Motorola Solutions, Inc.

MSI 10-K · FY 2025

MSI FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Revenue 11,682 10,817 +8.0%
Show Product Lines breakouts
Command Center 915 797 +14.8%
Command Center · Software and Services 915 797 +14.8%
Mission Critical Networks (MCN) 8,647 8,100 +6.8%
Mission Critical Networks (MCN) · Products and Systems Integration 6,066 5,739 +5.7%
Mission Critical Networks (MCN) · Software and Services 2,581 2,361 +9.3%
Product 6,770 6,454 +4.9%
Service 4,912 4,363 +12.6%
Video 2,120 1,920 +10.4%
Video · Products and Systems Integration 1,187 1,144 +3.8%
Video · Software and Services 933 776 +20.2%
Show Business Segments breakouts
Products and Systems Integration 7,253 6,883 +5.4%
Products and Systems Integration · International 1,935 1,786 +8.3%
Products and Systems Integration · North America 5,318 5,097 +4.3%
Products and Systems Integration · Sales Channel Directly To Consumer 4,618 4,238 +9.0%
Products and Systems Integration · Sales Channel Through Intermediary 2,635 2,645 -0.4%
Software and Services 4,429 3,934 +12.6%
Software and Services · International 1,385 1,211 +14.4%
Software and Services · North America 3,044 2,723 +11.8%
Software and Services · Sales Channel Directly To Consumer 4,037 3,586 +12.6%
Software and Services · Sales Channel Through Intermediary 392 348 +12.6%
Show Geography breakouts
CA 433 388 +11.6%
GB 603 572 +5.4%
International 3,320 2,997 +10.8%
North America 8,362 7,820 +6.9%
Other 2,717 2,425 +12.0%
US 7,929 7,432 +6.7%
Show Contract With Customer Sales Channel breakouts
Sales Channel Directly To Consumer 8,655 7,824 +10.6%
Sales Channel Through Intermediary 3,027 2,993 +1.1%
Show Timing Of Transfer Of Good Or Service breakouts
Transferred Over Time 2.2 2 +10.0%
Cost of Revenue 5,647 5,305 +6.4%
Show Product Lines breakouts
Product 2,776 2,674 +3.8%
Service 2,871 2,631 +9.1%
Show Business Segments breakouts
Products and Systems Integration 3,338 3,215 +3.8%
Software and Services 2,309 2,090 +10.5%
Gross Profit 6,035 5,512 +9.5%
Show Business Segments breakouts
Products and Systems Integration 3,915 3,668 +6.7%
Software and Services 2,120 1,844 +15.0%
Selling, General & Administrative 1,870 1,752 +6.7%
Show Business Segments breakouts
Products and Systems Integration 1,478 1,392 +6.2%
Software and Services 392 360 +8.9%
Research & Development 970 917 +5.8%
Show Business Segments breakouts
Products and Systems Integration 598 575 +4.0%
Software and Services 372 342 +8.8%
Other Operating Income Expense Net 207 155 +33.5%
Show Business Segments breakouts
Products and Systems Integration 78 25 +212.0%
Software and Services 129 130 -0.8%
Operating Income 2,988 2,688 +11.2%
Show Business Segments breakouts
Products and Systems Integration 1,761 1,676 +5.1%
Software and Services 1,227 1,012 +21.2%
Interest Expense -302 -227 -33.0%
Other Non-Operating Income (Expense) 126 -489 +125.8%
Non-Operating Income (Expense) -176 -716 +75.4%
Income Before Taxes 2,812 1,972 +42.6%
Income Tax Expense (Benefit) 652 390 +67.2%
Net Income 2,160 1,582 +36.5%
Show Equity Components breakouts
Noncontrolling Interest 6 5 +20.0%
Retained Earnings 2,154 1,577 +36.6%
Net Income Loss Attributable To Noncontrolling Interest 6 5 +20.0%
Net Income 2,154 1,577 +36.6%
EPS (Basic) 12.93 9.45 +36.8%
EPS (Diluted) 12.75 9.23 +38.1%
Wtd Avg Shares (Basic) 166.6 166.8 -0.1%
Wtd Avg Shares (Diluted) 169 170.8 -1.1%
Common Stock Dividends Per Share Declared 4.48 4.03 +11.2%
Comprehensive Income 2,273 1,578 +44.0%
Foreign Currency Transaction Gain Loss Before Tax -55 2 -2850.0%
Interest Expense -360 -295 -22.0%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash & Cash Equivalents 1,165 2,102 -44.6%
Accounts Receivable 2,200 1,952 +12.7%
Contract With Customer Asset Net Current 1,574 1,230 +28.0%
Inventory 983 766 +28.3%
Other Assets Current 378 429 -11.9%
Total Current Assets 6,300 6,479 -2.8%
Non-Current Assets
Operating Lease Right-of-Use Assets 581 529 +9.8%
Long Term Investments 187 135 +38.5%
Deferred Tax Assets 761 1,280 -40.5%
Goodwill 6,800 3,526 +92.9%
Show Business Segments breakouts
Products and Systems Integration 4,229 1,573 +168.8%
Software and Services 2,571 1,953 +31.6%
Intangible Assets 3,104 1,249 +148.5%
Other Non-Current Assets 491 375 +30.9%
Total Assets 19,389 14,595 +32.8%
Show Geography breakouts
CA 435 383 +13.6%
GB 2,538 2,190 +15.9%
Other 1,051 566 +85.7%
US 15,365 11,456 +34.1%
Property, Plant & Equipment 1,165 1,022 +14.0%
Other Assets
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization 1,165 1,022 +14.0%
Current Liabilities
Accounts Payable 1,134 1,018 +11.4%
Deferred Revenue (Current) 2,265 2,072 +9.3%
Accrued Liabilities 1,930 1,643 +17.5%
Total Current Liabilities 6,078 5,055 +20.2%
Non-Current Liabilities
Long-Term Debt 8,413 5,675 +48.2%
Operating Lease Liabilities 471 427 +10.3%
Other Non-Current Liabilities 2,000 1,719 +16.3%
Deferred Tax Liabilities 124 87 +42.5%
Contract With Customer Liability Noncurrent 751 496 +51.4%
Other Liabilities
Short Term Borrowings 749
Show Debt Instrument breakouts
6.5% debentures due 2025 · Unsecured Debt 749
Stockholders' Equity
Common Stock 2 2 0.0%
Additional Paid In Capital Common Stock 2,279 1,940 +17.5%
Retained Earnings 2,549 2,300 +10.8%
Accumulated Other Comprehensive Income -2,420 -2,539 +4.7%
Total Stockholders' Equity 2,410 1,703 +41.5%
Minority Interest 17 16 +6.2%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 2,427 1,719 +41.2%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -1,969 -1,986 +0.9%
Accumulated Gain Loss Net Cash Flow Hedge Parent -6 -7 +14.3%
Accumulated Other Comprehensive Income -2,420 -2,539 +4.7%
Accumulated Translation Adjustment -445 -546 +18.5%
Common Stock Including Additional Paid In Capital 2,281 1,942 +17.5%
Noncontrolling Interest 17 16 +6.2%
Retained Earnings 2,549 2,300 +10.8%
Total Liabilities & Equity 19,389 14,595 +32.8%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Depreciation & Amortization 425 336 +26.5%
Other Non Cash Charges Or Income 3 16 -81.2%
Stock-Based Compensation 293 243 +20.6%
Increase Decreasein Accounts Receivable Contract Assets And Contract Liabilities -173 -246 +29.7%
Change in Inventory -145 62 -333.9%
Increase Decrease In Other Operating Assets -221 -213 -3.8%
Increase Decrease In Accounts Payable And Accrued Liabilities And Contract With Customer Liability 280 302 -7.3%
Increase Decrease In Other Operating Capital Net 121 -61 +298.4%
Deferred Income Taxes 94 -215 +143.7%
Net Cash from Operations 2,837 2,391 +18.7%
Investing Activities
Payments For Acquisitions And Investments Net -4,916 -290 -1595.2%
Proceeds From Sales Of Investments And Businesses Net 17 40 -57.5%
Payments To Acquire Productive Assets -265 -257 -3.1%
Show Business Segments breakouts
Products and Systems Integration -131 -103 -27.2%
Software and Services -134 -154 +13.0%
Net Cash from Investing -5,164 -507 -918.5%
Financing Activities
Proceeds From Issuance Of Debt 2,733 1,288 +112.2%
Proceeds From Short Term Debt 923
Repayments Of Long Term Debt -322 -1,906 +83.1%
Repayments Of Short Term Debt -179
Payments Of Financing Costs -5
Proceeds From Issuance Of Common Stock 46 75 -38.7%
Payments For Repurchase Of Common Stock Net Excise Tax -1,154 -247 -367.2%
Payments Of Dividends Common Stock -728 -654 -11.3%
Payments Of Dividends Minority Interest -5 -4 -25.0%
Net Cash from Financing 1,309 -1,448 +190.4%
Share Repurchases 1,154 244 +373.0%
Debt Repayments (FY)
Show Debt Instrument breakouts
6.5% debentures due 2025 · Unsecured Debt 70
7.5% debentures due 2025 · Unsecured Debt 252
Show Credit Facility breakouts
Commercial Paper · Unsecured Debt 179
Supplemental
Interest Paid 285 253 +12.6%
Income Taxes Paid 569 627 -9.3%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 81 -39 +307.7%
Net Change in Cash -937 397 -336.0%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 1,165 2,102 -44.6%

Values in millions USD. Source: SEC EDGAR 10-K filing.

This table is rendered from the same JSON returned by /api/financials.

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