2013 Q4 Form 10-K Financial Statement

#000119312514076641 Filed on February 28, 2014

View on sec.gov

Income Statement

Concept 2013 Q4 2013 2012 Q4
Revenue $1.241B $4.623B $1.181B
YoY Change 5.1% 3.39% 1.13%
Cost Of Revenue $329.3M $1.267B $298.9M
YoY Change 10.17% 12.58% -1.42%
Gross Profit $899.9M $3.337B $881.6M
YoY Change 2.08% -0.27% 2.03%
Gross Profit Margin 72.53% 72.18% 74.68%
Selling, General & Admin $392.5M $1.749B $460.5M
YoY Change -14.77% -3.2% -0.32%
% of Gross Profit 43.62% 52.42% 52.23%
Research & Development $45.20M $203.0M $55.30M
YoY Change -18.26% -10.02% -14.79%
% of Gross Profit 5.02% 6.08% 6.27%
Depreciation & Amortization $90.10M $358.5M $90.20M
YoY Change -0.11% -1.27% -4.35%
% of Gross Profit 10.01% 10.74% 10.23%
Operating Expenses $516.2M $3.555B $530.8M
YoY Change -2.75% 54.62% -16.37%
Operating Profit $383.7M $1.069B $350.8M
YoY Change 9.38% 2.02% 52.92%
Interest Expense -$4.400M -$46.70M -$14.00M
YoY Change -68.57% -21.25% 10.24%
% of Operating Profit -1.15% -4.37% -3.99%
Other Income/Expense, Net -$6.000M -$6.000M
YoY Change
Pretax Income $330.0M $1.008B $186.5M
YoY Change 76.94% 145.94% -1.06%
Income Tax $75.20M $229.5M $34.20M
% Of Pretax Income 22.79% 22.77% 18.34%
Net Earnings $235.9M $780.4M $152.8M
YoY Change 54.38% 3.36% -2.43%
Net Earnings / Revenue 19.01% 16.88% 12.94%
Basic Earnings Per Share $1.38 $4.60 $0.88
Diluted Earnings Per Share $1.36 $4.54 $0.88
COMMON SHARES
Basic Shares Outstanding 171.0M shares 169.6M shares 173.5M shares
Diluted Shares Outstanding 171.8M shares

Balance Sheet

Concept 2013 Q4 2013 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.808B $1.808B $1.556B
YoY Change 16.18% 16.2% 27.14%
Cash & Equivalents $1.081B $1.081B $884.3M
Short-Term Investments $727.0M $727.0M $671.6M
Other Short-Term Assets $379.0M $379.0M $273.0M
YoY Change 38.83% 38.83% -4.21%
Inventory $1.075B $1.075B $995.3M
Prepaid Expenses
Receivables $936.6M $937.0M $884.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.198B $4.198B $3.709B
YoY Change 13.19% 13.18% 13.19%
LONG-TERM ASSETS
Property, Plant & Equipment $1.230B $1.225B $1.211B
YoY Change 1.55% 1.16% 0.28%
Goodwill $2.611B $2.572B
YoY Change 1.53% -2.06%
Intangibles $707.7M $740.7M
YoY Change -4.46% -7.24%
Long-Term Investments
YoY Change
Other Assets $839.3M $839.0M $780.5M
YoY Change 7.53% 7.43% 28.6%
Total Long-Term Assets $5.397B $5.383B $5.304B
YoY Change 1.76% 1.51% 1.24%
TOTAL ASSETS
Total Short-Term Assets $4.198B $4.198B $3.709B
Total Long-Term Assets $5.397B $5.383B $5.304B
Total Assets $9.595B $9.581B $9.012B
YoY Change 6.46% 6.31% 5.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $146.3M $146.0M $184.1M
YoY Change -20.53% -20.65% 28.47%
Accrued Expenses $351.0M $528.0M $297.9M
YoY Change 17.82% 13.06% -0.47%
Deferred Revenue
YoY Change
Short-Term Debt $500.0K $1.000M $100.1M
YoY Change -99.5% -99.0% -30.15%
Long-Term Debt Due $1.000M $100.0M
YoY Change -99.0% -30.07%
Total Short-Term Liabilities $1.032B $1.032B $866.0M
YoY Change 19.12% 19.17% -0.13%
LONG-TERM LIABILITIES
Long-Term Debt $1.672B $1.672B $1.721B
YoY Change -2.82% -2.85% 9.19%
Other Long-Term Liabilities $576.6M $577.0M $559.3M
YoY Change 3.09% 3.22% 0.34%
Total Long-Term Liabilities $2.249B $2.249B $2.280B
YoY Change -1.37% -1.36% 6.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.032B $1.032B $866.0M
Total Long-Term Liabilities $2.249B $2.249B $2.280B
Total Liabilities $3.281B $3.283B $3.146B
YoY Change 4.27% 4.16% 4.85%
SHAREHOLDERS EQUITY
Retained Earnings $7.713B $7.086B
YoY Change 8.85% 10.26%
Common Stock $4.003B $3.503B
YoY Change 14.27% 2.98%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.786B $5.072B
YoY Change 14.07% 10.44%
Treasury Stock Shares 94.50M shares 85.50M shares
Shareholders Equity $6.297B $6.297B $5.861B
YoY Change
Total Liabilities & Shareholders Equity $9.581B $9.581B $9.012B
YoY Change 6.3% 6.31% 5.84%

Cashflow Statement

Concept 2013 Q4 2013 2012 Q4
OPERATING ACTIVITIES
Net Income $235.9M $780.4M $152.8M
YoY Change 54.38% 3.36% -2.43%
Depreciation, Depletion And Amortization $90.10M $358.5M $90.20M
YoY Change -0.11% -1.27% -4.35%
Cash From Operating Activities $300.2M $963.1M $368.0M
YoY Change -18.42% -16.39% -6.39%
INVESTING ACTIVITIES
Capital Expenditures -$49.60M $100.0M -$88.40M
YoY Change -43.89% -12.82% -3.28%
Acquisitions
YoY Change
Other Investing Activities $39.40M $13.50M -$136.2M
YoY Change -128.93% -24.58% 11.73%
Cash From Investing Activities -$10.20M -$282.5M -$224.6M
YoY Change -95.46% -52.29% 5.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $720.8M
YoY Change 48.43%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -122.2M -467.3M -58.10M
YoY Change 110.33% 7.06% -254.93%
NET CHANGE
Cash From Operating Activities 300.2M 963.1M 368.0M
Cash From Investing Activities -10.20M -282.5M -224.6M
Cash From Financing Activities -122.2M -467.3M -58.10M
Net Change In Cash 167.8M 213.3M 85.30M
YoY Change 96.72% 72.99% -60.75%
FREE CASH FLOW
Cash From Operating Activities $300.2M $963.1M $368.0M
Capital Expenditures -$49.60M $100.0M -$88.40M
Free Cash Flow $349.8M $863.1M $456.4M
YoY Change -23.36% -16.79% -5.8%

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ZMH
CY2013 dei Entity Registrant Name
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ZIMMER HOLDINGS INC
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10-K
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2013-12-31
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