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	2015 - 2019
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	2015 - 2019
Net Income	512	528	296	463	837	504	Upgrade
Depreciation & Amortization	168	172	176	204	187	146	Upgrade
Other Amortization	-	-	-	-	-	3	Upgrade
Loss (Gain) From Sale of Investments	-	-31	-9	-83	-30	33	Upgrade
Stock-Based Compensation	151	89	55	88	76	51	Upgrade
Other Operating Activities	44	-80	-33	-205	-68	-39	Upgrade
Change in Accounts Receivable	-4	-181	249	-5	-239	130	Upgrade
Change in Inventory	-26	105	50	-341	18	-42	Upgrade
Change in Accounts Payable	-18	176	-365	92	96	47	Upgrade
Change in Unearned Revenue	37	-13	12	60	113	103	Upgrade
Change in Income Taxes	-28	68	-168	108	1	-5	Upgrade
Change in Other Net Operating Assets	30	180	-267	107	78	31	Upgrade
Operating Cash Flow	866	1,013	-4	488	1,069	962	Upgrade
Operating Cash Flow Growth	2.12%	-	-	-54.35%	11.12%	40.44%	Upgrade
Capital Expenditures	-74	-59	-87	-75	-59	-67	Upgrade
Cash Acquisitions	-62	-	-	-881	-452	-548	Upgrade
Investment in Securities	-	2	-5	-12	-35	-26	Upgrade
Investing Cash Flow	-136	-57	-92	-968	-546	-641	Upgrade
Long-Term Debt Issued	-	651	440	1,284	46	302	Upgrade
Long-Term Debt Repaid	-	-694	-245	-247	-303	-342	Upgrade
Net Debt Issued (Repaid)	-	-43	195	1,037	-257	-40	Upgrade
Repurchase of Common Stock	-315	-47	-52	-751	-57	-200	Upgrade
Other Financing Activities	-34	-100	-26	-33	-57	83	Upgrade
Financing Cash Flow	-349	-190	117	253	-371	-157	Upgrade
Foreign Exchange Rate Adjustments	-4	-3	-	-	-	-2	Upgrade
Net Cash Flow	377	763	21	-227	152	162	Upgrade
Free Cash Flow	792	954	-91	413	1,010	895	Upgrade
Free Cash Flow Growth	3.13%	-	-	-59.11%	12.85%	43.43%	Upgrade
Free Cash Flow Margin	15.07%	19.15%	-1.98%	7.14%	17.95%	20.12%	Upgrade
Free Cash Flow Per Share	15.36	18.39	-1.76	7.86	18.74	16.60	Upgrade
Cash Interest Paid	131	55	111	58	32	38	Upgrade
Cash Income Tax Paid	158	124	252	168	199	107	Upgrade
Levered Free Cash Flow	710.5	807.88	-8.5	812	840.75	848.63	Upgrade
Unlevered Free Cash Flow	771.75	869.13	74.63	812	843.88	893.13	Upgrade
Change in Working Capital	-9	335	-489	21	67	264	Upgrade

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