Motorola 8167 User Manual - Page 29

Statements of Consolidated Earnings Years ended December 31 (In millions, except per share amounts) Net sales Costs and expenses Manufacturing and other costs of sales Selling, general and administrative expenses Depreciation expense Interest expense, net Total costs and expenses Earnings before income taxes Income taxes provided on earnings Net earnings Net earnings per share Average shares outstanding 1990 $10,885 Motorola, Inc. and Consolidated Subsidiaries 1989 1988 $9,620 $8,250 6,882 2,414 790 133 10,219 666 167 * 499 $ 3.80 131.3 5,905 2,289 650 130 8,974 646 148 $ 498 $ 3.83 130.0 5,040 1,957 543 98 7,638 612 167 $ 445 $ 3.43 129.6 Statements of Consolidated Stockholders' Equity Years ended December 31 (In millions, except per share amounts) Balances at January 1 Net earnings Stock option plans Dividends declared ($.76 per share in 1990 and 1989 and $.67 per share in 1988) Balances at December 31 See accompanying notes to consolidatedfinancialstatements. Common Stock and Additional Paid-in Capital 1990 1989 1988 $1,269 $1,240 $1,231 55 29 $1,324 $1,269 $1,240 Retained Earnings 1990 1989 1988 $2,534 499 $2,135 498 1,777 445 (100) (99) (87) $2,933 $2,534 $2,135 27