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Table of Contents
SEAGATE TECHNOLOGY PLC
CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except per share data)
See notes to consolidated financial statements.
63
Fiscal Years Ended
June 27,
2014
June 28,
2013
June 29,
2012
Revenue
$
13,724
$
14,351
$
14,939
Cost of revenue
9,878
10,411
10,255
Product development
1,226
1,133
1,006
Marketing and administrative
722
635
528
Amortization of intangibles
98
79
38
Restructuring and other, net
24
2
4
1
1
1
1
1
1
1
1
Total operating expenses
11,948
12,260
11,831
1
1
1
1
1
1
1
1
Income from operations
1,776
2,091
3,108
Interest income
8
8
8
Interest expense
(195
)
(214
)
(241
)
Other, net
(33
)
(54
)
7
1
1
1
1
1
1
1
1
Other expense, net
(220
)
(260
)
(226
)
Income before income taxes
1,556
1,831
2,882
(Benefit from) provision for income taxes
(14
)
(7
)
20
1
1
1
1
1
1
1
1
Net income
1,570
1,838
2,862
Less: Net income attributable to noncontrolling interest
—
—
—
1
1
1
1
1
1
1
1
Net income attributable to Seagate Technology plc
$
1,570
$
1,838
$
2,862
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
Net income per share attributable to Seagate Technology plc
ordinary shareholders:
Basic
$
4.66
$
4.97
$
6.72
Diluted
4.52
4.81
6.49
Number of shares used in per share calculations:
Basic
337
370
426
Diluted
347
382
441
Cash dividends declared per Seagate Technology plc ordinary
share
$
1.67
$
1.40
$
0.86