Summary
TE Connectivity plc (formerly Tyco Electronics Ltd.) filed this Form 8-K on September 20, 2007, to report on its financial condition and results of operations. The primary focus of this filing is to provide historical financial information for Tyco Electronics as a standalone entity, following its separation from Tyco International Ltd. on June 29, 2007. This includes combined statements of operations, balance sheets, and cash flows for fiscal years 2004 through 2006. A significant aspect of this report is the reclassification of the "Power Systems" business as a discontinued operation and held for sale. This strategic decision, authorized by the Board of Directors, impacts the presentation of historical financial data. Investors should note that these presented figures may not be indicative of future performance as a newly independent public company.
Key Highlights
- 1Tyco Electronics Ltd. (now TE Connectivity plc) filed an 8-K reporting financial results and condition.
- 2The filing follows the separation of Tyco Electronics from Tyco International Ltd. on June 29, 2007.
- 3Historical financial statements (operations, balance sheets, cash flows) for fiscal years 2004-2006 are provided.
- 4The 'Power Systems' business has been classified as a discontinued operation and held for sale.
- 5Financial data presented may not reflect results as if Tyco Electronics had always been an independent entity.
- 6The provided financial information is not necessarily indicative of future operating results.
- 7Terrence R. Curtin, EVP and CFO, signed the report on behalf of the registrant.