Zebra Technologies was founded in 1969 and is headquartered in Lincolnshire, US

Zebra Technologies has offices in Lincolnshire, Hebron, Greenville, Chicago and in 18 other locations

Lincolnshire, US (HQ)

3 Overlook Point

Mississauga, CA

2100 Meadowvale Blvd

São Paulo, BR

Cidade Jardim Corporate Center Avenida Magalhaes D Castro No. 4800 Tower 3, Suites 72, 81 And 82 7th And 8th Floors

Reynosa, MX

Avenida Industrial Rio San Juan Mz 9 L4 Parque Del Norte Reynosa

Ciudad De México, MX

571 Añil

Ciudad De México, MX

José Vasconcelos 105, Piso 2 Col. Hipódromo Condesa Delegación Cuauhtémoc, C.P. 06170

Zebra Technologies's revenue was reported to be $3.6 b in FY, 2016 which is a **2% decrease** from the previous period.

USD

## Revenue (FY, 2016) | 3.6 b |

## Revenue growth (FY, 2015 - FY, 2016), % | (2%) |

## Gross profit (FY, 2016) | 1.6 b |

## Gross profit margin (FY, 2016), % | 46% |

## Net income (FY, 2016) | (137 m) |

## EBIT (FY, 2016) | 80 m |

## Market capitalization (19-Jul-2017) | 5.3 b |

## Closing share price (19-Jul-2017) | 100.5 |

## Cash (31-Dec-2016) | 156 m |

## EV | 7.8 b |

Zebra Technologies's current market capitalization is $5.3 b.

- Source: SEC Filings

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 1 b | 1.7 b | 3.7 b | 3.6 b |

## Revenue growth, % | 61% | 119% | (2%) | |

## Cost of goods sold | 534.5 m | 892.5 m | 2 b | 1.9 b |

## Gross profit | 503.6 m | 778 m | 1.6 b | 1.6 b |

## Gross profit Margin, % | 49% | 47% | 45% | 46% |

## R&D expense | 376 m | |||

## General and administrative expense | 307 m | |||

## Operating expense total | 343.3 m | 689.4 m | 1.6 b | 1.6 b |

## EBIT | 160.3 m | 88.6 m | 53 m | 80 m |

## EBIT margin, % | 15% | 5% | 1% | 2% |

## Interest expense | 56.8 m | 194 m | 193 m | |

## Pre tax profit | 163.8 m | 16.6 m | (164 m) | (129 m) |

## Income tax expense | 29.6 m | (15.8 m) | (27 m) | 8 m |

## Net Income | 134.4 m | 32.4 m | (137 m) | (137 m) |

- Source: SEC Filings

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 62.8 m | 394 m | 192 m | 156 m |

## Accounts Receivable | 176.9 m | 670.4 m | 674 m | 625 m |

## Inventories | 15.5 m | 53.4 m | 68 m | 345 m |

## Current Assets | 754.1 m | 1.7 b | 1.3 b | 1.2 b |

## PP&E | 109.6 m | 255.1 m | 298 m | 292 m |

## Goodwill | 155.8 m | 2.5 b | 2.5 b | 2.5 b |

## Total Assets | 1.1 b | 5.6 b | 5 b | 4.6 b |

## Accounts Payable | 34.7 m | 326.5 m | 289 m | 413 m |

## Total Debt | 3.2 b | 3 b | 2.6 b | |

## Current Liabilities | 119.1 m | 955.8 m | 876 m | 949 m |

## Total Liabilities | 3.8 b | |||

## Additional Paid-in Capital | 143.3 m | 147.1 m | 194 m | 210 m |

## Retained Earnings | 1.5 b | 1.5 b | 1.4 b | 1.2 b |

## Total Equity | 958.7 m | 1 b | 913 m | 792 m |

## Debt to Equity Ratio | 3.1 x | 3.3 x | 3.3 x | |

## Debt to Assets Ratio | 0.6 x | 0.6 x | 0.6 x | |

## Financial Leverage | 1.2 x | 5.4 x | 5.5 x | 5.8 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | 134.4 m | 32.4 m | (137 m) | (137 m) |

## Depreciation and Amortization | 7.4 m | 54.1 m | 251 m | 229 m |

## Accounts Receivable | (6.5 m) | (70 m) | (6 m) | 34 m |

## Accounts Payable | 7.5 m | 62.2 m | (21 m) | 125 m |

## Cash From Operating Activities | 194.8 m | 248.3 m | 111 m | 372 m |

## Purchases of PP&E | (20.2 m) | (39.3 m) | (122 m) | (77 m) |

## Cash From Investing Activities | (153.1 m) | (3.1 b) | (148 m) | (39 m) |

## Cash From Financing Activities | (44.2 m) | 3.2 b | (149 m) | (376 m) |

## Interest Paid | 183 m | 180 m | ||

## Income Taxes Paid | 18.4 m | 17.4 m | 38 m | 81 m |

Y, 2016 | |
---|---|

## EV/EBIT | 97.5 x |

## EV/CFO | 21 x |

## Debt/Equity | 3.3 x |

## Debt/Assets | 0.6 x |

## Financial Leverage | 5.8 x |

Zebra Technologies's Facilities was reported to be 115 in FY, 2016, which is a 7% decrease from the previous period. Zebra Technologies's Patent Applications was reported to be 950 in FY, 2015, which is a 14% decrease from the previous period

Source: 137 public H-1B filings from Zebra Technologies