ZBRA FY 2010 Earnings Report — Zebra Technologies Corporation Revenue & Financial Results | Market Cap Arena

Zebra Technologies CorporationZBRA

FY 2010 Earnings

Reported February 24, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$894M	—	$804M	—	11.3%
Op. Income	$148M	—	$69M	—	115.4%
Gross Margin	47.0%	—	44.9%	—	2.2pp
Net Margin	11.4%	—	5.9%	—	5.5pp
EPS (Diluted)	$1.77	—	$0.79	—	124.1%
Free Cash Flow	$106M	—	$80M	—	32.2%

Revenue Flow

Item	Amount
REVENUE	$894M
Cost of Revenue	$474M
GROSS PROFIT	$421M
R&D Expenses	$102M
Selling & Marketing	$123M
General & Administrative	$80M
SG&A Expenses	$202M
Other Expenses	$4M
Operating Expenses	$273M
Cost & Expenses	$746M
OPERATING INCOME	$148M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$1M
INCOME BEFORE TAX	$150M
Income Tax Expense	$45M
Net Income from Continuing Ops	$105M
Net Income from Discontinued Ops	-$3M
Other Adjustments	$0
NET INCOME	$102M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$102M
D&A	$31M
EBIT	$149M
EBITDA	$181M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$894M
Cost of Revenue	$474M
GROSS PROFIT	$421M
R&D Expenses	$102M
Selling & Marketing	$123M
General & Administrative	$80M
SG&A Expenses	$202M
Other Expenses	$4M
Operating Expenses	$273M
Cost & Expenses	$746M
OPERATING INCOME	$148M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$1M
INCOME BEFORE TAX	$150M
Income Tax Expense	$45M
Net Income from Continuing Ops	$105M
Net Income from Discontinued Ops	-$3M
Other Adjustments	$0
NET INCOME	$102M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$102M
D&A	$31M
EBIT	$149M
EBITDA	$181M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$102M
Depreciation & Amortization	$31M
Stock-Based Compensation	$12M
Deferred Income Tax	$6M
Other Non-Cash Items	-$302.0K
Change in Working Capital	-$10M
OPERATING CASH FLOW	$140M
Capital Expenditure	-$34M
Acquisitions (Net)	$3M
Purchases of Investments	-$382M
Sales/Maturities of Investments	$377M
Other Investing Activities	-$3M
NET CASH FROM INVESTING	-$40M
Net Debt Issuance	$0
Common Stock Repurchased	-$102M
Common Dividends Paid	$0
Other Financing Activities	$9M
NET CASH FROM FINANCING	-$93M
FREE CASH FLOW	$106M
Net Change in Cash	$9M

Balance Sheet

Item	Amount
Cash & Equivalents	$47M
Short-Term Investments	$126M
Net Receivables	$154M
Inventory	$114M
Other Current Assets	$21M
TOTAL CURRENT ASSETS	$477M
PP&E (Net)	$89M
Goodwill	$152M
Intangible Assets	$50M
Long-Term Investments	$85M
Tax Assets	$21M
Other Non-Current Assets	$5M
TOTAL NON-CURRENT ASSETS	$402M
TOTAL ASSETS	$879M
Account Payables	$35M
Short-Term Debt	$0
Deferred Revenue	$27M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$136M
Long-Term Debt	$0
Deferred Revenue NC	$2M
Deferred Tax Liabilities	$21M
Other Non-Current Liabilities	$10M
TOTAL NON-CURRENT LIABILITIES	$13M
TOTAL LIABILITIES	$149M
Common Stock	$722.0K
Additional Paid-In Capital	$130M
Retained Earnings	$1.1B
Treasury Stock	-$462M
Accum. Other Comp. Income	-$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$730M
Minority Interest	$0
TOTAL EQUITY	$730M
TOTAL LIABILITIES & EQUITY	$879M
Total Debt	$0
Net Debt	-$47M