Zebra Technologies (ZBRA) FY2016 results: revenue $3.6 billion, down 2.1% on the year
Zebra Technologies Corp. (ZBRA) reported revenue of $3.6 billion for fiscal 2016, the year ended 31 December 2016, down 2.1% on the year before. Net income was -$137 million, and diluted earnings per share $-2.65. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2019.
Revenue
$3.6 billion
-2.1% on the year
FY2009FY2016
Operating margin
2.2%
1.0% a year earlier
FY2009FY2016
Net income
-$137 million
FY2009FY2016
Diluted EPS
-$2.65
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
3,574
3,652
1,671
-2.1%
Cost of revenue
1,932
2,008
893
-3.8%
Gross profit
1,642
1,644
778
-0.1%
Gross margin
45.9%
45.0%
46.6%
Research and development
376
394
151
-4.6%
Operating income
80.0
37.0
89.0
+116.2%
Operating margin
2.2%
1.0%
5.3%
Interest expense
193
193
62.0
0.0%
Pre-tax income
-129
-180
17.0
Income tax
8.0
-22.0
-15.0
Effective tax rate
n/a
n/a
-88.2%
Net income
-137
-158
32.0
Net margin
-3.8%
-4.3%
1.9%
Diluted EPS
-$2.65
-$3.10
$0.63
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
380
122
248
+211.5%
Capital expenditure
77.0
122
39.0
-36.9%
Free cash flow
303
0.0
209
Free cash flow margin
8.5%
0.0%
12.5%
Cash from investing
-39.0
-148
n/a
Cash from financing
-384
-161
n/a
Depreciation and amortisation
304
320
81.0
-5.0%
Share-based compensation
27.0
31.0
20.0
-12.9%
Buybacks
n/a
0.0
0.0
Diluted shares, weighted
52m
51m
51m
+1.1%
Shares outstanding at period end
n/a
n/a
52m
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
792
893
1,040
-11.3%
Debt
2,648
3,012
3,161
-12.1%
Other liabilities
1,192
1,135
1,338
+5.0%
Total liabilities and equity
4,632
5,040
5,539
-8.1%
Fixed assets
292
298
255
-2.0%
Goodwill
2,458
2,493
2,490
-1.4%
Intangible assets
480
757
1,029
-36.6%
Investments
n/a
0.0
24.0
Securities held for sale or to maturity
0.0
n/a
n/a
Cash and equivalents
156
192
394
-18.8%
Receivables
625
671
670
-6.9%
Inventory
345
397
394
-13.1%
Other assets
276
232
283
+19.0%
Total assets
4,632
5,040
5,539
-8.1%
10-K for the year ended 31 December 2016, filed 14 February 2019: the filing.