ADT 2002 Annual Report Download - page 103

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TYCO INTERNATIONAL LTD.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
16. Goodwill and Intangible Assets (continued)
charges to goodwill and other asset impairments in the future. We have elected to make July 1 the
annual assessment date for all reporting units.
See Note 11, ‘‘Discontinued Operations of Tyco Capital (CIT Group Inc.),’’ for information
regarding the impairment of goodwill relating to Tyco Capital.
Following is a reconciliation of previously reported financial information to adjusted amounts
excluding goodwill amortization for fiscal 2001 and 2000, as restated for the adjustments described in
Note 1 ($ in millions, except per share data):
Fiscal 2001 Fiscal 2000
Basic Diluted Basic Diluted
Earnings Earnings Earnings Earnings
Earnings Per Share Per Share Earnings Per Share Per Share
Income from continuing
operations ............. $3,894.9 $2.16 $2.13 $4,318.5 $2.56 $2.52
Goodwill amortization
expense, net of tax ....... 501.9 0.28 0.27 325.1 0.19 0.19
Adjusted income from
continuing operations ..... $4,396.8 $2.43 $2.40 $4,643.6 $2.75 $2.71
Income before cumulative
effect of accounting changes $4,147.4 $2.30 $2.26 $4,318.5 $2.56 $2.52
Goodwill amortization
expense, net of tax ....... 561.7 0.31 0.31 325.1 0.19 0.19
Adjusted income before
extraordinary items and
cumulative effect of
accounting changes ...... $4,709.1 $2.61 $2.57 $4,643.6 $2.75 $2.71
Net income .............. $3,464.0 $1.92 $1.89 $4,318.5 $2.56 $2.52
Goodwill amortization
expense, net of tax ....... 561.7 0.31 0.31 325.1 0.19 0.19
Adjusted net income ....... $4,025.7 $2.23 $2.20 $4,643.6 $2.75 $2.71
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