$ZBH
Zimmer Biomet Holdings Inc

2022 Q3 Form 10-Q Financial Statement

#000095017022013875 Filed on August 02, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $1.670B $1.782B $2.038B
YoY Change -13.21% 1.05% -2.27%
Cost Of Revenue $488.2M $511.0M $661.5M
YoY Change -16.04% 2.98% 2.19%
Gross Profit $1.182B $1.271B $1.376B
YoY Change -11.99% 0.29% 7.08%
Gross Profit Margin 70.76% 71.32% 67.54%
Selling, General & Admin $654.9M $695.2M $934.0M
YoY Change -18.38% -0.23% 4.49%
% of Gross Profit 55.42% 54.71% 67.86%
Research & Development $101.7M $99.40M $113.4M
YoY Change -6.61% -39.76% 13.4%
% of Gross Profit 8.61% 7.82% 8.24%
Depreciation & Amortization $231.4M $232.7M $267.1M
YoY Change -29.62% 14.74% 0.64%
% of Gross Profit 19.58% 18.31% 19.41%
Operating Expenses $756.6M $794.6M $1.199B
YoY Change -28.96% -7.8% 4.61%
Operating Profit $245.3M $280.9M $177.1M
YoY Change 14.15% 24.96% 27.5%
Interest Expense -$42.30M -$38.80M -$48.80M
YoY Change -19.58% -29.07% -8.1%
% of Operating Profit -17.24% -13.81% -27.56%
Other Income/Expense, Net -$25.40M -$42.60M -$3.900M
YoY Change -8566.67% -632.5% -148.75%
Pretax Income $177.6M $199.5M -$138.7M
YoY Change 9.23% 12.02% -170.91%
Income Tax -$16.60M $45.50M -$56.50M
% Of Pretax Income -9.35% 22.81%
Net Earnings $194.0M $153.7M -$84.00M
YoY Change 33.24% 8.32% -125.17%
Net Earnings / Revenue 11.62% 8.63% -4.12%
Basic Earnings Per Share $0.92 $0.73
Diluted Earnings Per Share $0.92 $0.73 -$402.1K
COMMON SHARES
Basic Shares Outstanding 209.8M 209.6M
Diluted Shares Outstanding 210.3M 210.3M

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $545.4M $386.4M $478.5M
YoY Change -40.69% -62.93% -40.34%
Cash & Equivalents $545.4M $386.4M $378.1M
Short-Term Investments
Other Short-Term Assets $581.9M $671.7M $607.1M
YoY Change 20.38% 86.07% 60.61%
Inventory $2.129B $2.123B $2.148B
Prepaid Expenses
Receivables $1.279B $1.282B $1.260B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.534B $4.463B $4.885B
YoY Change -14.64% -16.69% -3.9%
LONG-TERM ASSETS
Property, Plant & Equipment $1.802B $1.797B $1.837B
YoY Change -10.29% -10.4% -10.31%
Goodwill $8.799B $50.50M $8.919B
YoY Change -4.49% -99.45% -3.7%
Intangibles $5.137B $5.304B $5.534B
YoY Change -20.61% -20.15% -21.57%
Long-Term Investments
YoY Change
Other Assets $1.062B $1.020B $1.005B
YoY Change 5.6% 5.05% 3.67%
Total Long-Term Assets $16.80B $16.99B $18.57B
YoY Change -10.15% -9.95% -3.95%
TOTAL ASSETS
Total Short-Term Assets $4.534B $4.463B $4.885B
Total Long-Term Assets $16.80B $16.99B $18.57B
Total Assets $21.33B $21.45B $23.46B
YoY Change -11.14% -11.44% -3.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $333.9M $307.1M $306.5M
YoY Change 1.92% -14.84% -7.12%
Accrued Expenses $115.9M $233.2M $735.3M
YoY Change -15.78%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $659.1M $851.9M $1.605B
YoY Change -36.97% -18.87% 221.02%
Total Short-Term Liabilities $2.296B $2.464B $3.468B
YoY Change -21.89% -15.88% 35.63%
LONG-TERM LIABILITIES
Long-Term Debt $5.055B $5.172B $5.464B
YoY Change -21.72% -23.97% -28.36%
Other Long-Term Liabilities $608.7M $575.3M $548.5M
YoY Change 0.33% -4.83% -16.44%
Total Long-Term Liabilities $5.664B $5.747B $6.012B
YoY Change -19.83% -22.41% -27.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.296B $2.464B $3.468B
Total Long-Term Liabilities $5.664B $5.747B $6.012B
Total Liabilities $9.082B $9.328B $10.79B
YoY Change -19.59% -19.86% -11.69%
SHAREHOLDERS EQUITY
Retained Earnings $9.740B $9.607B $10.29B
YoY Change -6.58% -7.01% 2.04%
Common Stock $9.467B $9.422B $9.318B
YoY Change 1.82% 1.84% 2.12%
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.717B $6.718B $6.718B
YoY Change -0.01% 0.0% -0.03%
Treasury Stock Shares $103.8M $103.8M $103.8M
Shareholders Equity $12.24B $12.12B $12.66B
YoY Change
Total Liabilities & Shareholders Equity $21.33B $21.45B $23.46B
YoY Change -11.14% -11.44% -3.94%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income $194.0M $153.7M -$84.00M
YoY Change 33.24% 8.32% -125.17%
Depreciation, Depletion And Amortization $231.4M $232.7M $267.1M
YoY Change -29.62% 14.74% 0.64%
Cash From Operating Activities $450.8M $352.5M $365.7M
YoY Change 4.09% -22.34% -13.97%
INVESTING ACTIVITIES
Capital Expenditures -$118.8M -$105.1M -$150.4M
YoY Change -19.78% 42.61% 55.05%
Acquisitions
YoY Change
Other Investing Activities $33.60M -$138.1M $4.200M
YoY Change 46.72% 281.49% -101.92%
Cash From Investing Activities -$85.20M -$243.2M -$146.2M
YoY Change -31.95% 121.29% -53.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -193.9M -146.0M -655.8M
YoY Change -54.49% 415.9% 129.06%
NET CHANGE
Cash From Operating Activities 450.8M 352.5M 365.7M
Cash From Investing Activities -85.20M -243.2M -146.2M
Cash From Financing Activities -193.9M -146.0M -655.8M
Net Change In Cash 171.7M -36.70M -436.3M
YoY Change -245.26% -111.62% 146.36%
FREE CASH FLOW
Cash From Operating Activities $450.8M $352.5M $365.7M
Capital Expenditures -$118.8M -$105.1M -$150.4M
Free Cash Flow $569.6M $457.6M $516.1M
YoY Change -2.0% -13.27% -1.15%

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<p style="text-indent:3.333%;font-size:10.0pt;margin-top:12.0pt;line-height:1.0589583333333332;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of Estimates</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> - The accompanying unaudited condensed consolidated financial statements are prepared in conformity with GAAP, which requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. We have made our best estimates, as appropriate under GAAP, in the recognition of our assets and liabilities. These estimates have considered the impact the COVID-19 pandemic may have on our financial position, results of operations and cash flows. Such estimates included, but were not limited to, variable consideration to our customers, our allowance for doubtful accounts for expected credit losses, the net realizable value of our inventory, the fair value of our goodwill and the recoverability of other long-lived assets. Actual results could differ materially from these estimates.</span></p>
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report.css Edgar Link pending
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zbh-20220630.htm Edgar Link pending
zbh-20220630.xsd Edgar Link pending
zbh-20220630_cal.xml Edgar Link unprocessable
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