ADT 2012 Annual Report Download - page 190

Download and view the complete annual report

Please find page 190 of the 2012 ADT annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 194

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194

16. Quarterly Financial Data (Unaudited)
Summarized quarterly financial data for the years ended September 28, 2012 and September 30, 2011 is as
follows ($ in millions, except per share data):
2012
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
Revenue ......................................... $795 $807 $814 $812
Gross profit ....................................... 450 458 470 476
Net income ....................................... 93 105 102 94
Net income per share(1):
Basic ........................................ $0.40 $0.45 $0.44 $0.41
Diluted ...................................... $0.39 $0.44 $0.43 $0.40
2011
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
Revenue ......................................... $765 $768 $783 $794
Gross profit ....................................... 437 438 450 444
Net income ....................................... 86 94 103 93
Net income per share(1):
Basic ........................................ $0.37 $0.41 $0.44 $0.40
Diluted ...................................... $0.36 $0.40 $0.44 $0.39
(1) The Separation was completed on September 28, 2012, and the Company 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 for additional information on earnings per share.
17. Subsequent Events
The Company has evaluated subsequent events through the time it issued its financial statements on
November 27, 2012.
On November 26, 2012, the Company’s board of directors declared a quarterly dividend on its common
shares of $0.125 per share. This dividend will be paid on December 18, 2012 to shareholders of record on
December 10, 2012. Additionally, on November 26, 2012, the Company’s board of directors approved $2 billion
of share repurchases over the next three years.
98