ZBRA Q4 2018 Earnings Report — Zebra Technologies Corporation Revenue & Financial Results | Market Cap Arena

Zebra Technologies CorporationZBRA

Q4 2018 Earnings

Reported February 14, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2018	Q3 2018	Q4 2017	QoQ Change	YoY Change
Revenue	$1.1B	$1.1B	$1.0B	4.1%	10.8%
Op. Income	$179M	$162M	$133M	10.5%	34.6%
Gross Margin	47.4%	46.2%	45.7%	1.2pp	1.7pp
Net Margin	10.1%	11.6%	0.4%	-1.5pp	9.7pp
EPS (Diluted)	$2.11	$2.34	$0.07	-9.8%	2914.3%
Free Cash Flow	$309M	$179M	$254M	72.6%	21.7%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$598M
GROSS PROFIT	$539M
R&D Expenses	$121M
Selling & Marketing	$122M
General & Administrative	$89M
SG&A Expenses	$211M
Other Expenses	$28M
Operating Expenses	$360M
Cost & Expenses	$958M
OPERATING INCOME	$179M
Interest Income	$0
Interest Expense	$39M
Other Income/Expenses	-$31M
INCOME BEFORE TAX	$148M
Income Tax Expense	$33M
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	$44M
EBIT	$187M
EBITDA	$231M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$598M
GROSS PROFIT	$539M
R&D Expenses	$121M
Selling & Marketing	$122M
General & Administrative	$89M
SG&A Expenses	$211M
Other Expenses	$28M
Operating Expenses	$360M
Cost & Expenses	$958M
OPERATING INCOME	$179M
Interest Income	$0
Interest Expense	$39M
Other Income/Expenses	-$31M
INCOME BEFORE TAX	$148M
Income Tax Expense	$33M
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	$44M
EBIT	$187M
EBITDA	$231M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$115M
Depreciation & Amortization	$44M
Stock-Based Compensation	$11M
Deferred Income Tax	-$15M
Other Non-Cash Items	$11M
Change in Working Capital	$159M
OPERATING CASH FLOW	$325M
Capital Expenditure	-$16M
Acquisitions (Net)	-$72M
Purchases of Investments	-$1M
Sales/Maturities of Investments	$2M
Other Investing Activities	$70M
NET CASH FROM INVESTING	-$17M
Net Debt Issuance	-$311M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$1M
NET CASH FROM FINANCING	-$310M
FREE CASH FLOW	$309M
Net Change in Cash	-$1M

Balance Sheet

Item	Amount
Cash & Equivalents	$44M
Short-Term Investments	$0
Net Receivables	$544M
Inventory	$520M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$249M
Goodwill	$2.5B
Intangible Assets	$232M
Long-Term Investments	$28M
Tax Assets	$114M
Other Non-Current Assets	$59M
TOTAL NON-CURRENT ASSETS	$3.2B
TOTAL ASSETS	$4.3B
Account Payables	$552M
Short-Term Debt	$157M
Deferred Revenue	$210M
Other Current Liabilities	$140M
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$1.4B
Deferred Revenue NC	$172M
Deferred Tax Liabilities	$8M
Other Non-Current Liabilities	$89M
TOTAL NON-CURRENT LIABILITIES	$1.7B
TOTAL LIABILITIES	$3.0B
Common Stock	$1M
Additional Paid-In Capital	$294M
Retained Earnings	$1.7B
Treasury Stock	-$613M
Accum. Other Comp. Income	-$35M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$4.3B
Total Debt	$1.6B
Net Debt	$1.5B