Motorola 2011 Annual Report Download - page 4

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• We invested more than $1 billion in research and development, which has yielded cutting-edge innovations such
as public safety broadband devices for government customers and our rugged ET1 tablet for enterprise customers.
• In response to our customers, we expanded our professional, integration, support and managed services so our
customers can focus on their core mission.
• The value of our stock grew by approximately 24 percent* in 2011.
We reported record sales and operating earnings for both Q4 2011 and the full year of 2011. We grew operating
earnings fi ve times revenue in Q4 and three times revenue for the full year. We expanded operating cash fl ow during
the year while making an incremental $250 million contribution to the U.S. pension plan in addition to the planned
$230 million contribution. And we ended the year with a total cash balance of $5.1 billion.
As a shareholder, you can be confi dent of our focus on driving profi table growth, leveraging our distinctive assets and
continuing to develop and grow our people.
Our foundation is set. Our focus is sharp. Our purpose is clear … and our journey as Motorola Solutions continues.
Gregory Q. Brown
Chairman and Chief Executive Offi cer
*Based on the opening price of our stock on Jan. 4, 2011 through closing on Dec. 31, 2011.