Motorola Solutions, Inc. Annual Report, Year Ended Dec 31, 2012

Motorola Solutions, Inc. reported solid financial performance in 2012, with net sales increasing by 6% to $8.7 billion, driven primarily by a 12% growth in its Government segment, which accounted for 69% of total sales. The Enterprise segment experienced a 5% decline in net sales. The company's operating earnings saw a significant increase of over 46%, reaching $1.3 billion, with an improved operating margin of 14.4% compared to 10.5% in the prior year. This growth was supported by strong demand for public safety communication systems and the continued transition to digital products. The company demonstrated strong cash flow generation, with $1.1 billion from operating activities. Motorola Solutions actively returned capital to shareholders, repurchasing $2.4 billion worth of shares and paying $270 million in dividends. Looking ahead, Motorola Solutions expressed confidence in its business fundamentals, citing continued investment in R&D for next-generation public safety solutions, including LTE systems, and a broad product portfolio as key drivers for future growth. Despite the challenging macro environment impacting the Enterprise segment, the company remains focused on innovation and disciplined cost management.