Motorola Solutions (MSI) FY2022 results: revenue $9.1 billion, up 11.5% on the year
Motorola Solutions, Inc. (MSI) reported revenue of $9.1 billion for fiscal 2022, the year ended 31 December 2022, up 11.5% on the year before. Net income was $1.4 billion, up 9.5%, and diluted earnings per share $7.93. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2023.
Revenue
$9.1 billion
+11.5% on the year
FY2015FY2022
Operating margin
18.2%
20.4% a year earlier
FY2015FY2022
Net income
$1.4 billion
+9.5% on the year
FY2015FY2022
Diluted EPS
$7.93
+10.6% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
1,823
1,837
1,613
-0.8%
Capital expenditure
256
243
217
+5.3%
Free cash flow
1,567
1,594
1,396
-1.7%
Free cash flow margin
17.2%
19.5%
18.8%
Cash from investing
-1,387
-742
-437
Cash from financing
-906
-429
-966
Depreciation and amortisation
440
438
409
+0.5%
Share-based compensation
172
129
129
+33.3%
Buybacks
836
528
612
+58.3%
Dividends paid
530
482
436
+10.0%
Dividend per share
$3.25
$2.92
$2.63
+11.3%
Diluted shares, weighted
172m
174m
174m
-1.0%
Shares outstanding at period end
168m
169m
169m
-0.7%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
116
-40.0
-558
Non-controlling interest
15.0
17.0
17.0
-11.8%
Debt
6,014
5,693
5,175
+5.6%
Operating lease liabilities
419
313
402
+33.9%
Finance lease liabilities
n/a
0.0
5.0
Other liabilities
6,250
6,206
5,835
+0.7%
Total liabilities and equity
12,814
12,189
10,876
+5.1%
Fixed assets
927
1,042
1,022
-11.0%
Goodwill
3,312
2,565
2,219
+29.1%
Intangible assets
1,342
1,105
1,234
+21.4%
Investments
147
209
158
-29.7%
Cash and equivalents
1,325
1,874
1,254
-29.3%
Receivables
1,518
1,386
1,390
+9.5%
Inventory
1,055
788
508
+33.9%
Other assets
3,188
3,220
3,091
-1.0%
Total assets
12,814
12,189
10,876
+5.1%
10-K for the year ended 31 December 2022, filed 16 February 2023: the filing.