Motorola 2002 Annual Report Download - page 30

Download and view the complete annual report

Please find page 30 of the 2002 Motorola annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 48

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48

28 Motorola, Inc. and Subsidiaries
Ongoing
Special Excluding Exited Operations
(In millions, except per share amounts) GAAP Items Special Business Excluding
Year Ended December 31, 2001 Results Inc / (Exp) Items Inc / (Exp) Special Items
Net sales $ 29,873 $ — $ 29,873 $ 553 $ 29,320
Costs of sales 22,661 (1,081) 21,580 (386) 21,194
Gross margin 7,212 (1,081) 8,293 167 8,126
Selling, general and
administrative expenses 4,723 (125) 4,598 (107) 4,491
Research and development expenditures 4,318 — 4,318 (31) 4,287
Reorganization of businesses 1,858 (1,858) — — —
Other charges 2,116 (2,116) — — —
Operating earnings (loss) (5,803) (5,180) (623) 29 (652)
Other income (expense):
Interest expense, net (413) (22) (391) (6) (385)
Gains on sales of investments
and businesses, net 1,931 1,931 — — —
Other (1,226) (1,212) (14) — (14)
Total other income (expense) 292 697 (405) (6) (399)
Earnings (loss) before income taxes (5,511) (4,483) (1,028) 23 (1,051)
Income tax provision (1,574) 1,227 (347) (7) (354)
Net earnings (loss) $ (3,937) $ (3,256) $ (681) $ 16 $ (697)
Loss per common share
Basic $ (1.78) $ (0.31)
Diluted $ (1.78) $ (0.31)
CONSOLIDATED STATEMENTS OF OPERATIONS
EXCLUDING SPECIAL ITEMS AND CERTAIN EXITED BUSINESSES