ADT 2002 Annual Report Download - page 28

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PART II
Item 6. Selected Financial Data
The following table sets forth selected consolidated financial information of Tyco as, at and for the
fiscal years ended September 30, 2002, 2001, 2000, 1999 and 1998. This selected financial information
should be read in conjunction with Tyco’s Consolidated Financial Statements and related notes. The
selected financial data reflect the combined results of operations and financial position of Tyco, United
States Surgical Corporation (‘‘U.S. Surgical’’) and AMP Incorporated (‘‘AMP’’). During fiscal 1999,
subsidiaries of Tyco merged with U.S. Surgical and AMP. Both merger transactions were accounted for
under the pooling of interests accounting method. The selected financial information for each of the
periods presented below has been restated to reflect the revisions discussed in Note 1 to the
Consolidated Financial Statements.
Year Ended September 30,
2002(1) 2001(2)(3) 2000(4) 1999(5) 1998(6)
(in millions, except per share data)
(restated)
Consolidated Statements of Operations
Data:
Net revenues ...................... $35,589.8 $34,002.1 $28,927.5 $22,494.1 $19,066.8
(Loss) income from continuing operations . (2,838.2) 3,894.9 4,318.5 873.7 1,117.0
Cumulative effect of accounting changes,
net of tax ....................... — (683.4) — — —
Net (loss) income .................. (9,179.5) 3,464.0 4,318.5 873.7 1,117.0
Basic (loss) earnings per common share(7):
(Loss) income from continuing
operations .................... (1.43) 2.16 2.56 0.53 0.71
Cumulative effect of accounting
changes, net of tax .............. — (0.38) — — —
Net (loss) income ................. (4.62) 1.92 2.56 0.53 0.71
Diluted (loss) earnings per common
share(7):
(Loss) income from continuing
operations .................... (1.43) 2.13 2.52 0.52 0.69
Cumulative effect of accounting
changes, net of tax .............. — (0.37) — — —
Net (loss) income ................. (4.62) 1.89 2.52 0.52 0.69
Cash dividends per common share(7) ....... See
(8) below.
Consolidated Balance Sheet Data (End of
Period):
Total assets ....................... $65,457.5 $70,413.2 $39,995.6 $32,106.2 $23,346.2
Long-term debt .................... 16,486.8 19,596.0 9,461.8 9,109.4 5,424.7
Shareholders’ equity ................. 24,081.3 31,080.3 16,612.7 12,136.7 9,812.8
(1) Loss from continuing operations in the fiscal year ended September 30, 2002 includes net restructuring and other charges of
$1,874.7 million (of which $635.4 million is included in cost of sales and $115.0 million is included in selling, general and
administrative expenses), charges of $3,309.5 million for the impairment of long-lived assets, goodwill impairment charges of
$1,343.7 million, and a charge for the write-off of purchased research and development of $17.8 million. In addition, loss
from continuing operations for the fiscal year ended September 30, 2002 includes a loss on investments of $270.8 million, a
net gain on the sale of businesses of $23.6 million and $30.6 million of income relating to the early retirement of debt. Net
(loss) income also includes a $6,282.5 million loss from discontinued operations of Tyco Capital and a $58.8 million loss on
(Footnotes continued on following page)
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