WESTERN DIGITAL CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
(unaudited)
Three Months Ended
Year Ended
Sep. 28, 2001*
Dec. 28, 2001*
Mar. 29, 2002*
Jun. 28, 2002*
Jun. 28, 2002*
Revenues, net
$
440,943
$
574,670
$
594,867
$
540,672
$
2,151,152
Costs and expenses:
Cost of revenues
384,936
504,112
513,849
466,654
1,869,551
Research and development
28,845
29,212
31,443
30,628
120,128
Selling, general and administrative
27,368
28,494
28,774
26,161
110,797
Total costs and expenses
441,149
561,818
574,066
523,443
2,100,476
Operating income (loss)
(206)
12,852
20,801
17,229
50,676
Net interest and other income (expense)
(351)
2,593
(334)
(537)
1,371
Income (loss) from continuing operations before income tax benefit (expense)
(557)
15,445
20,467
16,692
52,047
Income tax benefit (expense)
-
-
1,624
(484)
1,140
Income (loss) from continuing operations
(557)
15,445
22,091
16,208
53,187
Discontinued operations
21,075
(2,851)
(2,893)
(3,090)
12,241
Net income
$
20,518
$
12,594
$
19,198
$
13,118
$
65,428
Diluted income (loss) per common share:
Income (loss) from continuing operations
$
(0.00)
$
0.08
$
0.11
$
0.08
$
0.28
Discontinued operations
0.11
(0.01)
(0.01)
(0.01)
0.06
$
0.11
$
0.07
$
0.10
$
0.07
$
0.34
Common shares used in computing per share amounts:
Diluted
187,139
191,624
198,355
197,714
193,708
* These results have been restated to reflect the
reclassification of Keen Personal Media, Inc. results as discontinued operations, and to reflect the
reclassification of extraordinary gains or losses from the redemption of debentures into the net interest
and other income/expense line, in accordance with SFAS 145.
