Motorola 2006 Annual Report Download - page 41

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33
Item 6: Selected Financial Data
Motorola, Inc. and Subsidiaries
Five Year Financial Summary
Years Ended December 31
(Dollars in millions, except as noted)
2006
2005 2004 2003 2002
Operating Results
Net sales $ 42,879 $35,262 $29,663 $21,718 $22,105
Costs of sales 30,152 23,833 19,698 14,567 14,812
Gross margin 12,727 11,429 9,965 7,151 7,293
Selling, general and administrative expenses 4,504 3,628 3,508 3,084 3,703
Research and development expenditures 4,106 3,600 3,316 2,849 2,777
Other charges (income) 25 (404) 149 77 1,384
Operating earnings (loss) 4,092 4,605 2,992 1,141 (571)
Other income (expense):
Interest income (expense), net 326 71 (200) (296) (347)
Gains on sales of investments and businesses, net 41 1,845 460 540 81
Other 151 (109) (140) (141) (1,343)
Total other income (expense) 518 1,807 120 103 (1,609)
Earnings (loss) from continuing operations before
income taxes 4,610 6,412 3,112 1,244 (2,180)
Income tax expense (benefit) 1,349 1,893 1,013 403 (760)
Earnings (loss) from continuing operations 3,261 4,519 2,099 841 (1,420)
Earnings (loss) from discontinued operations, net of tax 400 59 (567) 52 (1,065)
Net earnings (loss) $ 3,661 $ 4,578 $ 1,532 $ 893 $(2,485)
Per Share Data (in dollars)
Diluted earnings (loss) from continuing operations per
common share $ 1.30 $ 1.79 $ 0.87 $ 0.36 $ (0.62)
Diluted earnings (loss) per common share 1.46 1.81 0.64 0.38 (1.09)
Diluted weighted average common shares outstanding (in
millions) 2,504.2 2,527.0 2,472.0 2,351.2 2,282.3
Dividends paid per share $ 0.18 $ 0.16 $ 0.16 $ 0.16 $ 0.16
Balance Sheet
Total assets $ 38,593 $35,802 $30,922 $31,999 $31,152
Long-term debt and redeemable preferred securities 2,704 3,806 4,581 6,007 6,477
Total debt and redeemable preferred securities 4,397 4,254 5,298 6,876 7,975
Total stockholders' equity 17,142 16,673 13,331 12,689 11,239
Other Data
Capital expenditures $ 649 $ 548 $ 405 $ 309 $ 332
% of sales 1.5% 1.6% 1.4% 1.4% 1.5%
Research and development expenditures $ 4,106 $ 3,600 $ 3,316 $ 2,849 $ 2,777
% of sales 9.6% 10.2% 11.2% 13.1% 12.6%
Year-end employment (in thousands)* 66 69 68 88 97
* Employment decrease in 2004 primarily reflects the impact of the spin-off of Freescale Semiconductor.