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Q4 2006 Earnings Release Financial Tables

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Q4 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 December 31, 2006 December 31, 2005 Net sales $ 11,792 $ 10,039 Costs of sales 8,723 6,866 Gross margin 3,069 3,173 Selling, general and administrative expenses 1,158 984 Research and development expenditures 1,061 979 Other charges (income) 65 (520) Intangibles amortization and IPR&D 32 19 Operating earnings 753 1,711 Other income (expense): Interest income, net 99 55 Gains (loss) on sales of investments and businesses, net (125) (69) Other (43) (15) Total other income (69) (29) Earnings from continuing operations before income taxes 684 1,682 Income tax expense 156 505 Earnings from continuing operations 528 1,177 Earnings from discontinued operations, net of tax 96 25 Net earnings $ 624 $ 1,202 Earnings per common share Basic: Continuing operations $ 0.22 $ 0.47 Discontinued operations 0.04 0.01 $ 0.26 $ 0.48 Diluted: Continuing operations $ 0.21 $ 0.46 Discontinued operations 0.04 0.01 $ 0.25 $ 0.47 Weighted average common shares outstanding Basic 2,413.0 2,495.4 Diluted 2,463.6 2,559.9 Dividends paid per share $ 0.05 $ 0.04
  2. 2. Motorola, Inc. and Subsidiaries Condensed Consolidated Statements of Operations (In millions, except per share amounts) Year Ended Year Ended December 31, 2006 December 31, 2005 Net sales $ 42,879 $ 35,262 Costs of sales 30,152 23,833 Gross margin 12,727 11,429 Selling, general and administrative expenses 4,504 3,628 Research and development expenditures 4,106 3,600 Other charges (income) (108) (473) Intangibles amortization and IPR&D 133 69 Operating earnings 4,092 4,605 Other income (expense): Interest income, net 326 71 Gains (loss) on sales of investments and businesses, net 41 1,845 Other 151 (109) Total other income 518 1,807 Earnings from continuing operations before income taxes 4,610 6,412 Income tax expense 1,349 1,893 Earnings from continuing operations 3,261 4,519 Earnings from discontinued operations, net of tax 400 59 Net earnings $ 3,661 $ 4,578 Earnings per common share Basic: Continuing operations $ 1.33 $ 1.83 Discontinued operations 0.17 0.02 $ 1.50 $ 1.85 Diluted: Continuing operations $ 1.30 $ 1.79 Discontinued operations 0.16 0.02 $ 1.46 $ 1.81 Weighted average common shares outstanding Basic 2,446.3 2,471.3 Diluted 2,504.2 2,527.0 Dividends paid per share $ 0.18 $ 0.16
  3. 3. Motorola, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (In millions) ASSETS December 31, December 31, 2006 2005 Cash and cash equivalents $ 3,212 $ 3,774 Sigma funds 12,204 10,867 Short-term investments 224 144 Accounts receivable, net 7,509 5,652 Inventories, net 3,162 2,422 Deferred income taxes 1,731 2,355 Other current assets 2,933 2,496 Current assets held for sale - 312 Total current assets 30,975 28,022 Property, plant and equipment, net 2,267 2,020 Investments 895 1,644 Deferred income taxes 1,297 1,196 Other assets 3,131 2,597 Non-current assets held for sale - 323 Total assets $ 38,565 $ 35,802 LIABILITIES AND STOCKHOLDERS' EQUITY Notes payable and current portion of long-term debt $ 1,693 $ 448 Accounts payable 5,056 4,295 Accrued liabilities 8,676 7,529 Current liabilities held for sale - 320 Total current liabilities 15,425 12,592 Long-term debt 2,704 3,806 Other liabilities 3,322 2,727 Non-current liabilities held for sale - 4 Stockholders' equity 17,114 16,673 Total liabilities and stockholders' equity $ 38,565 $ 35,802
  4. 4. Motorola, Inc. and Subsidiaries Segment Information (In millions) Summarized below are the Company's net sales by reportable segment for the quarters and years ended December 31, 2006 and 2005. Net Sales Quarter Ended Quarter Ended % Change December 31, 2006 December 31, 2005 from 2005 Mobile Devices $ 7,806 $ 6,538 19% Networks and Enterprise 3,043 2,874 6% Connected Home Solutions 980 703 39% Segment Totals 11,829 10,115 17% Other and Eliminations (37) (76) 51% Company Totals $ 11,792 $ 10,039 17% Net Sales Year Ended Year Ended % Change December 31, 2006 December 31, 2005 from 2005 Mobile Devices $ 28,383 $ 21,459 32% Networks and Enterprise 11,245 11,202 0% Connected Home Solutions 3,327 2,871 16% Segment Totals 42,955 35,532 21% Other and Eliminations (76) (270) 72% Company Totals $ 42,879 $ 35,262 22%
  5. 5. Motorola, Inc. and Subsidiaries Segment Information (In millions) Summarized below are the Company's operating earnings (loss) by reportable segment for the quarters and years ended December 31, 2006 and 2005. Operating Earnings (Loss) Quarter Ended Quarter Ended December 31, 2006 December 31, 2005 Mobile Devices $ 341 $ 663 Networks and Enterprise 428 542 Connected Home Solutions 118 52 Segment Totals 887 1,257 Other and Eliminations (134) 454 Company Totals $ 753 $ 1,711 Operating Earnings (Loss) Year Ended Year Ended December 31, 2006 December 31, 2005 Mobile Devices $ 2,690 $ 2,192 Networks and Enterprise 1,521 1,939 Connected Home Solutions 224 153 Segment Totals 4,435 4,284 Other and Eliminations (343) 321 Company Totals $ 4,092 $ 4,605

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