Motorola Solutions, Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Motorola Solutions, Inc. has filed its 2023 10-K report detailing its financial performance and business operations.</b>

AI Summary

Motorola Solutions, Inc. (MSI) filed a Annual Report (10-K) with the SEC on February 15, 2024. Motorola Solutions, Inc. filed its annual report on Form 10-K for the fiscal year ended December 31, 2023. The filing covers the period from January 1, 2023, to December 31, 2023. The company's principal executive offices are located at 500 W. Monroe St., Chicago, IL 60661. Motorola Solutions, Inc. was formerly known as Motorola Inc. and Motorola Delaware Inc. The SIC code for the company is 3663 (Radio & TV Broadcasting & Communications Equipment).

Why It Matters

For investors and stakeholders tracking Motorola Solutions, Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Motorola Solutions' financial health, operational strategies, and risk factors for the fiscal year 2023, crucial for investors and stakeholders to assess the company's performance and future outlook. The detailed financial statements and disclosures within the 10-K allow for a thorough analysis of revenue streams, profitability, and balance sheet strength, enabling informed investment decisions.

Risk Assessment

Risk Level: medium — Motorola Solutions, Inc. shows moderate risk based on this filing. The filing is a standard 10-K, which is a routine disclosure for public companies, but the specific financial details and risk factors presented will determine the actual risk level for investors.

Analyst Insight

Review the detailed financial statements and risk factors within the 10-K to understand Motorola Solutions' performance and potential challenges in fiscal year 2023.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reporting period)
• 2024-02-15 — Filing Date (Date of submission)

Key Players & Entities

• Motorola Solutions, Inc. (company) — Filer name
• Motorola Inc. (company) — Former company name
• Motorola Delaware Inc. (company) — Former company name
• 500 W. Monroe St., Chicago, IL 60661 (address) — Business address

FAQ

Industry Context

Motorola Solutions operates in the Radio & TV Broadcasting & Communications Equipment industry.

Regulatory Implications

The filing is a standard Form 10-K, a mandatory annual report required by the U.S. Securities and Exchange Commission (SEC) for publicly traded companies.

What Investors Should Do

1. Analyze the revenue breakdown by product and service segments for fiscal year 2023.
2. Examine the company's balance sheet and cash flow statements for fiscal year 2023.
3. Review any disclosed risk factors and management's discussion and analysis for potential business challenges.

Year-Over-Year Comparison

This is the initial filing data extracted from the provided text, so a comparison to a previous filing is not possible.

Key Financial Figures

• $0.01 — hange on Which Registered Common Stock $0.01 Par Value MSI New York Stock Exchange
• $1.0 billion — capital markets, (q) our repurchase of $1.0 billion of 1.75% convertible notes due 2024 iss
• $6.2 b — In 2023, the segment's net sales were $6.2 billion, representing 63% of our consolid
• $3.7 b — In 2023, the segment's net sales were $3.7 billion, representing 37% of our consolid

Filing Documents

• msi-20231231.htm (10-K) — 3346KB
• msiex31202310-k.htm (EX-3.1) — 36KB
• msiex42202310-k.htm (EX-4.2) — 12KB
• msiex212023.htm (EX-21) — 23KB
• msiex2312023.htm (EX-23.1) — 2KB
• msiex311202310-k.htm (EX-31.1) — 10KB
• msiex312202310-k.htm (EX-31.2) — 10KB
• msiex321202310-k.htm (EX-32.1) — 5KB
• msiex322202310-k.htm (EX-32.2) — 5KB
• msiex97202310-k.htm (EX-97) — 35KB
• msi-20231231_g1.jpg (GRAPHIC) — 128KB
• 0000068505-24-000008.txt (&nbsp;) — 19945KB
• msi-20231231.xsd (EX-101.SCH) — 115KB
• msi-20231231_cal.xml (EX-101.CAL) — 159KB
• msi-20231231_def.xml (EX-101.DEF) — 743KB
• msi-20231231_lab.xml (EX-101.LAB) — 1430KB
• msi-20231231_pre.xml (EX-101.PRE) — 1068KB
• msi-20231231_htm.xml (XML) — 3960KB

Business

Item 1. Business 3 Overview 3 Business Organization 4 Customers and Contracts 6 Competition 7 Other Information 7 Backlog 7 Research and Development 9 Intellectual Property Matters 9 Inventory and Raw Materials 9 Government Regulations 10 Human Capital Management 10 Material Dispositions 11 Available Information 11

Risk Factors

Item 1A. Risk Factors 13

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments 24 I tem 1C. Cybersecurity 24

Properties

Item 2. Properties 26

Legal Proceedings

Item 3. Legal Proceedings 26

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 26 Information about our Executive Officers 26 PART II 28

Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 28

[ Reserved]

Item 6. [ Reserved] 30

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 31

Quantitative and Qualitative Disclosures About Market Risk

Item 7A. Quantitative and Qualitative Disclosures About Market Risk 51

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data 53

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 101

Controls and Procedures

Item 9A. Controls and Procedures 101

Other Information

Item 9B. Other Information 101

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 101 PART III 102

Directors, Executive Officers and Corporate Governance

Item 10. Directors, Executive Officers and Corporate Governance 102

Executive Compensation

Item 11. Executive Compensation 102

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 102

Certain Relationships and Related Transactions, and Director Independence

Item 13. Certain Relationships and Related Transactions, and Director Independence 102

Principal Accounting Fees and Services

Item 14. Principal Accounting Fees and Services 102 PART IV 103

Exhibits and Financial Statement Schedules

Item 15. Exhibits and Financial Statement Schedules 103 15(a)(1) Financial Statements 103 15(a)(2) Financial Statement Schedule s 103 15(a)(3) Exhibits 103

Form 10-K Summary

Item 16. Form 10-K Summary 107

Signatures

Signatures 108 2 Throughout this Form 10-K we "incorporate by reference" certain information in parts of other documents filed with the Securities and Exchange Commission (the "SEC"). The SEC allows us to disclose important information by referring to it in that manner. Please refer to such information. "Motorola Solutions" (which may be referred to as the "Company," "we," "us," or "our") means Motorola Solutions, Inc. or Motorola Solutions, Inc. and its subsidiaries, or one of our segments, as the context requires. MOTOROLA, MOTO, MOTOROLA SOLUTIONS and the Stylized M Logo, as well as iDEN are trademarks or registered trademarks of Motorola Trademark Holdings, LLC and are used under license.

Forward-Looking Statements

Forward-Looking Statements

: Business

Item 1: Business Overview Motorola Solutions is solving for safer. Every day we come to work solving for safer communities, safer schools, safer hospitals, safer businesses, safer everywhere. We are a global leader in public safety and enterprise security, grounded in nearly 100 years of close customer and community collaboration. We design and advance technology for more than 100,000 public safety and enterprise customers in over 100 countries. We are driven by our commitment to help make everywhere safer for all. We are building an ecosystem of safety and security technologies that helps protect people, property and places, which include Land Mobile Radio Communications ("LMR" or "LMR Communications"), Video Security and Access Control ("Video") 3 and Command Center. Across all three technologies, we offer cloud-based and hybrid solutions, cybersecurity services, software and subscriptions services as well as managed and support services. We are connecting public safety agencies and enterprises to enable the collaboration that is critical for a proactive approach to safety and security. In addition to our support of police, fire and other emergency responders, we have a growing base of enterprise customers, such as schools, hospitals and stadiums. We support the intersection of public, private and people, connecting those in need with those who can help. We are incorporated under the laws of the State of Delaware as the successor to an Illinois corporation, Motorola, Inc., organized in 1928. We changed our name from Motorola, Inc. to Motorola Solutions, Inc. on January 4, 2011. Our principal executive offices are located at 500 W. Monroe St., Chicago, Illinois 60661. Business Organization We manage our business organizationally through two segments: "Products and Systems Integration" and "Software and Services." Within these segments, we have principal product lines that also follow our three major technologies: LMR Communications: Infrastructure, dev

View Full Filing

View this 10-K filing on SEC EDGAR