Motorola Solutions, Inc. (MSI) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,8741,2541,0011,2461,2051,0301,980
Cash and cash equivalents1,8741,2541,0011,2461,2051,0301,980
Receivables1,3861,3901,4121,2931,5411,4101,362
Inventory, net of allowances, customer advances and progress billings788508447356327273296
Inventory788508447356327273296
Contract with customer, asset1,1059331,0461,012
Disposal group, including discontinued operation      27
Other current assets259242272354832755917
Other undisclosed current assets   1145  
Total current assets:5,4124,3274,1784,2723,9503,4684,582
Noncurrent Assets
Operating lease, right-of-use asset382468554
Property, plant and equipment 1,022992895856789487
Long-term investments and receivables209158159191266238268
Long-term investments209158159169247238268
Accounts and financing receivable, after allowance for credit loss   2219  
Intangible assets, net (including goodwill)3,6703,4533,3942,7441,799728420
Goodwill2,5652,2192,0671,514938728420
Intangible assets, net (excluding goodwill)1,1051,2341,3271,230861  
Disposal group, including discontinued operation, noncurrent assets      40
Deferred income tax assets916966943
Other noncurrent assets5584824223443331,021312
Deferred tax assets, net   2,278
Other undisclosed noncurrent assets1,042  9631,0042,219 
Total noncurrent assets:6,7776,5496,4645,1374,2584,9953,805
TOTAL ASSETS:12,18910,87610,6429,4098,2088,4638,387
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,4081,9231,9741,8022,8792,6642,189
Accounts payable851612618592593553518
Accrued liabilities1,5571,3111,3561,2102,2862,1111,671
Deferred revenue1,6501,5541,449
Debt51216315244
Contract with customer, liability1,263
Total current liabilities:4,0633,4893,4393,0962,9312,6682,193
Noncurrent Liabilities
Long-term debt and lease obligation6,0015,5655,6105,2894,4194,3924,386
Long-term debt, excluding current maturities5,6885,1635,1135,2894,4194,3924,386
Operating lease, liability313402497
Liabilities, other than long-term debt2,1482,3632,2762,3002,5852,3551,904
Other liabilities2,1482,3632,2762,3002,5852,3551,904
Total noncurrent liabilities:8,1497,9287,8867,5897,0046,7476,290
Total liabilities:12,21211,41711,32510,6859,9359,4158,483
Stockholders' equity
Stockholders' equity attributable to parent(40)(558)(700)(1,293)(1,742)(964)(106)
Common stock2222222
Additional paid in capital98775949941935120342
Accumulated other comprehensive loss(2,379)(2,446)(2,440)(2,765)(2,562)(2,317)(1,866)
Retained earnings1,3501,1271,2391,0514671,1481,716
Stockholders' equity attributable to noncontrolling interest17171717151210
Total stockholders' equity:(23)(541)(683)(1,276)(1,727)(952)(96)
TOTAL LIABILITIES AND EQUITY:12,18910,87610,6429,4098,2088,4638,387

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues8,1717,4147,8877,3436,3806,0385,695
Revenue, net6,3806,0385,695
Cost of revenue
(Cost of Goods and Services Sold)
(4,131)(3,806)(3,956)(3,863)(3,356)(3,169)(2,976)
Gross profit:4,0403,6083,9313,4803,0242,8692,719
Operating expenses(2,087)(1,979)(2,090)(1,891)(1,742)(1,802)(1,725)
Other operating expense, net(286)(246)(260)(334)   
Operating income:1,6671,3831,5811,2551,2821,067994
Nonoperating expense(115)(209)(580)(153)(206)(223)(77)
Investment income, nonoperating7131718142013
Other nonoperating income (expense)9213(365)53(8)(12)(11)
Interest and debt expense(215)(233)(50)6(215)(2)(186)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 23350(6)2152186
Income from continuing operations before equity method investments, income taxes:1,3371,1741,0011,1021,076844917
Other undisclosed income from continuing operations before income taxes215      
Income from continuing operations before income taxes:1,5521,1741,0011,1021,076844917
Income tax expense(302)(221)(130)(133)(1,227)(282)(274)
Income (loss) from continuing operations:1,250953871969(151)562643
Loss from discontinued operations      (30)
Net income (loss):1,250953871969(151)562613
Net loss attributable to noncontrolling interest(5)(4)(3)(3)(4)(2)(3)
Net income (loss) available to common stockholders, diluted:1,245949868966(155)560610

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):1,250953871969(151)562613
Other comprehensive income (loss)67(6)325(203)(245)(451)(11)
Comprehensive income (loss):1,3179471,196766(396)111602
Comprehensive loss, net of tax, attributable to noncontrolling interest(5)(4)(3)(3)(4)(2)(3)
Comprehensive income (loss), net of tax, attributable to parent:1,3129431,193763(400)109599

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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