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Motorola Mobility Holdings, Inc. | ||||||||||||
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GAAP to Non-GAAP Bridge | ||||||||||||
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(In millions, except per share amounts) | ||||||||||||
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Three Months Ended |
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Three Months Ended | ||||||||
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March 31, 2012 |
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April 2, 2011 | ||||||||
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GAAP Results |
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Non-GAAP Adjustments |
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Non-GAAP Results |
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GAAP Results |
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Non-GAAP Adjustments |
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Non-GAAP Results |
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Net revenues |
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$ 3,078 |
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$ - |
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$ 3,078 |
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$ 3,032 |
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$ - |
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$ 3,032 |
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Costs of sales |
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2,324 |
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5 |
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2,319 |
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2,277 |
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4 |
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2,273 |
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Gross margin |
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754 |
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(5) |
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759 |
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755 |
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(4) |
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759 |
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Selling, general and administrative expenses |
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430 |
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25 |
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405 |
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417 |
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21 |
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396 |
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Research and development expenditures |
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366 |
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18 |
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348 |
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357 |
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15 |
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342 |
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Other charges |
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17 |
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17 |
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- |
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1 |
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- |
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1 |
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Intangibles amortization |
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11 |
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11 |
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- |
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16 |
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16 |
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- |
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Operating earnings (loss) |
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(70) |
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(76) |
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6 |
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(36) |
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(56) |
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20 |
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Other income (expense): |
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Interest income (expense), net |
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3 |
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- |
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3 |
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2 |
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- |
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2 |
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Gains on sales of investments |
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- |
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- |
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- |
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- |
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- |
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- |
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Other, net |
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(2) |
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- |
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(2) |
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(17) |
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- |
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(17) |
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Total other income (expense) |
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1 |
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- |
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1 |
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(15) |
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- |
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(15) |
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Earnings (loss) before income taxes |
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(69) |
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(76) |
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7 |
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(51) |
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(56) |
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5 |
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Income tax expense |
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17 |
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- |
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17 |
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30 |
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- |
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30 |
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Net earnings (loss) |
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(86) |
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(76) |
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(10) |
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(81) |
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(56) |
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(25) |
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Basic earnings (loss) per common share |
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$ (0.28) |
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$ (0.25) |
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$ (0.03) |
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$ (0.27) |
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$ (0.19) |
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$ (0.08) |
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Diluted earnings (loss) per common share |
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$ (0.28) |
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$ (0.25) |
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$ (0.03) |
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$ (0.27) |
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$ (0.19) |
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$ (0.08) |
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Weighted average common shares outstanding |
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Basic |
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302.4 |
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302.4 |
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302.4 |
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294.7 |
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294.7 |
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294.7 |
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Diluted |
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302.4 |
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302.4 |
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302.4 |
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294.7 |
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294.7 |
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294.7 |
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Percentage of Net Revenues * | ||||||||||
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Net revenues |
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100.0% |
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100.0% |
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100.0% |
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100.0% |
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Costs of sales |
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75.5% |
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75.3% |
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75.1% |
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75.0% |
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Gross margin |
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24.5% |
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24.7% |
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24.9% |
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25.0% |
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Selling, general and administrative expenses |
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14.0% |
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13.2% |
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13.8% |
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13.1% |
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Research and development expenditures |
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11.9% |
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11.3% |
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11.8% |
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11.3% |
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Other charges |
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0.6% |
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0.0% |
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0.0% |
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0.0% |
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Intangibles amortization |
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0.4% |
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0.0% |
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0.5% |
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0.0% |
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Operating earnings (loss) |
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-2.3% |
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0.2% |
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-1.2% |
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0.7% |
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Other income (expense): |
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Interest income (expense), net |
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0.1% |
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0.1% |
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0.1% |
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0.1% |
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Gains on sales of investments |
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0.0% |
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0.0% |
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0.0% |
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0.0% |
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Other, net |
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-0.1% |
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-0.1% |
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-0.6% |
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-0.6% |
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Total other income (expense) |
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0.0% |
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0.0% |
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-0.5% |
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-0.5% |
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Earnings (loss) before income taxes |
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-2.2% |
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0.2% |
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-1.7% |
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0.2% |
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Income tax expense |
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0.6% |
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0.6% |
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1.0% |
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1.0% |
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Net earnings (loss) |
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-2.8% |
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-0.3% |
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-2.7% |
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-0.8% |
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* Percentages may not add up due to rounding. | ||||||||||||
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