Zimmer Biomet (ZBH) Financials

$23.2 B

Mkt cap, 21-May-2018
EBIT (Q1, 2018)305 M

Revenue/Financials

Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

4.6 b4.7 b6 b7.7 b

Revenue growth, %

1%28%28%

Cost of goods sold

1.3 b1.2 b1.8 b2.4 b

Gross profit

3.3 b3.4 b4.2 b5.3 b

Gross profit Margin, %

72%73%70%69%

EBIT

1 b1 b467.3 m825.9 m

EBIT margin, %

22%22%8%11%

Interest expense

70.1 m63.1 m286.6 m357.9 m

Interest income

15.6 m11.9 m9.4 m2.9 m

Pre tax profit

981.1 m943.9 m153.2 m399.6 m

Income tax expense

221.9 m224.9 m7 m95 m

Net Income

759.2 m719 m146.2 m304.6 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

1.1 b1.2 b1.2 b1.1 b1.1 b1.2 b176.2 m1.9 b1.9 b1.8 b2 b2 b1.8 b

Cost of goods sold

328.8 m305.4 m333.2 m298.3 m278.7 m290.5 m552.1 m635.2 m640.1 m479.3 m512.9 m527.7 m

Gross profit

745.5 m856.1 m849.7 m807.7 m855.7 m877.1 m(375.9 m)1.3 b1.3 b1.4 b1.5 b1.4 b

Gross profit Margin, %

69%74%72%73%75%75%(213%)67%67%74%74%73%

R&D expense

49.4 m47.5 m48.1 m46.1 m48.4 m51.4 m83.3 m85.7 m88.6 m95.6 m91.1 m90.1 m

General and administrative expense

438 m464.3 m455.8 m443.5 m425 m445.1 m692.3 m716.9 m732 m727.7 m760.8 m748 m

Operating expense total

487.4 m511.8 m503.9 m489.6 m473.4 m496.5 m775.6 m802.6 m820.6 m823.3 m851.9 m838.1 m

EBIT

211.7 m298.4 m259.3 m251.2 m274.9 m(129.5 m)116 m245.5 m201.6 m195.5 m350.4 m282.3 m213.4 m

EBIT margin, %

20%26%22%23%24%(11%)66%13%10%11%18%14%12%

Interest expense

17.1 m15 m15.8 m16.3 m23.1 m82.7 m90.8 m88.2 m88.1 m91.5 m82.9 m82.3 m82.3 m

Interest income

3.8 m2.5 m2.9 m3 m2.6 m2.5 m2.3 m1.3 m800 k600 k500 k300 k600 k

Pre tax profit

198.4 m285.9 m236.4 m227.4 m231.8 m(213.7 m)31.8 m154.8 m110.5 m103.5 m265.2 m196.4 m127.2 m

Income tax expense

44.3 m64.8 m60.3 m62.1 m55 m(55.5 m)9.6 m49 m142.2 m(54.4 m)(34.1 m)12.3 m

Net Income

154.1 m221.1 m176.1 m165.3 m176.8 m(158.2 m)22.2 m105.8 m(31.7 m)157.9 m299.3 m184.1 m98.8 m

Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

1.1 b1.1 b1.5 b634.1 m

Accounts Receivable

936.6 m912.1 m1.4 b1.6 b

Prepaid Expenses

107.1 m193.7 m538.4 m465.7 m

Inventories

1.1 b1.2 b2.3 b2 b

Current Assets

4.2 b4.3 b5.9 b4.7 b

PP&E

1.2 b1.3 b2.1 b2 b

Goodwill

2.6 b2.5 b9.9 b10.6 b

Total Assets

9.6 b9.6 b27.2 b26.7 b

Accounts Payable

146.3 m167.1 m284.8 m364.5 m

Short-term debt

575.6 m1.2 b

Current Liabilities

1 b1 b1.6 b2.4 b

Long-term debt

1.7 b1.4 b11.6 b10.7 b

Total Debt

1.7 b1.4 b11.6 b11.2 b1.2 b

Total Liabilities

3.3 b3.1 b17.3 b17 b14.2 b

Common Stock

2.6 m2.7 m3 m3.1 m

Additional Paid-in Capital

4 b4.3 b8.2 b8.4 b

Retained Earnings

7.7 b8.3 b8.3 b8.5 b

Total Equity

6.3 b6.5 b9.9 b9.7 b

EPS

4.4 4.2 0.8 1.5

Debt to Equity Ratio

0.3 x0.2 x1.2 x1.2 x

Debt to Assets Ratio

0.2 x0.1 x0.4 x0.4 x

Financial Leverage

1.5 x1.5 x2.8 x2.8 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

917.4 m882.7 m968.7 m967.3 m8.8 b1.4 b1.5 b996.8 m976.3 m475.3 m1 b450 m480.8 m

Accounts Receivable

869.8 m1.5 b1.4 b1.6 b1.6 b1.6 b1.6 b1.4 b

Prepaid Expenses

246.8 m551.7 m475.8 m420.7 m518.9 m535.8 m463.3 m527.2 m

Inventories

1.1 b1.1 b1.1 b1.2 b1.2 b2.4 b2.4 b2.1 b2 b2.1 b2 b2 b2.1 b

Current Assets

3.8 b4 b4.2 b4.3 b11.9 b6.8 b6.4 b5.1 b5.1 b4.7 b5.1 b4.4 b4.4 b

PP&E

1.2 b1.2 b1.3 b1.3 b1.3 b2 b2 b2 b2 b2.1 b2.1 b2.1 b

Goodwill

2.6 b2.6 b2.6 b2.5 b2.4 b7.7 b7.7 b10.1 b10 b10.8 b10.7 b10.9 b10.9 b

Total Assets

9.4 b9.4 b9.6 b9.7 b17.2 b27.2 b26.7 b26.3 b26 b27 b27 b26.5 b26.4 b

Accounts Payable

146.6 m155.3 m171.8 m149.1 m174.9 m268.2 m223.6 m252.6 m243.8 m266.3 m335.9 m360.2 m327.1 m

Short-term debt

300 k225 m500 k575.8 m975 m1.3 b1.2 b1.6 b

Current Liabilities

804.2 m918.7 m952.9 m1.1 b908.7 m2.2 b1.8 b1.5 b2.1 b2.3 b2.7 b3 b3 b

Long-term debt

1.7 b1.7 b1.7 b1.4 b9.1 b11.7 b11.7 b11.1 b10.5 b11 b10.5 b9.4 b9.2 b

Total Debt

1.7 b1.7 b1.7 b1.4 b9.1 b11.8 b11.9 b11.1 b10.5 b11.6 b11.5 b10.7 b10.4 b1.6 b

Total Liabilities

3.2 b3.1 b3.2 b3.1 b10.6 b17.1 b16.7 b16.6 b16.4 b17.3 b17.1 b16.2 b16 b

Common Stock

2.7 m3 m3 m3 m3 m3 m3.1 m3 m

Additional Paid-in Capital

3.8 b4.1 b4.2 b4.3 b4.4 b8.1 b8.2 b8.2 b8.3 b8.3 b8.4 b8.5 b8.5 b

Retained Earnings

7.5 b7.9 b8 b8.2 b8.4 b8.2 b8.3 b8.4 b8.3 b8.4 b8.6 b8.8 b8.8 b

Total Equity

6.1 b6.2 b6.5 b6.5 b6.6 b10.1 b10 b966.1 m9.5 b9.7 b9.9 b1 b10.5 b

EPS

1 (0.9 )0.1 0.5 (0.2 )0.8 1.5 0.9

Debt to Equity Ratio

1.4 x1.2 x1.2 x11.5 x1.1 x1.2 x1.2 x10.4 x1 x

Debt to Assets Ratio

0.5 x0.4 x0.4 x0.4 x0.4 x0.4 x0.4 x0.4 x0.4 x

Financial Leverage

1.5 x1.5 x1.5 x1.5 x2.6 x2.7 x2.7 x27.2 x2.7 x2.8 x2.7 x25.7 x2.5 x

Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

759.2 m719 m146.2 m304.6 m

Depreciation and Amortization

358.5 m375.8 m712.4 m1 b

Accounts Receivable

(74.3 m)(40.4 m)(56.1 m)(137.8 m)

Inventories

(128.4 m)(154.1 m)(205.4 m)76.4 m

Accounts Payable

38.3 m120.1 m(263.1 m)28.7 m

Cash From Operating Activities

963.1 m1.1 b816.7 m1.6 b

Purchases of PP&E

(100 m)(144.9 m)(167.7 m)(184.7 m)

Cash From Investing Activities

(282.5 m)(469.4 m)(7.6 b)(1.7 b)

Cash From Financing Activities

(467.3 m)(562.4 m)7.1 b(743.2 m)

Net Change in Cash

196.3 m2.7 m376 m(825.2 m)

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

154.1 m221.1 m176.1 m165.3 m176.8 m18.6 m19.5 m105.8 m77 m234.9 m299.3 m483.4 m98.8 m

Depreciation and Amortization

89 m188.6 m428.1 m246.9 m499.2 m787.3 m267.6 m531.7 m

Accounts Receivable

6.6 m(59.3 m)29.4 m(83.4 m)(120.8 m)(80.3 m)26.8 m228.8 m

Inventories

(62.2 m)(149.9 m)(196.5 m)38.3 m60.2 m44.2 m(11.5 m)(68.8 m)2.1 b

Accounts Payable

(149.5 m)95.8 m(251.5 m)(120.7 m)(141.9 m)(76 m)(137 m)(203.7 m)327.1 m

Cash From Operating Activities

91.5 m278.3 m429.6 m265.2 m652.4 m1 b275.4 m715.9 m

Purchases of PP&E

(34.4 m)(64.8 m)(118.6 m)(27.6 m)(73.7 m)(130.1 m)(431 m)(73.8 m)

Cash From Investing Activities

67.9 m(7.7 b)(7.7 b)95.8 m(170.4 m)(1.5 b)(133.1 m)(262.1 m)

Cash From Financing Activities

7.6 b7.8 b7.7 b(825.3 m)(953.3 m)(434.1 m)256.1 m(656.9 m)

Net Change in Cash

7.6 b341.3 m383.6 m(462.5 m)(483 m)(984 m)405.4 m(184.1 m)
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Operating Metrics

FY, 2014FY, 2015FY, 2016

Countries

100 100 100

Patents and Patent Applications

4.50 k7 k8 k
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