Motorola Solutions Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 27, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	2,116	1,577	1,709	1,363	1,245	949
Depreciation & Amortization	368	336	356	440	438	409
Asset Writedown & Restructuring Costs	-	-	24	147	-	-
Loss (Gain) From Sale of Investments	-	-	-	-3	-1	2
Stock-Based Compensation	276	243	212	172	129	129
Other Operating Activities	6	606	19	33	26	47
Change in Accounts Receivable	-288	-459	-262	-113	-202	257
Change in Inventory	-66	62	200	-242	-284	-14
Change in Accounts Payable	147	302	-144	451	578	-116
Change in Other Net Operating Assets	57	-61	-38	-91	-126	-25
Operating Cash Flow	2,651	2,391	2,044	1,823	1,837	1,613
Operating Cash Flow Growth	3.31%	16.98%	12.12%	-0.76%	13.89%	-11.52%
Capital Expenditures	-237	-257	-253	-256	-243	-217
Sale of Property, Plant & Equipment	-	-	-	-	6	56
Cash Acquisitions	-4,857	-290	-180	-1,177	-521	-287
Investment in Securities	15	40	19	46	16	11
Investing Cash Flow	-5,079	-507	-414	-1,387	-742	-437
Short-Term Debt Issued	-	-	-	-	-	800
Long-Term Debt Issued	-	1,288	-	595	844	892
Total Debt Issued	3,656	1,288	-	595	844	1,692
Short-Term Debt Repaid	-	-	-	-	-	-800
Long-Term Debt Repaid	-	-1,906	-1	-285	-353	-914
Total Debt Repaid	-322	-1,906	-1	-285	-353	-1,714
Net Debt Issued (Repaid)	3,334	-618	-1	310	491	-22
Issuance of Common Stock	56	75	104	156	102	108
Repurchase of Common Stock	-770	-247	-804	-836	-528	-612
Common Dividends Paid	-710	-654	-589	-530	-482	-436
Other Financing Activities	-13	-4	-5	-6	-12	-4
Financing Cash Flow	1,897	-1,448	-1,295	-906	-429	-966
Foreign Exchange Rate Adjustments	21	-39	45	-79	-46	43
Net Cash Flow	-510	397	380	-549	620	253
Free Cash Flow	2,414	2,134	1,791	1,567	1,594	1,396
Free Cash Flow Growth	4.32%	19.15%	14.29%	-1.69%	14.18%	-11.37%
Free Cash Flow Margin	21.34%	19.73%	17.95%	17.20%	19.51%	18.83%
Free Cash Flow Per Share	14.22	12.49	10.41	9.12	9.18	8.02
Cash Interest Paid	276	253	234	226	207	-
Cash Income Tax Paid	587	627	587	307	257	181
Levered Free Cash Flow	1,948	1,859	1,468	1,592	1,464	1,281
Unlevered Free Cash Flow	2,146	2,043	1,623	1,742	1,598	1,427
Change in Working Capital	-115	-371	-276	-329	-	77

Updated Sep 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.