Stock Analysis on Net
Stock Analysis on Net

Motorola Solutions Inc. (NYSE:MSI)

This company has been moved to the archive! The financial data has not been updated since August 1, 2024.

Common-Size Income Statement 

Motorola Solutions Inc., common-size consolidated income statement

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net sales from products 58.27 58.91 56.37 55.13 60.17
Net sales from services 41.73 41.09 43.63 44.87 39.83
Net sales 100.00% 100.00% 100.00% 100.00% 100.00%
Costs of products sales -25.97 -28.48 -25.75 -25.25 -25.98
Costs of services sales -24.22 -25.11 -24.81 -26.09 -24.18
Costs of sales -50.19% -53.59% -50.56% -51.34% -50.16%
Gross margin 49.81% 46.41% 49.44% 48.66% 49.84%
Selling, general and administrative expenses -15.64 -15.91 -16.56 -17.44 -17.79
Research and development expenditures -8.60 -8.55 -8.98 -9.25 -8.71
Intangibles amortization -1.77 -2.82 -2.89 -2.90 -2.64
Reorganization of businesses -0.22 -0.20 -0.29 -0.77 -0.51
Legal Settlements -0.04 -0.25 -0.04 -0.12 -0.04
Fixed asset impairments -0.03 -0.13 0.00 -0.07 0.00
Gain on sale of property, plant, and equipment 0.00 0.00 0.00 0.67 0.00
Environmental reserve expense -0.15 0.00 0.00 0.00 0.00
Exit of video manufacturing operations -0.24 0.00 0.00 0.00 0.00
Operating lease asset impairments -0.06 -0.26 -0.12 0.00 -0.06
Acquisition-related transaction fees -0.07 -0.25 -0.18 -0.12 -0.04
Gain on Hytera legal settlement 0.00 0.16 0.00 0.00 0.00
Other 0.01 0.03 0.02 -0.01 -0.01
Other charges -2.58% -3.72% -3.50% -3.32% -3.30%
Operating earnings 22.99% 18.23% 20.40% 18.65% 20.05%
Interest expense -2.50 -2.63 -2.63 -3.14 -3.00
Interest income 0.33 0.15 0.09 0.18 0.22
Interest expense, net -2.16% -2.48% -2.55% -2.97% -2.79%
Gains (losses) on sales of investments and businesses, net 0.00 0.03 0.01 -0.03 0.06
Net periodic pension and postretirement benefit 0.99 1.35 1.51 1.09 0.99
Loss from the extinguishment of long-term debt 0.00 -0.07 -0.22 -0.76 -0.63
Gains from the extinguishment of 2.00% senior convertible notes 0.00 0.00 0.00 0.00 0.05
Investment impairments -0.16 -0.01 0.00 -0.05 -0.23
Foreign currency gain (loss) -0.53 0.41 0.21 -0.59 -0.28
Gain (loss) on derivative instruments 0.20 -0.67 -0.37 0.34 -0.10
Gains (loss) on equity method investments 0.00 -0.03 0.06 0.04 0.04
Fair value adjustments to equity investments 0.13 -0.33 -0.10 0.08 -0.04
Gain on TETRA Ireland equity method investment 0.00 0.23 0.00 0.00 0.00
U.S. pension settlement 0.00 0.00 0.00 0.00 -4.55
Other 0.05 -0.03 0.04 0.03 0.13
Other, net 0.68% 0.85% 1.13% 0.18% -4.63%
Other expense -1.48% -1.60% -1.41% -2.82% -7.35%
Net earnings before income taxes 21.51% 16.63% 18.99% 15.83% 12.69%
Income tax expense -4.33 -1.62 -3.70 -2.98 -1.65
Net earnings 17.18% 15.00% 15.30% 12.85% 11.04%
Earnings attributable to noncontrolling interests -0.05 -0.04 -0.06 -0.05 -0.04
Net earnings attributable to Motorola Solutions, Inc. 17.13% 14.96% 15.24% 12.80% 11.01%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Income statement item Description The company
Operating earnings The net result for the period of deducting operating expenses from operating revenues. Motorola Solutions Inc. operating earnings as a percentage of net sales decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Net earnings before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Motorola Solutions Inc. net earnings before income taxes as a percentage of net sales decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Net earnings attributable to Motorola Solutions, Inc. The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Motorola Solutions Inc. net earnings attributable to Motorola Solutions, Inc. as a percentage of net sales decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.