ZBRA FY 2009 Earnings Report — Zebra Technologies Corporation Revenue & Financial Results | Market Cap Arena

Zebra Technologies CorporationZBRA

FY 2009 Earnings

Reported February 23, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$804M	—	$977M	—	-17.7%
Op. Income	$69M	—	-$15M	—	548.3%
Gross Margin	44.9%	—	49.1%	—	-4.2pp
Net Margin	5.9%	—	-3.9%	—	9.8pp
EPS (Diluted)	$0.79	—	$-0.60	—	231.7%
Free Cash Flow	$80M	—	$83M	—	-3.1%

Revenue Flow

Item	Amount
REVENUE	$804M
Cost of Revenue	$443M
GROSS PROFIT	$361M
R&D Expenses	$85M
Selling & Marketing	$100M
General & Administrative	$85M
SG&A Expenses	$185M
Other Expenses	$22M
Operating Expenses	$292M
Cost & Expenses	$735M
OPERATING INCOME	$69M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$2M
INCOME BEFORE TAX	$71M
Income Tax Expense	$23M
Net Income from Continuing Ops	$47M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$47M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$47M
D&A	$33M
EBIT	$80M
EBITDA	$113M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$804M
Cost of Revenue	$443M
GROSS PROFIT	$361M
R&D Expenses	$85M
Selling & Marketing	$100M
General & Administrative	$85M
SG&A Expenses	$185M
Other Expenses	$22M
Operating Expenses	$292M
Cost & Expenses	$735M
OPERATING INCOME	$69M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$2M
INCOME BEFORE TAX	$71M
Income Tax Expense	$23M
Net Income from Continuing Ops	$47M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$47M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$47M
D&A	$33M
EBIT	$80M
EBITDA	$113M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$47M
Depreciation & Amortization	$33M
Stock-Based Compensation	$11M
Deferred Income Tax	$16M
Other Non-Cash Items	$701.0K
Change in Working Capital	-$3M
OPERATING CASH FLOW	$106M
Capital Expenditure	-$25M
Acquisitions (Net)	$425.0K
Purchases of Investments	-$329M
Sales/Maturities of Investments	$314M
Other Investing Activities	-$425.0K
NET CASH FROM INVESTING	-$41M
Net Debt Issuance	$0
Common Stock Repurchased	-$65M
Common Dividends Paid	$0
Other Financing Activities	$5M
NET CASH FROM FINANCING	-$60M
FREE CASH FLOW	$80M
Net Change in Cash	$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$39M
Short-Term Investments	$114M
Net Receivables	$156M
Inventory	$80M
Other Current Assets	$13M
TOTAL CURRENT ASSETS	$411M
PP&E (Net)	$78M
Goodwill	$153M
Intangible Assets	$56M
Long-Term Investments	$92M
Tax Assets	$36M
Other Non-Current Assets	$5M
TOTAL NON-CURRENT ASSETS	$420M
TOTAL ASSETS	$830M
Account Payables	$28M
Short-Term Debt	$0
Deferred Revenue	$24M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$105M
Long-Term Debt	$0
Deferred Revenue NC	$4M
Deferred Tax Liabilities	$36M
Other Non-Current Liabilities	$9M
TOTAL NON-CURRENT LIABILITIES	$14M
TOTAL LIABILITIES	$118M
Common Stock	$722.0K
Additional Paid-In Capital	$136M
Retained Earnings	$969M
Treasury Stock	-$386M
Accum. Other Comp. Income	-$8M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$712M
Minority Interest	$0
TOTAL EQUITY	$712M
TOTAL LIABILITIES & EQUITY	$830M
Total Debt	$0
Net Debt	-$39M