Zebra Technologies (ZBRA) FY2012 results: revenue $996 million, up 1.3% on the year
Zebra Technologies Corp. (ZBRA) reported revenue of $996 million for fiscal 2012, the year ended 31 December 2012, up 1.3% on the year before. Net income was $123 million, down 29.6%, and diluted earnings per share $2.37. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2013.
Revenue
$996 million
+1.3% on the year
FY2008FY2012
Operating margin
16.5%
18.5% a year earlier
FY2008FY2012
Net income
$123 million
-29.6% on the year
FY2008FY2012
Diluted EPS
$2.37
-26.4% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
996
983
894
+1.3%
Cost of revenue
505
497
474
+1.6%
Gross profit
492
487
421
+1.0%
Gross margin
49.4%
49.5%
47.0%
Research and development
87.4
89.9
82.6
-2.8%
Operating income
164
182
148
-9.7%
Operating margin
16.5%
18.5%
16.6%
Interest expense
0.2
n/a
n/a
Pre-tax income
164
180
150
-8.6%
Income tax
42.3
49.4
45.0
-14.4%
Effective tax rate
25.8%
27.5%
30.1%
Net income
123
175
102
-29.6%
Net margin
12.3%
17.8%
11.4%
Diluted EPS
$2.37
$3.22
$1.77
-26.4%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
183
78.3
142
+134.1%
Capital expenditure
22.4
26.9
30.7
-16.6%
Free cash flow
161
51.4
111
+213.1%
Free cash flow margin
16.2%
5.2%
12.4%
Cash from investing
-106
53.2
-39.6
Cash from financing
-49.4
-146
-92.9
Depreciation and amortisation
26.2
24.0
31.2
+9.1%
Share-based compensation
14.7
14.1
11.9
+4.5%
Buybacks
54.4
160
102
-66.1%
Diluted shares, weighted
52m
54m
57m
-4.3%
Shares outstanding at period end
51m
52m
56m
-2.3%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
857
777
730
+10.3%
Debt
0.0
0.0
0.0
Other liabilities
111
122
149
-9.3%
Total liabilities and equity
968
899
879
+7.6%
Fixed assets
101
97.8
87.1
+3.6%
Goodwill
94.9
79.7
79.7
+19.1%
Intangible assets
39.2
12.7
9.8
+209.1%
Investments
329
290
211
+13.5%
Cash and equivalents
65.0
36.4
47.5
+78.8%
Receivables
169
155
130
+8.7%
Inventory
123
133
113
-7.5%
Other assets
45.9
93.7
201
-51.0%
Total assets
968
899
879
+7.6%
10-K for the year ended 31 December 2012, filed 21 February 2013: the filing.