Zebra Technologies Corporation (ZBRA) quarterly cash flow statement — complete operating, investing & financing history
Zebra Technologies Corporation (ZBRA) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | 324M | 211M | 176M | 357M | 235M | 147M | 178M | 306M | 294M | 288M | 125M | 141M | -35M | -34M | -76M | 267M | 67M | 100M | 54M | 233M |
| Operating CF Margin % | 20.07% | 13.55% | 11.77% | 24.2% | 17.8% | 11.37% | 13.61% | 22.94% | 23.43% | 23.66% | 10.64% | 13.97% | -3.66% | -2.8% | -5.41% | 17.76% | 4.86% | 6.81% | 3.77% | 15.88% |
| Operating CF Growth % | 37.87% | 43.54% | -1.12% | 16.67% | -20.07% | -48.96% | 42.4% | 117.02% | 940% | 947.06% | 264.47% | -47.19% | -152.24% | -134% | -240.74% | 14.59% | -77.44% | -68.25% | -75.89% | -45.94% |
| Net Income | 164M | 233M | 135M | 70M | 101M | 112M | 136M | 163M | 137M | 113M | 115M | 17M | -15M | 144M | 150M | 186M | 170M | -98M | 205M | 191M |
| Depreciation & Amortization | 57M | 57M | 56M | 59M | 42M | 43M | 41M | 42M | 45M | 42M | 43M | 44M | 44M | 44M | 44M | 46M | 55M | 51M | 52M | 51M |
| Stock-Based Compensation | 42M | 36M | 58M | 33M | 47M | 32M | 51M | 21M | 20M | 31M | 17M | 16M | 19M | 2M | 18M | 18M | 28M | 25M | 17M | 18M |
| Deferred Taxes | -3M | 9M | 0 | -40M | 91M | -7M | -23M | -32M | -26M | -15M | -21M | -1M | -6M | -9M | -20M | -95M | 9M | -87M | -37M | -63M |
| Other Non-Cash Items | 1M | 27M | 11M | 46M | 1M | 11M | 1M | 2M | 5M | 74M | -12M | 31M | -14M | -12M | 15M | 4M | -39M | -10M | -39M | -13M |
| Working Capital Changes | 63M | -151M | -84M | 189M | -47M | -44M | -28M | 110M | 113M | 43M | -17M | 34M | -63M | -203M | -283M | 108M | -156M | 219M | -144M | 49M |
| Change in Receivables | -36M | -260M | 67M | -96M | -24M | -3M | 84M | -61M | 65M | -105M | -80M | 21M | 123M | 72M | 33M | 53M | 112M | -114M | -56M | -132M |
| Change in Inventory | -118M | -41M | 34M | 24M | 19M | -4M | 15M | -56M | 36M | 27M | 98M | 43M | 10M | -29M | 26M | -48M | -185M | -130M | 22M | -57M |
| Change in Payables | 159M | 154M | -119M | 116M | -44M | 5M | -76M | 97M | -19M | 85M | 13M | 37M | -129M | -61M | -212M | -35M | 6M | 135M | -14M | 98M |
| Cash from Investing | -24M | -13M | -2M | -1.33B | -22M | -17M | -82M | -15M | -17M | -14M | -11M | -43M | -14M | -18M | -17M | -27M | -29M | -893M | -19M | -177M |
| Capital Expenditures | -24M | -13M | -13M | -30M | -19M | -17M | -20M | -18M | -17M | -10M | -14M | -39M | -14M | -18M | -16M | -24M | -20M | -17M | -14M | -21M |
| CapEx % of Revenue | 1.49% | 0.83% | 0.87% | 2.03% | 1.44% | 1.31% | 1.53% | 1.35% | 1.35% | 0.82% | 1.19% | 3.87% | 1.46% | 1.48% | 1.14% | 1.6% | 1.45% | 1.16% | 0.98% | 1.43% |
| Acquisitions | 0 | 0 | 0 | -1.3B | 0 | 0 | -62M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3M | -3M | -875M | 0 | -145M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 9M | 0 | 1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1M |
| Cash from Financing | -276M | -156M | -185M | 47M | -29M | -138M | -119M | -63M | -12M | 9M | -124M | -23M | 43M | 27M | 70M | -217M | -48M | 738M | -220M | -20M |
| Debt Issued (Net) | -199M | 117M | 149M | 328M | 0 | 0 | 0 | 43M | 0 | 90M | -133M | -53M | 63M | 113M | 72M | -138M | 0 | 1.06B | 105M | -1M |
| Equity Issued (Net) | -75M | -268M | -305M | -303M | -34M | -125M | -125M | -31M | -16M | 0 | 0 | 0 | 0 | -37M | -15M | -96M | -50M | -300M | -305M | -32M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -75M | -268M | -300M | -303M | -34M | -125M | -125M | -31M | -16M | 0 | 0 | 0 | 0 | -37M | -15M | -96M | -50M | -300M | -305M | -32M |
| Other Financing | -2M | -5M | -29M | 22M | 5M | -13M | 6M | -75M | 4M | -81M | 9M | 30M | -20M | -49M | 13M | 17M | 2M | -24M | -20M | 13M |
| Net Change in Cash | 25M | 43M | -11M | -928M | 181M | -7M | -22M | 225M | 265M | 284M | -11M | 77M | -7M | -17M | -24M | 36M | -17M | -59M | -187M | 25M |
| Free Cash Flow | 300M | 198M | 163M | 327M | 216M | 130M | 158M | 288M | 277M | 278M | 111M | 102M | -49M | -52M | -92M | 243M | 47M | 83M | 40M | 212M |
| FCF Margin % | 18.59% | 12.72% | 10.9% | 22.17% | 16.36% | 10.05% | 12.08% | 21.59% | 22.07% | 22.84% | 9.45% | 10.11% | -5.13% | -4.28% | -6.55% | 16.17% | 3.41% | 5.65% | 2.79% | 14.45% |
| FCF Growth % | 38.89% | 52.31% | 3.16% | 13.54% | -22.02% | -53.24% | 42.34% | 182.35% | 665.31% | 634.62% | 220.65% | -58.02% | -204.26% | -162.65% | -330% | 14.62% | -83.45% | -72.33% | -81.31% | -48.67% |
| FCF per Share | 6.27 | 3.91 | 3.22 | 6.46 | 4.17 | 2.51 | 3.05 | 5.55 | 5.34 | 5.36 | 2.14 | 1.97 | -0.95 | -1.01 | -1.78 | 4.68 | 0.90 | 1.59 | 0.75 | 3.93 |
| FCF Conversion (FCF/Net Income) | 1.98x | 0.91x | 1.30x | 5.10x | 2.33x | 1.31x | 1.31x | 1.88x | 2.15x | 2.55x | 1.09x | 8.29x | 2.33x | -0.24x | -0.51x | 1.44x | 0.39x | -1.02x | 0.26x | 1.22x |
| Interest Paid | 0 | 45M | 26M | 50M | 24M | 39M | 16M | 52M | 0 | 0 | 30M | 31M | 30M | 26M | 24M | 24M | 19M | 7M | 8M | 7M |
| Taxes Paid | 0 | 60M | 15M | 10M | 29M | 86M | 9M | 34M | 47M | 40M | 3M | 25M | 15M | 158M | 54M | 16M | 32M | 91M | 29M | 30M |