Motorola 2002 Annual Report Download - page 24

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22 Motorola, Inc. and Subsidiaries
(In millions, except per share amounts)
Years Ended December 31 2002 2001 2000
Net sales $ 26,679 $ 29,873 $ 37,346
Costs of sales 17,938 22,661 25,168
Gross margin 8,741 7,212 12,178
Selling, general and administrative expenses 4,203 4,723 5,733
Research and development expenditures 3,754 4,318 4,437
Reorganization of businesses 1,764 1,858 596
Other charges 833 2,116 517
Operating earnings (loss) (1,813) (5,803) 895
Other income (expense):
Interest expense, net (356) (413) (171)
Gains on sales of investments and businesses, net 96 1,931 1,570
Other (1,373) (1,226) (63)
Total other income (expense) (1,633) 292 1,336
Earnings (loss) before income taxes (3,446) (5,511) 2,231
Income tax provision (961) (1,574) 913
Net earnings (loss) $ (2,485) $ (3,937) $ 1,318
Earnings (loss) per common share:
Basic $ (1.09) $ (1.78) $ 0.61
Diluted (1.09) (1.78) 0.58
Weighted average common shares outstanding:
Basic 2,282.3 2,213.3 2,170.1
Diluted 2,282.3 2,213.3 2,256.6
CONSOLIDATED STATEMENTS OF OPERATIONS