ADT 2012 Annual Report Download - page 128

Item 6. Selected Financial Data.
The following table sets forth selected consolidated and combined financial data for the fiscal years ended
2012, 2011, 2010, 2009 and 2008. The consolidated and combined statement of operations data set forth below
for the fiscal years ended September 28, 2012, September 30, 2011, and September 24, 2010 and the
consolidated and combined balance sheet data as of September 28, 2012 and September 30, 2011 are derived
from our audited consolidated and combined financial statements included elsewhere in this Annual Report on
Form 10-K. The combined statement of operations data for the fiscal years ended September 29, 2009 and the
combined balance sheet data as of September 24, 2010 are derived from our audited combined financial
statements which are not included in this Annual Report on Form 10-K. The combined statement of operations
data set forth below for the fiscal year ended September 26, 2008, and the combined balance sheet data as of
September 29, 2009 and September 26, 2008 are derived from our unaudited combined financial statements not
included in this Annual Report on Form 10-K.
ADT has a 52- or 53-week fiscal year that ends on the last Friday in September. Fiscal year 2011 was a
53-week year. Fiscal years 2012, 2010, 2009 and 2008 were 52-week years.
This selected financial data should be read in conjunction with ADT’s Consolidated and Combined
Financial Statements and related Notes included in Item 8 of this Annual Report and Management’s Discussion
and Analysis of Financial Condition and Results of Operations, included in Item 7 of this Annual Report.
(in millions, except per share data) 2012 2011 2010 2009 2008
Consolidated and Combined Statements of Operations Data:
Revenue ...................................... $3,228 $3,110 $2,591 $2,248 $2,190
Operating income(1) ............................. 722 693 504 474 421
Net income(1)(2) ................................. 394 376 239 243 222
Net income per share(3):
Basic ......................................... $ 1.70 $ 1.62 $ 1.03 $ 1.05 $ 0.96
Diluted ....................................... $ 1.67 $ 1.59 $ 1.01 $ 1.03 $ 0.94
Weighted-average number of shares(3):
Basic ......................................... 232 232 232 232 232
Diluted ....................................... 236 236 236 236 236
Consolidated and Combined Balance Sheet Data (End of Year):
Total assets .................................... $9,260 $8,739 $8,692 $6,074 $5,945
Long-term debt(4) ............................... 2,525 1,506 1,326 1,095 854
Total liabilities(4) ............................... 4,103 3,508 3,526 2,588 2,420
Total stockholders’ equity ........................ 5,157 5,231 5,166 3,486 3,525
(1) Operating income and net income include $52 million, $67 million, $69 million, $67 million and $71
million of corporate expense allocated from Tyco for the years ended September 28, 2012, September 30,
2011, September 24, 2010, September 25, 2009 and September 26, 2008, respectively.
(2) Net income includes allocated interest expense related to Tyco’s external debt of $64 million, $87 million,
$102 million, $78 million and $77 million for the years ended September 28, 2012, September 30,
2011, September 24, 2010, September 25, 2009 and September 26, 2008, respectively.
(3) The Separation was completed on September 28, 2012, and we issued 231 million shares of common stock.
This initial share amount has been used to calculate earnings per share for all periods presented. See Note 13
to the Consolidated and Combined Financial Statements for additional information on earnings per share.
(4) Long-term debt and total liabilities include nil, $1,482 million, $1,301 million, $1,068 million and $825
million of allocated debt as of September 28, 2012, September 30, 2011, September 24, 2010,
September 25, 2009 and September 26, 2008, respectively.
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