ADT 2006 Annual Report Download - page 221

TYCO INTERNATIONAL LTD.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
27. Tyco International Group S.A. (Continued)
CONSOLIDATING STATEMENT OF INCOME (RESTATED)
For the Year Ended September 30, 2005
($ in millions)
Tyco Tyco
International International Other Consolidating
Ltd. Group S.A. Subsidiaries Adjustments Total
Net revenue ......................... $ — $ — $39,305 $ — $39,305
Cost of product sales .................. — — 20,804 — 20,804
Cost of services ...................... — — 4,767 — 4,767
Selling, general and administrative expenses . . 112 63 8,054 — 8,229
Gains on divestitures .................. — — (274) — (274)
Restructuring and other charges, net ....... — — 5 — 5
Impairment of long-lived assets ........... — — 6 — 6
Operating (loss) income .............. (112) (63) 5,943 — 5,768
Interest income ...................... 1 28 94 — 123
Interest expense ...................... — (727) (88) — (815)
Other (expense) income, net ............. — (1,013) 102 — (911)
Equity in net income of subsidiaries ........ 4,539 2,882 — (7,421) —
Intercompany interest and fees ........... (1,409) 1,715 (306) — —
Income from continuing operations before
income taxes and minority interest ..... 3,019 2,822 5,745 (7,421) 4,165
Income taxes ........................ — (1) (1,111) — (1,112)
Minority interest ..................... — — (9) — (9)
Income from continuing operations ...... 3,019 2,821 4,625 (7,421) 3,044
Loss from discontinued operations, net of
income taxes ....................... — — (46) — (46)
Income before cumulative effect of
accounting change ................. 3,019 2,821 4,579 (7,421) 2,998
Cumulative effect of accounting change, net of
income taxes ....................... — — 21 — 21
Net income ........................ $3,019 $ 2,821 $ 4,600 $ (7,421) $ 3,019
2006 Financials 159