ADT 2009 Annual Report Download - page 125

Item 6. Selected Financial Data
The following table sets forth selected consolidated financial data of Tyco. This data is derived
from Tyco’s Consolidated Financial Statements for the five years ended September 25, 2009,
September 26, 2008, September 28, 2007, September 29, 2006 and September 30, 2005, respectively.
This selected financial data should be read in conjunction with Tyco’s Consolidated Financial
Statements and related Notes included elsewhere in this Annual Report as well as the section of this
Annual Report titled Item 7. Management’s Discussion and Analysis of Financial Condition and
Results of Operations.
2009(1) 2008(2) 2007(3) 2006(4) 2005(5)
(in millions, except per share data)
Consolidated Statements of Operations Data:
Net revenue ............................ $17,237 $20,199 $18,477 $17,066 $16,385
(Loss) income from continuing operations ...... (1,833) 1,095 (2,524) 817 573
Net (loss) income ...................... (1,798) 1,553 (1,742) 3,590 3,094
Basic earnings per share:
(Loss) income from continuing operations ...... (3.87) 2.26 (5.10) 1.63 1.14
Net (loss) income ...................... (3.80) 3.21 (3.52) 7.14 6.15
Diluted earnings per share:
(Loss) income from continuing operations ...... (3.87) 2.25 (5.10) 1.59 1.11
Net (loss) income ...................... (3.80) 3.19 (3.52) 6.95 5.85
Cash dividends per share(6) ................... 0.84 0.65 1.60 1.60 1.25
Consolidated Balance Sheet Data (End of Year)(7):
Total assets ............................. $25,553 $28,804 $32,815 $63,011 $62,465
Long-term debt .......................... 4,029 3,709 4,080 8,856 10,077
Shareholders’ equity ...................... 12,941 15,494 15,624 35,387 32,619
(1) Loss from continuing operations for the year ended September 25, 2009 includes goodwill and intangible asset impairment
charges of $2.7 billion, $251 million of restructuring, asset impairment and divestiture charges, net, and $33 million of
incremental stock option charges for share-based payment transactions. Loss from continuing operations also includes
charges of $125 million related to unresolved legacy security litigation matters. Net loss also includes $35 million of income,
net of income taxes, from discontinued operations.
(2) Income from continuing operations for the year ended September 26, 2008 includes a class action settlement credit, net of
$10 million, a $10 million of goodwill and intangible asset impairment charges, $4 million of separation costs, restructuring,
asset impairment and divestiture charges, net of $247 million, $42 million of incremental stock option charges for share-
based payment transactions and a $258 million loss on extinguishment of debt related to consent solicitations and exchange
offers and termination of a bridge loan facility. Net income also includes $458 million of income, net of income taxes, from
discontinued operations.
(3) Loss from continuing operations for the year ended September 28, 2007 includes a class action settlement charge, net of
$2.862 billion, $105 million of separation costs, a $59 million goodwill and intangible asset impairment charges related to
the reorganization to a new management and segment reporting structure, restructuring, asset impairment and divestiture
charges, net of $198 million, $120 million of incremental stock option charges for share-based payment transactions, a
$259 million loss related to the early retirement of debt and $95 million of tax charges related to the Separation primarily
for the write-off of deferred tax assets that will no longer be realizable. Net loss also includes $782 million of income, net
of income taxes, from discontinued operations.
(4) Income from continuing operations for the year ended September 29, 2006 includes a charge of $100 million related to the
Voluntary Replacement Program, which is included in cost of sales. Also included are $49 million of separation costs,
restructuring, asset impairment and divestiture charges, net of $15 million, $84 million of incremental stock option charges
for share-based payment transactions, $72 million of income related to a settlement with a former executive and $48 million
of income resulting from a reduction in our estimated workers’ compensation liabilities primarily due to favorable claims
experience. Net income includes $2,787 million of income, net of income taxes, from discontinued operations as well as a
$14 million loss, net of income taxes related to a cumulative effect adjustment recorded in conjunction with our accounting
for conditional asset retirement obligations.
2009 Financials 33