Annual Financials for Motorola Solutions, Inc. (MSI)

20 Years of financial data for all companies
Including key metrics, annual/quarterly financials, and historic PE ratio.



Please enter the stock ticker. Add .to for Canadian stocks.


All numbers in thousands except per share items and ratios.
Put a checkmark beside items to have them appear in the chart below.


Reported Currency: USD TTM 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31
Revenue 10,196,000 9,978,000 9,112,000 8,171,000 7,414,000 7,887,000 7,343,000 6,380,000 6,038,000 5,695,000 5,881,000 8,696,000 8,698,000 8,203,000 19,282,000 22,044,000 30,146,000 36,622,000 42,879,000 36,843,000 31,323,000
Revenue Growth - 9.50% 11.52% 10.21% -6.00% 7.41% 15.09% 5.66% 6.02% -3.16% -32.37% -0.02% 6.03% -57.46% -12.53% -26.88% -17.68% -14.59% 16.38% 17.62%
Cost of Revenue 5,158,000 5,178,000 4,883,000 4,131,000 3,806,000 3,956,000 3,863,000 3,356,000 3,169,000 2,976,000 3,050,000 4,455,000 4,350,000 4,057,000 12,384,000 14,987,000 21,751,000 26,670,000 30,152,000 25,066,000 20,826,000
Gross Profit 5,038,000 4,800,000 4,229,000 4,040,000 3,608,000 3,931,000 3,480,000 3,024,000 2,869,000 2,719,000 2,831,000 4,241,000 4,348,000 4,146,000 6,898,000 7,057,000 8,395,000 9,952,000 12,727,000 11,777,000 10,497,000
Gross Profit Margin 49.39% 48.11% 46.41% 49.44% 48.66% 49.84% 47.39% 47.40% 47.52% 47.74% 48.14% 48.77% 49.99% 50.54% 35.77% 32.01% 27.85% 27.17% 29.68% 31.97% 33.51%
Research and Development 866,000 858,000 779,000 734,000 686,000 687,000 637,000 568,000 553,000 620,000 681,000 1,055,000 1,075,000 1,035,000 2,530,000 3,183,000 4,109,000 4,429,000 4,106,000 3,680,000 3,060,000
General and Administrative Expenses 1,588,000 1,560,000 1,450,000 1,353,000 1,293,000 1,403,000 1,254,000 979,000 1,000,000 1,021,000 1,184,000 1,838,000 1,963,000 1,912,000 3,367,000 3,381,000 4,330,000 5,092,000 4,504,000 3,859,000 4,209,000
Total Operating Expenses 2,542,000 2,418,000 2,486,000 2,373,000 2,225,000 2,298,000 2,079,000 1,698,000 1,666,000 1,649,000 1,869,000 2,919,000 3,067,000 3,288,000 5,867,000 7,163,000 10,478,000 10,119,000 8,635,000 7,013,000 7,380,000
Operating Income or Loss 2,466,000 2,382,000 1,661,000 1,667,000 1,383,000 1,216,000 1,255,000 1,282,000 1,067,000 994,000 -1,006,000 1,215,000 1,256,000 858,000 789,000 -148,000 -2,391,000 -553,000 4,092,000 4,696,000 3,132,000
Operating Margin 24.03% 23.87% 18.23% 20.40% 18.65% 15.42% 17.09% 20.09% 17.67% 17.45% -17.11% 13.97% 14.44% 10.46% 4.09% -0.67% -7.93% -1.51% 9.54% 12.75% 10.00%
Interest Expense 234,000 249,000 240,000 208,000 220,000 220,000 222,000 201,000 205,000 173,000 126,000 113,000 66,000 132,000 131,000 213,000 91,000 91,000 326,000 71,000 -199,000
EBITDA 2,866,000 2,799,000 2,308,000 2,197,000 1,805,000 1,610,000 1,668,000 1,617,000 1,350,000 1,133,000 -867,000 1,446,000 1,450,000 1,293,000 1,603,000 572,000 1,071,000 1,279,000 4,483,000 3,166,000 3,553,000
Depreciation and Amortization 367,000 417,000 647,000 530,000 422,000 394,000 360,000 343,000 295,000 150,000 173,000 228,000 208,000 366,000 572,000 751,000 831,000 903,000 558,000 613,000 659,000
Income Before Tax 1,696,000 2,146,000 1,515,000 1,552,000 1,174,000 1,001,000 1,102,000 1,076,000 844,000 917,000 -1,161,000 1,145,000 1,215,000 738,000 677,000 -165,000 -2,637,000 -390,000 4,610,000 6,520,000 3,252,000
Income Tax Expense 300,000 432,000 148,000 302,000 221,000 130,000 133,000 1,227,000 282,000 274,000 -465,000 40,000 337,000 -3,000 406,000 -77,000 1,607,000 -285,000 1,349,000 1,921,000 1,061,000
Net Income 1,392,000 1,709,000 1,363,000 1,245,000 949,000 868,000 966,000 -155,000 560,000 610,000 1,299,000 1,099,000 881,000 1,158,000 633,000 -51,000 -4,244,000 -49,000 3,661,000 4,578,000 1,532,000
Net Income Margin 13.22% 17.13% 14.96% 15.24% 12.80% 11.01% 13.16% -2.43% 9.27% 10.71% 22.09% 12.64% 10.13% 14.12% 3.28% -0.23% -14.08% -0.13% 8.54% 12.43% 4.89%
EPS 8.34 10.23 8.14 7.36 5.55 5.21 5.62 -0.95 3.30 3.06 5.29 4.13 3.01 3.47 1.90 -0.16 -13.11 -0.15 10.50 12.95 4.38
EPS Diluted 8.09 9.93 7.93 7.17 5.42 4.94 5.62 -0.95 3.24 3.02 5.29 4.06 2.96 3.41 1.87 -0.16 -13.11 -0.15 10.22 12.67 4.38
Weighted Average Shares Out - 167,000 167,500 169,200 170,000 166,600 171,886 162,900 169,600 199,600 245,423 266,000 292,100 333,800 333,316 327,943 323,628 330,385 349,471 353,043 335,657
Weighted Average Shares Out Diluted - 172,100 171,900 173,600 174,100 175,600 172,000 162,900 173,100 201,800 245,600 270,500 297,400 339,700 338,117 327,943 323,628 330,385 357,742 361,000 353,143

Reported Currency: USD Q1 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31
Current Assets
Cash and Cash Equivalents 1,512,000 1,705,000 1,325,000 1,874,000 1,254,000 1,001,000 1,246,000 1,205,000 1,030,000 1,980,000 3,954,000 3,225,000 1,468,000 1,881,000 4,208,000 2,869,000 3,064,000 2,752,000 3,212,000 3,774,000 10,556,000
Short Term Investments 0 0 0 0 0 0 0 0 46,000 401,000 0 2,000 2,135,000 3,210,000 4,655,000 5,094,000 225,000 612,000 12,428,000 11,011,000 152,000
Cash + Short Term Investments 1,512,000 1,705,000 1,325,000 1,874,000 1,254,000 1,001,000 1,246,000 1,205,000 1,030,000 1,980,000 3,954,000 3,227,000 3,603,000 5,091,000 8,863,000 7,963,000 3,289,000 3,364,000 15,640,000 14,785,000 10,708,000
Net Receivables 2,719,000 2,884,000 2,633,000 2,491,000 2,323,000 2,458,000 2,305,000 1,523,000 1,372,000 1,362,000 1,409,000 1,920,000 1,881,000 1,866,000 3,268,000 3,495,000 3,493,000 7,279,000 7,509,000 7,378,000 4,492,000
Inventory 840,000 827,000 1,055,000 788,000 508,000 447,000 356,000 327,000 273,000 296,000 345,000 522,000 513,000 512,000 1,364,000 1,308,000 2,659,000 2,836,000 3,162,000 2,522,000 2,546,000
Other Current Assets 450,000 253,000 242,000 259,000 242,000 272,000 354,000 832,000 755,000 917,000 740,000 767,000 800,000 676,000 2,321,000 2,184,000 6,830,000 6,852,000 2,933,000 794,000 1,795,000
Total Current Assets 5,521,000 5,669,000 5,255,000 5,412,000 4,327,000 4,178,000 4,272,000 3,950,000 3,430,000 4,582,000 6,879,000 7,020,000 7,401,000 8,768,000 17,154,000 16,032,000 17,363,000 22,222,000 30,975,000 27,869,000 21,082,000
Non-Current Assets
Property, Plant and Equipment 1,491,000 1,459,000 1,412,000 1,424,000 1,490,000 1,546,000 895,000 856,000 789,000 487,000 549,000 810,000 839,000 896,000 1,729,000 2,154,000 2,442,000 2,480,000 2,267,000 2,271,000 2,332,000
Goodwill 3,410,000 3,401,000 3,312,000 2,565,000 2,219,000 2,067,000 1,514,000 938,000 728,000 420,000 383,000 1,509,000 1,510,000 1,428,000 2,825,000 2,823,000 2,837,000 4,499,000 0 0 0
Intangible Assets 1,232,000 1,255,000 1,342,000 1,105,000 1,234,000 1,327,000 1,230,000 861,000 821,000 49,000 23,000 87,000 109,000 0 679,000 0 0 1,624,000 0 2,053,000 0
Long Term Investments 141,000 277,000 147,000 209,000 158,000 159,000 169,000 247,000 238,000 268,000 316,000 251,000 144,000 166,000 380,000 525,000 517,000 837,000 895,000 1,654,000 3,241,000
Tax Assets 1,244,000 1,062,000 1,036,000 916,000 966,000 943,000 985,000 1,023,000 2,219,000 2,278,000 2,151,000 2,076,000 2,416,000 2,375,000 1,619,000 2,284,000 2,428,000 2,454,000 1,325,000 1,245,000 2,353,000
Other Non-Current Assets 287,000 213,000 310,000 558,000 482,000 422,000 344,000 333,000 1,021,000 352,000 145,000 185,000 369,000 296,000 1,870,000 1,785,000 2,282,000 696,000 4,026,000 557,000 5,122,000
Total Non-Current Assets 7,805,000 7,667,000 7,559,000 6,777,000 6,549,000 6,464,000 5,137,000 4,258,000 4,995,000 3,805,000 3,544,000 4,831,000 5,278,000 5,161,000 8,423,000 9,571,000 10,506,000 12,590,000 7,618,000 7,780,000 9,807,000
Other Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Assets 13,326,000 13,336,000 12,814,000 12,189,000 10,876,000 10,642,000 9,409,000 8,208,000 8,425,000 8,387,000 10,423,000 11,851,000 12,679,000 13,929,000 25,577,000 25,603,000 27,869,000 34,812,000 38,593,000 35,649,000 30,889,000
Current Liabilities
Accounts Payable 822,000 881,000 1,207,000 851,000 612,000 618,000 592,000 593,000 553,000 518,000 540,000 814,000 705,000 677,000 2,462,000 2,429,000 3,188,000 4,167,000 5,056,000 4,406,000 3,330,000
Short Term Debt 313,000 1,438,000 119,000 5,000 12,000 16,000 31,000 52,000 4,000 4,000 4,000 4,000 4,000 405,000 605,000 536,000 92,000 332,000 1,693,000 448,000 717,000
Tax Payables 325,000 231,000 367,000 183,000 147,000 95,000 111,000 107,000 111,000 48,000 91,000 95,000 95,000 126,000 293,000 0 0 0 0 0 0
Deferred Revenue 1,890,000 2,037,000 1,859,000 1,650,000 1,554,000 1,449,000 1,263,000 1,041,000 873,000 727,000 713,000 1,073,000 1,207,000 774,000 1,071,000 0 0 1,235,000 0 387,000 0
Other Current Liabilities 1,601,000 1,380,000 1,375,000 1,557,000 1,311,000 1,356,000 1,210,000 1,245,000 1,200,000 944,000 993,000 1,329,000 1,419,000 1,959,000 4,572,000 5,296,000 7,340,000 6,766,000 8,676,000 7,247,000 6,526,000
Total Current Liabilities 4,626,000 5,736,000 4,560,000 4,063,000 3,489,000 3,439,000 3,096,000 2,931,000 2,630,000 2,193,000 2,250,000 3,220,000 3,335,000 3,815,000 8,710,000 8,261,000 10,620,000 12,500,000 15,425,000 12,488,000 10,573,000
Non-Current Liabilities
Long Term Debt 5,994,000 4,705,000 6,432,000 6,001,000 5,565,000 5,610,000 5,289,000 4,419,000 4,392,000 4,386,000 3,396,000 2,457,000 1,859,000 1,130,000 2,194,000 3,365,000 4,092,000 3,991,000 2,704,000 3,806,000 4,578,000
Deferred Revenue 430,000 424,000 363,000 306,000 283,000 274,000 214,000 169,000 115,000 113,000 139,000 302,000 304,000 0 0 0 0 0 0 0 0
Deferred Tax 59,000 55,000 73,000 183,000 180,000 184,000 201,000 115,000 121,000 -113,000 -139,000 -302,000 -304,000 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 1,680,000 1,677,000 1,255,000 1,659,000 1,900,000 1,818,000 1,885,000 2,301,000 2,119,000 1,904,000 2,011,000 2,485,000 4,195,000 3,710,000 3,686,000 4,094,000 3,650,000 2,874,000 3,322,000 2,682,000 2,407,000
Total Non-Current Liabilities 8,163,000 6,861,000 8,123,000 8,149,000 7,928,000 7,886,000 7,589,000 7,004,000 6,747,000 6,290,000 5,407,000 4,942,000 6,054,000 4,840,000 5,880,000 7,459,000 7,742,000 6,865,000 6,026,000 6,488,000 6,985,000
Total Liabilities 12,789,000 12,597,000 12,683,000 12,212,000 11,417,000 11,325,000 10,685,000 9,935,000 9,377,000 8,483,000 7,657,000 8,162,000 9,389,000 8,655,000 14,590,000 15,720,000 18,362,000 19,365,000 21,451,000 18,976,000 17,558,000
Common Stock 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 3,000 3,000 3,000 3,000 23,000 6,831,000 6,792,000 7,197,000 7,508,000 7,343,000
Retained Earnings 1,399,000 1,640,000 1,343,000 1,350,000 1,127,000 1,239,000 1,051,000 467,000 1,148,000 1,716,000 3,410,000 2,425,000 1,625,000 1,016,000 4,460,000 3,827,000 3,878,000 8,579,000 9,086,000 5,897,000 1,722,000
Accumulated Other Comprehensive Income/Loss -2,553,000 -2,540,000 -2,535,000 -2,379,000 -2,446,000 -2,440,000 -2,765,000 -2,562,000 -2,317,000 -1,866,000 -1,855,000 -2,287,000 -3,300,000 -2,876,000 -2,222,000 -2,286,000 -2,205,000 -706,000 -1,650,000 -1,423,000 -55,000
Total Stockholders Equity 521,000 724,000 116,000 -40,000 -558,000 -700,000 -1,293,000 -1,742,000 -964,000 -106,000 2,735,000 3,659,000 3,265,000 5,214,000 10,885,000 9,775,000 9,507,000 15,447,000 17,142,000 16,673,000 13,331,000
Total Investments 141,000 277,000 147,000 209,000 158,000 159,000 169,000 247,000 284,000 669,000 316,000 253,000 2,279,000 3,376,000 5,035,000 5,619,000 742,000 1,449,000 1,119,000 1,798,000 3,393,000
Total Debt 6,754,000 6,550,000 6,551,000 6,006,000 5,577,000 5,626,000 5,320,000 4,471,000 4,396,000 4,390,000 3,400,000 2,461,000 1,863,000 1,535,000 2,799,000 3,901,000 4,184,000 4,323,000 4,397,000 4,254,000 5,295,000
Net Debt 5,242,000 4,845,000 5,226,000 4,132,000 4,323,000 4,625,000 4,074,000 3,266,000 3,366,000 2,410,000 -554,000 -764,000 395,000 -346,000 -1,409,000 1,032,000 1,120,000 1,571,000 1,185,000 480,000 -5,261,000

Reported Currency: USD TTM 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31
Cash Flows from Operating Activities
Net Income 1,394,000 1,709,000 1,367,000 1,250,000 953,000 871,000 969,000 -151,000 562,000 643,000 -696,000 1,105,000 878,000 741,000 271,000 -88,000 -4,244,000 -49,000 3,661,000 4,599,000 2,191,000
Depreciation & Amortization 367,000 417,000 440,000 438,000 409,000 394,000 360,000 343,000 295,000 150,000 173,000 228,000 208,000 366,000 572,000 751,000 831,000 903,000 558,000 613,000 659,000
Deferred Income Tax -312,000 -32,000 -334,000 34,000 -25,000 -84,000 9,000 1,100,000 213,000 160,000 -557,000 -231,000 242,000 63,000 346,000 50,000 1,698,000 -747,000 838,000 1,000,000 456,000
Stock Based Compensation 213,000 212,000 172,000 129,000 129,000 118,000 73,000 66,000 68,000 78,000 94,000 153,000 184,000 168,000 273,000 296,000 0 0 0 0 0
Change in Working Capital -107,000 -244,000 -329,000 -34,000 102,000 89,000 -370,000 -89,000 -61,000 61,000 -1,593,000 -259,000 -422,000 -584,000 184,000 -263,000 -757,000 256,000 -1,442,000 45,000 69,000
Accounts Receivable -246,000 -180,000 -112,000 3,000 90,000 -79,000 62,000 -60,000 32,000 21,000 -62,000 -66,000 81,000 -250,000 -311,000 -10,000 1,891,000 2,538,000 -1,775,000 -539,000 -539,000
Inventory 219,000 200,000 -242,000 -284,000 -14,000 -74,000 71,000 -46,000 6,000 16,000 -5,000 -10,000 -3,000 -14,000 -267,000 1,349,000 -54,000 556,000 -718,000 23,000 -433,000
Accounts Payable 302,000 -144,000 451,000 578,000 -116,000 198,000 271,000 160,000 203,000 10,000 -120,000 -201,000 -162,000 -191,000 -2,412,000 -1,631,000 -1,631,000 -2,303,000 1,654,000 1,917,000 1,917,000
Other Working Capital -382,000 -120,000 -426,000 -331,000 142,000 44,000 -774,000 -143,000 -302,000 14,000 -1,406,000 18,000 -338,000 -129,000 3,174,000 29,000 -963,000 -535,000 -603,000 -1,356,000 -876,000
Other Non-Cash Items 904,000 -18,000 507,000 20,000 45,000 435,000 34,000 77,000 88,000 -87,000 1,989,000 -52,000 -20,000 120,000 321,000 -117,000 2,434,000 32,000 -392,000 -1,631,000 350,000
Net Cash Provided by Operating Activities 2,434,000 2,044,000 1,823,000 1,837,000 1,613,000 1,823,000 1,075,000 1,346,000 1,165,000 1,005,000 -590,000 944,000 1,070,000 874,000 1,967,000 629,000 242,000 710,000 3,499,000 4,605,000 3,066,000
Cash Flows from Investing Activities
Investments in Property, Plant, and Equipment -245,000 -253,000 -256,000 -243,000 -217,000 -248,000 -197,000 -227,000 -271,000 -175,000 -181,000 -191,000 -187,000 -186,000 -335,000 -275,000 -504,000 -527,000 -649,000 -583,000 -494,000
Acquisitions Net -21,000 -180,000 -1,177,000 -521,000 -287,000 -709,000 -1,164,000 -404,000 -1,474,000 -586,000 -47,000 -65,000 -109,000 1,091,000 106,000 265,000 133,000 -4,568,000 933,000 -312,000 -476,000
Purchases of Investments -87,000 -180,000 1,174,000 243,000 217,000 248,000 197,000 227,000 271,000 175,000 84,000 191,000 -38,000 1,514,000 -6,000 -922,000 -282,000 6,897,000 -1,417,000 -3,157,000 -13,000
Sales/Maturities of Investments 50,000 19,000 46,000 16,000 11,000 16,000 95,000 183,000 670,000 230,000 3,403,000 2,200,000 1,037,000 1,515,000 452,000 223,000 1,334,000 7,308,000 1,960,000 1,565,000 682,000
Other Investing Activities -70,000 180,000 -1,174,000 -237,000 -161,000 -241,000 -197,000 -227,000 -198,000 -172,000 -144,000 -125,000 94,000 -1,516,000 -29,000 41,000 113,000 -6,731,000 -1,875,000 103,000 138,000
Net Cash Used for Investing Activities -408,000 -414,000 -1,387,000 -742,000 -437,000 -934,000 -1,266,000 -448,000 -1,002,000 -528,000 3,115,000 2,010,000 797,000 2,418,000 188,000 -668,000 794,000 2,379,000 -1,048,000 -2,384,000 -163,000
Cash Flows from Financing Activities
Debt Repayment -307,000 -1,000 -285,000 -353,000 -1,714,000 -2,365,000 -892,000 -21,000 -686,000 -4,000 -465,000 -4,000 -413,000 -1,219,000 -1,016,000 -218,000 -50,000 -242,000 -66,000 -19,000 0
Common Stock Issued 73,000 104,000 156,000 102,000 108,000 114,000 168,000 82,000 93,000 100,000 135,000 165,000 133,000 192,000 179,000 116,000 145,000 440,000 918,000 1,199,000 1,680,000
Common Stock Repurchased -703,000 -804,000 -836,000 -528,000 -612,000 -315,000 -132,000 -483,000 -842,000 -3,177,000 -2,546,000 -1,694,000 -2,438,000 -1,110,000 -269,000 -138,000 -138,000 -3,035,000 -3,826,000 -874,000 0
Dividends Paid -604,000 -589,000 -530,000 -482,000 -436,000 -379,000 -337,000 -307,000 -280,000 -277,000 -318,000 -292,000 -270,000 -72,000 0 -114,000 -453,000 -468,000 -443,000 -394,000 -378,000
Other Financing Activities 19,000 -5,000 589,000 832,000 1,688,000 1,801,000 1,413,000 7,000 673,000 976,000 1,483,000 618,000 694,000 -3,383,000 369,000 144,000 -149,000 79,000 256,000 -1,102,000 -1,539,000
Net Cash Used Provided by Financing Activities -1,544,000 -1,295,000 -906,000 -429,000 -966,000 -1,144,000 220,000 -722,000 -1,042,000 -2,382,000 -1,711,000 -1,207,000 -2,294,000 -5,592,000 -851,000 -210,000 -645,000 -3,226,000 -3,161,000 -1,190,000 -237,000
Effect of Forex Changes on Cash 8,000 45,000 -79,000 -46,000 43,000 -1,000 -40,000 62,000 -71,000 -69,000 -85,000 10,000 14,000 -27,000 27,000 54,000 -79,000 73,000 148,000 -103,000 100,000
Net Change in Cash 490,000 380,000 -549,000 620,000 253,000 -256,000 -11,000 238,000 -950,000 -1,974,000 729,000 1,757,000 -413,000 -2,327,000 1,339,000 -195,000 312,000 -64,000 -562,000 928,000 2,766,000
Cash at End of Period 4,837,000 1,705,000 1,325,000 1,874,000 1,254,000 1,001,000 1,257,000 1,268,000 1,030,000 1,980,000 3,954,000 3,225,000 1,468,000 1,881,000 4,208,000 2,869,000 3,064,000 2,752,000 3,212,000 3,774,000 10,556,000
Cash at Start of Period 4,347,000 1,325,000 1,874,000 1,254,000 1,001,000 1,257,000 1,268,000 1,030,000 1,980,000 3,954,000 3,225,000 1,468,000 1,881,000 4,208,000 2,869,000 3,064,000 2,752,000 2,816,000 3,774,000 2,846,000 7,790,000
Free Cash Flow
Operating Cash Flow 2,434,000 2,044,000 1,823,000 1,837,000 1,613,000 1,823,000 1,075,000 1,346,000 1,165,000 1,005,000 -590,000 944,000 1,070,000 874,000 1,967,000 629,000 242,000 710,000 3,499,000 4,605,000 3,066,000
Capital Expenditure -245,000 -253,000 -256,000 -243,000 -217,000 -248,000 -197,000 -227,000 -271,000 -175,000 -181,000 -191,000 -187,000 -186,000 -335,000 -275,000 -504,000 -527,000 -649,000 -583,000 -494,000
Free Cash Flow 2,189,000 1,791,000 1,567,000 1,594,000 1,396,000 1,575,000 878,000 1,119,000 894,000 830,000 -771,000 753,000 883,000 688,000 1,632,000 354,000 -262,000 183,000 2,850,000 4,022,000 2,572,000