ADT 2002 Annual Report Download - page 129

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TYCO INTERNATIONAL LTD.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
29. Tyco International Group S.A. (continued)
CONSOLIDATING STATEMENT OF OPERATIONS (RESTATED)
For the Year Ended September 30, 2001
($ in millions)
Tyco Tyco
International International Other Consolidating
Ltd. Group S.A. Subsidiaries Adjustments Total
Net revenues ................... $ — $ — $34,002.1 $ — $34,002.1
Cost of product sales ............. — — 18,319.7 — 18,319.7
Cost of services ................. — — 2,615.9 — 2,615.9
Selling, general and administrative
expenses ..................... 54.0 (4.4) 6,695.7 — 6,745.3
Restructuring and other charges, net . . — — 400.4 — 400.4
Charges for the impairment of long-
lived assets ................... — — 120.1 — 120.1
Write-off of purchased in-process
research and development ........ — — 184.3 — 184.3
Operating (loss) income ........... (54.0) 4.4 5,666.0 — 5,616.4
Interest expense, net ............. (51.4) (724.2) (0.9) — (776.5)
Other income, net ............... — — 250.3 — 250.3
Net gain on sale of common shares of
a subsidiary .................. — — 24.5 — 24.5
Equity in net income of subsidiaries . . 3,673.3 2,201.7 — (5,875.0) —
Intercompany interest and fees ...... (103.9) 749.9 (646.0) — —
Income from continuing operations
before income taxes and minority
interest ...................... 3,464.0 2,231.8 5,293.9 (5,875.0) 5,114.7
Income taxes ................... — (0.4) (1,171.9) — (1,172.3)
Minority interest ................ — — (47.5) — (47.5)
Income from continuing operations . . . 3,464.0 2,231.4 4,074.5 (5,875.0) 3,894.9
Income from discontinued operations
of Tyco Capital, net of tax ........ — — 252.5 — 252.5
Income before cumulative effect of
accounting changes ............. 3,464.0 2,231.4 4,327.0 (5,875.0) 4,147.4
Cumulative effect of accounting
changes, net of tax ............. — (29.7) (653.7) — (683.4)
Net income .................... $3,464.0 $2,201.7 $ 3,673.3 $(5,875.0) $ 3,464.0
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