MOTOROLA SOLUTIONS, INC. MSI Cash Flow

Motorola solutions, inc. (MSI)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
Operating
Net earnings attributable to Motorola Solutions, Inc.
914	868	1,047	1,027	1,000	966	-31	-66	-115	-155	663	644	620	560	596	517	553	610	532	565	1,246	1,299	0	0	0	-	-	-	-	881	729	651	818	1,158	1,266	1,248	1,061	633	483	385	249	-51	0	0	0
Earnings attributable to non-controlling interests
3	3	4	4	4	3	4	3	3	4	3	3	3	2	2	3	2	3	2	2	2	1	0	0	0	-	-	-	-	-	-	-	-	-6	6	6	12	17	4	14	19	23	0	0	0
Net earnings
917	871	1,051	1,031	1,004	969	-27	-63	-112	-151	666	647	623	562	598	520	555	613	534	567	1,248	1,300	1,442	1,602	1,040	1,105	0	0	0	-	-	-	-	1,152	1,272	1,254	1,073	650	487	399	268	-28	0	0	0
Loss from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-30	1,095	1,187	1,941	1,996	0	0	0	-	-	-	-	211	175	150	444	576	530	687	547	389	-435	-402	-561	-473	0	0	0
Earnings (loss) from continuing operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	643	-561	-620	-693	-696	0	0	0	-	-	-	-	670	554	503	374	576	742	567	526	261	922	801	829	445	0	0	0
Adjustments to reconcile Net earnings to Net cash provided by operating activities:
Depreciation and amortization
398	394	383	373	373	360	356	355	345	343	329	317	313	295	257	213	171	150	155	168	174	173	173	168	146	158	116	121	150	151	11	58	95	133	369	362	357	353	158	178	285	388	0	0	0
Non-cash other charges (income)
-26	35	27	54	63	56	59	17	20	32	40	40	58	54	52	82	62	52	45	10	4	0	-5	-12	-16	-14	-23	-6	-2	0	7	-12	43	34	25	8	-50	-74	-130	-104	-108	-72	0	0	0
Gain (Loss) on Extinguishment of Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	67	0	0	0
Non-U.S. pension settlement loss
-	-	-	-	-	-	-	-	-	-	0	0	-9	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of building and land
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21	21	21	21	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based compensation expenses
129	118	107	96	83	73	70	67	66	66	65	66	68	68	72	73	74	78	78	80	87	94	103	112	103	120	98	113	148	146	150	151	138	134	159	153	150	144	46	56	94	137	0	0	0
Gain on sales of investments and businesses, net
4	5	4	10	6	16	16	11	11	3	10	16	18	-6	34	37	40	107	61	51	44	5	7	34	37	37	21	13	16	26	41	24	22	23	26	28	60	49	131	138	135	108	0	0	0
Changes in assets and liabilities, net of effects of acquisitions, dispositions, and foreign currency translation adjustments:
Accounts receivable
-28	79	94	34	-35	-62	-45	105	233	60	170	82	-85	6	-99	-93	11	-21	97	-3	-87	62	-147	-76	76	36	89	103	-140	-81	126	59	267	233	-79	-37	103	83	102	-273	-501	-102	0	0	0
Inventories
9	74	78	27	-17	-71	-98	-103	-14	46	77	104	59	-6	-37	-39	-56	-16	38	47	37	5	-13	5	15	8	-40	-20	16	2	18	1	-14	5	59	87	106	111	1,034	915	486	-111	0	0	0
Other current assets and contract assets
39	-49	10	166	117	251	94	35	38	99	225	141	201	185	48	1	-23	-92	0	95	37	47	-30	-149	-141	-50	-46	58	87	112	113	58	59	-28	1	49	-9	48	333	221	11	-276	0	0	0
Accounts payable, accrued liabilities, and contract liabilities
158	198	298	266	360	271	168	160	117	160	287	263	297	241	-46	-88	-90	26	-54	-21	-144	-72	99	-52	10	-232	-324	-202	-274	-106	-199	-191	-174	-146	-79	139	309	333	2,066	1,438	537	-621	0	0	0
Other assets and liabilities
3	5	-83	-37	-24	523	651	623	587	44	50	72	110	117	95	60	79	78	864	1,268	1,254	1,359	541	179	168	51	74	166	254	248	304	81	128	179	170	334	319	319	158	64	68	11	0	0	0
Deferred income taxes
-74	-84	31	-5	-4	9	1,020	1,068	1,084	1,100	169	205	201	213	176	176	172	160	-499	-508	-556	-557	-574	-521	-323	-334	626	400	152	114	-139	-69	-107	34	-16	-119	-252	-384	-331	-267	132	-47	0	0	0
Net cash provided by operating activities
1,880	1,823	1,840	1,652	1,826	1,075	1,024	956	704	1,346	1,098	1,176	1,294	1,165	1,066	1,019	878	1,021	-45	-461	-493	-637	595	785	598	555	145	252	574	674	66	361	202	366	1,136	968	977	803	1,875	1,653	1,700	627	0	0	0
Investing
Acquisitions and investments, net
377	709	629	382	407	1,164	1,179	1,417	1,423	404	642	494	527	1,474	1,651	1,613	1,565	586	176	129	117	47	58	60	57	57	-2	-7	13	-83	-83	-66	-88	4	42	19	20	23	-6	2	5	17	0	0	0
Proceeds from sales of investments and businesses, net
16	16	15	26	20	95	99	190	207	183	207	189	242	670	717	672	623	230	3,530	3,493	3,480	3,403	36	61	53	61	28	30	15	-58	22	-21	1,018	1,124	1,090	1,103	298	264	289	370	238	357	0	0	0
Capital expenditures
230	248	258	244	222	197	149	188	200	227	266	249	288	271	255	237	193	175	182	180	173	181	189	172	164	169	140	148	167	170	202	206	187	165	184	178	182	192	103	73	102	136	0	0	0
Proceeds from sales of property, plant and equipment
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	3	5	10	10	33	81	75	90	66	0	0	0	-	-	-	-	6	6	4	1	27	20	22	25	1	0	0	0
Proceeds from sales of Sigma Fund investments and short-term investments, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,133	-591	-174	201	-1,075	-2,739	-2,525	-1,436	-1,514	-648	-967	-1,810	-453	990	1,840	2,357	922	0	0	0
Proceeds from sales of short-term investments, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	8	17	24	-186	0	0	0
Net cash used for investing activities
-528	-934	-872	-600	-609	-1,266	-1,229	-1,415	-1,416	-448	-696	-527	-500	-1,002	-1,120	-1,130	-1,133	-528	3,177	3,194	3,200	3,208	1,037	1,661	2,168	2,034	527	109	-326	970	2,645	2,369	2,360	2,475	1,524	1,900	1,905	523	-786	-1,540	-2,225	-531	0	0	0
Financing
Repayment of short-term borrowings, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5	20	37	59	86	0	0	0
Repayments of debt
2,035	2,039	1,746	1,192	681	723	418	212	70	21	698	690	686	686	4	4	4	4	7	465	465	465	462	4	4	4	4	4	413	413	1,014	1,014	1,220	1,219	1,144	1,146	1,010	1,011	486	484	4	132	0	0	0
Net proceeds from revolver draw
2,604	1,804	1,999	840	194	1,490	1,305	1,305	1,306	10	0	0	0	673	668	1,644	1,644	971	976	1,371	1,371	1,375	1,375	4	4	593	593	593	1,340	747	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Contributions to Motorola Mobility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,425	0	0	0	-	-	-	-	-	-	-	-
Issuances of common stock
74	114	111	179	160	168	160	113	113	82	74	81	75	93	95	87	83	84	62	39	114	87	151	151	139	165	162	169	143	133	123	127	152	192	0	0	0	-	158	128	123	116	0	0	0
Purchases of common stock
423	315	236	236	211	132	191	291	371	483	472	481	956	842	909	2,857	2,588	3,177	4,419	3,012	3,142	2,546	1,485	1,260	1,394	1,694	1,658	1,541	1,430	2,438	2,478	2,914	2,475	1,110	0	0	0	-	-	-	-	-	-	-	-
Excess tax benefit from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5	1	6	7	11	16	13	21	25	23	21	23	20	20	59	48	42	0	0	0	-	-	-	-	-	-	-	-
Payments of dividends
395	379	366	356	346	337	329	321	314	307	297	291	286	280	272	272	273	277	300	308	314	318	316	307	299	292	285	279	272	270	269	206	142	72	0	0	0	-	-	-	-	114	0	0	0
Distributions from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	93	0	0	0	-	-	-	-	217	306	400	272	492	255	347	608	797	0	0	0	-	-	-	-
Net cash provided by (used for) financing activities
-504	-1,144	-643	-1,013	-1,130	220	349	585	661	-722	-1,388	-1,376	-1,853	-1,042	-418	-1,398	-1,134	-2,398	-3,660	-2,376	-2,362	-1,763	-504	-1,075	-1,142	-842	-727	-676	-454	-2,077	-2,715	-3,099	-3,590	-5,100	-4,694	-3,760	-3,417	-40	-314	71	397	-277	0	0	0
Effect of exchange rate changes on total cash and cash equivalents
-73	-1	-36	-16	-48	-40	-10	10	80	62	16	-13	-52	-71	-41	-58	-24	-69	-117	-121	-133	-79	-4	48	47	10	-3	0	-44	20	-2	-62	-16	-68	-29	202	111	53	23	-172	51	-14	0	0	0
Discontinued Operations
Net cash provided by operating activities from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	95	0	0	0	-	-	-	-	396	445	466	321	508	387	646	934	1,169	0	0	0	-	-	-	-
Net cash provided by investing activities from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	0	0	0	-	-	-	-	-	-	-	-	-57	-191	-263	-300	-343	0	0	0	-	-	-	-
Net cash used for financing activities from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-93	0	0	0	-	-	-	-	-217	-379	-400	-272	-492	-255	-347	-608	-797	0	0	0	-	-	-	-
Net cash provided by discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Effect of exchange rate changes on cash and cash equivalents from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6	-17	-17	2	41	59	-36	-26	-29	0	0	0	-	-	-	-
Net increase (decrease) in cash and cash equivalents
775	-256	289	23	39	-11	134	136	29	238	-970	-740	-1,111	-950	-513	-1,567	-1,413	-1,974	-645	236	212	729	1,124	1,419	1,671	1,757	-58	-315	-250	-413	-6	-431	-1,044	-2,327	-2,063	-690	-424	1,339	798	12	-77	-195	0	0	0
Supplemental Cash Flow Information
Cash paid during the period for:
Interest paid
210	221	216	223	221	204	194	181	177	176	185	185	186	191	185	176	172	163	166	142	160	128	140	131	134	122	122	113	107	109	117	115	158	166	208	215	236	240	246	317	312	320	0	0	0
Income and withholding taxes, net of refunds
137	138	151	133	106	119	118	131	137	122	87	59	35	66	81	88	118	105	155	145	146	105	51	209	180	246	254	104	153	127	154	159	129	107	221	264	231	259	145	19	152	159	0	0	0