Motorola Solutions, Inc. (MSI)
NYSE: MSI · Real-Time Price · USD
544.05
+47.06 (9.47%)
Nov 5, 2026, 11:06 AM EST - Market open
Motorola Solutions Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Oct '26 Oct 3, 2026 | Jul '26 Jul 4, 2026 | Apr '26 Apr 4, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 27, 2025 | Jun '25 Jun 28, 2025 | Mar '25 Mar 29, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 28, 2024 | Jun '24 Jun 29, 2024 | Mar '24 Mar 30, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jul '23 Jul 1, 2023 | Apr '23 Apr 1, 2023 | Dec '22 Dec 31, 2022 | Oct '22 Oct 1, 2022 | Jul '22 Jul 2, 2022 | Apr '22 Apr 2, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 512 | 557 | 366 | 649 | 562 | 513 | 430 | 611 | 562 | 443 | -39 | 596 | 464 | 371 | 278 | 589 | 279 | 228 | 267 | 401 |
Depreciation & Amortization | 150 | 148 | 143 | 143 | 115 | 86 | 81 | 86 | 84 | 83 | 83 | 85 | 86 | 87 | 98 | 109 | 108 | 112 | 111 | 113 |
Asset Writedown & Restructuring Costs | - | - | - | - | - | - | - | - | - | - | - | 24 | - | - | - | - | 147 | - | - | - |
Loss (Gain) From Sale of Investments | - | - | - | - | - | - | - | - | - | - | - | - | 1 | - | -1 | - | -1 | - | -2 | -1 |
Stock-Based Compensation | 103 | 104 | 100 | 80 | 73 | 74 | 66 | 63 | 61 | 63 | 56 | 52 | 52 | 53 | 55 | 46 | 45 | 44 | 37 | 35 |
Other Operating Activities | 99 | 9 | 85 | 8 | 2 | -10 | 9 | 5 | -2 | 14 | 589 | 7 | 13 | -9 | 8 | 4 | 2 | 24 | 3 | 10 |
Change in Accounts Receivable | -296 | -213 | 258 | -165 | -236 | -112 | 119 | -59 | -160 | -230 | -10 | 32 | -275 | -158 | 139 | -80 | -125 | -203 | 295 | -255 |
Change in Inventory | -148 | -156 | -199 | -38 | -23 | -22 | -62 | 41 | -8 | 36 | -7 | 106 | 58 | 62 | -26 | 118 | -83 | -115 | -162 | -185 |
Change in Accounts Payable | 47 | 82 | -290 | 560 | 175 | -280 | -175 | 427 | 206 | -241 | -90 | 390 | 217 | -215 | -536 | 634 | 116 | -111 | -188 | 617 |
Change in Other Net Operating Assets | 157 | -72 | -12 | 20 | 52 | 24 | 25 | -44 | 1 | 1 | -19 | -17 | -20 | 4 | -5 | -25 | -9 | -27 | -30 | -64 |
Operating Cash Flow | 662 | 469 | 451 | 1,256 | 798 | 273 | 510 | 1,070 | 759 | 180 | 382 | 1,245 | 714 | 93 | -8 | 1,273 | 388 | 10 | 152 | 703 |
Operating Cash Flow Growth (YoY) | -17.04% | 71.80% | -11.57% | 17.38% | 5.14% | 51.67% | 33.51% | -14.06% | 6.30% | 93.55% | - | -2.20% | 84.02% | 830.00% | - | 81.08% | 3.19% | -97.42% | -58.92% | -0.14% |
Investing Activities
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Oct '26 Oct 3, 2026 | Jul '26 Jul 4, 2026 | Apr '26 Apr 4, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 27, 2025 | Jun '25 Jun 28, 2025 | Mar '25 Mar 29, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 28, 2024 | Jun '24 Jun 29, 2024 | Mar '24 Mar 30, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jul '23 Jul 1, 2023 | Apr '23 Apr 1, 2023 | Dec '22 Dec 31, 2022 | Oct '22 Oct 1, 2022 | Jul '22 Jul 2, 2022 | Apr '22 Apr 2, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -73 | -55 | -62 | -114 | -66 | -48 | -37 | -86 | -57 | -68 | -46 | -81 | -65 | -53 | -54 | -73 | -70 | -59 | -54 | -68 |
Sale of Property, Plant & Equipment | - | - | 1 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash Acquisitions | -1,363 | -100 | -124 | -81 | -4,371 | -14 | -450 | -22 | -226 | -5 | -37 | -168 | -2 | -6 | -4 | -587 | -19 | -59 | -512 | -161 |
Investment in Securities | 2 | 4 | 2 | 3 | 2 | 2 | 10 | 1 | 1 | 2 | 36 | 7 | 6 | 1 | 5 | 8 | 27 | 2 | 9 | 12 |
Investing Cash Flow | -1,434 | -151 | -183 | -192 | -4,435 | -60 | -477 | -107 | -282 | -71 | -47 | -242 | -61 | -58 | -53 | -652 | -62 | -116 | -557 | -217 |
Financing Activities
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Oct '26 Oct 3, 2026 | Jul '26 Jul 4, 2026 | Apr '26 Apr 4, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 27, 2025 | Jun '25 Jun 28, 2025 | Mar '25 Mar 29, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 28, 2024 | Jun '24 Jun 29, 2024 | Mar '24 Mar 30, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jul '23 Jul 1, 2023 | Apr '23 Apr 1, 2023 | Dec '22 Dec 31, 2022 | Oct '22 Oct 1, 2022 | Jul '22 Jul 2, 2022 | Apr '22 Apr 2, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | 435 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Long-Term Debt Issued | 942 | - | - | - | - | - | - | - | - | - | 1,288 | - | - | - | - | - | - | - | - | - |
Total Debt Issued | 1,377 | 65 | - | - | 1,673 | 1,983 | - | - | - | - | 1,288 | - | - | - | - | - | - | 595 | - | - |
Short-Term Debt Repaid | -300 | - | -200 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Long-Term Debt Repaid | - | - | - | - | - | - | - | - | - | - | -1,593 | - | - | - | - | - | - | - | -2 | - |
Total Debt Repaid | -300 | - | -200 | -179 | -70 | -252 | - | - | -313 | - | -1,593 | - | - | -1 | - | -2 | - | -281 | -2 | -2 |
Net Debt Issued (Repaid) | 1,077 | 65 | -200 | -179 | 1,603 | 1,731 | - | - | -313 | - | -305 | - | - | -1 | - | -2 | - | 314 | -2 | -2 |
Issuance of Common Stock | 54 | - | - | 46 | - | - | - | 56 | 18 | 1 | - | 28 | 40 | 10 | 26 | 19 | 86 | - | 52 | 3 |
Repurchase of Common Stock | -94 | -331 | -118 | -490 | -121 | -218 | -325 | -106 | -31 | -71 | -39 | -134 | -306 | -224 | -140 | -87 | -94 | -163 | -493 | -131 |
Common Dividends Paid | -200 | -201 | -201 | -182 | -182 | -182 | -182 | -164 | -164 | -163 | -163 | -146 | -147 | -148 | -148 | -132 | -132 | -132 | -134 | -120 |
Other Financing Activities | -1 | -7 | -6 | 3 | 33 | 44 | -90 | - | -1 | 2 | -5 | - | -1 | -3 | -1 | - | - | -6 | - | - |
Financing Cash Flow | 836 | -474 | -525 | -802 | 1,333 | 1,375 | -597 | -214 | -491 | -231 | -512 | -252 | -414 | -366 | -263 | -202 | -140 | 13 | -577 | -250 |
Net Cash Flow
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Oct '26 Oct 3, 2026 | Jul '26 Jul 4, 2026 | Apr '26 Apr 4, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 27, 2025 | Jun '25 Jun 28, 2025 | Mar '25 Mar 29, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 28, 2024 | Jun '24 Jun 29, 2024 | Mar '24 Mar 30, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jul '23 Jul 1, 2023 | Apr '23 Apr 1, 2023 | Dec '22 Dec 31, 2022 | Oct '22 Oct 1, 2022 | Jul '22 Jul 2, 2022 | Apr '22 Apr 2, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | - | -20 | -22 | 9 | -8 | 54 | 26 | -51 | 37 | -9 | -16 | 44 | -39 | 19 | 21 | 84 | -81 | -68 | -14 | -15 |
Net Cash Flow | 64 | -176 | -279 | 271 | -2,312 | 1,642 | -538 | 698 | 23 | -131 | -193 | 795 | 200 | -312 | -303 | 503 | 105 | -161 | -996 | 221 |
Free Cash Flow
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Oct '26 Oct 3, 2026 | Jul '26 Jul 4, 2026 | Apr '26 Apr 4, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 27, 2025 | Jun '25 Jun 28, 2025 | Mar '25 Mar 29, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 28, 2024 | Jun '24 Jun 29, 2024 | Mar '24 Mar 30, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jul '23 Jul 1, 2023 | Apr '23 Apr 1, 2023 | Dec '22 Dec 31, 2022 | Oct '22 Oct 1, 2022 | Jul '22 Jul 2, 2022 | Apr '22 Apr 2, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 589 | 414 | 389 | 1,142 | 732 | 225 | 473 | 984 | 702 | 112 | 336 | 1,164 | 649 | 40 | -62 | 1,200 | 318 | -49 | 98 | 635 |
Free Cash Flow Growth (YoY) | -19.54% | 84.00% | -17.76% | 16.06% | 4.27% | 100.89% | 40.77% | -15.46% | 8.17% | 180.00% | - | -3.00% | 104.09% | - | - | 88.98% | 0.95% | - | -69.18% | -0.47% |
Free Cash Flow Margin | 17.45% | 13.21% | 14.33% | 33.79% | 24.33% | 8.14% | 18.71% | 32.68% | 25.16% | 4.26% | 14.06% | 40.86% | 25.39% | 1.67% | -2.86% | 44.33% | 13.40% | -2.29% | 5.18% | 27.37% |
Free Cash Flow Per Share | 3.52 | 2.48 | 2.31 | 6.79 | 4.33 | 1.33 | 2.79 | 5.74 | 4.11 | 0.66 | 2.02 | 6.79 | 3.78 | 0.23 | -0.36 | 6.98 | 1.85 | -0.29 | 0.57 | 3.65 |
Levered Free Cash Flow | 528.75 | 247.5 | 200.88 | 998.38 | 486 | 129.25 | 382 | 949.63 | 557.88 | 34.13 | 317.63 | 1,062 | 453.88 | 72.5 | -120.88 | 1,213 | 201.38 | -50.63 | 227.88 | 598.13 |
Unlevered Free Cash Flow | 595.63 | 315.63 | 270.25 | 1,072 | 550.38 | 173.63 | 425.13 | 995.88 | 603.5 | 88.5 | 355.75 | 1,102 | 491.38 | 111.88 | -81.5 | 1,251 | 240.13 | -13.75 | 264.13 | 632.5 |
Additional Metrics
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Oct '26 Oct 3, 2026 | Jul '26 Jul 4, 2026 | Apr '26 Apr 4, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 27, 2025 | Jun '25 Jun 28, 2025 | Mar '25 Mar 29, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 28, 2024 | Jun '24 Jun 29, 2024 | Mar '24 Mar 30, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jul '23 Jul 1, 2023 | Apr '23 Apr 1, 2023 | Dec '22 Dec 31, 2022 | Oct '22 Oct 1, 2022 | Jul '22 Jul 2, 2022 | Apr '22 Apr 2, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | - | 111 | 118 | 119 | 31 | 106 | 29 | 110 | 36 | 71 | 36 | 69 | 48 | 70 | 47 | 69 | 48 | 56 | 53 | - |
Cash Income Tax Paid | - | 207 | 69 | 156 | 98 | 276 | 39 | 174 | 103 | 324 | 26 | 110 | 72 | 305 | 100 | 37 | 69 | 168 | 33 | 77 |
Change in Working Capital | -202 | -349 | -243 | 376 | 46 | -390 | -76 | 305 | 54 | -423 | -307 | 481 | 98 | -409 | -446 | 525 | -192 | -398 | -264 | 145 |