ADT 2006 Annual Report Download - page 222

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, 2004
($ in millions)
Tyco Tyco
International International Other Consolidating
Ltd. Group S.A. Subsidiaries Adjustments Total
Net revenue ......................... $ — $ — $37,960 $ — $37,960
Cost of product sales .................. — — 19,115 — 19,115
Cost of services ...................... — — 5,145 — 5,145
Selling, general and administrative expenses . . 90 3 8,089 — 8,182
Losses on divestitures .................. — — 116 — 116
Restructuring and other charges, net ....... — — 204 — 204
Impairment of long-lived assets ........... — — 52 — 52
Operating (loss) income .............. (90) (3) 5,239 — 5,146
Interest income ...................... — 28 63 — 91
Interest expense ...................... (5) (819) (132) — (956)
Other expense, net .................... — (246) (40) — (286)
Equity in net income of subsidiaries ........ 4,161 2,277 — (6,438) —
Intercompany interest and fees ........... (1,245) 1,040 205 — —
Income from continuing operations before
income taxes and minority interest ..... 2,821 2,277 5,335 (6,438) 3,995
Income taxes ........................ (1) — (1,111) — (1,112)
Minority interest ..................... — — (14) — (14)
Income from continuing operations ...... 2,820 2,277 4,210 (6,438) 2,869
Loss from discontinued operations, net of
income taxes ....................... — — (49) — (49)
Net income ........................ $2,820 $ 2,277 $ 4,161 $ (6,438) $ 2,820
160 2006 Financials