Motorola 2000 Annual Report Download

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something big is
happening
2000 Summary Annual Report

Table of contents

  • Page 1
    something big is 2000 Summary Annual Report happening

  • Page 2
    houses are talk A broadband communications gateway, feeding information to the family PC, telephone, cable television, even the home security and climate control systems. We're making it happen.

  • Page 3
    ing to computers

  • Page 4
    magazines are talking Embedded Web codes. Wireless phones and other mobile devices scanning and reading printed material, then linking to the Internet for more information or to make a purchase. Automatically, anyplace in the world. We're making it happen.

  • Page 5
    to wireless phones

  • Page 6
    cars are talking

  • Page 7
    to the Internet Information and content to the vehicle through Telematics. Internet. E-mail. Diagnostics. Navigation. Smart, simple and synchronized. We're making it happen.

  • Page 8
    it's already We have entered the era in which things don't just One company 6 MOTOROLA, INC.

  • Page 9
    begun think, but share what they know with each other. is at the heart of making it happen. MOTOROLA, INC. 7

  • Page 10

  • Page 11
    ... with less hassle, amplifying human capability while simplifying technological complexity. Intelligence Everywhere Devices in all walks of TM life - in your home, in your office, in your automobile, in your pocket - are not just getting smarter, they're increasingly communicating with one another...

  • Page 12

  • Page 13
    ... transform business. Intelligence Everywhere TM The Web is central to mak- ing this enormous business opportunity happen, and Motorola is already there, with more than 80 percent of all Internet traffic passing through our communications processors. We expect the number of wireless phone users to...

  • Page 14
    ... wireless telephone, two-way radio and messaging products and systems, as well as networking and Internet-access products, for consumers, network operators, and commercial, government and industrial customers. • End-to-end systems for the delivery of interactive digital video, voice and high-speed...

  • Page 15
    ...1999 numbers are restated to reflect the merger with General Instrument Corporation and the 3-for-1 common stock split on June 1, 2000. MOTOROLA, INC. 13 Motorola's AccompliTM 008 wireless phone features a large touch screen display, intuitive user interface and high-speed Internet access through...

  • Page 16
    ... of General Instrument Corporation until its merger with Motorola in January 2000. The Networks Sector also reports to the Office of the Chairman. The Personal Communications Sector is going through a series of major transitions to improve its market share and financial performance. While sales...

  • Page 17
    With Motorola's V SeriesTM model V100 personal interactive communicator, users can select the way they want to communicate - whether it's through a phone call or a text message.

  • Page 18
    ... TV services like video-on-demand, e-mail and home shopping. The intelligent home of the future could have multiple TVs, phones and personal computers offering high-speed Internet access, telephony services and advanced interactive video simultaneously, all connected to home gateways from Motorola...

  • Page 19
    ... of Voice over Internet Protocol technology. The Commercial, Government and Industrial Solutions Sector provides mission-critical and enterprise communication solutions for workteams in market segments where Motorola has always been strong - from public safety and government to transportation and...

  • Page 20
    ...IESS focuses on automotive electronic subsystems, embedded high-availability board-level computer systems and portable energy systems. Sales increased 16% in 2000, while operating profit margin declined to 7%. IESS is investing heavily in Telematics, which began as an automotive safety and security...

  • Page 21
    ... networked solutions Mobile/smart phones Two-way messaging Cable/hybrid-fiber coaxial Cellular infrastructure Digital subscriber line Smart cards Bluetoothâ„¢ Private systems Aspira (new telecom IP network) Streamaster â„¢ Telematics Components and computing boards/modules/systems Energy products...

  • Page 22
    ...auditors' report The Board of Directors and stockholders of Motorola, Inc.: We have audited, in accordance with auditing standards generally accepted in the United States of America, the consolidated balance sheets of Motorola, Inc. and subsidiaries as of December 31, 2000 and 1999, and the related...

  • Page 23
    In millions, except per share amounts Years ended December 31, 2000 1999 1998 Consolidated statements of operations Net sales Costs and expenses Manufacturing and other costs of sales Selling, general and administrative expenses Research and development expenditures Depreciation expense ...

  • Page 24
    ...stock, $100 par value issuable in series Authorized shares: 0.5 (none issued) Common stock, $3 par value Authorized shares: 2000 and 1999, 4,200 Issued and outstanding: 2000...518 18,693 $40,489 22 MOTOROLA, INC. AND SUBSIDIARIES See accompanying condensed notes to consolidated financial statements.

  • Page 25
    ... of zero coupon notes Fair value adjustment to available for sale securities, net Change in foreign currency translation adjustments Minimum pension liability adjustment Issuance of common stock Stock options and other Dividends declared ($0.16 per share) Balances at December 31, 2000 Common Stock...

  • Page 26
    ... from (repayment of) commercial paper and short-term borrowings Proceeds from issuance of debt Repayment of debt Issuance of preferred securities of subsidiary trust Issuance of common stock Payment of dividends Net cash provided by financing activities Effect of exchange rate changes on cash...

  • Page 27
    ... accounting policies Basis of presentation: On January 5, 2000, Motorola, Inc. ("Motorola") completed its previously announced merger with General Instrument Corporation ("General Instrument") by exchanging 301 million shares (reflecting adjustment for the 3-for-1 common stock split described...

  • Page 28
    ... cash flows analysis. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. Fair values of financial instruments: The fair values of financial instruments are determined based on quoted market prices and market interest rates as of the end of the...

  • Page 29
    ... Segment combines the operations of General Instrument Corporation with the Company's cable modem and telephony business. In addition, the Integrated Electronic Systems Sector, which was previously included in the Other Products Segment, is now reported as a separate segment. Historical segment...

  • Page 30
    ... electronic systems and products for automotive, industrial, transportation, navigation, communication and energy systems markets. The Other Products segment is comprised primarily of the Personal Networks Group (which focuses on the development of servers, applications and Internet solutions...

  • Page 31
    ... information Net Sales 2000 1999 1998 2000 Operating Earnings (Loss) Before Taxes 1999 1998 Personal Communications Segment Global Telecom Solutions Segment Commercial, Government and Industrial Systems Segment Broadband Communications Segment Semiconductor Products Segment Integrated Electronic...

  • Page 32
    ...1999 1998 Personal Communications Segment Global Telecom Solutions Segment Commercial, Government and Industrial Systems Segment Broadband Communications Segment Semiconductor Products Segment Integrated Electronic Systems Segment Other Products Segment Segment totals General corporate Consolidated...

  • Page 33
    ... 8.4% $««3,107 10.5% $««2,572 8.7% 148 % % % % The number of stockholders of record of Motorola common stock on January 31, 2001 was 55,034. 1 Dividends declared from 1996 to 1999 were on Motorola shares outstanding prior to the General Instrument merger. MOTOROLA, INC. AND SUBSIDIARIES 31

  • Page 34
    ... Gamble Company Samuel C. Scott III Chairman of the Board and Chief Executive Officer, Corn Products International Gary L. Tooker Retired; formerly Chairman of the Board, Motorola, Inc. B. Kenneth West Senior Consultant for Corporate Governance to Teachers Insurance and Annuity Association, College...

  • Page 35
    ... Services P.O. Box 2388 Chicago, IL 60690-2388 Investor relations Security analysts, investment professionals and shareholders can find investor relations information on the Internet at www.motorola.com/investor. Inquiries should be directed to: Investor Relations, Motorola, Inc. Corporate Offices...

  • Page 36
    ..., Inc. Corporate Offices 1303 East Algonquin Road Schaumburg, IL 60196 USA Phone: (847) 576-5000 Motorola is an Equal Employment Opportunity/Affirmative Action Employer Motorola and the Stylized M logo and all other trademarks indicated as such are trademarks of Motorola, Inc. © 2001 Motorola, Inc...