ADT 2000 Annual Report Download - page 63

SIXTY ONE
YEAR ENDED SEPTEMBER 3 0 ,
(I N MILLI ONS) 2 0 0 0 1 9 9 9 1 9 9 8
CAPITAL EXPENDITURES:
Electronics $ 2 9 3 .8 $ 391.1 $ 492.0
Telecommunications 316.0(11) 97.4 28.2
Healthcare and Specialty
Products 251.1 235.9(12) 202.9
Fire and Security Services 764.3 746.3 491.4
Flow Control Products
and Services 142.1 135.1 92.6
Corporate 4 7 .6 26.7 10.4
$ 1 , 8 1 4 .9 $ 1,632.5 $ 1,317.5
(1) Includes a restructuring charge of $16.9 million, of which $0.9 million is included in cost of
sales, related to AMP’s Brazilian operations and wireless communications business and a credit of
$107.8 million, of which $6.3 million is included in cost of sales, primarily representing a revision
of estimates of merger, restructuring, and other non-recurring accruals related to the merger with
AMP and AMP’s profit improvement plan.
(2) Includes a non-recurring charge of $13.1 million incurred in connection with the TyCom IPO.
(3) Includes charges for the impairment of long-lived assets of $99.0 million and restructuring and
other non-recurring charges of $7.9 million, of which $6.4 million is included in cost of sales, related
to exiting USSC’s interventional cardiology business. Includes restructuring and other non-
recurring charges of $11.1 million related to USSC’s suture business. Also includes a credit of $29.9
million representing a revision in estimates of merger, restructuring, and other non-recurring accru-
als consisting of $19.7 million related primarily to the merger with USSC and $10.2 million related
to the Company’s 1997 restructuring accruals.
(4) Includes a merger, restructuring and other non-recurring credit of $11.2 million representing a
revision in estimates related to the Company’s 1997 restructuring accruals.
(5) Includes a non-recurring charge of $275.0 million as a reserve for certain claims relating to a
merged company in the Healthcare business and other non-recurring charges of $1.2 million.
(6) Includes merger, restructuring and other non-recurring charges of $643.3 million, of which
$106.4 million is included in cost of sales, and charges for the impairment of long-lived assets of
$431.5 million primarily related to the merger with AMP and AMP’s profit improvement plan.
(7) Includes merger, restructuring and other non-recurring charges of $423.8 million and charges
for the impairment of long-lived assets of $76.0 million, primarily related to the merger with USSC,
and a credit of $4.7 million representing a revision of estimates related to Tyco’s 1997 restructur-
ing and other non-recurring accruals.
(8) Includes a credit of $27.2 million representing a revision of estimates related to Tyco’s 1997
restructuring and other non-recurring accruals.
(9) Includes restructuring and other non-recurring charges recorded by AMP of $185.8 million
related to its profit improvement plan and a credit of $21.4 million to restructuring charges repre-
senting a revision of estimates related to AMP’s 1996 restructuring activities.
(10) Includes non-recurring charges of $80.5 million primarily related to business exit costs and
restructuring charges of $12.0 million related to USSC’s operations.
(11) Includes $111.1 million in spending for construction of the TyCom Global Network.
(12) Excludes $234.0 million related to the purchase of property previously leased by USSC.
[2 0 ] Consolidated Geographic Data
Selected information by geographic area is presented below.
AS AT AND FOR THE
YEAR ENDED SEPTEMBER 3 0 ,
(I N MILLI ONS) 2 00 0 1 9 9 9 19 9 8
Net sales:
Americas (primarily U.S.) $ 1 8 ,4 5 7 .5 $14,409.0 $12,518.4
Europe 6 ,6 1 0 .1 5,362.4 4,431.4
Asia-Pacific 3 ,8 6 4 .3 2,725.1 2,111.9
$ 2 8 ,9 3 1 .9 $22,496.5 $19,061.7
Long-Lived Assets:
Americas (primarily U.S.) $ 1 7 ,6 5 5 .4 $13,849.4
Europe 5 ,4 5 3 .3 4,084.6
Asia-Pacific 1 ,7 5 1 .5 1,838.3
Corporate 4 3 5 .0 311.3
$ 2 5 ,2 9 5 .2 $20,083.6
[2 1 ] Supplementary Balance Sheet Information
Selected supplementary balance sheet information is presented
below.
SEPTEMBER 3 0 ,
(I N MILLI ONS) 2 0 0 0 1 9 9 9
Inventories:
Purchased materials and manufactured parts $ 1 ,0 7 6 .5 $ 719.1
Work in process 1 ,1 0 5 .1 774.2
Finished goods 1 ,6 6 3 . 5 1,355.8
$ 3 ,8 4 5 .1 $ 2,849.1
Property, Plant and Equipment:
Land $ 5 3 8 .8 $ 386.8
Buildings 2 ,4 1 6 .1 2,414.0
Subscriber systems 3 ,2 0 0 .7 2,703.3
Machinery and equipment 7 ,0 8 9 .5 7,005.3
Leasehold improvements 2 9 5 .8 224.4
Construction in progress 7 2 7 .6 573.0
Accumulated depreciation (6 ,0 5 0 .1 ) (5,984.4)
$ 8 ,2 1 8 .4 $ 7,322.4
Accrued expenses and other current liabilities include the following:
Accrued payroll and payroll related costs
(including bonuses) $ 8 0 8 .9 $ 723.5
[2 2 ] Supplementary Income Statement Information
Selected supplementary income statement information is presented
below.
YEAR ENDED SEPTEMBER 3 0 ,
(I N MILLI ONS) 2 00 0 1 9 9 9 19 9 8
Research and development $ 5 2 7 .5 $450.5 $511.4
Advertising $ 1 4 9 .3 $133.1 $110.8