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10-Q Filing

ZEBRA TECHNOLOGIES CORP CIK: 877212 Q1 2017
Filing Information
Form Type 10-Q
Accession Number 0000877212-17-000018
Period End Date 20170331
Filing Date 20170509
Fiscal Year 2017
Fiscal Period Q1
XBRL Instance zbra-20170401.xml
Filing Contents
Balance Sheet 78 line items
Line Item Tag Value Unit Period
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $4.00M USD Point-in-time
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $4.00M USD Point-in-time
Preferred stock, par value (USD per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, par value (USD per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $180.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $192.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $194.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $156.00M USD Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 10.00M shares Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 10.00M shares Point-in-time
Preferred stock, shares issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Accounts receivable, net of allowances for doubtful accounts of $4 AccountsReceivableNetCurrent $625.00M USD Point-in-time
Preferred stock, shares issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Accounts receivable, net of allowances for doubtful accounts of $4 AccountsReceivableNetCurrent $550.00M USD Point-in-time
Inventories, net InventoryNet $376.00M USD Point-in-time
Common stock, par value (USD per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Inventories, net InventoryNet $345.00M USD Point-in-time
Common stock, par value (USD per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Income tax receivable IncomeTaxesReceivable $32.00M USD Point-in-time
Income tax receivable IncomeTaxesReceivable $28.00M USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 150.00M shares Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 150.00M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 72.15M shares Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $64.00M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $35.00M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 72.15M shares Point-in-time
Treasury stock, shares (in shares) TreasuryStockShares 19.40M shares Point-in-time
Total Current assets AssetsCurrent $1.22B USD Point-in-time
Total Current assets AssetsCurrent $1.17B USD Point-in-time
Treasury stock, shares (in shares) TreasuryStockShares 19.27M shares Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $292.00M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $284.00M USD Point-in-time
Goodwill Goodwill $2.46B USD Point-in-time
Goodwill Goodwill $2.46B USD Point-in-time
Other intangibles, net IntangibleAssetsNetExcludingGoodwill $430.00M USD Point-in-time
Other intangibles, net IntangibleAssetsNetExcludingGoodwill $480.00M USD Point-in-time
Long-term deferred income taxes DeferredTaxAssetsLiabilitiesNetNoncurrent $113.00M USD Point-in-time
Long-term deferred income taxes DeferredTaxAssetsLiabilitiesNetNoncurrent $121.00M USD Point-in-time
Other long-term assets OtherAssetsNoncurrent $67.00M USD Point-in-time
Other long-term assets OtherAssetsNoncurrent $67.00M USD Point-in-time
Total Assets Assets $4.53B USD Point-in-time
Total Assets Assets $4.63B USD Point-in-time
Accounts payable AccountsPayableCurrent $365.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $413.00M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $323.00M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $324.00M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $217.00M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $191.00M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $22.00M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $15.00M USD Point-in-time
Total Current liabilities LiabilitiesCurrent $921.00M USD Point-in-time
Total Current liabilities LiabilitiesCurrent $949.00M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $2.65B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $2.57B USD Point-in-time
Long-term deferred income taxes DeferredTaxLiabilitiesNoncurrent $2.00M USD Point-in-time
Long-term deferred income taxes DeferredTaxLiabilitiesNoncurrent $3.00M USD Point-in-time
Long-term deferred revenue DeferredRevenueNoncurrent $128.00M USD Point-in-time
Long-term deferred revenue DeferredRevenueNoncurrent $124.00M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $112.00M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $116.00M USD Point-in-time
Total Liabilities Liabilities $3.84B USD Point-in-time
Total Liabilities Liabilities $3.74B USD Point-in-time
Preferred stock, $.01 par value; authorized 10,000,000 shares; none issued PreferredStockValue - USD Point-in-time
Preferred stock, $.01 par value; authorized 10,000,000 shares; none issued PreferredStockValue - USD Point-in-time
Class A common stock, $.01 par value; authorized 150,000,000 shares; issued 72,151,857 shares CommonStockValue $1.00M USD Point-in-time
Class A common stock, $.01 par value; authorized 150,000,000 shares; issued 72,151,857 shares CommonStockValue $1.00M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $234.00M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $210.00M USD Point-in-time
Treasury stock at cost, 19,397,578 and 19,267,269 shares at April 1, 2017 and December 31, 2016, respectively TreasuryStockValue $630.00M USD Point-in-time
Treasury stock at cost, 19,397,578 and 19,267,269 shares at April 1, 2017 and December 31, 2016, respectively TreasuryStockValue $614.00M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.24B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.24B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-49.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-45.00M USD Point-in-time
Total Stockholders Equity StockholdersEquity $795.00M USD Point-in-time
Total Stockholders Equity StockholdersEquity $792.00M USD Point-in-time
Total Liabilities and Stockholders Equity LiabilitiesAndStockholdersEquity $4.53B USD Point-in-time
Total Liabilities and Stockholders Equity LiabilitiesAndStockholdersEquity $4.63B USD Point-in-time
Income Statement 54 line items
Line Item Tag Value Unit Period
Net sales of tangible products SalesRevenueGoodsNet $735.00M USD 1 Quarter
Net sales of tangible products SalesRevenueGoodsNet $716.00M USD 1 Quarter
Revenue from services and software SalesRevenueServicesNet $130.00M USD 1 Quarter
Revenue from services and software SalesRevenueServicesNet $133.00M USD 1 Quarter
Total Net sales SalesRevenueNet $865.00M USD 1 Quarter
Total Net sales SalesRevenueNet $849.00M USD 1 Quarter
Cost of sales of tangible products CostOfGoodsSold $375.00M USD 1 Quarter
Cost of sales of tangible products CostOfGoodsSold $379.00M USD 1 Quarter
Cost of services and software CostOfServices $85.00M USD 1 Quarter
Cost of services and software CostOfServices $84.00M USD 1 Quarter
Total Cost of sales CostOfGoodsAndServicesSold $459.00M USD 1 Quarter
Total Cost of sales CostOfGoodsAndServicesSold $464.00M USD 1 Quarter
Gross profit GrossProfit $390.00M USD 1 Quarter
Gross profit GrossProfit $401.00M USD 1 Quarter
Selling and marketing SellingAndMarketingExpense $113.00M USD 1 Quarter
Selling and marketing SellingAndMarketingExpense $109.00M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $96.00M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $93.00M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $75.00M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $74.00M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $50.00M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $59.00M USD 1 Quarter
Acquisition and integration costs BusinessCombinationAcquisitionRelatedCosts $36.00M USD 1 Quarter
Acquisition and integration costs BusinessCombinationAcquisitionRelatedCosts $27.00M USD 1 Quarter
Exit and restructuring costs RestructuringCharges $65.00M USD 9 Qtrs
Exit and restructuring costs RestructuringCharges $69.00M USD 10 Qtrs
Exit and restructuring costs RestructuringCharges $4.00M USD 1 Quarter
Exit and restructuring costs RestructuringCharges $5.00M USD 1 Quarter
Total Operating expenses OperatingExpenses $361.00M USD 1 Quarter
Total Operating expenses OperatingExpenses $380.00M USD 1 Quarter
Operating income OperatingIncomeLoss $10.00M USD 1 Quarter
Operating income OperatingIncomeLoss $40.00M USD 1 Quarter
Foreign exchange (loss) gain ForeignCurrencyTransactionGainLossBeforeTax $2.00M USD 1 Quarter
Foreign exchange (loss) gain ForeignCurrencyTransactionGainLossBeforeTax $-1.00M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNonoperatingNet $-50.00M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNonoperatingNet $-41.00M USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $-1.00M USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense - USD 1 Quarter
Total Other expenses NonoperatingIncomeExpense $-49.00M USD 1 Quarter
Total Other expenses NonoperatingIncomeExpense $-42.00M USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-39.00M USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-2.00M USD 1 Quarter
Income tax benefit IncomeTaxExpenseBenefit $-13.00M USD 1 Quarter
Income tax benefit IncomeTaxExpenseBenefit $-10.00M USD 1 Quarter
Net income (loss) NetIncomeLoss $8.00M USD 1 Quarter
Net income (loss) NetIncomeLoss $-26.00M USD 1 Quarter
Basic earnings (loss) per share (USD per share) EarningsPerShareBasic $0.16 USD 1 Quarter
Basic earnings (loss) per share (USD per share) EarningsPerShareBasic $-0.50 USD 1 Quarter
Diluted earnings (loss) per share (USD per share) EarningsPerShareDiluted $0.16 USD 1 Quarter
Diluted earnings (loss) per share (USD per share) EarningsPerShareDiluted $-0.50 USD 1 Quarter
Basic weighted average shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 51.30M shares 1 Quarter
Basic weighted average shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 51.84M shares 1 Quarter
Diluted weighted average and equivalent shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 52.95M shares 1 Quarter
Diluted weighted average and equivalent shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 51.30M shares 1 Quarter
Cash Flow Statement 62 line items
Line Item Tag Value Unit Period
Net income (loss) NetIncomeLoss $8.00M USD 1 Quarter
Net income (loss) NetIncomeLoss $-26.00M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $69.00M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $77.00M USD 1 Quarter
Amortization of debt issuance costs and discount AmortizationOfFinancingCostsAndDiscounts $4.00M USD 1 Quarter
Amortization of debt issuance costs and discount AmortizationOfFinancingCostsAndDiscounts $5.00M USD 1 Quarter
Share-based compensation ShareBasedCompensation $7.00M USD 1 Quarter
Share-based compensation ShareBasedCompensation $9.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-9.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $3.00M USD 1 Quarter
Unrealized gain on forward interest rate swaps UnrealizedGainLossOnDerivatives - USD 1 Quarter
Unrealized gain on forward interest rate swaps UnrealizedGainLossOnDerivatives $1.00M USD 1 Quarter
Other, net OtherOperatingActivitiesCashFlowStatement $3.00M USD 1 Quarter
Other, net OtherOperatingActivitiesCashFlowStatement $1.00M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $-65.00M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $-79.00M USD 1 Quarter
Inventories, net IncreaseDecreaseInInventories $-12.00M USD 1 Quarter
Inventories, net IncreaseDecreaseInInventories $31.00M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $-17.00M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets - USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $20.00M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-49.00M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-35.00M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-3.00M USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $30.00M USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $4.00M USD 1 Quarter
Income taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $-47.00M USD 1 Quarter
Income taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $-2.00M USD 1 Quarter
Other operating activities IncreaseDecreaseInOtherOperatingCapitalNet $-7.00M USD 1 Quarter
Other operating activities IncreaseDecreaseInOtherOperatingCapitalNet $4.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $117.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $96.00M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $19.00M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $13.00M USD 1 Quarter
Purchases of long-term investments PaymentsToAcquireLongtermInvestments - USD 1 Quarter
Purchases of long-term investments PaymentsToAcquireLongtermInvestments $1.00M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-13.00M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-20.00M USD 1 Quarter
Payment of long-term debt RepaymentsOfLongTermDebt $80.00M USD 1 Quarter
Payment of long-term debt RepaymentsOfLongTermDebt $80.00M USD 1 Quarter
Proceeds from exercise of stock options and stock purchase plan purchases ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $3.00M USD 1 Quarter
Proceeds from exercise of stock options and stock purchase plan purchases ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $4.00M USD 1 Quarter
Taxes paid related to net share settlement of equity awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $2.00M USD 1 Quarter
Taxes paid related to net share settlement of equity awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation - USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-77.00M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-78.00M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-2.00M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $3.00M USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $24.00M USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $2.00M USD 1 Quarter
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $180.00M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $192.00M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $194.00M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $156.00M USD Point-in-time
Cash and cash equivalents at end of year CashAndCashEquivalentsAtCarryingValue $180.00M USD Point-in-time
Cash and cash equivalents at end of year CashAndCashEquivalentsAtCarryingValue $192.00M USD Point-in-time
Cash and cash equivalents at end of year CashAndCashEquivalentsAtCarryingValue $194.00M USD Point-in-time
Cash and cash equivalents at end of year CashAndCashEquivalentsAtCarryingValue $156.00M USD Point-in-time
Income taxes paid IncomeTaxesPaid $29.00M USD 1 Quarter
Income taxes paid IncomeTaxesPaid $5.00M USD 1 Quarter
Interest paid InterestPaid $16.00M USD 1 Quarter
Interest paid InterestPaid $26.00M USD 1 Quarter
Comprehensive Income 10 line items
Line Item Tag Value Unit Period
Net income (loss) NetIncomeLoss $8.00M USD 1 Quarter
Net income (loss) NetIncomeLoss $-26.00M USD 1 Quarter
Unrealized loss on anticipated sales hedging transactions OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-15.00M USD 1 Quarter
Unrealized loss on anticipated sales hedging transactions OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-6.00M USD 1 Quarter
Unrealized gain (loss) on forward interest rate swaps hedging transactions OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $2.00M USD 1 Quarter
Unrealized gain (loss) on forward interest rate swaps hedging transactions OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-7.00M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $4.00M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax - USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $4.00M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $-44.00M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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