ADT 2003 Annual Report Download - page 122

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120
CONSOLIDATING STATEMENT OF OPERATIONS
TYCO TYCO
YEAR ENDED SEPTEMBER 30, 2002 INTERNATIONAL INTERNATIONAL OTHER CONSOLIDATING
($ IN MILLIONS) LTD. GROUP S.A. SUBSIDIARIES ADJUSTMENTS TOTAL
NET REVENUES $÷÷÷÷«— $÷÷÷÷— $35,589.8 $÷÷÷÷— $35,589.8
Cost of product sales — — 19,495.1 — 19,495.1
Cost of services — — 3,570.2 — 3,570.2
Selling, general and administrative expenses 26.9 (0.5) 8,155.2 — 8,181.6
Restructuring and other charges, net 0.7 0.4 1,123.2 — 1,124.3
Charges for the impairment of long-lived assets — — 3,309.5 — 3,309.5
Goodwill impairment — — 1,343.7 — 1,343.7
Write off of purchased in-process research and development — — 17.8 — 17.8
OPERATING (LOSS) INCOME (27.6) 0.1 (1,424.9) — (1,452.4)
Interest income 0.4 37.9 79.0 — 117.3
Interest expense (117.1) (931.9) (28.0) — (1,077.0)
Other income (expense), net 2.6 33.1 (252.3) — (216.6)
Equity in net (loss) income of subsidiaries (8,516.1) 2,002.9 — 6,513.2 —
Intercompany interest and fees (521.7) 861.1 (339.4) — —
(LOSS) INCOME FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES AND MINORITY INTEREST (9,179.5) 2,003.2 (1,965.6) 6,513.2 (2,628.7)
Income taxes — (0.2) (207.9) — (208.1)
Minority interest — — (1.4) — (1.4)
(LOSS) INCOME FROM CONTINUING OPERATIONS (9,179.5) 2,003.0 (2,174.9) 6,513.2 (2,838.2)
Loss from discontinued operations of
Tyco Capital, net of tax — — (6,282.5) — (6,282.5)
Loss on sale of Tyco Capital, net of tax — — (58.8) — (58.8)
NET (LOSS) INCOME $(9,179.5) $2,003.0 $«(8,516.2) $6,513.2 $«(9,179.5)
CONSOLIDATING STATEMENT OF OPERATIONS
TYCO TYCO
YEAR ENDED SEPTEMBER 30, 2001 INTERNATIONAL INTERNATIONAL OTHER CONSOLIDATING
($ IN MILLIONS) 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 income 8.4 3.8 116.1 — 128.3
Interest expense (59.8) (728.0) (117.0) — (904.8)
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
TYCO INTERNATIONAL LTD.
Notes to Consolidated Financial Statements