Motorola 2015 Annual Report Download - page 49

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48
Consolidated Statements of Operations
Years ended December 31
(In millions, except per share amounts) 2015 2014 2013
Net sales from products $3,676$3,807$4,109
Net sales from services 2,019 2,074 2,118
Net sales 5,695 5,881 6,227
Costs of products sales 1,625 1,678 1,808
Costs of services sales 1,351 1,372 1,310
Costs of sales 2,976 3,050 3,118
Gross margin 2,719 2,831 3,109
Selling, general and administrative expenses 1,021 1,184 1,330
Research and development expenditures 620 681 761
Other charges 84 1,972 71
Operating earnings (loss) 994 (1,006) 947
Other income (expense):
Interest expense, net (173) (126) (113)
Gains on sales of investments 107 537
Other (11) (34) 9
Total other expense (77) (155) (67)
Earnings (loss) from continuing operations before income taxes 917 (1,161) 880
Income tax expense (benefit) 274 (465) (59)
Earnings (loss) from continuing operations 643 (696) 939
Earnings (loss) from discontinued operations, net of tax (30) 1,996 166
Net earnings 613 1,300 1,105
Less: Earnings attributable to noncontrolling interests 316
Net earnings attributable to Motorola Solutions, Inc. $610$1,299$1,099
Amounts attributable to Motorola Solutions, Inc. common stockholders:
Earnings (loss) from continuing operations, net of tax $640$ (697) $ 933
Earnings (loss) from discontinued operations, net of tax (30) 1,996 166
Net earnings attributable to Motorola Solutions, Inc. $610$1,299$1,099
Earnings (loss) per common share:
Basic:
Continuing operations $3.21$ (2.84) $ 3.51
Discontinued operations (0.15) 8.13 0.62
$3.06$5.29$4.13
Diluted:
Continuing operations $3.17$ (2.84) $ 3.45
Discontinued operations (0.15) 8.13 0.61
$3.02$5.29$4.06
Weighted average common shares outstanding:
Basic 199.6 245.6 266.0
Diluted 201.8 245.6 270.5
Dividends declared per share $1.43$1.30$1.14
See accompanying notes to consolidated financial statements.