ADT 2003 Annual Report Download - page 125

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123
CONSOLIDATING STATEMENT OF CASH FLOWS
TYCO TYCO
YEAR ENDED SEPTEMBER 30, 2003 INTERNATIONAL INTERNATIONAL OTHER CONSOLIDATING
($ IN MILLIONS) LTD. GROUP S.A. SUBSIDIARIES ADJUSTMENTS TOTAL
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash provided by operating activities from
continuing operations $«1,171.4 $««««623.5 $«3,551.2 $÷÷÷÷«— $«5,346.1
Net cash provided by operating activities from
discontinued operations — — 20.0 — 20.0
Net cash provided by operating activities 1,171.4 623.5 3,571.2 — 5,366.1
CASH FLOWS FROM INVESTING ACTIVITIES:
Sale (purchase) of property, plant and equipment, net 4.0 — (1,173.6) — (1,169.6)
Construction of Tyco Global Network — — (112.7) — (112.7)
Acquisition of businesses, net of cash acquired — — (44.0) — (44.0)
Acquisition of customer accounts (ADT dealer program) — — (596.8) — (596.8)
Cash paid for purchase accounting and
holdback/earn-out liabilities — — (271.8) — (271.8)
Disposal of businesses, net of cash sold — — 8.5 — 8.5
Cash invested in short-term investments — (331.4) (60.7) — (392.1)
Net sales (purchases) of long-term investments 0.1 (45.3) 54.4 — 9.2
Net decrease in intercompany loans — 2,657.6 — (2,657.6) —
Net increase in investment in subsidiaries (2.4) (0.5) — 2.9 —
Increase in current and non-current restricted cash — (134.4) (94.0) — (228.4)
Other — (8.6) 66.3 — 57.7
Net cash provided by (used in) investing activities 1.7 2,137.4 (2,224.4) (2,654.7) (2,740.0)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net repayments of debt (1,062.8) (3,449.7) (106.1) — (4,618.6)
Proceeds from exercise of options — — 14.8 — 14.8
Dividends paid (100.9) — — — (100.9)
Repurchase of Tyco common shares — — (1.2) — (1.2)
Net financing repayments to parent — — (2,657.6) 2,657.6 —
Net capital contributions from parent 2.9 (2.9) —
Other — — (8.0) — (8.0)
Net cash used in financing activities (1,163.7) (3,449.7) (2,755.2) 2,654.7 (4,713.9)
Effect of currency translation on cash — — 88.8 — 88.8
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 9.4 (688.8) (1,319.6) — (1,999.0)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 37.6 2,970.7 3,177.4 — 6,185.7
CASH AND CASH EQUIVALENTS AT END OF YEAR $÷÷÷47.0 $«2,281.9 $«1,857.8 $÷÷÷÷«— $«4,186.7
TYCO INTERNATIONAL LTD.