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Tyco International Reports Fourth Quarter Earnings From Continuing Operations Before Special Items of $0.61 Per Share and GAAP Earnings of $0.44 Per Share
Date:11/10/2009

103 99 Deferred income taxes 118 21 (83) (94) Provision for losses on accounts receivable and inventory 42 36 156 135 (Gain) Loss on extinguishment of debt - - (2) 258 Other non-cash items 46 62 108 137 Changes in assets and liabilities, net of the effects of acquisitions and divestitures: Accounts receivable, net 23 67 207 (176) Inventories 186 35 367 (138) Prepaid expenses and other current assets 186 2 11 11 Accounts payable 48 119 (352) (16) Accrued and other liabilities (40) 205 (52) (152) Income taxes, net (145) (87) (148) (95) Class action settlement liability - - - (3,020) Other (7) (18) 109 (80) -- --- --- --- Net cash provided by (used in) operating activities 985 1,036 2,429 (872) --- ----- ----- ---- Net cash provided by (used in) discontinued operating activities - 7 (8) (18) Cash Flows from Investing Activities: Capital expenditures (209) (189) (709) (734) Proceeds from disposal of assets 7 14 13 28 Acquisition of businesses, net of cash acquired (1) (255) (48) (347) Accounts purchased
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SOURCE Tyco International Ltd.
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