Motorola Solutions Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $2.15B | $1.58B | $1.71B | $1.36B | $1.25B | $949.0M | $868.0M | $966.0M |
| Depreciation & Amortization | $425.0M | $336.0M | $356.0M | $440.0M | $438.0M | $409.0M | $394.0M | $360.0M |
| Depreciation | $191.0M | $184.0M | $179.0M | $183.0M | $202.0M | $194.0M | $186.0M | $172.0M |
| Amortization | $234.0M | $152.0M | $177.0M | $257.0M | $236.0M | $215.0M | $208.0M | $188.0M |
| Stock-Based Compensation | $293.0M | $243.0M | $212.0M | $172.0M | $129.0M | $129.0M | $118.0M | $73.0M |
| Net Cash from Operating Activities | $2.84B | $2.39B | $2.04B | $1.82B | $1.84B | $1.61B | $1.82B | $1.08B |
| Investing Activities | ||||||||
| Capital Expenditures | $265.0M | $257.0M | $253.0M | $256.0M | $243.0M | $217.0M | $248.0M | $197.0M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-5.16B | $-507.0M | $-414.0M | $-1.39B | $-742.0M | $-437.0M | $-934.0M | $-1.27B |
| Financing Activities | ||||||||
| Dividends Paid | $728.0M | $654.0M | $589.0M | $530.0M | $482.0M | $436.0M | $379.0M | $337.0M |
| Stock Repurchases | $1.15B | $244.0M | $804.0M | $836.0M | $528.0M | $612.0M | $315.0M | $132.0M |
| Net Cash from Financing Activities | $1.31B | $-1.45B | $-1.30B | $-906.0M | $-429.0M | $-966.0M | $-1.14B | $220.0M |
| Net Change in Cash | $-937.0M | $397.0M | $380.0M | $-549.0M | $620.0M | $253.0M | $-256.0M | $-11.0M |
| Free Cash Flow | $2.57B | $2.13B | $1.79B | $1.57B | $1.59B | $1.40B | $1.58B | $878.0M |