Motorola Solutions (MSI) 8-K Results of Operations and Financial Condition

EXHIBIT 99.1

Motorola, Inc. and Subsidiaries
Condensed Consolidated Statements of Operations
(In millions, except per share amounts)

	Quarter Ended			Quarter Ended
	April 2, 2005			April 3, 2004
Net sales	$	8,161		$	7,441
Costs of sales		5,491			5,075
Gross margin		2,670			2,366
Selling, general and administrative expenses		1,001			970
Research and development expenditures		811			725
Other charges		(7	)		(14	)
Operating earnings		865			685
Other income (expense):
Interest expense, net		(8	)		(68	)
Gains on sales of investments and businesses		239			138
Other		(9	)		(21	)
Total other income		222			49
Earnings from continuing operations before income taxes		1,087			734
Income tax expense		395			268
Earnings from continuing operations		692			466
Earnings from discontinued operations, net of tax		—			143
Net earnings	$	692		$	609
Earnings per common share
Basic:
Continuing operations	$	0.28		$	0.20
Discontinued operations		—			0.06
	$	0.28		$	0.26
Diluted:
Continuing operations	$	0.28		$	0.19
Discontinued operations		—			0.06
	$	0.28		$	0.25
Weighted average common shares outstanding
Basic		2,447.1			2,337.2
Diluted		2,487.1			2,451.0
Dividends paid per share	$	0.04		$	0.04

Motorola, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(In millions)

ASSETS	April 2,		December 31,
	2005		2004
Cash, cash equivalents and ST investments	$	11,300	$	10,708
Accounts receivable, net		4,666		4,525
Inventories, net		2,480		2,546
Deferred income taxes		1,383		1,541
Other current assets		1,857		1,795
Total current assets		21,686		21,115
Property, plant and equipment, net		2,292		2,332
Investments		2,754		3,241
Deferred income taxes		2,370		2,353
Other assets		1,881		1,881
Total assets	$	30,983	$	30,922
LIABILITIES AND STOCKHOLDERS’ EQUITY
Notes payable and current portion of long-term debt	$	712	$	717
Accounts payable		2,952		3,330
Accrued liabilities		6,640		6,559
Total current liabilities		10,304		10,606
Long-term debt		4,577		4,578
Other liabilities		2,324		2,407
Stockholders’ equity		13,778		13,331
Total liabilities and stockholders’ equity	$	30,983	$	30,922

Motorola, Inc. and Subsidiaries
Segment Information
(In millions)

Summarized below are the Company’s net sales and operating earnings (loss) by reportable segment for the quarters ended April 2, 2005 and April 3, 2004.

	Segment Net Sales
	Quarter Ended			Quarter Ended			% Change
	April 2, 2005			April 3, 2004			from 2004
Mobile Devices	$	4,414		$	4,153			6	%
Networks		1,657			1,444			15	%
Government & Enterprise Mobility Solutions		1,503			1,444			4	%
Connected Home Solutions		662			456			45	%
Other/Eliminations		(75	)		(56	)		34	%
Segment Totals	$	8,161		$	7,441			10	%

	Operating Earnings (Loss)
	GAAP Results
	Quarter Ended			Quarter Ended
	April 2, 2005			April 3, 2004
Mobile Devices	$	440		$	406
Networks		234			116
Government & Enterprise Mobility Solutions		167			209
Connected Home Solutions		19			25
Other		(4	)		(69	)
Eliminations		9			(2	)
Segment Totals	$	865		$	685