ZEBRA TECHNOLOGIES CORP

For the period ended Mar 29, 2025. Filed Apr 29, 2025.

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 29, 2025 · Filed Apr 29, 2025

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

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Item 1. Consolidated Financial Statements

CONSOLIDATED BALANCE SHEETS

	March 29,2025	December 31,2024
(Unaudited)
Assets
Current assets:
Cash and cash equivalents	$879	$901
Accounts receivable, net of allowances for doubtful accounts of $1 each as of March 29, 2025 and December 31, 2024	617	692
Inventories, net	681	693
Income tax receivable	20	20
Prepaid expenses and other current assets	94	134
Total Current assets	2,291	2,440
Property, plant and equipment, net	309	305
Right-of-use lease assets	165	167
Goodwill	3,927	3,891
Other intangibles, net	423	422
Deferred income taxes	545	512
Other long-term assets	239	231
Total Assets	$7,899	$7,968
Liabilities and Stockholders’ Equity
Current liabilities:
Current portion of long-term debt	$69	$79
Accounts payable	559	633
Accrued liabilities	411	503
Deferred revenue	464	453
Income taxes payable	78	36
Total Current liabilities	1,581	1,704
Long-term debt	2,103	2,092
Long-term lease liabilities	153	155
Deferred income taxes	57	57
Long-term deferred revenue	309	304
Other long-term liabilities	70	70
Total Liabilities	4,273	4,382
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	719	669
Treasury stock at cost, 21,013,606 and 20,645,798 shares as of March 29, 2025 and December 31, 2024, respectively	(2,025)	(1,900)
Retained earnings	4,996	4,860
Accumulated other comprehensive loss	(65)	(44)
Total Stockholders’ Equity	3,626	3,586
Total Liabilities and Stockholders’ Equity	$7,899	$7,968

CONSOLIDATED STATEMENTS OF OPERATIONS

	Three Months Ended
	March 29,2025	March 30,2024
Net sales:
Tangible products	$1,062	$929
Services and software	246	246
Total Net sales	1,308	1,175
Cost of sales:
Tangible products	542	498
Services and software	121	114
Total Cost of sales	663	612
Gross profit	645	563
Operating expenses:
Selling and marketing	161	148
Research and development	151	138
General and administrative	111	81
Amortization of intangible assets	24	26
Acquisition and integration costs	3	1
Exit and restructuring costs	—	10
Total Operating expenses	450	404
Operating income	195	159
Other (loss) income, net:
Foreign exchange (loss) gain	(5)	3
Interest expense, net	(23)	(17)
Other expense, net	(2)	(3)
Total Other expense, net	(30)	(17)
Income before income tax	165	142
Income tax expense	29	27
Net income	$136	$115
Basic earnings per share	$2.64	$2.24
Diluted earnings per share	$2.62	$2.23

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.