ZBRA Q4 2020 Earnings Report — Zebra Technologies Corporation Revenue & Financial Results | Market Cap Arena

Zebra Technologies CorporationZBRA

Q4 2020 Earnings

Reported February 11, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2020	Q3 2020	Q4 2019	QoQ Change	YoY Change
Revenue	$1.3B	$1.1B	$1.2B	15.5%	9.7%
Op. Income	$231M	$150M	$188M	54.0%	22.9%
Gross Margin	47.2%	43.6%	45.6%	3.7pp	1.6pp
Net Margin	15.2%	10.2%	14.2%	5.0pp	1.0pp
EPS (Diluted)	$3.70	$2.16	$3.10	71.3%	19.4%
Free Cash Flow	$413M	$160M	$248M	158.1%	66.5%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$690M
GROSS PROFIT	$618M
R&D Expenses	$137M
Selling & Marketing	$133M
General & Administrative	$85M
SG&A Expenses	$218M
Other Expenses	$32M
Operating Expenses	$387M
Cost & Expenses	$1.1B
OPERATING INCOME	$231M
Interest Income	$0
Interest Expense	$7M
Other Income/Expenses	-$15M
INCOME BEFORE TAX	$216M
Income Tax Expense	$17M
Net Income from Continuing Ops	$199M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$199M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$199M
D&A	$43M
EBIT	$223M
EBITDA	$266M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$690M
GROSS PROFIT	$618M
R&D Expenses	$137M
Selling & Marketing	$133M
General & Administrative	$85M
SG&A Expenses	$218M
Other Expenses	$32M
Operating Expenses	$387M
Cost & Expenses	$1.1B
OPERATING INCOME	$231M
Interest Income	$0
Interest Expense	$7M
Other Income/Expenses	-$15M
INCOME BEFORE TAX	$216M
Income Tax Expense	$17M
Net Income from Continuing Ops	$199M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$199M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$199M
D&A	$43M
EBIT	$223M
EBITDA	$266M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$199M
Depreciation & Amortization	$43M
Stock-Based Compensation	$18M
Deferred Income Tax	-$38M
Other Non-Cash Items	$3M
Change in Working Capital	$206M
OPERATING CASH FLOW	$431M
Capital Expenditure	-$18M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$18M
Net Debt Issuance	-$326M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$38M
NET CASH FROM FINANCING	-$288M
FREE CASH FLOW	$413M
Net Change in Cash	$124M

Balance Sheet

Item	Amount
Cash & Equivalents	$168M
Short-Term Investments	$0
Net Receivables	$524M
Inventory	$511M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$409M
Goodwill	$3.0B
Intangible Assets	$402M
Long-Term Investments	$77M
Tax Assets	$139M
Other Non-Current Assets	$87M
TOTAL NON-CURRENT ASSETS	$4.1B
TOTAL ASSETS	$5.4B
Account Payables	$601M
Short-Term Debt	$364M
Deferred Revenue	$308M
Other Current Liabilities	$377M
TOTAL CURRENT LIABILITIES	$1.9B
Long-Term Debt	$881M
Deferred Revenue NC	$273M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$97M
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$3.2B
Common Stock	$1M
Additional Paid-In Capital	$395M
Retained Earnings	$2.7B
Treasury Stock	-$919M
Accum. Other Comp. Income	-$69M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.1B
Minority Interest	$0
TOTAL EQUITY	$2.1B
TOTAL LIABILITIES & EQUITY	$5.4B
Total Debt	$1.4B
Net Debt	$1.2B