Motorola 1999 Annual Report Download - page 23

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(In millions, except per share amounts)
Years Ended December 31
CONSOLIDATED STATEMENTS
OF OPERATIONS
1999 1998 1997
Net sales $30,931 $29,398 $29,794
Costs and expenses
Manufacturing and other costs of sales 19,169 18,043 17,283
Selling, general and administrative expenses 5,045 5,443 5,160
Restructuring and other charges (226) 1,980 327
Research and development expenditures 3,438 2,893 2,748
Depreciation expense 2,182 2,197 2,329
Interest expense, net 155 216 131
Total costs and expenses 29,763 30,772 27,978
Earnings (loss) before income taxes 1,168 (1,374) 1,816
Income tax provision (benefit) 351 (412) 636
Net earnings (loss) $÷«÷817 $÷÷(962) $««1,180
Basic earnings (loss) per common share $÷««1.35 $÷«(1.61) $««««1.98
Diluted earnings (loss) per common share $÷««1.31 $÷«(1.61) $««««1.94
Basic weighted average common shares outstanding 606.4 598.6 595.5
Diluted weighted average common shares outstanding 624.7 598.6 612.2
See accompanying condensed notes to consolidated financial statements.
MOTOROLA, INC. AND SUBSIDIARIES 22