MOTOROLA SOLUTIONS, INC. (MSI) FY2025 Annual Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2025-01-01 to 2025-12-31

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MOTOROLA SOLUTIONS, INC. cash flow reconciliation, Jan 1, 2025 through Dec 31, 2025One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net earnings → Net cash from operating activities: $2,160,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $425,000,000.00Share-based compensation expenses → Operating adjustments reconciliation: $293,000,000.00Accounts payable, accrued liabilities, and contract liabilities → Operating adjustments reconciliation: $280,000,000.00Other assets and liabilities → Operating adjustments reconciliation: $121,000,000.00Deferred income taxes → Operating adjustments reconciliation: $94,000,000.00Non-cash other charges → Operating adjustments reconciliation: $3,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $677,000,000.00Operating adjustments reconciliation → Other current assets and contract assets: $221,000,000.00Operating adjustments reconciliation → Accounts receivable: $173,000,000.00Operating adjustments reconciliation → Inventories: $145,000,000.00Net proceeds from issuance of debt → financing reconciliation: $2,733,000,000.00Net proceeds from short-term borrowings → financing reconciliation: $923,000,000.00Issuances of common stock, net of tax → financing reconciliation: $46,000,000.00financing reconciliation → Net cash from financing activities: $1,309,000,000.00financing reconciliation → Purchases of common stock: $1,154,000,000.00financing reconciliation → Payment of dividends: $728,000,000.00financing reconciliation → Repayment of debt: $322,000,000.00financing reconciliation → Repayment of short-term borrowings: $179,000,000.00financing reconciliation → Payment of dividends to noncontrolling interest: $5,000,000.00financing reconciliation → Revolving credit facility renewal fees: $5,000,000.00Net cash used in investing activities → investing reconciliation: $5,164,000,000.00Proceeds from sales of investments → investing reconciliation: $17,000,000.00investing reconciliation → Acquisitions and investments, net: $4,916,000,000.00investing reconciliation → Capital expenditures: $265,000,000.00Exchange-rate effect → Cash sources and uses: $81,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $2,102,000,000.00Net cash from operating activities → Cash sources and uses: $2,837,000,000.00Net cash from financing activities → Cash sources and uses: $1,309,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $1,165,000,000.00Cash sources and uses → Net cash used in investing activities: $5,164,000,000.00Net earnings: $2,160,000,000.00Net earnings+$2.16 BDepreciation and amortization: $425,000,000.00Depreciation & amortization+$425.00 MNon-cash other charges: $3,000,000.00Non-cash other charges+$3.00 MLoss from the extinguishment of Silver Lake Convertible Debt: $0.00Share-based compensation expenses: $293,000,000.00Stock-based compensation+$293.00 MAccounts receivable: -$173,000,000.00Accounts receivable−$173.00 MInventories: -$145,000,000.00Inventories−$145.00 MAccounts payable, accrued liabilities, and contract liabilities: $280,000,000.00Payables, accruals & contracts+$280.00 MOther assets and liabilities: $121,000,000.00Other working capital, net+$121.00 MDeferred income taxes: $94,000,000.00Deferred income taxes+$94.00 MOther current assets and contract assets: -$221,000,000.00Other operating assets−$221.00 MExit of video manufacturing operations: $0.00Net cash from operating activities: $2,837,000,000.00Operating cash+$2.84 BOperating adjustments reconciliation: $1,216,000,000.00Net proceeds from issuance of debt: $2,733,000,000.00Debt issued+$2.73 BRepayment of debt: -$322,000,000.00Long-term debt repaid−$322.00 MIssuances of common stock, net of tax: $46,000,000.00Common stock issued+$46.00 MPurchases of common stock: -$1,154,000,000.00Purchases of common stock−$1.15 BPayment of dividends: -$728,000,000.00Common dividends paid−$728.00 MPayment of dividends to noncontrolling interest: -$5,000,000.00Noncontrolling dividends−$5.00 MNet proceeds from short-term borrowings: $923,000,000.00Short-term debt issued+$923.00 MRepayment of short-term borrowings: -$179,000,000.00Short-term debt repaid−$179.00 MRevolving credit facility renewal fees: -$5,000,000.00Financing costs paid−$5.00 MNet cash from financing activities: $1,309,000,000.00Financing cash+$1.31 Bfinancing reconciliation: $3,702,000,000.00Acquisitions and investments, net: -$4,916,000,000.00Acquisitions & investments, net−$4.92 BProceeds from sales of investments: $17,000,000.00Investment & business sales, net+$17.00 MCapital expenditures: -$265,000,000.00Capital expenditures−$265.00 MNet cash used in investing activities: -$5,164,000,000.00. Cash required to fund net payments.Investing cash−$5.16 Binvesting reconciliation: $5,181,000,000.00Cash sources and uses: $6,329,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $2,102,000,000.00Beginning cash$2.10 BEnding cash: Cash, cash equivalents, and restricted cash: $1,165,000,000.00Ending cash$1.17 BExchange-rate effect: $81,000,000.00FX effect+$81.00 MCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsFree cash flow$2.57 BOperating cash − cash spent on productive assetsCash flow / Net income1.31×Operating cash flow ÷ net incomeNet cash change−$937.00 MEnding cash − beginning cash
Chart details

MOTOROLA SOLUTIONS, INC. cash flow reconciliation, Jan 1, 2025 through Dec 31, 2025

Cash flows for Jan 1, 2025 through Dec 31, 2025. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2024. Ending cash: Dec 31, 2025. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2024
2,102,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
2,837,000,000 US dollars. Net cash provided.
Net earnings
2,160,000,000 US dollars
Depreciation and amortization
425,000,000 US dollars
Non-cash other charges
3,000,000 US dollars
Loss from the extinguishment of Silver Lake Convertible Debt
0 US dollars
Share-based compensation expenses
293,000,000 US dollars
Accounts receivable
negative 173,000,000 US dollars
Inventories
negative 145,000,000 US dollars
Accounts payable, accrued liabilities, and contract liabilities
280,000,000 US dollars
Other assets and liabilities
121,000,000 US dollars
Deferred income taxes
94,000,000 US dollars
Other current assets and contract assets
negative 221,000,000 US dollars
Exit of video manufacturing operations
0 US dollars
Investing activities
negative 5,164,000,000 US dollars. Net cash used.
Acquisitions and investments, net
negative 4,916,000,000 US dollars
Proceeds from sales of investments
17,000,000 US dollars
Capital expenditures
negative 265,000,000 US dollars
Financing activities
1,309,000,000 US dollars. Net cash provided.
Net proceeds from issuance of debt
2,733,000,000 US dollars
Repayment of debt
negative 322,000,000 US dollars
Issuances of common stock, net of tax
46,000,000 US dollars
Purchases of common stock
negative 1,154,000,000 US dollars
Payment of dividends
negative 728,000,000 US dollars
Payment of dividends to noncontrolling interest
negative 5,000,000 US dollars
Net proceeds from short-term borrowings
923,000,000 US dollars
Repayment of short-term borrowings
negative 179,000,000 US dollars
Revolving credit facility renewal fees
negative 5,000,000 US dollars
Operating adjustment reconciliation
1,216,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
3,702,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
5,181,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
81,000,000 US dollars
Ending cash on Dec 31, 2025
1,165,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
6,329,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 937,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.31×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
2,837,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
cash spent on productive assets
265,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
2,572,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $677.00M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash spent on productive assets equals free cash flow: 2,837,000,000 US dollars minus 265,000,000 US dollars equals 2,572,000,000 US dollars.
MOTOROLA SOLUTIONS, INC. (MSI) FY2025 Annual Statement of Cash Flows Sankey chart
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