Adt Corp 10-K Annual Report November 2015

“We met or exceeded our major financial and operational goals for the year, and delivered another year of improved performance,” said Naren Gursahaney, ADT’s CEO. “We also strengthened our competitive position through investing in our business and establishing new strategic partnerships, positioning us well for the future as we execute upon our strategy to further improve customer retention, drive quality growth, and improve cash generation."

FOURTH QUARTER 2015 FINANCIAL HIGHLIGHTS


•	GAAP: revenue of $899 million, net income of $81 million, diluted EPS of $0.48


•	Recurring revenue of $835 million, up 2.0% or 3.4% in constant currency⁽¹⁾⁽²⁾


•	Pre-SAC EBITDA before special items of $567 million⁽¹⁾, up $1 million⁽²⁾


•	EBITDA before special items of $460 million⁽¹⁾, up $2 million⁽²⁾


•	Diluted EPS before special items of $0.51⁽¹⁾vs. $0.55⁽²⁾


•	Free cash flow before special items of $77 million⁽¹⁾, up $23 million⁽²⁾, or 43%


•	Steady-state free cash flow before special items of $996 million⁽¹⁾, up $30 million⁽²⁾

FOURTH QUARTER 2015 BUSINESS HIGHLIGHTS


•	Generated 278 thousand gross additions, flat with prior year excluding bulks


•	Improved revenue attrition to 12.2%, a year-over-year improvement of 130 basis points


•	Improved unit attrition to 12.2%, a year-over-year improvement of 100 basis points


•	Increased new and resale revenue per user to $48.40, an increase of $1.61 or 3.4% over prior year


•	Reduced direct channel net SAC creation multiple to 29.1x, a 1x improvement over prior year


•	Drove ADT Pulse take rates to 59%; Total interactive customers comprise 23% of the total customer base


•	Drove a 17% increase in gross additions in ADT's U.S. Business channel

BOCA RATON, Fla. - November 10, 2015

- The ADT Corporation (NYSE: ADT) today reported its financial results for the fourth quarter and full year 2015. The Company reported total revenue of $899 million, an increase of 1.8%, or 3.3% in constant currency⁽¹⁾, compared to the fourth quarter of 2014. Recurring revenue, which made up approximately 93% of total revenue in the quarter, was $835 million, up 2.0% compared to the same period last year and up 3.4% in constant currency⁽¹⁾. Recurring revenue growth in the quarter was driven by a 3.4% increase in new revenue per user, strong Pulse take rates, increased interactive service upgrades, growth in ADT Business, price escalations and lower attrition. Revenue attrition for the quarter improved to 12.2%, an improvement of 20 basis points sequentially and 130 basis points year-over-year. Unit attrition for residential and business improved 10 basis points sequentially, and 100 basis points from last year, ending at 12.2% for the quarter, as ADT closed the quarter with 6.6 million customer accounts. Pre-SAC EBITDA before special items increased by $1 million to $567 million⁽¹⁾, and pre-SAC EBITDA margin before

The following information was filed by Adt Corp on Tuesday, November 10, 2015 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

Material Contracts, Statements, Certifications & more

Adt Corp provided additional information to their SEC Filing as exhibits

Exhibit 12.1: Statement Regarding Calculation Of Ratios

Exhibit 21: Subsidaries Of The Registrant

Exhibit 23: Consents Of Experts And Counsel

Exhibit 24: Power Of Attorney

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32: Section 1350 Certification

CIK: 1546640
Form Type: 10-K Annual Report
Accession Number: 0001546640-15-000031
Submitted to the SEC: Thu Nov 12 2015 9:03:48 AM EST
Accepted by the SEC: Thu Nov 12 2015
Period: Friday, September 25, 2015
Industry: Detective Guard And Armored Car Services