11-K 1 j2403_11k.htm 11-K

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


 

FORM 11-K

 

 

(mark one):

ý

ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED, EFFECTIVE OCTOBER 7, 1996].

 

For the fiscal year ended December 31, 2002

 

OR

 

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TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [ NO FEE REQUIRED].

 

For the transition period from                                 to

 

Commission file number  001-10109

 

A.            Full title of the plan and the address of the plan, if different from that of the issuer named below:

 

BECKMAN COULTER, INC. SAVINGS PLAN

 

B.            Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:

 

BECKMAN COULTER, INC.
4300 North Harbor Boulevard
Fullerton, California  92835

 

 



 

Beckman Coulter, Inc.
Savings Plan

 

Financial Statements for the Years Ended
December 31, 2002 and 2001, Supplemental
Schedule as of December 31, 2002 and
Independent Auditors’ Report

 



 

BECKMAN COULTER, INC. SAVINGS PLAN

 

TABLE OF CONTENTS

 

INDEPENDENT AUDITORS’ REPORT

 

FINANCIAL STATEMENTS

 

Statements of Net Assets Available for Benefits as of December 31, 2002 and 2001

 

Statement of Changes in Net Assets Available for Benefits for the Year Ended December 31, 2002

 

Notes to Financial Statements for the Years Ended December 31, 2002 and 2001

 

SUPPLEMENTAL SCHEDULE—Schedule of Assets Held for Investment Purposes as of December 31, 2002

 

 

NOTE:            All other supplemental schedules are omitted because of the absence of conditions under which they are required.

 



 

INDEPENDENT AUDITORS’ REPORT

 

Benefits and Finance Administration Committee
Beckman Coulter, Inc. Savings Plan

 

We have audited the accompanying financial statements of Beckman Coulter, Inc. Savings Plan (the “Plan”) as of December 31, 2002 and 2001 and for the year ended December 31, 2002, listed in the table of contents.  These financial statements are the responsibility of the Plan’s management.  Our responsibility is to express an opinion on these financial statements based on our audits.

 

We conducted our audits in accordance with auditing standards generally accepted in the United States of America.  Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.  An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements.  An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.  We believe that our audits provide a reasonable basis for our opinion.

 

In our opinion, such financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2002 and 2001 and the changes in net assets available for benefits for the year ended December 31, 2002 in conformity with accounting principles generally accepted in the United States of America.

 

Our audits were performed for the purpose of forming an opinion on the basic financial statements taken as a whole.  The supplemental schedule of assets held for investment purposes as of December 31, 2002, listed in the table of contents, is presented for the purpose of additional analysis and is not a required part of the basic financial statements, but is supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974.  This schedule is the responsibility of the Plan’s management.  Such schedule has been subjected to the auditing procedures applied in our audits of the basic financial statements and, in our opinion, is fairly stated in all material respects when considered in relation to the basic financial statements taken as a whole.

 

 

/s/ Deloitte & Touche LLP

 

 

June 23, 2003

 



 

BECKMAN COULTER, INC. SAVINGS PLAN

 

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

DECEMBER 31, 2002 AND 2001

 

 

 

2002

 

2001

 

 

 

 

 

 

 

ASSETS:

 

 

 

 

 

Investments—at fair value:

 

 

 

 

 

Common stock of Plan sponsor

 

$

63,131,709

 

$

87,831,997

 

Mutual funds

 

323,262,804

 

403,644,870

 

Other investments

 

4,361,938

 

6,017,772

 

Participant loans receivable

 

15,884,666

 

15,453,647

 

Investment contracts—at contract value (Note 3):

 

 

 

 

 

Guaranteed investment contracts

 

33,597,309

 

47,221,686

 

Synthetic guaranteed investment contracts

 

169,833,028

 

160,215,187

 

Collective investment trust

 

29,313,585

 

 

 

 

 

 

 

 

 

Total investments

 

639,385,039

 

720,385,159

 

 

 

 

 

 

 

Cash and cash equivalents

 

2,086,914

 

1,003,501

 

Contributions receivable

 

7,789,663

 

6,388,453

 

 

 

 

 

 

 

NET ASSETS AVAILABLE FOR BENEFITS

 

$

649,261,616

 

$

727,777,113

 

 

See accompanying notes to financial statements.

 

2



 

BECKMAN COULTER, INC. SAVINGS PLAN

 

STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS

YEAR ENDED DECEMBER 31, 2002

 

ADDITIONS TO NET ASSETS ATTRIBUTED TO:

 

 

 

Interest

 

$

10,907,778

 

Dividends

 

3,726,646

 

 

 

 

 

Total investment income

 

14,634,424

 

 

 

 

 

Contributions:

 

 

 

Company matching (employer)

 

9,782,545

 

Retirement Plus (employer)

 

6,273,049

 

Employee

 

35,332,836

 

 

 

 

 

Total contributions

 

51,388,430

 

 

 

 

 

Net additions

 

 

 

 

 

 

 

DEDUCTION FROM NET ASSETS ATTRIBUTED TO:

 

 

 

Net depreciation in fair value of investments

 

114,017,873

 

Distributions of benefits

 

30,466,790

 

Administrative expenses and other

 

53,688

 

 

 

 

 

Net deductions

 

144,538,351

 

 

 

 

 

NET DECREASE

 

(78,515,497

)

 

 

 

 

NET ASSETS AVAILABLE FOR BENEFITS, BEGINNING OF YEAR

 

727,777,113

 

 

 

 

 

NET ASSETS AVAILABLE FOR BENEFITS, END OF YEAR

 

$

649,261,616

 

 

See accompanying notes to financial statements.

 

3



 

BECKMAN COULTER, INC. SAVINGS PLAN

 

NOTES TO FINANCIAL STATEMENTS

YEARS ENDED DECEMBER 31, 2002 AND 2001

 

1.                   DESCRIPTION OF PLAN

 

The following description of Beckman Coulter, Inc. Savings Plan (the “Plan”) provides only general information.  Participants should refer to the Plan document for a complete description of the Plan’s provisions.

 

General—Beckman Coulter, Inc. (the “Company”) established and adopted the Plan effective August 1, 1989.

 

The Plan is a defined-contribution plan covering substantially all Company employees who have completed a three-month period of employment with the Company.  The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (“ERISA”).  The Plan is administered by the Benefits and Finance Administration Committee (the “Committee”), whose members are appointed by the Board of Directors of the Company.

 

Contributions—Participants may elect to contribute up to 45% of their eligible pay in combination of pretax and after-tax withholdings.  Each participant’s pretax contributions in the calendar year may not exceed $11,000 and $10,500 in 2002 and 2001, respectively.  Additionally, participants age 50 or greater may contribute up to $1,000 in 2002 as a catchup contribution.

 

The Company matches 70% of participants’ contributions invested in Beckman Coulter, Inc. common stock and 50% of other contributions, up to 5% of participants’ total compensation.  Forfeitures are applied to reduce the Company’s contributions.

 

Retirement Plus was established in 1996 for the benefit of employees of Coulter Corporation.  Employees of the Coulter Corporation as of the acquisition date of October 31, 1997, and hired through April 30, 2000, participate (or are eligible for participation) upon one year of service.  Annually, the Company makes contributions to participants’ Retirement Plus accounts.  These contributions consist of a basic contribution which ranges from 3% to 9% of eligible pay for the year, and an excess contribution which ranges from zero to 4% of eligible pay that is above the Social Security taxable wage base for the year.  Both ranges are based on the participant’s age.

 

Upon commencement of benefit payments, participants are subject to federal income tax on the receipt of participant pretax contributions, Company contributions and earnings on all contributions.

 

Investment Options—Participants have a choice of various investment funds for their contributions.  Company contributions may be directed to any of these core investment funds.  Participants have the right to elect investment options upon enrollment or re-enrollment into the Plan.  Additionally, participants may elect to change their investment options and to transfer their account balances among the different investment funds on a daily basis.

 

Income on investment funds is allocated to participants’ accounts based on the participants’ investment fund balance as a percentage of the total investment fund balance.

 

4



 

The following description of each investment fund has been extracted from information contained in the respective fund’s prospectus:

 

Beckman Coulter, Inc. Stock Fund—Funds are invested in Beckman Coulter, Inc. common stock.

 

Interest Income Fund—Funds are invested in a portfolio of group annuity contracts issued by major insurance companies and investment contracts with banks.  The fund is managed by Dwight Asset Management.

 

Blue Chip Growth Fund—Funds are invested in large and medium-sized companies that the fund manager believes are well established and have the potential for above-average growth.  The fund is managed by T. Rowe Price.

 

Vanguard Institutional Index Fund—Funds are invested in all of the stocks included in the Standard & Poor’s (“S&P”) 500 Index in approximately the same proportions as they are represented in the S&P 500 Index.  The fund is managed by the Vanguard Group.

 

International Stock Fund—Funds are invested in stocks and other equity-based forms of investments in companies operating principally outside the United States.  The fund is managed by T. Rowe Price.

 

Mid-Cap Growth Fund—Fund seeks long-term growth by investing in the common stocks of medium-sized companies.  The fund is managed by T. Rowe Price.

 

Personal Strategy Balanced Fund—Fund seeks long-term capital appreciation and income by investing in stocks, bonds and money market securities.  The fund is managed by T. Rowe Price.

 

Personal Strategy Growth Fund—Fund seeks long-term capital appreciation and, secondarily, income by investing in stocks, bonds and money market securities.  The fund is managed by T. Rowe Price.

 

Personal Strategy Income Fund—Fund seeks to provide income and, secondarily, long-term capital appreciation by investing in stocks, bonds and money market securities.  The fund is managed by T. Rowe Price.

 

Washington Mutual Investors Fund—Fund seeks current income and the opportunity for growth of principal by investing primarily in common stocks of larger, more established U.S. companies that meet certain strict requirements regarding, for example, stock exchange listing, earnings and dividends.

 

Neuberger Berman Genesis Fund—Fund seeks growth of capital and invests mainly in common stocks of small-capitalization companies.  The managers seek undervalued companies whose current product lines and balance sheets are strong.  The fund regards companies with market capitalizations of up to $1.5 billion at the time of investment as small-cap companies

 

Tradelink+ Fund—In addition to the investment funds listed above, employees may also transfer funds to Tradelink+.  Tradelink+ offers discount brokerage services that participants can invest in individual stocks, bonds, mutual funds and other securities.  Participants may transfer a minimum of $2,500 to a maximum of 50% of their overall Plan balance, less any outstanding loan amounts.

 

5



 

Transfers to the fund can be performed at any time, but may not be made from funds which have come from Company matching contributions.  Funds may be transferred out of the fund to any of the other 11 funds at any time.

 

Participant Loans—Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50% of their account balance.  Repayment is generally required within five years or up to 15 years for the purchase of a principal residence.  The loans are secured by the balance in the participant’s account and bear interest at prime rate plus 1%, determined at the beginning of each quarter (5.75% at December 31, 2002, for new loans).

 

Participant Accounts—Each participant’s account is credited with:  (a) the participant’s contributions, (b) the Company’s contributions, and (c) Plan earnings.  The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested balance.

 

Benefits and Vesting—Participants become entitled to payment of the total vested value of their accounts at the time of termination, retirement, permanent layoff, permanent disability or death.  If total vested value is greater than $5,000, the participants may elect to postpone their distribution until the year following the year they attain age 70½.

 

Participants’ interests in the Company’s contributions, income, gains and losses on investments become fully vested immediately upon enrolling in the Plan, except for Retirement Plus contributions, which vest after five years of employment.  Participants also become fully vested in Retirement Plus upon reaching normal retirement age, death or permanent disability.  Participants immediately vest in the value of their own contributions.

 

Benefits Payable—At December 31, 2002 and 2001, the amounts of benefits payable to participants who have withdrawn from participation in the Plan were $8,000 and $210,000, respectively.  Such amounts are not considered liabilities for financial reporting purposes and, accordingly, the balances are not included in the deductions from Plan assets attributed to distribution of benefits for the years ended December 31, 2002 and 2001.

 

Continuation of the Plan—The Company anticipates and believes the Plan will continue without interruption but reserves the right to discontinue the Plan.  If the Plan is terminated by the Company, the accounts of all affected participants become 100% vested and nonforfeitable without regard to the years of service of participants.

 

Risks and Uncertainties—The Plan provides for various investment options in any combination of equity, fixed-income and other investment securities.  Investment securities are exposed to various risks, such as interest rate, market and credit.  Due to the level of risk associated with certain investment securities and the level of uncertainty related to changes in the value of investment securities, it is at least reasonably possible that changes in risks in the near term could materially affect participants’ account balances and the amounts reported in the statements of net assets available for benefits and the statement of changes in net assets available for benefits.

 

2.                   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Basis of Presentation—The accompanying financial statements have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America.

 

6



 

Investment Valuation—Investments are stated at fair value except for guaranteed investment contracts, which are stated at contract value (Note 3).  The fair value of the common stock is based on quotations obtained from national securities exchanges on the last business day of the Plan year.  The fair values of the mutual funds and commingled funds are based on the net asset value reported by the funds.  The purchases and sales of securities are recorded as of the date of trade.  The average cost method is used in determining gains and losses on the sales of securities.

 

Administrative Expenses—Principally all of the Plan’s administrative expenses are paid by the Company.  The Company has elected to pay these administrative expenses on behalf of the Plan, but reserves the right to change this election.  Such expenses amounted to approximately $157,000 for the year ended December 31, 2002.

 

Cash and Cash Equivalents—The Plan considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.

 

3.                   VALUATION OF INVESTMENT CONTRACTS

 

The Plan’s investment contracts are fully benefit-responsive and have an estimated fair value that equals their contract value of $232,743,922 and $207,436,873 at December 31, 2002 and 2001, respectively.  The Plan’s investment contracts yield an average return of 6.1% and earn interest at rates ranging from 5.34% to 7.20% at December 31, 2002 and from 5.55% to 7.20% at December 31, 2001.

 

4.                   ASSETS HELD FOR INVESTMENT

 

Information regarding assets held for investment as of December 31, 2002 and 2001 is as follows:

 

 

 

2002

 

2001

 

 

 

Cost

 

Fair/Contract
Value

 

Cost

 

Fair/Contract
Value

 

 

 

 

 

 

 

 

 

 

 

Common stock:

 

 

 

 

 

 

 

 

 

Beckman Coulter, Inc.

 

$

53,366,404

 

$

63,131,709

 

$

44,228,361

 

$

87,831,997

 

 

 

 

 

 

 

 

 

 

 

Mutual funds:

 

 

 

 

 

 

 

 

 

Blue Chip Growth Fund

 

183,734,059

 

137,843,049

 

198,290,754

 

192,811,412

 

Vanguard Institutional Index Fund

 

61,780,294

 

48,363,966

 

62,691,826

 

62,401,323

 

International Stock Fund

 

15,942,556

 

10,161,048

 

16,109,225

 

11,947,202

 

Mid-Cap Growth Fund

 

45,505,985

 

38,277,848

 

46,946,210

 

49,549,179

 

Personal Strategy Balanced Fund

 

64,184,468

 

56,964,739

 

66,488,029

 

65,016,820

 

Personal Strategy Growth Fund

 

13,035,219

 

10,882,731

 

11,766,658

 

11,102,395

 

Personal Strategy Income Fund

 

9,598,112

 

8,979,336

 

8,188,623

 

8,042,500

 

Washington Mutual Investors Fund

 

3,079,621

 

2,714,807

 

995,767

 

1,005,811

 

Neuberger Berman Genesis Fund

 

9,597,467

 

9,075,280

 

1,692,061

 

1,768,228

 

 

 

 

 

 

 

 

 

 

 

Total mutual funds

 

406,457,781

 

323,262,804

 

413,169,153

 

403,644,870

 

 

7



 

 

 

2002

 

2001

 

 

 

Cost

 

Fair/Contract
Value

 

Cost

 

Fair/Contract
Value

 

 

 

 

 

 

 

 

 

 

 

Other investments:

 

 

 

 

 

 

 

 

 

Tradelink+ Fund

 

$

4,361,938

 

$

4,361,938

 

$

6,017,772

 

$

6,017,772

 

 

 

 

 

 

 

 

 

 

 

Participant loans receivable

 

15,884,666

 

15,884,666

 

15,453,647

 

15,453,647

 

 

 

 

 

 

 

 

 

 

 

Interest income fund:

 

 

 

 

 

 

 

 

 

Guaranteed investment contracts:

 

 

 

 

 

 

 

 

 

Monumental MDA00248

 

7,018,425

 

7,018,425

 

7,018,079

 

7,018,079

 

Canada Life—P46104

 

6,014,618

 

6,014,618

 

6,013,642

 

6,013,642

 

Principal Life—4.47946

 

6,331,073

 

6,331,073

 

6,007,257

 

6,007,257

 

John Hancock—GIC 15060

 

3,010,877

 

3,010,877

 

3,010,304

 

3,010,304

 

John Hancock—GIC 15061

 

7,025,039

 

7,025,039

 

7,023,719

 

7,023,719

 

GE Life & Annuity—GS 3175

 

4,197,277

 

4,197,277

 

7,953,153

 

7,953,153

 

New York Life—GA 31042

 

 

 

 

 

10,195,532

 

10,195,532

 

 

 

 

 

 

 

 

 

 

 

 

 

33,597,309

 

33,597,309

 

47,221,686

 

47,221,686

 

 

 

 

 

 

 

 

 

 

 

Synthetic guaranteed investment contracts:

 

 

 

 

 

 

 

 

 

CDC Financial Products Contract
FP1062-01

 

62,314,585

 

62,314,585

 

58,784,725

 

58,784,725

 

State Street Synthetic—Contract 97077

 

52,047,140

 

52,047,140

 

49,098,888

 

49,098,888

 

Transamerica Life Contract 76850

 

55,471,303

 

55,471,303

 

52,331,574

 

52,331,574

 

 

 

 

 

 

 

 

 

 

 

 

 

169,833,028

 

169,833,028

 

160,215,187

 

160,215,187

 

 

 

 

 

 

 

 

 

 

 

Collective investment trust:

 

 

 

 

 

 

 

 

 

SEI Stable Asset Fund

 

29,313,585

 

29,313,585

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total interest income fund

 

232,743,922

 

232,743,922

 

207,436,873

 

207,436,873

 

 

 

 

 

 

 

 

 

 

 

Total assets held for investments

 

$

712,814,711

 

$

639,385,039

 

$

686,305,806

 

$

720,385,159

 

 

5.                   TAX STATUS

 

The Internal Revenue Service has determined and informed the Company by letter, dated August 28, 2002, that the Plan and related trust are designed in accordance with the applicable sections of the Internal Revenue Code.

 

* * * * * *

 

8



 

SUPPLEMENTAL SCHEDULE

 

9



 

BECKMAN COULTER, INC. SAVINGS PLAN

 

SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
DECEMBER 31, 2002

 

Description of Investment

 

Shares
or Units

 

Cost

 

Current
Value

 

 

 

 

 

 

 

 

 

COMMON STOCK—
Beckman Coulter, Inc.

 

2,138,608

 

$

53,366,404

 

$

63,131,709

 

 

 

 

 

 

 

 

 

MUTUAL FUNDS:

 

 

 

 

 

 

 

BLUE CHIP GROWTH FUND—
T. Rowe Price Blue Chip Growth Fund

 

6,279,866

 

183,734,059

 

137,843,049

 

 

 

 

 

 

 

 

 

INDEX FUND—
Vanguard Institutional Index Fund

 

601,168

 

61,780,294

 

48,363,966

 

 

 

 

 

 

 

 

 

INTERNATIONAL STOCK FUND—
T. Rowe Price International Stock Fund

 

1,144,262

 

15,942,556

 

10,161,048

 

 

 

 

 

 

 

 

 

MID-CAP GROWTH FUND—
T. Rowe Price Mid-Cap Growth Fund

 

1,233,178

 

45,505,985

 

38,277,848

 

 

 

 

 

 

 

 

 

PERSONAL STRATEGY BALANCED FUND—
T. Rowe Price Personal Strategy Balanced Fund

 

4,197,844

 

64,184,468

 

56,964,739

 

 

 

 

 

 

 

 

 

PERSONAL STRATEGY GROWTH FUND—
T. Rowe Price Personal Strategy Growth Fund

 

719,282

 

13,035,219

 

10,882,731

 

 

 

 

 

 

 

 

 

PERSONAL STRATEGY INCOME FUND—
T. Rowe Price Personal Strategy Income Fund

 

748,278

 

9,598,112

 

8,979,336

 

 

 

 

 

 

 

 

 

WASHINGTON MUTUAL INVESTORS FUND

 

115,475

 

3,079,621

 

2,714,807

 

 

 

 

 

 

 

 

 

NEUBERGER BERMAN GENESIS FUND

 

322,505

 

9,597,467

 

9,075,280

 

 

 

 

 

 

 

 

 

Total mutual funds

 

15,361,858

 

406,457,781

 

323,262,804

 

 

 

 

 

 

 

 

 

OTHER INVESTMENTS—
Tradelink+ Fund

 

4,361,938

 

4,361,938

 

4,361,938

 

 

10



 

Description of Investment

 

Interest
Rate

 

Maturity
Date

 

Cost

 

Current
Value

 

 

 

 

 

 

 

 

 

 

 

INTEREST INCOME FUND—
Guaranteed investment contracts:

 

 

 

 

 

 

 

 

 

Monumental—MDA00248

 

6.18

%

Various

 

$

7,018,425

 

$

7,018,425

 

Canada Life—P46104

 

6.10

%

Various

 

6,014,618

 

6,014,618

 

Principal Life—4.47946

 

5.67

%

March 15, 2007

 

6,331,073

 

6,331,073

 

John Hancock—GIC 15060

 

7.20

%

December 15, 2003

 

3,010,877

 

3,010,877

 

John Hancock—GIC 15061

 

7.10

%

December 15, 2003

 

7,025,039

 

7,025,039

 

GE Life & Annuity—GS 3175

 

5.55

%

Various

 

4,197,277

 

4,197,277

 

 

 

 

 

 

 

 

 

 

 

Total guaranteed investment contracts

 

 

 

 

 

33,597,309

 

33,597,309

 

 

 

 

 

 

 

 

 

 

 

Synthetic guaranteed investment contracts:

 

 

 

 

 

 

 

 

 

CDC Financial Products—
Contract FP1062-01

 

6.32

%

Evergreen

 

62,314,585

 

62,314,585

 

State Street Synthetic—
Contract 97077

 

6.32

%

Evergreen

 

52,047,140

 

52,047,140

 

Transamerica Life—
Contract 76850

 

6.32

%

Evergreen

 

55,471,303

 

55,471,303

 

Total synthetic guaranteed investment contracts

 

 

 

 

 

169,833,028

 

169,833,028

 

 

 

 

 

 

 

 

 

 

 

Collective investment trust:

 

 

 

 

 

 

 

 

 

SEI Stable Asset Fund

 

5.34

%

Evergreen

 

29,313,585

 

29,313,585

 

 

 

 

 

 

 

 

 

 

 

Total interest income fund

 

 

 

 

 

232,743,922

 

232,743,922

 

 

 

 

 

 

 

 

 

 

 

PARTICIPANT LOANS RECEIVABLE
(interest rates ranging from 5.75% to 13.75%)

 

 

 

 

 

15,884,666

 

15,884,666

 

 

 

 

 

 

 

 

 

 

 

Total investments

 

 

 

 

 

$

712,814,711

 

$

639,385,039

 

 

(Concluded)

 

11



 

SIGNATURES

 

The Plan.    Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the Plan) have duly caused this annual report to be signed by the undersigned hereunto duly authorized.

 

 

 

 

BECKMAN COULTER, INC.
SAVINGS PLAN

 

 

 

 

By:

Beckman Coulter, Inc.

 

 

Benefits Finance and Administration Committee

 

 

 

Date:  June 25, 2003

By:

/s/ Amin Khalifa

 

 

 

Amin Khalifa

 

Its:

Committee Member

 



 

INDEX TO EXHIBITS

 

Exhibit
Number

 

Description

 

 

 

23.1

 

Consent of Deloitte & Touche, LLP