Motorola Solutions, Inc. (MSI) financial statements (2021 and earlier)

Company profile

Business Address 500 W. MONROE ST.
CHICAGO, IL 60661
State of Incorp. DE
Fiscal Year End December 31
SIC 3663 - Radio and Television Broadcasting and Communications Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,0011,1389538861,246839878
Cash and cash equivalents1,0011,1389538861,246839878
Receivables1,4121,2951,2061,1501,2931,1861,175
Inventory, net of allowances, customer advances and progress billings447460424425356367391
Inventory447460424425356367391
Contract with customer, asset1,0469219138781,012  
Other current assets272338324364354350330
Other undisclosed current assets 2111111922807
Total current assets:4,1784,1543,8313,7144,2723,6643,581
Noncurrent Assets
Operating lease, right-of-use asset554561567 
Property, plant and equipment992963940937895892895
Long-term investments and receivables159159175183191194186
Long-term investments159159175163169176172
Accounts and financing receivable, after allowance for credit loss   20221814
Intangible assets, net (including goodwill)3,3943,3373,1843,2762,7442,8382,868
Goodwill2,0672,0061,8521,8601,5141,5411,528
Intangible assets, net (excluding goodwill)1,3271,3311,3321,4161,2301,2971,340
Deferred income tax assets943866913 
Other noncurrent assets422333364357344444420
Other undisclosed noncurrent assets   1,526963931931
Total noncurrent assets:6,4646,2196,1436,2795,1375,2995,300
TOTAL ASSETS:10,64210,3739,9749,9939,4098,9638,881
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,9741,8161,6611,7931,8021,6241,526
Accounts payable618557544558592456430
Accrued liabilities1,3561,2591,1171,2351,2101,1681,096
Deferred revenue1,4491,2231,187 
Debt16617282831337347
Accrued environmental loss contingencies     4 
Contract with customer, liability1,1581,263  
Other undisclosed current liabilities     1,1231,049
Total current liabilities:3,4393,6562,8762,9793,0963,0882,922
Noncurrent Liabilities
Long-term debt and lease obligation5,6105,6115,8195,2875,2895,0955,298
Long-term debt, excluding current maturities5,1135,1125,3155,2875,2895,0955,298
Operating lease, liability497499504 
Liabilities, other than long-term debt2,2762,1902,2332,2642,3002,1752,153
Other liabilities2,2762,1902,2332,2642,3002,1752,153
Other undisclosed noncurrent liabilities   553   
Total noncurrent liabilities:7,8867,8018,0528,1047,5897,2707,451
Total liabilities:11,32511,45710,92811,08310,68510,35810,373
Stockholders' equity
Stockholders' equity attributable to parent(700)(1,101)(970)(1,108)(1,293)(1,411)(1,507)
Common stock2222222
Additional paid in capital499436714651419370444
Accumulated other comprehensive loss(2,440)(2,759)(2,737)(2,724)(2,765)(2,571)(2,580)
Retained earnings1,2391,2201,0519631,051788627
Stockholders' equity attributable to noncontrolling interest17171618171615
Total stockholders' equity:(683)(1,084)(954)(1,090)(1,276)(1,395)(1,492)
TOTAL LIABILITIES AND EQUITY:10,64210,3739,9749,9939,4098,9638,881

Income statement (P&L) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues2,3761,9941,8601,6572,2541,8621,760
Cost of revenue
(Cost of Goods and Services Sold)
(1,156)(987)(929)(884)(1,166)(961)(938)
Gross profit:1,2201,0079317731,088901822
Operating expenses(550)(531)(521)(489)(501)(481)(478)
Other operating expense, net(80)(63)(61)(55)(71)(126)(71)
Operating income:590413349229516294273
Nonoperating expense(397)(65)(74)(44)(51)(24)(46)
Other nonoperating income (expense)(343)(11)(21)1082913
Interest and debt expense128(60)(43)(60) 6(63)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes50   (6)  
Income from continuing operations before equity method investments, income taxes:371288232125459276164
Other undisclosed income (loss) from continuing operations before income taxes(178)6043606(6)63
Income from continuing operations before income taxes:193348275185465270227
Income tax expense (benefit)50(80)(67)(33)(42)(22)(46)
Net income:243268208152423248181
Net loss attributable to noncontrolling interest (1)(1)(1)(1)(1)(1)
Net income available to common stockholders, diluted:243267207151422247180

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:243268208152423248181
Other comprehensive income (loss)319(22)(13)41(194)9(72)
Comprehensive income:562246195193229257109
Comprehensive loss, net of tax, attributable to noncontrolling interest (1)(1)(1)(1)(1)(1)
Comprehensive income, net of tax, attributable to parent:562245194192228256108

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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