ADT 2002 Annual Report Download - page 68
Download and view the complete annual report
Please find page 68 of the 2002 ADT annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58 -
59 -
60 -
61 -
62 -
63 -
64 -
65 -
66 -
67 -
68 -
69 -
70 -
71 -
72 -
73 -
74 -
75 -
76 -
77 -
78 -
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
 |
 |
TYCO INTERNATIONAL LTD.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
2. Acquisitions and Divestitures (continued)
independent valuations in order to finalize estimates for the fair values of certain assets acquired and
liabilities assumed.
At September 30, 2002, holdback/earn-out liabilities of $268.2 million remained on the
Consolidated Balance Sheet, of which $124.5 million are included in accrued expenses and other
current liabilities and $143.7 million are included in other long-term liabilities. These liabilities are
payable in cash. In addition, a total of $101.4 million of purchase accounting liabilities related to fiscal
2002 acquisitions remained on the Consolidated Balance Sheet, of which $56.9 million are included in
accrued expenses and other current liabilities and $44.5 million are included in other long-term
liabilities. Tyco expects that the termination of employees and consolidation of facilities related to all
acquisitions will be substantially complete within two years of the related dates of acquisition, except
for long-term non-cancellable lease obligations and certain long-term severance arrangements.
During fiscal 2002, the Company sold certain of its businesses for net proceeds of approximately
$138.7 million in cash that consist primarily of certain businesses within the Healthcare and Fire and
Security Services segments. In connection with these dispositions, the Company recorded a net gain of
$23.6 million.
The following unaudited pro forma data summarize the results of operations for the periods
indicated as if fiscal 2002 and 2001 acquisitions and divestitures and the amalgamation with TyCom had
been completed as of the beginning of the periods presented. The pro forma data give effect to actual
operating results prior to the acquisitions, and to adjustments for interest expense and income taxes.
No effect has been given to cost reductions or operating synergies in this presentation. These pro
forma amounts do not purport to be indicative of the results that would have actually been achieved if
66