ADT 2013 Annual Report Download - page 162
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FORM 10-K
11. Earnings Per Share
Following the Separation on September 28, 2012, the Company had 231,094,332 common shares
outstanding. This amount was used as the starting point for calculating weighted-average shares outstanding for
fiscal years 2012 and 2011. Additionally, diluted weighted-average shares outstanding for fiscal year 2012 was
determined assuming that the Separation occurred on the first day of fiscal year 2012. The computation of basic
and diluted earnings per share for fiscal years 2013, 2012 and 2011 is as follows:
(in millions, except per share amounts) 2013 2012 2011
Basic Earnings Per Share
Numerator:
Net income ....................................... $421 $394 $376
Denominator:
Weighted-average shares outstanding .................. 222 231 231
Effect of vested deferred stock units ............... — 1 1
Basic weighted-average shares outstanding .............. 222 232 232
Basic earnings per share ................................. $1.90 $1.70 $1.62
Diluted Earnings Per Share
Numerator:
Net income ....................................... $421 $394 $376
Denominator:
Basic weighted-average shares outstanding .............. 222 232 232
Effect of dilutive securities:
Stock options .............................122
Restricted stock ...........................122
Diluted weighted-average shares outstanding ............ 224 236 236
Diluted earnings per share ............................... $1.88 $1.67 $1.59
The computation of diluted earnings per share excludes the effect of the potential exercise of options to
purchase approximately 0.8 million shares of stock for fiscal years 2013, 2012 and 2011, as the effect would have
been anti-dilutive.
12. Geographic Data
Revenues are attributed to individual countries based upon the operating entity that records the transaction.
Revenue by geographic area for fiscal years 2013, 2012 and 2011 are as follows ($ in millions):
Revenue 2013 2012 2011
United States ...................................... $3,123 $3,034 $2,905
Canada ........................................... 186 194 205
Total ......................................... $3,309 $3,228 $3,110
Long-lived assets by geographic area as of September 27, 2013 and September 28, 2012 are as follows ($ in
millions):
Long-lived assets(1)
September 27,
2013
September 28,
2012
United States .............................. $4,785 $4,390
Canada ................................... 347 358
Total ................................. $5,132 $4,748
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