ADT 2002 Annual Report Download - page 55

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TYCO INTERNATIONAL LTD.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
1. Basis of Presentation, Restatement and Summary of Significant Accounting Policies (continued)
The following tables reflect the impact of the aforementioned adjustments on operating income
(loss) and operating margins ($ in millions):
Fiscal Year Ended September 30,
2002 2001 2000 1999 1998
Operating (loss) income, as previously
reported .......................... $(1,579.0) $ 6,186.8 $ 5,474.4 $ 2,190.8 $ 1,948.1
Adjustments:
Phase 2 Adjustments ................. 36.1 13.0 (26.4) (29.8) 8.1
Capitalized and Deferred Costs ......... (43.2) (34.6) (39.2) (59.0) 2.8
Reconciliation Items ................. (20.0) (47.7) (1.9) (8.0) (22.5)
Adjustments to Accrual Balances ........ (19.6) — 1.8 — —
Asset Reserve Adjustments ............ 4.6 (1.5) (8.1) — —
Other Accounting Adjustments ......... (14.1) (35.4) (23.2) (4.4) (2.2)
Customer Contract Amortization Method . (107.3) (74.5) (54.9) (34.0) (13.1)
ADT Dealer Reimbursements .......... 186.9 (172.1) (93.7) (64.7) (37.2)
TyCom Network Transaction ........... (21.4) (16.2) — — —
Healthcare Divestiture Transaction ...... 137.9 (154.3) — — —
Insurance and Compensation Accrual
Adjustments ..................... (13.3) (47.1) (30.8) (5.5) —
Increase (decrease) in operating (loss)
income ........................... 126.6 (570.4) (276.4) (205.4) (64.1)
Operating (loss) income, as restated ....... $(1,452.4) $ 5,616.4 $ 5,198.0 $ 1,985.4 $ 1,884.0
Operating Margins:
As previously reported (4.4)% 18.2% 18.9% 9.7% 10.2%
As restated (4.1) 16.5 18.0 8.8 9.9
53