Zebra Technologies Files Q2 2024 10-Q

Ticker: ZBRA · Form: 10-Q · Filed: Jul 30, 2024 · CIK: 877212

Zebra Technologies Corp 10-Q Filing Summary
FieldDetail
CompanyZebra Technologies Corp (ZBRA)
Form Type10-Q
Filed DateJul 30, 2024
Risk Levelmedium
Pages16
Reading Time20 min
Sentimentneutral

Sentiment: neutral

Topics: 10-Q, financials, quarterly-report

TL;DR

Zebra Tech 10-Q filed: Q2 2024 financials out. Check for performance updates.

AI Summary

Zebra Technologies Corp. filed its 10-Q for the period ending June 29, 2024, reporting on its financial performance. The company's fiscal year ends on December 31st. Key financial data and segment information for tangible products and services/software are included in the filing.

Why It Matters

This filing provides investors with an update on Zebra Technologies' financial health and operational performance for the second quarter of 2024, impacting investment decisions.

Risk Assessment

Risk Level: medium — 10-Q filings are standard financial reports, but the specific details within can reveal significant financial health indicators or operational changes that may pose risks.

Key Numbers

  • 2024-06-29 — Period End Date (This is the end date for the reporting period covered by the 10-Q.)
  • 2024-07-30 — Filing Date (This is the date the 10-Q was officially filed with the SEC.)
  • 2024-01-01 — Reporting Period Start Date (This marks the beginning of the fiscal period being reported on.)

Key Players & Entities

  • ZEBRA TECHNOLOGIES CORP (company) — Filer
  • 0000877212 (company) — Central Index Key
  • 20240629 (date) — Period of Report
  • 20240730 (date) — Filing Date
  • 362675536 (dollar_amount) — IRS Number

FAQ

What was Zebra Technologies' revenue for the six months ended June 29, 2024?

The filing does not explicitly state the total revenue for the six months ended June 29, 2024, but provides segment data for tangible products and services/software.

How did the 'Tangible Products' segment perform in Q2 2024 compared to Q2 2023?

The filing indicates data for the period ending June 29, 2024, and compares it to the period ending July 1, 2023, for the 'Tangible Products' segment, but specific performance metrics are not detailed in this header.

What is Zebra Technologies' fiscal year end date?

Zebra Technologies' fiscal year ends on December 31st.

What is the company's IRS number?

The company's IRS number is 362675536.

What is the filing date of this 10-Q report?

This 10-Q report was filed on July 30, 2024.

Filing Stats: 4,945 words · 20 min read · ~16 pages · Grade level 20 · Accepted 2024-07-30 16:05:52

Filing Documents

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION 3

Consolidated Financial Statements

Item 1. Consolidated Financial Statements 3 Consolidated Balance Sheets as of June 29, 2024 (unaudited) and December 31, 2023 3 Consolidated Statements of Operations (unaudited) for the three and six months ended June 29, 2024 and July 1, 2023 4 Consolidated Statements of Comprehensive Income (unaudited) for the three and six months ended June 29, 2024 and July 1, 2023 5 Consolidated Statements of Stockholders' Equity (unaudited) for the three and six months ended June 29, 2024 and July 1, 2023 6 Consolidated Statements of Cash Flows (unaudited) for the six months ended June 29, 2024 and July 1, 2023 8

Notes to Consolidated Financial Statements (unaudited)

Notes to Consolidated Financial Statements (unaudited) 8 Note 1: Description of Business and Basis of Presentation 9 Note 2: Significant Accounting Policies 9 Note 3: Revenues 10 Note 4: Inventories 11 Note 5: Investments 11 Note 6: Exit and Restructuring Costs 11 Note 7: Fair Value Measurements 11 Note 8: Derivative Instruments 13 Note 9: Long-Term Debt 15 Note 10: Leases 17 Note 11: Accrued Liabilities, Commitments and Contingencies 17 Note 12: Share-Based Compensation 18 Note 13: Income Taxes 20 Note 14: Earnings Per Share 20 Note 15: Accumulated Other Comprehensive (Loss) Income 21 Note 16: Accounts Receivable Factoring 21 Note 17: Segment Information & Geographic Data 22

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 23 Overview 23 Results of Operations 24 Results of Operations by Segment 27 Liquidity and Capital Resources 29 Significant Customers 31 Safe Harbor 32 New Accounting Pronouncements 32 Non-GAAP Measures 32

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 33

Controls and Procedures

Item 4. Controls and Procedures 33

Other Information

Item 5. Other Information 37

- OTHER INFORMATION

PART II - OTHER INFORMATION 34

Legal Proceedings

Item 1. Legal Proceedings 34

Risk Factors

Item 1A. Risk Factors 35

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 37

Exhibits

Item 6. Exhibits 38

Signatures

Signatures 39 2 Table of Contents

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Consolidated Financial Statements

Item 1. Consolidated Financial Statements ZEBRA TECHNOLOGIES CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (In millions, except share data) June 29, 2024 December 31, 2023 (Unaudited) Assets Current assets: Cash and cash equivalents $ 411 $ 137 Accounts receivable, net of allowances for doubtful accounts of $ 1 each as of June 29, 2024 and December 31, 2023 701 521 Inventories, net 678 804 Income tax receivable 41 63 Prepaid expenses and other current assets 122 147 Total Current assets 1,953 1,672 Property, plant and equipment, net 297 309 Right-of-use lease assets 159 169 Goodwill 3,894 3,895 Other intangibles, net 476 527 Deferred income taxes 469 438 Other long-term assets 242 296 Total Assets $ 7,490 $ 7,306 Liabilities and Stockholders' Equity Current liabilities: Current portion of long-term debt $ 89 $ 173 Accounts payable 551 456 Accrued liabilities 426 504 Deferred revenue 447 458 Income taxes payable 9 7 Total Current liabilities 1,522 1,598 Long-term debt 2,080 2,047 Long-term lease liabilities 145 152 Deferred income taxes 66 67 Long-term deferred revenue 298 312 Other long-term liabilities 92 94 Total Liabilities 4,203 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 633 615 Treasury stock at cost, 20,581,866 and 20,772,995 shares as of June 29, 2024 and December 31, 2023, respectively ( 1,855 ) ( 1,858 ) Retained earnings 4,560 4,332 Accumulated other comprehensive loss ( 52 ) ( 54 ) Total Stockholders' Equity 3,287 3,036 Total Liabilities and Stockholders' Equity $ 7,490 $ 7,306 See accompanying Notes to Consolidated Financial Statements. 3 Table of Contents ZEBRA TECHNOLOGIES CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except share data) (Unaudited) Three Month

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) Note 1 Description of Business and Basis of Presentation Zebra Technologies Corporation and its subsidiaries ("Zebra" or the "Company") is a global leader providing innovative Enterprise Asset Intelligence ("EAI") solutions in the automatic identification and data capture solutions industry. We design, manufacture, and sell a broad range of products and solutions, including cloud-based software subscriptions, that capture and move data. We also provide a full range of services, including maintenance, technical support, repair, managed and professional services. End-users of our products, solutions and services include those in retail and e-commerce, manufacturing, transportation and logistics, healthcare, public sector, and other industries. We provide our products, solutions and services globally through a direct sales force and an extensive network of channel partners. Management prepared these unaudited interim consolidated financial statements according to the rules and regulations of the Securities and Exchange Commission for interim financial information and notes. As permitted under Article 10 of Regulation S-X and the instructions of Form 10-Q, these consolidated financial statements do not include all the information and notes required by United States Generally Accepted Accounting Principles ("GAAP") for complete financial statements, although management believes that the disclosures made are adequate to make the information not misleading. These interim financial statements should be read in conjunction with the audited consolidated financial statements and notes included in the Annual Report on Form 10-K for the fiscal year ended December 31, 2023. In the opinion of the Company, these interim financial statements include all adjustments (of a normal, recurring nature) necessary to fairly present its Consolidated Balance Sheet as of June 29, 2024, the Consolidated Statements of Operations, Com

View Full Filing

View this 10-Q filing on SEC EDGAR

View on ReadTheFiling | About | Contact | Privacy | Terms

Data from SEC EDGAR. Not affiliated with the SEC. Not investment advice. © 2026 OpenDataHQ.