ADT 2012 Annual Report Download - page 152

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THE ADT CORPORATION
CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS
Fiscal Years Ended September 28, 2012, September 30, 2011 and September 24, 2010
(in millions, except per share data)
2012 2011 2010
Revenue ............................................................. $3,228 $3,110 $2,591
Cost of revenue ........................................................ 1,374 1,341 1,065
Selling, general and administrative expenses ................................. 1,125 1,076 1,022
Separation costs (See Note 1) ............................................. 7 —
Operating income ................................................. 722 693 504
Interest income ........................................................111
Interest expense ....................................................... (93) (90) (107)
Income before income taxes ........................................ 630 604 398
Income tax expense .................................................... (236) (228) (159)
Net income ........................................................... $ 394 $ 376 $ 239
Net income per share:
Basic ............................................................ $ 1.70 $ 1.62 $ 1.03
Diluted .......................................................... $ 1.67 $ 1.59 $ 1.01
Weighted-average number of shares:
Basic ............................................................ 232 232 232
Diluted .......................................................... 236 236 236
See Notes to Consolidated and Combined Financial Statements
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