WDC » Topics » CONSOLIDATED STATEMENTS OF INCOME

This excerpt taken from the WDC 10-K filed Sep 14, 2005.
CONSOLIDATED STATEMENTS OF INCOME
(in millions, except per share amounts)
                             
    Years Ended
     
    July 1,   July 2,   June 27,
    2005   2004   2003
             
Revenue, net
  $ 3,638.8     $ 3,046.7     $ 2,718.5  
Cost of revenue
    3,049.0       2,585.1       2,275.6  
                   
 
Gross margin
    589.8       461.6       442.9  
                   
Operating expenses:
                       
 
Research and development
    238.5       201.0       134.7  
 
Selling, general and administrative
    154.4       105.7       121.4  
                   
   
Total operating expenses
    392.9       306.7       256.1  
                   
Operating income
    196.9       154.9       186.8  
Net interest and other income
    5.4       0.3       2.9  
                   
Income before income taxes
    202.3       155.2       189.7  
Income tax expense
    3.9       3.9       7.6  
                   
Net income
  $ 198.4     $ 151.3     $ 182.1  
                   
Net income per common share:
                       
 
Basic
  $ .96     $ .74     $ .93  
                   
 
Diluted
  $ .91     $ .70     $ .89  
                   
Weighted average shares outstanding:
                       
 
Basic
    207.6       205.7       195.6  
                   
 
Diluted
    216.9       216.7       205.5  
                   
The accompanying notes are an integral part of these consolidated financial statements.

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WESTERN DIGITAL CORPORATION

"CONSOLIDATED STATEMENTS OF INCOME" elsewhere:

SIEMENS AKTIENGESELLSCHAFT (SI)
Dell (DELL)
BARD C R INC (BCR)
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