Motorola 2008 Annual Report Download - page 45

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Item 6: Selected Financial Data
Motorola, Inc. and Subsidiaries
Five-Year Financial Summary
(Dollars in millions, except as noted) 2008 2007 2006 2005 2004
Years Ended December 31
Operating Results
Net sales $ 30,146 $ 36,622 $ 42,847 $ 35,310 $ 29,680
Costs of sales 21,751 26,670 30,120 23,881 19,715
Gross margin 8,395 9,952 12,727 11,429 9,965
Selling, general and administrative expenses 4,330 5,092 4,504 3,628 3,508
Research and development expenditures 4,109 4,429 4,106 3,600 3,316
Other charges (income) 2,347 984 25 (404) 149
Operating earnings (loss) (2,391) (553) 4,092 4,605 2,992
Other income (expense):
Interest income (expense), net 48 91 326 71 (200)
Gains on sales of investments and businesses, net 82 50 41 1,845 460
Other (376) 22 151 (109) (140)
Total other income (expense) (246) 163 518 1,807 120
Earnings (loss) from continuing operations before
income taxes (2,637) (390) 4,610 6,412 3,112
Income tax expense (benefit) 1,607 (285) 1,349 1,893 1,013
Earnings (loss) from continuing operations (4,244) (105) 3,261 4,519 2,099
Earnings (loss) from discontinued operations, net of
tax —56 400 59 (567)
Net earnings (loss) $ (4,244) $ (49) $ 3,661 $ 4,578 $ 1,532
Per Share Data (in dollars)
Diluted earnings (loss) from continuing operations
per common share $ (1.87) $ (0.05) $ 1.30 $ 1.79 $ 0.87
Diluted earnings (loss) per common share (1.87) (0.02) 1.46 1.81 0.64
Diluted weighted average common shares
outstanding (in millions) 2,265.4 2,312.7 2,504.2 2,527.0 2,472.0
Dividends paid per share $ 0.20 $ 0.20 $ 0.18 $ 0.16 $ 0.16
Balance Sheet
Total assets $ 27,869 $ 34,812 $ 38,593 $ 35,802 $ 30,922
Long-term debt 4,092 3,991 2,704 3,806 4,581
Total debt 4,184 4,323 4,397 4,254 5,298
Total stockholders’ equity 9,507 15,447 17,142 16,673 13,331
Other Data
Capital expenditures $ 504 $ 527 $ 649 $ 548 $ 405
% of sales 1.7% 1.4% 1.5% 1.6% 1.4%
Research and development expenditures $ 4,109 $ 4,429 $ 4,106 $ 3,600 $ 3,316
% of sales 13.6% 12.1% 9.6% 10.2% 11.2%
Year-end employment (in thousands) 64 66 66 69 68
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