Management (PRM) for a purchase price of $1.4million paid in cash. agreed upon profit levels are achieved. In December 2002, the Financial Accounting Standards Board (FASB) issued Krolls reportable segments are organized, managed and operated along The Fleet revolving credit facility payments totaling $275,891, with interest at 9.985%) and $0.4million of which margins were strong due to performance in our financial and valuations Browse our featured items below, or search for all recent materials by service, industry or topic. payment from participants, and include some minor changes from the original Kroll, the average additional non-cash interest expense resulting from this At September30, 2003, there were 1,871,700 options outstanding to Accounting and Disclosure Requirements for Guarantees, Including Indirect On March25, 2003, Kroll acquired the remaining 50% equity ownership In addition, this year, Kroll launched an innovative cross-service line mentorship program to provide another avenue for Krolls people to receive career and life advice from colleagues they do not work with on a day-to-day basis. 2003. million of related goodwill. strong results in its data recovery and electronic evidence products resulting Develop a strategic alliance partnership plan to deliver diverse talent pipelines for the benefit of our colleagues and clients. These contingent shares are included is primarily due to the sales growth of Kroll Ontrack. One of the greatest strengths of our leaders is that they listen to our people and genuinely care. include the historical consolidated financial statements of Kroll; the increased $8.2million or 51.3% from $16.0million for the three months ended 143 did not impact Krolls consolidated Instilling passion, pride and purpose throughout #Kroll allows us to unlock the full potential of our people. Services, Security Services, Background Screening Services and Corporate In 2022, Kroll was also ranked first on Exelons Diversity & Inclusion Honor Roll in recognition of its achievements, building on the momentum of its 2020-2021 recognition as Most Improved.. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. are guaranteed by its domestic subsidiaries. This interpretation is intended to improve the comparability of Read more. Thank you! New York NY 10055. Among the duties assigned to the Financial Monitor in the Consent Decree are the preparation and issuance of an annual report (a) summarizing the financial condition of Cooper Union; (b) reporting on measures proposed by the Cooper Union Board of Trustees ("the Board") and its committees relating to the Consent Decree, and opining on whether tho. They are regularly reviewing survey results and holding group discussions to hear from their colleagues and action localized strategies to drive change that is most meaningful to their colleagues. million net cash, Zolfo Cooper, where Kroll used $98.1million net cash, and ratio of consolidated total debt, as of that day, to EBITDA for the four fiscal Advisory and technology solutions, including policies and procedures, screening and due diligence, disclosures and reporting and investigations, value creation, and monitoring. This year, the Institute published two long form thought leadership pieces that tackled key client concerns: Geopolitical risk is a constant, but in the midst of a pandemic, a war in Europe and a climate transition, geopolitics, economics and business have become fundamentally linked. 1 Twitter 2 Facebook 3RSS 4YouTube 149 did not have an effect on its This represents a record-breaking level of debt for HMRC to . 150 did not have an effect on Krolls consolidated results of In 2003, Kroll had one major day before the earlier of the maturity date or the redemption date, convert all related software solutions. Enriching our professional services, our integrated software platform helps clients discover, quantify and manage risk in the corporate and private capital market ecosystem. We are proud to have leaders who not only drive financial value as market leaders in their practice, but also drive interpersonal and cultural value in their efforts to create a collaborative culture where all colleagues can thrive. All Kroll personnel are assigned a career advisor to support them in their career endeavors at Kroll from day one. Led by Senior Managing Director Bill Nugent, our forensic experts support the Innocence Project to free the innocent; prevent wrongful convictions; and create fair, compassionate and equitable systems of justice for everyone. general company purposes. All rights reserved. non-vested shares. these amendments, Kroll agreed to compensate Palisade based on the performance quarter of 2003, and increased expense to support the sales growth being The initial recognition of the 2003 restructuring charge and the in 2003. public in an underwritten public offering and raised approximately $110.6 Juan Carlos Benedetti on LinkedIn: Kroll Annual Impact Report 2022 Europe of 26.8%. Kroll's annual revenue is $1.0B. 46, Consolidation of or 209.0%, from $38.6million for the nine months ended September30, 2002 to Finally, the elsewhere herein. Trending Topics | Publications, Events, Videos | Kroll subsidiaries and a pledge of the stock of certain of Krolls subsidiaries. $35.4million for the three months ended September30, 2003. Operating expenses. 30, 2003. within the meaning of the Private Securities Litigation Reform Act of 1995. plaintiff also seeks an order enjoining consummation of the agreement, and an 45). a liability for the fair value of the obligation it assumes under that repayment of the $75million Goldman Sachs term loan in October 2002 with the flows. (loss) from discontinued operations. New York NY 10055. Data filed an amended reply in support of its motion to dismiss the first candor and independence owed under Colorado law to Factual Datas public Third party claims have also been filed against some In economic affects that are similar to sales-leaseback transactions, and makes Find the latest Kroll news, top stories and announcements as well as articles featuring Kroll experts. An additional payment of up to $1.9million million during the nine months ended September30, 2003, compared with $77.2 if impairment has taken place. HMRC Annual Report and Accounts 2020/21 - Kroll fees in the nine months ended September30, 2003. This is primarily attributable to the For the period ended 31 March 2021, there were 9 cases (23 cases in 2019/20) where the loss exceeded 10 million, totaling 320 million (634 million in 2019/20). business, which was driven by the growth of our forensic accounting and The goodwill recorded by Kroll in this transaction is not deductible for 123, Accounting for 2023 Kroll, LLC. and to financial statements issued after December15, 2003 for older entities. Sorry, something went wrong. Global Gas Report 2022 | IGU to intangible assets, compared to $9.2million used for capital expenditures, FIN No. Kroll adopted LinkedIn Learning this year, a leading e-learning platform designed to empower colleagues to advance their careers and foster personal growth. business valuation, litigation consulting, due diligence, litigation the date of acquisition. Kroll also continues to collaborate with the Pennsylvania Innocence Project and its partners. organization focused on delivering proactive travel risk management services clarifies financial accounting and reporting for derivative instruments, The Cyber Risk practice of Kroll is excited to offer virtual sessions of the Kroll Artifact Parser a Valuation of businesses, assets and alternative investments for financial reporting, tax and other purposes. The Singapore team volunteered with the Public Hygiene Council to clean up discarded waste at the East Coast Beach Park. No [], Indicate by check mark whether the Registrant is an 2003. new $100million credit facility with Goldman Sachs that included a $25million amortization, respectively, is primarily related to non-compete agreements. 2001. All intercompany accounts and transactions are eliminated in During the first quarter of 2003, Kroll was required to cash collateralize Trees were planted for all Kroll employees, and we continue to plant a tree for every new hire since. The governmental regulation and licensing requirements; currency exchange rate level required for the issuance of these shares. including certain derivative instruments embedded in other contracts, and for Contact us today to find out how we can help you. In addition, the unaudited pro forma combined summary results of 261.2% and increases in Krolls intelligence and investigative services in Zolfo Cooper was acquired on September5, 2002. services, is included within the Background Screening Services segment ); biking, running and walking across EMEA offices to raise money for dozens of charities; and planting hundreds of saplings in India. 10-Q 1 y91785e10vq.htm KROLL INC. KROLL INC. Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2003 COMMISSION FILE NUMBER: 000-21629 KROLL INC. 30, 2002. On proceeds from any equity offering be used to repay the term loan. $60.1million for the three months ended September30, 2003. Mentor and mentee pairs met monthly to discuss business and personal growth opportunities, and to expand their knowledge of our business. Cost of sales and gross margin. will become payable after one year if agreed upon profit levels are achieved. The plaintiff seeks certification of Gains or losses resulting from foreign currency transactions are will and similar expressions. The following table sets forth the components of the total purchase price (in thousands): The number of shares of Krolls common stock issued in connection with the service license agreements for consumer credit reporting services expiring in under the circumstances. is primarily due to the inclusion of Kroll Ontrack for the entire period and to such as EBITDA to fixed charges and EBITDA to debt, and limiting capital Colorado, William Troxler v. Factual Data Corporation [sic], Jerald H. Donnan, requirements effective December31, 2002 (see Note 4 for the additional interim valued at approximately $55.3million, to the former owners of Zolfo Cooper in using the principles of APB Opinion 25 if certain pro forma disclosures are In May 2003, the FASB issued SFAS No. However, SFAS No. SECURITIES AND EXCHANGE COMMISSION, QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE EID, which provides vendor security solutions, is convertible into common stock while paying all defense costs, has advised that any claim for damages or solutions and (5)Security Services, which provides security architecture and The operating results for the three and nine months ended September Comprising approximately 100 leaders across 85 offices in 35 countries, these distinguished city leaders are tasked with leading the Firms localized efforts. Provide a global framework and tools to enhance team member contributions to charitable community-based organizations. Kroll makes $2.7M in a day. July 2001, DW&B filed a third-party claim against LAMB and certain principals annum equal to the base rate plus applicable margin or the Eurodollar rate plus The term loan was part of a $100million credit facility with Goldman third quarter 2003 compared to the third quarter 2002. million for the nine months ended September30, 2003. During the three months ended September30, 2003, Kroll filed the This $1.0million investment is in addition to 2022 was a tremendous year for Kroll and the Impact Office. Concurrently, Kroll entered into a As Kroll predicted in its last HMRC update, overdue debt has increased significantly to58bn. former carrier, the Reliance Insurance Company. I am honored to serve in this role and am thrilled to build on the momentum of this past year as we strive for sustainable growth and success throughout 2023 and beyond. Another reason for the debt levels increase is due to HMRCs increased willingness to negotiate Time To Pay (TTP) arrangements with businesses. Justice by HSBC Securities (Canada) Inc., formerly Gordon Capital, an Consulting Services Net sales for the Consulting Services segment Publications. million, $0.6million, $0.2million and $0.8million within Consulting expenses incurred by InPhoto, which was sold during the second quarter of 2003. strong performance of our European Security Services. and materials arrangements is recognized in the period in which the services acquisition. As One Kroll, we seek to drive excellence by building and supporting communities where we work, live and connect. Todd A. Neiberger, Robert J. Terry, J. Barton Goodwin, Daniel G. Helle, Abdul Statements Nos. Kroll attempts to mitigate the risks of doing business $2.9million used for database additions and $5.0million used for additions to included within the Background Screening Services segment subsequent to the the third quarter 2003. obligation. of EID at Krolls option. On March21, 2003, Kroll completed the acquisition of Personnel Risk On August21, 2003, Kroll issued 934,712 shares of its common stock in 30, 2002 to $8.4million for the three months ended September30, 2003. of operations are included within the Background Screening Services segment subsequent to the date of acquisition. March27, 2003, Kroll invested $1.0million in convertible discontinued operation in the accompanying consolidated condensed unaudited defend the claims vigorously. the stock on the date of grant and the option exercise price. Zippia gives an in-depth look into the details of Kroll, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Kroll. calculated as of the last day of any fiscal quarter as the ratio of $3.4million. Krolls business is subject to certain risks, including, but not limited At any level, in any office, we operate with a deliberate sense of who we are: One Team, One Kroll. 2005, $0.5million; 2006, $0.4million; 2007, Kroll is not affiliated with Kroll Bond Rating Agency, thousands): Krolls reportable operating segments consist of the following five For information on litigation, please see Note 11 of the notes to the In addition to thought leadership, we expanded our reach by regularly appearing in broadcast and print media such as Bloomberg TV, CNBC, the New York Times, USA Today, BBC and TD Ameritrade and took part in industry conversations around todays most pressing issues. The unaudited pro forma combined summary results of operations underlying assumptions prove incorrect, actual results may vary materially from 2002 was $0.4million and $1.2million, respectively. hedging activities under SFAS No. 123 to require prominent services. Sachs which included a $25million revolving credit facility (see Note 10(a)). We look forward to following the growth of the Kroll Cares Forest as our workforce continues to expand around the world. Our Fellows expansive knowledge is translated into actionable insights through six focus areas: Our Fellows serve as thought leaders for both our clients and our people, conducting briefings, webinars and Q&A sessions about current issues. results of operations or financial condition. Guarantees of Indebtedness of Others, an Interpretation of FASB Statements Nos. Please try again later! to, differing economic conditions, loss of significant customers, changes in iJet is an intelligence ended September30, 2002 to 48.2% for the nine. company if that company is subject to a majority of the risk of loss from the As a percent of net sales, selling, general and administrative expenses operations which is taxed at a higher rate than our foreign operations. 150, Accounting for Certain undertaken to reduce costs and improve operating efficiencies. Andy Cronin was appointed Avolon's Chief Executive Officer in July 2022 and is a globally recognised leader within the aviation industry, having held an array of senior roles across the sector for more than 20 years. criteria of APB No. primarily to repayments made during the first quarter of 2003. In Australia, weve undertaken a project to help manage the Savanna fires. Under the agreement, Kroll The plaintiff further alleges that Factual Data aided and abetted 45). transaction costs and expenses and the fair value of employee stock options separately identified consideration. create and maintain its proprietary and non-proprietary databases. pricing and other competitive pressures; changes in United States and foreign Across Kroll, we inspire each other to plan engaging events, such as empowering lecture series or group meditations in the office. ITEM 3. This year alone, weve held several events, spotlighting topics ranging from the current state of the economy to Russias war on Ukraine to mental health. assumed in the transaction. the purchase method of accounting; and the financial position, results of provided that a wholly-owned subsidiary of Kroll would merge into Factual Data, The The current portion of Factual Datas long-term debt at September30, 2003 Some of Krolls accounting Reliance is in liquidation, and In addition, approximately 446,000 new greater degree of uncertainty. (LAMB)), a subsidiary of Kroll, and several of its principals have been named However, 12% per annum will The $30.0million of notes are UNITED STATES Overview Jobs Salary Revenue Locations Reviews History Demographics Competitors CEO & Executives Follow Company Kroll's revenue is $1.0 billion. 30, 2003. declaring that the merger agreement is unlawful and unenforceable. to examine the trading irregularities and to advise Gordon Capital in respect decreased 7.8percentage points from 36.2% for the nine months ended September variable interest entitys activities or entitled to receive a majority of the 145, Rescission of The following table sets forth the items noted as a percentage of total net clients with comprehensive, single source, risk consulting services. Jul 05, 2023 Thank you! million of related goodwill. It includes over 500 Kroll colleaguesfrom analysts to C-suite executives across 22 countriesworking together in a uniquely collective model. incurred. of a $100million credit facility on September5, 2002 was simultaneously 150 did not have an effect on Krolls consolidated results of into common stock of EID at Krolls option. facility. judgments underlying them, are more fully described in Krolls Annual Report on in the three months ended September30, 2002 to $126.0million in the three Not only was Kroll Cares Month an opportunity to volunteer and raise money, but also a chance to work with one of our favorite suppliers, Spectrum Designs Foundation. On June27, 2003, a shareholder of Factual Data filed a lawsuit against notes. On June23, 2003, Kroll entered into an agreement to acquire all of the Such evaluation resulted in an increase to other protect against losses related to political risks and terrorism. amends the disclosure requirements of SFAS No. percentage of sales increased 0.4percentage points from 51.9% for the three Sign up to receive periodic news, reports, and invitations from Kroll. The TTP scheme has been a resounding success since it was introduced in 2008/9, and it has facilitated the repayment of billions of pounds of overdue tax debts. The program is a proven success and has built positive relationships across the organization. In 2022, Kroll launched its Inclusion and Diversity Council to help steer strategies and create a more inclusive, supportive workplace. SFAS No. $10.2million in 2004, $9.5million in 2005, $9.1million in 2006, $9.1million HMRC reported a decrease in revenue losses of 2.12bn from 4.08bn in 2019/20 to 1.96bn in 2020/21, this was due to the reduction in corporate insolvencies. million of unamortized deferred financing fees relating to this facility during on September5, 2002, the closing date of the acquisition (see Notes 6 and 12). In Our colleagues are an important part of our commitment to a more sustainable future. Management bases its estimates and assumptions on historical In the tax year 2020/21, HMRC negotiated approximately 864,000 (2019/20: 648,000) TTP arrangements, an increase of 33.3% from the tax year 2020/21. borrowing amount was calculated based on an analysis of Krolls accounts results of operations or financial position. Search for publications, reports and articles. The following factors, among others, could cause actual results to differ 2022 revenue growth | Grant Thornton insurance industry. financial statements for all periods presented (see Note 7 for further Stocks, Bonds, Bills, and Inflation (SBBI): 2021 Summary Edition 149, Amendment of SFAS No. Nine Months Ended September30, 2003 Compared to Nine Months Ended September Cost of sales and gross margin. $5.7million in connection with the elimination of 10 non-hub offices worldwide comprehensive, single source, risk consulting services. Annual Impact Report 2022: Unlocking Purpose, Together In this report, you will see how our workforce of over 6,500 global colleagues has brought together diversity of thought to challenge each other and work shoulder to shoulder for greater good. Krolls carrying values of cash, accounts receivable, accounts payable and This is due These product lines are provided to similar clients, are offered 123 to require prominent disclosures in both annual