EX-99.2 3 c16704exv99w2.htm UPDATED FINANCIAL INFORMATION exv99w2
 

Exhibit 99.2
Motorola, Inc. and Subsidiaries
Immaterial Adjustments
(In millions)
Summarized below are the changes to the Company’s Net sales, Costs of sales and Gross margin due to the immaterial adjustment relating to an elimination of inter-segment sales relating to a business within our Home and Networks Mobility segment.
                                                 
    Year Ended December 31, 2004     Year Ended December 31, 2005     Year Ended December 31, 2006  
    As Reported     Adjusted     As Reported     Adjusted     As Reported     Adjusted  
 
                                               
Net sales
  $ 29,663     $ 29,680     $ 35,262     $ 35,310     $ 42,879     $ 42,847  
Costs of sales
    19,698       19,715       23,833       23,881       30,152       30,120  
 
                                   
Gross margin
  $ 9,965     $ 9,965     $ 11,429     $ 11,429     $ 12,727     $ 12,727  
 
                                   
                                         
               Quarter Ended April 1, 2006           Quarter Ended July 1, 2006     
            As Reported     Adjusted     As Reported     Adjusted  
 
                                       
Net sales
          $ 9,608     $ 9,632     $ 10,876     $ 10,820  
Costs of sales
            6,677       6,701       7,519       7,463  
 
                               
Gross margin
          $ 2,931     $ 2,931     $ 3,357     $ 3,357  
 
                               
                                         
            Quarter Ended September 30, 2006     Quarter Ended December 31, 2006  
            As Reported     Adjusted     As Reported     Adjusted  
 
                                       
Net sales
          $ 10,603     $ 10,603     $ 11,792     $ 11,792  
Costs of sales
            7,233       7,233       8,723       8,723  
 
                               
Gross margin
          $ 3,370     $ 3,370     $ 3,069     $ 3,069  
 
                               
Summarized below are the changes to the Company’s Consolidated Statements of Cash Flow and Consolidated Balance Sheets due to the immaterial adjustment relating to a change in classification of certain deposits between Cash and cash equivalents and Short-term investments. There was no impact on net cash provided by operating activities.
Impact to Consolidated Balance Sheets:
                                 
    September 30, 2006     December 31, 2006  
    As Reported     Adjusted     As Reported     Adjusted  
 
                               
Cash and cash equivalents
  $ 3,015     $ 2,750     $ 3,212     $ 2,816  
Short-term investments
    211       476       224       620  
 
                       
 
  $ 3,226     $ 3,226     $ 3,436     $ 3,436  
Impact to Consolidated Statements of Cash Flows:
                                                 
    Nine Months Ended September 30, 2006     Year Ended December 31, 2006     Three Months Ended March 31, 2007  
    As Reported     Adjusted     As Reported     Adjusted     As Reported     Adjusted  
 
                                               
Purchases of short-term investments
  $ (67 )   $ (332 )   $ (80 )   $ (476 )   $ (577 )   $ (181 )
 
                                               
Net cash provided by (used for) investing activities from continuing operations
    (998 )     (1,263 )     (1,048 )     (1,444 )     2,091       2,487  
 
                                               
Cash and cash equivalents, beginning of year
  $ 3,774     $ 3,774     $ 3,774     $ 3,774     $ 3,212     $ 2,816  
 
                                               
Net decrease in cash and cash equivalents
    (759 )     (1,024 )     (562 )     (958 )     (475 )     (79 )
 
                                   
Cash and cash equivalents, end of period
  $ 3,015     $ 2,750     $ 3,212     $ 2,816     $ 2,737     $ 2,737