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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,2541,0011,2461,2051,0301,9804,200
Cash and cash equivalents1,2541,0011,2461,2051,0301,9803,954
Short-term investments      246
Receivables1,3901,4121,2931,5411,4101,3621,409
Inventory, net of allowances, customer advances and progress billings508447356327273296345
Inventory508447356327273296345
Contract with customer, asset9331,0461,012
Disposal group, including discontinued operation     27 
Costs in excess of billings   417
Other current assets242272354832755917740
Other undisclosed current assets  1145  (232)
Total current assets:4,3274,1784,2723,9503,4684,5826,879
Noncurrent Assets
Operating lease, right-of-use asset468554
Property, plant and equipment1,022992895856789487549
Long-term investments and receivables158159191266238268347
Long-term investments158159169247238268316
Accounts and financing receivable, after allowance for credit loss  2219  31
Intangible assets, net (including goodwill)3,4533,3942,7441,799728420406
Goodwill2,2192,0671,514938728420383
Intangible assets, net (excluding goodwill)1,2341,3271,230861  23
Disposal group, including discontinued operation, noncurrent assets     40 
Deferred income tax assets966943
Other noncurrent assets4824223443331,021312145
Deferred tax assets, net   2,2782,151
Other undisclosed noncurrent assets  9631,0042,219 (54)
Total noncurrent assets:6,5496,4645,1374,2584,9953,8053,544
TOTAL ASSETS:10,87610,6429,4098,2088,4638,38710,423
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,9231,9741,8022,8792,6642,1892,527
Accounts payable612618592593553518540
Accrued liabilities1,3111,3561,2102,2862,1111,6711,706
Employee-related liabilities      190
Taxes payable      91
Deferred revenue1,5541,449
Debt12163152444
Deferred revenue and credits   355
Contract with customer, liability1,263
Other undisclosed current liabilities      (636)
Total current liabilities:3,4893,4393,0962,9312,6682,1932,250
Noncurrent Liabilities
Long-term debt and lease obligation5,5655,6105,2894,4194,3924,3863,396
Long-term debt, excluding current maturities5,1635,1135,2894,4194,3924,3863,396
Operating lease, liability402497
Liabilities, other than long-term debt2,3632,2762,3002,5852,3551,9043,810
Deferred revenue and credits   139
Liability, pension and other postretirement and postemployment benefits      1,660
Other liabilities2,3632,2762,3002,5852,3551,9042,011
Other undisclosed noncurrent liabilities      (1,799)
Total noncurrent liabilities:7,9287,8867,5897,0046,7476,2905,407
Total liabilities:11,41711,32510,6859,9359,4158,4837,657
Stockholders' equity
Stockholders' equity attributable to parent(558)(700)(1,293)(1,742)(964)(106)2,735
Common stock2222222
Additional paid in capital759499419351203421,178
Accumulated other comprehensive loss(2,446)(2,440)(2,765)(2,562)(2,317)(1,866)(1,855)
Retained earnings1,1271,2391,0514671,1481,7163,410
Stockholders' equity attributable to noncontrolling interest17171715121031
Total stockholders' equity:(541)(683)(1,276)(1,727)(952)(96)2,766
TOTAL LIABILITIES AND EQUITY:10,87610,6429,4098,2088,4638,38710,423

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues7,4147,8877,3436,3806,0385,6955,881
Revenue, net6,3806,0385,6955,881
Cost of revenue
(Cost of Goods and Services Sold)
(3,806)(3,956)(3,863)(3,356)(3,169)(2,976)(3,050)
Gross profit:3,6083,9313,4803,0242,8692,7192,831
Operating expenses(1,979)(2,090)(1,891)(1,742)(1,802)(1,725)(3,901)
Other operating expense, net(246)(260)(334)    
Other undisclosed operating income      64
Operating income (loss):1,3831,5811,2551,2821,067994(1,006)
Nonoperating expense(209)(580)(153)(206)(223)(77)(155)
Investment income, nonoperating13171814201321
Other nonoperating income (expense)13(365)53(8)(12)(11)(34)
Interest and debt expense(233)(50)6(215)(2)(186)(184)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes23350(6)2152186184
Income (loss) from continuing operations before income taxes:1,1741,0011,1021,076844917(1,161)
Income tax expense (benefit)(221)(130)(133)(1,227)(282)(274)465
Income (loss) from continuing operations:953871969(151)562643(696)
Income (loss) from discontinued operations     (30)1,996
Net income (loss):953871969(151)5626131,300
Net loss attributable to noncontrolling interest(4)(3)(3)(4)(2)(3)(1)
Net income (loss) available to common stockholders, diluted:949868966(155)5606101,299

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):953871969(151)5626131,300
Other comprehensive income (loss)(6)325(203)(245)(451)(11)432
Comprehensive income (loss):9471,196766(396)1116021,732
Comprehensive loss, net of tax, attributable to noncontrolling interest(4)(3)(3)(4)(2)(3)(1)
Comprehensive income (loss), net of tax, attributable to parent:9431,193763(400)1095991,731

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: