Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Motorola Solutions Inc., consolidated cash flow statement

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net earnings	1,714)	1,367)	1,250)	953)	871)
Depreciation and amortization	356)	440)	438)	409)	394)
Non-cash other (income) charges	14)	23)	3)	(13)	35)
Exit of video manufacturing operations	24)	—)	—)	—)	—)
Loss on ESN fixed asset impairment	—)	147)	—)	—)	—)
U.S. pension settlement loss	—)	—)	—)	—)	359)
Gain from the extinguishment of 2.00% senior convertible notes	—)	—)	—)	—)	(4)
Share-based compensation expenses	212)	172)	129)	129)	118)
(Gains) losses on sales of investments and businesses, net	—)	(3)	(1)	2)	(5)
Losses from the extinguishment of long-term debt	—)	6)	18)	56)	50)
Accounts receivable	(180)	(112)	3)	90)	(79)
Inventories	200)	(242)	(284)	(14)	(74)
Other current assets and contract assets	(82)	(1)	(205)	167)	49)
Accounts payable, accrued liabilities, and contract liabilities	(144)	451)	578)	(116)	198)
Other assets and liabilities	(38)	(91)	(126)	(25)	(5)
Deferred income taxes	(32)	(334)	34)	(25)	(84)
Changes in assets and liabilities, net of effects of acquisitions, dispositions, and foreign currency translation adjustments	(276)	(329)	—)	77)	5)
Adjustments to reconcile Net earnings to Net cash provided by operating activities	330)	456)	587)	660)	952)
Net cash provided by operating activities	2,044)	1,823)	1,837)	1,613)	1,823)
Acquisitions and investments, net	(180)	(1,177)	(521)	(287)	(709)
Proceeds from sales of investments	19)	46)	16)	11)	16)
Capital expenditures	(253)	(256)	(243)	(217)	(248)
Proceeds from sales of property, plant and equipment	—)	—)	6)	56)	7)
Net cash used for investing activities	(414)	(1,387)	(742)	(437)	(934)
Net proceeds from issuance of debt	—)	595)	844)	892)	1,804)
Repayment of debt	(1)	(285)	(353)	(914)	(2,039)
Repayment of unsecured revolving credit facility draw	—)	—)	—)	(800)	—)
Proceeds from unsecured revolving credit facility draw	—)	—)	—)	800)	—)
Revolving credit facility renewal fees	—)	—)	(7)	—)	—)
Issuances of common stock	104)	156)	102)	108)	114)
Purchases of common stock	(804)	(836)	(528)	(612)	(315)
Settlement of conversion premium on 2.00% senior convertible notes	—)	—)	—)	—)	(326)
Payment of dividends	(589)	(530)	(482)	(436)	(379)
Payment of dividends to noncontrolling interest	(5)	(6)	(5)	(4)	(3)
Net cash used for financing activities	(1,295)	(906)	(429)	(966)	(1,144)
Effect of exchange rate changes on cash and cash equivalents	45)	(79)	(46)	43)	(1)
Net increase (decrease) in cash and cash equivalents	380)	(549)	620)	253)	(256)
Cash and cash equivalents, beginning of period	1,325)	1,874)	1,254)	1,001)	1,257)
Cash and cash equivalents, end of period	1,705)	1,325)	1,874)	1,254)	1,001)

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).

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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Motorola Solutions Inc. net cash provided by operating activities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Net cash used for investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Motorola Solutions Inc. net cash used for investing activities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Net cash used for financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Motorola Solutions Inc. net cash used for financing activities decreased from 2021 to 2022 and from 2022 to 2023.

Motorola Solutions Inc. (NYSE:MSI)

Cash Flow Statement