ADT 2005 Annual Report Download - page 158

TYCO INTERNATIONAL LTD.
CONSOLIDATED BALANCE SHEETS
As of September 30, 2005 and 2004
(in millions, except share data)
2005 2004
Assets
Current Assets:
Cash and cash equivalents ........................................ $ 3,196 $ 4,467
Accounts receivable, less allowance for doubtful accounts of $422 and $516,
respectively ................................................. 6,732 6,096
Inventories ................................................... 4,197 4,179
Prepaid expenses and other current assets ............................. 1,857 1,710
Deferred income taxes ........................................... 1,200 1,012
Assets held for sale ............................................. 1,355 2,170
Total current assets ............................................ 18,537 19,634
Property, plant and equipment, net ................................... 9,238 9,314
Goodwill ...................................................... 24,557 24,800
Intangible assets, net .............................................. 5,085 5,311
Other assets .................................................... 5,204 4,608
Total Assets ................................................. $62,621 $63,667
Liabilities and Shareholders’ Equity
Current Liabilities:
Current maturities of long-term debt ................................ $ 1,954 $ 2,037
Accounts payable ............................................... 3,065 2,625
Accrued and other current liabilities ................................. 5,765 5,009
Deferred revenue .............................................. 771 730
Liabilities held for sale ........................................... 280 875
Total current liabilities ......................................... 11,835 11,276
Long-term debt .................................................. 10,600 14,542
Other liabilities .................................................. 7,675 7,489
Total Liabilities .............................................. 30,110 33,307
Commitments and contingencies (Note 17)
Minority interest ................................................. 61 68
Shareholders’ Equity:
Preference shares, $1 par value, 125,000,000 shares authorized, none outstanding .... — —
Common shares, $0.20 par value, 4,000,000,000 shares authorized; 2,014,853,113
and 2,009,867,009 shares outstanding, net of 12,024,224 and 12,864,837 shares
owned by subsidiaries, respectively ................................. 403 402
Capital in excess:
Share premium .............................................. 8,540 8,315
Contributed surplus, net ........................................ 15,249 15,319
Accumulated earnings ........................................... 7,993 5,740
Accumulated other comprehensive income ............................ 265 516
Total Shareholders’ Equity ...................................... 32,450 30,292
Total Liabilities and Shareholders’ Equity ........................... $62,621 $63,667
See Notes to Consolidated Financial Statements.
82 2005 Financials