Reliant FORM 10-K manual 2003 2002 2001 2000

(millions of U.S. dollars, except per share amounts)	2003		2002		2001
		As restated*		As restated*
Results of Operations
Revenues	$ 10,193	$	11,008	$	18,900
Research and development expense	1,960		2,083		3,116
Special charges
Goodwill impairment	–		595		11,426
Other special charges	284		1,500		3,390
Operating earnings (loss)	45		(3,072)		(25,020)
Other income (expense) — net	445		(5)		(506)
Income tax benefit (expense)	80		468		2,751
Net earnings (loss) from continuing operations	262		(2,893)		(23,270)
Net earnings (loss) from discontinued operations — net of tax	184		(101)		(2,467)
Cumulative effect of accounting changes — net of tax	(12)		–		15
Net earnings (loss)	434		(2,994)		(25,722)
Basic earnings (loss) per common share
— from continuing operations	0.06		(0.75)		(7.30)
— from discontinued operations	0.04		(0.03)		(0.78)
Basic earnings (loss) per common share	0.10		(0.78)		(8.08)
Diluted earnings (loss) per common share
— from continuing operations	0.06		(0.75)		(7.30)
— from discontinued operations	0.04		(0.03)		(0.78)
Diluted earnings (loss) per common share	0.10		(0.78)		(8.08)
Dividends declared per common share	–		–		0.0375

(millions of U.S. dollars)	2003		2002		2001		2000**
		As restated*		As restated*		As restated*
Financial Position as of December 31
Total assets	$ 16,591	$	16,961	$	21,971	$	44,337
Total debt	4,027		4,233		5,212		2,454
Minority interests in subsidiary companies	617		631		654		758
Total shareholders’ equity	3,945		3,053		4,808		27,862

See notes 4, 7 and 10 to the accompanying consolidated financial statements for the impact of accounting changes, special charges and acquisitions, divestitures and closures, respectively, that affect the comparability of the above selected financial data.

*See note 3 to the accompanying consolidated financial statements.

**Total assets as of December 31, 2000 increased by $1,744 as a result of the Second Restatement, primarily due to increases in inventories — net and deferred income taxes- net. Accumulated deficit as of December 31, 2000, increased by $1,432 as a result of the Second Restatement, as further described below.

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