ADT 2003 Annual Report Download - page 126

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124
CONSOLIDATING STATEMENT OF CASH FLOWS
TYCO TYCO
YEAR ENDED SEPTEMBER 30, 2002 INTERNATIONAL INTERNATIONAL OTHER CONSOLIDATING
($ IN MILLIONS) LTD. GROUP S.A. SUBSIDIARIES ADJUSTMENTS TOTAL
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash (used in) provided by operating activities
from continuing operations $(1,128.0) $««««(91.1) $«6,630.5 $÷÷÷— $«5,411.4
Net cash provided by operating activities
from discontinued operations — — 1,462.9 — 1,462.9
Net cash (used in) provided by operating activities (1,128.0) (91.1) 8,093.4 — 6,874.3
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property, plant and equipment, net — — (1,678.8) — (1,678.8)
Construction of Tyco Global Network — — (1,146.0) — (1,146.0)
Acquisition of businesses, net of cash acquired — — (1,683.8) — (1,683.8)
Acquisition of customer accounts (ADT dealer program) — — (1,139.3) — (1,139.3)
Cash paid for purchase accounting and
holdback/earn-out liabilities — — (624.1) — (624.1)
Net proceeds from the sale of CIT — — 4,395.4 — 4,395.4
Disposal of other businesses, net of cash sold — — 138.7 — 138.7
Net sales (purchases) of long-term investments 6.3 (93.5) 70.4 — (16.8)
Net increase in intercompany loans — (258.1) — 258.1 —
Net decrease (increase) in investment in subsidiaries 1,021.9 — (71.8) (950.1) —
Increase in current restricted cash — (181.4) (14.8) — (196.2)
Other — — (94.8) — (94.8)
Net cash provided by (used in) investing activities
from continuing operations 1,028.2 (533.0) (1,848.9) (692.0) (2,045.7)
Net cash provided by investing activities
from discontinued operations — — 2,684.3 — 2,684.3
Net cash provided by (used in) investing activities 1,028.2 (533.0) 835.4 (692.0) 638.6
CASH FLOWS FROM FINANCING ACTIVITIES:
Net (repayments of) proceeds from debt (28.5) 3,557.8 (1,578.0) — 1,951.3
Proceeds from sale of common shares for acquisitions 501.6 — (501.6) — —
Proceeds from exercise of options 58.3 — 127.4 — 185.7
Dividends paid (100.3) — — — (100.3)
Repurchase of Tyco common shares — — (789.2) — (789.2)
Net financing from parent — — 258.1 (258.1) —
Repayment of intercompany note payable (295.1) — 295.1 — —
Net capital distributions to parent — — (950.1) 950.1 —
Capital contribution to Tyco Capital — — (200.0) — (200.0)
Other — — (9.7) — (9.7)
Net cash provided by (used in) financing activities
from continuing operations 136.0 3,557.8 (3,348.0) 692.0 1,037.8
Net cash used in financing activities from
discontinued operations — — (2,874.6) — (2,874.6)
Net cash provided by (used in) financing activities 136.0 3,557.8 (6,222.6) 692.0 (1,836.8)
Effect of currency translation on cash — — 2.1 — 2.1
NET INCREASE IN CASH AND CASH EQUIVALENTS 36.2 2,933.7 2,708.3 — 5,678.2
TYCO CAPITAL’S CASH AND CASH EQUIVALENTS
TRANSFERRED TO DISCONTINUED OPERATIONS — — (1,272.6) — (1,272.6)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 1.4 37.0 1,741.7 — 1,780.1
CASH AND CASH EQUIVALENTS AT END OF YEAR $««««««37.6 $2,970.7 $«3,177.4 $÷÷÷— $«6,185.7
TYCO INTERNATIONAL LTD.
Notes to Consolidated Financial Statements