ZBRA FY 2018 Earnings Report — Zebra Technologies Corporation Revenue & Financial Results | Market Cap Arena

Zebra Technologies CorporationZBRA

FY 2018 Earnings

Reported February 14, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$4.2B	—	$3.7B	—	13.3%
Op. Income	$610M	—	$322M	—	89.4%
Gross Margin	47.0%	—	45.9%	—	1.0pp
Net Margin	10.0%	—	0.5%	—	9.5pp
EPS (Diluted)	$7.76	—	$0.32	—	2325.0%
Free Cash Flow	$721M	—	$428M	—	68.5%

Revenue Flow

Item	Amount
REVENUE	$4.2B
Cost of Revenue	$2.2B
GROSS PROFIT	$2.0B
R&D Expenses	$444M
Selling & Marketing	$483M
General & Administrative	$328M
SG&A Expenses	$811M
Other Expenses	$116M
Operating Expenses	$1.4B
Cost & Expenses	$3.6B
OPERATING INCOME	$610M
Interest Income	$0
Interest Expense	$91M
Other Income/Expenses	-$86M
INCOME BEFORE TAX	$524M
Income Tax Expense	$103M
Net Income from Continuing Ops	$421M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$421M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$421M
D&A	$175M
EBIT	$615M
EBITDA	$790M
EPS	$8
EPS Diluted	$8

Income Statement

Item	Amount
REVENUE	$4.2B
Cost of Revenue	$2.2B
GROSS PROFIT	$2.0B
R&D Expenses	$444M
Selling & Marketing	$483M
General & Administrative	$328M
SG&A Expenses	$811M
Other Expenses	$116M
Operating Expenses	$1.4B
Cost & Expenses	$3.6B
OPERATING INCOME	$610M
Interest Income	$0
Interest Expense	$91M
Other Income/Expenses	-$86M
INCOME BEFORE TAX	$524M
Income Tax Expense	$103M
Net Income from Continuing Ops	$421M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$421M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$421M
D&A	$175M
EBIT	$615M
EBITDA	$790M
EPS	$8
EPS Diluted	$8

Cash Flow Statement

Item	Amount
Net Income	$421M
Depreciation & Amortization	$175M
Stock-Based Compensation	$45M
Deferred Income Tax	$2M
Other Non-Cash Items	$2M
Change in Working Capital	$140M
OPERATING CASH FLOW	$785M
Capital Expenditure	-$64M
Acquisitions (Net)	-$72M
Purchases of Investments	-$3M
Sales/Maturities of Investments	$2M
Other Investing Activities	-$1M
NET CASH FROM INVESTING	-$137M
Net Debt Issuance	-$660M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$1M
NET CASH FROM FINANCING	-$661M
FREE CASH FLOW	$721M
Net Change in Cash	-$18M

Balance Sheet

Item	Amount
Cash & Equivalents	$44M
Short-Term Investments	$0
Net Receivables	$544M
Inventory	$520M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$249M
Goodwill	$2.5B
Intangible Assets	$232M
Long-Term Investments	$28M
Tax Assets	$114M
Other Non-Current Assets	$59M
TOTAL NON-CURRENT ASSETS	$3.2B
TOTAL ASSETS	$4.3B
Account Payables	$552M
Short-Term Debt	$157M
Deferred Revenue	$210M
Other Current Liabilities	$140M
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$1.4B
Deferred Revenue NC	$172M
Deferred Tax Liabilities	$8M
Other Non-Current Liabilities	$89M
TOTAL NON-CURRENT LIABILITIES	$1.7B
TOTAL LIABILITIES	$3.0B
Common Stock	$1M
Additional Paid-In Capital	$294M
Retained Earnings	$1.7B
Treasury Stock	-$613M
Accum. Other Comp. Income	-$35M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$4.3B
Total Debt	$1.6B
Net Debt	$1.5B