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Adt Corp (1546640) SEC Filing 10-K Annual report for the fiscal year ending Friday, September 27, 2013

Adt Corp

CIK: 1546640


Exhibit 99.1
  
 
  
The ADT Corporation
1501 Yamato Road
Boca Raton, FL 33431
 
+1 561.988.3600
www.adt.com
FOR IMMEDIATE RELEASE
Media Relations
  
Investor Relations
Sarah Cohn
tel: +1 561.322.7029
scohn@adt.com
  
Lawrence DeMarco
tel: +1 561.988.7423
ldemarco@adt.com
ADT REPORTS FOURTH QUARTER AND FISCAL YEAR 2013 RESULTS
Q4'13 RECURRING REVENUE UP 5%; Q4'13 GAAP DILUTED EPS UP 13%
COMPANY INCREASES RETURN OF CAPITAL TO SHAREHOLDERS
FOURTH QUARTER 2013 FINANCIAL HIGHLIGHTS
Recurring revenue of $777 million, up 4.7%
EBITDA before special items of $431 million, up 7.5%
EBITDA margin before special items of 50.9%, up 150 basis points
Net income of $96 million, up 2.1%
Diluted earnings per share before special items of $0.46, up 7.0%
FISCAL 2013 BUSINESS HIGHLIGHTS
Completed successful first year as a standalone, public company
Customer base of 6.5 million reaches all time high, up 100 thousand customers
ADT Pulse overall take rate at 32% in the fourth quarter, up from 13% last year
Small Business recurring revenue growth of 7% for the full year, versus 3% growth in fiscal 2012
$1.4 billion of capital returned to shareholders through share repurchase and dividends
Acquired Devcon Security and Absolute Security
FOURTH QUARTER AND FISCAL YEAR RESULTS
($ in millions, except per share amounts)
Q4 2013
 
Q4 2012
 
Change
 
FY 2013
 
FY 2012
 
Change
Recurring revenue
$
777

 
$
742

 
4.7%
 
$
3,041

 
$
2,903

 
4.8%
Other revenue
$
69

 
$
70

 
-1.4%
 
$
268

 
$
325

 
-17.5%
Total revenue
$
846

 
$
812

 
4.2%
 
$
3,309

 
$
3,228

 
2.5%
Net income
$
96

 
$
94

 
2.1%
 
$
421

 
$
394

 
6.9%
EBITDA before special items1
$
431

 
$
401

 
7.5%
 
$
1,690

 
$
1,609

 
5.0%
EBITDA margin before special items1
50.9
%
 
49.4
%
 
150 bps
 
51.1
%
 
49.8
%
 
130 bps
Diluted earnings per share
$
0.45

 
$
0.40

 
12.5%
 
$
1.88

 
$
1.67

 
12.6%
Diluted earnings per share before special items1
$
0.46

 
$
0.43

 
7.0%
 
$
1.84

 
$
1.74

 
5.7%
Diluted weighted-average shares outstanding
213

 
236

 
-9.7%
 
224

 
236

 
-5.1%
 

1  
Reconciliations from GAAP to non-GAAP financial measures can be found in the attached tables, as well as on the Investor Relations section of our web site, www.ADT.com.



The following information was filed by Adt Corp on Wednesday, November 20, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information Document
Schedule Ii—valuation And Qualifying Accounts (details)
Schedule Ii—valuation And Qualifying Accounts (notes)
Consolidated And Combined Statements Of Cash Flows
Consolidated And Combined Statements Of Comprehensive Income
Consolidated And Combined Statements Of Comprehensive Income (parenthetical)
Consolidated And Combined Statements Of Operations
Consolidated And Combined Statements Of Stockholders' Equity
Consolidated And Combined Statements Of Stockholders' Equity (parenthetical)
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Acquisitions
Acquisitions (details)
Acquisitions (tables)
Acquisitions Integration Related Costs (details)
Basis Of Presentation And Summary Of Significant Accounting Policies (carrying Values And Estimated Fair Values Of Debt Instruments) (details)
Basis Of Presentation And Summary Of Significant Accounting Policies (details)
Basis Of Presentation And Summary Of Significant Accounting Policies (estimated Useful Life Of Property And Equipment) (details)
Basis Of Presentation And Summary Of Significant Accounting Policies (insurable Liabilities) (details)
Basis Of Presentation And Summary Of Significant Accounting Policies (inventories) (details)
Basis Of Presentation And Summary Of Significant Accounting Policies (notes)
Basis Of Presentation And Summary Of Significant Accounting Policies (policies)
Basis Of Presentation And Summary Of Significant Accounting Policies (tables)
Commitments And Contingencies (details)
Commitments And Contingencies (notes)
Commitments And Contingencies (schedule Of Future Minimum Rental Payments For Operating Leases) (details)
Commitments And Contingencies (tables)
Debt (details)
Debt (notes)
Debt (schedule Of Debt) (details)
Debt (schedule Of Maturities Of Long-term Debt) (details)
Debt (tables)
Earnings Per Share (computation Of Basic And Diluted Earnings Per Share) (details)
Earnings Per Share (details)
Earnings Per Share (notes)
Earnings Per Share (tables)
Equity (details)
Equity (notes)
Equity (schedule Of Accumulated Other Comprehensive Income) (details)
Equity (tables)
Geographic Data (notes)
Geographic Data (schedule Of Long-lived Assets By Geographical Area (details)
Geographic Data (schedule Of Revenue From External Customers By Geographic Areas) (details)
Geographic Data (tables)
Goodwill And Other Intangible Assets (carrying Amount Of Goodwill) (details)
Goodwill And Other Intangible Assets (changes In Net Carrying Amount Of Contracts And Related Customer Relationships) (details)
Goodwill And Other Intangible Assets (details)
Goodwill And Other Intangible Assets (gross Carrying Amounts And Accumulated Amortization Of Other Intangible Assets) (details)
Goodwill And Other Intangible Assets (notes)
Goodwill And Other Intangible Assets (tables)
Income Taxes (details)
Income Taxes (notes)
Income Taxes (schedule Of Components Of Income Tax Expense) (details)
Income Taxes (schedule Of Deferred Tax Assets And Liabilities) (details)
Income Taxes (schedule Of Effective Income Tax Rate Reconciliation) (details)
Income Taxes (schedule Of Income Before Income Tax, Domestic And Foreign) (details)
Income Taxes (schedule Of Unrecognized Tax Benefits Rollforward) (details)
Income Taxes (tables)
Property And Equipment (details)
Property And Equipment (notes)
Property And Equipment (tables)
Quarterly Financial Data (unaudited) (details)
Quarterly Financial Data (unaudited) (notes)
Quarterly Financial Data (unaudited) (schedule Of Quarterly Financial Information) (details)
Quarterly Financial Data (unaudited) (tables)
Retirement Plans (details)
Retirement Plans (notes)
Retirement Plans (schedule Of Accumulated Benefit Obligations In Excess Of Fair Value Of Plan Assets) (details)
Retirement Plans (schedule Of Allocation Of Plan Assets) (details)
Retirement Plans (schedule Of Amounts Recognized In Balance Sheet) (details)
Retirement Plans (schedule Of Asset Category Allocations) (details)
Retirement Plans (schedule Of Expected Benefit Payments) (details)
Retirement Plans (schedule Of Net Benefit Costs And Assumptions Used) (details)
Retirement Plans (schedule Of Pension Plan Assets Valued Using Net Asset Value) (details)
Retirement Plans (tables)
Share Plans (details)
Share Plans (notes)
Share Plans (schedule Of Incentive Equity Awards Issued And Related Weighted-average Grant-date Fair Values) (details)
Share Plans (schedule Of Share-based Compensation, Other Than Options, Activity) (details)
Share Plans (schedule Of Share-based Compensation, Stock Options, Activity) (details)
Share Plans (schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions) (details)
Share Plans (tables)
Subsequent Events (details)
Subsequent Events (notes)
CIK: 1546640
Form Type: 10-K Annual Report
Accession Number: 0001546640-13-000022
Submitted to the SEC: Wed Nov 20 2013 2:19:00 PM EST
Accepted by the SEC: Wed Nov 20 2013
Period: Friday, September 27, 2013
Industry: Detective Guard And Armored Car Services

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