Motorola 2000 Annual Report Download - page 26

Download and view the complete annual report

Please find page 26 of the 2000 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 36

  • 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

24 MOTOROLA, INC. AND SUBSIDIARIES See accompanying condensed notes to consolidated financial statements.
Operating
Net earnings (loss) $«1,318 $÷««891 $«÷(907)
Adjustments to reconcile net earnings (loss) to
net cash provided by (used for) operating activities:
Depreciation and amortization 2,522 2,360 2,331
Iridium charges – 2,119 360
Charges for reorganization of businesses 1,483 (226) 1,980
Acquired in-process research and development charges 332 67 109
Gains on sales of investments and businesses (1,570) (1,180) (260)
Deferred income taxes 239 (443) (933)
Change in assets and liabilities, net of effects of
acquisitions and dispositions:
Accounts receivable (1,471) (135) (243)
Inventories (2,305) (678) 249
Other current assets (532) (16) 35
Accounts payable and accrued liabilities (666) 361 (669)
Other assets and liabilities (514) (980) (757)
Net cash provided by (used for) operating activities (1,164) 2,140 1,295
Investing
Acquisitions and investments (1,912) (632) (820)
Proceeds from dispositions of investments and businesses 1,433 2,556 383
Capital expenditures (4,131) (2,856) (3,313)
Proceeds from dispositions of property, plant and equipment 174 468 507
Sales (purchases) of short-term investments 345 (496) 164
Net cash used for investing activities (4,091) (960) (3,079)
Financing
Net proceeds from (repayment of) commercial paper
and short-term borrowings 3,884 (403) 1,627
Proceeds from issuance of debt 1,190 501 773
Repayment of debt (5) (47) (293)
Issuance of preferred securities of subsidiary trust – 484 –
Issuance of common stock 383 544 53
Payment of dividends (333) (291) (288)
Net cash provided by financing activities 5,119 788 1,872
Effect of exchange rate changes on cash and cash equivalents (100) (33) 34
Net increase (decrease) in cash and cash equivalents $÷«(236) $«1,935 $÷÷122
Cash and cash equivalents, beginning of year $«3,537 $«1,602 $«1,480
Cash and cash equivalents, end of year $«3,301 $«3,537 $«1,602
Cash flow information
Cash paid during the year for:
Interest $÷««348 $÷««266 $÷««287
Income taxes $÷««130 $÷««301 $÷««398
Consolidated statements of cash flows
In millions Years ended December 31, 2000 1999 1998