For the quarter ending 2026-04-04, MSI had -$279M decrease in cash & cash equivalents over the period. $389M in free cash flow.
| Cash Flow | 2026-04-04 | 2025-12-31 | 2025-09-27 | 2025-06-28 |
|---|---|---|---|---|
| Net earnings | 368 | 650 | 563 | 515 |
| Depreciation and amortization | 143 | 143 | 115 | 86 |
| Contingent earnout adjustment | 75 | - | - | - |
| Non-cash other charges | 8 | 7 | 1 | -12 |
| Exit of video manufacturing operations | - | 0 | - | - |
| Share-based compensation expenses | 100 | 80 | 73 | 74 |
| Loss from the extinguishment of silver lake convertible debt | - | 0 | 0 | 0 |
| Accounts receivable | -155 | 174 | 128 | 68 |
| Inventories | 199 | 38 | 23 | 22 |
| Other current assets and contract assets | -103 | -9 | 108 | 44 |
| Accounts payable, accrued liabilities and contract liabilities | -290 | 560 | 175 | -280 |
| Other assets and liabilities | 12 | -20 | -52 | -24 |
| Deferred income taxes | 0 | -1 | 78 | 0 |
| Net cash provided by operating activities | 451 | 1,256 | 798 | 273 |
| Acquisitions and investments, net | 124 | 81 | 4,371 | 14 |
| Proceeds from sales of investments and businesses, net | 2 | 3 | 2 | 2 |
| Capital expenditures | 62 | 114 | 66 | 48 |
| Proceeds from sales of property, plant and equipment | 1 | - | - | - |
| Net cash used for investing activities | -183 | -192 | -4,435 | -60 |
| Net proceeds from issuance of debt | - | 0 | 750 | 1,983 |
| Net proceeds from short-term borrowings | - | 0 | 923 | - |
| Repayment of debt | - | 0 | 70 | 252 |
| Repayments of short-term debt | 200 | 179 | - | - |
| Revolving credit facility renewal fees | - | 0 | 0 | 5 |
| Issuances of common stock, net of tax | -6 | 49 | 34 | 53 |
| Purchases of common stock | 118 | 490 | 121 | 218 |
| Payments of dividends | 201 | 182 | 182 | 182 |
| Payment of dividends to noncontrolling interest | - | 0 | 1 | 4 |
| Net cash used for financing activities | -525 | -802 | 1,333 | 1,375 |
| Effect of exchange rate changes on total cash and cash equivalents | -22 | 9 | -8 | 54 |
| Net decrease in total cash and cash equivalents | -279 | 271 | -2,312 | 1,642 |
| Cash and cash equivalents, beginning of period | 1,165 | 894 | 3,206 | 1,564 |
| Cash and cash equivalents, end of period | 886 | 1,165 | 894 | 3,206 |
Motorola Solutions, Inc. (MSI)
Motorola Solutions, Inc. (MSI)