Motorola Solutions, Inc. (MSI) financial statements (2020 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
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,0011,2461,2051,0301,9804,2003,227
Cash and cash equivalents1,0011,2461,2051,0301,9803,9543,225
Short-term investments     2462
Receivables1,4121,2931,5411,4101,3621,4091,920
Inventory, net of allowances, customer advances and progress billings447356327273296345522
Inventory447356327273296345522
Contract with customer, asset1,0461,012
Disposal group, including discontinued operation    27  
Costs in excess of billings   417390
Other current assets272354832755917740767
Other undisclosed current assets 1145  (232)194
Total current assets:4,1784,2723,9503,4684,5826,8797,020
Noncurrent Assets
Operating lease, right-of-use asset554
Property, plant and equipment992895856789487549810
Long-term investments and receivables159191266238268347257
Long-term investments159169247238268316251
Accounts and financing receivable, after allowance for credit loss 2219  316
Intangible assets, net (including goodwill)3,3942,7441,7997284204061,596
Goodwill2,0671,5149387284203831,509
Intangible assets, net (excluding goodwill)1,3271,230861  2387
Disposal group, including discontinued operation, noncurrent assets    40 
Deferred income tax assets943
Other noncurrent assets4223443331,021312145185
Deferred tax assets, net   2,2782,1512,076
Other undisclosed noncurrent assets 9631,0042,219 (54)(93)
Total noncurrent assets:6,4645,1374,2584,9953,8053,5444,831
TOTAL ASSETS:10,6429,4098,2088,4638,38710,42311,851
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,9741,8022,8792,6642,1892,5273,645
Accounts payable618592593553518540814
Accrued liabilities1,3561,2102,2862,1111,6711,7062,402
Employee-related liabilities     190334
Taxes payable     9195
Deferred revenue1,449
Debt1631524444
Deferred revenue and credits   355778
Contract with customer, liability1,263
Other undisclosed current liabilities     (636)(1,207)
Total current liabilities:3,4393,0962,9312,6682,1932,2503,220
Noncurrent Liabilities
Long-term debt and lease obligation5,6105,2894,4194,3924,3863,3962,457
Long-term debt, excluding current maturities5,1135,2894,4194,3924,3863,3962,457
Operating lease, liability497
Liabilities, other than long-term debt2,2762,3002,5852,3551,9043,8104,663
Deferred revenue and credits   139302
Pension and other postretirement defined benefit plans, liabilities1,876
Liability, pension and other postretirement and postemployment benefits     1,660
Other liabilities2,2762,3002,5852,3551,9042,0112,485
Other undisclosed noncurrent liabilities     (1,799)(2,178)
Total noncurrent liabilities:7,8867,5897,0046,7476,2905,4074,942
Total liabilities:11,32510,6859,9359,4158,4837,6578,162
Stockholders' equity
Stockholders' equity attributable to parent(700)(1,293)(1,742)(964)(106)2,7353,659
Common stock2222223
Additional paid in capital499419351203421,1783,518
Accumulated other comprehensive loss(2,440)(2,765)(2,562)(2,317)(1,866)(1,855)(2,287)
Retained earnings1,2391,0514671,1481,7163,4102,425
Stockholders' equity attributable to noncontrolling interest17171512103130
Total stockholders' equity:(683)(1,276)(1,727)(952)(96)2,7663,689
TOTAL LIABILITIES AND EQUITY:10,6429,4098,2088,4638,38710,42311,851

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues7,8877,3436,3806,0385,6955,8818,696
Revenue, net6,3806,0385,6955,8818,696
Cost of revenue
(Cost of Goods and Services Sold)
(3,956)(3,863)(3,356)(3,169)(2,976)(3,050)(4,455)
Gross profit:3,9313,4803,0242,8692,7192,8314,241
Operating expenses(2,090)(1,891)(1,742)(1,802)(1,725)(3,901)(3,185)
Other operating expense, net(260)(334)     
Other undisclosed operating income     64159
Operating income (loss):1,5811,2551,2821,067994(1,006)1,215
Nonoperating expense(580)(153)(206)(223)(77)(155)(70)
Investment income, nonoperating17181420132118
Foreign currency transaction loss, before tax     (7)(12)
Other nonoperating income (expense)(365)53(8)(12)(11)(34)3
Interest and debt expense(50)6(215)(2)(186)(184)(132)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes50(6)2152186184132
Income (loss) from continuing operations before income taxes:1,0011,1021,076844917(1,161)1,145
Income tax expense (benefit)(130)(133)(1,227)(282)(274)465(40)
Income (loss) from continuing operations:871969(151)562643(696)1,105
Income (loss) from discontinued operations    (30)1,996 
Net income (loss):871969(151)5626131,3001,105
Net loss attributable to noncontrolling interest(3)(3)(4)(2)(3)(1)(6)
Net income (loss) available to common stockholders, diluted:868966(155)5606101,2991,099

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):871969(151)5626131,3001,105
Other comprehensive income (loss)325(203)(245)(451)(11)4321,013
Comprehensive income (loss):1,196766(396)1116021,7322,118
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(3)(3)(4)(2)(3)(1)6
Other undisclosed comprehensive loss, net of tax, attributable to parent      (12)
Comprehensive income (loss), net of tax, attributable to parent:1,193763(400)1095991,7312,112

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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