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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 4, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	418	419	528	296	463	837
Depreciation & Amortization	200	185	172	176	204	187
Stock-Based Compensation	170	163	89	55	88	76
Other Adjustments	68	80	-111	-42	-288	-98
Change in Receivables	-56	-39	-181	249	-5	-239
Changes in Inventories	73	54	105	50	-341	18
Changes in Accounts Payable	-42	1	176	-365	92	96
Changes in Accrued Expenses	14	-29	131	-97	-51	110
Changes in Income Taxes Payable	-19	-1	68	-168	108	1
Changes in Unearned Revenue	48	75	-13	12	60	113
Changes in Other Operating Activities	-10	9	49	-170	158	-32
Operating Cash Flow	915	917	1,013	-4	488	1,069
Operating Cash Flow Growth	-14.16%	-9.48%	-	-	-54.35%	11.12%
Capital Expenditures	-79	-86	-59	-87	-75	-59
Purchases of Investments	-	-5	-3	-1	-12	-35
Proceeds from Sale of Investments	1	1	5	-4	-	-
Payments for Business Acquisitions	-1,303	-1,365	-	-	-881	-452
Proceeds from Business Divestments	9	-	-	-	-	-
Other Investing Activities	1	-	-	-	-	-
Investing Cash Flow	-1,375	-1,455	-57	-92	-968	-546
Long-Term Debt Issued	-	347	651	440	1,284	46
Long-Term Debt Repaid	-	-19	-694	-245	-247	-303
Net Long-Term Debt Issued (Repaid)	-	328	-43	195	1,037	-257
Repurchase of Common Stock	-762	-587	-47	-52	-751	-57
Net Common Stock Issued (Repurchased)	-762	-587	-47	-52	-751	-57
Other Financing Activities	-16	20	-100	-26	-33	-57
Financing Cash Flow	-305	-239	-190	117	253	-371
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-	1	-3	-	-	-
Net Cash Flow	-765	-776	763	21	-227	152
Free Cash Flow	836	831	954	-91	413	1,010
Free Cash Flow Growth	0.60%	-12.89%	-	-	-59.11%	12.85%
FCF Margin	14.97%	15.40%	19.15%	-1.99%	7.14%	17.95%
Free Cash Flow Per Share	16.51	16.23	18.39	-1.76	7.86	18.74
Levered Free Cash Flow	603	955	1,114	-158	1,655	1,014
Unlevered Free Cash Flow	720.52	731.75	1,246	-222.72	605.23	1,281

SEC Filings: 10-K · 10-Q