ZBRA Q1 2019 Earnings Report — Zebra Technologies Corporation Revenue & Financial Results | Market Cap Arena

Zebra Technologies CorporationZBRA

Q1 2019 Earnings

Reported April 30, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2019	Q4 2018	Q1 2018	QoQ Change	YoY Change
Revenue	$1.1B	$1.1B	$977M	-6.2%	9.1%
Op. Income	$159M	$179M	$144M	-11.2%	10.4%
Gross Margin	47.0%	47.4%	47.6%	-0.4pp	-0.6pp
Net Margin	10.8%	10.1%	11.2%	0.7pp	-0.4pp
EPS (Diluted)	$2.12	$2.11	$2.01	0.5%	5.5%
Free Cash Flow	$27M	$309M	$98M	-91.3%	-72.4%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$565M
GROSS PROFIT	$501M
R&D Expenses	$111M
Selling & Marketing	$122M
General & Administrative	$76M
SG&A Expenses	$198M
Other Expenses	$33M
Operating Expenses	$342M
Cost & Expenses	$907M
OPERATING INCOME	$159M
Interest Income	$0
Interest Expense	$24M
Other Income/Expenses	-$28M
INCOME BEFORE TAX	$131M
Income Tax Expense	$16M
Net Income from Continuing Ops	$115M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$115M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$115M
D&A	$47M
EBIT	$155M
EBITDA	$202M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$565M
GROSS PROFIT	$501M
R&D Expenses	$111M
Selling & Marketing	$122M
General & Administrative	$76M
SG&A Expenses	$198M
Other Expenses	$33M
Operating Expenses	$342M
Cost & Expenses	$907M
OPERATING INCOME	$159M
Interest Income	$0
Interest Expense	$24M
Other Income/Expenses	-$28M
INCOME BEFORE TAX	$131M
Income Tax Expense	$16M
Net Income from Continuing Ops	$115M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$115M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$115M
D&A	$47M
EBIT	$155M
EBITDA	$202M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$115M
Depreciation & Amortization	$47M
Stock-Based Compensation	$10M
Deferred Income Tax	-$10M
Other Non-Cash Items	$10M
Change in Working Capital	-$130M
OPERATING CASH FLOW	$42M
Capital Expenditure	-$15M
Acquisitions (Net)	-$179M
Purchases of Investments	$0
Sales/Maturities of Investments	$10M
Other Investing Activities	$10M
NET CASH FROM INVESTING	-$184M
Net Debt Issuance	$146M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$15M
NET CASH FROM FINANCING	$161M
FREE CASH FLOW	$27M
Net Change in Cash	$17M

Balance Sheet

Item	Amount
Cash & Equivalents	$61M
Short-Term Investments	$0
Net Receivables	$509M
Inventory	$510M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$367M
Goodwill	$2.6B
Intangible Assets	$311M
Long-Term Investments	$0
Tax Assets	$97M
Other Non-Current Assets	$92M
TOTAL NON-CURRENT ASSETS	$3.4B
TOTAL ASSETS	$4.6B
Account Payables	$457M
Short-Term Debt	$131M
Deferred Revenue	$222M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$1.6B
Deferred Revenue NC	$178M
Deferred Tax Liabilities	$1M
Other Non-Current Liabilities	$77M
TOTAL NON-CURRENT LIABILITIES	$2.0B
TOTAL LIABILITIES	$3.1B
Common Stock	$1M
Additional Paid-In Capital	$305M
Retained Earnings	$1.8B
Treasury Stock	-$611M
Accum. Other Comp. Income	-$31M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$0
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$4.6B
Total Debt	$1.8B
Net Debt	$1.8B