# MOTOROLA SOLUTIONS, INC. (MSI) FY2024 Annual P&L / Income Statement - Company: MOTOROLA SOLUTIONS, INC. (MSI) - Period: 2024-01-01 to 2024-12-31 - Filing: FY2024 10-K, filed 2025-02-14, accession number 0000068505-25-000012 - Page: https://plicit.ai/financials/msi/fy2024-annual-income-statement - Chart image: https://plicit.ai/charts/msi-fy2024-annual-income-statement-sankey.png ## Chart details: Revenue by Product and Service (3 categories) Income statement for 2024-01-01 through 2024-12-31. View: Product and service (3 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales**: 10,817,000,000 US dollars - **Costs of sales**: 5,305,000,000 US dollars - **Gross margin**: 5,512,000,000 US dollars - **Operating costs, including other operating expenses (calculated)**: 2,824,000,000 US dollars - **Operating earnings**: 2,688,000,000 US dollars - **Total other expense**: negative 716,000,000 US dollars - **Net earnings before income taxes**: 1,972,000,000 US dollars - **Income tax expense**: 390,000,000 US dollars - **Net earnings**: 1,582,000,000 US dollars - **LMR Communications**: 8,100,000,000 US dollars - **Video**: 1,920,000,000 US dollars - **Command Center**: 797,000,000 US dollars - **Selling, general and administrative expenses**: 1,752,000,000 US dollars - **Research and development expenditures**: 917,000,000 US dollars - **Other charges**: 155,000,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. - Of which attributable to MOTOROLA SOLUTIONS, INC.: $1.58 B; to noncontrolling interests: $5.00 M. ## Chart details: Revenue by Geography (4 categories) - Page: https://plicit.ai/financials/msi/fy2024-annual-income-statement/revenue-by-geography-4-categories - Chart image: https://plicit.ai/charts/msi-fy2024-annual-revenue-by-geography-4-categories-sankey.png Income statement for 2024-01-01 through 2024-12-31. View: Geography (4 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales**: 10,817,000,000 US dollars - **Costs of sales**: 5,305,000,000 US dollars - **Gross margin**: 5,512,000,000 US dollars - **Operating costs, including other operating expenses (calculated)**: 2,824,000,000 US dollars - **Operating earnings**: 2,688,000,000 US dollars - **Total other expense**: negative 716,000,000 US dollars - **Net earnings before income taxes**: 1,972,000,000 US dollars - **Income tax expense**: 390,000,000 US dollars - **Net earnings**: 1,582,000,000 US dollars - **UNITED STATES**: 7,432,000,000 US dollars - **UNITED KINGDOM**: 572,000,000 US dollars - **CANADA**: 388,000,000 US dollars - **Other**: 2,425,000,000 US dollars - **Selling, general and administrative expenses**: 1,752,000,000 US dollars - **Research and development expenditures**: 917,000,000 US dollars - **Other charges**: 155,000,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. - Of which attributable to MOTOROLA SOLUTIONS, INC.: $1.58 B; to noncontrolling interests: $5.00 M. ## Chart details: Revenue by Business Segment - Page: https://plicit.ai/financials/msi/fy2024-annual-income-statement/revenue-by-business-segment - Chart image: https://plicit.ai/charts/msi-fy2024-annual-revenue-by-business-segment-sankey.png Income statement for 2024-01-01 through 2024-12-31. View: Business segment. Revenue and costs use their disclosed categories. - **Net sales**: 10,817,000,000 US dollars - **Costs of sales**: 5,305,000,000 US dollars - **Gross margin**: 5,512,000,000 US dollars - **Operating costs, including other operating expenses (calculated)**: 2,824,000,000 US dollars - **Operating earnings**: 2,688,000,000 US dollars - **Total other expense**: negative 716,000,000 US dollars - **Net earnings before income taxes**: 1,972,000,000 US dollars - **Income tax expense**: 390,000,000 US dollars - **Net earnings**: 1,582,000,000 US dollars - **Products and Systems Integration revenue**: 6,883,000,000 US dollars - **Software and Services revenue**: 3,934,000,000 US dollars - **Products and Systems Integration cost of revenue**: 3,215,000,000 US dollars - **Software and Services cost of revenue**: 2,090,000,000 US dollars - **Selling, general and administrative expenses**: 1,752,000,000 US dollars - **Research and development expenditures**: 917,000,000 US dollars - **Other charges**: 155,000,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. - Of which attributable to MOTOROLA SOLUTIONS, INC.: $1.58 B; to noncontrolling interests: $5.00 M. ## Chart details: Revenue by Business Segment by Geography - Page: https://plicit.ai/financials/msi/fy2024-annual-income-statement/revenue-by-business-segment-by-geography - Chart image: https://plicit.ai/charts/msi-fy2024-annual-revenue-by-business-segment-by-geography-sankey.png Income statement for 2024-01-01 through 2024-12-31. View: Segments by Geographical. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales**: 10,817,000,000 US dollars - **Costs of sales**: 5,305,000,000 US dollars - **Gross margin**: 5,512,000,000 US dollars - **Operating costs, including other operating expenses (calculated)**: 2,824,000,000 US dollars - **Operating earnings**: 2,688,000,000 US dollars - **Total other expense**: negative 716,000,000 US dollars - **Net earnings before income taxes**: 1,972,000,000 US dollars - **Income tax expense**: 390,000,000 US dollars - **Net earnings**: 1,582,000,000 US dollars - **Products and Systems Integration - International**: 1,786,000,000 US dollars - **Products and Systems Integration - North America**: 5,097,000,000 US dollars - **Software and Services - International**: 1,211,000,000 US dollars - **Software and Services - North America**: 2,723,000,000 US dollars - **Selling, general and administrative expenses**: 1,752,000,000 US dollars - **Research and development expenditures**: 917,000,000 US dollars - **Other charges**: 155,000,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. - Of which attributable to MOTOROLA SOLUTIONS, INC.: $1.58 B; to noncontrolling interests: $5.00 M. ## Chart details: Revenue by Sales Channel - Page: https://plicit.ai/financials/msi/fy2024-annual-income-statement/revenue-by-sales-channel - Chart image: https://plicit.ai/charts/msi-fy2024-annual-revenue-by-sales-channel-sankey.png Income statement for 2024-01-01 through 2024-12-31. View: Contract with Customer, Sales Channel. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales**: 10,817,000,000 US dollars - **Costs of sales**: 5,305,000,000 US dollars - **Gross margin**: 5,512,000,000 US dollars - **Operating costs, including other operating expenses (calculated)**: 2,824,000,000 US dollars - **Operating earnings**: 2,688,000,000 US dollars - **Total other expense**: negative 716,000,000 US dollars - **Net earnings before income taxes**: 1,972,000,000 US dollars - **Income tax expense**: 390,000,000 US dollars - **Net earnings**: 1,582,000,000 US dollars - **Direct**: 7,824,000,000 US dollars - **Indirect**: 2,993,000,000 US dollars - **Selling, general and administrative expenses**: 1,752,000,000 US dollars - **Research and development expenditures**: 917,000,000 US dollars - **Other charges**: 155,000,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. - Of which attributable to MOTOROLA SOLUTIONS, INC.: $1.58 B; to noncontrolling interests: $5.00 M. ## Chart details: Revenue by Product and Service (2 categories) - Page: https://plicit.ai/financials/msi/fy2024-annual-income-statement/revenue-by-product-and-service-2-categories - Chart image: https://plicit.ai/charts/msi-fy2024-annual-revenue-by-product-and-service-2-categories-sankey.png Income statement for 2024-01-01 through 2024-12-31. View: Product and service (2 categories). Revenue and costs use their disclosed categories. - **Net sales**: 10,817,000,000 US dollars - **Costs of sales**: 5,305,000,000 US dollars - **Gross margin**: 5,512,000,000 US dollars - **Operating costs, including other operating expenses (calculated)**: 2,824,000,000 US dollars - **Operating earnings**: 2,688,000,000 US dollars - **Total other expense**: negative 716,000,000 US dollars - **Net earnings before income taxes**: 1,972,000,000 US dollars - **Income tax expense**: 390,000,000 US dollars - **Net earnings**: 1,582,000,000 US dollars - **Product revenue**: 6,454,000,000 US dollars - **Service revenue**: 4,363,000,000 US dollars - **Product cost of revenue**: 2,674,000,000 US dollars - **Service cost of revenue**: 2,631,000,000 US dollars - **Selling, general and administrative expenses**: 1,752,000,000 US dollars - **Research and development expenditures**: 917,000,000 US dollars - **Other charges**: 155,000,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. - Of which attributable to MOTOROLA SOLUTIONS, INC.: $1.58 B; to noncontrolling interests: $5.00 M. ## Chart details: Revenue by Geography (2 categories) - Page: https://plicit.ai/financials/msi/fy2024-annual-income-statement/revenue-by-geography-2-categories - Chart image: https://plicit.ai/charts/msi-fy2024-annual-revenue-by-geography-2-categories-sankey.png Income statement for 2024-01-01 through 2024-12-31. View: Geography (2 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales**: 10,817,000,000 US dollars - **Costs of sales**: 5,305,000,000 US dollars - **Gross margin**: 5,512,000,000 US dollars - **Operating costs, including other operating expenses (calculated)**: 2,824,000,000 US dollars - **Operating earnings**: 2,688,000,000 US dollars - **Total other expense**: negative 716,000,000 US dollars - **Net earnings before income taxes**: 1,972,000,000 US dollars - **Income tax expense**: 390,000,000 US dollars - **Net earnings**: 1,582,000,000 US dollars - **North America**: 7,820,000,000 US dollars - **International**: 2,997,000,000 US dollars - **Selling, general and administrative expenses**: 1,752,000,000 US dollars - **Research and development expenditures**: 917,000,000 US dollars - **Other charges**: 155,000,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. - Of which attributable to MOTOROLA SOLUTIONS, INC.: $1.58 B; to noncontrolling interests: $5.00 M. ## Chart details: Revenue by Business Segment by Product and Service - Page: https://plicit.ai/financials/msi/fy2024-annual-income-statement/revenue-by-business-segment-by-product-and-service - Chart image: https://plicit.ai/charts/msi-fy2024-annual-revenue-by-business-segment-by-product-and-service-sankey.png Income statement for 2024-01-01 through 2024-12-31. View: Segments by Product and Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales**: 10,817,000,000 US dollars - **Costs of sales**: 5,305,000,000 US dollars - **Gross margin**: 5,512,000,000 US dollars - **Operating costs, including other operating expenses (calculated)**: 2,824,000,000 US dollars - **Operating earnings**: 2,688,000,000 US dollars - **Total other expense**: negative 716,000,000 US dollars - **Net earnings before income taxes**: 1,972,000,000 US dollars - **Income tax expense**: 390,000,000 US dollars - **Net earnings**: 1,582,000,000 US dollars - **Products and Systems Integration - Command Center**: 0 US dollars - **Products and Systems Integration - LMR Communications**: 5,739,000,000 US dollars - **Products and Systems Integration - Video**: 1,144,000,000 US dollars - **Software and Services - Command Center**: 797,000,000 US dollars - **Software and Services - LMR Communications**: 2,361,000,000 US dollars - **Software and Services - Video**: 776,000,000 US dollars - **Selling, general and administrative expenses**: 1,752,000,000 US dollars - **Research and development expenditures**: 917,000,000 US dollars - **Other charges**: 155,000,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. - Of which attributable to MOTOROLA SOLUTIONS, INC.: $1.58 B; to noncontrolling interests: $5.00 M. ## Chart details: Revenue by Business Segment by Sales Channel - Page: https://plicit.ai/financials/msi/fy2024-annual-income-statement/revenue-by-business-segment-by-sales-channel - Chart image: https://plicit.ai/charts/msi-fy2024-annual-revenue-by-business-segment-by-sales-channel-sankey.png Income statement for 2024-01-01 through 2024-12-31. View: Segments by Contract with Customer, Sales Channel. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales**: 10,817,000,000 US dollars - **Costs of sales**: 5,305,000,000 US dollars - **Gross margin**: 5,512,000,000 US dollars - **Operating costs, including other operating expenses (calculated)**: 2,824,000,000 US dollars - **Operating earnings**: 2,688,000,000 US dollars - **Total other expense**: negative 716,000,000 US dollars - **Net earnings before income taxes**: 1,972,000,000 US dollars - **Income tax expense**: 390,000,000 US dollars - **Net earnings**: 1,582,000,000 US dollars - **Products and Systems Integration - Direct**: 4,238,000,000 US dollars - **Products and Systems Integration - Indirect**: 2,645,000,000 US dollars - **Software and Services - Direct**: 3,586,000,000 US dollars - **Software and Services - Indirect**: 348,000,000 US dollars - **Selling, general and administrative expenses**: 1,752,000,000 US dollars - **Research and development expenditures**: 917,000,000 US dollars - **Other charges**: 155,000,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. - Of which attributable to MOTOROLA SOLUTIONS, INC.: $1.58 B; to noncontrolling interests: $5.00 M.