Zebra Technologies (ZBRA) FY2022 results: revenue $5.8 billion, up 2.7% on the year
Zebra Technologies Corp. (ZBRA) reported revenue of $5.8 billion for fiscal 2022, the year ended 31 December 2022, up 2.7% on the year before. Net income was $463 million, down 44.7%, and diluted earnings per share $8.80. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2023.
Revenue
$5.8 billion
+2.7% on the year
FY2015FY2022
Operating margin
9.2%
17.4% a year earlier
FY2015FY2022
Net income
$463 million
-44.7% on the year
FY2015FY2022
Diluted EPS
$8.80
-43.3% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ 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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
488
1,069
962
-54.3%
Capital expenditure
75.0
59.0
67.0
+27.1%
Free cash flow
413
1,010
895
-59.1%
Free cash flow margin
7.1%
17.9%
20.1%
Cash from investing
-968
-546
-641
Cash from financing
253
-371
-157
Depreciation and amortisation
204
187
146
+9.1%
Share-based compensation
88.0
76.0
51.0
+15.8%
Buybacks
751
57.0
200
+1,217.5%
Diluted shares, weighted
53m
54m
54m
-2.5%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
2,733
2,984
2,144
-8.4%
Deposits
12.0
12.0
24.0
0.0%
Debt
2,023
991
1,245
+104.1%
Operating lease liabilities
139
121
129
+14.9%
Other liabilities
2,622
2,107
1,833
+24.4%
Total liabilities and equity
7,529
6,215
5,375
+21.1%
Fixed assets
278
272
274
+2.2%
Goodwill
3,899
3,265
2,988
+19.4%
Intangible assets
630
469
402
+34.3%
Investments
113
n/a
n/a
Cash and equivalents
105
332
168
-68.4%
Receivables
768
752
508
+2.1%
Inventory
860
491
511
+75.2%
Other assets
876
634
524
+38.2%
Total assets
7,529
6,215
5,375
+21.1%
10-K for the year ended 31 December 2022, filed 16 February 2023: the filing.