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Zebra Technologies (ZBRA) Q4 FY2021 earnings: revenue $1.5 billion, up 12.2% on the year

Zebra Technologies Corp. (ZBRA) reported revenue of $1.5 billion for Q4 FY2021, the quarter ended 31 December 2021, up 12.2% on the same quarter a year earlier. Net income was $191 million, down 4.0% on the year, and diluted earnings per share $3.54. The figures are the company's own, from the 10-K it filed with the SEC on 10 February 2022.

Revenue
$1.5 billion
+12.2% on the year · +2.2% on the quarter
Q1 FY2020Q4 FY2021
Operating margin
15.2%
17.7% a year earlier
Q1 FY2020Q4 FY2021
Net income
$191 million
-4.0% on the year · -4.0% on the quarter
Q1 FY2020Q4 FY2021
Diluted EPS
$3.54
-4.3% on the year · -4.1% on the quarter
Q1 FY2020Q4 FY2021

this quarterthe same quarter a year earlierHover a bar for its figure.

Income statement (profit and loss)

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Revenue1,4671,4361,308+2.2%+12.2%
Cost of revenue798n/an/a
Gross profit669n/an/a
Gross margin45.6%n/an/a
Research and development145n/an/a
Operating income223237231-5.9%-3.5%
Operating margin15.2%16.5%17.7%
Pre-tax income226n/an/a
Income tax35.0n/an/a
Effective tax rate15.5%n/an/a
Net income191199199-4.0%-4.0%
Net margin13.0%n/an/a
Diluted EPS$3.54$3.69$3.70-4.1%-4.3%
$ million except per share.
Read moreFourth quarters are the year less the first three quarters. Free 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

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Operating cash flow233n/an/a
Capital expenditure21.0n/an/a
Free cash flow212n/an/a
Free cash flow margin14.5%n/an/a
Cash from investing-177n/an/a
Cash from financing-20.0n/an/a
Depreciation and amortisation51.048.043.0+6.2%+18.6%
Share-based compensation18.0n/an/a
Buybacks32.0n/an/a
Diluted shares, weighted54m54mn/a+0.1%
Shares outstanding at period end53m53m53m-0.7%-0.7%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Shareholders' equity2,9842,8162,144+6.0%+39.2%
Deposits12.0n/an/a
Debt9919961,245-0.5%-20.4%
Operating lease liabilities121n/an/a
Other liabilities2,107n/an/a
Total liabilities and equity6,215n/an/a
Fixed assets272n/an/a
Goodwill3,265n/an/a
Intangible assets469n/an/a
Cash and equivalents332307168+8.1%+97.6%
Receivables752n/an/a
Inventory491n/an/a
Other assets634n/an/a
Total assets6,215n/an/a

Questions

What was Zebra Technologies' revenue in Q4 FY2021?

Zebra Technologies (ZBRA) reported revenue of $1.5 billion for Q4 FY2021, the quarter ended 31 December 2021, up 12.2% on the same quarter a year earlier.

How much did Zebra Technologies earn in Q4 FY2021?

Net income for Q4 FY2021 was $191 million, down 4.0% on the year, and diluted earnings per share $3.54.

When did Zebra Technologies report Q4 FY2021 results?

Zebra Technologies filed its 10-K for the year that ended with the quarter on 10 February 2022; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue1,4671,4321,4681,3781,5031,4051,2149561,0091,1751,2171,2551,3341,3081,2931,3201,4751,4951,5571,614
Cost of revenue798795794750818738633529561612628642686663677686777753732876
Gross profit669637674628685667581427448563589613648645616634698742825738
Gross margin46%44%46%46%46%47%48%45%44%48%48%49%49%49%48%48%47%50%53%46%
R&D145137148143142146130127116138146141138151144146152165159158
Operating income223212-145202260225194-12.074.0159167191225195183183139215321237
Operating margin15%15%-10%15%17%16%16%-1%7%14%14%15%17%15%14%14%9%14%21%15%
Interest expensen/an/an/an/an/an/a16.016.0n/a17.023.031.027.023.025.023.037.037.035.035.0
Pre-tax income226250-153222225185171-24.02.014213614920816513815998.0167285198
Tax rate15%18%n/a23%17%19%16%n/a-750%19%17%8%22%18%19%36%29%19%18%17%
Net income191205-98.0170186150144-15.017.011511313716313611210170.0135233164
Net margin13%14%-7%12%12%11%12%-2%2%10%9%11%12%10%9%8%5%9%15%10%
Diluted EPS$3.54$3.83-$1.87$3.26$3.57$2.90$2.78-$0.28$0.32$2.23$2.17$2.64$3.14$2.62$2.19$1.97$1.39$2.72$4.85$3.43
Operating cash flow23354.010067.0267-76.0-34.0-35.0141125288294306178147235357176211324
Capital expenditure21.014.017.020.024.016.018.014.039.014.010.017.018.020.017.019.030.013.013.024.0
Free cash flow21240.083.047.0243-92.0-52.0-49.0102111278277288158130216327163198300
Buybacks32.030530050.096.015.037.00.00.00.00.016.031.012512534.030330026875.0
Shares outstanding53m53m52m52m51m51m51m51m51m51m52m52m51m51m51m51m49m48m47m47m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 31 December 2021, filed 10 February 2022: the filing.