ZEBRA TECHNOLOGIES CORP

For the period ended Mar 30, 2024. Filed Apr 30, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 30, 2024 · Filed Apr 30, 2024

ZBRA$321.38-1.6%Stored close · as of Nov 10, 2026

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Contents

Item 1. Consolidated Financial Statements

CONSOLIDATED BALANCE SHEETS

	March 30,2024	December 31,2023
(Unaudited)
Assets
Current assets:
Cash and cash equivalents	$127	$137
Accounts receivable, net of allowances for doubtful accounts of $1 each as of March 30, 2024 and December 31, 2023	599	521
Inventories, net	705	804
Income tax receivable	36	63
Prepaid expenses and other current assets	160	147
Total Current assets	1,627	1,672
Property, plant and equipment, net	304	309
Right-of-use lease assets	166	169
Goodwill	3,894	3,895
Other intangibles, net	501	527
Deferred income taxes	455	438
Other long-term assets	312	296
Total Assets	$7,259	$7,306
Liabilities and Stockholders’ Equity
Current liabilities:
Current portion of long-term debt	$272	$173
Accounts payable	467	456
Accrued liabilities	437	504
Deferred revenue	456	458
Income taxes payable	11	7
Total Current liabilities	1,643	1,598
Long-term debt	1,815	2,047
Long-term lease liabilities	151	152
Deferred income taxes	66	67
Long-term deferred revenue	304	312
Other long-term liabilities	111	94
Total Liabilities	4,090	4,270
Stockholders’ Equity:
Preferred stock, $.01 par value; authorized 10,000,000 shares; none issued	—	—
Class A common stock, $.01 par value; authorized 150,000,000 shares; issued 72,151,857 shares	1	1
Additional paid-in capital	629	615
Treasury stock at cost, 20,751,889 and 20,772,995 shares as of March 30, 2024 and December 31, 2023, respectively	(1,858)	(1,858)
Retained earnings	4,447	4,332
Accumulated other comprehensive loss	(50)	(54)
Total Stockholders’ Equity	3,169	3,036
Total Liabilities and Stockholders’ Equity	$7,259	$7,306

CONSOLIDATED STATEMENTS OF OPERATIONS

	Three Months Ended
	March 30,2024	April 1,2023
Net sales:
Tangible products	$929	$1,170
Services and software	246	235
Total Net sales	1,175	1,405
Cost of sales:
Tangible products	498	618
Services and software	114	120
Total Cost of sales	612	738
Gross profit	563	667
Operating expenses:
Selling and marketing	148	161
Research and development	138	146
General and administrative	81	99
Amortization of intangible assets	26	26
Acquisition and integration costs	1	—
Exit and restructuring costs	10	10
Total Operating expenses	404	442
Operating income	159	225
Other income (loss), net:
Foreign exchange gain	3	1
Interest expense, net	(17)	(37)
Other expense, net	(3)	(4)
Total Other expense, net	(17)	(40)
Income before income tax	142	185
Income tax expense	27	35
Net income	$115	$150
Basic earnings per share	$2.24	$2.92
Diluted earnings per share	$2.23	$2.90

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.