Zebra Technologies (ZBRA) FY2015 results: revenue $3.7 billion, up 118.6% on the year
Zebra Technologies Corp. (ZBRA) reported revenue of $3.7 billion for fiscal 2015, the year ended 31 December 2015, up 118.6% on the year before. Net income was -$158 million, and diluted earnings per share $-3.10. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2016.
Revenue
$3.7 billion
+118.6% on the year
FY2008FY2015
Operating margin
1.0%
5.3% a year earlier
FY2008FY2015
Net income
-$158 million
FY2008FY2015
Diluted EPS
-$3.10
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
3,652
1,671
1,038
+118.6%
Cost of revenue
2,008
893
535
+125.0%
Gross profit
1,644
778
504
+111.3%
Gross margin
45.0%
46.6%
48.5%
Research and development
394
151
91.1
+160.7%
Operating income
37.0
89.0
160
-58.4%
Operating margin
1.0%
5.3%
15.4%
Interest expense
193
62.0
0.0
+211.3%
Pre-tax income
-180
17.0
164
Income tax
-22.0
-15.0
30.0
Effective tax rate
n/a
-88.2%
18.3%
Net income
-158
32.0
134
Net margin
-4.3%
1.9%
12.9%
Diluted EPS
-$3.10
$0.63
$2.63
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
122
248
195
-50.8%
Capital expenditure
122
39.0
20.0
+212.8%
Free cash flow
0.0
209
175
Free cash flow margin
0.0%
12.5%
16.8%
Cash from investing
-148
n/a
-153
Cash from financing
-161
n/a
-44.2
Depreciation and amortisation
320
81.0
32.0
+295.1%
Share-based compensation
31.0
20.0
13.0
+55.0%
Buybacks
0.0
0.0
63.1
Diluted shares, weighted
51m
51m
51m
-0.7%
Shares outstanding at period end
n/a
52m
50m
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
893
1,040
959
-14.1%
Debt
3,012
3,161
0.0
-4.7%
Other liabilities
1,135
1,338
161
-15.2%
Total liabilities and equity
5,040
5,539
1,120
-9.0%
Fixed assets
298
255
110
+16.8%
Goodwill
2,493
2,490
156
+0.1%
Intangible assets
757
1,029
69.0
-26.5%
Investments
0.0
24.0
353
Cash and equivalents
192
394
63.0
-51.3%
Receivables
671
670
177
+0.1%
Inventory
397
394
121
+0.7%
Other assets
232
283
71.5
-17.9%
Total assets
5,040
5,539
1,120
-9.0%
10-K for the year ended 31 December 2015, filed 29 February 2016: the filing.