Motorola Solutions (MSI) 8-K Results of Operations and Financial Condition

Exhibit 99.1

Motorola Solutions, Inc. and Subsidiaries

Pro Forma Consolidated Statements of Cash Flows

(Unaudited)

(In millions)

	Three Months Ended												Year Ended
	April 3, 2010			July 3, 2010			October 2, 2010			December 31, 2010			December 31, 2010
Operating
Net earnings attributable to Motorola Solutions, Inc.	$	69		$	162		$	110		$	292		$	633
Earnings (loss) attributable to the noncontrolling interests		(1	)		4			2			12			17
Net earnings		68			166			112			304			650
Earnings (loss) from discontinued operations, net of tax		(28	)		159			118			125			374
Earnings (loss) from continuing operations		96			7			(6	)		179			276
Adjustments to reconcile loss from continuing operations to net cash provided by operating activities:
Depreciation and amortization		87			85			85			85			342
Non-cash other income		(32	)		(7	)		(22	)		(13	)		(74	)
Share-based compensation expense		33			36			39			36			144
Gains on sales of investments and businesses, net		(7	)		(31	)		(5	)		(6	)		(49	)
Loss from the extinguishment of long-term debt		—			12			—			—			12
Deferred income taxes, including change in valuation allowance		18			237			143			(14	)		384
Changes in assets and liabilities, net of effects of acquisitions and dispositions:
Accounts receivable		195			(227	)		(48	)		(3	)		(83	)
Inventories		(15	)		(21	)		(54	)		(21	)		(111	)
Other current assets		(70	)		80			(63	)		5			(48	)
Accounts payable and accrued liabilities		(197	)		53			326			151			333
Other assets and liabilities		(49	)		(121	)		(72	)		(66	)		(308	)
Net cash provided by operating activities		59			103			323			333			818
Investing
Acquisitions and investments, net		(3	)		(3	)		(1	)		(16	)		(23	)
Proceeds from sales (purchases) of investments and businesses, net		18			221			(1	)		26			264
Capital expenditures		(37	)		(37	)		(37	)		(81	)		(192	)
Proceeds from sales of property, plant and equipment		27			—			—			—			27
Proceeds from sales (purchases) of Sigma Fund investments, net		(116	)		(132	)		278			423			453
Proceeds from sales (purchases) of short-term investments, net		(4	)		(19	)		17			—			(6	)
Net cash provided by (used for) investing activities		(115	)		30			256			352			523
Financing
Repayment of short-term borrowings, net		(4	)		(1	)		—			—			(5	)
Repayment of debt		(1	)		(480	)		(3	)		(527	)		(1,011	)
Issuance of common stock		63			5			84			27			179
Distribution from discontinued operations		398			133			99			152			782
Net cash provided by (used for) financing activities		456			(343	)		180			(348	)		(55	)
Discontinued Operations
Net cash provided by operating activities from discontinued operations		424			143			266			321			1,154
Net cash used for investing activities from discontinued operations		(49	)		(39	)		(72	)		(183	)		(343	)
Net cash used for financing activities from discontinued operations		(398	)		(133	)		(99	)		(152	)		(782	)
Effect of exchange rate changes on cash and cash equivalents from discontinued operations		23			29			(95	)		14			(29	)
Net cash provided by (used for) discontinued operations		—			—			—			—			—
Effect of exchange rate changes on cash and cash equivalents		(81	)		(85	)		196			23			53
Net increase (decrease) in cash and cash equivalents		319			(295	)		955			360			1,339
Cash and cash equivalents, beginning of period		2,869			3,188			2,893			3,848			2,869
Cash and cash equivalents, end of period	$	3,188		$	2,893		$	3,848		$	4,208		$	4,208

Motorola Solutions, Inc. and Subsidiaries

Pro Forma Consolidated Statements of Cash Flows

(Unaudited)

(In millions)

	Year Ended
	December 31, 2009			December 31, 2008
Operating
Net loss attributable to Motorola Solutions, Inc.	$	(51	)	$	(4,244	)
Earnings attributable to the noncontrolling interests		23			4
Net loss		(28	)		(4,240	)
Loss from discontinued operations, net of tax		(500	)		(762	)
Earnings (loss) from continuing operations		472			(3,478	)
Adjustments to reconcile loss from continuing operations to net cash provided by operating activities:
Depreciation and amortization		388			403
Non-cash other charges (income)		(72	)		2,280
Share-based compensation expense		137			130
Gains on sales of investments and businesses, net		(108	)		(64	)
Loss from the extinguishment of long-term debt		(67	)		(14	)
Deferred income taxes, including change in valuation allowance		47			2,573
Changes in assets and liabilities, net of effects of acquisitions and dispositions:
Accounts receivable		102			13
Inventories		111			(64	)
Other current assets		276			(40	)
Accounts payable and accrued liabilities		(621	)		(222	)
Other assets and liabilities		(11	)		(633	)
Net cash provided by operating activities		654			884
Investing
Acquisitions and investments, net		(17	)		(208	)
Proceeds from sales of investments and businesses, net		357			113
Capital expenditures		(136	)		(257	)
Proceeds from sales of property, plant and equipment		1			119
Proceeds from sales (purchases) of Sigma Fund investments, net		(922	)		853
Proceeds from sales of short-term investments, net		186			424
Net cash provided by (used for) investing activities		(531	)		1,044
Financing
Repayment of short-term borrowings, net		(86	)		(50	)
Repayment of debt		(132	)		(225	)
Issuance of common stock		116			145
Repurchase of common stock		—			(138	)
Proceeds from settlements of financial instruments		—			158
Payment of dividends		(114	)		(453	)
Distribution to discontinued operations		(94	)		(838	)
Other, net		6			8
Net cash used for financing activities		(304	)		(1,393	)
Discontinued Operations
Net cash used for operating activities from discontinued operations		(25	)		(658	)
Net cash used for investing activities from discontinued operations		(137	)		(324	)
Net cash provided by financing activities from discontinued operations		94			838
Effect of exchange rate changes on cash and cash equivalents from discontinued operations		68			144
Net cash provided by (used for) discontinued operations		—			—
Effect of exchange rate changes on cash and cash equivalents		(14	)		(223	)
Net increase (decrease) in cash and cash equivalents		(195	)		312
Cash and cash equivalents, beginning of period		3,064			2,752
Cash and cash equivalents, end of period	$	2,869		$	3,064