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10-Q Filing

MOTOROLA SOLUTIONS, INC. CIK: 68505 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0000068505-18-000017
Period End Date 20180331
Filing Date 20180504
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance msi-20180331.xml
Balance Sheet 74 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.21B USD Point-in-time
Preferred stock par value (in US$ per share) PreferredStockParOrStatedValuePerShare $100.00 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $795.00M USD Point-in-time
Preferred stock par value (in US$ per share) PreferredStockParOrStatedValuePerShare $100.00 USD Point-in-time
Common stock par value (in US$ per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Restricted cash RestrictedCash $63.00M USD Point-in-time
Common stock par value (in US$ per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Restricted cash RestrictedCash $63.00M USD Point-in-time
Total cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.03B USD Point-in-time
Total cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $858.00M USD Point-in-time
Common stock authorized (in shares) CommonStockSharesAuthorized 600.00M shares Point-in-time
Total cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.27B USD Point-in-time
Total cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $829.00M USD Point-in-time
Common stock authorized (in shares) CommonStockSharesAuthorized 600.00M shares Point-in-time
Common stock issued (in shares) CommonStockSharesIssued 161.60M shares Point-in-time
Common stock issued (in shares) CommonStockSharesIssued 162.70M shares Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $1.52B USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $1.18B USD Point-in-time
Contract assets ContractWithCustomerAssetNetCurrent $800.00M USD Point-in-time
Common stock outstanding (in shares) CommonStockSharesOutstanding 161.20M shares Point-in-time
Contract assets ContractWithCustomerAssetNetCurrent - USD Point-in-time
Common stock outstanding (in shares) CommonStockSharesOutstanding 162.10M shares Point-in-time
Inventories, net InventoryNet $441.00M USD Point-in-time
Inventories, net InventoryNet $327.00M USD Point-in-time
Other current assets OtherAssetsCurrent $832.00M USD Point-in-time
Other current assets OtherAssetsCurrent $343.00M USD Point-in-time
Total current assets AssetsCurrent $3.62B USD Point-in-time
Total current assets AssetsCurrent $3.95B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $900.00M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $856.00M USD Point-in-time
Investments LongTermInvestments $247.00M USD Point-in-time
Investments LongTermInvestments $174.00M USD Point-in-time
Deferred income taxes DeferredIncomeTaxAssetsNet $1.02B USD Point-in-time
Deferred income taxes DeferredIncomeTaxAssetsNet $973.00M USD Point-in-time
Goodwill Goodwill $938.00M USD Point-in-time
Goodwill Goodwill $1.53B USD Point-in-time
Intangible assets, net FiniteLivedIntangibleAssetsNet $1.44B USD Point-in-time
Intangible assets, net FiniteLivedIntangibleAssetsNet $861.00M USD Point-in-time
Other assets OtherAssetsNoncurrent $333.00M USD Point-in-time
Other assets OtherAssetsNoncurrent $412.00M USD Point-in-time
Total assets Assets $9.05B USD Point-in-time
Total assets Assets $8.21B USD Point-in-time
Current portion of long-term debt DebtCurrent $52.00M USD Point-in-time
Current portion of long-term debt DebtCurrent $492.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $593.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $463.00M USD Point-in-time
Contract liabilities ContractWithCustomerLiabilityCurrent - USD Point-in-time
Contract liabilities ContractWithCustomerLiabilityCurrent $1.07B USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $2.29B USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $1.07B USD Point-in-time
Total current liabilities LiabilitiesCurrent $3.10B USD Point-in-time
Total current liabilities LiabilitiesCurrent $2.93B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $4.42B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $5.30B USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $2.19B USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $2.58B USD Point-in-time
Preferred stock, $100 par value PreferredStockValue - USD Point-in-time
Preferred stock, $100 par value PreferredStockValue - USD Point-in-time
Common stock, $.01 par value: Authorized shares: 600.0; Issued shares: 3/31/18162.7; 12/31/17161.6; Outstanding shares: 3/31/18162.1; 12/31/17161.2 CommonStockValue $2.00M USD Point-in-time
Common stock, $.01 par value: Authorized shares: 600.0; Issued shares: 3/31/18162.7; 12/31/17161.6; Outstanding shares: 3/31/18162.1; 12/31/17161.2 CommonStockValue $2.00M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $421.00M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $351.00M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $531.00M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $467.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-2.51B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-2.56B USD Point-in-time
Total Motorola Solutions, Inc. stockholders equity (deficit) StockholdersEquity $-1.74B USD Point-in-time
Total Motorola Solutions, Inc. stockholders equity (deficit) StockholdersEquity $-1.55B USD Point-in-time
Noncontrolling interests MinorityInterest $15.00M USD Point-in-time
Noncontrolling interests MinorityInterest $15.00M USD Point-in-time
Total stockholders equity (deficit) StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-1.54B USD Point-in-time
Total stockholders equity (deficit) StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-1.73B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $9.05B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $8.21B USD Point-in-time
Income Statement 50 line items
Line Item Tag Value Unit Period
Net sales from products SalesRevenueGoodsNet $801.00M USD 1 Quarter
Net sales from products SalesRevenueGoodsNet $703.00M USD 1 Quarter
Net sales from services SalesRevenueServicesNet $667.00M USD 1 Quarter
Net sales from services SalesRevenueServicesNet $578.00M USD 1 Quarter
Net sales Revenues $1.47B USD 1 Quarter
Net sales Revenues $1.28B USD 1 Quarter
Costs of products sales CostOfGoodsSold $347.00M USD 1 Quarter
Costs of products sales CostOfGoodsSold $383.00M USD 1 Quarter
Costs of services sales CostOfServices $364.00M USD 1 Quarter
Costs of services sales CostOfServices $416.00M USD 1 Quarter
Costs of sales CostOfRevenue $799.00M USD 1 Quarter
Costs of sales CostOfRevenue $711.00M USD 1 Quarter
Gross margin GrossProfit $570.00M USD 1 Quarter
Gross margin GrossProfit $669.00M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $244.00M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $279.00M USD 1 Quarter
Research and development expenditures ResearchAndDevelopmentExpense $135.00M USD 1 Quarter
Research and development expenditures ResearchAndDevelopmentExpense $152.00M USD 1 Quarter
Other charges OtherOperatingIncomeExpenseNet $-67.00M USD 1 Quarter
Other charges OtherOperatingIncomeExpenseNet $-18.00M USD 1 Quarter
Operating earnings OperatingIncomeLoss $173.00M USD 1 Quarter
Operating earnings OperatingIncomeLoss $171.00M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNonoperatingNet $-51.00M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNonoperatingNet $-46.00M USD 1 Quarter
Gains on sales of investments and businesses, net GainLossOnSalesOfInvestmentsAndBusinessesNet $3.00M USD 1 Quarter
Gains on sales of investments and businesses, net GainLossOnSalesOfInvestmentsAndBusinessesNet $11.00M USD 1 Quarter
Other OtherNonoperatingIncomeExpense $4.00M USD 1 Quarter
Other OtherNonoperatingIncomeExpense $-5.00M USD 1 Quarter
Total other expense NonoperatingIncomeExpense $-53.00M USD 1 Quarter
Total other expense NonoperatingIncomeExpense $-31.00M USD 1 Quarter
Net earnings before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $140.00M USD 1 Quarter
Net earnings before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $120.00M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $23.00M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $42.00M USD 1 Quarter
Net earnings ProfitLoss $117.00M USD 1 Quarter
Net earnings ProfitLoss $78.00M USD 1 Quarter
Less: Earnings attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $1.00M USD 1 Quarter
Less: Earnings attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest - USD 1 Quarter
Net earnings attributable to Motorola Solutions, Inc. NetIncomeLoss $117.00M USD 1 Quarter
Net earnings attributable to Motorola Solutions, Inc. NetIncomeLoss $77.00M USD 1 Quarter
Basic (in US$ per share) EarningsPerShareBasic $0.73 USD 1 Quarter
Basic (in US$ per share) EarningsPerShareBasic $0.47 USD 1 Quarter
Diluted (in US$ per share) EarningsPerShareDiluted $0.45 USD 1 Quarter
Diluted (in US$ per share) EarningsPerShareDiluted $0.69 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 161.40M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 164.20M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 170.60M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 169.90M shares 1 Quarter
Dividends declared per share (in US$ per share) CommonStockDividendsPerShareDeclared $0.52 USD 1 Quarter
Dividends declared per share (in US$ per share) CommonStockDividendsPerShareDeclared $0.47 USD 1 Quarter
Cash Flow Statement 66 line items
Line Item Tag Value Unit Period
Net earnings attributable to Motorola Solutions, Inc. NetIncomeLoss $117.00M USD 1 Quarter
Net earnings attributable to Motorola Solutions, Inc. NetIncomeLoss $77.00M USD 1 Quarter
Earnings attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $1.00M USD 1 Quarter
Earnings attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest - USD 1 Quarter
Net earnings ProfitLoss $117.00M USD 1 Quarter
Net earnings ProfitLoss $78.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $80.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $82.00M USD 1 Quarter
Non-cash other charges OtherNonCashChargesOrIncome $3.00M USD 1 Quarter
Non-cash other charges OtherNonCashChargesOrIncome $15.00M USD 1 Quarter
Non-U.S. pension settlement loss DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments - USD 1 Quarter
Non-U.S. pension settlement loss DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments $-9.00M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $17.00M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $17.00M USD 1 Quarter
Gains on sales of investments and businesses, net GainLossOnSalesOfInvestmentsAndBusinessesNet $3.00M USD 1 Quarter
Gains on sales of investments and businesses, net GainLossOnSalesOfInvestmentsAndBusinessesNet $11.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $7.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $23.00M USD 1 Quarter
Accounts receivable, contract assets and contract liabilities IncreaseDecreaseinAccountsReceivableContractAssetsAndContractLiabilities $-195.00M USD 1 Quarter
Accounts receivable, contract assets and contract liabilities IncreaseDecreaseinAccountsReceivableContractAssetsAndContractLiabilities $-368.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $69.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $9.00M USD 1 Quarter
Other current assets IncreaseDecreaseInOtherOperatingAssets $-2.00M USD 1 Quarter
Other current assets IncreaseDecreaseInOtherOperatingAssets $59.00M USD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-350.00M USD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-307.00M USD 1 Quarter
Other assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $10.00M USD 1 Quarter
Other assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $553.00M USD 1 Quarter
Net cash provided by (used for) operating activities NetCashProvidedByUsedInOperatingActivities $-500.00M USD 1 Quarter
Net cash provided by (used for) operating activities NetCashProvidedByUsedInOperatingActivities $142.00M USD 1 Quarter
Acquisitions and investments, net PaymentsForAcquisitionsAndInvestmentsNet $1.12B USD 1 Quarter
Acquisitions and investments, net PaymentsForAcquisitionsAndInvestmentsNet $106.00M USD 1 Quarter
Proceeds from sales of investments and businesses, net ProceedsFromSalesOfInvestmentsAndBusinessesNet $77.00M USD 1 Quarter
Proceeds from sales of investments and businesses, net ProceedsFromSalesOfInvestmentsAndBusinessesNet $53.00M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $68.00M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $41.00M USD 1 Quarter
Net cash used for investing activities NetCashProvidedByUsedInInvestingActivities $-121.00M USD 1 Quarter
Net cash used for investing activities NetCashProvidedByUsedInInvestingActivities $-1.09B USD 1 Quarter
Repayment of debt RepaymentsOfLongTermDebt $50.00M USD 1 Quarter
Repayment of debt RepaymentsOfLongTermDebt $1.00M USD 1 Quarter
Net proceeds from issuance of debt ProceedsFromIssuanceOfDebt - USD 1 Quarter
Net proceeds from issuance of debt ProceedsFromIssuanceOfDebt $1.30B USD 1 Quarter
Issuance of common stock ProceedsFromIssuanceOfCommonStock $53.00M USD 1 Quarter
Issuance of common stock ProceedsFromIssuanceOfCommonStock $22.00M USD 1 Quarter
Purchase of common stock PaymentsForRepurchaseOfCommonStock $66.00M USD 1 Quarter
Purchase of common stock PaymentsForRepurchaseOfCommonStock $178.00M USD 1 Quarter
Payment of dividends PaymentsOfDividendsCommonStock $77.00M USD 1 Quarter
Payment of dividends PaymentsOfDividendsCommonStock $84.00M USD 1 Quarter
Net cash provided by (used for) financing activities NetCashProvidedByUsedInFinancingActivities $1.15B USD 1 Quarter
Net cash provided by (used for) financing activities NetCashProvidedByUsedInFinancingActivities $-234.00M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $12.00M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $30.00M USD 1 Quarter
Net decrease in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-410.00M USD 1 Quarter
Net decrease in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-201.00M USD 1 Quarter
Cash and cash equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.03B USD Point-in-time
Cash and cash equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $858.00M USD Point-in-time
Cash and cash equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.27B USD Point-in-time
Cash and cash equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $829.00M USD Point-in-time
Cash and cash equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.03B USD Point-in-time
Cash and cash equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $858.00M USD Point-in-time
Cash and cash equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.27B USD Point-in-time
Cash and cash equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $829.00M USD Point-in-time
Interest, net InterestPaidNet $54.00M USD 1 Quarter
Interest, net InterestPaidNet $55.00M USD 1 Quarter
Income and withholding taxes, net of refunds IncomeTaxesPaidNet $36.00M USD 1 Quarter
Income and withholding taxes, net of refunds IncomeTaxesPaidNet $21.00M USD 1 Quarter
Stockholders Equity 9 line items
Line Item Tag Value Unit Period
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-1.54B USD Point-in-time
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-1.73B USD Point-in-time
Net earnings ProfitLoss $117.00M USD 1 Quarter
Net earnings ProfitLoss $78.00M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $54.00M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $53.00M USD 1 Quarter
Share repurchase program (in shares) StockRepurchasedAndRetiredDuringPeriodShares 600,000.00 shares 1 Quarter
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-1.54B USD Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-1.73B USD Point-in-time
Comprehensive Income 16 line items
Line Item Tag Value Unit Period
Net earnings ProfitLoss $117.00M USD 1 Quarter
Net earnings ProfitLoss $78.00M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $48.00M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $34.00M USD 1 Quarter
Marketable securities OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax - USD 1 Quarter
Marketable securities OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $-6.00M USD 1 Quarter
Defined benefit plans OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-19.00M USD 1 Quarter
Defined benefit plans OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-12.00M USD 1 Quarter
Total other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax $54.00M USD 1 Quarter
Total other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax $53.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $131.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $171.00M USD 1 Quarter
Less: Earnings attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $1.00M USD 1 Quarter
Less: Earnings attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest - USD 1 Quarter
Comprehensive income attributable to Motorola Solutions, Inc. common shareholders ComprehensiveIncomeNetOfTax $130.00M USD 1 Quarter
Comprehensive income attributable to Motorola Solutions, Inc. common shareholders ComprehensiveIncomeNetOfTax $171.00M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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