ADT 2003 Annual Report Download - page 69

Download and view the complete annual report

Please find page 69 of the 2003 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.

Page out of 132

  • 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

67
TYCO INTERNATIONAL LTD.
(IN MILLIONS, EXCEPT SHARE DATA)
SEPTEMBER 30, 2003 2002
ASSETS
Current Assets:
Cash and cash equivalents $««4,186.7 $««6,185.7
Restricted cash 141.8 196.2
Accounts receivable, less allowance for doubtful accounts
($726.2 at September 30,2003 and $638.0 at September 30,2002)5,714.8 5,831.9
Inventories 4,292.2 4,607.9
Deferred income taxes 855.2 1,356.0
Other current assets 2,048.8 1,461.7
Total current assets 17,239.5 19,639.4
Property, Plant and Equipment, Net 10,299.8 10,442.6
Goodwill 25,938.7 26,020.5
Intangible Assets, Net 5,790.0 5,805.8
Other Assets 4,277.0 3,591.5
TOTAL ASSETS $63,545.0 $65,499.8
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Loans payable and current maturities of long-term debt $««2,718.4 $««7,719.0
Accounts payable 2,716.7 3,173.8
Accrued expenses and other current liabilities 3,999.1 5,348.7
Contracts in process — billings in excess of cost 327.6 523.6
Deferred revenue 810.5 758.5
Total current liabilities 10,572.3 17,523.6
Long-Term Debt 18,250.7 16,529.1
Other Long-Term Liabilities 8,239.7 7,288.9
TOTAL LIABILITIES 37,062.7 41,341.6
Commitments and Contingencies (Note 22)
Minority Interest 113.3 76.9
Shareholders’ Equity:
Preference shares, $1 par value, 125,000,000 shares authorized,
one share outstanding at September 30,2003 and 2002 ——
Common shares, $0.20 par value, 4,000,000,000 shares authorized;
1,998,189,621 and 1,995,699,758 shares outstanding, net of 21,144,265 and
22,522,250 shares owned by subsidiaries at September 30,2003 and 2002, respectively 399.6 399.1
Capital in excess:
Share premium 8,161.4 8,146.9
Contributed surplus, net of deferred compensation of
$45.5 at September 30,2003 and $51.2 at September 30,2002 15,120.1 15,042.7
Accumulated earnings 2,961.2 2,081.2
Accumulated other comprehensive loss (273.3) (1,588.6)
TOTAL SHAREHOLDERS’ EQUITY 26,369.0 24,081.3
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $63,545.0 $65,499.8
See Notes to Consolidated Financial Statements.
Consolidated
Balance Sheets