Motorola Solutions, Inc. (BMV:MSI)

Motorola Solutions Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 29, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	10,956	10,817	9,978	9,112	8,171	7,414
Revenue Growth (YoY)	7.45%	8.41%	9.50%	11.52%	10.21%	-6.00%
Cost of Revenue	5,322	5,293	5,001	4,718	4,123	3,777
Gross Profit	5,634	5,524	4,977	4,394	4,048	3,637
Selling, General & Admin	1,661	1,620	1,462	1,327	1,230	1,212
Research & Development	932	917	858	779	734	686
Other Operating Expenses	154	155	191	254	234	1
Operating Expenses	2,747	2,692	2,511	2,360	2,198	2,114
Operating Income	2,887	2,832	2,466	2,034	1,850	1,523
Interest Expense	-303	-295	-249	-240	-215	-233
Interest & Investment Income	69	68	33	14	7	13
Earnings From Equity Investments	-	-	-	-3	5	3
Currency Exchange Gain (Loss)	-15	-17	-33	-24	-13	-19
Other Non Operating Income (Expenses)	-15	-11	5	-3	3	2
EBT Excluding Unusual Items	2,623	2,577	2,222	1,778	1,637	1,289
Merger & Restructuring Charges	-67	-58	-60	-206	-47	-95
Gain (Loss) on Sale of Investments	-8	-8	-3	-7	-7	-
Gain (Loss) on Sale of Assets	-	-	-	-	-	50
Asset Writedown	-5	-8	-9	-36	-10	-5
Legal Settlements	66	54	-4	-8	-3	-9
Other Unusual Items	-	-585	-	-6	-18	-56
Pretax Income	2,609	1,972	2,146	1,515	1,552	1,174
Income Tax Expense	557	390	432	148	302	221
Earnings From Continuing Operations	2,052	1,582	1,714	1,367	1,250	953
Net Income to Company	2,052	1,582	1,714	1,367	1,250	953
Minority Interest in Earnings	-6	-5	-5	-4	-5	-4
Net Income	2,046	1,577	1,709	1,363	1,245	949
Net Income to Common	2,046	1,577	1,709	1,363	1,245	949
Net Income Growth	46.98%	-7.72%	25.39%	9.48%	31.19%	9.33%
Shares Outstanding (Basic)	167	167	167	168	169	170
Shares Outstanding (Diluted)	172	171	172	172	174	174
Shares Change (YoY)	0.67%	-0.76%	0.12%	-0.98%	-0.29%	-0.85%
EPS (Basic)	12.26	9.45	10.23	8.14	7.36	5.58
EPS (Diluted)	11.91	9.23	9.93	7.93	7.17	5.45
EPS Growth	45.79%	-7.05%	25.22%	10.60%	31.56%	10.10%
Free Cash Flow	2,271	2,134	1,791	1,567	1,594	1,396
Free Cash Flow Per Share	13.23	12.49	10.41	9.12	9.18	8.02
Dividend Per Share	4.140	4.030	3.620	3.250	2.920	2.630
Dividend Growth	11.29%	11.33%	11.39%	11.30%	11.03%	11.92%
Gross Margin	51.42%	51.07%	49.88%	48.22%	49.54%	49.06%
Operating Margin	26.35%	26.18%	24.71%	22.32%	22.64%	20.54%
Profit Margin	18.68%	14.58%	17.13%	14.96%	15.24%	12.80%
Free Cash Flow Margin	20.73%	19.73%	17.95%	17.20%	19.51%	18.83%
EBITDA	3,221	3,168	2,822	2,474	2,288	1,932
EBITDA Margin	29.40%	29.29%	28.28%	27.15%	28.00%	26.06%
D&A For EBITDA	334	336	356	440	438	409
EBIT	2,887	2,832	2,466	2,034	1,850	1,523
EBIT Margin	26.35%	26.18%	24.71%	22.32%	22.64%	20.54%
Effective Tax Rate	21.35%	19.78%	20.13%	9.77%	19.46%	18.82%
Revenue as Reported	10,956	10,817	9,978	9,112	8,171	7,414

Source: S&P Global Market Intelligence. Standard template. Financial Sources.