Seagate 2014 Annual Report Download - page 49

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TableofContents
acquisitionofcertainassetsandliabilitiesofLSICorporation's("LSI")AcceleratedSolutionsDivisionandFlashComponentsDivision(collectively,the"Flash
Business")fromAvagoTechnologiesLimitedfor$450millionincash.
ResultsofOperations
WelistinthetablesbelowsummarizedinformationfromourConsolidatedStatementsofOperationsbydollarsandasapercentageofrevenue:

46
 FiscalYearsEnded
(Dollarsinmillions) 
July3,
2015
June27,
2014
June28,
2013
Revenue  $ 13,739 $ 13,724 $ 14,351
Costofrevenue   9,930  9,878  10,411
Grossmargin  3,809  3,846  3,940
Productdevelopment  1,353  1,226  1,133
Marketingandadministrative   857  722  635
Amortizationofintangibles   129  98  79
Restructuringandother,net   32  24  2
Gainonarbitrationaward,net   (620) —  —
Incomefromoperations  2,058  1,776  2,091
Otherincome(expense),net (88)  (220)  (260)
Incomebeforeincometaxes  1,970  1,556  1,831
Provisionfor(benefitfrom)incometaxes 228 (14)  (7)
Netincome $ 1,742 $ 1,570 $ 1,838
 FiscalYearsEnded
 
July3,
2015
June27,
2014
June28,
2013
Revenue 100% 100% 100%
Costofrevenue   72  72  73
Grossmargin   28  28  27
Productdevelopment   10  9  8
Marketingandadministrative   7  5  4
Amortizationofintangibles   1  1  1
Restructuringandother,net   —  —  —
Gainonarbitrationaward,net   (5)  — —
Incomefromoperations   15  13  14
Otherincome(expense),net   (1)  (2)  (2)
Incomebeforeincometaxes   14  11  12
Provisionfor(benefitfrom)incometaxes   2  —  —
Netincome   12% 11% 12%