SCHAUMBURG, Ill. — (BUSINESS WIRE) — January 22, 2014 — Motorola Solutions, Inc. (NYSE: MSI):
- Fourth-quarter sales up 3 percent from a year ago; flat for the full year
- Fourth-quarter Government sales up 4 percent from a year ago; up 1 percent for the full year
- Fourth-quarter GAAP earnings per share (EPS) from continuing operations* up 11 percent from a year ago; up 38 percent for the full year
- Fourth-quarter Non-GAAP** EPS from continuing operations up 52 percent from a year ago; up 48 percent for the full year, including a one-time tax benefit of $1.25
- Generated $741 million in operating cash flow during the quarter; $944 million for the full year
- Repurchased $362 million of shares in the quarter; $1.7 billion for the full year
| Fourth Quarter | Full Year | |||||||||||
| 2013 | 2012 | Change | 2013 | 2012 | Change | |||||||
| Total sales ($M) | $2,504 | $2,441 | 3% | $8,696 | $8,698 | 0% | ||||||
| GAAP operating earnings ($M) | $413 | $423 | -2% | $1,215 | $1,256 | -3% | ||||||
| Non-GAAP operating earnings ($M) | $519 | $476 | 9% | $1,527 | $1,503 | 2% | ||||||
| GAAP EPS from continuing operations | $1.31 | $1.18 | 11% | $4.06 | $2.95 | 38% | ||||||
| Non-GAAP EPS from continuing operations | $1.67 | $1.10 | 52% | $4.73 | $3.20 | 48% | ||||||
