Motorola 2009 Annual Report Download - page 86

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78
Motorola, Inc. and Subsidiaries
Consolidated Statements of Operations
Years Ended December 31
(In millions, except per share amounts) 2009 2008 2007
Net sales $ 22,044 $ 30,146 $ 36,622
Costs of sales 14,987 21,751 26,670
Gross margin 7,057 8,395 9,952
Selling, general and administrative expenses 3,381 4,330 5,092
Research and development expenditures 3,183 4,109 4,429
Other charges 641 2,347 984
Operating loss (148) (2,391) (553)
Other income (expense):
Interest income (expense), net (132) 48 91
Gains on sales of investments and businesses, net 88 82 50
Other 27 (372) 36
Total other income (expense) (17) (242) 177
Loss from continuing operations before income taxes (165) (2,633) (376)
Income tax expense (benefit) (77) 1,607 (285)
Loss from continuing operations (88) (4,240) (91)
Earnings from discontinued operations, net of tax 60 —56
Net loss (28) (4,240) (35)
Less: Earnings attributable to noncontrolling interests 23 414
Net loss attributable to Motorola, Inc. $ (51) $ (4,244) $ (49)
Amounts attributable to Motorola, Inc. common shareholders:
Loss from continuing operations, net of tax $ (111) $ (4,244) $ (105)
Earnings from discontinued operations, net of tax 60 —56
Net loss $ (51) $ (4,244) $ (49)
Earnings (loss) per common share:
Basic:
Continuing operations $ (0.05) $ (1.87) $ (0.05)
Discontinued operations 0.03 — 0.03
$ (0.02) $ (1.87) $ (0.02)
Diluted:
Continuing operations $ (0.05) $ (1.87) $ (0.05)
Discontinued operations 0.03 — 0.03
$ (0.02) $ (1.87) $ (0.02)
Weighted average common shares outstanding:
Basic 2,295.6 2,265.4 2,312.7
Diluted 2,295.6 2,265.4 2,312.7
Dividends paid per share $ 0.05 $ 0.20 $ 0.20
See accompanying notes to consolidated financial statements.