SPY389.58+9.22 2.42%
DIA315.59+6.14 1.98%
IXIC13,588.83+396.48 3.01%

Press Release: Motorola Solutions Reports -7-

· 02/04/2021 16:10
Release of uncertain Income tax tax positions expense - 1 (1) (0.01) Gain on sale of property, plant, and Other charges equipment (income) (50) (12) (38) (0.22) ---- ---- ---- ----- Total impact on Net earnings $ 87 $ 21 $ 66 $ 0.37 Q2 2020 --------------------------------------------------------------------------------------------- Statement PBT Tax PAT EPS Non-GAAP Adjustments Line (Inc)/Exp Inc/(Exp) (Inc)/Exp impact -------------------- ------------- ------------- ------------- ------------- --------- Intangibles amortization Intangibles expense amortization $ 51 $ 12 $ 39 $ 0.22 Cost of sales and Other Reorganization of charges business charges (income) 41 10 31 0.18 Share-based compensation Cost of sales, expenses SG&A and R&D 31 7 24 0.14 Other charges Legal settlements (income) 7 2 5 0.03 Hytera-related legal expenses SG&A 5 1 4 0.02 Fixed asset Other charges impairment (income) 5 1 4 0.02 Acquisition-related Other charges transaction fees (income) 1 - 1 0.01 Release of uncertain Income tax tax positions expense - (1) 1 0.01 Fair value adjustments to equity investments Other income (4) (1) (3) (0.02) ---- ---- ---- ----- Total impact on Net earnings 137 $ 31 $ 106 $ 0.61 Q3 2020 --------------------------------------------------------------------------------------------- Statement PBT Tax PAT EPS Non-GAAP Adjustments Line (Inc)/Exp Inc/(Exp) (Inc)/Exp impact -------------------- ------------- ------------- ------------- ------------- --------- Loss from extinguishment of long-term debt Other expense $ 56 $ 13 $ 43 $ 0.25 Intangibles amortization Intangibles expense amortization 54 12 42 0.24 Share-based compensation Cost of sales, expenses SG&A and R&D 31 7 24 0.14 Cost of sales and Other Reorganization of charges business charges (income) 13 3 10 0.06 Hytera-related legal expenses SG&A 5 1 4 0.02 Acquisition-related Other charges transaction fees (income) 5 - 5 0.03 Fair value adjustments to equity investments Other expense 4 1 3 0.02 Pelco purchase accounting adjustment Cost of sales 3 1 2 0.01 (Gain) or loss on sales of investments and businesses, Sale of investments net 1 - 1 - ---- --- ---- --- ---- --- ----- Total impact on Net earnings $ 172 $ 38 $ 134 $ 0.77 Q4 2020 --------------------------------------------------------------------------------------------- Statement PBT Tax PAT EPS Non-GAAP Adjustments Line (Inc)/Exp Inc/(Exp) (Inc)/Exp impact -------------------- ------------- ------------- ------------- ------------- --------- Intangibles amortization Intangibles expense amortization $ 57 $ 13 $ 44 $ 0.25 Share-based compensation Cost of sales, expenses SG&A and R&D 29 7 22 0.13 Cost of sales and Other Reorganization of charges business charges (income) 14 4 10 0.06 Hytera-related legal expenses SG&A 7 2 5 0.03 Pelco purchase accounting adjustment Cost of sales 4 1 3 0.02 Investment impairments Other expense 4 1 3 0.02 (Gain) or loss on sales of investments and businesses, Sale of investments net 1 - 1 0.01 Acquisition-related Other charges transaction fees (income) 1 - 1 - Other income Release of uncertain and Income tax positions tax expense (3) (3) 0 - Fair value adjustments to equity investments Other income (5) (1) (4) (0.03) ---- ---- ---- ----- Total impact on Net earnings $ 109 $ 24 $ 85 $ 0.49 FY 2020 --------------------------------------------------------------------------------------------- Statement PBT Tax PAT EPS Non-GAAP Adjustments Line (Inc)/Exp Inc/(Exp) (Inc)/Exp impact -------------------- ------------- ------------- ------------- ------------- --------- Intangibles amortization Intangibles expense amortization $ 215 $ 50 $ 165 $ 0.95 Share-based compensation Cost of sales, expenses SG&A and R&D 129 30 99 0.57 Cost of sales and Other Reorganization of charges business charges (income) 86 21 65 0.37 Loss from extinguishment of long-term debt Other expense 56 13 43 0.25 Hytera-related legal expenses SG&A 42 10 32 0.18 Other charges Legal settlements (income) 9 2 7 0.04 Acquisition-related Other charges transaction fees (income) 9 - 9 0.05 Pelco purchase accounting adjustment Cost of sales 7 2 5 0.03 Fixed asset Other charges impairment (income) 5 1 4 0.02 Investment impairments Other expense 4 1 3 0.02 (Gain) or loss on sales of investments and businesses, Sale of investments net 2 - 2 0.01 Other income Release of uncertain and Income tax positions tax expense (3) (3) - - Fair value adjustments to equity investments Other income (6) (1) (5) (0.03) Gain on sale of property, plant, and Other charges equipment (income) (50) (12) (38) (0.22) ---- ---- ---- ----- Total impact on Net earnings $ 505 $ 114 $ 391 $ 2.24 Non-GAAP-2 Motorola Solutions, Inc. and Subsidiaries Non-GAAP Segment Information (In millions) Net Sales ------------------------------------------------------------------------ Three Months Ended ---------------------------------------- December 31, 2020 December 31, 2019 % Change ------------------- ------------------- ------------ Products and Systems Integration $ 1,510 $ 1,673 (10)% Software and Services 763 704 8% --- -------- ---- --- -------- ---- Total Motorola Solutions $ 2,273 $ 2,377 (4)% --- -------- ---- --- -------- ---- -------

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February 04, 2021 16:10 ET (21:10 GMT)