Motorola Solutions, Inc.
For the period ended Dec 31, 2025. Filed Feb 12, 2026.
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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.
FY2025 · Filed Feb 12, 2026
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) | 2025 | 2024 | 2023 |
| Operating | |||
| Net earnings | $2,160 | $1,582 | $1,714 |
| Adjustments to reconcile Net earnings to Net cash provided by operating activities: | |||
| Depreciation and amortization | 425 | 336 | 356 |
| Non-cash other charges | 3 | 16 | 14 |
| Exit of video manufacturing operations | — | — | 24 |
| Share-based compensation expenses | 293 | 243 | 212 |
| Loss from the extinguishment of Silver Lake Convertible Debt | — | 585 | — |
| Changes in assets and liabilities, net of effects of acquisitions, dispositions, and foreign currency translation adjustments: | |||
| Accounts receivable | (173) | (246) | (180) |
| Inventories | (145) | 62 | 200 |
| Other current assets and contract assets | (221) | (213) | (82) |
| Accounts payable, accrued liabilities, and contract liabilities | 280 | 302 | (144) |
| Other assets and liabilities | 121 | (61) | (38) |
| Deferred income taxes | 94 | (215) | (32) |
| Net cash provided by operating activities | 2,837 | 2,391 | 2,044 |
| Investing | |||
| Acquisitions and investments, net | (4,916) | (290) | (180) |
| Proceeds from sales of investments | 17 | 40 | 19 |
| Capital expenditures | (265) | (257) | (253) |
| Net cash used for investing activities | (5,164) | (507) | (414) |
| Financing | |||
| Net proceeds from issuance of debt | 2,733 | 1,288 | — |
| Net proceeds from short-term borrowings | 923 | — | — |
| Repayment of debt | (322) | (1,906) | (1) |
| Repayment of short-term borrowings | (179) | — | — |
| Revolving credit facility renewal fees | (5) | — | — |
| Issuances of common stock, net of tax | 46 | 75 | 104 |
| Purchases of common stock | (1,154) | (247) | (804) |
| Payment of dividends | (728) | (654) | (589) |
| Payment of dividends to noncontrolling interest | (5) | (4) | (5) |
| Net cash provided by (used for) financing activities | 1,309 | (1,448) | (1,295) |
| Effect of exchange rate changes on cash and cash equivalents | 81 | (39) | 45 |
| Net increase (decrease) in cash and cash equivalents | (937) | 397 | 380 |
| Cash and cash equivalents, beginning of period | 2,102 | 1,705 | 1,325 |
| Cash and cash equivalents, end of period | $1,165 | $2,102 | $1,705 |
| Supplemental Cash Flow Information | |||
| Cash paid during the period for: | |||
| Interest paid | $285 | $253 | $234 |
| Income and withholding taxes, net of refunds | $569 | $627 | $587 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.