Motorola 2009 Annual Report Download - page 137
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129
16. Quarterly and Other Financial Data (unaudited)*
2009 2008
1st 2nd 3rd 4th 1st 2nd 3rd 4th
Operating Results
Net sales $5,371 $5,497 $5,453 $5,723 $7,448 $8,082 $7,480 $ 7,136
Costs of sales 3,875 3,787 3,645 3,680 5,303 5,757 5,677 5,014
Gross margin 1,496 1,710 1,808 2,043 2,145 2,325 1,803 2,122
Selling, general and administrative expenses 869 822 800 890 1,183 1,115 1,044 988
Research and development expenditures 847 775 768 793 1,054 1,048 999 1,008
Other charges 229 103 112 197 177 157 212 1,801
Operating earnings (loss) (449) 10 128 163 (269) 5 (452) (1,675)
Earnings (loss) from continuing
operations** (291) 26 12 142 (194) 4 (397) (3,657)
Net earnings (loss)** (231) 26 12 142 (194) 4 (397) (3,657)
Per Share Data (in dollars)
Continuing Operations:
Basic earnings (loss) per common share $ (0.13) $ 0.01 $ 0.01 $ 0.06 $ (0.09) $ 0.00 $ (0.18) $ (1.61)
Diluted earnings (loss) per common share (0.13) 0.01 0.01 0.06 (0.09) 0.00 (0.18) (1.61)
Net Earnings:
Basic earnings (loss) per common share (0.10) 0.01 0.01 0.06 (0.09) 0.00 (0.18) (1.61)
Diluted earnings (loss) per common share (0.10) 0.01 0.01 0.06 (0.09) 0.00 (0.18) (1.61)
Dividends declared ————0.05 0.05 0.05 0.05
Dividends paid 0.05 — — — 0.05 0.05 0.05 0.05
Stock prices
High 4.95 6.95 9.45 9.36 16.20 10.38 10.50 7.52
Low 2.98 4.25 5.91 7.67 8.98 7.20 6.52 3.00
Operating results for the fourth quarter of 2008 include: (i) a $2.1 billion charge related to increase the U.S. deferred tax asset valuation
allowance, as described in Note 6, ‘‘Income Taxes,’’ (ii) a $1.6 billion charge related to the impairment of goodwill, as described in Note 14,
‘‘Acquisitions and Related Intangibles,’’ and (iii) accumulated temporary unrealized losses in Sigma Fund investments, as described in Note 3,
‘‘Other Financial Data.’’
* Certain amounts in prior years’ financial statements and related notes have been reclassified to conform to the 2009 presentation.
** Amounts attributable to Motorola, Inc. common shareholders.