Motorola announced the financial results of its work over the last year
Company Motorola, as promised, today announced its financial results for the previous fourth quarter 2008 and full fiscal year. Summary of the Company are as follows:
• Sales of the fourth quarter totaled $ 7.1 billion
• Net loss of 4 th quarter was $ 1.57 per share, including $ 1.56 on such elements as a reserve for revaluation of assets Deferred tax assets ($ 0.91), the weakening of goodwill ($ 0.21), deterioration of investments ($ 0.09), the costs of the restructuring of the business ($ 0.05), the weakening of the investment fund Sigma Fund ($ 0,01), etc.
• The implementation of operations to reduce costs by approximately $ 1.5 billion in 2009
• Positive operating cash flow in the 4 th quarter was $ 201 million ($ 242 million per year), and combined cash flow - $ 7.4 billion
• Suspension of quarterly dividend, payable in cash on the simple actions
• The turnover unit Home and Networks Mobility were $ 2.6 billion, operating profit rose to $ 257 million, an increase of 34% compared to the 4 th quarter of 2007.
• The turnover unit Mobile Devices was $ 2.35 billion; shipped 19.2 million phones
• The turnover unit Enterprise Mobility Solutions was $ 2.2 billion, operating profit rose to $ 466 million, an increase of 3% compared to the fourth quarter of 2007.
With regard to units (Mobile Devices), responsible for the production of mobile phones, the turnover of the 4 th quarter of 2008 ($ 2.35 billion) was 51% lower than during the same period in 2007. Operating loss was $ 595 million (including $ 119 million in respect of items described in the loss per share), while a year ago they were still $ 388 million Annual (2008) unit turnover amounted to $ 12.1 billion, a 36% lower compared to 2007 operating loss for the year amounted to $ 2.2 billion (in 2007 - $ 1.2 billion). Its share of the market, the company estimates at 6.5% (from 19.2 million phones shipped in the 4 th quarter).
• Sales of the fourth quarter totaled $ 7.1 billion
• Net loss of 4 th quarter was $ 1.57 per share, including $ 1.56 on such elements as a reserve for revaluation of assets Deferred tax assets ($ 0.91), the weakening of goodwill ($ 0.21), deterioration of investments ($ 0.09), the costs of the restructuring of the business ($ 0.05), the weakening of the investment fund Sigma Fund ($ 0,01), etc.
• The implementation of operations to reduce costs by approximately $ 1.5 billion in 2009
• Positive operating cash flow in the 4 th quarter was $ 201 million ($ 242 million per year), and combined cash flow - $ 7.4 billion
• Suspension of quarterly dividend, payable in cash on the simple actions
• The turnover unit Home and Networks Mobility were $ 2.6 billion, operating profit rose to $ 257 million, an increase of 34% compared to the 4 th quarter of 2007.
• The turnover unit Mobile Devices was $ 2.35 billion; shipped 19.2 million phones
• The turnover unit Enterprise Mobility Solutions was $ 2.2 billion, operating profit rose to $ 466 million, an increase of 3% compared to the fourth quarter of 2007.
With regard to units (Mobile Devices), responsible for the production of mobile phones, the turnover of the 4 th quarter of 2008 ($ 2.35 billion) was 51% lower than during the same period in 2007. Operating loss was $ 595 million (including $ 119 million in respect of items described in the loss per share), while a year ago they were still $ 388 million Annual (2008) unit turnover amounted to $ 12.1 billion, a 36% lower compared to 2007 operating loss for the year amounted to $ 2.2 billion (in 2007 - $ 1.2 billion). Its share of the market, the company estimates at 6.5% (from 19.2 million phones shipped in the 4 th quarter).
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