Motorola Solutions, Inc. (MSI)
NYSE: MSI · Real-Time Price · USD
485.30
-0.70 (-0.14%)
Aug 31, 2026, 4:00 PM EDT - Market closed
Motorola Solutions Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jul '26 Jul 4, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 2,134 | 2,154 | 1,577 | 1,709 | 1,363 | 1,245 |
Depreciation & Amortization | 549 | 425 | 336 | 356 | 440 | 438 |
Asset Writedown & Restructuring Costs | - | - | - | 24 | 147 | - |
Loss (Gain) From Sale of Investments | - | - | - | - | -3 | -1 |
Stock-Based Compensation | 357 | 293 | 243 | 212 | 172 | 129 |
Other Operating Activities | 104 | 9 | 606 | 19 | 33 | 26 |
Change in Accounts Receivable | -356 | -394 | -459 | -262 | -113 | -202 |
Change in Inventory | -416 | -145 | 62 | 200 | -242 | -284 |
Change in Accounts Payable | 527 | 280 | 302 | -144 | 451 | 578 |
Change in Other Net Operating Assets | -12 | 121 | -61 | -38 | -91 | -126 |
Operating Cash Flow | 2,974 | 2,837 | 2,391 | 2,044 | 1,823 | 1,837 |
Operating Cash Flow Growth | 13.86% | 18.65% | 16.98% | 12.12% | -0.76% | 13.89% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jul '26 Jul 4, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -297 | -265 | -257 | -253 | -256 | -243 |
Sale of Property, Plant & Equipment | 1 | - | - | - | - | 6 |
Cash Acquisitions | -4,676 | -4,916 | -290 | -180 | -1,177 | -521 |
Investment in Securities | 11 | 17 | 40 | 19 | 46 | 16 |
Investing Cash Flow | -4,961 | -5,164 | -507 | -414 | -1,387 | -742 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jul '26 Jul 4, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | 923 | - | - | - | - |
Long-Term Debt Issued | - | 2,733 | 1,288 | - | 595 | 844 |
Total Debt Issued | 1,738 | 3,656 | 1,288 | - | 595 | 844 |
Short-Term Debt Repaid | - | -179 | - | - | - | - |
Long-Term Debt Repaid | - | -322 | -1,906 | -1 | -285 | -353 |
Total Debt Repaid | -449 | -501 | -1,906 | -1 | -285 | -353 |
Net Debt Issued (Repaid) | 1,289 | 3,155 | -618 | -1 | 310 | 491 |
Issuance of Common Stock | 46 | 46 | 75 | 104 | 156 | 102 |
Repurchase of Common Stock | -1,060 | -1,154 | -247 | -804 | -836 | -528 |
Common Dividends Paid | -766 | -728 | -654 | -589 | -530 | -482 |
Other Financing Activities | 23 | -10 | -4 | -5 | -6 | -12 |
Financing Cash Flow | -468 | 1,309 | -1,448 | -1,295 | -906 | -429 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jul '26 Jul 4, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | -41 | 81 | -39 | 45 | -79 | -46 |
Net Cash Flow | -2,496 | -937 | 397 | 380 | -549 | 620 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jul '26 Jul 4, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 2,677 | 2,572 | 2,134 | 1,791 | 1,567 | 1,594 |
Free Cash Flow Growth | 12.29% | 20.52% | 19.15% | 14.29% | -1.69% | 14.18% |
Free Cash Flow Margin | 21.88% | 22.02% | 19.73% | 17.95% | 17.20% | 19.51% |
Free Cash Flow Per Share | 15.93 | 15.22 | 12.49 | 10.41 | 9.12 | 9.18 |
Levered Free Cash Flow | 1,979 | 1,996 | 1,859 | 1,468 | 1,592 | 1,464 |
Unlevered Free Cash Flow | 2,255 | 2,221 | 2,043 | 1,623 | 1,742 | 1,598 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jul '26 Jul 4, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 379 | 285 | 253 | 234 | 226 | 207 |
Cash Income Tax Paid | 530 | 569 | 627 | 587 | 307 | 257 |
Change in Working Capital | -170 | -44 | -371 | -276 | -329 | - |