ZBRA FY 2006 Earnings Report — Zebra Technologies Corporation Revenue & Financial Results | Market Cap Arena

Zebra Technologies CorporationZBRA

FY 2006 Earnings

Reported March 1, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$760M	—	—	—	—
Op. Income	$80M	—	—	—	—
Gross Margin	47.2%	—	—	—	—
Net Margin	9.3%	—	—	—	—
EPS (Diluted)	$1.00	—	—	—	—
Free Cash Flow	$51M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$760M
Cost of Revenue	$401M
GROSS PROFIT	$358M
R&D Expenses	$49M
Selling & Marketing	$97M
General & Administrative	$63M
SG&A Expenses	$159M
Other Expenses	$70M
Operating Expenses	$278M
Cost & Expenses	$679M
OPERATING INCOME	$80M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$21M
INCOME BEFORE TAX	$102M
Income Tax Expense	$32M
Net Income from Continuing Ops	$70M
Net Income from Discontinued Ops	$0
Other Adjustments	$1M
NET INCOME	$71M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$71M
D&A	$16M
EBIT	$80M
EBITDA	$97M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$760M
Cost of Revenue	$401M
GROSS PROFIT	$358M
R&D Expenses	$49M
Selling & Marketing	$97M
General & Administrative	$63M
SG&A Expenses	$159M
Other Expenses	$70M
Operating Expenses	$278M
Cost & Expenses	$679M
OPERATING INCOME	$80M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$21M
INCOME BEFORE TAX	$102M
Income Tax Expense	$32M
Net Income from Continuing Ops	$70M
Net Income from Discontinued Ops	$0
Other Adjustments	$1M
NET INCOME	$71M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$71M
D&A	$16M
EBIT	$80M
EBITDA	$97M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$71M
Depreciation & Amortization	$16M
Stock-Based Compensation	$8M
Deferred Income Tax	-$7M
Other Non-Cash Items	$9M
Change in Working Capital	-$9M
OPERATING CASH FLOW	$88M
Capital Expenditure	-$37M
Acquisitions (Net)	-$3M
Purchases of Investments	-$1.1B
Sales/Maturities of Investments	$1.1B
Other Investing Activities	-$18M
NET CASH FROM INVESTING	-$19M
Net Debt Issuance	$0
Common Stock Repurchased	-$68M
Common Dividends Paid	$0
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$56M
FREE CASH FLOW	$51M
Net Change in Cash	$15M

Balance Sheet

Item	Amount
Cash & Equivalents	$41M
Short-Term Investments	$220M
Net Receivables	$123M
Inventory	$81M
Other Current Assets	$9M
TOTAL CURRENT ASSETS	$480M
PP&E (Net)	$57M
Goodwill	$71M
Intangible Assets	$34M
Long-Term Investments	$298M
Tax Assets	$12M
Other Non-Current Assets	$11M
TOTAL NON-CURRENT ASSETS	$483M
TOTAL ASSETS	$963M
Account Payables	$29M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$3M
TOTAL CURRENT LIABILITIES	$75M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$12M
Other Non-Current Liabilities	$11M
TOTAL NON-CURRENT LIABILITIES	$11M
TOTAL LIABILITIES	$85M
Common Stock	$722.0K
Additional Paid-In Capital	$139M
Retained Earnings	$850M
Treasury Stock	-$119M
Accum. Other Comp. Income	$7M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$878M
Minority Interest	$0
TOTAL EQUITY	$878M
TOTAL LIABILITIES & EQUITY	$963M
Total Debt	$0
Net Debt	-$41M