ZBRA FY 2017 Earnings Report — Zebra Technologies Corporation Revenue & Financial Results | Market Cap Arena

Zebra Technologies CorporationZBRA

FY 2017 Earnings

Reported February 22, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$3.7B	—	$3.6B	—	4.1%
Op. Income	$322M	—	$80M	—	302.5%
Gross Margin	45.9%	—	45.9%	—	0.0pp
Net Margin	0.5%	—	-3.8%	—	4.3pp
EPS (Diluted)	$0.32	—	$-2.66	—	112.0%
Free Cash Flow	$428M	—	$295M	—	45.1%

Revenue Flow

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$2.0B
GROSS PROFIT	$1.7B
R&D Expenses	$389M
Selling & Marketing	$448M
General & Administrative	$301M
SG&A Expenses	$749M
Other Expenses	$250M
Operating Expenses	$1.4B
Cost & Expenses	$3.4B
OPERATING INCOME	$322M
Interest Income	$0
Interest Expense	$227M
Other Income/Expenses	-$234M
INCOME BEFORE TAX	$88M
Income Tax Expense	$71M
Net Income from Continuing Ops	$17M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$17M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$17M
D&A	$263M
EBIT	$315M
EBITDA	$578M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$2.0B
GROSS PROFIT	$1.7B
R&D Expenses	$389M
Selling & Marketing	$448M
General & Administrative	$301M
SG&A Expenses	$749M
Other Expenses	$250M
Operating Expenses	$1.4B
Cost & Expenses	$3.4B
OPERATING INCOME	$322M
Interest Income	$0
Interest Expense	$227M
Other Income/Expenses	-$234M
INCOME BEFORE TAX	$88M
Income Tax Expense	$71M
Net Income from Continuing Ops	$17M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$17M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$17M
D&A	$263M
EBIT	$315M
EBITDA	$578M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$17M
Depreciation & Amortization	$263M
Stock-Based Compensation	$35M
Deferred Income Tax	-$9M
Other Non-Cash Items	$106M
Change in Working Capital	$66M
OPERATING CASH FLOW	$478M
Capital Expenditure	-$50M
Acquisitions (Net)	$0
Purchases of Investments	-$1M
Sales/Maturities of Investments	$0
Other Investing Activities	-$1M
NET CASH FROM INVESTING	-$51M
Net Debt Issuance	-$524M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$7M
NET CASH FROM FINANCING	-$517M
FREE CASH FLOW	$428M
Net Change in Cash	-$94M

Balance Sheet

Item	Amount
Cash & Equivalents	$62M
Short-Term Investments	$0
Net Receivables	$519M
Inventory	$458M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$264M
Goodwill	$2.5B
Intangible Assets	$299M
Long-Term Investments	$25M
Tax Assets	$119M
Other Non-Current Assets	$40M
TOTAL NON-CURRENT ASSETS	$3.2B
TOTAL ASSETS	$4.3B
Account Payables	$383M
Short-Term Debt	$51M
Deferred Revenue	$186M
Other Current Liabilities	$145M
TOTAL CURRENT LIABILITIES	$1.0B
Long-Term Debt	$2.2B
Deferred Revenue NC	$148M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$117M
TOTAL NON-CURRENT LIABILITIES	$2.4B
TOTAL LIABILITIES	$3.4B
Common Stock	$1M
Additional Paid-In Capital	$257M
Retained Earnings	$1.2B
Treasury Stock	-$620M
Accum. Other Comp. Income	-$52M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$834M
Minority Interest	$0
TOTAL EQUITY	$834M
TOTAL LIABILITIES & EQUITY	$4.3B
Total Debt	$2.2B
Net Debt	$2.2B