MSI: Motorola Solutions Inc Financial Statements
Balance sheet, income statement, and cash flow statements for Motorola Solutions Inc (MSI).
$77.25B Market Cap.
MSI Market Cap. (MRY)
MSI Shares Outstanding (MRY)
MSI Assets (MRY)
Total Assets
$14.60B
Total Liabilities
$12.88B
Total Investments
$135.00M
MSI Income (MRY)
Revenue
$10.82B
Net Income
$1.58B
Operating Expense
$2.82B
MSI Cash Flow (MRY)
CF Operations
$2.39B
CF Investing
-$507.00M
CF Financing
-$1.45B
MSI Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $14,595,000,000 (9.44%) | $13,336,000,000 (4.07%) | $12,814,000,000 (5.13%) | $12,189,000,000 (12.07%) |
Assets Current | $6,479,000,000 (13.17%) | $5,725,000,000 (8.94%) | $5,255,000,000 (-2.90%) | $5,412,000,000 (25.08%) |
Assets Non-Current | $8,116,000,000 (6.64%) | $7,611,000,000 (0.69%) | $7,559,000,000 (11.54%) | $6,777,000,000 (3.48%) |
Goodwill & Intangible Assets | $4,775,000,000 (2.56%) | $4,656,000,000 (0.04%) | $4,654,000,000 (26.81%) | $3,670,000,000 (6.28%) |
Shareholders Equity | $1,703,000,000 (135.22%) | $724,000,000 (524.14%) | $116,000,000 (390.00%) | -$40,000,000 (92.83%) |
Property Plant & Equipment Net | $1,551,000,000 (6.31%) | $1,459,000,000 (3.33%) | $1,412,000,000 (-0.84%) | $1,424,000,000 (-4.43%) |
Cash & Equivalents | $2,102,000,000 (23.28%) | $1,705,000,000 (28.68%) | $1,325,000,000 (-29.30%) | $1,874,000,000 (49.44%) |
Accumulated Other Comprehensive Income | -$2,539,000,000 (0.04%) | -$2,540,000,000 (-0.20%) | -$2,535,000,000 (-6.56%) | -$2,379,000,000 (2.74%) |
Deferred Revenue | $2,072,000,000 (1.72%) | $2,037,000,000 (9.58%) | $1,859,000,000 (12.67%) | $1,650,000,000 (6.18%) |
Total Investments | $135,000,000 (-5.59%) | $143,000,000 (-2.72%) | $147,000,000 (-29.67%) | $209,000,000 (32.28%) |
Investments Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Non-Current | $135,000,000 (-5.59%) | $143,000,000 (-2.72%) | $147,000,000 (-29.67%) | $209,000,000 (32.28%) |
Inventory | $766,000,000 (-7.38%) | $827,000,000 (-21.61%) | $1,055,000,000 (33.88%) | $788,000,000 (55.12%) |
Trade & Non-Trade Receivables | $1,952,000,000 (14.15%) | $1,710,000,000 (12.65%) | $1,518,000,000 (9.52%) | $1,386,000,000 (-0.29%) |
Trade & Non-Trade Payables | $1,018,000,000 (15.55%) | $881,000,000 (-17.04%) | $1,062,000,000 (24.79%) | $851,000,000 (39.05%) |
Accumulated Retained Earnings (Deficit) | $2,300,000,000 (40.24%) | $1,640,000,000 (22.11%) | $1,343,000,000 (-0.52%) | $1,350,000,000 (19.79%) |
Tax Assets | $1,280,000,000 (20.53%) | $1,062,000,000 (2.51%) | $1,036,000,000 (13.10%) | $916,000,000 (-5.18%) |
Tax Liabilities | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Debt | $6,424,000,000 (-0.02%) | $6,425,000,000 (-0.12%) | $6,433,000,000 (7.11%) | $6,006,000,000 (7.69%) |
Debt Current | $322,000,000 (-75.48%) | $1,313,000,000 (131200.00%) | $1,000,000 (-80.00%) | $5,000,000 (-58.33%) |
Debt Non-Current | $6,102,000,000 (19.37%) | $5,112,000,000 (-20.52%) | $6,432,000,000 (7.18%) | $6,001,000,000 (7.83%) |
Total Liabilities | $12,876,000,000 (2.21%) | $12,597,000,000 (-0.68%) | $12,683,000,000 (3.86%) | $12,212,000,000 (6.96%) |
Liabilities Current | $5,055,000,000 (-11.87%) | $5,736,000,000 (25.79%) | $4,560,000,000 (12.23%) | $4,063,000,000 (16.45%) |
Liabilities Non-Current | $7,821,000,000 (13.99%) | $6,861,000,000 (-15.54%) | $8,123,000,000 (-0.32%) | $8,149,000,000 (2.79%) |
MSI Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $10,817,000,000 (8.41%) | $9,978,000,000 (9.50%) | $9,112,000,000 (11.52%) | $8,171,000,000 (10.21%) |
Cost of Revenue | $5,305,000,000 (5.93%) | $5,008,000,000 (2.56%) | $4,883,000,000 (18.20%) | $4,131,000,000 (8.54%) |
Selling General & Administrative Expense | $1,752,000,000 (12.24%) | $1,561,000,000 (7.66%) | $1,450,000,000 (7.17%) | $1,353,000,000 (4.64%) |
Research & Development Expense | $917,000,000 (6.88%) | $858,000,000 (10.14%) | $779,000,000 (6.13%) | $734,000,000 (7.00%) |
Operating Expenses | $2,824,000,000 (5.53%) | $2,676,000,000 (4.21%) | $2,568,000,000 (8.22%) | $2,373,000,000 (6.65%) |
Interest Expense | $227,000,000 (5.09%) | $216,000,000 (-4.42%) | $226,000,000 (8.65%) | $208,000,000 (-5.45%) |
Income Tax Expense | $390,000,000 (-9.72%) | $432,000,000 (191.89%) | $148,000,000 (-50.99%) | $302,000,000 (36.65%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | $1,582,000,000 (-7.70%) | $1,714,000,000 (25.38%) | $1,367,000,000 (9.36%) | $1,250,000,000 (31.16%) |
Net Income to Non-Controlling Interests | $5,000,000 (0.00%) | $5,000,000 (25.00%) | $4,000,000 (-20.00%) | $5,000,000 (25.00%) |
Net Income | $1,577,000,000 (-7.72%) | $1,709,000,000 (25.39%) | $1,363,000,000 (9.48%) | $1,245,000,000 (31.19%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | $1,577,000,000 (-7.72%) | $1,709,000,000 (25.39%) | $1,363,000,000 (9.48%) | $1,245,000,000 (31.19%) |
Weighted Average Shares | $166,800,000 (-0.12%) | $167,000,000 (-0.30%) | $167,500,000 (-1.00%) | $169,200,000 (-0.47%) |
Weighted Average Shares Diluted | $170,800,000 (-0.76%) | $172,100,000 (0.12%) | $171,900,000 (-0.98%) | $173,600,000 (-0.29%) |
Earning Before Interest & Taxes (EBIT) | $2,194,000,000 (-6.92%) | $2,357,000,000 (35.69%) | $1,737,000,000 (-1.03%) | $1,755,000,000 (26.26%) |
Gross Profit | $5,512,000,000 (10.91%) | $4,970,000,000 (17.52%) | $4,229,000,000 (4.68%) | $4,040,000,000 (11.97%) |
Operating Income | $2,688,000,000 (17.18%) | $2,294,000,000 (38.11%) | $1,661,000,000 (-0.36%) | $1,667,000,000 (20.54%) |
MSI Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$507,000,000 (-22.46%) | -$414,000,000 (70.15%) | -$1,387,000,000 (-86.93%) | -$742,000,000 (-69.79%) |
Net Cash Flow from Financing | -$1,448,000,000 (-11.81%) | -$1,295,000,000 (-42.94%) | -$906,000,000 (-111.19%) | -$429,000,000 (55.59%) |
Net Cash Flow from Operations | $2,391,000,000 (16.98%) | $2,044,000,000 (12.12%) | $1,823,000,000 (-0.76%) | $1,837,000,000 (13.89%) |
Net Cash Flow / Change in Cash & Cash Equivalents | $397,000,000 (4.47%) | $380,000,000 (169.22%) | -$549,000,000 (-188.55%) | $620,000,000 (145.06%) |
Net Cash Flow - Business Acquisitions and Disposals | -$290,000,000 (-61.11%) | -$180,000,000 (84.71%) | -$1,177,000,000 (-125.91%) | -$521,000,000 (-81.53%) |
Net Cash Flow - Investment Acquisitions and Disposals | $40,000,000 (110.53%) | $19,000,000 (-58.70%) | $46,000,000 (187.50%) | $16,000,000 (45.45%) |
Capital Expenditure | -$257,000,000 (-1.58%) | -$253,000,000 (1.17%) | -$256,000,000 (-8.02%) | -$237,000,000 (-47.20%) |
Issuance (Repayment) of Debt Securities | -$618,000,000 (-61700.00%) | -$1,000,000 (-100.32%) | $310,000,000 (-35.95%) | $484,000,000 (2300.00%) |
Issuance (Purchase) of Equity Shares | -$172,000,000 (75.43%) | -$700,000,000 (-2.94%) | -$680,000,000 (-59.62%) | -$426,000,000 (15.48%) |
Payment of Dividends & Other Cash Distributions | -$654,000,000 (-11.04%) | -$589,000,000 (-11.13%) | -$530,000,000 (-9.96%) | -$482,000,000 (-10.55%) |
Effect of Exchange Rate Changes on Cash | -$39,000,000 (-186.67%) | $45,000,000 (156.96%) | -$79,000,000 (-71.74%) | -$46,000,000 (-206.98%) |
Share Based Compensation | $243,000,000 (14.62%) | $212,000,000 (23.26%) | $172,000,000 (33.33%) | $129,000,000 (0.00%) |
Depreciation Amortization & Accretion | $336,000,000 (-5.62%) | $356,000,000 (-19.09%) | $440,000,000 (0.46%) | $438,000,000 (7.09%) |
MSI Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 51.00% (2.41%) | 49.80% (7.33%) | 46.40% (-6.07%) | 49.40% (1.44%) |
Profit Margin | 14.60% (-14.62%) | 17.10% (14.00%) | 15.00% (-1.32%) | 15.20% (18.75%) |
EBITDA Margin | 23.40% (-13.97%) | 27.20% (13.81%) | 23.90% (-10.82%) | 26.80% (10.29%) |
Return on Average Equity (ROAE) | 144.90% (-64.88%) | 412.60% (179.55%) | -518.70% (-20.52%) | -430.40% (-250.49%) |
Return on Average Assets (ROAA) | 11.40% (-16.18%) | 13.60% (19.30%) | 11.40% (3.64%) | 11.00% (22.22%) |
Return on Sales (ROS) | 20.30% (-13.98%) | 23.60% (23.56%) | 19.10% (-11.16%) | 21.50% (14.97%) |
Return on Invested Capital (ROIC) | 23.50% (-13.60%) | 27.20% (41.67%) | 19.20% (-6.34%) | 20.50% (22.02%) |
Dividend Yield | 0.90% (-25.00%) | 1.20% (-7.69%) | 1.30% (18.18%) | 1.10% (-26.67%) |
Price to Earnings Ratio (P/E) | 48.91 (59.82%) | 30.61 (-3.33%) | 31.66 (-14.24%) | 36.92 (21.13%) |
Price to Sales Ratio (P/S) | 7.13 (36.03%) | 5.24 (10.62%) | 4.74 (-15.80%) | 5.63 (44.29%) |
Price to Book Ratio (P/B) | 45.36 (-36.80%) | 71.77 (-80.68%) | 371.46 (132.38%) | -1,147.24 (-2120.53%) |
Debt to Equity Ratio (D/E) | 7.56 (-56.54%) | 17.4 (-84.09%) | 109.34 (135.81%) | -305.3 (-1392.11%) |
Earnings Per Share (EPS) | 9.45 (-7.62%) | 10.23 (25.68%) | 8.14 (10.60%) | 7.36 (31.90%) |
Sales Per Share (SPS) | 64.85 (8.54%) | 59.75 (9.83%) | 54.4 (12.65%) | 48.29 (10.73%) |
Free Cash Flow Per Share (FCFPS) | 12.79 (19.29%) | 10.72 (14.64%) | 9.36 (-1.07%) | 9.46 (10.71%) |
Book Value Per Share (BVPS) | 10.21 (135.52%) | 4.33 (525.54%) | 0.69 (393.64%) | -0.24 (92.81%) |
Tangible Assets Book Value Per Share (TABVPS) | 58.87 (13.27%) | 51.98 (6.69%) | 48.72 (-3.24%) | 50.35 (15.31%) |
Enterprise Value Over EBIT (EV/EBIT) | 38 (58.33%) | 24 (-14.29%) | 28 (-3.45%) | 29 (20.83%) |
Enterprise Value Over EBITDA (EV/EBITDA) | 32.52 (53.62%) | 21.17 (-5.13%) | 22.32 (-2.61%) | 22.91 (22.70%) |
Asset Turnover | 0.78 (-1.01%) | 0.79 (3.80%) | 0.76 (5.39%) | 0.72 (3.28%) |
Current Ratio | 1.28 (28.46%) | 1 (-13.37%) | 1.15 (-13.51%) | 1.33 (7.42%) |
Dividends | $4.03 (11.33%) | $3.62 (11.38%) | $3.25 (11.30%) | $2.92 (11.03%) |
Free Cash Flow (FCF) | $2,134,000,000 (19.15%) | $1,791,000,000 (14.29%) | $1,567,000,000 (-2.06%) | $1,600,000,000 (10.19%) |
Enterprise Value (EV) | $82,284,154,014 (43.26%) | $57,438,073,282 (18.23%) | $48,582,938,991 (-3.32%) | $50,250,447,490 (49.57%) |
Earnings Before Tax (EBT) | $1,967,000,000 (-8.13%) | $2,141,000,000 (41.69%) | $1,511,000,000 (-2.33%) | $1,547,000,000 (32.22%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $2,530,000,000 (-6.75%) | $2,713,000,000 (24.62%) | $2,177,000,000 (-0.73%) | $2,193,000,000 (21.90%) |
Invested Capital | $9,087,000,000 (18.57%) | $7,664,000,000 (-11.99%) | $8,708,000,000 (1.40%) | $8,588,000,000 (4.01%) |
Working Capital | $1,424,000,000 (13045.45%) | -$11,000,000 (-101.58%) | $695,000,000 (-48.48%) | $1,349,000,000 (60.98%) |
Tangible Asset Value | $9,820,000,000 (13.13%) | $8,680,000,000 (6.37%) | $8,160,000,000 (-4.21%) | $8,519,000,000 (14.76%) |
Market Capitalization | $77,248,154,014 (48.66%) | $51,963,073,282 (20.59%) | $43,089,938,991 (-6.10%) | $45,889,447,490 (59.18%) |
Average Equity | $1,088,000,000 (162.64%) | $414,250,000 (257.66%) | -$262,750,000 (9.16%) | -$289,250,000 (62.58%) |
Average Assets | $13,788,750,000 (9.48%) | $12,594,250,000 (5.48%) | $11,940,000,000 (5.75%) | $11,291,250,000 (6.70%) |
Invested Capital Average | $9,317,500,000 (7.69%) | $8,651,750,000 (-4.15%) | $9,026,750,000 (5.53%) | $8,554,000,000 (3.59%) |
Shares | 167,120,598 (0.69%) | 165,968,486 (-0.74%) | 167,203,209 (-1.00%) | 168,897,488 (-0.37%) |
