Zebra Technologies Corporation
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $419.0M | $528.0M | $296.0M | $463.0M | $837.0M | $504.0M | $544.0M | $421.0M |
| Depreciation & Amortization | $185.0M | $172.0M | $176.0M | $204.0M | $187.0M | $146.0M | $175.0M | $175.0M |
| Depreciation | $71.0M | $68.0M | $72.0M | $68.0M | $72.0M | $68.0M | $72.0M | $78.0M |
| Amortization | $114.0M | $104.0M | $104.0M | $136.0M | $115.0M | $78.0M | $103.0M | $97.0M |
| Stock-Based Compensation | $163.0M | $89.0M | $55.0M | $88.0M | $76.0M | $51.0M | $48.0M | $45.0M |
| Net Cash from Operating Activities | $917.0M | $1.01B | $-4.0M | $488.0M | $1.07B | $962.0M | $685.0M | $785.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $86.0M | $59.0M | $87.0M | $75.0M | $59.0M | $67.0M | $61.0M | $64.0M |
| Business Acquisitions | $1.37B | $0 | $0 | $881.0M | $452.0M | $548.0M | $262.0M | $72.0M |
| Net Cash from Investing Activities | $-1.46B | $-57.0M | $-92.0M | $-968.0M | $-546.0M | $-641.0M | $-335.0M | $-137.0M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $587.0M | $47.0M | $52.0M | $751.0M | $57.0M | $200.0M | $47.0M | $0 |
| Net Cash from Financing Activities | $-239.0M | $-190.0M | $117.0M | $253.0M | $-371.0M | $-157.0M | $-365.0M | $-661.0M |
| Net Change in Cash | $-776.0M | $763.0M | $21.0M | $-227.0M | $152.0M | $162.0M | $-14.0M | $-18.0M |
| Free Cash Flow | $831.0M | $954.0M | $-91.0M | $413.0M | $1.01B | $895.0M | $624.0M | $721.0M |