-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, I/GWFrHICGxi+pCF1X1vAn7Sjud9MiicZbINKvi2SRhw/p0QRIcBR59HRsdex6Eu O2mlQDy6jSaleLQ9qA8Hfw== 0001013816-02-000129.txt : 20020711 0001013816-02-000129.hdr.sgml : 20020711 20020711122158 ACCESSION NUMBER: 0001013816-02-000129 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020711 ITEM INFORMATION: Other events FILED AS OF DATE: 20020711 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KANSAS CITY SOUTHERN CENTRAL INDEX KEY: 0000054480 STANDARD INDUSTRIAL CLASSIFICATION: RAILROADS, LINE-HAUL OPERATING [4011] IRS NUMBER: 440663509 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04717 FILM NUMBER: 02700848 BUSINESS ADDRESS: STREET 1: 427 WEST 12TH STREET CITY: KANSAS CITY STATE: MO ZIP: 64105 BUSINESS PHONE: 8169831303 MAIL ADDRESS: STREET 1: 427 WEST 12TH STREET CITY: KANSAS CITY STATE: MO ZIP: 64105 FORMER COMPANY: FORMER CONFORMED NAME: KANSAS CITY SOUTHERN INDUSTRIES INC DATE OF NAME CHANGE: 19920703 8-K 1 form8k_71102.txt FORM 8-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 11, 2002 KANSAS CITY SOUTHERN -------------------- (Exact name of company as specified in its charter) DELAWARE 1-4717 44-0663509 - --------------------------- ---------------- ---------------------- State or other jurisdiction (Commission file (IRS Employer of incorporation) number) Identification Number) 427 West 12th Street, Kansas City, Missouri 64105 ------------------------------------------------- (Address of principal executive offices) (Zip Code) Company's telephone number, including area code: (816) 983 - 1303 Not Applicable (Former name or former address if changed since last report) ITEM 5. OTHER EVENTS ADOPTION OF STATEMENT OF FINANCIAL ACCOUNTING STANDARDS NO. 142. Effective January 1, 2002, Kansas City Southern ("KCS" or the "Company") adopted Statement of Financial Accounting Standards No. 142, "Goodwill and Other Intangible Assets" ("SFAS 142"). SFAS 142 provides, among other things, that goodwill with an indefinite life shall no longer be amortized, but shall be evaluated for impairment on an annual basis. SFAS 142 also requires various transitional disclosures until all periods presented reflect the provisions of SFAS 142. These transitional disclosures include the presentation of income before extraordinary items, net income and earnings per share information adjusted to exclude amortization expense (including the related income tax effects) for all periods presented. A reconciliation of reported income from continuing operations to adjusted income from continuing operations, reported income before extraordinary items to adjusted income before extraordinary items, reported net income to adjusted net income and reported earnings per share to adjusted earnings per share are presented in the table below. Year Ended December 31, ------------------------------ 1999 2000 2001 -------- --------- --------- Reported income from continuing operations $ 10.2 $ 25.4 $ 31.1 Add back: Goodwill amortization 0.6 0.6 0.6 -------- --------- --------- Adjusted income before extraordinary items $ 10.8 $ 26.0 $ 31.7 -------- --------- --------- Reported income from discontinued operations $ 313.1 $ 363.8 $ - Add back: Goodwill amortization 9.7 5.7 - -------- --------- --------- Adjusted income before extraordinary items $ 322.8 $ 369.5 $ - -------- --------- --------- Reported income before extraordinary items $ 323.3 $ 389.2 $ 31.1 Add back: Goodwill amortization 10.3 6.3 0.6 -------- --------- --------- Adjusted income before extraordinary items $ 333.6 $ 395.5 $ 31.7 -------- --------- --------- Reported net income $ 323.3 $ 380.5 $ 30.7 Add back: Goodwill amortization 10.3 6.3 0.6 -------- --------- --------- Adjusted net income $ 333.6 $ 386.8 $ 31.3 -------- --------- --------- Reported diluted earnings per share from continuing operations $ 0.17 $ 0.43 $ 0.51 Add back: Goodwill amortization 0.01 0.01 0.01 -------- --------- --------- Adjusted diluted earnings per share from continuing operations $ 0.18 $ 0.44 $ 0.52 -------- --------- --------- Reported diluted earnings per share from discontinued operations $ 5.40 $ 6.14 $ - Add back: Goodwill amortization 0.17 0.10 - -------- --------- --------- Adjusted diluted earnings per share from discontinued operations $ 5.57 $ 6.24 $ - -------- --------- --------- Reported diluted earnings per share - net income $ 5.57 $ 6.42 $ 0.50 Add back: Goodwill amortization 0.18 0.11 0.01 -------- --------- --------- Adjusted diluted earnings per share - net income $ 5.75 $ 6.53 $ 0.51 -------- --------- --------- SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized. Kansas City Southern Date: July 11, 2002 By: /s/ Louis G. Van Horn ---------------------------------------- Louis G. Van Horn Vice President and Comptroller (Principal Accounting Officer) -----END PRIVACY-ENHANCED MESSAGE-----