring and other, net
66
210
88
Impairment of goodwill and other long
-
lived assets, net of
recoveries
57
2,320
—
Total operating expenses
9,655
12,470
11,332
Income (loss) from operations
1,740
(2,665
)
1,376
Interest income
6
17
57
Interest expense
(174
)
(143
)
(137
)
Other, net
(3
)
(23
)
22
Other income (expense), net
(171
)
(149
)
(58
)
Income (loss) before income taxes
1,569
(2,814
)
1,318
Provision for (benefit from) income taxes
(40
)
311
67
Net income (loss)
$
1,609
$
(3,125
)
$
1,251
Net income (loss) per share:
Basic
$
3.28
$
(6.40
)
$
2.44
Diluted
3.14
(6.40
)
2.34
Number of shares used in per share calculations:
Basic
491
488
512
Diluted
514
488
538
Cash dividends declared per share
$
—
$
0.27
$
0.42