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Q2 2006 Earnings Release Financial Tables

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Q2 2006 Earnings Release Financial Tables

  1. 1. Motorola, Inc. and Subsidiaries Condensed Consolidated Statements of Operations (In millions, except per share amounts) Quarter Ended Quarter Ended July 1, 2006 July 2, 2005 Net sales $ 10,876 $ 8,408 Costs of sales 7,517 5,651 Gross margin 3,359 2,757 Selling, general and administrative expenses 1,195 915 Research and development expenditures 1,016 878 Other charges (income) (374) 6 Operating earnings 1,522 958 Other income (expense): Interest income (expense), net 70 4 Gains on sales of investments and businesses, net 5 409 Other 126 20 Total other income 201 433 1,723 1,391 Earnings from continuing operations before income taxes Income tax expense 374 472 Earnings from continuing operations 1,349 919 Earnings from discontinued operations, net of tax 35 14 Net earnings $ 1,384 $ 933 Earnings per common share Basic: Continuing operations $ 0.55 $ 0.37 Discontinued operations 0.01 0.01 $ 0.56 $ 0.38 Diluted: Continuing operations $ 0.54 $ 0.37 Discontinued operations 0.01 - $ 0.55 $ 0.37 Weighted average common shares outstanding Basic 2,464.4 2,460.2 Diluted 2,522.0 2,504.0 Dividends paid per share $ 0.04 $ 0.04 Six Months Ended Six Months Ended July 1, 2006 July 2, 2005 Net sales $ 20,484 $ 16,175 Costs of sales 14,199 10,837 Gross margin 6,285 5,338 Selling, general and administrative expenses 2,296 1,838 Research and development expenditures 1,962 1,685 Other charges (income) (344) 1 Operating earnings 2,371 1,814 Other income (expense): Interest income (expense), net 137 (4) Gains on sales of investments and businesses, net 156 648 Other 107 12 Total other income 400 656 Earnings from continuing operations before income taxes 2,771 2,470 Income tax expense 766 866 Earnings from continuing operations 2,005 1,604 Earnings from discontinued operations, net of tax 65 21 Net earnings $ 2,070 $ 1,625 Earnings per common share Basic: Continuing operations $ 0.81 $ 0.65 Discontinued operations 0.03 0.01 $ 0.84 $ 0.66 Diluted: Continuing operations $ 0.79 $ 0.64 Discontinued operations 0.03 0.01 $ 0.82 $ 0.65 Weighted average common shares outstanding Basic 2,477.7 2,454.1 Diluted 2,538.8 2,495.4 Dividends paid per share $ 0.08 $ 0.08
  2. 2. Motorola, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (In millions) ASSETS July 1, December 31, 2006 2005 Cash & cash equivalents $ 3,401 $ 3,774 Sigma funds 10,801 10,867 Short-term investments 188 144 Accounts receivable, net 6,420 5,635 Inventories, net 2,716 2,422 Deferred income taxes 2,123 2,355 Other current assets 2,440 2,360 Current assets held for sale 339 312 Total current assets 28,428 27,869 Property, plant and equipment, net 2,084 2,020 Investments 1,395 1,644 Deferred income taxes 991 1,196 Other assets 2,804 2,597 Non-current assets held for sale 302 323 Total assets $ 36,004 $ 35,649 LIABILITIES AND STOCKHOLDERS' EQUITY Notes payable and current portion of long-term debt $ 490 $ 448 Accounts payable 4,134 4,295 Accrued liabilities 7,149 7,376 Current liabilities held for sale 281 320 Total current liabilities 12,054 12,439 Long-term debt 3,758 3,806 Other liabilities 2,907 2,727 Non-current liabilities held for sale 8 4 Stockholders' equity 17,277 16,673 Total liabilities and stockholders' equity $ 36,004 $ 35,649
  3. 3. Motorola, Inc. and Subsidiaries Segment Information (In millions) Summarized below are the Company's net sales by reportable segment for the quarters and six months ended July 1, 2006 and July 2, 2005. Net Sales Quarter Ended Quarter Ended % Change July 1, 2006 July 2, 2005 from 2005 Mobile Devices $ 7,140 $ 4,902 46% Networks and Enterprise 2,903 2,825 3% Connected Home Solutions 803 743 8% Segment Totals 10,846 8,470 28% Other and Eliminations 30 (62) 148% Company Totals $ 10,876 $ 8,408 29% Net Sales Six Months Ended Six Months Ended % Change July 1, 2006 July 2, 2005 from 2005 Mobile Devices $ 13,543 $ 9,317 45% Networks and Enterprise 5,423 5,562 -2% Connected Home Solutions 1,535 1,425 8% Segment Totals 20,501 16,304 26% Other and Eliminations (17) (129) 87% Company Totals $ 20,484 $ 16,175 27%
  4. 4. Motorola, Inc. and Subsidiaries Segment Information (In millions) Summarized below are the Company's operating earnings (loss) by reportable segment for the quarters and six months ended July 1, 2006 and July 2, 2005. Operating Earnings (Loss) Quarter Ended Quarter Ended July 1, 2006 July 2, 2005 Mobile Devices $ 799 $ 493 Networks and Enterprise 386 494 Connected Home Solutions 56 33 Segment Totals 1,241 1,020 Other and Eliminations 281 (62) Company Totals $ 1,522 $ 958 Operating Earnings (Loss) Six Months Ended Six Months Ended July 1, 2006 July 2, 2005 Mobile Devices $ 1,498 $ 931 Networks and Enterprise 685 909 Connected Home Solutions 45 42 Segment Totals 2,228 1,882 Other and Eliminations 143 (68) Company Totals $ 2,371 $ 1,814

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