Zebra Technologies Corporation ZBRA Income Statement

Zebra technologies corporation (ZBRA)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jul'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Net sales:
Total Net sales
1,052,000	1,192,000	1,130,000	1,097,000	1,066,000	1,137,000	1,092,000	1,012,000	977,000	1,026,000	935,000	896,000	865,000	942,000	904,000	879,000	849,000	951,000	916,000	890,000	893,000	791,000	304,000	288,000	288,000	284,380	263,523	253,160	236,937	253,179	252,037	247,077	243,875	247,308	253,338	245,541	237,301	234,019	229,807	218,558	211,975	200,778	187,676
Cost of sales:
Total Cost of sales
579,000	648,000	595,000	577,000	565,000	598,000	587,000	540,000	512,000	557,000	506,000	485,000	464,000	510,000	490,000	473,000	459,000	523,000	502,000	497,000	484,000	455,000	152,000	146,000	140,000	143,962	134,913	132,253	123,872	128,719	125,113	126,700	123,992	125,788	129,785	123,843	117,303	119,663	120,560	119,149	114,212	109,080	105,940
Gross profit
473,000	544,000	535,000	520,000	501,000	539,000	505,000	472,000	465,000	469,000	429,000	411,000	401,000	432,000	414,000	406,000	390,000	428,000	414,000	393,000	409,000	336,000	152,000	142,000	148,000	140,418	128,610	120,907	113,065	124,460	126,924	120,377	119,883	121,520	123,553	121,698	119,998	114,356	109,247	99,409	97,763	91,698	81,736
Operating expenses:
Selling and marketing
122,000	130,000	124,000	127,000	122,000	122,000	120,000	121,000	120,000	112,000	113,000	114,000	109,000	107,000	112,000	112,000	113,000	127,000	120,000	125,000	122,000	105,000	37,000	36,000	35,000	36,260	34,395	33,830	33,515	33,313	32,321	32,158	32,114	36,377	31,942	30,950	28,528	31,942	28,068	27,682	24,673	26,395	24,398
Research and development
105,000	118,000	110,000	108,000	111,000	121,000	113,000	109,000	101,000	98,000	96,000	99,000	96,000	92,000	96,000	95,000	93,000	99,000	100,000	100,000	96,000	79,000	25,000	24,000	23,000	23,565	22,376	23,201	21,858	22,605	22,007	22,336	20,416	23,174	22,584	22,487	21,681	21,736	21,862	20,653	18,324	21,454	20,949
General and administrative
74,000	79,000	78,000	90,000	76,000	89,000	75,000	93,000	71,000	87,000	71,000	68,000	75,000	82,000	74,000	77,000	74,000	80,000	67,000	70,000	66,000	59,000	25,000	26,000	28,000	24,218	22,452	24,053	25,277	20,964	22,481	24,402	24,320	18,973	18,978	20,688	22,706	17,809	18,147	17,955	19,318	22,447	18,077
Amortization of intangible assets
16,000	19,000	26,000	30,000	28,000	26,000	25,000	23,000	23,000	33,000	49,000	52,000	50,000	51,000	59,000	60,000	59,000	60,000	59,000	63,000	68,000	46,000	3,000	3,000	2,000	1,443	1,831	1,863	1,863	1,463	1,670	770	770	806	843	836	835	891	839	740	741	2,649	2,575
Acquisition and integration costs
1,000	2,000	12,000	4,000	4,000	0	6,000	0	2,000	0	4,000	19,000	27,000	27,000	28,000	34,000	36,000	51,000	37,000	31,000	26,000	66,000	35,000	20,000	6,000	3,632	268	618	482	1,037	566	1,252	254	116	188	0	0	-	-	-	-	-	-
Impairment of goodwill and other intangibles
-	-	-	-	-	-	-	-	-	-	-	-	-	-	62,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	0	9,114	-	-	-	-	-	-	-	-	-	-	-	-
Litigation settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,082	0	0	0	-	-
Exit and restructuring costs
4,000	8,000	0	1,000	1,000	2,000	4,000	1,000	4,000	6,000	5,000	1,000	4,000	2,000	7,000	5,000	5,000	5,000	6,000	18,000	11,000	6,000	0	0	0	2,485	519	1,101	1,895	960	0	0	0	-49	138	66	1,886	30	0	466	1,766	3,515	3,643
Asset impairment charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,058
Total Operating expenses
322,000	356,000	350,000	360,000	342,000	360,000	343,000	347,000	321,000	336,000	338,000	353,000	361,000	361,000	438,000	383,000	380,000	422,000	389,000	407,000	389,000	361,000	125,000	109,000	94,000	91,603	81,841	84,666	84,890	80,342	88,159	80,918	77,874	79,397	74,673	75,027	75,636	71,326	68,916	67,496	64,822	76,460	68,584
Operating income
151,000	188,000	185,000	160,000	159,000	179,000	162,000	125,000	144,000	133,000	91,000	58,000	40,000	71,000	-24,000	23,000	10,000	6,000	25,000	-14,000	20,000	-25,000	27,000	33,000	54,000	48,815	46,769	36,241	28,175	44,118	38,765	39,459	42,009	42,123	48,880	46,671	44,362	43,030	40,331	31,913	32,941	15,238	13,152
Other expenses:
Investment income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	550	473	677	526	541	826	592	594	134	656	560	567	635	634	842	813	247
Foreign exchange loss
-3,000	-4,000	2,000	-1,000	-3,000	0	-1,000	-4,000	0	-3,000	1,000	2,000	-1,000	-1,000	-1,000	-5,000	2,000	-1,000	-5,000	11,000	-27,000	-9,000	0	0	0	-267	-173	-462	-98	-5	-514	-80	-342	-706	-173	-833	-294	-613	-148	424	168	575	-131
Interest expense, net
-45,000	174,000	-28,000	-33,000	-24,000	143,000	-18,000	-23,000	-11,000	403,000	-95,000	-40,000	-41,000	338,000	-46,000	-49,000	-50,000	48,000	-46,000	-50,000	-51,000	60,000	0	2,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Forward interest rate swaps (loss) gain
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
0	-1,000	0	3,000	-1,000	8,000	0	2,000	0	-	-4,000	-1,000	-	-2,000	-6,000	-2,000	-1,000	0	1,000	-	-	1,000	-2,000	0	0	3,531	-5	1,464	10	-577	-294	-486	-364	-899	-859	-243	-254	-232	-160	-455	-270	-286	-19
Total Other expenses, net
-48,000	-9,000	-26,000	-31,000	-28,000	-31,000	-19,000	-25,000	-11,000	-55,000	-98,000	-39,000	-42,000	-51,000	-53,000	-56,000	-49,000	-49,000	-50,000	-39,000	-78,000	-68,000	-2,000	-2,000	0	1,564	372	1,475	589	-56	-267	260	-114	-1,011	-898	-420	12	-278	327	603	740	1,102	97
(Loss) income before income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-43,000	-	-	-	-93,000	25,000	31,000	54,000	50,379	47,141	37,716	28,764	44,062	38,498	39,719	41,895	41,112	47,982	46,251	44,374	42,752	40,658	32,516	33,681	16,340	13,249
Income before income tax
103,000	179,000	159,000	129,000	131,000	148,000	143,000	100,000	133,000	78,000	-7,000	19,000	-2,000	20,000	-77,000	-33,000	-39,000	-44,000	-25,000	-53,000	-58,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax expense
14,000	10,000	23,000	5,000	16,000	33,000	16,000	30,000	24,000	74,000	5,000	2,000	-10,000	3,000	6,000	12,000	-13,000	-15,000	4,000	24,000	-33,000	-41,000	10,000	4,000	12,000	9,079	8,541	7,158	5,222	9,263	11,917	9,366	11,731	8,253	13,795	13,082	14,246	13,117	13,411	10,331	8,134	5,229	4,238
Net (loss) income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-28,000	-	-	-	-52,000	15,000	27,000	42,000	-	38,600	30,558	-	34,799	26,581	30,353	-	32,859	34,187	33,169	30,128	29,635	27,247	22,185	25,547	-	-
Income from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	8	-	191	516	300	-	2,185	10,814	-205	31,506	-1,418	-1,096	492	-814	-	-
Net income
89,000	169,000	136,000	124,000	115,000	115,000	127,000	70,000	109,000	4,000	-12,000	17,000	8,000	17,000	-83,000	-45,000	-26,000	-27,000	-29,000	-77,000	-25,000	-	-	-	-	-	38,600	30,566	23,542	34,990	27,097	30,653	30,164	35,044	45,001	32,964	61,634	28,217	26,151	22,677	24,733	11,111	9,011
Basic earnings per share
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	-	0.00	0.01	0.01	-	0.04	0.20	0.00	0.57	-0.03	-0.02	0.01	-0.01	-	-
Basic earnings per share (USD per share)
1.66	3.14	2.52	2.28	2.14	2.14	2.37	1.31	2.04	0.07	-0.23	0.33	0.16	0.34	-1.61	-0.88	-0.50	-0.53	-0.57	-1.50	-0.50	-1.02	0.29	0.54	0.83	0.83	0.76	0.60	0.46	0.69	0.53	0.59	0.58	0.67	0.84	0.60	1.11	0.50	0.46	0.39	0.43	0.19	0.15
Basic (loss) earnings per share (in USD per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.76	0.60	-	0.69	0.52	0.58	-	0.63	0.64	0.60	0.54	0.53	0.48	0.38	0.44	-	-
Diluted earnings per share
Income (loss) from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.76	0.60	-	0.68	0.51	0.58	-	0.63	0.64	0.60	0.54	0.53	0.48	0.38	0.44	-	-
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	-	0.00	0.01	0.01	-	0.04	0.20	0.00	0.56	-0.03	-0.02	0.01	-0.02	-	-
Diluted earnings per share (USD per share)
1.65	3.09	2.50	2.26	2.12	2.12	2.34	1.29	2.01	0.07	-0.23	0.32	0.16	0.34	-1.61	-0.88	-0.50	-0.53	-0.57	-1.50	-0.50	-1.02	0.29	0.54	0.82	0.81	0.76	0.60	0.46	0.68	0.52	0.59	0.58	0.67	0.84	0.60	1.10	0.50	0.46	0.39	0.42	0.19	0.15
Basic weighted average shares outstanding (in shares)
-	-	-	-	-	-	-	-	-	-	-	51,996	51,842	-	51,690	51,533	51,299	51,207	51,151	50,917	50,666	50,452	50,835	50,606	50,402	50,301	50,590	50,900	50,980	50,968	51,566	51,771	51,998	52,108	53,339	54,546	55,353	56,332	56,739	57,489	58,016	58,954	59,271
Diluted weighted average and equivalent shares outstanding (in shares)
-	-	-	-	-	-	-	-	-	-	-	53,128	52,946	-	51,690	51,533	51,299	51,207	51,151	50,917	50,666	50,452	51,460	51,277	50,974	50,679	50,924	51,283	51,366	51,262	51,809	52,030	52,301	52,354	53,628	54,958	55,774	56,692	56,998	57,737	58,265	59,083	59,352
Tangible products
Total Net sales
901,000	1,039,000	981,000	963,000	924,000	998,000	959,000	889,000	839,000	899,000	810,000	779,000	735,000	815,000	772,000	753,000	716,000	827,000	788,000	762,000	755,000	684,000	283,000	270,000	262,000	269,051	249,919	239,909	225,121	241,257	239,786	234,708	232,476	235,714	241,686	232,762	226,120	222,048	218,271	207,748	201,463	175,334	161,928
Total Cost of sales
486,000	550,000	497,000	488,000	471,000	503,000	495,000	450,000	423,000	470,000	420,000	408,000	379,000	429,000	402,000	387,000	375,000	433,000	403,000	407,000	386,000	383,000	142,000	137,000	130,000	137,034	128,191	125,664	117,111	121,869	118,751	119,980	119,033	118,792	122,529	117,732	110,781	112,550	114,924	114,081	109,075	98,682	96,576
Services and software
Total Net sales
151,000	153,000	149,000	134,000	142,000	139,000	133,000	123,000	138,000	127,000	125,000	117,000	130,000	127,000	132,000	126,000	133,000	124,000	128,000	128,000	138,000	107,000	21,000	18,000	26,000	15,329	13,604	13,251	11,816	11,922	12,251	12,369	11,399	11,594	11,652	12,779	11,181	11,971	11,536	10,810	10,512	25,444	25,748
Total Cost of sales
93,000	98,000	98,000	89,000	94,000	95,000	92,000	90,000	89,000	87,000	86,000	77,000	85,000	81,000	88,000	86,000	84,000	90,000	99,000	90,000	98,000	72,000	10,000	9,000	10,000	6,928	6,722	6,589	6,761	6,850	6,362	6,720	4,959	6,996	7,256	6,111	6,522	7,113	5,636	5,068	5,137	10,398	9,364