ADT 2011 Annual Report Download - page 182

TYCO INTERNATIONAL LTD.
CONSOLIDATED STATEMENTS OF OPERATIONS
Years Ended September 30, 2011, September 24, 2010 and September 25, 2009
(in millions, except per share data)
2011 2010 2009
Revenue from product sales ................................. $ 9,601 $ 9,990 $10,134
Service revenue .......................................... 7,754 7,026 6,748
Net revenue ........................................... 17,355 17,016 16,882
Cost of product sales ...................................... 6,723 7,164 7,314
Cost of services .......................................... 4,022 3,572 3,556
Selling, general and administrative expenses ...................... 4,635 4,586 4,599
Goodwill and intangible asset impairments (See Note 10) ............ — — 2,705
Restructuring, asset impairment and divestiture (gains) charges, net (see
Notes 3 and 4) ......................................... (144) 96 214
Operating income (loss) .................................. 2,119 1,598 (1,506)
Interest income .......................................... 34 31 44
Interest expense .......................................... (244) (284) (301)
Other expense, net ........................................ (16) (75) (7)
Income (loss) from continuing operations before income taxes ...... 1,893 1,270 (1,770)
Income tax expense ....................................... (326) (138) (71)
Income (loss) from continuing operations ..................... 1,567 1,132 (1,841)
Income from discontinued operations, net of income taxes ........... 168 7 47
Net income (loss) ....................................... 1,735 1,139 (1,794)
Less: noncontrolling interest in subsidiaries net income .............274
Net income (loss) attributable to Tyco common shareholders ........ $ 1,733 $ 1,132 $(1,798)
Amounts attributable to Tyco common shareholders:
Income (loss) from continuing operations ...................... $ 1,565 $ 1,125 $(1,845)
Income from discontinued operations ......................... 168 7 47
Net income (loss) attributable to Tyco common shareholders ........ $ 1,733 $ 1,132 $ (1,798)
Basic earnings per share attributable to Tyco common shareholders:
Income (loss) from continuing operations ...................... $ 3.31 $ 2.32 $ (3.90)
Income from discontinued operations ......................... 0.35 0.01 0.10
Net income (loss) attributable to Tyco common shareholders ........ $ 3.66 $ 2.33 $ (3.80)
Diluted earnings per share attributable to Tyco common shareholders:
Income (loss) from continuing operations ...................... $ 3.27 $ 2.31 $ (3.90)
Income from discontinued operations ......................... 0.35 0.01 0.10
Net income (loss) attributable to Tyco common shareholders ........ $ 3.62 $ 2.32 $ (3.80)
Weighted-average number of shares outstanding:
Basic ................................................ 474 485 473
Diluted .............................................. 479 488 473
See Notes to Consolidated Financial Statements.
2011 Financials 79