Motorola 2001 Annual Report Download

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2001
Summary
Annual
Report
reality

Table of contents

  • Page 1
    reality 2001 Summary Annual Report

  • Page 2
    ... Motorola, Inc. 32 Stockholder reference information Inside Back Cover • Software-enhanced wireless telephone and messaging, two-way radio products and systems, as well as networking and Internetaccess products, for consumers, network operators, and commercial, government and industrial customers...

  • Page 3
    ... Years ended December 31, 2001 2000 Financial highlights Net sales Earnings (loss) before income taxes % to sales Net earnings (loss) % to sales Diluted earnings (loss) per common share (in dollars) Research and development expenditures Capital expenditures Working capital Current ratio Return...

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    ... a global cost structure for a $45 billion revenue company going into 2001, having achieved $37.6 billion in revenue in 2000. Then came the reality of 2001. A telecom equipment downturn affecting both wire-line and wireless. The worst semiconductor decline in history. Dot-com busts. A U.S. recession...

  • Page 6
    ... corporation, focus on generating profit and positive cash flow, maintain a low break even point and enhance our balance sheet. 2001 was the first year in the history of the cellular industry in which handset sales declined. Despite this, our Personal Communications Sector (PCS) retained the number...

  • Page 7
    ... automotive market, our Integrated Electronic Systems Sector (IESS) enjoys a strong market share in driver information systems, known as Telematics, that make cars smarter and safer. The Energy Systems Group within IESS provides energy system solutions for a wide variety of portable products...

  • Page 8
    ... are designed to enhance the shareholder value of this great company. We enter 2002 leaner, more agile, and more fiscally sound. We respect the monumental challenges we face. With renewed commitment, we are a leadership team that is fiercely dedicated to the ideas, energy, innovation and stamina it...

  • Page 9
    ...processors, Motorola's Semiconductor Products Sector (SPS) creates DigitalDNA system-on-chip solutions for a connected world. Its strong focus on wireless communications and networking enables customers to develop smarter, simpler, faster and synchronized products for the person, work team, home and...

  • Page 10
    "We need simplicity. We have no time for "I want the coolest-looking phone." "I want to feel safe." "I need to check my e-mail." "We want a vendor/ "I want to know my exact location when I'm driving." Motorola's solving real problems for customers, helping 8 MOTOROLA, INC. what's

  • Page 11
    ... need to be ahead of the curve. Always." "I need to find my husband." "We need to compete more effectively." partner that supplies solutions, not just products." "We want what we want. And we want it yesterday." them make things people want and need, day after day...

  • Page 12
    ... and service providers in China? Product and feature range that give their customers choice. Quality. And support. Top distributors and operators are making the freedom and convenience of personal communications a reality across China, and Motorola is there, helping them succeed. 10 MOTOROLA, INC...

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    ... and responsive service after the sale. Motorola is the market share leader in handsets in China. Motorola provides infrastructure equipment and technology for operators. In China, we are number one in CDMA systems and number two in GSM base sta1 China's two distinct market opportunities - the...

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    ... to Canada's Shaw Communications and other major cable operators? Broadband that's speedier, simpler and more synchronized than ever, making it possible to build strong subscriber relationships with services and features that consumers will buy, use and keep using. Motorola delivers the technology...

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    ..., providing a complete line of set-top terminals, cable modems and related products, including multimedia terminal adaptors that serve as the gateway that enables bundling of services to subscribers. Motorola's broad array of products, systems and solutions help build strong relationships with...

  • Page 20
    ...leadership. Great cars and trucks with features people want, at competitive prices, have always been essential to success. Advanced electronics are increasingly integral, both in the vehicles and the plants that make them. A key "partner" with GM to develop those electronics? Motorola. 18 MOTOROLA...

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    .... We have brought all of Motorola together to develop and deliver it: semiconductors and electronics for control modules in the powertrain and chassis; computer boards for factory automation; even wireless communication solutions to help manage a safe, secure and smooth manufacturing process. Our...

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    What's relevant to society? A new reality. Safety. Security. The ability to protect. The ability to respond. In these times, the role of sophisticated, flexible and reliable communications has never been more important. Motorola is the undisputed leader and a committed partner dedicated to ...

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    ...to helping those whose life's work is to preserve and protect. Advanced Motorola commandand-control technology for 911 systems and, increasingly, for non-emergency 311 systems is taking responsiveness, efficiency and effectiveness to new levels. Motorola's sophisticated two-way radio communication...

  • Page 28
    ... the 2002 Annual Meeting of Stockholders of Motorola, Inc. (not presented herein); and in our report dated January 18, 2002, also appearing in that proxy statement appendix, we expressed an unqualified opinion on those consolidated financial statements. In our opinion, the information set forth in...

  • Page 29
    ...share amounts Years ended December 31, 2001 2000 1999 Consolidated statements of operations Net sales Costs and expenses Manufacturing and other costs of sales Selling, general and administrative expenses Research...891 $÷««0.42 $«÷«0.41 2,119.5 2,202.0 MOTOROLA, INC. AND SUBSIDIARIES 27

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    ..., except per share amounts December 31, 2001 2000 Consolidated balance sheets Assets Current assets Cash and cash equivalents Short-term investments Accounts receivable, net Inventories, net Deferred income taxes Other current assets Total current assets Property, plant and equipment, net...

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    ... charges Acquired in-process research and development charges Gains...property, plant and equipment Sales (purchases) of...paper and short-term borrowings Net proceeds from issuance of debt Repayment of debt Issuance of preferred securities of subsidiary trust Issuance of common stock Payment of dividends...

  • Page 32
    ... 31 2001 2000 1999 Segment information Net sales 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...

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    ...) as a percent of sales Per share data (in dollars) Diluted earnings (loss) per common share Diluted weighted average common shares outstanding (in millions) Dividends declared 1 Balance sheet Total assets Working capital Long-term debt and redeemable preferred securities Total debt and redeemable...

  • Page 34
    .... Chairman of the Board, Procter & Gamble Company Samuel C. Scott III Chairman of the Board and Chief Executive Officer, Corn Products International Douglas A. Warner, III Chairman of the Board, J.P. Morgan Chase & Co. B. Kenneth West Senior Consultant for Corporate Governance to TIAA-CREF Dr. John...

  • Page 35
    ... can find investor relations information on the Internet at www.motorola.com/investor. Inquiries should be directed to: Investor Relations, Motorola, Inc. Corporate Offices 1303 East Algonquin Road Schaumburg, IL 60196 USA Or call: (800) 262-8509 Common stock Motorola common stock is listed on the...

  • Page 36
    ..., Inc. Corporate Offices 1303 East Algonquin Road Schaumburg, IL 60196 USA Phone: 1-847-576-5000 MOTOROLA and the Stylized M logo are registered in the U.S. Patent and Trademark Office. All other product or service names are the property of their respective owners. © Motorola, Inc. 2002 Motorola is...