Zebra Technologies Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 27, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	512	528	296	463	837	504
Depreciation & Amortization	168	172	176	204	187	146
Other Amortization	-	-	-	-	-	3
Loss (Gain) From Sale of Investments	-	-31	-9	-83	-30	33
Stock-Based Compensation	151	89	55	88	76	51
Other Operating Activities	44	-80	-33	-205	-68	-39
Change in Accounts Receivable	-4	-181	249	-5	-239	130
Change in Inventory	-26	105	50	-341	18	-42
Change in Accounts Payable	-18	176	-365	92	96	47
Change in Unearned Revenue	37	-13	12	60	113	103
Change in Income Taxes	-28	68	-168	108	1	-5
Change in Other Net Operating Assets	30	180	-267	107	78	31
Operating Cash Flow	866	1,013	-4	488	1,069	962
Operating Cash Flow Growth	2.12%	-	-	-54.35%	11.12%	40.44%
Capital Expenditures	-74	-59	-87	-75	-59	-67
Cash Acquisitions	-62	-	-	-881	-452	-548
Investment in Securities	-	2	-5	-12	-35	-26
Investing Cash Flow	-136	-57	-92	-968	-546	-641
Long-Term Debt Issued	-	651	440	1,284	46	302
Long-Term Debt Repaid	-	-694	-245	-247	-303	-342
Net Debt Issued (Repaid)	-	-43	195	1,037	-257	-40
Repurchase of Common Stock	-315	-47	-52	-751	-57	-200
Other Financing Activities	-34	-100	-26	-33	-57	83
Financing Cash Flow	-349	-190	117	253	-371	-157
Foreign Exchange Rate Adjustments	-4	-3	-	-	-	-2
Net Cash Flow	377	763	21	-227	152	162
Free Cash Flow	792	954	-91	413	1,010	895
Free Cash Flow Growth	3.13%	-	-	-59.11%	12.85%	43.43%
Free Cash Flow Margin	15.07%	19.15%	-1.98%	7.14%	17.95%	20.12%
Free Cash Flow Per Share	15.36	18.39	-1.76	7.86	18.74	16.60
Cash Interest Paid	131	55	111	58	32	38
Cash Income Tax Paid	158	124	252	168	199	107
Levered Free Cash Flow	710.5	807.88	-8.5	812	840.75	848.63
Unlevered Free Cash Flow	771.75	869.13	74.63	812	843.88	893.13
Change in Working Capital	-9	335	-489	21	67	264

Source: S&P Global Market Intelligence. Standard template. Financial Sources.