Net sales
$ 5,371 $ - $ - $ 5,371 Costs of sales 3,875 46 9 3,820 Gross margin
1,496 (46) (9) 1,551 Selling, general and administrative expenses 869 - 41 828 Research and development expenditures 847 - 26 821 Separation-related transaction costs - - - - Other charges
158 158 - - Intangibles amortization 71 - 71 - Operating loss
(449)
(204)
(147)
(98)
Other income (expense):
Interest income (expense), net
(35) - - (35) Gain (loss) on sales of investments and businesses, net (20) (31) - 11 Other
70 67 - 3 Total other income (expense)
15 36 - (21)Loss from continuing operations before income taxes (434) (168) (147) (119)Income tax benefit
(146) (57) (51) (38)Loss from continuing operations
(288) (111) (96) (81)Earnings from discontinued operations, net of tax 60 60 - - Net loss
(228) (51) (96) (81)Less: Earnings attributable to the noncontrolling interest 3 - - 3 Net loss attributable to Motorola, Inc.
(231)
$ (51)
$ (96)
$ (84)
$ Amounts attributable to Motorola, Inc. common shareholders Loss from continuing operations, net of tax
(291)$ (111)$ (96)$ (84)$ Earnings from discontinued operations, net of tax 60 60 - - Net loss (231)$ (51)$ (96)$ (84)
$ Earnings (loss) per common share Basic:
Continuing operations (0.13)$ (0.05)$ (0.04)$ (0.04)
$ Discontinued operations
0.03
0.03 - - (0.10)$ (0.02)$ (0.04)$ (0.04)
$ Diluted:
Continuing operations (0.13)$ (0.05)$ (0.04)$ (0.04)
$ Discontinued operations
0.03
0.03 - - (0.10)$ (0.02)$ (0.04)$ (0.04)
$ Weighted average common shares outstanding
Basic 2,280.52,280.5
2,280.52,280.5 Diluted
2,280.5
2,280.52,280.52,280.5
Dividends paid per share
0.05$
0.05$
Percentage of Net Sales**
Net sales
100%100%Costs of sales 72.1%71.1%Gross margin
27.9%28.9%Selling, general and administrative expenses 16.2%15.4%Research and development expenditures 15.8%15.3%Separation-related transaction costs 0.0%0.0%Other charges
2.9%0.0%Intangibles amortization 1.3%0.0%Operating loss
-8.4%
-1.8%
Other income (expense):
Interest income (expense), net
-0.7%-0.7% Gain (loss) on sales of investments and businesses, net -0.4%0.2% Other
1.3%0.1%Total other income (expense)
0.3%-0.4%Loss from continuing operations before income taxes -8.1%-2.2%Income tax benefit
-2.7%-0.7%Loss from continuing operations
-5.4%-1.5%Earnings from discontinued operations, net of tax 1.1%0.0%Net loss
-4.2%-1.5%Less: Earnings attributable to the noncontrolling interest 0.1%0.1%Net loss attributable to Motorola, Inc.-4.3%
-1.6%
** Percents may not add up due to rounding
April 4, 2009
GAAP Results Highlighted Items &
Discontinued Operations Stock-Based Compensation & Intangibles
Amortization Expense Non-GAAP Results
Quarter Ended
Net sales
$ 5,497 $ - $ - $ 5,497 Costs of sales 3,787 (9) 8 3,788 Gross margin
1,710 9 (8) 1,709 Selling, general and administrative expenses 822 - 44 778 Research and development expenditures 775 - 23 752 Separation-related transaction costs - - - - Other charges
33 33 - - Intangibles amortization 70 - 70 - Operating earnings (loss)
10
(24)
(145)
179
Other income (expense): Interest expense, net
(30) -
-
(30) Gain on sales of investments and businesses, net 30 - - 30 Other
23 69 - (46)Total other income (expense)
23 69 - (46)Earnings (loss) from continuing operations before income taxes 33 45 (145) 133 Income tax expense (benefit)
(2) 3 (50) 45 Earnings (loss) from continuing operations 35 42 (95) 88 Earnings from discontinued operations, net of tax - - - - Net earnings (loss)
35 42 (95) 88 Less: Earnings attributable to the noncontrolling interest 9 - - 9 Net earnings (loss) attributable to Motorola, Inc.
26$
42$
(95)
$ 79$
Amounts attributable to Motorola, Inc. common shareholders
Earnings (loss) from continuing operations, net of tax 26$ 42$
(95)
$ 79$ Earnings from discontinued operations, net of tax - - - - Net earnings (loss)26$ 42$ (95)$ 79$
Earnings (loss) per common share Basic:
Continuing operations 0.01$
0.02$
(0.04)
$ 0.03$
Discontinued operations
-
- - - 0.01$ 0.02$ (0.04)$ 0.03$
Diluted:
Continuing operations 0.01$ 0.02$
(0.04)
$ 0.03$
Discontinued operations
-
- - - 0.01$ 0.02$ (0.04)$ 0.03$
Weighted average common shares outstanding
Basic 2,293.92,293.92,293.92,293.9 Diluted
2,306.4
2,306.42,306.42,306.4
Dividends paid per share
-
$ -
$ Percentage of Net Sales**Net sales
100%100%Costs of sales 68.9%68.9%Gross margin
31.1%31.1%Selling, general and administrative expenses 15.0%14.2%Research and development expenditures 14.1%13.7%Separation-related transaction costs 0.0%0.0%Other charges
0.6%0.0%Intangibles amortization 1.3%0.0%Operating earnings (loss)
0.2%
3.3%
Other income (expense): Interest expense, net
-0.5%-0.5% Gain on sales of investments and businesses, net 0.5%0.5% Other
0.4%-0.8%Total other income (expense)
0.4%-0.8%Earnings (loss) from continuing operations before income taxes 0.6% 2.4%Income tax expense (benefit)
0.0%0.8%Earnings (loss) from continuing operations 0.6% 1.6%Earnings from discontinued operations, net of tax 0.0%0.0%Net earnings (loss)
0.6% 1.6%Less: Earnings attributable to the noncontrolling interest 0.2%0.2%Net earnings (loss) attributable to Motorola, Inc.0.5%
1.4%
** Percents may not add up due to rounding
July 4, 2009
GAAP Results Highlighted Items & Discontinued Operations Stock-Based Compensation & Intangibles
Amortization Expense Non-GAAP Results
Quarter Ended
Net sales
$ 5,453 $ - $ - $ 5,453 Costs of sales 3,645 - 8 3,637 Gross margin
1,808 - (8) 1,816 Selling, general and administrative expenses 800 - 44 756 Research and development expenditures 768 - 23 745 Separation-related transaction costs 19 19 - - Other charges
24 24 - - Intangibles amortization 69 - 69 - Operating earnings (loss)
128
(43)
(144)
315
Other income (expense): Interest expense, net
(49) -
- (49) Gain on sales of investments and businesses, net 21 - - 21 Other
(64) - - (64)Total other income (expense) (92) - - (92)Earnings (loss) before income taxes 36 (43) (144) 223 Income tax expense (benefit)
14 (11) (49) 74 Earnings (loss) from continuing operations 22 (32) (95) 149 Earnings from discontinued operations, net of tax - - - - Net earnings (loss)
22 (32) (95) 149 Less: Earnings attributable to noncontrolling interests 10 - - 10 Net earnings (loss) attributable to Motorola, Inc.
12$
(32)
$ (95)
$ 139$
Amounts attributable to Motorola, Inc. common shareholders
Earnings (loss) from continuing operations, net of tax 12$ (32)
$ (95)$ 139$ Earnings from discontinued operations, net of tax - - - - Net earnings (loss)12$ (32)$ (95)$ 139$
Earnings (loss) per common share Basic:
Continuing operations 0.01$
(0.01)
$ (0.04)
$ 0.06$
Discontinued operations
-
- - - 0.01$ (0.01)$ (0.04)$ 0.06$
Diluted:
Continuing operations 0.01$ (0.01)
$ (0.04)
$ 0.06$
Discontinued operations
-
- - - 0.01$ (0.01)$ (0.04)$ 0.06$
Weighted average common shares outstanding
Basic 2,299.62,299.62,299.62,299.6 Diluted
2,319.5
2,319.52,319.52,319.5
Dividends paid per share
-
$ -
$ Percentage of Net Sales**Net sales
100%100%Costs of sales 66.8%66.7%Gross margin
33.2%33.3%Selling, general and administrative expenses 14.7%13.9%Research and development expenditures 14.1%13.7%Separation-related transaction costs 0.3%0.0%Other charges
0.4%0.0%Intangibles amortization 1.3%0.0%Operating earnings (loss)
2.3%
5.8%
Other income (expense): Interest expense, net
-0.9%-0.9% Gain on sales of investments and businesses, net 0.4%0.4% Other
-1.2%-1.2%Total other income (expense)
-1.7%-1.7%Earnings (loss) before income taxes 0.7% 4.1%Income tax expense (benefit)
0.3% 1.4%Earnings (loss) from continuing operations 0.4% 2.7%Earnings from discontinued operations, net of tax 0.0%0.0%Net earnings (loss)
0.4% 2.7%Less: Earnings attributable to noncontrolling interests 0.2%0.2%Net earnings (loss) attributable to Motorola, Inc.0.2%
2.5%
** Percents may not add up due to rounding
October 3, 2009
GAAP Results Highlighted Items &
Discontinued Operations Stock-Based Compensation & Intangibles
Amortization Expense Non-GAAP Results
Quarter Ended
Net sales
$ 5,723 $ - $ - $ 5,723 Costs of sales 3,680 19 7 3,654 Gross margin
2,043 (19) (7) 2,069 Selling, general and administrative expenses 890 - 41 849 Research and development expenditures 793 - 22 771 Separation-related transaction costs 23 23 - - Other charges
106 106 - - Intangibles amortization 68 - 68 - Operating earnings (loss)
163
(148)
(138)
449
Other income (expense): Interest expense, net
(18) -
- (18) Gain on sales of investments and businesses, net 57 32 - 25 Other
(2) - - (2)Total other income (expense)
37 32 - 5 Earnings (loss) from continuing operations before income taxes 200 (116) (138) 454 Income tax expense (benefit)
57 (51) (48) 156 Earnings (loss) from continuing operations 143 (65) (90) 298 Earnings from discontinued operations, net of tax - - - - Net earnings (loss)
143 (65) (90) 298 Less: Earnings attributable to noncontrolling interests 1 - - 1 Net earnings (loss) attributable to Motorola, Inc.
142$
(65)
$ (90)
$ 297$
Amounts attributable to Motorola, Inc. common shareholders
Earnings (loss) from continuing operations, net of tax 142$ (65)
$ (90)$ 297$ Earnings from discontinued operations, net of tax - - - - Net earnings (loss)142$ (65)$ (90)$ 297$
Earnings (loss) per common share Basic:
Continuing operations 0.06$
(0.03)
$ (0.04)
$ 0.13$
Discontinued operations
-
- - - 0.06$ (0.03)$ (0.04)$ 0.13$
Diluted:
Continuing operations 0.06$ (0.03)
$ (0.04)
$ 0.13$
Discontinued operations
-
- - - 0.06$ (0.03)$ (0.04)$ 0.13$
Weighted average common shares outstanding
Basic 2,311.42,311.42,311.42,311.4 Diluted
2,330.0
2,330.02,330.02,330.0
Dividends paid per share
-
$ -
$ Percentage of Net Sales**Net sales
100%100%Costs of sales 64.3%63.8%Gross margin
35.7%36.2%Selling, general and administrative expenses 15.6%14.8%Research and development expenditures 13.9%13.5%Separation-related transaction costs 0.4%0.0%Other charges
1.9%0.0%Intangibles amortization 1.2%0.0%Operating earnings (loss)
2.8%
7.8%
Other income (expense): Interest expense, net
-0.3%-0.3% Gain on sales of investments and businesses, net 1.0%0.4% Other
0.0%0.0%Total other income (expense)
0.6%0.1%Earnings (loss) from continuing operations before income taxes 3.5%7.9%Income tax expense (benefit)
1.0%
2.7%Earnings (loss) from continuing operations 2.5% 5.2%Earnings from discontinued operations, net of tax 0.0%0.0%Net earnings (loss)
2.5% 5.2%Less: Earnings attributable to noncontrolling interests 0.0%0.0%Net earnings (loss) attributable to Motorola, Inc. 2.5%
5.2%
** Percentages may not add up due to rounding
December 31, 2009
GAAP Results Highlighted Items &
Discontinued Operations Stock-Based Compensation & Intangibles
Amortization Expense Non-GAAP Results
Quarter Ended
Net sales
$ 22,044 $ - $ - $ 22,044 Costs of sales 14,987 56 32 14,899 Gross margin
7,057 (56) (32) 7,145 Selling, general and administrative expenses 3,381 - 170 3,211 Research and development expenditures 3,183 - 94 3,089 Separation-related transaction costs 42 42 - - Other charges
321 321 - - Intangibles amortization 278 - 278 - Operating earnings (loss)
(148)
(419)
(574)
845
Other income (expense): Interest expense, net
(132) - -
(132)
Gain on sales of investments and businesses, net 88 1 - 87 Other
27 136 - (109)Total other income (expense)
(17) 137 - (154)Earnings (loss) from continuing operations before income taxes (165) (282) (574) 691 Income tax expense (benefit)
(77) (116) (198) 237 Earnings (loss) from continuing operations (88) (166) (376) 454 Earnings from discontinued operations, net of tax 60 60 - - Net earnings (loss)
(28) (106) (376) 454 Less: Earnings attributable to noncontrolling interests 23 - - 23 Net earnings (loss) attributable to Motorola, Inc.
(51)
$ (106)
$ (376)
$ 431
$ Amounts attributable to Motorola, Inc. common shareholders Earnings (loss) from continuing operations, net of tax (111)$ (166)$ (376)$ 431
$ Earnings from discontinued operations, net of tax 60 60 - - Net earnings (loss)(51)$ (106)$ (376)$ 431
$ Earnings (loss) per common share Basic:
Continuing operations (0.05)
$ (0.07)$ (0.16)$ 0.19$ Discontinued operations
0.03 0.03 -
- (0.02)$ (0.04)$ (0.16)$ 0.19
$ Diluted:
Continuing operations (0.05)$ (0.07)$ (0.16)$ 0.19$ Discontinued operations
0.03 0.03 -
- (0.02)$ (0.04)$ (0.16)$ 0.19
$ Weighted average common shares outstanding
Basic 2,295.62,295.62,295.62,295.6 Diluted
2,295.6
2,295.62,295.62,295.6
Dividends paid per share
0.05
$ 0.05
$ Percentage of Net Sales**Net sales
100%100%Costs of sales 68.0%67.6%Gross margin
32.0%32.4%Selling, general and administrative expenses 15.3%14.6%Research and development expenditures 14.4%14.0%Separation-related transaction costs 0.2%0.0%Other charges
1.5%0.0%Intangibles amortization 1.3%0.0%Operating earnings (loss)
-0.7%
3.8%
Other income (expense): Interest expense, net
-0.6%-0.6% Gain on sales of investments and businesses, net 0.4%0.4% Other
0.1%-0.5%Total other income (expense)
-0.1%-0.7%Earnings (loss) from continuing operations before income taxes -0.7% 3.1%Income tax expense (benefit)
-0.3% 1.1%Earnings (loss) from continuing operations -0.4% 2.1%Earnings from discontinued operations, net of tax 0.3%0.0%Net earnings (loss)
-0.1% 2.1%Less: Earnings attributable to noncontrolling interests 0.1%0.1%Net earnings (loss) attributable to Motorola, Inc.-0.2%
2.0%
* Percentages may not add up due to rounding
As discussed in the Report on Form 8-K furnished with the Securities and Exchange Commission on April 5, 2010, the financial data presented above reflects: i) the revised presentation of the Company’s operating business segments as a result of a realigned business structure, and ii) the reclassification of certain costs, previously recorded as Corporate expenses, from Other and
Eliminations to the operating business segments. There was no change in previously reported consolidated Motorola results. This revised financial data supercedes all previously reported financial data.
GAAP Results Highlighted Items &
Discontinued Operations Non-GAAP Results
Year Ended December 31, 2009
Stock-Based Compensation & Intangibles
Amortization Expense
Description
Statement Line
Q1 2009 PBT (Inc)/Exp Q1 2009 Tax
Inc/(Exp)Q1 2009 PAT
(Inc)/Exp EPS impact Reorganization of business charges Cost of sales and Other charges 204$ 70$ 134$ 0.06
$ Stock-based compensation expense Cost of sales, SG&A and R&D 76 25 51 0.02 Intangibles amortization expense Intangibles amortization 71 26 45 0.02 Loss on sale of business
Other income (expense)31 12 19 0.01 Gain from the repurchase of long-term debt Other income (expense)
(67) (25) (42) (0.02) Total Continuing Operations Impact
315
$ 108
$ 207
$ 0.09
$ Description
Statement Line
Q2 2009 PBT (Inc)/Exp Q2 2009 Tax
Inc/(Exp)Q2 2009 PAT
(Inc)/Exp EPS impact Stock-based compensation expense
Cost of sales, SG&A and R&D 75$ 24$ 51$ 0.02
$ Intangibles amortization expense Intangibles Amortization 70 26 44 0.02 Facility impairment charges
Other charges
39 - 39 0.02 Reorganization of business and other exit charges
Cost of sales and Other charges 58 20 38 0.02 Adjustment to software/silicon platform consolidation reserves Cost of sales (18) (7) (11) (0.01) Legal settlement
Other charges
(55) (20) (35) (0.02) Gain on Sigma Fund investments Other income (expense)
(69) (14) (55) (0.02) Tax-related benefit
Income tax (expense) benefit
- 18 (18) (0.01) Total Continuing Operations Impact
100
$ 47
$ 53
$ 0.02
$ Description
Statement Line
Q3 2009 PBT (Inc)/Exp Q3 2009 Tax Inc/(Exp)Q3 2009 PAT
(Inc)/Exp EPS impact *Stock-based compensation expense
Cost of sales, SG&A and R&D 75$ 23$ 52$ 0.02$ Intangibles amortization expense Intangibles amortization 69 26 43 0.02 Environmental reserve
Other charges 24 9 15 0.01 Separation-related transaction costs Other charges
19 2 17 0.01 Total Continuing Operations Impact
187
$ 60
$ 127
$ 0.05
$ Description
Statement Line
Q4 2009 PBT (Inc)/Exp Q4 2009 Tax
Inc/(Exp)Q4 2009 PAT
(Inc)/Exp EPS impact Stock-based compensation expense Cost of sales, SG&A and R&D 70$ 23$ 47$ 0.02
$ Reorganization of business charges Cost of sales and Other charges 70 23 47 0.02 Intangibles amortization expense Intangibles amortization 68 25 43 0.02 Legal settlements
Other charges 55 20 35 0.02 Separation-related transaction costs Other charges
23 4 19 0.01 Gain on sale of investment Other income (expense)
(32) (12) (20) (0.01) Tax-related benefit
Income tax (expense) benefit
- 16 (16) (0.01) Total Continuing Operations Impact
254
$ 99
$ 155
$ 0.07
$ Description
Statement Line
2009 PBT (Inc)/Exp 2009 Tax
Inc/(Exp)2009 PAT
(Inc)/Exp EPS impact *Reorganization of business and other exit charges
Cost of sales and Other charges 332$ 113$ 219$ 0.10
$ Stock-based compensation expense Cost of sales, SG&A and R&D 296 95 201 0.09 Intangibles amortization expense Intangibles amortization 278 103 175 0.08 Facility impairment charges
Other charges 39 - 39 0.02 Separation-related transaction costs Other charges
42 6 36 0.02 Loss on sale of business Other income (expense)31 12 19 0.01 Environmental reserve Other charges 24 9 15 0.01 Legal settlements
Other charges - - - - Adjustment to software/silicon platform consolidation reserves Cost of sales
(18) (7) (11) (0.01) Gain on sale of investment
Other income (expense)(32) (12) (20) (0.01) Gain from the repurchase of long-term debt Other income (expense)(67) (25) (42) (0.02) Gain on Sigma Fund investments Other income (expense)
(69) (14) (55) (0.02) Tax-related benefit
Income tax (expense) benefit
- 34 (34) (0.02) Total Continuing Operations Impact 856
$ 314
$ 542
$ 0.24
$ * EPS impact may not add up due to rounding
Q3 2009
Q4 2009
2009
As discussed in the Report on Form 8-K furnished with the Securities and Exchange Commission on April 5, 2010, the financial data presented above reflects: i) the revised presentation of the Company’s operating business segments as a resul realigned business structure, and ii) the reclassification of certain costs, previously recorded as Corporate expenses, from Other and Eliminations to the operating business segments. There was no change in previously reported consolidated Motorola results. This revised financial data supercedes all previously reported financial data.
Motorola, Inc.
Non-GAAP Adjustments (Highlighted Items, Stock-Based Compensation Expense & Intangibles Amortization Expense)
Q1 2009
Q2 2009
TOTAL MDB Home EMS Networks Other/Elims Net Sales
5,371$ 1,801$ 1,025$ 1,599$ 966$ (20)$ Operating earnings (loss)
(449)
$ (545)$ 3$ 66$ 62$ (35)$ Above-OE Non-GAAP adjustments by P&L Stmt Line:Stmt Line Reorganization of business charges Cost of sales 4635 - 6 5 - Stock-based compensation expense Cost of sales 93 1 3 2 - Stock-based compensation expense SG&A and R&D 6729 8 18 12 - Reorganization of business charges Other charges
15893 9 24 7 25 Intangibles amortization expense
Intangibles amortization
71- 14
56
1
- Less: Total above-OE non-GAAP adjustments 351
160321072725Operating earnings (loss) after Non-GAAP adjustments
(98)
$ (385)
$ 35
$ 173
$ 89
$ (10)
$ Operating earnings (loss) as a percentage of net sales - GAAP
-8.4%-30.3%0.3% 4.1% 6.4%175.0% Operating earnings (loss) as a percentage of net sales - after Non-GAAP adjustments
-1.8%
-21.4%
3.4%
10.8%
9.2%
50.0%
TOTAL MDB Home EMS Networks Other/Elims Net Sales
5,497$ 1,829$ 1,013$ 1,685$ 988$ (18)$ Operating earnings (loss)
10
$ (287)$ 18$ 141$ 92$ 46$ Above-OE Non-GAAP adjustments by P&L Stmt Line:Stmt Line Reorganization of business charges Cost of sales 92 2 1 4 - Stock-based compensation expense
Cost of sales 83 1 3 1 - Adjustment to software/silicon platform consolidation reserves Cost of sales (18)(18) - - - - Stock-based compensation expense
SG&A and R&D 6730 9 19 9 - Reorganization of business and other exit charges Other charges 4931 4 6 2 6 Facility impairment charges Other charges 39- - - 39 - Legal settlement
Other charges
(55)- - - - (55) Intangibles amortization expense
Intangibles amortization
70- 15
55
- - Less: Total above-OE non-GAAP adjustments 169
48318455(49)Operating earnings (loss) after Non-GAAP adjustments
179
$ (239)
$ 49
$ 225
$ 147
$ (3)
$ Operating earnings (loss) as a percentage of net sales - GAAP
0.2%-15.7% 1.8%8.4%9.3%-255.6% Operating earnings (loss) as a percentage of net sales - after Non-GAAP adjustments
3.3%
-13.1%
4.8%
13.4%
14.9%
16.7%
TOTAL MDB Home EMS Networks Other/Elims Net Sales
5,453$ 1,692$ 866$ 1,770$ 1,141$ (16)$ Operating earnings (loss)
128
$ (216)$ 20$ 224$ 139$ (39)$ Above-OE Non-GAAP adjustments by P&L Stmt Line:Stmt Line Stock-based compensation expense Cost of sales 83 1 2 2 - Stock-based compensation expense SG&A and R&D 6730 8 20 9 - Environmental reserve
Other charges 24- - - - 24 Separation-related transaction costs Other charges
19- - - - 19 Intangibles amortization expense
Intangibles amortization
69- 14
55
- - Less: Total above-OE non-GAAP adjustments 187
3323771143Operating earnings (loss) after Non-GAAP adjustments
315
$ (183)
$ 43
$ 301
$ 150
$ 4
$ Operating earnings (loss) as a percentage of net sales - GAAP
2.3%-12.8% 2.3%12.7%12.2%24
3.8% Operating earnings (loss) as a percentage of net sales - after Non-GAAP adjustments
5.8%
-10.8%
5.0%
17.0%
13.1%
-25.0%
TOTAL MDB Home EMS Networks Other/Elims Net Sales
5,723$ 1,824$ 1,000$ 1,954$ 964$ (19)$ Operating earnings (loss)
163
$ (167)$ (25)$ 283$ 73$ (1)$ Above-OE Non-GAAP adjustments by P&L Stmt Line:Stmt Line Reorganization of business charges Cost of sales 1910 1 6 2 - Stock-based compensation expense Cost of sales 72 1 3 1 - Stock-based compensation expense SG&A and R&D 6329 8 17 9 - Legal settlements
Other charges 55- 75 - - (20) Reorganization of business and other exit charges Other charges 518 2 23 13 5 Separation-related transaction costs Other charges
23- - - - 23 Intangibles amortization expense
Intangibles amortization
68- 14 54 - Less: Total above-OE non-GAAP adjustments 286
49 101 103 25 8 Operating earnings (loss) after Non-GAAP adjustments
449
$ (118)
$ 76
$ 386
$ 98
$ 7
$ Operating earnings (loss) as a percentage of net sales - GAAP
2.8%-9.2%-2.5%14.5%7.6% 5.3% Operating earnings (loss) as a percentage of net sales - after Non-GAAP adjustments
7.8%
-6.5%
7.6%
19.8%
10.2%
-36.8%
TOTAL MDB Home EMS Networks Other/Elims Net Sales
22,044$ 7,146$ 3,904$ 7,008$ 4,059$ (73)$ Operating earnings (loss)
(148)
$ (1,215)$ 16$ 714$ 366$ (29)$ Above-OE Non-GAAP adjustments by P&L Stmt Line:Stmt Line Reorganization of business charges Cost of sales 7447 3 13 11 - Stock-based compensation expense
Cost of sales 3211 4 11 6 - Adjustment to software/silicon platform consolidation reserves Cost of sales (18)(18) - - - - Stock-based compensation expense
SG&A and R&D 264118 33 74 39 - Reorganization of business and other exit charges Other charges 258132 15 53 22 36 Separation-related transaction costs Other charges 42- - - - 42 Facility impairment Other charges 39- - - 39 - Environmental reserve Other charges 24
- - - - 24 Legal settlements
Other charges
- - 75 - - (75) Intangibles amortization expense
Intangibles amortization
278- 57 220 1 - Less: Total above-OE non-GAAP adjustments 993290 187 371 118 27 Operating earnings (loss) after Non-GAAP adjustments
845
$ (925)
$ 203
$ 1,085
$ 484
$ (2)
$ Operating earnings (loss) as a percentage of net sales - GAAP
-0.7%-17.0%0.4%10.2%9.0%39.7% Operating earnings (loss) as a percentage of net sales - after Non-GAAP adjustments
3.8%
-12.9%
5.2%
15.5%
11.9%
2.7%
Q3 2009
Q4 2009
2009
As discussed in the Report on Form 8-K furnished with the Securities and Exchange Commission on April 5, 2010, the financial data presented above reflects: i) the revised presentation of the Company’s operating business segments as a res a realigned business structure, and ii) the reclassification of certain costs, previously recorded as Corporate expenses, from Other and Eliminations to the operating business segments. There was no change in previously reported consolidated Motorola results. This revised financial data supercedes all previously reported financial data.
Motorola, Inc.
Operating Earnings (Loss) after Non-GAAP Adjustments
Q1 2009
Q2 2009