ADT 2006 Annual Report Download - page 155

TYCO INTERNATIONAL LTD.
CONSOLIDATED BALANCE SHEETS
As of September 29, 2006 and September 30, 2005
(in millions, except share data)
2005
2006 (Restated)
Assets
Current Assets:
Cash and cash equivalents ........................................ $ 2,926 $ 3,212
Accounts receivable, less allowance for doubtful accounts of $336 and $421,
respectively ................................................. 7,064 6,657
Inventories ................................................... 4,794 4,144
Prepaid expenses and other current assets ............................ 2,585 1,861
Deferred income taxes .......................................... 1,171 1,220
Assets held for sale ............................................ 245 1,568
Total current assets ........................................... 18,785 18,662
Property, plant and equipment, net ................................... 9,309 9,092
Goodwill ...................................................... 24,858 24,557
Intangible assets, net ............................................. 5,128 5,085
Other assets ................................................... 5,642 5,290
Total Assets .................................................. $63,722 $62,686
Liabilities and Shareholders’ Equity
Current Liabilities:
Current maturities of long-term debt ................................ $ 808 $ 1,930
Accounts payable .............................................. 3,527 3,019
Accrued and other current liabilities ................................ 5,834 5,769
Deferred revenue .............................................. 841 771
Liabilities held for sale .......................................... 56 320
Total current liabilities ......................................... 11,066 11,809
Long-term debt ................................................. 9,365 10,599
Other liabilities ................................................. 7,818 7,702
Total Liabilities .............................................. 28,249 30,110
Commitments and contingencies (Note 18)
Minority interest ................................................ 54 61
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; 1,992,120,380
and 2,014,853,113 shares outstanding, net of 104,982,780 and 12,024,224
shares owned by subsidiaries, respectively ........................... 398 403
Capital in excess:
Share premium .............................................. 8,787 8,540
Contributed surplus, net ....................................... 14,493 15,507
Accumulated earnings ........................................... 10,706 7,800
Accumulated other comprehensive income ............................ 1,035 265
Total Shareholders’ Equity ..................................... 35,419 32,515
Total Liabilities and Shareholders’ Equity .......................... $63,722 $62,686
See Notes to Consolidated Financial Statements.
2006 Financials 93