Motorola solutions, inc. (MSI)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07
Net sales

7,887

7,343

6,380

6,038

5,695

5,881

6,227

6,269

5,738

7,617

6,947

8,140

36,622

Costs of sales

3,956

3,863

3,356

3,169

2,976

3,050

3,118

3,075

2,811

3,805

3,470

4,051

26,670

Gross margin

3,931

3,480

3,024

2,869

2,719

2,831

3,109

3,194

2,927

3,812

3,477

4,089

9,952

Selling, general and administrative expenses

1,403

1,254

1,025

1,044

1,021

1,184

1,330

1,472

1,422

1,874

1,662

1,845

5,092

Research and development expenditures

687

637

568

553

620

681

761

790

778

1,037

993

1,106

4,429

Other charges

-260

-334

-147

-224

84

1,972

71

12

129

150

255

1,817

984

Operating earnings

1,581

1,255

1,284

1,048

994

-1,006

947

920

598

751

567

-679

-553

Other income (expense):
Interest expense, net

-220

-222

-201

-205

-173

-126

-113

-66

-74

-129

-133

35

91

Gains on sales of investments and businesses, net

5

16

3

-6

107

5

37

26

23

49

108

64

50

Other, net

-365

53

-10

7

-11

-34

9

1

-66

-7

91

-417

36

Total other expense

-580

-153

-208

-204

-77

-155

-67

-39

-117

-87

66

-318

177

Net earnings before income taxes

1,001

1,102

1,076

844

917

-1,161

880

881

481

664

633

-997

-376

Income tax expense

130

133

1,227

282

274

-465

-59

211

-95

403

188

2,481

-285

Earnings (loss) from continuing operations

-

-

-

-

643

-696

939

670

576

261

445

-3,478

-91

Loss from discontinued operations, net of tax

-

-

-

-

-30

1,996

166

211

576

389

-473

-762

56

Net earnings

871

969

-151

562

613

1,300

1,105

881

1,152

650

-28

-4,240

-35

Less: Earnings attributable to non-controlling interests

3

3

4

2

3

1

6

0

-6

17

23

4

14

Net earnings attributable to Motorola Solutions, Inc.

868

966

-155

560

610

1,299

1,099

881

1,158

633

-51

-4,244

-49

Earnings (loss) from continuing operations, net of tax

-

-

-

-

640

-697

933

670

582

244

422

-3,482

-105

Loss from discontinued operations, net of tax

-

-

-

-

-30

1,996

166

211

576

389

-473

-762

56

Net earnings (loss) attributable to Motorola Solutions, Inc.

868

966

-155

560

610

1,299

1,099

881

1,158

633

-51

-4,244

-49

Earnings per common share:
Diluted (US$ per share)

-

-

-

3.30

3.21

-2.84

3.51

2.29

1.74

0.73

1.29

-10.76

-0.05

Discontinued operations (US$ per share)

-

-

-

-

-0.15

8.13

0.62

0.73

1.73

1.17

-1.45

-2.35

0.03

Basic (in US$ per share)

5.21

5.95

-0.95

-

3.06

5.29

4.13

3.02

3.47

1.90

-0.16

-13.11

-0.02

Basic (US$ per share)

-

-

-

3.24

3.17

-2.84

3.45

2.25

1.71

0.72

1.28

-10.76

-0.05

Discontinued operations (US$ per share)

-

-

-

-

-0.15

8.13

0.61

0.71

1.70

1.15

-1.43

-2.35

0.03

Diluted (in US$ per share)

4.95

5.62

-0.95

-

3.02

5.29

4.06

2.96

3.41

1.87

-0.15

-13.11

-0.02

Weighted average common shares outstanding:
Basic (in shares)

166

162

162

169

199

245

266

292

333

333

327

323

2,312

Diluted (in shares)

175

172

162

173

201

245

270

297

339

338

329

323

2,312

Dividends declared (in USD per share)

2.35

2.13

1.93

1.70

1.43

1.30

1.14

0.96

0.22

0.00

0.35

1.40

0.20

Products
Net sales

4,746

4,463

3,772

3,649

3,676

3,807

4,109

4,236

3,901

5,616

5,026

6,306

-

Costs of sales

2,049

2,035

1,686

1,649

1,625

1,678

1,808

1,795

1,697

2,523

2,221

2,880

-

Services
Net sales

3,141

2,880

2,608

2,389

2,019

2,074

2,118

2,033

1,837

2,001

1,921

1,834

-

Costs of sales

1,907

1,828

1,670

1,520

1,351

1,372

1,310

1,280

1,114

1,282

1,249

1,171

-