ADT 2013 Annual Report Download - page 129
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FORM 10-K
THE ADT CORPORATION
CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS
Fiscal Years Ended September 27, 2013, September 28, 2012 and September 30, 2011
(in millions, except per share data)
2013 2012 2011
Revenue ............................................................. $3,309 $3,228 $3,110
Cost of revenue ........................................................ 1,378 1,374 1,341
Selling, general and administrative expenses ................................. 1,173 1,125 1,076
Separation costs (See Note 1) ............................................. 23 7 —
Operating income ................................................. 735 722 693
Interest income ........................................................111
Interest expense ....................................................... (118) (93) (90)
Other income ......................................................... 24 — —
Income before income taxes ........................................ 642 630 604
Income tax expense .................................................... (221) (236) (228)
Net income ........................................................... $ 421 $ 394 $ 376
Net income per share:
Basic ................................................................ $ 1.90 $ 1.70 $ 1.62
Diluted .............................................................. $ 1.88 $ 1.67 $ 1.59
Weighted-average number of shares:
Basic ................................................................ 222 232 232
Diluted .............................................................. 224 236 236
See Notes to Consolidated and Combined Financial Statements
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