ADT 2007 Annual Report Download - page 261

TYCO INTERNATIONAL LTD.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
25. Tyco International Finance S.A. (Continued)
CONSOLIDATING STATEMENT OF OPERATIONS
For the Year Ended September 30, 2005
($ in millions)
Tyco Tyco
International International Other Consolidating
Ltd. Group S.A. Subsidiaries Adjustments Total
Net revenue ..................... $ — $ — $16,665 $ — $16,665
Cost of product sales .............. — — 7,232 — 7,232
Cost of services .................. — — 3,503 — 3,503
Selling, general and administrative
expenses ...................... 112 63 4,524 — 4,699
Restructuring and asset impairment
charges, net ................... — — 17 — 17
Losses on divestitures .............. — — 23 — 23
Operating (loss) income .......... (112) (63) 1,366 — 1,191
Interest income .................. 1 11 27 — 39
Interest expense .................. — (291) (31) — (322)
Other (expense) income, net ......... — (405) 109 — (296)
Equity in net income (loss) of
subsidiaries .................... 2,122 (119) — (2,003) —
Intercompany interest and fees ....... (1,409) 1,706 (297) — —
Income from continuing operations
before income taxes and minority
interest ..................... 602 839 1,174 (2,003) 612
Income taxes .................... — (285) 256 — (29)
Minority interest .................. — — (2) — (2)
Income from continuing operations . . 602 554 1,428 (2,003) 581
Income from discontinued operations,
net of income taxes .............. 2,492 2,452 3,208 (5,660) 2,492
Income before cumulative effect of
accounting change ............. 3,094 3,006 4,636 (7,663) 3,073
Cumulative effect of accounting change,
net of income taxes .............. — — 21 — 21
Net income .................... $3,094 $3,006 $ 4,657 $(7,663) $ 3,094
2007 Financials 169