Zebra Technologies (ZBRA) FY2013 results: revenue $1.0 billion, up 4.2% on the year
Zebra Technologies Corp. (ZBRA) reported revenue of $1.0 billion for fiscal 2013, the year ended 31 December 2013, up 4.2% on the year before. Net income was $134 million, up 9.0%, and diluted earnings per share $2.63. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2014.
Revenue
$1.0 billion
+4.2% on the year
FY2008FY2013
Operating margin
15.4%
16.5% a year earlier
FY2008FY2013
Net income
$134 million
+9.0% on the year
FY2008FY2013
Diluted EPS
$2.63
+11.0% on the year
FY2008FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
1,038
996
983
+4.2%
Cost of revenue
535
505
497
+6.0%
Gross profit
504
492
487
+2.4%
Gross margin
48.5%
49.4%
49.5%
Research and development
91.1
87.4
89.9
+4.3%
Operating income
160
164
182
-2.5%
Operating margin
15.4%
16.5%
18.5%
Interest expense
0.0
0.2
n/a
Pre-tax income
164
164
180
-0.2%
Income tax
30.0
42.3
49.4
-29.0%
Effective tax rate
18.3%
25.8%
27.5%
Net income
134
123
175
+9.0%
Net margin
12.9%
12.3%
17.8%
Diluted EPS
$2.63
$2.37
$3.22
+11.0%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
195
183
78.3
+6.2%
Capital expenditure
20.0
22.4
26.9
-10.9%
Free cash flow
175
161
51.4
+8.6%
Free cash flow margin
16.8%
16.2%
5.2%
Cash from investing
-153
-106
53.2
Cash from financing
-44.2
-49.4
-146
Depreciation and amortisation
32.0
26.2
24.0
+22.2%
Share-based compensation
13.0
14.7
14.1
-11.7%
Buybacks
63.1
54.4
160
+16.1%
Diluted shares, weighted
51m
52m
54m
-1.5%
Shares outstanding at period end
50m
51m
52m
-1.1%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
959
857
777
+11.9%
Debt
0.0
0.0
0.0
Other liabilities
161
111
122
+45.5%
Total liabilities and equity
1,120
968
899
+15.7%
Fixed assets
110
101
97.8
+8.1%
Goodwill
156
94.9
79.7
+64.1%
Intangible assets
69.0
39.2
12.7
+76.2%
Investments
353
329
290
+7.2%
Cash and equivalents
63.0
65.0
36.4
-3.1%
Receivables
177
169
155
+4.9%
Inventory
121
123
133
-1.9%
Other assets
71.5
45.9
93.7
+55.9%
Total assets
1,120
968
899
+15.7%
10-K for the year ended 31 December 2013, filed 20 February 2014: the filing.