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Motorola Solutions Inc. (NYSE:MSI)

This company has been moved to the archive! The financial data has not been updated since August 1, 2024.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

Motorola Solutions Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
Jun 29, 2024 Mar 30, 2024 Dec 31, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Dec 31, 2021 Oct 2, 2021 Jul 3, 2021 Apr 3, 2021 Dec 31, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020 Dec 31, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019
Current portion of long-term debt 4.23 2.35 9.85 10.56 0.00 0.01 0.01 0.01 0.02 0.03 0.04 0.05 0.08 0.11 0.11 2.05 4.98 7.60 0.15 5.95 0.28 0.28
Accounts payable 6.45 6.17 6.61 5.81 5.52 5.82 8.29 7.61 7.87 7.10 6.98 5.43 4.91 4.64 5.63 5.17 4.80 4.96 5.81 5.37 5.45 5.58
Contract liabilities 13.88 14.18 15.27 15.26 14.40 14.51 14.51 13.32 13.33 13.65 13.54 13.47 12.72 13.61 14.29 13.12 12.47 11.93 13.62 11.79 11.90 11.59
Accrued liabilities 10.24 12.01 11.28 10.90 10.82 11.76 12.78 11.47 11.34 12.58 12.77 11.08 10.89 11.33 12.05 11.63 11.29 11.72 12.74 12.14 11.20 12.36
Current liabilities held for disposition 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Current liabilities 34.80% 34.71% 43.01% 42.52% 30.74% 32.11% 35.59% 32.41% 32.57% 33.36% 33.33% 30.02% 28.60% 29.69% 32.08% 31.97% 33.55% 36.20% 32.32% 35.25% 28.83% 29.81%
Long-term debt, excluding current portion 43.03 44.98 35.28 37.83 49.09 48.68 46.93 51.72 51.50 48.84 46.67 49.79 51.08 49.54 47.47 49.82 49.27 47.70 48.05 49.28 53.29 52.91
Non-current operating lease liabilities 3.15 3.35 3.05 2.96 3.19 3.22 3.27 2.60 2.64 2.75 2.57 2.81 3.05 3.42 3.70 3.87 3.71 4.27 4.67 4.81 5.05 5.53
Other liabilities 12.89 12.92 13.05 13.67 14.11 13.97 13.20 16.66 16.98 17.62 17.62 19.55 20.35 21.93 21.73 21.48 21.33 20.51 21.39 21.11 22.39 22.66
Non-current liabilities held for disposition 0.00 0.00 0.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Non-current liabilities 59.08% 61.26% 51.45% 54.45% 66.40% 65.88% 63.39% 70.98% 71.12% 69.20% 66.86% 72.15% 74.49% 74.89% 72.89% 75.18% 74.31% 72.48% 74.10% 75.20% 80.73% 81.10%
Total liabilities 93.88% 95.97% 94.46% 96.98% 97.14% 97.98% 98.98% 103.39% 103.68% 102.56% 100.19% 102.17% 103.09% 104.59% 104.97% 107.14% 107.86% 108.68% 106.42% 110.45% 109.56% 110.91%
Preferred stock, $100 par value; none issued and outstanding 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Common stock, $0.01 par value 0.01 0.02 0.01 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
Additional paid-in capital 13.05 12.55 12.16 12.38 11.83 11.22 10.19 10.66 9.51 9.13 8.10 8.32 7.88 7.98 6.98 6.44 6.03 5.06 4.69 4.20 7.16 6.51
Retained earnings 12.04 10.50 12.30 10.66 10.88 10.79 10.48 8.51 8.02 8.60 11.08 10.51 10.34 10.36 10.36 9.73 9.80 10.02 11.64 11.76 10.54 9.64
Accumulated other comprehensive loss -19.10 -19.16 -19.05 -20.14 -19.97 -20.13 -19.78 -22.69 -21.34 -20.47 -19.52 -21.15 -21.45 -23.12 -22.49 -23.48 -23.86 -23.95 -22.93 -26.60 -27.44 -27.26
Total Motorola Solutions, Inc. stockholders’ equity (deficit) 6.01% 3.91% 5.43% 2.91% 2.75% 1.89% 0.91% -3.51% -3.80% -2.71% -0.33% -2.30% -3.22% -4.76% -5.13% -7.30% -8.00% -8.85% -6.58% -10.61% -9.73% -11.09%
Non-controlling interests 0.11 0.12 0.11 0.11 0.11 0.12 0.12 0.12 0.11 0.15 0.14 0.13 0.13 0.17 0.16 0.15 0.14 0.17 0.16 0.16 0.16 0.18
Total stockholders’ equity (deficit) 6.12% 4.03% 5.54% 3.02% 2.86% 2.02% 1.02% -3.39% -3.68% -2.56% -0.19% -2.17% -3.09% -4.59% -4.97% -7.14% -7.86% -8.68% -6.42% -10.45% -9.56% -10.91%
Total liabilities and stockholders’ equity (deficit) 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).

The capital structure of the organization has undergone a significant transformation between March 2019 and June 2024, characterized primarily by a transition from a deficit equity position to a positive equity base. This shift is accompanied by a gradual reduction in the overall weight of total liabilities relative to the total balance sheet.

Equity Position and Solvency
A consistent upward trend in total stockholders' equity is observed. Starting from a deficit of -10.91% in March 2019, the equity position improved steadily, crossing into positive territory in December 2022 at 1.02% and reaching 6.12% by June 2024. This improvement is driven by a combination of increasing additional paid-in capital, which rose from 6.51% to 13.05%, and a reduction in accumulated other comprehensive losses, which improved from -27.26% to -19.10% over the analyzed period.
Liability Trends
Total liabilities have decreased from a peak of 110.91% in March 2019 to 93.88% by June 2024. This decline indicates a reduced reliance on leverage to fund assets. Non-current liabilities showed a general downward trajectory, falling from 81.10% in early 2019 to 59.08% by mid-2024, reflecting a strategic reduction in long-term obligations.
Debt Composition and Maturity
Long-term debt, excluding the current portion, remained the dominant liability for most of the period, typically fluctuating between 46% and 53%. A notable shift occurred in late 2023, where long-term debt dropped to 35.28% in December 2023, coinciding with a sharp spike in the current portion of long-term debt to 10.56% in September 2023 and 9.85% in December 2023. This pattern suggests a reclassification of debt as it approached maturity.
Operational Liabilities
Contract liabilities have remained a stable and significant component of the balance sheet, increasing from 11.59% in March 2019 to 13.88% in June 2024, with peaks above 15% in late 2023. This growth suggests a steady or increasing volume of deferred revenue. Accrued liabilities have remained relatively stable, generally fluctuating between 10% and 13% of the total balance sheet.

Overall, the financial profile demonstrates a strengthening balance sheet with a move toward greater solvency and a reduction in long-term leverage, despite periodic fluctuations in short-term debt obligations.

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