◆ Market Data --:--
Commodities
Loading...
📈 Yields & Rates
Loading...
💱 FX Rates
Loading...
📈 Market Pulse
Loading...
🏛 Congress Trades
Loading...
👤 Insider Trades
Loading...
Customize Items

10-Q Filing

MOTOROLA SOLUTIONS, INC. CIK: 68505 Q1 2021
Filing Information
Form Type 10-Q
Accession Number 0000068505-21-000015
Period End Date 20210331
Filing Date 20210506
Fiscal Year 2021
Fiscal Period Q1
XBRL Instance msi-20210403_htm.xml
Balance Sheet 78 line items
Line Item Tag Value Unit Period
Preferred stock par value (in USD per share) PreferredStockParOrStatedValuePerShare $100.00 USD Point-in-time
Preferred stock par value (in USD per share) PreferredStockParOrStatedValuePerShare $100.00 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.32B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.25B USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $1.39B USD Point-in-time
Preferred stock authorized (in shares) PreferredStockSharesAuthorized 500,000.00 shares Point-in-time
Preferred stock authorized (in shares) PreferredStockSharesAuthorized 500,000.00 shares Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $1.09B USD Point-in-time
Preferred stock issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Contract assets ContractWithCustomerAssetNetCurrent $767.00M USD Point-in-time
Contract assets ContractWithCustomerAssetNetCurrent $933.00M USD Point-in-time
Preferred stock issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Inventories, net InventoryNet $530.00M USD Point-in-time
Inventories, net InventoryNet $508.00M USD Point-in-time
Preferred stock outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred stock outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Common stock par value (in USD per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Other current assets OtherAssetsCurrent $242.00M USD Point-in-time
Other current assets OtherAssetsCurrent $235.00M USD Point-in-time
Common stock par value (in USD per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Total current assets AssetsCurrent $3.94B USD Point-in-time
Common stock authorized (in shares) CommonStockSharesAuthorized 600.00M shares Point-in-time
Total current assets AssetsCurrent $4.33B USD Point-in-time
Common stock authorized (in shares) CommonStockSharesAuthorized 600.00M shares Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization $1.02B USD Point-in-time
Common stock issued (in shares) CommonStockSharesIssued 170.20M shares Point-in-time
Common stock issued (in shares) CommonStockSharesIssued 170.60M shares Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization $1.03B USD Point-in-time
Operating lease assets OperatingLeaseRightOfUseAsset $468.00M USD Point-in-time
Operating lease assets OperatingLeaseRightOfUseAsset $448.00M USD Point-in-time
Common stock outstanding (in shares) CommonStockSharesOutstanding 169.40M shares Point-in-time
Common stock outstanding (in shares) CommonStockSharesOutstanding 169.70M shares Point-in-time
Investments LongTermInvestments $158.00M USD Point-in-time
Investments LongTermInvestments $168.00M USD Point-in-time
Deferred income taxes DeferredIncomeTaxAssetsNet $955.00M USD Point-in-time
Deferred income taxes DeferredIncomeTaxAssetsNet $966.00M USD Point-in-time
Goodwill Goodwill $2.22B USD Point-in-time
Goodwill Goodwill $2.22B USD Point-in-time
Intangible assets, net FiniteLivedIntangibleAssetsNet $1.23B USD Point-in-time
Intangible assets, net FiniteLivedIntangibleAssetsNet $1.18B USD Point-in-time
Other assets OtherAssetsNoncurrent $481.00M USD Point-in-time
Other assets OtherAssetsNoncurrent $482.00M USD Point-in-time
Total assets Assets $10.88B USD Point-in-time
Total assets Assets $10.42B USD Point-in-time
Current portion of long-term debt DebtCurrent $12.00M USD Point-in-time
Current portion of long-term debt DebtCurrent $11.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $612.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $484.00M USD Point-in-time
Contract liabilities ContractWithCustomerLiabilityCurrent $1.42B USD Point-in-time
Contract liabilities ContractWithCustomerLiabilityCurrent $1.55B USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $1.18B USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $1.31B USD Point-in-time
Total current liabilities LiabilitiesCurrent $3.10B USD Point-in-time
Total current liabilities LiabilitiesCurrent $3.49B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $5.16B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $5.16B USD Point-in-time
Operating lease liabilities OperatingLeaseLiabilityNoncurrent $402.00M USD Point-in-time
Operating lease liabilities OperatingLeaseLiabilityNoncurrent $356.00M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $2.29B USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $2.36B USD Point-in-time
Preferred stock, $100 par value: 0.5 shares authorized; none issued and outstanding PreferredStockValue - USD Point-in-time
Preferred stock, $100 par value: 0.5 shares authorized; none issued and outstanding PreferredStockValue - USD Point-in-time
Common stock, $0.01 par value. Authorized shares: 600.0, Issued shares: 4/3/21-170.6; 12/31/20-170.2, Outstanding shares: 4/3/21-169.7; 12/31/20-169.4 CommonStockValue $2.00M USD Point-in-time
Common stock, $0.01 par value. Authorized shares: 600.0, Issued shares: 4/3/21-170.6; 12/31/20-170.2, Outstanding shares: 4/3/21-169.7; 12/31/20-169.4 CommonStockValue $2.00M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $832.00M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $759.00M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.13B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.08B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-2.45B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-2.41B USD Point-in-time
Total Motorola Solutions, Inc. stockholders equity (deficit) StockholdersEquity $-496.00M USD Point-in-time
Total Motorola Solutions, Inc. stockholders equity (deficit) StockholdersEquity $-558.00M USD Point-in-time
Non-controlling interests MinorityInterest $17.00M USD Point-in-time
Non-controlling interests MinorityInterest $18.00M USD Point-in-time
Total stockholders equity (deficit) StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-478.00M USD Point-in-time
Total stockholders equity (deficit) StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-541.00M USD Point-in-time
Total liabilities and stockholders equity (deficit) LiabilitiesAndStockholdersEquity $10.42B USD Point-in-time
Total liabilities and stockholders equity (deficit) LiabilitiesAndStockholdersEquity $10.88B USD Point-in-time
Income Statement 38 line items
Line Item Tag Value Unit Period
Net sales RevenueFromContractWithCustomerExcludingAssessedTax $1.77B USD 1 Quarter
Net sales RevenueFromContractWithCustomerExcludingAssessedTax $1.66B USD 1 Quarter
Costs of sales CostOfGoodsAndServicesSold $868.00M USD 1 Quarter
Costs of sales CostOfGoodsAndServicesSold $913.00M USD 1 Quarter
Gross margin GrossProfit $787.00M USD 1 Quarter
Gross margin GrossProfit $860.00M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $341.00M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $303.00M USD 1 Quarter
Research and development expenditures ResearchAndDevelopmentExpense $180.00M USD 1 Quarter
Research and development expenditures ResearchAndDevelopmentExpense $168.00M USD 1 Quarter
Other charges OtherOperatingIncomeExpenseNet $-19.00M USD 1 Quarter
Other charges OtherOperatingIncomeExpenseNet $-79.00M USD 1 Quarter
Operating earnings OperatingIncomeLoss $298.00M USD 1 Quarter
Operating earnings OperatingIncomeLoss $259.00M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNonoperatingNet $-52.00M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNonoperatingNet $-54.00M USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $17.00M USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $45.00M USD 1 Quarter
Total other expense NonoperatingIncomeExpense $-35.00M USD 1 Quarter
Total other expense NonoperatingIncomeExpense $-9.00M USD 1 Quarter
Net earnings before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $224.00M USD 1 Quarter
Net earnings before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $289.00M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $26.00M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $44.00M USD 1 Quarter
Net earnings ProfitLoss $198.00M USD 1 Quarter
Net earnings ProfitLoss $245.00M USD 1 Quarter
Less: Earnings attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $1.00M USD 1 Quarter
Less: Earnings attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $1.00M USD 1 Quarter
Net earnings attributable to Motorola Solutions, Inc. NetIncomeLoss $244.00M USD 1 Quarter
Net earnings attributable to Motorola Solutions, Inc. NetIncomeLoss $197.00M USD 1 Quarter
Basic (in USD per share) EarningsPerShareBasic $1.44 USD 1 Quarter
Basic (in USD per share) EarningsPerShareBasic $1.15 USD 1 Quarter
Diluted (in USD per share) EarningsPerShareDiluted $1.12 USD 1 Quarter
Diluted (in USD per share) EarningsPerShareDiluted $1.41 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 169.30M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 170.60M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 175.90M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 173.20M shares 1 Quarter
Cash Flow Statement 62 line items
Line Item Tag Value Unit Period
Net earnings ProfitLoss $198.00M USD 1 Quarter
Net earnings ProfitLoss $245.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $110.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $99.00M USD 1 Quarter
Non-cash other income OtherNonCashChargesOrIncome $-51.00M USD 1 Quarter
Non-cash other income OtherNonCashChargesOrIncome $-7.00M USD 1 Quarter
Share-based compensation expenses ShareBasedCompensation $38.00M USD 1 Quarter
Share-based compensation expenses ShareBasedCompensation $29.00M USD 1 Quarter
Accounts receivable IncreaseDecreaseinAccountsReceivableContractAssetsAndContractLiabilities $-275.00M USD 1 Quarter
Accounts receivable IncreaseDecreaseinAccountsReceivableContractAssetsAndContractLiabilities $-298.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-2.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $24.00M USD 1 Quarter
Other current assets and contract assets IncreaseDecreaseInOtherOperatingAssets $-149.00M USD 1 Quarter
Other current assets and contract assets IncreaseDecreaseInOtherOperatingAssets $-48.00M USD 1 Quarter
Accounts payable, accrued liabilities, and contract liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesAndContractWithCustomerLiability $-301.00M USD 1 Quarter
Accounts payable, accrued liabilities, and contract liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesAndContractWithCustomerLiability $-426.00M USD 1 Quarter
Other assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $5.00M USD 1 Quarter
Other assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $4.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $1.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $4.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $370.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $308.00M USD 1 Quarter
Acquisitions and investments, net PaymentsForAcquisitionsAndInvestmentsNet $36.00M USD 1 Quarter
Acquisitions and investments, net PaymentsForAcquisitionsAndInvestmentsNet $2.00M USD 1 Quarter
Proceeds from sales of investments and businesses, net ProceedsFromSalesOfInvestmentsAndBusinessesNet $2.00M USD 1 Quarter
Proceeds from sales of investments and businesses, net ProceedsFromSalesOfInvestmentsAndBusinessesNet $2.00M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $52.00M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $48.00M USD 1 Quarter
Proceeds from sales of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $56.00M USD 1 Quarter
Proceeds from sales of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment - USD 1 Quarter
Net cash used for investing activities NetCashProvidedByUsedInInvestingActivities $-26.00M USD 1 Quarter
Net cash used for investing activities NetCashProvidedByUsedInInvestingActivities $-52.00M USD 1 Quarter
Revolving credit facility renewal fees PaymentsOfDebtIssuanceCosts $7.00M USD 1 Quarter
Revolving credit facility renewal fees PaymentsOfDebtIssuanceCosts - USD 1 Quarter
Repayment of debt RepaymentsOfLongTermDebt $4.00M USD 1 Quarter
Repayment of debt RepaymentsOfLongTermDebt $3.00M USD 1 Quarter
Proceeds from unsecured revolving credit facility draw ProceedsFromLinesOfCredit $800.00M USD 1 Quarter
Proceeds from unsecured revolving credit facility draw ProceedsFromLinesOfCredit - USD 1 Quarter
Issuances of common stock ProceedsFromIssuanceOfCommonStock $5.00M USD 1 Quarter
Issuances of common stock ProceedsFromIssuanceOfCommonStock $45.00M USD 1 Quarter
Purchases of common stock PaymentsForRepurchaseOfCommonStock $170.00M USD 1 Quarter
Purchases of common stock PaymentsForRepurchaseOfCommonStock $253.00M USD 1 Quarter
Payments of dividends PaymentsOfDividendsCommonStock $109.00M USD 1 Quarter
Payments of dividends PaymentsOfDividendsCommonStock $121.00M USD 1 Quarter
Net cash provided by (used for) financing activities NetCashProvidedByUsedInFinancingActivities $439.00M USD 1 Quarter
Net cash provided by (used for) financing activities NetCashProvidedByUsedInFinancingActivities $-256.00M USD 1 Quarter
Effect of exchange rate changes on total cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $4.00M USD 1 Quarter
Effect of exchange rate changes on total cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-50.00M USD 1 Quarter
Net increase in total cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $66.00M USD 1 Quarter
Net increase in total cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $671.00M USD 1 Quarter
Cash and cash equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.32B USD Point-in-time
Cash and cash equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.67B USD Point-in-time
Cash and cash equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.00B USD Point-in-time
Cash and cash equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.25B USD Point-in-time
Cash and cash equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.32B USD Point-in-time
Cash and cash equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.67B USD Point-in-time
Cash and cash equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.00B USD Point-in-time
Cash and cash equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.25B USD Point-in-time
Interest paid InterestPaidNet $59.00M USD 1 Quarter
Interest paid InterestPaidNet $61.00M USD 1 Quarter
Income and withholding taxes, net of refunds IncomeTaxesPaidNet $22.00M USD 1 Quarter
Income and withholding taxes, net of refunds IncomeTaxesPaidNet $78.00M USD 1 Quarter
Stockholders Equity 11 line items
Line Item Tag Value Unit Period
Dividends declared per share (in USD per share) CommonStockDividendsPerShareDeclared $0.71 USD 1 Quarter
Dividends declared per share (in USD per share) CommonStockDividendsPerShareDeclared $0.64 USD 1 Quarter
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-478.00M USD Point-in-time
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-541.00M USD Point-in-time
Net earnings ProfitLoss $198.00M USD 1 Quarter
Net earnings ProfitLoss $245.00M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $36.00M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-126.00M USD 1 Quarter
Share repurchase program (in shares) StockRepurchasedAndRetiredDuringPeriodShares 1.00M shares 1 Quarter
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-478.00M USD Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-541.00M USD Point-in-time
Comprehensive Income 14 line items
Line Item Tag Value Unit Period
Net earnings ProfitLoss $198.00M USD 1 Quarter
Net earnings ProfitLoss $245.00M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-138.00M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $19.00M USD 1 Quarter
Defined benefit plans OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-12.00M USD 1 Quarter
Defined benefit plans OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-17.00M USD 1 Quarter
Total other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $36.00M USD 1 Quarter
Total other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-126.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $72.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $281.00M USD 1 Quarter
Less: Earnings attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $1.00M USD 1 Quarter
Less: Earnings attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $1.00M USD 1 Quarter
Comprehensive income attributable to Motorola Solutions, Inc. common shareholders ComprehensiveIncomeNetOfTax $280.00M USD 1 Quarter
Comprehensive income attributable to Motorola Solutions, Inc. common shareholders ComprehensiveIncomeNetOfTax $71.00M USD 1 Quarter

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

NEWS
Loading article...
NEWS
Loading news...
TRENDING
Loading...