Zebra Technologies (ZBRA) FY2017 results: revenue $3.7 billion, up 4.1% on the year
Zebra Technologies Corp. (ZBRA) reported revenue of $3.7 billion for fiscal 2017, the year ended 31 December 2017, up 4.1% on the year before. Net income was $17 million, and diluted earnings per share $0.32. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2019.
Revenue
$3.7 billion
+4.1% on the year
FY2010FY2017
Operating margin
8.7%
2.2% a year earlier
FY2010FY2017
Net income
$17 million
FY2010FY2017
Diluted EPS
$0.32
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
3,722
3,574
3,652
+4.1%
Cost of revenue
2,012
1,932
2,008
+4.1%
Gross profit
1,710
1,642
1,644
+4.1%
Gross margin
45.9%
45.9%
45.0%
Research and development
389
376
394
+3.5%
Operating income
322
80.0
37.0
+302.5%
Operating margin
8.7%
2.2%
1.0%
Interest expense
227
193
193
+17.6%
Pre-tax income
88.0
-129
-180
Income tax
71.0
8.0
-22.0
+787.5%
Effective tax rate
80.7%
n/a
n/a
Net income
17.0
-137
-158
Net margin
0.5%
-3.8%
-4.3%
Diluted EPS
$0.32
-$2.65
-$3.10
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
478
380
122
+25.8%
Capital expenditure
50.0
77.0
122
-35.1%
Free cash flow
428
303
0.0
+41.3%
Free cash flow margin
11.5%
8.5%
0.0%
Cash from investing
-51.0
-39.0
-148
Cash from financing
-517
-384
-161
Depreciation and amortisation
263
304
320
-13.5%
Share-based compensation
35.0
27.0
31.0
+29.6%
Buybacks
0.0
n/a
0.0
Diluted shares, weighted
54m
52m
51m
+4.1%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
834
792
893
+5.3%
Debt
2,227
2,648
3,012
-15.9%
Other liabilities
1,214
1,192
1,135
+1.8%
Total liabilities and equity
4,275
4,632
5,040
-7.7%
Fixed assets
264
292
298
-9.6%
Goodwill
2,465
2,458
2,493
+0.3%
Intangible assets
299
480
757
-37.7%
Investments
n/a
n/a
0.0
Securities held for sale or to maturity
n/a
0.0
n/a
Cash and equivalents
62.0
156
192
-60.3%
Receivables
479
625
671
-23.4%
Inventory
458
345
397
+32.8%
Other assets
248
276
232
-10.1%
Total assets
4,275
4,632
5,040
-7.7%
10-K for the year ended 31 December 2017, filed 14 February 2019: the filing.