Exhibit 99.3
WESTERN DIGITAL CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
Restated for Discontinued Operations and the Adoption of SAB 101*
(in thousands, except per share amounts)
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| | | | | Three Months Ended | | Year Ended |
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| | | | | Sep. 29, | | Dec. 29, | | Mar. 30, | | Jun. 29, | | Jun. 29, |
| | | | | 2000 | | 2000 | | 2001 | | 2001 | | 2001 |
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| Revenues, net | | $ | 424,366 | | | $ | 561,570 | | | $ | 511,723 | | | $ | 455,733 | | | $ | 1,953,392 | |
| Costs and expenses: | | | | | | | | | | | | | | | | | | | | |
| | Cost of revenues | | | 398,430 | | | | 494,029 | | | | 448,428 | | | | 404,767 | | | | 1,745,654 | |
| | Research and development | | | 32,001 | | | | 33,617 | | | | 32,085 | | | | 24,811 | | | | 122,514 | |
| | Selling, general and administrative | | | 29,523 | | | | 31,925 | | | | 30,225 | | | | 27,448 | | | | 119,121 | |
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| | | Total costs and expenses | | | 459,954 | | | | 559,571 | | | | 510,738 | | | | 457,026 | | | | 1,987,289 | |
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| Operating income (loss) | | | (35,588 | ) | | | 1,999 | | | | 985 | | | | (1,293 | ) | | | (33,897 | ) |
| Net interest and other nonoperating income (expense) | | | (1,632 | ) | | | 839 | | | | 52 | | | | (52,454 | ) | | | (53,195 | ) |
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| Income (loss) from continuing operations | | | (37,220 | ) | | | 2,838 | | | | 1,037 | | | | (53,747 | ) | | | (87,092 | ) |
| Discontinued operations | | | (8,045 | ) | | | (9,827 | ) | | | (7,156 | ) | | | (7,639 | ) | | | (32,667 | ) |
| Extraordinary gain from redemption of debentures | | | 11,243 | | | | 10,576 | | | | 371 | | | | 210 | | | | 22,400 | |
| Cumulative effect of change in accounting principle | | | (1,504 | ) | | | — | | | | — | | | | — | | | | (1,504 | ) |
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| Net income (loss) | | $ | (35,526 | ) | | $ | 3,587 | | | $ | (5,748 | ) | | $ | (61,176 | ) | | $ | (98,863 | ) |
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| Basic and diluted income (loss) per common share: | | | | | | | | | | | | | | | | | | | | |
| Loss from continuing operations | | $ | (0.25 | ) | | $ | 0.02 | | | $ | 0.01 | | | $ | (0.30 | ) | | $ | (0.52 | ) |
| Discontinued operations | | | (0.05 | ) | | | (0.06 | ) | | | (0.04 | ) | | | (0.04 | ) | | | (0.19 | ) |
| Extraordinary gain | | | 0.07 | | | | 0.06 | | | | 0.00 | | | | 0.00 | | | | 0.13 | |
| Cumulative effect of change in accounting principle | | | (0.01 | ) | | | — | | | | — | | | | — | | | | (0.01 | ) |
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| Basic and diluted | | $ | (0.24 | ) | | $ | 0.02 | | | $ | (0.03 | ) | | $ | (0.34 | ) | | $ | (0.59 | ) |
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| Common shares used in computing per share amounts: | | | | | | | | | | | | | | | | | | | | |
| Basic and diluted | | | 148,044 | | | | 171,175 | | | | 176,250 | | | | 179,390 | | | | 168,715 | |
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• The prior year results have been restated to reflect the adoption of SEC Staff Accounting Bulletin No. 101 in the fourth quarter of fiscal 2001, and the reclassification of Connex and SANavigator results as discontinued operations.
