ADT 2012 Annual Report Download - page 153

THE ADT CORPORATION
CONSOLIDATED AND COMBINED BALANCE SHEETS
As of September 28, 2012 and September 30, 2011
(in millions, except share and per share data)
2012 2011
Assets
Current Assets:
Cash and cash equivalents ................................................... $ 234 $ 65
Accounts receivable trade, less allowance for doubtful accounts of $25 and $23,
respectively ............................................................ 78 94
Inventories ............................................................... 42 33
Prepaid expenses and other current assets ...................................... 46 48
Deferred income taxes ...................................................... 40 23
Total current assets .................................................... 440 263
Property and equipment, net ..................................................... 217 172
Subscriber system assets, net .................................................... 1,744 1,653
Goodwill .................................................................... 3,400 3,395
Intangible assets, net ........................................................... 2,861 2,755
Deferred subscriber acquisition costs, net ........................................... 464 417
Other assets .................................................................. 134 84
Total Assets ................................................. $9,260 $8,739
Liabilities and Stockholders’ Equity
Current Liabilities:
Current maturities of long-term debt (see Note 5) ................................ $ 2 $ 1
Accounts payable ......................................................... 144 153
Accrued and other current liabilities ........................................... 181 163
Deferred revenue .......................................................... 245 250
Total current liabilities ................................................. 572 567
Long-term debt, including allocated debt of $1,482 at September 30, 2011 (see Note 5) ...... 2,525 1,506
Deferred subscriber acquisition revenue ............................................ 675 630
Deferred tax liabilities .......................................................... 157 632
Other liabilities ............................................................... 174 173
Total Liabilities .................................................. 4,103 3,508
Commitments and contingencies (see Note 7) .......................................
Stockholders’ Equity: ..........................................................
Common stock – authorized 1,000,000,000 shares of $0.01 par value; issued and
outstanding shares – 231,094,332 as of September 28, 2012 ...................... 2 —
Additional paid-in capital ................................................... 5,062 —
Parent company investment ................................................. — 5,152
Accumulated other comprehensive income ..................................... 93 79
Total Stockholders’ Equity ......................................... 5,157 5,231
Total Liabilities and Stockholders’ Equity ........................ $9,260 $8,739
See Notes to Consolidated and Combined Financial Statements
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