ZBRA FY 2019 Earnings Report — Zebra Technologies Corporation Revenue & Financial Results | Market Cap Arena

Zebra Technologies CorporationZBRA

FY 2019 Earnings

Reported February 13, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$4.5B	—	$4.2B	—	6.3%
Op. Income	$692M	—	$610M	—	13.4%
Gross Margin	46.8%	—	47.0%	—	-0.1pp
Net Margin	12.1%	—	10.0%	—	2.1pp
EPS (Diluted)	$9.96	—	$7.76	—	28.4%
Free Cash Flow	$624M	—	$721M	—	-13.5%

Revenue Flow

Item	Amount
REVENUE	$4.5B
Cost of Revenue	$2.4B
GROSS PROFIT	$2.1B
R&D Expenses	$447M
Selling & Marketing	$503M
General & Administrative	$323M
SG&A Expenses	$826M
Other Expenses	$135M
Operating Expenses	$1.4B
Cost & Expenses	$3.8B
OPERATING INCOME	$692M
Interest Income	$0
Interest Expense	$89M
Other Income/Expenses	-$94M
INCOME BEFORE TAX	$598M
Income Tax Expense	$54M
Net Income from Continuing Ops	$544M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$544M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$544M
D&A	$175M
EBIT	$687M
EBITDA	$862M
EPS	$10
EPS Diluted	$10

Income Statement

Item	Amount
REVENUE	$4.5B
Cost of Revenue	$2.4B
GROSS PROFIT	$2.1B
R&D Expenses	$447M
Selling & Marketing	$503M
General & Administrative	$323M
SG&A Expenses	$826M
Other Expenses	$135M
Operating Expenses	$1.4B
Cost & Expenses	$3.8B
OPERATING INCOME	$692M
Interest Income	$0
Interest Expense	$89M
Other Income/Expenses	-$94M
INCOME BEFORE TAX	$598M
Income Tax Expense	$54M
Net Income from Continuing Ops	$544M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$544M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$544M
D&A	$175M
EBIT	$687M
EBITDA	$862M
EPS	$10
EPS Diluted	$10

Cash Flow Statement

Item	Amount
Net Income	$544M
Depreciation & Amortization	$175M
Stock-Based Compensation	$48M
Deferred Income Tax	-$42M
Other Non-Cash Items	$23M
Change in Working Capital	-$63M
OPERATING CASH FLOW	$685M
Capital Expenditure	-$61M
Acquisitions (Net)	-$262M
Purchases of Investments	-$22M
Sales/Maturities of Investments	$10M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$335M
Net Debt Issuance	-$319M
Common Stock Repurchased	-$47M
Common Dividends Paid	$0
Other Financing Activities	$1M
NET CASH FROM FINANCING	-$365M
FREE CASH FLOW	$624M
Net Change in Cash	-$14M

Balance Sheet

Item	Amount
Cash & Equivalents	$30M
Short-Term Investments	$0
Net Receivables	$645M
Inventory	$474M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$366M
Goodwill	$2.6B
Intangible Assets	$275M
Long-Term Investments	$45M
Tax Assets	$127M
Other Non-Current Assets	$81M
TOTAL NON-CURRENT ASSETS	$3.5B
TOTAL ASSETS	$4.7B
Account Payables	$552M
Short-Term Debt	$197M
Deferred Revenue	$238M
Other Current Liabilities	$191M
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$1.1B
Deferred Revenue NC	$221M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$67M
TOTAL NON-CURRENT LIABILITIES	$1.5B
TOTAL LIABILITIES	$2.9B
Common Stock	$1M
Additional Paid-In Capital	$339M
Retained Earnings	$2.2B
Treasury Stock	-$689M
Accum. Other Comp. Income	-$44M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.8B
Minority Interest	$0
TOTAL EQUITY	$1.8B
TOTAL LIABILITIES & EQUITY	$4.7B
Total Debt	$1.4B
Net Debt	$1.4B