Motorola Solutions cash flow statement
In fiscal 2025, Motorola Solutions's operations generated $2.84bn of cash; it spent $265m on capital projects, leaving free cash flow of $2.57bn. It returned $728m in dividends and $1.15bn through buybacks.
Cash flow statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJul 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 627 | 803 | 848 | 674 | 555 | −637 | 1,021 | 1,165 | 1,346 | 1,075 | 1,823 | 1,613 | 1,837 | 1,823 | 2,044 | 2,391 | 2,837 | 2,974 |
| Depreciation and amortisation | 388 | 353 | 366 | 151 | 158 | 173 | 150 | 295 | 343 | 360 | 394 | 409 | 438 | 440 | 356 | 336 | 425 | 388 |
| Stock-based pay | 137 | 144 | 168 | 146 | 120 | 94 | 78 | 68 | 66 | 73 | 118 | 129 | 129 | 172 | 212 | 243 | 293 | 357 |
| Capital spending | 136 | 192 | 186 | 170 | 169 | 181 | 175 | 271 | 227 | 197 | 248 | 217 | 243 | 256 | 253 | 257 | 265 | 297 |
| Free cash flow | 491 | 611 | 662 | 504 | 386 | −818 | 846 | 894 | 1,119 | 878 | 1,575 | 1,396 | 1,594 | 1,567 | 1,791 | 2,134 | 2,572 | 2,677 |
| Free cash flow after stock pay | 354 | 467 | 494 | 358 | 266 | −912 | 768 | 826 | 1,053 | 805 | 1,457 | 1,267 | 1,465 | 1,395 | 1,579 | 1,891 | 2,279 | 2,320 |
| Dividends paid | 114 | 0 | 8 | 270 | 292 | 318 | 277 | 280 | 307 | 337 | 379 | 436 | 482 | 530 | 589 | 654 | 728 | 766 |
| Share buybacks | 0 | 0 | 1,110 | 2,438 | 1,694 | 2,546 | 3,177 | 842 | 483 | 132 | 315 | 612 | 528 | 836 | 804 | 244 | 1,154 | 1,060 |
| Shares issued | 116 | 179 | 192 | 133 | 165 | 87 | 84 | 93 | 82 | 168 | 114 | 108 | 102 | 156 | 104 | 75 | 46 | — |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Apr 2026 | 2026 Q2Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 759 | 1,070 | 510 | 273 | 798 | 1,256 | 451 | 469 |
| Depreciation and amortisation | 46 | 86 | 81 | 47 | 49 | 143 | 143 | 53 |
| Stock-based pay | 61 | 63 | 66 | 74 | 73 | 80 | 100 | 104 |
| Capital spending | 57 | 86 | 37 | 48 | 66 | 114 | 62 | 55 |
| Free cash flow | 702 | 984 | 473 | 225 | 732 | 1,142 | 389 | 414 |
| Free cash flow after stock pay | 641 | 921 | 407 | 151 | 659 | 1,062 | 289 | 310 |
| Shares issued | 18 | 56 | −90 | 53 | — | — | −6 | −3 |
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