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Five Year Financial Summary
Years ended December 31
Motorola, Inc. and Consolidated Subsidiaries
(In millions, except as noted)
1990
1989
1988
1987
1986
Operating
Results
Net sales
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 as a percent of sales
810,885
6,882
2,414
790
133
10,219
666
167
*
499
4.6%
$9,620
5,905
2,289
650
130
8,974
646
148
$ 498
5.2%
$8,250
5,040
1,957
543
98
7,638
612
167
$ 445
5.4%
$6,727
4,071
1,665
494
79
6,309
418
110
$ 308
4.6%
$5,905
3,656
1,437
459
86
5,638
267
73
$ 194
3.3%
Per Share
Data
(In dollars)
Net earnings
Dividends declared
$
3.80
.76
$ 3.83
.76
$ 3.43
.67
$ 2.39
.64
$ 1.53
.64
Total assets
Working capital
Long-term debt
Total debt
Total stockholders' equity
$ 8,742
1,404
792
1,787
$ 4,257
1.46
9.4%
12.3%
105.0
131.3
$7,686
1,261
755
1,542
$3,803
1.48
10.3%
13.9%
104.0
130.0
$6,710
758
343
1,381
$3,375
1.29
11.0%
13.9%
102.0
129.6
$5,517
932
344
917
$3,008
1.52
8.8%
10.7%
97.7
128.9
$4,826
803
334
786
$2,754
1.54
5.9%
7.4%
94.4
126.5
Other Data
Current ratio
Return on average invested capital
Return on average stockholders' equity
Year-end employment (in thousands)
Average shares outstanding
Quarterly and Other Financial Data
(In millions, except per share amounts)
(Unaudited)
Net sales
Gross profit
Net earnings
Net earnings per share
Dividends declared and paid
Stock prices:
High
Low
1st
82,533
904
127
.98
.19
69.88
54.50
1990Quarte«
2nd
$2,715
1,024
161
1.22
.19
88.13
64.13
3rd
$2,703
980
102
.78
.19
88.13
59.13
4th
$2,934
1,095
109
.82
.19
66.50
49.88
1st
$2,175
842
123
.95
.19
47.63
39.50
1989 Quarters
2nd
$2,385
960
154
1.18
.19
60.38
41.13
3rd
$2,408
886
89
.69
.19
62.00
51.00
4th
$2,652
1,027
132
1.01
.19
61.75
53.00
The number of holders of record of Motorola Common Stock on January 31,1991 was 15,020.
36
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