Motorola 2000 Annual Report Download - page 23

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MOTOROLA, INC. AND SUBSIDIARIES 21
See accompanying condensed notes to consolidated financial statements.
In millions, except per share amounts Years ended December 31, 2000 1999 1998
Consolidated statements of operations
Net sales $37,580 $33,075 $31,340
Costs and expenses
Manufacturing and other costs of sales 23,628 20,631 19,396
Selling, general and administrative expenses 5,141 5,220 5,807
Research and development expenditures 4,437 3,560 3,118
Depreciation expense 2,352 2,243 2,255
Reorganization of businesses 596 (226) 1,980
Other charges 517 1,406 109
Interest expense, net 248 138 215
Gains on sales of investments and businesses (1,570) (1,180) (260)
Total costs and expenses 35,349 31,792 32,620
Earnings (loss) before income taxes 2,231 1,283 (1,280)
Income tax provision (benefit) 913 392 (373)
Net earnings (loss) $÷1,318 $÷«÷891 $÷÷(907)
Basic earnings (loss) per common share $÷««0.61 $÷««0.42 $÷«(0.44)
Diluted earnings (loss) per common share $«÷«0.58 $«÷«0.41 $÷«(0.44)
Basic weighted average common shares outstanding 2,170.1 2,119.5 2,071.1
Diluted weighted average common shares outstanding 2,256.6 2,202.0 2,071.1