Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Motorola Solutions Inc., consolidated income statement (quarterly data)

US$ in millions

3 months ended:	Jun 29, 2024	Mar 30, 2024	Dec 31, 2023	Sep 30, 2023	Jul 1, 2023	Apr 1, 2023	Dec 31, 2022	Oct 1, 2022	Jul 2, 2022	Apr 2, 2022	Dec 31, 2021	Oct 2, 2021	Jul 3, 2021	Apr 3, 2021	Dec 31, 2020	Sep 26, 2020	Jun 27, 2020	Mar 28, 2020	Dec 31, 2019	Sep 28, 2019	Jun 29, 2019	Mar 30, 2019
Net sales from products	1,563)	1,405)	1,751)	1,490)	1,349)	1,224)	1,671)	1,439)	1,212)	1,046)	1,365)	1,221)	1,094)	926)	1,282)	1,044)	877)	884)	1,487)	1,196)	1,118)	945)
Net sales from services	1,065)	984)	1,097)	1,066)	1,054)	947)	1,036)	934)	928)	846)	955)	886)	877)	847)	991)	824)	741)	771)	889)	798)	742)	712)
Net sales	2,628)	2,389)	2,848)	2,556)	2,403)	2,171)	2,707)	2,373)	2,140)	1,892)	2,320)	2,107)	1,971)	1,773)	2,273)	1,868)	1,618)	1,655)	2,376)	1,994)	1,860)	1,657)
Costs of products sales	(653)	(600)	(721)	(658)	(636)	(576)	(751)	(659)	(637)	(548)	(596)	(559)	(511)	(438)	(575)	(487)	(413)	(397)	(614)	(501)	(490)	(444)
Costs of services sales	(636)	(597)	(672)	(618)	(578)	(549)	(605)	(683)	(513)	(487)	(541)	(503)	(508)	(475)	(552)	(472)	(439)	(471)	(542)	(486)	(439)	(440)
Costs of sales	(1,289)	(1,197)	(1,393)	(1,276)	(1,214)	(1,125)	(1,356)	(1,342)	(1,150)	(1,035)	(1,137)	(1,062)	(1,019)	(913)	(1,127)	(959)	(852)	(868)	(1,156)	(987)	(929)	(884)
Gross margin	1,339)	1,192)	1,455)	1,280)	1,189)	1,046)	1,351)	1,031)	990)	857)	1,183)	1,045)	952)	860)	1,146)	909)	766)	787)	1,220)	1,007)	931)	773)
Selling, general and administrative expenses	(430)	(397)	(423)	(380)	(390)	(368)	(378)	(378)	(356)	(338)	(368)	(351)	(331)	(303)	(342)	(313)	(297)	(341)	(366)	(359)	(351)	(327)
Research and development expenditures	(220)	(218)	(218)	(215)	(215)	(210)	(203)	(197)	(191)	(188)	(190)	(183)	(181)	(180)	(182)	(175)	(161)	(168)	(183)	(172)	(170)	(162)
Other charges	(45)	(58)	(76)	(46)	(66)	(69)	(79)	(83)	(85)	(92)	(77)	(60)	(70)	(79)	(68)	(69)	(90)	(19)	(81)	(63)	(61)	(55)
Operating earnings	644)	519)	738)	639)	518)	399)	691)	373)	358)	239)	548)	451)	370)	298)	554)	352)	218)	259)	590)	413)	349)	229)
Interest expense, net	(69)	(44)	(52)	(53)	(57)	(54)	(54)	(60)	(56)	(56)	(54)	(56)	(44)	(54)	(52)	(58)	(58)	(52)	(55)	(54)	(56)	(55)
Gain (loss) on sales of investments and businesses, net	—)	—)	—)	(1)	—)	1)	—)	1)	—)	2)	1)	—)	—)	—)	(1)	(1)	—)	—)	1)	—)	3)	1)
Other, net	5)	(565)	23)	7)	26)	12)	26)	19)	(2)	34)	23)	10)	14)	45)	22)	(42)	16)	17)	(343)	(11)	(21)	10)
Other expense	(64)	(609)	(29)	(47)	(31)	(41)	(28)	(40)	(58)	(20)	(30)	(46)	(30)	(9)	(31)	(101)	(42)	(35)	(397)	(65)	(74)	(44)
Net earnings (loss) before income taxes	580)	(90)	709)	592)	487)	358)	663)	333)	300)	219)	518)	405)	340)	289)	523)	251)	176)	224)	193)	348)	275)	185)
Income tax (expense) benefit	(135)	52)	(112)	(127)	(114)	(79)	(73)	(53)	(71)	49)	(115)	(97)	(46)	(44)	(110)	(45)	(40)	(26)	50)	(80)	(67)	(33)
Net earnings (loss)	445)	(38)	597)	465)	373)	279)	590)	280)	229)	268)	403)	308)	294)	245)	413)	206)	136)	198)	243)	268)	208)	152)
Earnings attributable to non-controlling interests	(2)	(1)	(1)	(1)	(2)	(1)	(1)	(1)	(1)	(1)	(2)	(1)	(1)	(1)	(1)	(1)	(1)	(1)	—)	(1)	(1)	(1)
Net earnings (loss) attributable to Motorola Solutions, Inc.	443)	(39)	596)	464)	371)	278)	589)	279)	228)	267)	401)	307)	293)	244)	412)	205)	135)	197)	243)	267)	207)	151)

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Income statement item	Description	The company
Net sales	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Motorola Solutions Inc. net sales decreased from Q4 2023 to Q1 2024 but then increased from Q1 2024 to Q2 2024 not reaching Q4 2023 level.
Operating earnings	The net result for the period of deducting operating expenses from operating revenues.	Motorola Solutions Inc. operating earnings decreased from Q4 2023 to Q1 2024 but then increased from Q1 2024 to Q2 2024 not reaching Q4 2023 level.
Net earnings (loss) 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 (loss) before income taxes decreased from Q4 2023 to Q1 2024 but then increased from Q1 2024 to Q2 2024 not reaching Q4 2023 level.
Net earnings (loss) 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 (loss) attributable to Motorola Solutions, Inc. decreased from Q4 2023 to Q1 2024 but then increased from Q1 2024 to Q2 2024 not reaching Q4 2023 level.

Motorola Solutions Inc. (NYSE:MSI)

Income StatementQuarterly Data

Income Statement
Quarterly Data