Zimmer biomet holdings, inc. (ZBH)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09Sep'08
Net Sales

7,790

7,982

7,927

7,871

7,890

7,932

7,930

7,906

7,848

7,803

7,732

7,752

7,736

7,668

7,604

7,533

6,767

5,997

5,287

4,630

4,646

4,673

4,691

4,659

4,646

4,623

4,563

4,514

4,469

4,471

4,458

4,464

4,476

4,451

4,419

4,352

4,273

4,220

4,192

4,203

4,165

4,095

3,940

0

0

0

Cost of products sold, excluding intangible asset amortization

2,186

2,252

2,253

2,247

2,249

2,271

2,279

2,251

2,195

2,132

2,163

2,141

2,254

2,381

2,429

2,502

2,156

1,800

1,442

1,186

1,224

1,242

1,252

1,285

1,277

1,266

1,244

1,171

1,129

1,125

1,129

1,125

1,131

1,122

1,092

1,060

1,022

1,012

1,012

1,042

1,028

990

953

0

0

0

Intangible asset amortization

588

584

584

585

588

595

599

604

602

603

593

605

591

565

586

544

443

337

196

94

83

92

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gross Profit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

3,319

3,343

3,340

3,346

3,329

3,338

3,345

3,329

3,326

3,292

3,250

3,208

3,180

3,160

3,136

3,104

2,986

0

0

0

Research and development

446

449

429

410

397

391

385

381

374

369

370

375

371

365

355

343

306

268

229

191

188

187

186

190

196

203

213

217

219

225

235

242

242

238

230

226

223

218

213

208

204

205

201

0

0

0

Selling, general and administrative

3,376

3,343

3,465

3,423

3,374

3,379

3,263

3,187

3,148

3,104

2,990

3,006

2,985

2,944

2,900

2,864

2,577

2,284

2,007

1,738

1,730

1,750

1,695

1,711

1,733

1,749

1,817

1,809

1,804

1,807

1,808

1,822

1,839

1,834

1,833

1,801

1,770

1,759

1,757

1,758

1,752

1,729

1,672

0

0

0

Acquisition, quality remediation and other (Note 4)

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Certain claims (Note 20)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

0

0

-

-

-

0

-

-

-

-

-

-

-

0

-

-

-

0

-

-

0

-

-

0

Goodwill impairment

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring and other cost reduction initiatives

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill and intangible asset impairment

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Quality remediation

79

82

97

109

124

146

163

181

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible asset impairment

-

-

-

0

-

-

0

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition, integration and related

10

12

1

19

59

99

175

230

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net curtailment and settlement (Note 14)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

Special items (Note 2)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

484

510

841

839

928

798

391

341

219

200

213

210

209

200

155

155

129

100

83

75

62

59

57

34

0

0

0

-

-

-

-

-

Operating expenses

7,459

6,844

7,917

7,884

7,811

7,899

7,146

7,134

7,092

7,004

6,714

6,750

6,813

6,847

6,748

6,757

6,324

5,530

5,447

4,652

3,942

3,636

3,836

3,519

3,564

3,554

2,398

2,384

2,290

2,299

2,280

2,273

2,322

2,305

2,380

2,341

2,330

2,291

2,148

2,196

2,103

2,085

1,996

0

0

0

Acquisition, integration, realignment and other (Note 2)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

Operating (Loss) Profit

331

1,137

10

-12

79

33

784

772

756

799

1,017

1,002

923

821

856

776

442

467

474

614

1,007

1,037

1,164

1,121

1,070

1,068

920

958

1,050

1,047

1,048

1,065

1,022

1,024

945

950

919

916

1,032

964

1,033

1,018

990

0

0

0

Other income (expense), net

-1

-4

-16

-14

-12

-15

-13

-13

-12

-9

-62

-61

-63

-66

-98

-93

-63

-36

5

-11

-25

-46

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income

-

-

-

-

-

-

-

-

-

-

1

1

2

-

4

6

8

9

10

11

12

11

12

13

14

15

16

16

16

15

14

11

11

10

0

0

0

-

-

-

-

-

-

-

-

-

Interest expense

-219

-226

-243

-253

-269

-289

-793

-643

-486

-325

-375

-366

-360

-355

357

357

351

286

212

138

71

63

63

64

66

70

72

73

73

72

70

64

59

55

142

115

87

60

0

0

0

-

-

-

-

-

(Loss) earnings before income taxes

110

905

-249

-280

-202

-271

470

444

422

464

619

595

510

399

502

430

81

153

207

405

880

939

1,082

1,050

1,010

1,008

864

901

992

990

992

1,012

973

978

899

902

866

860

980

922

1,001

998

1,006

0

0

0

Interest and other income (expense), net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16

0

0

0

Provision for income taxes

-266

-225

-156

82

106

108

-1,283

-1,246

-1,267

-1,348

-32

-115

14

95

140

204

-2

7

38

86

211

220

257

244

228

229

188

201

230

237

235

241

213

218

261

263

266

263

263

246

281

280

229

0

0

0

Net (Loss) Earnings

376

1,131

-92

-362

-309

-379

1,754

1,691

1,690

1,813

651

711

495

304

361

225

83

146

168

319

669

719

824

806

781

778

676

699

762

752

756

770

760

760

795

0

0

-

0

-

-

-

-

-

-

0

Less: Net (loss) earnings attributable to noncontrolling interest

-0

-0

-2

-3

-1

-0

1

1

1

-0

-0

-1

-1

-1

-1

-0

-0

-0

-0

-0

-1

-1

-1

-1

-1

-1

-1

-1

-2

-2

-1

0

0

-

0

-

-

-

-

-

-

-

-

-

-

0

Net (Loss) Earnings of Zimmer Biomet Holdings, Inc.

377

1,131

-90

-359

-307

-379

1,753

1,689

1,689

1,813

652

712

496

305

363

226

84

147

169

320

670

720

826

807

783

780

677

701

764

755

758

772

761

760

639

638

600

596

717

676

720

717

776

0

0

0

(Loss) Earnings Per Common Share
Basic

-2.46

1.57

2.10

0.65

1.20

-4.43

0.80

0.91

0.86

6.09

0.49

0.91

1.49

0.36

0.79

-0.16

0.54

0.66

0.11

-1.00

1.01

0.88

1.02

1.05

1.31

1.49

0.91

0.90

1.30

0.90

1.02

1.22

1.18

0.89

1.02

1.06

1.08

0.19

0.96

0.82

1.01

0.75

0.70

0.98

0.91

0.96

Diluted

-2.46

1.54

2.08

0.65

1.20

-4.40

0.79

0.90

0.85

6.05

0.48

0.90

1.47

0.35

0.78

-0.16

0.54

0.67

0.11

-1.00

0.99

0.87

1.01

1.03

1.29

1.47

0.90

0.89

1.28

0.88

1.02

1.22

1.17

0.88

1.01

1.06

1.08

0.18

0.96

0.82

1.01

0.73

0.70

0.98

0.91

0.95

Weighted Average Common Shares Outstanding
Basic

206

205

205

204

204

204

203

203

203

202

202

201

201

200

200

199

200

203

203

173

170

169

169

168

169

170

170

168

168

172

174

175

177

178

187

191

192

196

198

201

203

210

213

214

221

224

Diluted

206

207

207

206

205

199

205

204

204

204

204

203

203

205

202

199

202

207

205

173

172

172

171

171

171

173

172

170

170

174

175

176

178

179

188

192

193

197

199

203

204

211

214

215

222

225

Cash Dividends Declared Per Common Share

-

-

-

-

-

-

-

-

-

-

0.24

0.24

0.24

-

0.24

0.24

0.24

0.22

0.22

0.22

0.22

0.22

0.22

0.22

0.22

0.20

0.20

0.20

0.20

-

0.18

0.18

-

-

-

-

-

-

-

-

-

-

-

-

-

-