NRTLQ Financials 07/16/2014 07:53:33 Nortel Netwo
Post# of 4
Nortel Networks Corp. (Holding Co.)
Period Ending Dec 31, 2011 Dec 31, 2010
Total Revenue 27,000 620,000
Cost of Revenue 41,000 532,000
Gross Profit (14,000) 88,000
Operating Expenses
Research and Development - 107,000
Sales, General and Admin. 100,000 234,000
Non-Recurring Items 3,000 3,000
Other - -
Operating Income (117,000) (256,000)
Income From Continuing Operations
Add'l Income/Expense Items 4,142,000 (3,637,000)
Earnings Before Interest and Tax 4,025,000 (3,893,000)
Interest Expense 324,000 306,000
Earnings Before Tax 3,701,000 (4,199,000)
Income Tax 9,000 (40,000)
Minority Interest 21,000 14,000
Equity Earnings Unconsolidated Subsidiary - (51,000)
Net Income Cont. Operations 3,692,000 (4,210,000)
Non Recurring Events
Discontinued Operations (1,000) 24,000
Extraordinary Items - -
Effect of Accounting Changes - -
Other Items - -
Net Income 3,670,000 (4,200,000)
Preferred Stock and Other Adjustments - -
Net Income Applicable to Common Shareholders 3,670,000 (4,200,000)