ADT 2009 Annual Report Download - page 257

TYCO INTERNATIONAL LTD.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
25. Tyco International Finance S.A. (Continued)
owned subsidiaries of Tyco, there was no impact on the Company’s consolidated financial position,
results of operations or cash flows. The transactions did, however, result in an increase to TIFSA’s
investment in subsidiaries of $1.9 billion. Since these transactions were among entities under common
control, their effects have been reflected as of the beginning of the earliest period presented.
CONSOLIDATING STATEMENT OF OPERATIONS
For the Year Ended September 25, 2009
($ in millions)
Tyco Tyco
International International Other Consolidating
Ltd. Finance S.A. Subsidiaries Adjustments Total
Net revenue ..................... $ — $ — $17,237 $ — $17,237
Cost of product sales .............. — — 7,584 — 7,584
Cost of services .................. — — 3,559 — 3,559
Selling, general and administrative
expenses ...................... 152 5 4,500 — 4,657
Goodwill and intangible asset
impairments ................... — — 2,705 — 2,705
Restructuring, asset impairment and
divestiture charges, net ........... 4 — 215 — 219
Operating loss ................. (156) (5) (1,326) — (1,487)
Interest income .................. — — 44 — 44
Interest expense .................. — (288) (13) — (301)
Other (expense) income, net ......... (13) 2 4 — (7)
Equity in net loss of subsidiaries ...... (239) (1,425) — 1,664 —
Intercompany interest and fees ....... (1,425) 129 1,296 — —
(Loss) income from continuing
operations before income taxes and
minority interest .............. (1,833) (1,587) 5 1,664 (1,751)
Income tax benefit (expense) ......... — 63 (141) — (78)
Minority interest .................. — — (4) — (4)
Loss from continuing operations .... (1,833) (1,524) (140) 1,664 (1,833)
Income from discontinued operations,
net of income taxes .............. 35 32 35 (67) 35
Net loss ...................... $(1,798) $(1,492) $ (105) $1,597 $ (1,798)
2009 Financials 165