ADT 2015 Annual Report Download - page 144

FORM 10-K
THE ADT CORPORATION
CONSOLIDATED BALANCE SHEETS
As of September 25, 2015 and September 26, 2014
(in millions, except share and per share data)
2015 2014
Assets
Current Assets:
Cash and cash equivalents ................................................. $ 78 $ 66
Accounts receivable trade, less allowance for doubtful accounts of $23 and $24,
respectively .......................................................... 102 101
Inventories ............................................................. 76 76
Prepaid expenses and other current assets .................................... 47 55
Deferred tax assets ...................................................... 96 111
Total current assets .................................................. 399 409
Property and equipment, net ................................................... 283 265
Subscriber system assets, net .................................................. 2,502 2,260
Goodwill .................................................................. 3,680 3,738
Intangible assets, net ......................................................... 2,999 3,120
Deferred subscriber acquisition costs, net ......................................... 631 571
Other assets ................................................................ 232 186
Total Assets ............................................... $10,726 $10,549
Liabilities and Stockholders’ Equity
Current Liabilities:
Current maturities of long-term debt ......................................... $ 5 $ 4
Accounts payable ....................................................... 190 208
Accrued and other current liabilities ......................................... 231 260
Deferred revenue ........................................................ 232 236
Total current liabilities ............................................... 658 708
Long-term debt ............................................................. 5,389 5,096
Deferred subscriber acquisition revenue .......................................... 895 838
Deferred tax liabilities ........................................................ 732 651
Other liabilities ............................................................. 133 128
Total Liabilities ................................................ 7,807 7,421
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—165,850,306 as of September 25, 2015 and 174,109,318 as of
September 26, 2014 .................................................... 2 2
Additional paid-in capital ................................................. 2,374 2,643
Retained earnings ....................................................... 633 445
Accumulated other comprehensive (loss) income .............................. (90) 38
Total Stockholders’ Equity ....................................... 2,919 3,128
Total Liabilities and Stockholders’ Equity ...................... $10,726 $10,549
See Notes to Consolidated Financial Statements
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