Motorola 2008 Annual Report Download - page 92

Download and view the complete annual report

Please find page 92 of the 2008 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 156

  • 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
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156

Motorola, Inc. and Subsidiaries
Consolidated Balance Sheets
(In millions, except per share amounts) 2008 2007
December 31
ASSETS
Cash and cash equivalents $ 3,064 $ 2,752
Sigma Fund 3,690 5,242
Short-term investments 225 612
Accounts receivable, net 3,493 5,324
Inventories, net 2,659 2,836
Deferred income taxes 1,092 1,891
Other current assets 3,140 3,565
Total current assets 17,363 22,222
Property, plant and equipment, net 2,442 2,480
Sigma Fund 466 —
Investments 517 837
Deferred income taxes 2,428 2,454
Goodwill 2,837 4,499
Other assets 1,816 2,320
Total assets $27,869 $34,812
LIABILITIES AND STOCKHOLDERS’ EQUITY
Notes payable and current portion of long-term debt $92$ 332
Accounts payable 3,188 4,167
Accrued liabilities 7,340 8,001
Total current liabilities 10,620 12,500
Long-term debt 4,092 3,991
Other liabilities 3,650 2,874
Stockholders’ equity
Preferred stock, $100 par value ——
Common stock, $3 par value 6,831 6,792
Issued shares: 2008 — 2,276.9 and 2007 — 2,264.0 and
Outstanding shares: 2008 — 2,276.5 and 2007 — 2,263.1
Additional paid-in capital 1,003 782
Retained earnings 3,878 8,579
Non-owner changes to equity (2,205) (706)
Total stockholders’ equity 9,507 15,447
Total liabilities and stockholders’ equity $27,869 $34,812
See accompanying notes to consolidated financial statements.
84