ADT 2007 Annual Report Download - page 272

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2007 OPERATING INCOME (LOSS) BEFORE SPECIAL ITEMS
FIRE ELECTRICAL
ADT PROTECTION FLOW SAFETY & METAL CORPORATE OPERATING
(in US$ millions) WORLDWIDE SERVICES CONTROL PRODUCTS PRODUCTS AND OTHER INCOME
OPERATING INCOME (LOSS) $ 842 $ 253 $ 457 $ 286 $ 159 $ (3,712) $ (1,715)
Restructuring charges in cost of sales 1 6 7
Class action settlement, net* 2,871 2,871
Separation and related costs** 1 117 118
Losses on divestitures 1 3 4
Restructuring and asset impairment charges, net 83 32 19 29 7 40 210
Goodwill impairment 46 46
Voluntary Replacement Program 10 10
OPERATING INCOME (LOSS) BEFORE SPECIAL ITEMS $ 971 $ 287 $ 486 $ 325 $ 166 $ (684) $ 1,551
* Includes $9 million of costs included in selling, general and administrative expenses.
** Includes $13 million of charges related to the accelerated vesting of restricted shares in connection with the separation.
These charges are included in selling, general and administrative expenses.
2005 ORGANIC REVENUE GROWTH
ORGANIC ORGANIC
2004 NET ACQUISITION/ FOREIGN REVENUE 2005 NET REVENUE
(in US$ millions) REVENUES DIVESTITURE CURRENCY GROWTH REVENUES GROWTH %
ADT Worldwide 6,969 (61) 173 23 7,104 0.3%
Fire Protection 3,133 (32) 74 7 3,182 0.2%
Flow Control 2,524 — 102 180 2,806 7.1%
Safety Products 1,747 (180) 35 80 1,682 4.6%
Electrical & Metal Products 1,579 — 23 196 1,798 12.4%
Corporate and Other 77 — 3 13 93 16.9%
TOTAL 16,029 (273) 410 499 16,665 3.1%
2006 ORGANIC REVENUE GROWTH
ORGANIC ORGANIC
2005 NET ACQUISITION/ FOREIGN REVENUE 2006 NET REVENUE
(in US$ millions) REVENUES DIVESTITURE CURRENCY GROWTH REVENUES GROWTH %
ADT Worldwide 7,104 (19) (35) 155 7,205 2.2%
Fire Protection 3,182 (39) (22) 160 3,281 5.0%
Flow Control 2,806 — (43) 372 3,135 13.3%
Safety Products 1,682 (56) (7) 56 1,675 3.3%
Electrical & Metal Products 1,798 — 15 136 1,949 7.6%
Corporate and Other 93 — (3) 1 91 1.1%
TOTAL 16,665 (114) (95) 880 17,336 5.3%
2007 ORGANIC REVENUE GROWTH
ORGANIC ORGANIC
2006 NET ACQUISITION/ FOREIGN REVENUE 2007 NET REVENUE
(in US$ millions) REVENUES DIVESTITURE CURRENCY OTHER GROWTH REVENUES GROWTH %
ADT Worldwide 7,205 (3) 213 (21) 254 7,648 3.5%
Fire Protection 3,281 (30) 99 — 156 3,506 4.8%
Flow Control 3,135 (16) 197 — 450 3,766 14.4%
Safety Products 1,675 — 48 — 44 1,767 2.6%
Electrical & Metal Products 1,949 1 20 — 4 1,974 0.2%
Corporate and Other 91 — 9 — 20 120 22.0%
TOTAL $17,336 (48) 586 (21) 928 18,781 5.4%
DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS BEFORE SPECIAL ITEMS
2006 2007
DILUTED EARNINGS (LOSS) PER SHARE FROM CONTINUING OPERATIONS $ 1.60 $ (5.09)
Restructuring charges in cost of sales 0.01
Class action settlement, net 5.81
Separation costs 0.07 0.93
Losses on divestitures 0.01 0.01
Restructuring and asset impairment charges, net 0.28
Goodwill impairment 0.09
Tax items (0.12)
Reduction in estimated workers’ compensation liabilities (0.06)
Voluntary Replacement Program 0.12 0.01
Former Management Settlement (0.14)
DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS BEFORE SPECIAL ITEMS $ 1.60 $ 1.93