Motorola Solutions Files 2024 10-K

TL;DR

MSI 2024 10-K is in! Full financial picture for the year ending Dec 31, 2024.

AI Summary

Motorola Solutions, Inc. filed its 2024 10-K report on February 14, 2025, detailing its financial performance for the fiscal year ending December 31, 2024. The company, headquartered in Chicago, IL, operates in the Radio & TV Broadcasting & Communications Equipment sector. The filing covers its business operations, financial statements, and risk factors, providing a comprehensive overview for investors.

Why It Matters

This filing provides investors with a detailed look at Motorola Solutions' financial health and strategic direction for the past fiscal year, influencing investment decisions.

Risk Assessment

Risk Level: low — The provided text is a standard 10-K filing header and does not contain specific risk disclosures that would allow for a risk level assessment.

Key Numbers

• 2024 — Fiscal Year (The primary year covered by the 10-K filing.)
• 1231 — Fiscal Year End (Indicates the end date of the reporting period.)
• 20250214 — Filing Date (The date the 10-K was officially submitted to the SEC.)

Key Players & Entities

• Motorola Solutions, Inc. (company) — Filer
• 0000068505 (company) — Central Index Key
• 3663 (company) — Standard Industrial Classification
• 361115800 (company) — IRS Number
• DE (company) — State of Incorporation
• 500 W. MONROE ST. (company) — Business Address Street 1
• CHICAGO (company) — Business Address City
• IL (company) — Business Address State
• 60661 (company) — Business Address Zip
• 8475765000 (company) — Business Phone

FAQ

Key Financial Figures

• $0.01 — hange on Which Registered Common Stock $0.01 Par Value MSI New York Stock Exchange
• $6.9 b — In 2024, the segment's net sales were $6.9 billion, representing 64% of our consolid
• $3.9 b — In 2024, the segment's net sales were $3.9 billion, representing 36% of our consolid

Filing Documents

• msi-20241231.htm (10-K) — 3405KB
• exhibit1035formofpsuawarda.htm (EX-10.35) — 95KB
• exhibit19motorolasolutions.htm (EX-19) — 55KB
• msiex212024.htm (EX-21) — 24KB
• msiex2312024.htm (EX-23.1) — 2KB
• msiex311202410-k.htm (EX-31.1) — 10KB
• msiex312202410-k.htm (EX-31.2) — 10KB
• msiex321202410-k.htm (EX-32.1) — 5KB
• msiex322202410-k.htm (EX-32.2) — 5KB
• image_0a.jpg (GRAPHIC) — 6KB
• msi-20241231_g1.jpg (GRAPHIC) — 125KB
• 0000068505-25-000012.txt ( ) — 20343KB
• msi-20241231.xsd (EX-101.SCH) — 115KB
• msi-20241231_cal.xml (EX-101.CAL) — 158KB
• msi-20241231_def.xml (EX-101.DEF) — 724KB
• msi-20241231_lab.xml (EX-101.LAB) — 1326KB
• msi-20241231_pre.xml (EX-101.PRE) — 1063KB
• msi-20241231_htm.xml (XML) — 4044KB

Business

Item 1. Business 4 Overview 4 Business Organization 4 Customers and Contracts 7 Competition 7 Other Information 7 Backlog 7 Research and Development 10 Intellectual Property Matters 10 Inventory and Raw Materials 10 Government Regulations 11 Human Capital Management 12 Material Dispositions 12 Available Information 13

Risk Factors

Item 1A. Risk Factors 14

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments 26

Cybersecurity

Item 1C. Cybersecurity 26

Properties

Item 2. Properties 28

Legal Proceedings

Item 3. Legal Proceedings 28

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 28 Information about our Executive Officers 29 PART II 30

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 30

[ Reserved]

Item 6. [ Reserved] 32

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 33

Quantitative and Qualitative Disclosures About Market Risk

Item 7A. Quantitative and Qualitative Disclosures About Market Risk 55

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data 56

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 105

Controls and Procedures

Item 9A. Controls and Procedures 105

Other Information

Item 9B. Other Information 105

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 105 PART III 106

Directors, Executive Officers and Corporate Governance

Item 10. Directors, Executive Officers and Corporate Governance 106

Executive Compensation

Item 11. Executive Compensation 106

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 106

Certain Relationships and Related Transactions, and Director Independence

Item 13. Certain Relationships and Related Transactions, and Director Independence 106

Principal Accounting Fees and Services

Item 14. Principal Accounting Fees and Services 106 PART IV 107

Exhibits and Financial Statement Schedules

Item 15. Exhibits and Financial Statement Schedules 107 15(a)(1) Financial Statements 107 15(a)(2) Financial Statement Schedule s 107 15(a)(3) Exhibits 107

Form 10-K Summary

Item 16. Form 10-K Summary 111

Signatures

Signatures 112 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 | Solving for safer Motorola Solutions' business is safety and security. Every day we work to deliver on our commitment of helping to create safer communities, safer schools, safer hospitals and safer businesses. Our work as a global leader in public safety and enterprise security is 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, driven by our commitment to help make everywhere safer for all. We are building and connecting an ecosystem of safety and security technologies to help protect people, property and places, which includes Land Mobile Radio Communications ("LMR" or "LMR Communications"), Video Security and Access Control ("Video") and Command Center. Across all three technologies, we offer on-premises, cloud-based and hybrid software solutions, and services such as cybersecurity subscription services and managed and support services. We support police, fire and other emergency responders to help protect communities, while our base of enterprise customers, including schools, hospitals, businesses and stadiums, continues to grow as the criticality of safety and security becomes increasingly important. As a provider to both public safety and enterprises, our technologies can connect those in need with those who can help, enabling the collaboration that is critical for a more proactive approach to safety and security. 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 th

View Full Filing

View this 10-K filing on SEC EDGAR