Motorola Solutions Inc

For the period ended Dec 31, 2024. Filed Feb 14, 2025.

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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.

FY2024 · Filed Feb 14, 2025

MSI$527.97+2.6%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

	Years ended December 31
(In millions, except per share amounts)	2024	2023	2022
Net sales from products	$6,454	$5,814	$5,368
Net sales from services	4,363	4,164	3,744
Net sales	10,817	9,978	9,112
Costs of products sales	2,674	2,591	2,595
Costs of services sales	2,631	2,417	2,288
Costs of sales	5,305	5,008	4,883
Gross margin	5,512	4,970	4,229
Selling, general and administrative expenses	1,752	1,561	1,450
Research and development expenditures	917	858	779
Other charges	155	257	339
Operating earnings	2,688	2,294	1,661
Other income (expense):
Interest expense, net	(227)	(216)	(226)
Gains on sales of investments and businesses, net	—	—	3
Other, net	(489)	68	77
Total other expense	(716)	(148)	(146)
Net earnings before income taxes	1,972	2,146	1,515
Income tax expense	390	432	148
Net earnings	1,582	1,714	1,367
Less: Earnings attributable to noncontrolling interests	5	5	4
Net earnings attributable to Motorola Solutions, Inc.	$1,577	$1,709	$1,363
Earnings per common share:
Basic	$9.45	$10.23	$8.14
Diluted	9.23	9.93	7.93
Weighted average common shares outstanding:
Basic	166.8	167.0	167.5
Diluted	170.8	172.1	171.9
Dividends declared per share	$4.03	$3.62	$3.25

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