Motorola Solutions (MSI) 10-K Summary — Year Ended Dec 31, 2023
Motorola Solutions filed its annual report for the most recent fiscal year. The report details the company's business, financial performance, risk factors, and liquidity position.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
Motorola Solutions filed its annual report for the most recent fiscal year. The report details the company's business, financial performance, risk factors, and liquidity position.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$10B
Revenue reported for the fiscal year.
Operating income
$2.3B
Income from operations reported for the year.
Net income
$1.7B
Net income reported for the year.
Operating cash flow
$2B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $8.2B | n/a |
| Dec 31, 2022 | $9.1B | +11.5% |
| Dec 31, 2023 | $10B | +9.5% |
Business overview
The company's business is described in the Business overview section, covering organization, customers, contracts, competition, research and development, intellectual property, inventory, government regulations, and human capital management. The filing also discusses backlog and material dispositions.
Financial performance
Revenue increased compared to the prior year. Operating income and net income were reported, and operating cash flow was positive. The company's financial results reflect improved earnings and working capital management.
Material risks
The filing identifies risk factors in Item 1A. These risks pertain to the company's operations, market conditions, and other uncertainties. No specific risk details are provided in the supplied context.
Liquidity and capital
The company generated positive operating cash flow and used funds for investing and financing activities. It maintains a significant cash balance, with a portion held internationally and subject to repatriation considerations.
What to watch
Readers should monitor the company's cash repatriation activities and any related tax impacts in the next filing.