ZBRA FY 2007 Earnings Report — Zebra Technologies Corporation Revenue & Financial Results | Market Cap Arena

Zebra Technologies CorporationZBRA

FY 2007 Earnings

Reported February 29, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$868M	—	$760M	—	14.3%
Op. Income	$143M	—	$80M	—	78.0%
Gross Margin	48.0%	—	47.2%	—	0.8pp
Net Margin	12.7%	—	9.3%	—	3.3pp
EPS (Diluted)	$1.60	—	$1.00	—	60.0%
Free Cash Flow	$131M	—	$51M	—	157.5%

Revenue Flow

Item	Amount
REVENUE	$868M
Cost of Revenue	$451M
GROSS PROFIT	$417M
R&D Expenses	$58M
Selling & Marketing	$122M
General & Administrative	$81M
SG&A Expenses	$203M
Other Expenses	$13M
Operating Expenses	$274M
Cost & Expenses	$725M
OPERATING INCOME	$143M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$24M
INCOME BEFORE TAX	$167M
Income Tax Expense	$57M
Net Income from Continuing Ops	$110M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$110M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$110M
D&A	$27M
EBIT	$145M
EBITDA	$172M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$868M
Cost of Revenue	$451M
GROSS PROFIT	$417M
R&D Expenses	$58M
Selling & Marketing	$122M
General & Administrative	$81M
SG&A Expenses	$203M
Other Expenses	$13M
Operating Expenses	$274M
Cost & Expenses	$725M
OPERATING INCOME	$143M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$24M
INCOME BEFORE TAX	$167M
Income Tax Expense	$57M
Net Income from Continuing Ops	$110M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$110M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$110M
D&A	$27M
EBIT	$145M
EBITDA	$172M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$110M
Depreciation & Amortization	$27M
Stock-Based Compensation	$15M
Deferred Income Tax	-$5M
Other Non-Cash Items	$932.0K
Change in Working Capital	$11M
OPERATING CASH FLOW	$158M
Capital Expenditure	-$27M
Acquisitions (Net)	-$287M
Purchases of Investments	-$1.0B
Sales/Maturities of Investments	$1.3B
Other Investing Activities	-$27M
NET CASH FROM INVESTING	-$57M
Net Debt Issuance	$0
Common Stock Repurchased	-$112M
Common Dividends Paid	$0
Other Financing Activities	$921.0K
NET CASH FROM FINANCING	-$103M
FREE CASH FLOW	$131M
Net Change in Cash	-$1M

Balance Sheet

Item	Amount
Cash & Equivalents	$38M
Short-Term Investments	$98M
Net Receivables	$151M
Inventory	$85M
Other Current Assets	$17M
TOTAL CURRENT ASSETS	$421M
PP&E (Net)	$68M
Goodwill	$247M
Intangible Assets	$119M
Long-Term Investments	$142M
Tax Assets	$28M
Other Non-Current Assets	$9M
TOTAL NON-CURRENT ASSETS	$613M
TOTAL ASSETS	$1.0B
Account Payables	$42M
Short-Term Debt	$0
Deferred Revenue	$10M
Other Current Liabilities	$751.0K
TOTAL CURRENT LIABILITIES	$122M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$28M
Other Non-Current Liabilities	$9M
TOTAL NON-CURRENT LIABILITIES	$9M
TOTAL LIABILITIES	$132M
Common Stock	$722.0K
Additional Paid-In Capital	$142M
Retained Earnings	$961M
Treasury Stock	-$205M
Accum. Other Comp. Income	$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$903M
Minority Interest	$0
TOTAL EQUITY	$903M
TOTAL LIABILITIES & EQUITY	$1.0B
Total Debt	$0
Net Debt	-$38M