ZEBRA TECHNOLOGIES CORP

For the period ended Dec 31, 2023. Filed Feb 15, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 15, 2024

ZBRA$326.71+1.5%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

(In millions, except per share data)

	Year Ended December 31,
	2023	2022	2021
Net sales:
Tangible products	$3,665	$4,915	$4,845
Services and software	919	866	782
Total Net sales	4,584	5,781	5,627
Cost of sales:
Tangible products	2,012	2,699	2,590
Services and software	449	458	409
Total Cost of sales	2,461	3,157	2,999
Gross profit	2,123	2,624	2,628
Operating expenses:
Selling and marketing	581	607	587
Research and development	519	570	567
General and administrative	334	375	348
Settlement and related costs	—	372	—
Amortization of intangible assets	104	136	115
Acquisition and integration costs	6	21	25
Exit and restructuring costs	98	14	7
Total Operating expenses	1,642	2,095	1,649
Operating income	481	529	979
Other (loss) income, net:
Foreign exchange loss	(2)	(3)	(5)
Interest (expense) income, net	(133)	23	(5)
Other expense, net	(12)	(5)	(1)
Total Other (expense) income, net	(147)	15	(11)
Income before income tax	334	544	968
Income tax expense	38	81	131
Net income	$296	$463	$837
Basic earnings per share	$5.75	$8.86	$15.66
Diluted earnings per share	$5.72	$8.80	$15.52

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.