ADT 2001 Annual Report Download - page 46

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44
CONSOLIDATED STATEMENTS OF OPERATIONS
TYCO INTERNATIONAL LTD.
AND CONSOLIDATED SUBSIDIARIES
FOR THE YEAR ENDED
SEPTEMBER 30,
(IN MILLIONS, EXCEPT PER SHARE DATA) 2001 2000 1999
REVENUES
Net revenue $34,036.6 $28,931.9 $22,496.5
Finance income 1,676.3
——
Other income 334.9
——
Earnings of Tyco Capital
———
Net gain on sale of common shares of subsidiary 64.1 1,760.0
—
Net gain on sale of businesses and investments 276.6
——
TOTAL REVENUES 36,388.5 30,691.9 22,496.5
COSTS AND EXPENSES
Cost of revenue 20,950.3 17,931.2 14,433.1
Selling, general, administrative and other costs and expenses 7,208.4 5,252.0 4,436.3
Interest and other financial charges, net 1,373.6 769.6 485.6
Provision for credit losses 116.1
——
Merger, restructuring and other non-recurring charges, net 233.6 175.3 928.8
Write-off of purchased in-process research and development 184.3
——
Charges for the impairment of long-lived assets 120.1 99.0 507.5
TOTAL COSTS AND EXPENSES 30,186.4 24,227.1 20,791.3
INCOME BEFORE INCOME TAXES, MINORITY INTEREST, EXTRAORDINARY
ITEMS AND CUMULATIVE EFFECT OF ACCOUNTING CHANGES 6,202.1 6,464.8 1,705.2
Income taxes (1,479.9) (1,926.0) (637.5)
Minority interest (51.1) (18.7)
—
Income before extraordinary items and cumulative effect of
accounting changes 4,671.1 4,520.1 1,067.7
Extraordinary items, net of tax (17.1) (0.2) (45.7)
Cumulative effect of accounting changes, net of tax (683.4)
——
NET INCOME $ 3,970.6 $ 4,519.9 $ 1,022.0
BASIC EARNINGS PER COMMON SHARE:
Income before extraordinary items and cumulative effect of
accounting changes $ 2.59 $ 2.68 $ 0.65
Extraordinary items, net of tax (0.01)
—
(0.03)
Cumulative effect of accounting changes, net of tax (0.38)
——
Net Income 2.20 2.68 0.62
DILUTED EARNINGS PER COMMON SHARE:
Income before extraordinary items and cumulative effect of
accounting changes $ 2.55 $ 2.64 $ 0.64
Extraordinary items, net of tax (0.01)
—
(0.03)
Cumulative effect of accounting changes, net of tax (0.37)
——
Net Income 2.17 2.64 0.61
WEIGHTED-AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:
Basic 1,806.9 1,688.0 1,641.3
Diluted 1,831.6 1,713.2 1,674.8
SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS AND, IN PARTICULAR, SEE NOTE 1 FOR DEFINITIONS OF TYCO INDUSTRIAL AND TYCO CAPITAL.