Motorola Solutions, Inc. (MSI) quarterly balance sheet — complete assets, liabilities & equity history
Motorola Solutions, Inc. (MSI) balance sheet — 30-year assets, liabilities & shareholders' equity history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Total Current Assets | 6.71B | 6.13B | 5.87B | 6.3B | 5.73B | 7.71B | 5.9B | 6.48B | 5.81B | 5.57B | 5.52B | 5.72B | 5.03B | 4.63B | 4.83B | 5.25B | 4.71B | 4.41B | 4.28B | 5.41B |
| Cash & Short-Term Investments | 774M | 710M | 886M | 1.17B | 894M | 3.21B | 1.56B | 2.1B | 1.4B | 1.38B | 1.51B | 1.71B | 910M | 710M | 1.02B | 1.32B | 822M | 717M | 878M | 1.87B |
| Cash Only | 774M | 710M | 886M | 1.17B | 894M | 3.21B | 1.56B | 2.1B | 1.4B | 1.38B | 1.51B | 1.71B | 910M | 710M | 1.02B | 1.32B | 822M | 717M | 878M | 1.87B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 2.44B | 2.63B | 3.48B | 3.77B | 3.61B | 3.27B | 3.06B | 3.18B | 3.15B | 2.97B | 2.72B | 2.81B | 2.76B | 2.55B | 2.36B | 2.49B | 2.4B | 2.33B | 2.15B | 2.49B |
| Days Sales Outstanding | 68.4 | 88.79 | 125.62 | 103.8 | 104 | 104.07 | 108.61 | 98.82 | 99.82 | 98.53 | 104.18 | 89.95 | 94.44 | 92.97 | 101.77 | 82.24 | 90.69 | 95.23 | 112.84 | 91.49 |
| Inventory | 1.51B | 1.33B | 1.18B | 983M | 943M | 861M | 833M | 766M | 816M | 803M | 840M | 827M | 959M | 1.02B | 1.08B | 1.05B | 1.16B | 1.07B | 952M | 788M |
| Days Inventory Outstanding | 80.47 | 78.62 | 71.27 | 52.79 | 54.47 | 57.01 | 57.29 | 50.86 | 54.28 | 58 | 62.67 | 58.94 | 70.57 | 78.78 | 86.43 | 74.22 | 75.54 | 80.04 | 77.33 | 55.09 |
| Other Current Assets | 1.99B | 1.46B | 323M | 378M | 285M | 343M | 444M | 429M | 439M | 415M | 450M | 381M | 404M | 350M | 358M | 383M | 327M | 294M | 300M | 259M |
| Total Non-Current Assets | 14.43B | 13.11B | 13.21B | 13.09B | 12.99B | 8.7B | 8.53B | 8.12B | 8.08B | 7.83B | 7.8B | 7.61B | 7.4B | 7.63B | 7.53B | 7.56B | 6.92B | 7.26B | 7.37B | 6.78B |
| Property, Plant & Equipment | 1.74B | 1.17B | 1.77B | 1.75B | 1.68B | 1.66B | 1.56B | 1.55B | 1.57B | 1.51B | 1.49B | 1.46B | 1.38B | 1.41B | 1.4B | 1.41B | 1.2B | 1.41B | 1.47B | 1.42B |
| Fixed Asset Turnover | 2.33x | 2.13x | 1.54x | 1.98x | 1.80x | 1.72x | 1.63x | 1.93x | 1.81x | 1.75x | 1.62x | 2.00x | 1.83x | 1.71x | 1.54x | 2.07x | 1.82x | 1.49x | 1.31x | 1.63x |
| Goodwill | 7.67B | 6.88B | 6.88B | 6.8B | 6.78B | 3.84B | 3.84B | 3.53B | 3.52B | 3.4B | 3.41B | 3.4B | 3.28B | 3.29B | 3.29B | 3.31B | 2.85B | 2.87B | 2.86B | 2.56B |
| Intangible Assets | 3.5B | 2.95B | 3.05B | 3.1B | 3.13B | 1.36B | 1.35B | 1.25B | 1.29B | 1.21B | 1.23B | 1.25B | 1.22B | 1.26B | 1.3B | 1.34B | 1.18B | 1.25B | 1.3B | 1.1B |
| Long-Term Investments | 292M | 300M | 236M | 187M | 192M | 180M | 161M | 135M | 140M | 127M | 141M | 143M | 142M | 162M | 144M | 147M | 146M | 162M | 183M | 209M |
| Other Non-Current Assets | 534M | 1.08B | 525M | 491M | 446M | 427M | 383M | 375M | 334M | 354M | 287M | 291M | 336M | 323M | 322M | 310M | 552M | 562M | 552M | 558M |
| Total Assets | 21.14B | 19.24B | 19.08B | 19.39B | 18.8B | 16.41B | 14.43B | 14.6B | 13.89B | 13.35B | 13.33B | 13.34B | 12.44B | 12.25B | 12.35B | 12.81B | 11.63B | 11.67B | 11.65B | 12.19B |
| Asset Turnover | 0.17x | 0.16x | 0.14x | 0.18x | 0.17x | 0.18x | 0.17x | 0.21x | 0.20x | 0.20x | 0.18x | 0.22x | 0.21x | 0.20x | 0.17x | 0.22x | 0.20x | 0.18x | 0.16x | 0.20x |
| Asset Growth % | 12.46% | 17.24% | 32.2% | 32.85% | 35.35% | 22.98% | 8.31% | 9.44% | 11.68% | 8.92% | 7.88% | 4.07% | 6.98% | 4.97% | 6.04% | 5.13% | 1.78% | 4.86% | 11.76% | 12.07% |
| Total Current Liabilities | 6.12B | 5.58B | 5.56B | 6.08B | 5.66B | 4.46B | 4.92B | 5.05B | 4.67B | 4.64B | 4.63B | 5.74B | 5.29B | 3.77B | 3.97B | 4.56B | 3.77B | 3.8B | 3.89B | 4.06B |
| Accounts Payable | 1.05B | 1.13B | 1.11B | 1.33B | 940M | 1.08B | 1.01B | 1.18B | 1.05B | 1.02B | 822M | 881M | 859M | 676M | 857M | 1.21B | 1.05B | 1.07B | 993M | 851M |
| Days Payables Outstanding | 61.71 | 70.02 | 80.2 | 62.16 | 61.02 | 70.24 | 78.25 | 71.53 | 69.17 | 64.88 | 64.02 | 57.42 | 54.74 | 57.46 | 83.48 | 75.63 | 71.88 | 81.74 | 81.96 | 53.47 |
| Short-Term Debt | 750M | 615M | 550M | 749M | 928M | 70M | 322M | 322M | 322M | 565M | 313M | 1.31B | 1.31B | 0 | 1M | 1M | 1M | 2M | 4M | 5M |
| Deferred Revenue (Current) | 2.48B | 2.34B | 2.3B | 2.27B | 2.07B | 2.02B | 1.98B | 2.07B | 1.94B | 1.85B | 1.89B | 2.04B | 1.9B | 1.76B | 1.79B | 1.86B | 1.55B | 1.56B | 1.59B | 1.65B |
| Other Current Liabilities | 0 | 506M | 508M | 604M | 1.02B | 394M | 540M | 503M | 455M | 358M | 789M | 439M | 730M | 672M | 385M | 779M | 823M | 807M | 791M | 890M |
| Current Ratio | 1.10x | 1.10x | 1.06x | 1.04x | 1.01x | 1.73x | 1.20x | 1.28x | 1.25x | 1.20x | 1.19x | 1.00x | 0.95x | 1.23x | 1.22x | 1.15x | 1.25x | 1.16x | 1.10x | 1.33x |
| Quick Ratio | 0.85x | 0.86x | 0.84x | 0.87x | 0.85x | 1.54x | 1.03x | 1.13x | 1.07x | 1.03x | 1.01x | 0.85x | 0.77x | 0.96x | 0.94x | 0.92x | 0.94x | 0.88x | 0.86x | 1.14x |
| Cash Conversion Cycle | 87.16 | 97.39 | 116.7 | 94.42 | 97.45 | 90.84 | 87.65 | 78.15 | 84.94 | 91.65 | 102.83 | 91.47 | 110.27 | 114.3 | 104.72 | 80.83 | 94.35 | 93.53 | 108.21 | 93.12 |
| Total Non-Current Liabilities | 11.94B | 10.97B | 10.96B | 10.88B | 10.8B | 9.96B | 7.85B | 7.82B | 7.88B | 7.88B | 8.16B | 6.86B | 6.77B | 8.13B | 8.14B | 8.12B | 8.25B | 8.3B | 8.06B | 8.15B |
| Long-Term Debt | 9.36B | 8.42B | 8.41B | 8.41B | 8.41B | 7.66B | 5.68B | 5.67B | 5.67B | 5.74B | 5.99B | 4.71B | 4.7B | 6.01B | 6.01B | 6.01B | 6.01B | 6.01B | 5.69B | 5.69B |
| Capital Lease Obligations | 409M | 442M | 494M | 471M | 469M | 472M | 412M | 427M | 444M | 421M | 447M | 407M | 368M | 391M | 398M | 419M | 302M | 308M | 320M | 313M |
| Deferred Tax Liabilities | 154M | 122M | 123M | 124M | 106M | 91M | 87M | 87M | 59M | 57M | 59M | 55M | 72M | 71M | 74M | 73M | 129M | 140M | 143M | 183M |
| Other Non-Current Liabilities | 1.08B | 1.15B | 1.17B | 1.13B | 1.14B | 1.12B | 1.12B | 1.14B | 1.23B | 1.22B | 1.23B | 1.27B | 1.23B | 1.28B | 1.27B | 1.25B | 1.45B | 1.5B | 1.57B | 1.66B |
| Total Liabilities | 18.05B | 16.55B | 16.52B | 16.96B | 16.45B | 14.43B | 12.77B | 12.88B | 12.55B | 12.53B | 12.79B | 12.6B | 12.06B | 11.9B | 12.1B | 12.68B | 12.02B | 12.1B | 11.95B | 12.21B |
| Total Debt | 10.66B | 9.62B | 9.59B | 9.77B | 9.94B | 8.33B | 6.53B | 6.55B | 6.57B | 6.85B | 6.88B | 6.55B | 6.5B | 6.52B | 6.52B | 6.55B | 6.39B | 6.42B | 6.12B | 6.13B |
| Net Debt | 9.89B | 8.91B | 8.7B | 8.6B | 9.04B | 5.13B | 4.96B | 4.45B | 5.17B | 5.47B | 5.36B | 4.84B | 5.59B | 5.81B | 5.5B | 5.23B | 5.57B | 5.7B | 5.24B | 4.26B |
| Debt / Equity | 3.46x | 3.58x | 3.74x | 4.02x | 4.24x | 4.20x | 3.93x | 3.81x | 4.90x | 8.39x | 12.80x | 8.86x | 17.30x | 18.58x | 26.19x | 50.01x | - | - | - | - |
| Debt / EBITDA | 11.50x | 10.05x | 12.99x | 9.56x | 11.08x | 10.71x | 9.84x | 7.28x | 8.27x | 9.43x | 11.42x | 7.96x | 8.97x | 10.78x | 13.12x | 8.19x | 13.29x | 13.65x | 17.47x | 9.26x |
| Net Debt / EBITDA | 10.67x | 9.31x | 11.79x | 8.42x | 10.08x | 6.59x | 7.48x | 4.94x | 6.50x | 7.53x | 8.91x | 5.89x | 7.71x | 9.60x | 11.06x | 6.53x | 11.58x | 12.12x | 14.96x | 6.43x |
| Interest Coverage | 6.84x | 7.81x | 4.97x | 8.06x | 8.04x | 10.58x | 8.93x | 11.65x | 10.52x | 7.67x | -0.48x | 12.59x | 10.87x | 8.73x | 6.68x | 12.07x | 6.34x | 6.08x | 4.78x | 10.42x |
| Total Equity | 3.09B | 2.69B | 2.56B | 2.43B | 2.34B | 1.98B | 1.66B | 1.72B | 1.34B | 817M | 537M | 739M | 376M | 351M | 249M | 131M | -394M | -430M | -298M | -23M |
| Equity Growth % | 31.66% | 35.48% | 54.49% | 41.19% | 74.79% | 142.84% | 208.94% | 132.61% | 256.65% | 132.76% | 115.66% | 464.12% | 195.43% | 181.63% | 183.56% | 669.57% | -58.87% | -25% | 37.66% | 95.75% |
| Book Value per Share | 18.43 | 16.08 | 15.26 | 14.44 | 13.87 | 11.75 | 9.77 | 10.06 | 7.85 | 4.80 | 3.23 | 4.31 | 2.19 | 2.03 | 1.44 | 0.76 | -2.30 | -2.52 | -1.72 | -0.13 |
| Total Shareholders' Equity | 3.07B | 2.67B | 2.54B | 2.41B | 2.33B | 1.97B | 1.64B | 1.7B | 1.33B | 802M | 521M | 724M | 362M | 337M | 234M | 116M | -408M | -443M | -316M | -40M |
| Common Stock | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M |
| Retained Earnings | 2.84B | 2.63B | 2.6B | 2.55B | 2.59B | 2.33B | 2.22B | 2.3B | 1.97B | 1.61B | 1.4B | 1.64B | 1.33B | 1.33B | 1.33B | 1.34B | 989M | 936M | 1B | 1.35B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -2.41B | -2.42B | -2.42B | -2.42B | -2.42B | -2.41B | -2.5B | -2.54B | -2.47B | -2.55B | -2.55B | -2.54B | -2.5B | -2.45B | -2.49B | -2.54B | -2.64B | -2.49B | -2.38B | -2.38B |
| Minority Interest | 17M | 16M | 19M | 17M | 17M | 16M | 18M | 16M | 15M | 15M | 16M | 15M | 14M | 14M | 15M | 15M | 14M | 13M | 18M | 17M |