ZBRA FY 2012 Earnings Report — Zebra Technologies Corporation Revenue & Financial Results | Market Cap Arena

Zebra Technologies CorporationZBRA

FY 2012 Earnings

Reported February 21, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$996M	—	$983M	—	1.3%
Op. Income	$164M	—	$182M	—	-9.7%
Gross Margin	49.4%	—	49.5%	—	-0.1pp
Net Margin	12.3%	—	17.8%	—	-5.4pp
EPS (Diluted)	$2.37	—	$3.22	—	-26.4%
Free Cash Flow	$157M	—	$51M	—	205.8%

Revenue Flow

Item	Amount
REVENUE	$996M
Cost of Revenue	$505M
GROSS PROFIT	$492M
R&D Expenses	$87M
Selling & Marketing	$130M
General & Administrative	$92M
SG&A Expenses	$222M
Other Expenses	$18M
Operating Expenses	$327M
Cost & Expenses	$832M
OPERATING INCOME	$164M
Interest Income	$0
Interest Expense	$207.0K
Other Income/Expenses	-$177.0K
INCOME BEFORE TAX	$164M
Income Tax Expense	$42M
Net Income from Continuing Ops	$122M
Net Income from Discontinued Ops	$1M
Other Adjustments	$0
NET INCOME	$123M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$123M
D&A	$26M
EBIT	$164M
EBITDA	$191M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$996M
Cost of Revenue	$505M
GROSS PROFIT	$492M
R&D Expenses	$87M
Selling & Marketing	$130M
General & Administrative	$92M
SG&A Expenses	$222M
Other Expenses	$18M
Operating Expenses	$327M
Cost & Expenses	$832M
OPERATING INCOME	$164M
Interest Income	$0
Interest Expense	$207.0K
Other Income/Expenses	-$177.0K
INCOME BEFORE TAX	$164M
Income Tax Expense	$42M
Net Income from Continuing Ops	$122M
Net Income from Discontinued Ops	$1M
Other Adjustments	$0
NET INCOME	$123M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$123M
D&A	$26M
EBIT	$164M
EBITDA	$191M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$123M
Depreciation & Amortization	$26M
Stock-Based Compensation	$15M
Deferred Income Tax	$8M
Other Non-Cash Items	$7M
Change in Working Capital	$5M
OPERATING CASH FLOW	$183M
Capital Expenditure	-$26M
Acquisitions (Net)	-$32M
Purchases of Investments	-$357M
Sales/Maturities of Investments	$309M
Other Investing Activities	-$83M
NET CASH FROM INVESTING	-$106M
Net Debt Issuance	$0
Common Stock Repurchased	-$54M
Common Dividends Paid	$0
Other Financing Activities	$5M
NET CASH FROM FINANCING	-$49M
FREE CASH FLOW	$157M
Net Change in Cash	$28M

Balance Sheet

Item	Amount
Cash & Equivalents	$65M
Short-Term Investments	$324M
Net Receivables	$169M
Inventory	$123M
Other Current Assets	$30M
TOTAL CURRENT ASSETS	$711M
PP&E (Net)	$101M
Goodwill	$95M
Intangible Assets	$39M
Long-Term Investments	$14M
Tax Assets	$0
Other Non-Current Assets	-$250M
TOTAL NON-CURRENT ASSETS	$250M
TOTAL ASSETS	$968M
Account Payables	$23M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$72M
TOTAL CURRENT LIABILITIES	$95M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$0
TOTAL LIABILITIES	$111M
Common Stock	$722.0K
Additional Paid-In Capital	$140M
Retained Earnings	$1.4B
Treasury Stock	-$641M
Accum. Other Comp. Income	$0
Other Equity	-$512M
TOTAL STOCKHOLDERS' EQUITY	$857M
Minority Interest	$0
TOTAL EQUITY	$857M
TOTAL LIABILITIES & EQUITY	$0
Total Debt	$0
Net Debt	$0