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.

Adjustments to Financial Statements

Microsoft Excel

Adjustments to Current Assets

Motorola Solutions Inc., adjusted current assets

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
As Reported
Current assets 5,725 5,255 5,412 4,327 4,178
Adjustments
Add: Allowance for credit losses 69 61 70 75 63
After Adjustment
Adjusted current assets 5,794 5,316 5,482 4,402 4,241

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).


Adjustments to Total Assets

Motorola Solutions Inc., adjusted total assets

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
As Reported
Total assets 13,336 12,814 12,189 10,876 10,642
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)1
Add: Allowance for credit losses 69 61 70 75 63
Less: Deferred tax assets2 1,062 1,036 916 966 943
After Adjustment
Adjusted total assets 12,343 11,839 11,343 9,985 9,762

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).

1 Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

2 Deferred tax assets. See details »


Adjustments to Total Liabilities

Motorola Solutions Inc., adjusted total liabilities

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
As Reported
Total liabilities 12,597 12,683 12,212 11,417 11,325
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)1
Less: Deferred tax liabilities2 55 73 183 180 184
Less: Reorganization of businesses accruals 28 36 34 79 78
After Adjustment
Adjusted total liabilities 12,514 12,574 11,995 11,158 11,063

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).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Deferred tax liabilities. See details »


Adjustments to Stockholders’ Equity

Motorola Solutions Inc., adjusted total Motorola Solutions, Inc. stockholders’ equity (deficit)

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
As Reported
Total Motorola Solutions, Inc. stockholders’ equity (deficit) 724 116 (40) (558) (700)
Adjustments
Less: Net deferred tax assets (liabilities)1 1,005 964 733 786 759
Add: Allowance for credit losses 69 61 70 75 63
Add: Reorganization of businesses accruals 28 36 34 79 78
Add: Noncontrolling interests 15 15 17 17 17
After Adjustment
Adjusted total stockholders’ equity (deficit) (169) (736) (652) (1,173) (1,301)

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).

1 Net deferred tax assets (liabilities). See details »


Adjustments to Capitalization Table

Motorola Solutions Inc., adjusted capitalization table

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
As Reported
Current portion of long-term debt 1,313 1 5 12 16
Long-term debt, excluding current portion 4,705 6,013 5,688 5,163 5,113
Total reported debt 6,018 6,014 5,693 5,175 5,129
Total Motorola Solutions, Inc. stockholders’ equity (deficit) 724 116 (40) (558) (700)
Total reported capital 6,742 6,130 5,653 4,617 4,429
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)1
Add: Current operating lease liabilities2 125 118 124 126 122
Add: Non-current operating lease liabilities3 407 419 313 402 497
Adjusted total debt 6,550 6,551 6,130 5,703 5,748
Adjustments to Equity
Less: Net deferred tax assets (liabilities)4 1,005 964 733 786 759
Add: Allowance for credit losses 69 61 70 75 63
Add: Reorganization of businesses accruals 28 36 34 79 78
Add: Noncontrolling interests 15 15 17 17 17
Adjusted total stockholders’ equity (deficit) (169) (736) (652) (1,173) (1,301)
After Adjustment
Adjusted total capital 6,381 5,815 5,478 4,530 4,447

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).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Current operating lease liabilities. See details »

3 Non-current operating lease liabilities. See details »

4 Net deferred tax assets (liabilities). See details »


Adjustments to Reported Income

Motorola Solutions Inc., adjusted net earnings attributable to Motorola Solutions, Inc.

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
As Reported
Net earnings attributable to Motorola Solutions, Inc. 1,709 1,363 1,245 949 868
Adjustments
Add: Deferred income tax expense (benefit)1 (32) (334) 34 (25) (84)
Add: Increase (decrease) in allowance for credit losses 8 (9) (5) 12 12
Add: Increase (decrease) in reorganization of businesses accruals (8) 2 (45) 1 (6)
Add: Other comprehensive income (loss), net of tax (5) (156) 67 (6) 325
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest 5 4 5 4 3
After Adjustment
Adjusted net earnings 1,677 870 1,301 935 1,118

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).

1 Deferred income tax expense (benefit). See details »