Attached files
| file | filename |
|---|---|
| 8-K - 8-K - TE Connectivity Ltd. | a10-21709_18k.htm |
| EX-99.1 - EX-99.1 - TE Connectivity Ltd. | a10-21709_1ex99d1.htm |
| EX-99.2 - EX-99.2 - TE Connectivity Ltd. | a10-21709_1ex99d2.htm |
Exhibit 99.3
TYCO ELECTRONICS LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Quarter Ended September 24, 2010
(UNAUDITED)
|
|
|
|
|
Adjustments |
|
|
|
||||||
|
|
|
|
|
Acquisition |
|
Restructuring |
|
|
|
||||
|
|
|
|
|
and Integration |
|
and Other |
|
Adjusted |
|
||||
|
|
|
U.S. GAAP |
|
Costs |
|
Charges, Net |
|
(Non-GAAP) (1) |
|
||||
|
|
|
(in millions) |
|
||||||||||
|
Operating Income: |
|
|
|
|
|
|
|
|
|
||||
|
Transportation Connectivity |
|
$ |
108 |
|
$ |
— |
|
$ |
51 |
|
$ |
159 |
|
|
Communications and Industrial Solutions |
|
200 |
|
— |
|
2 |
|
202 |
|
||||
|
Network Solutions |
|
74 |
|
8 |
|
3 |
|
85 |
|
||||
|
Total |
|
$ |
382 |
|
$ |
8 |
|
$ |
56 |
|
$ |
446 |
|
(1) See description of non-GAAP measures contained in this Form 8-K.
TYCO ELECTRONICS LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Quarter Ended June 25, 2010
(UNAUDITED)
|
|
|
|
|
Adjustments |
|
|
|
||||||
|
|
|
|
|
Restructuring |
|
|
|
|
|
||||
|
|
|
|
|
and Other |
|
Other Items, |
|
Adjusted |
|
||||
|
|
|
U.S. GAAP |
|
Charges, Net |
|
Net (1) |
|
(Non-GAAP) (2) |
|
||||
|
|
|
(in millions) |
|
||||||||||
|
Operating Income: |
|
|
|
|
|
|
|
|
|
||||
|
Transportation Connectivity |
|
$ |
159 |
|
$ |
6 |
|
$ |
— |
|
$ |
165 |
|
|
Communications and Industrial Solutions |
|
205 |
|
(1 |
) |
— |
|
204 |
|
||||
|
Network Solutions |
|
96 |
|
(2 |
) |
— |
|
94 |
|
||||
|
Pre-separation litigation income |
|
7 |
|
— |
|
(7 |
) |
— |
|
||||
|
Total |
|
$ |
467 |
|
$ |
3 |
|
$ |
(7 |
) |
$ |
463 |
|
(1) Consists of $7 million of income related to pre-separation securities litigation.
(2) See description of non-GAAP measures contained in this Form 8-K.
TYCO ELECTRONICS LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Quarter Ended March 26, 2010
(UNAUDITED)
|
|
|
|
|
Adjustments |
|
|
|
|||
|
|
|
|
|
Restructuring |
|
|
|
|||
|
|
|
|
|
and Other |
|
Adjusted |
|
|||
|
|
|
U.S. GAAP |
|
Charges, Net |
|
(Non-GAAP) (1) |
|
|||
|
|
|
(in millions) |
|
|||||||
|
Operating Income: |
|
|
|
|
|
|
|
|||
|
Transportation Connectivity |
|
$ |
149 |
|
$ |
— |
|
$ |
149 |
|
|
Communications and Industrial Solutions |
|
162 |
|
12 |
|
174 |
|
|||
|
Network Solutions |
|
87 |
|
— |
|
87 |
|
|||
|
Total |
|
$ |
398 |
|
$ |
12 |
|
$ |
410 |
|
(1) See description of non-GAAP measures contained in this Form 8-K.
TYCO ELECTRONICS LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Quarter Ended December 25, 2009
(UNAUDITED)
|
|
|
|
|
Adjustments |
|
|
|
|||
|
|
|
|
|
Restructuring |
|
|
|
|||
|
|
|
|
|
and Other |
|
Adjusted |
|
|||
|
|
|
U.S. GAAP |
|
Charges, Net (1) |
|
(Non-GAAP) (2) |
|
|||
|
|
|
|
|
(in millions) |
|
|
|
|||
|
Operating Income: |
|
|
|
|
|
|
|
|||
|
Transportation Connectivity |
|
$ |
99 |
|
$ |
37 |
|
$ |
136 |
|
|
Communications and Industrial Solutions |
|
115 |
|
7 |
|
122 |
|
|||
|
Network Solutions |
|
55 |
|
19 |
|
74 |
|
|||
|
Total |
|
$ |
269 |
|
$ |
63 |
|
$ |
332 |
|
(1) Includes $66 million recorded in net restructuring and other charges and a $3 million credit recorded in cost of sales.
(2) See description of non-GAAP measures contained in this Form 8-K.
TYCO ELECTRONICS LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Quarter Ended September 25, 2009
(UNAUDITED)
|
|
|
|
|
Adjustments |
|
|
|
|||
|
|
|
|
|
Restructuring |
|
|
|
|||
|
|
|
|
|
and Other |
|
Adjusted |
|
|||
|
|
|
U.S. GAAP |
|
Charges, Net (1) |
|
(Non-GAAP) (2) |
|
|||
|
|
|
(in millions) |
|
|||||||
|
Operating Income: |
|
|
|
|
|
|
|
|||
|
Transportation Connectivity |
|
$ |
37 |
|
$ |
17 |
|
$ |
54 |
|
|
Communications and Industrial Solutions |
|
48 |
|
11 |
|
59 |
|
|||
|
Network Solutions |
|
91 |
|
17 |
|
108 |
|
|||
|
Total |
|
$ |
176 |
|
$ |
45 |
|
$ |
221 |
|
(1) Includes $46 million recorded in net restructuring and other charges and a $1 million credit recorded in cost of sales.
(2) See description of non-GAAP measures contained in this Form 8-K.
TYCO ELECTRONICS LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Quarter Ended June 26, 2009
(UNAUDITED)
|
|
|
|
|
Adjustments |
|
|
|
|||
|
|
|
|
|
Restructuring |
|
|
|
|||
|
|
|
|
|
and Other |
|
Adjusted |
|
|||
|
|
|
U.S. GAAP |
|
Charges, Net |
|
(Non-GAAP) (1) |
|
|||
|
|
|
(in millions) |
|
|||||||
|
Operating Income: |
|
|
|
|
|
|
|
|||
|
Transportation Connectivity |
|
$ |
(50 |
) |
$ |
50 |
|
$ |
— |
|
|
Communications and Industrial Solutions |
|
10 |
|
(3 |
) |
7 |
|
|||
|
Network Solutions |
|
104 |
|
16 |
|
120 |
|
|||
|
Total |
|
$ |
64 |
|
$ |
63 |
|
$ |
127 |
|
(1) See description of non-GAAP measures contained in this Form 8-K.
TYCO ELECTRONICS LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Quarter Ended March 27, 2009
(UNAUDITED)
|
|
|
|
|
Adjustments |
|
|
|
|||||||||
|
|
|
|
|
Restructuring |
|
|
|
|
|
|
|
|||||
|
|
|
|
|
and Other |
|
Impairment of |
|
Other Items, |
|
Adjusted |
|
|||||
|
|
|
U.S. GAAP |
|
Charges, Net (1) |
|
Goodwill |
|
Net (2) |
|
(Non-GAAP) (3) |
|
|||||
|
|
|
(in millions) |
|
|||||||||||||
|
Operating Income (Loss): |
|
|
|
|
|
|
|
|
|
|
|
|||||
|
Transportation Connectivity |
|
$ |
(2,235 |
) |
$ |
83 |
|
$ |
2,088 |
|
$ |
— |
|
$ |
(64 |
) |
|
Communications and Industrial Solutions |
|
(1,502 |
) |
95 |
|
1,459 |
|
— |
|
52 |
|
|||||
|
Network Solutions |
|
75 |
|
9 |
|
— |
|
— |
|
84 |
|
|||||
|
Pre-separation litigation charges |
|
(135 |
) |
— |
|
— |
|
135 |
|
— |
|
|||||
|
Total |
|
$ |
(3,797 |
) |
$ |
187 |
|
$ |
3,547 |
|
$ |
135 |
|
$ |
72 |
|
(1) Includes $189 million recorded in net restructuring and other charges and a $2 million credit recorded in cost of sales.
(2) Consists of $135 million of charges related to the settlement of pre-separation securities litigation.
(3) See description of non-GAAP measures contained in this Form 8-K.
TYCO ELECTRONICS LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Quarter Ended December 26, 2008
(UNAUDITED)
|
|
|
|
|
Adjustments |
|
|
|
||||||
|
|
|
|
|
Restructuring |
|
|
|
|
|
||||
|
|
|
|
|
and Other |
|
Other Items, |
|
Adjusted |
|
||||
|
|
|
U.S. GAAP |
|
Charges, Net (1) |
|
Net (2) |
|
(Non-GAAP) (3) |
|
||||
|
|
|
(in millions) |
|
||||||||||
|
Operating Income: |
|
|
|
|
|
|
|
|
|
||||
|
Transportation Connectivity |
|
$ |
(6 |
) |
$ |
21 |
|
$ |
— |
|
$ |
15 |
|
|
Communications and Industrial Solutions |
|
16 |
|
35 |
|
8 |
|
59 |
|
||||
|
Network Solutions |
|
82 |
|
22 |
|
— |
|
104 |
|
||||
|
Pre-separation litigation charges |
|
(9 |
) |
— |
|
9 |
|
— |
|
||||
|
Total |
|
$ |
83 |
|
$ |
78 |
|
$ |
17 |
|
$ |
178 |
|
(1) Includes $77 million recorded in net restructuring and other charges and $1 million recorded in cost of sales.
(2) Consists of $9 million of charges related to the settlement of pre-separation securities litigation and $8 million of costs related to a product liability matter from several years ago recorded in selling, general, and administrative expenses.
(3) See description of non-GAAP measures contained in this Form 8-K.
TYCO ELECTRONICS LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Year Ended September 24, 2010
(UNAUDITED)
|
|
|
|
|
Adjustments |
|
|
|
||||||
|
|
|
|
|
Restructuring |
|
|
|
|
|
||||
|
|
|
|
|
and Other |
|
Other Items, |
|
Adjusted |
|
||||
|
|
|
U.S. GAAP |
|
Charges, Net (1) |
|
Net (2) |
|
(Non-GAAP) (3) |
|
||||
|
|
|
(in millions) |
|
||||||||||
|
Operating Income: |
|
|
|
|
|
|
|
|
|
||||
|
Transportation Connectivity |
|
$ |
515 |
|
$ |
94 |
|
$ |
— |
|
$ |
609 |
|
|
Communications and Industrial Solutions |
|
682 |
|
20 |
|
— |
|
702 |
|
||||
|
Network Solutions |
|
312 |
|
20 |
|
8 |
|
340 |
|
||||
|
Pre-separation litigation income |
|
7 |
|
— |
|
(7 |
) |
— |
|
||||
|
Total |
|
$ |
1,516 |
|
$ |
134 |
|
$ |
1 |
|
$ |
1,651 |
|
(1) Includes $137 million recorded in net restructuring and other charges and a $3 million credit recorded in cost of sales.
(2) Consists of $8 million of acquisition and integration costs and $7 million of income related to pre-separation securities litigation.
(3) See description of non-GAAP measures contained in this Form 8-K.
TYCO ELECTRONICS LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Year Ended September 25, 2009
(UNAUDITED)
|
|
|
|
|
Adjustments |
|
|
|
|||||||||
|
|
|
|
|
Restructuring |
|
|
|
|
|
|
|
|||||
|
|
|
|
|
and Other |
|
Impairment of |
|
Other Items, |
|
Adjusted |
|
|||||
|
|
|
U.S. GAAP |
|
Charges, Net (1) |
|
Goodwill |
|
Net (2) |
|
(Non-GAAP) (3) |
|
|||||
|
|
|
(in millions) |
|
|||||||||||||
|
Operating Income (Loss): |
|
|
|
|
|
|
|
|
|
|
|
|||||
|
Transportation Connectivity |
|
$ |
(2,254 |
) |
$ |
171 |
|
$ |
2,088 |
|
$ |
— |
|
$ |
5 |
|
|
Communications and Industrial Solutions |
|
(1,428 |
) |
138 |
|
1,459 |
|
8 |
|
177 |
|
|||||
|
Network Solutions |
|
352 |
|
64 |
|
— |
|
— |
|
416 |
|
|||||
|
Pre-separation litigation charges |
|
(144 |
) |
— |
|
— |
|
144 |
|
— |
|
|||||
|
Total |
|
$ |
(3,474 |
) |
$ |
373 |
|
$ |
3,547 |
|
$ |
152 |
|
$ |
598 |
|
(1) Includes $375 million recorded in net restructuring and other charges and a $2 million credit recorded in cost of sales.
(2) Consists of $144 million of charges related to the settlement of pre-separation securities litigation and $8 million of costs related to a product liability matter from several years ago recorded in selling, general, and administrative expenses.
(3) See description of non-GAAP measures contained in this Form 8-K.
TYCO ELECTRONICS LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Year Ended September 26, 2008
(UNAUDITED)
|
|
|
|
|
Adjustments |
|
|
|
|||||||||
|
|
|
|
|
Restructuring |
|
|
|
|
|
|
|
|||||
|
|
|
|
|
and Other |
|
Impairment of |
|
Other Items, |
|
Adjusted |
|
|||||
|
|
|
U.S. GAAP |
|
Charges, Net (1) |
|
Goodwill |
|
Net (2) |
|
(Non-GAAP) (3) |
|
|||||
|
|
|
(in millions) |
|
|||||||||||||
|
Operating Income: |
|
|
|
|
|
|
|
|
|
|
|
|||||
|
Transportation Connectivity |
|
$ |
503 |
|
$ |
145 |
|
$ |
103 |
|
$ |
(36 |
) |
$ |
715 |
|
|
Communications and Industrial Solutions |
|
771 |
|
56 |
|
— |
|
8 |
|
835 |
|
|||||
|
Network Solutions |
|
411 |
|
27 |
|
— |
|
— |
|
438 |
|
|||||
|
Pre-separation litigation charges, net |
|
(22 |
) |
— |
|
— |
|
22 |
|
— |
|
|||||
|
Total |
|
$ |
1,663 |
|
$ |
228 |
|
$ |
103 |
|
$ |
(6 |
) |
$ |
1,988 |
|
(1) Includes $219 million recorded in net restructuring and other charges and $9 million recorded in cost of sales.
(2) Consists of a $36 million gain on the sale of real estate and $8 million of costs related to a customs settlement, both of which are recorded in selling, general and administrative expenses, and $22 million of net charges related to the settlement of pre-separation securities litigation.
(3) See description of non-GAAP measures contained in this Form 8-K.