Summary
This Form 8-K filed by Motorola Solutions, Inc. (MSI) on April 14, 2011, primarily provides an update on the company's post-separation financial reporting following the spin-off of Motorola Mobility Holdings, Inc. Investors should note that Motorola Mobility's historical financial results will now be classified as discontinued operations starting from the first quarter of 2011. The filing also details a significant realignment of Motorola Solutions' reporting segments. The company will now report under two distinct product segments: 'Government,' which includes two-way radios and private network equipment, and 'Enterprise,' encompassing mobile computing devices, scanning solutions, and RFID data capture. This revised segmentation, along with pro forma consolidated cash flow statements, is intended to aid investors in comparing historical financial information with future performance.
Key Highlights
- 1Motorola Solutions is providing updated pro forma financial information to reflect the spin-off of Motorola Mobility.
- 2Historical results of Motorola Mobility will be reported as discontinued operations effective Q1 2011.
- 3The company is realigning its reporting segments into two primary categories: Government and Enterprise.
- 4The Government segment includes analog and digital two-way radios and private network equipment.
- 5The Enterprise segment covers mobile computing devices, scanning devices, wireless broadband systems, and RFID data capture solutions.
- 6Revised segment information for fiscal years 2010, 2009, and 2008 is being provided.
- 7Unaudited pro forma consolidated statements of cash flows for the years 2010, 2009, and 2008 are furnished as Exhibit 99.1.