ADT 2005 Annual Report Download - page 221

TYCO INTERNATIONAL LTD.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
26. Tyco International Group S.A. (Continued)
CONSOLIDATING STATEMENT OF INCOME
For the Year Ended September 30, 2003
($ in millions)
Tyco Tyco
International International Other Consolidating
Ltd. Group S.A. Subsidiaries Adjustments Total
Net revenue ................. $ — $ — $34,256 $ — $34,256
Cost of product sales .......... — — 17,783 — 17,783
Cost of services .............. — — 4,435 — 4,435
Selling, general and administrative
expenses .................. 54 3 8,074 — 8,131
Restructuring and other credits,
net...................... — — (73) — (73)
Impairment of long-lived assets . . . — — 825 — 825
Goodwill impairment .......... — — 278 — 278
Operating (loss) income ...... (54) (3) 2,934 — 2,877
Interest income .............. 2 34 71 — 107
Interest expense .............. (43) (996) (108) — (1,147)
Other income (expense), net ..... 23 (159) (87) — (223)
Equity in net income of
subsidiaries ................ 1,770 561 — (2,331) —
Intercompany interest and fees . . . (718) 954 (236) — —
Income from continuing
operations before income
taxes and minority interest . . . 980 391 2,574 (2,331) 1,614
Income taxes ................ — — (729) — (729)
Minority interest .............. — — (3) — (3)
Income from continuing
operations ............... 980 391 1,842 (2,331) 882
Income from discontinued
operations, net of income taxes . — — 173 — 173
Income before cumulative effect
of accounting change ....... 980 391 2,015 (2,331) 1,055
Cumulative effect of accounting
change, net of income taxes .... — — (75) — (75)
Net income ................ $ 980 $391 $ 1,940 $(2,331) $ 980
2005 Financials 145