ZBRA Q3 2020 Earnings Report — Zebra Technologies Corporation Revenue & Financial Results | Market Cap Arena

Zebra Technologies CorporationZBRA

Q3 2020 Earnings

Reported November 3, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2020	Q2 2020	Q3 2019	QoQ Change	YoY Change
Revenue	$1.1B	$956M	$1.1B	18.4%	0.2%
Op. Income	$150M	$119M	$185M	26.1%	-18.9%
Gross Margin	43.6%	43.8%	47.3%	-0.3pp	-3.8pp
Net Margin	10.2%	10.5%	12.0%	-0.2pp	-1.8pp
EPS (Diluted)	$2.16	$1.85	$2.50	16.8%	-13.6%
Free Cash Flow	$160M	$227M	$211M	-29.5%	-24.2%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$639M
GROSS PROFIT	$493M
R&D Expenses	$113M
Selling & Marketing	$119M
General & Administrative	$71M
SG&A Expenses	$190M
Other Expenses	$40M
Operating Expenses	$343M
Cost & Expenses	$982M
OPERATING INCOME	$150M
Interest Income	$0
Interest Expense	$10M
Other Income/Expenses	-$12M
INCOME BEFORE TAX	$138M
Income Tax Expense	$22M
Net Income from Continuing Ops	$116M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$116M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$116M
D&A	$35M
EBIT	$148M
EBITDA	$183M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$639M
GROSS PROFIT	$493M
R&D Expenses	$113M
Selling & Marketing	$119M
General & Administrative	$71M
SG&A Expenses	$190M
Other Expenses	$40M
Operating Expenses	$343M
Cost & Expenses	$982M
OPERATING INCOME	$150M
Interest Income	$0
Interest Expense	$10M
Other Income/Expenses	-$12M
INCOME BEFORE TAX	$138M
Income Tax Expense	$22M
Net Income from Continuing Ops	$116M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$116M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$116M
D&A	$35M
EBIT	$148M
EBITDA	$183M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$116M
Depreciation & Amortization	$35M
Stock-Based Compensation	$13M
Deferred Income Tax	-$8M
Other Non-Cash Items	$2M
Change in Working Capital	$18M
OPERATING CASH FLOW	$176M
Capital Expenditure	-$16M
Acquisitions (Net)	-$548M
Purchases of Investments	$0
Sales/Maturities of Investments	$6M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$558M
Net Debt Issuance	$345M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$19M
NET CASH FROM FINANCING	$364M
FREE CASH FLOW	$160M
Net Change in Cash	$5M

Balance Sheet

Item	Amount
Cash & Equivalents	$39M
Short-Term Investments	$0
Net Receivables	$594M
Inventory	$484M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$378M
Goodwill	$3.0B
Intangible Assets	$427M
Long-Term Investments	$80M
Tax Assets	$84M
Other Non-Current Assets	$86M
TOTAL NON-CURRENT ASSETS	$4.1B
TOTAL ASSETS	$5.2B
Account Payables	$546M
Short-Term Debt	$481M
Deferred Revenue	$286M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.8B
Long-Term Debt	$1.1B
Deferred Revenue NC	$248M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$105M
TOTAL NON-CURRENT LIABILITIES	$1.5B
TOTAL LIABILITIES	$3.3B
Common Stock	$1M
Additional Paid-In Capital	$372M
Retained Earnings	$2.5B
Treasury Stock	-$917M
Accum. Other Comp. Income	-$62M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.9B
Minority Interest	$0
TOTAL EQUITY	$1.9B
TOTAL LIABILITIES & EQUITY	$5.2B
Total Debt	$1.7B
Net Debt	$1.6B