Motorola 8167 User Manual - Page 37

Motorola 8167 - Timeport Cell Phone Manual

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(In millions, except as noted) Motorola, Inc. and Consolidated Subsidiaries Geographic area information* as of and for the years ended December 31 Net Sales Operating Profit 1990 1989 1988 1990 1989 United States $ 8,759 $ 8,123 $ 7,017 $682 7.8% $ 623 7.7% Other nations 5,896 4,910 3,968 308 5.2% 313 6.4% Adjustments and eliminations (3,770) (3,413) (2,735) (39) (41) - Geographic totals $10,885 $ 9,620 $ 8,250 951 8.7% 895 9.3% General corporate expenses (152) (119) Interest expense, net (133) (130) Earnings before income taxes $ 6 6 6 6.1% $ 646 6.7% 1988 $628 8.9% 228 5.7% (52) 804 9.7% (94) (98) $612 7.4% United States Other nations Adjustments and eliminations Geographic totals General corporate assets r Consolidated totals 1990 $5,041 3,084 (122) 8,003 739 $8,742 Assets 1989 $4,653 2,605 (129) 7,129 557 $7,686 1988 $4,131 2,211 (90) 6,252 458 $6,710 *As measured by the locale of the revenue-producing operations. The Company operates predominantly in the electronic equipment, systems, and components industry. Operations involve the design, manufacture and sale of a diversified line of products, which include, but are not limited to, two-way radios, pagers, cellular telephones and systems; semiconductors, including integrated circuits and microprocessor units; data communication and distributive data processing equipment and systems; and electronic equipment and industrial electronics products. Manufacturing and distribution operations in any one foreign country do not account for more than 10% of consolidated Net sales or Total assets. Operating profit (revenues less operating expenses) excludes general corporate expenses, net interest and income taxes. Intersegment sales, principally semiconductor components, amounted to $489 million for 1990, $382 million for 1989 and $298 million for 1988. Interseg- ment and intergeographic transfers are accounted for on an arm's length pricing basis and comply with domestic and foreign tax regulations. Identifiable assets (excluding intersegment receivables) are the Company's assets that are identified to classes of similar products or operations in each geographical area. Corporate assets are primarily administrative headquarters, cash, and marketable securities. Sales to United States Federal government agencies aggregated $1.08 billion for 1990, $1.07 billion for 1989 and $1.05 billion for 1988. No other single customer or group under common control represented 10% or more of the Company's sales. The equity in net assets of non-U.S. subsidiaries amounted to $1.84 billion at December 31,1990 and $1.58 billion at December 31,1989. 10 Stockholder Rights Plan The Company previously distributed a dividend of one preferred share purchase right on each share of the Company's common stock outstanding on November 20, 1988. Each share of common stock issued thereafter also received one right. Each right may be exercised to buy one-thousandth of a share of the Company's Junior Participating Preferred Stock, Series A at an exercise price of $150 per one-thousandth of a share (subject to adjustment) if a person or group acquires 20% or more of the Company's common stock or announces a tender or exchange offer for 30% or more of the Company's common stock. The rights have no voting power, expire on November 20,1998 and may be redeemed at a price of $.05 per right prior to the public announcement that 20% or more of the Company's shares have been accumulated by a person or group. If the Company is acquired in a merger or other combination transaction or 50% or more of its assets or earning power are sold at any time after the rights become exercisable, each right entitles the holder to buy a number of shares of common stock of the acquiring company having a market value of twice the exercise price of the right. If a person or group acquires 20% or more of the Company's common stock or if a 20% holder merges with the Company without exchange of the Company's common stock or engages in specified selfdealing transactions with the Company, each right, not owned by such holder, entitles its holder to buy a number of shares of the Company having a market value of twice the exercise price of the right. If one of the events in the prior sentence occurs, the Board of Directors may initially exchange one outstanding and exercisable right for one share of the Company's common stock (or the equivalent). The Board may suspend the exercisability of the rights in specified circumstances. 35

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(In millions, except as noted)
Motorola, Inc. and Consolidated Subsidiaries
Geographic area
information*
as of and for the
years ended December
31
Net
Sales
United States
Other nations
Adjustments
and
eliminations
Geographic totals
General corporate expenses
Interest
expense,
net
Earnings before income taxes
United States
Other nations
Adjustments
and
eliminations
Geographic totals
General corporate assets
r
Consolidated totals
1990
$
8,759
5,896
(3,770)
$10,885
1989
$ 8,123
4,910
(3,413)
$
9,620
1988
$ 7,017
3,968
(2,735)
$
8,250
1990
$682
308
(39)
951
(152)
(133)
$666
7.8%
5.2%
8.7%
6.1%
Operating Profit
1989
$ 623
7.7%
313
6.4%
(41)
-
895
9.3%
(119)
(130)
$ 646
6.7%
1990
$5,041
3,084
(122)
8,003
739
$8,742
1988
$628
228
(52)
804
(94)
(98)
$612
Assets
1989
$4,653
2,605
(129)
7,129
557
$7,686
8.9%
5.7%
9.7%
7.4%
1988
$4,131
2,211
(90)
6,252
458
$6,710
*As
measured
by
the locale
of the
revenue-producing
operations.
The Company operates predominantly in the electronic
equipment, systems, and components industry. Opera-
tions involve the design, manufacture and sale of a
diversified line of products, which include, but are not
limited to, two-way radios, pagers, cellular telephones and
systems; semiconductors, including integrated circuits
and microprocessor units; data communication and dis-
tributive data processing equipment and systems; and
electronic equipment and industrial electronics products.
Manufacturing and distribution operations in any one
foreign country do not account for more than 10% of
consolidated Net sales or Total assets.
Operating profit (revenues less operating expenses)
excludes general corporate expenses, net interest and
income taxes. Intersegment sales, principally semicon-
ductor components, amounted to $489 million for 1990,
$382 million for 1989 and $298 million for 1988. Interseg-
ment and intergeographic transfers are accounted for on
an arm's length pricing basis and comply with domestic
and foreign tax regulations.
Identifiable assets (excluding intersegment receivables)
are the Company's assets that are identified to classes of
similar products or operations in each geographical area.
Corporate assets are primarily administrative head-
quarters, cash, and marketable securities.
Sales to United States Federal government agencies
aggregated $1.08 billion for 1990, $1.07 billion for 1989
and $1.05 billion for
1988.
No other single customer or
group under common control represented
10%
or more of
the Company's sales.
The equity in net assets of
non-U.S.
subsidiaries
amounted to $1.84 billion at December 31,1990 and
$1.58 billion at December 31,1989.
10
Stockholder
Rights Plan
The Company previously distributed a dividend of one
preferred share purchase right on each share of the
Company's common stock outstanding on November 20,
1988.
Each share of common stock issued thereafter also
received one right. Each right may be exercised to buy
one-thousandth of a share of the Company's Junior
Participating Preferred Stock, Series
A
at an exercise price
of $150 per one-thousandth of a share (subject to adjust-
ment) if a person or group acquires 20% or more of the
Company's common stock or announces a tender or
exchange offer for
30%
or more of the Company's common
stock.
The rights have no voting power, expire on
November 20,1998 and may be redeemed at a price of
$.05 per right prior to the public announcement that 20%
or more of the Company's shares have been accumulated
by a person or group. If the Company is acquired in a
merger or other combination transaction or 50% or more
of its assets or earning power are sold at any time after
the rights become exercisable, each right entitles the
holder to buy a number of shares of common stock of the
acquiring company having a market value of twice the
exercise price of the right. If a person or group acquires
20%
or more of the Company's common stock or if a 20%
holder merges with the Company without exchange of the
Company's common stock or engages in specified
self-
dealing transactions with the Company, each right, not
owned by such holder, entitles its holder to buy a number
of shares of the Company having a market value of twice
the exercise price of the right. If one of the events in
the prior sentence occurs, the Board of Directors may
initially exchange one outstanding and exercisable right
for one share of the Company's common stock (or the
equivalent).
The Board may suspend the exercisability of
the rights in specified circumstances.
35