ZBRA Q2 2018 Earnings Report — Zebra Technologies Corporation Revenue & Financial Results | Market Cap Arena

Zebra Technologies CorporationZBRA

Q2 2018 Earnings

Reported August 7, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2018	Q1 2018	Q2 2017	QoQ Change	YoY Change
Revenue	$1.0B	$977M	$896M	3.6%	12.9%
Op. Income	$125M	$144M	$58M	-13.2%	115.5%
Gross Margin	46.6%	47.6%	45.9%	-1.0pp	0.8pp
Net Margin	6.9%	11.2%	1.9%	-4.2pp	5.0pp
EPS (Diluted)	$1.29	$2.01	$0.32	-35.8%	303.1%
Free Cash Flow	$135M	$98M	$77M	37.8%	75.3%

Revenue Flow

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$540M
GROSS PROFIT	$472M
R&D Expenses	$109M
Selling & Marketing	$121M
General & Administrative	$93M
SG&A Expenses	$214M
Other Expenses	$24M
Operating Expenses	$347M
Cost & Expenses	$887M
OPERATING INCOME	$125M
Interest Income	$0
Interest Expense	$23M
Other Income/Expenses	-$25M
INCOME BEFORE TAX	$100M
Income Tax Expense	$30M
Net Income from Continuing Ops	$70M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$70M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$70M
D&A	$43M
EBIT	$123M
EBITDA	$166M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$540M
GROSS PROFIT	$472M
R&D Expenses	$109M
Selling & Marketing	$121M
General & Administrative	$93M
SG&A Expenses	$214M
Other Expenses	$24M
Operating Expenses	$347M
Cost & Expenses	$887M
OPERATING INCOME	$125M
Interest Income	$0
Interest Expense	$23M
Other Income/Expenses	-$25M
INCOME BEFORE TAX	$100M
Income Tax Expense	$30M
Net Income from Continuing Ops	$70M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$70M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$70M
D&A	$43M
EBIT	$123M
EBITDA	$166M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$70M
Depreciation & Amortization	$43M
Stock-Based Compensation	$14M
Deferred Income Tax	$5M
Other Non-Cash Items	$4M
Change in Working Capital	$14M
OPERATING CASH FLOW	$150M
Capital Expenditure	-$15M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$2M
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$13M
Net Debt Issuance	-$143M
Common Stock Repurchased	-$4M
Common Dividends Paid	$0
Other Financing Activities	-$7M
NET CASH FROM FINANCING	-$150M
FREE CASH FLOW	$135M
Net Change in Cash	-$18M

Balance Sheet

Item	Amount
Cash & Equivalents	$46M
Short-Term Investments	$0
Net Receivables	$546M
Inventory	$465M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$254M
Goodwill	$2.5B
Intangible Assets	$252M
Long-Term Investments	$12M
Tax Assets	$104M
Other Non-Current Assets	$82M
TOTAL NON-CURRENT ASSETS	$3.2B
TOTAL ASSETS	$4.3B
Account Payables	$442M
Short-Term Debt	$85M
Deferred Revenue	$198M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.0B
Long-Term Debt	$1.9B
Deferred Revenue NC	$150M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$124M
TOTAL NON-CURRENT LIABILITIES	$2.2B
TOTAL LIABILITIES	$3.2B
Common Stock	$1M
Additional Paid-In Capital	$273M
Retained Earnings	$1.4B
Treasury Stock	-$617M
Accum. Other Comp. Income	-$30M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$4.3B
Total Debt	$2.0B
Net Debt	$2.0B