Motorola Solutions Inc
For the period ended Dec 31, 2023. Filed Feb 15, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 15, 2024
MSI$527.38-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Years ended December 31 | |||
|---|---|---|---|
| (In millions) | 2023 | 2022 | 2021 |
| Operating | |||
| Net earnings | $1,714 | $1,367 | $1,250 |
| Adjustments to reconcile Net earnings to Net cash provided by operating activities: | |||
| Depreciation and amortization | 356 | 440 | 438 |
| Non-cash other charges | 14 | 23 | 3 |
| Exit of video manufacturing operations | 24 | — | — |
| Loss on ESN fixed asset impairment | — | 147 | — |
| Share-based compensation expenses | 212 | 172 | 129 |
| Gains on sales of investments and businesses, net | — | (3) | (1) |
| Losses from the extinguishment of long-term debt | — | 6 | 18 |
| Changes in assets and liabilities, net of effects of acquisitions, dispositions, and foreign currency translation adjustments: | |||
| Accounts receivable | (180) | (112) | 3 |
| Inventories | 200 | (242) | (284) |
| Other current assets and contract assets | (82) | (1) | (205) |
| Accounts payable, accrued liabilities, and contract liabilities | (144) | 451 | 578 |
| Other assets and liabilities | (38) | (91) | (126) |
| Deferred income taxes | (32) | (334) | 34 |
| Net cash provided by operating activities | 2,044 | 1,823 | 1,837 |
| Investing | |||
| Acquisitions and investments, net | (180) | (1,177) | (521) |
| Proceeds from sales of investments | 19 | 46 | 16 |
| Capital expenditures | (253) | (256) | (243) |
| Proceeds from sales of property, plant and equipment | — | — | 6 |
| Net cash used for investing activities | (414) | (1,387) | (742) |
| Financing | |||
| Net proceeds from issuance of debt | — | 595 | 844 |
| Repayment of debt | (1) | (285) | (353) |
| Revolving credit facility renewal fees | — | — | (7) |
| Issuances of common stock | 104 | 156 | 102 |
| Purchases of common stock | (804) | (836) | (528) |
| Payment of dividends | (589) | (530) | (482) |
| Payment of dividends to noncontrolling interest | (5) | (6) | (5) |
| Net cash used for financing activities | (1,295) | (906) | (429) |
| Effect of exchange rate changes on cash and cash equivalents | 45 | (79) | (46) |
| Net increase (decrease) in cash and cash equivalents | 380 | (549) | 620 |
| Cash and cash equivalents, beginning of period | 1,325 | 1,874 | 1,254 |
| Cash and cash equivalents, end of period | $1,705 | $1,325 | $1,874 |
| Supplemental Cash Flow Information | |||
| Cash paid during the period for: | |||
| Interest paid | $234 | $226 | $207 |
| Income and withholding taxes, net of refunds | $587 | $307 | $257 |
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