ADT 2015 Annual Report Download - page 145
Download and view the complete annual report
Please find page 145 of the 2015 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.-
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
 |
 |
FORM 10-K
THE ADT CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
Fiscal Years Ended September 25, 2015, September 26, 2014 and September 27, 2013
(in millions, except per share data)
2015 2014 2013
Revenue ............................................................. $3,574 $3,408 $3,309
Cost of revenue ........................................................ 1,575 1,457 1,378
Selling, general and administrative expenses ................................. 1,305 1,231 1,173
Radio conversion costs (See Note 1) ....................................... 55 44 —
Separation costs (See Note 1) ............................................. — 17 23
Operating income ................................................. 639 659 735
Interest expense, net .................................................... (205) (192) (117)
Other income (expense) ................................................. 3 (35) 24
Income before income taxes ........................................ 437 432 642
Income tax expense .................................................... (141) (128) (221)
Net income ........................................................... $ 296 $ 304 $ 421
Net income per share:
Basic ................................................................ $ 1.73 $ 1.67 $ 1.90
Diluted .............................................................. $ 1.72 $ 1.66 $ 1.88
Weighted-average number of shares:
Basic ................................................................ 171 182 222
Diluted .............................................................. 172 183 224
See Notes to Consolidated Financial Statements
71