$ZBH
Zimmer Biomet Holdings Inc

2024 Q2 Form 10-Q Financial Statement

#000095017024052097 Filed on May 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $1.942B $1.889B
YoY Change 3.87% 3.18%
Cost Of Revenue $553.6M $512.3M
YoY Change 5.35% 2.3%
Gross Profit $1.388B $1.377B
YoY Change 3.3% 3.51%
Gross Profit Margin 71.49% 72.88%
Selling, General & Admin $737.1M $736.2M
YoY Change 1.56% 2.84%
% of Gross Profit 53.09% 53.47%
Research & Development $109.4M $107.9M
YoY Change -7.37% -2.26%
% of Gross Profit 7.88% 7.84%
Depreciation & Amortization $243.2M $238.6M
YoY Change 2.4% 2.93%
% of Gross Profit 17.52% 17.33%
Operating Expenses $846.5M $844.1M
YoY Change -13.82% 2.15%
Operating Profit $351.3M $265.9M
YoY Change -2.93% -18.76%
Interest Expense -$51.10M -$50.70M
YoY Change -0.97% 5.19%
% of Operating Profit -14.55% -19.07%
Other Income/Expense, Net $2.000M -$100.0K
YoY Change -266.67% -101.3%
Pretax Income $302.2M $215.1M
YoY Change 9.18% -25.0%
Income Tax $59.10M $42.30M
% Of Pretax Income 19.56% 19.67%
Net Earnings $242.8M $172.4M
YoY Change 15.89% -25.85%
Net Earnings / Revenue 12.5% 9.13%
Basic Earnings Per Share $1.18 $0.84
Diluted Earnings Per Share $1.18 $0.84
COMMON SHARES
Basic Shares Outstanding 205.7M 205.1M
Diluted Shares Outstanding 206.4M 206.2M

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $420.1M $393.0M
YoY Change 31.36% 19.02%
Cash & Equivalents $420.1M $393.0M
Short-Term Investments
Other Short-Term Assets $431.4M $403.9M
YoY Change 1.51% -12.1%
Inventory $2.370B $2.388B
Prepaid Expenses
Receivables $1.418B $1.446B
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.639B $4.632B
YoY Change 5.73% 4.98%
LONG-TERM ASSETS
Property, Plant & Equipment $2.103B $2.091B
YoY Change 6.48% 9.68%
Goodwill $8.825B $8.792B
YoY Change 0.92% 0.65%
Intangibles $4.707B $4.734B
YoY Change -6.37% -6.66%
Long-Term Investments
YoY Change
Other Assets $1.246B $1.204B
YoY Change 7.39% 7.67%
Total Long-Term Assets $16.88B $16.82B
YoY Change -0.15% -0.06%
TOTAL ASSETS
Total Short-Term Assets $4.639B $4.632B
Total Long-Term Assets $16.88B $16.82B
Total Assets $21.52B $21.45B
YoY Change 1.06% 0.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $341.8M $370.3M
YoY Change -3.61% -6.75%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.878B $970.0M
YoY Change 261.15% 65.81%
Total Short-Term Liabilities $3.608B $2.797B
YoY Change 61.54% 19.74%
LONG-TERM LIABILITIES
Long-Term Debt $3.957B $4.826B
YoY Change -23.75% -7.27%
Other Long-Term Liabilities $1.205B $577.0M
YoY Change 18.44% -9.48%
Total Long-Term Liabilities $5.162B $5.403B
YoY Change -16.84% -7.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.608B $2.797B
Total Long-Term Liabilities $5.162B $5.403B
Total Liabilities $8.771B $8.846B
YoY Change -1.71% -2.64%
SHAREHOLDERS EQUITY
Retained Earnings $10.70B $10.51B
YoY Change 8.08% 7.88%
Common Stock $9.978B $9.949B
YoY Change 2.14% 2.61%
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.744B $7.649B
YoY Change 8.73% 7.6%
Treasury Stock Shares
Shareholders Equity $12.74B $12.60B
YoY Change
Total Liabilities & Shareholders Equity $21.52B $21.45B
YoY Change 1.06% 0.98%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $242.8M $172.4M
YoY Change 15.89% -25.85%
Depreciation, Depletion And Amortization $243.2M $238.6M
YoY Change 2.4% 2.93%
Cash From Operating Activities $369.3M $228.0M
YoY Change 6.15% -25.9%
INVESTING ACTIVITIES
Capital Expenditures $242.4M $55.10M
YoY Change -5.35% 17.99%
Acquisitions
YoY Change
Other Investing Activities -$4.600M $55.60M
YoY Change -135.38% 288.81%
Cash From Investing Activities -$247.0M -$195.0M
YoY Change 1.6% 30.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -91.90M -50.10M
YoY Change -16.0% -75.76%
NET CHANGE
Cash From Operating Activities 369.3M 228.0M
Cash From Investing Activities -247.0M -195.0M
Cash From Financing Activities -91.90M -50.10M
Net Change In Cash 30.40M -22.70M
YoY Change -760.87% -50.11%
FREE CASH FLOW
Cash From Operating Activities $369.3M $228.0M
Capital Expenditures $242.4M $55.10M
Free Cash Flow $126.9M $172.9M
YoY Change 38.24% -33.75%

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CY2024Q1 zbh Line Of Credit Facility Maturity Description
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CY2023Q1 us-gaap Other Comprehensive Income Loss Tax
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CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2024Q1 zbh Forward Starting Interest Rate Swap Cash Flow Hedge Remaining To Be Amortized
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23700000
CY2024Q1 zbh Percentage Of Debt Designated As Net Investment Hedges
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CY2024Q1 us-gaap Maximum Length Of Time Foreign Currency Cash Flow Hedge
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CY2024Q1 us-gaap Translation Adjustment For Net Investment Hedge Increase Decrease Net Of Tax
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CY2024Q1 us-gaap Number Of Operating Segments
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CY2023Q1 us-gaap Operating Income Loss
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CY2023Q1 us-gaap Litigation Settlement Expense
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