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On December 15 and 16, 2004, we sold certain notes receivable and convertible notes receivable that had been received as a result of the
restructuring of a customer financing arrangement for cash proceeds of $116. The net carrying amount of the notes receivable and convertible
notes receivable was $56.
On December 23, 2004, a customer financing arrangement was restructured. The notes receivable that were restructured had a net carrying
amount as of December 31, 2003 of $13, net of provisions for doubtful accounts of $147 ($55 of the provision is included in discontinued
operations). We are currently assessing the value of the restructured notes receivable and expect that an increase in value from the net carrying
amount has occurred.
Results of operations — continuing operations
Segment revenues
The following table summarizes our revenues for 2003, 2002 and 2001 by segment:
“Other” represented miscellaneous business activities and corporate functions.
Geographic revenues
The following table summarizes our geographic revenues based on the location of the customer:
Consolidated revenues
The following chart summarizes our quarterly revenues during 2003 and 2002:
54
Customer financin
g
arran
g
ements
For the years ended December 31, 2003 vs 2002 2002 vs 2001
2003 2002 2001 $ Change % Change $ Change % Change
Wireless Networks $ 4,389 $ 4,161 $ 5,699 $ 228 5 $ (1,538) (27)
Enterprise Networks 2,589 2,422 3,222 167 7 (800) (25)
Wireline Networks 2,005 2,572 4,328 (567) (22) (1,756) (41)
Optical Networks 1,179 1,820 5,050 (641) (35) (3,230) (64)
Other
(a)
31 33 601 (2) (6) (568) (95)
Consolidated
$ 10,193 $ 11,008 $ 18,900 $ (815) (7) $ (7,892) (42)
For the years ended December 31, 2003 vs 2002 2002 vs 2001
2003 2002 2001 $ Change % Change $ Change % Change
United States $ 5,424 $ 5,823 $ 10,136 $ (399) (7) $ (4,313) (43)
EMEA
(a)
2,366 2,500 4,380 (134) (5) (1,880) (43)
Canada 587 648 1,076 (61) (9) (428) (40)
Asia Pacific 1,307 1,483 2,289 (176) (12) (806) (35)
CALA
(b)
509 554 1,019 (45) (8) (465) (46)
Consolidated
$ 10,193 $ 11,008 $ 18,900 $ (815) (7) $ (7,892) (42)
(a) The Europe, Middle East and Africa region, or EMEA.
(b) The Caribbean and Latin America region, or CALA.