ZBRA Q3 2018 Earnings Report — Zebra Technologies Corporation Revenue & Financial Results | Market Cap Arena

Zebra Technologies CorporationZBRA

Q3 2018 Earnings

Reported November 6, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2018	Q2 2018	Q3 2017	QoQ Change	YoY Change
Revenue	$1.1B	$1.0B	$935M	7.9%	16.8%
Op. Income	$162M	$125M	$91M	29.6%	78.0%
Gross Margin	46.2%	46.6%	45.9%	-0.4pp	0.4pp
Net Margin	11.6%	6.9%	-1.3%	4.7pp	12.9pp
EPS (Diluted)	$2.34	$1.29	$-0.23	81.4%	1117.4%
Free Cash Flow	$179M	$135M	-$7M	32.6%	2657.1%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$587M
GROSS PROFIT	$505M
R&D Expenses	$113M
Selling & Marketing	$120M
General & Administrative	$75M
SG&A Expenses	$195M
Other Expenses	$35M
Operating Expenses	$343M
Cost & Expenses	$930M
OPERATING INCOME	$162M
Interest Income	$0
Interest Expense	$18M
Other Income/Expenses	-$19M
INCOME BEFORE TAX	$143M
Income Tax Expense	$16M
Net Income from Continuing Ops	$127M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$127M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$127M
D&A	$45M
EBIT	$161M
EBITDA	$206M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$587M
GROSS PROFIT	$505M
R&D Expenses	$113M
Selling & Marketing	$120M
General & Administrative	$75M
SG&A Expenses	$195M
Other Expenses	$35M
Operating Expenses	$343M
Cost & Expenses	$930M
OPERATING INCOME	$162M
Interest Income	$0
Interest Expense	$18M
Other Income/Expenses	-$19M
INCOME BEFORE TAX	$143M
Income Tax Expense	$16M
Net Income from Continuing Ops	$127M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$127M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$127M
D&A	$45M
EBIT	$161M
EBITDA	$206M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$127M
Depreciation & Amortization	$45M
Stock-Based Compensation	$10M
Deferred Income Tax	$14M
Other Non-Cash Items	$3M
Change in Working Capital	-$5M
OPERATING CASH FLOW	$194M
Capital Expenditure	-$15M
Acquisitions (Net)	-$72M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$72M
NET CASH FROM INVESTING	-$87M
Net Debt Issuance	-$111M
Common Stock Repurchased	$2M
Common Dividends Paid	$0
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$109M
FREE CASH FLOW	$179M
Net Change in Cash	-$1M

Balance Sheet

Item	Amount
Cash & Equivalents	$45M
Short-Term Investments	$0
Net Receivables	$612M
Inventory	$493M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$251M
Goodwill	$2.5B
Intangible Assets	$260M
Long-Term Investments	$17M
Tax Assets	$91M
Other Non-Current Assets	$84M
TOTAL NON-CURRENT ASSETS	$3.2B
TOTAL ASSETS	$4.4B
Account Payables	$498M
Short-Term Debt	$71M
Deferred Revenue	$199M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$1.8B
Deferred Revenue NC	$161M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$92M
TOTAL NON-CURRENT LIABILITIES	$2.1B
TOTAL LIABILITIES	$3.2B
Common Stock	$1M
Additional Paid-In Capital	$282M
Retained Earnings	$1.6B
Treasury Stock	-$614M
Accum. Other Comp. Income	-$29M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$4.4B
Total Debt	$1.9B
Net Debt	$1.9B