$ZBH
Zimmer Biomet Holdings Inc

2020 Q1 Form 10-Q Financial Statement

#000156459020024235 Filed on May 11, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $1.784B $1.976B
YoY Change -9.7% -2.09%
Cost Of Revenue $487.1M $553.4M
YoY Change -11.98% -3.89%
Gross Profit $1.149B $1.279B
YoY Change -10.14% -0.95%
Gross Profit Margin 64.42% 64.73%
Selling, General & Admin $828.9M $796.4M
YoY Change 4.08% -0.66%
% of Gross Profit 72.13% 62.28%
Research & Development $98.40M $101.7M
YoY Change -3.24% 6.27%
% of Gross Profit 8.56% 7.95%
Depreciation & Amortization $253.0M $247.7M
YoY Change 2.14% -6.0%
% of Gross Profit 22.02% 19.37%
Operating Expenses $98.40M $796.4M
YoY Change -87.64% -11.25%
Operating Profit -$456.0M $350.2M
YoY Change -230.21% 14.82%
Interest Expense -$66.50M -$62.40M
YoY Change 6.57% -18.54%
% of Operating Profit -17.82%
Other Income/Expense, Net $3.000M -$500.0K
YoY Change -700.0% -86.11%
Pretax Income -$503.9M $291.7M
YoY Change -272.75% 30.57%
Income Tax $5.200M $45.50M
% Of Pretax Income 15.6%
Net Earnings -$508.5M $246.1M
YoY Change -306.62% 40.87%
Net Earnings / Revenue -28.51% 12.46%
Basic Earnings Per Share -$2.46 $1.20
Diluted Earnings Per Share -$2.46 $1.20
COMMON SHARES
Basic Shares Outstanding 206.5M 204.4M
Diluted Shares Outstanding 206.5M 205.8M

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.434B $587.0M
YoY Change 314.65% -66.74%
Cash & Equivalents $2.434B $586.8M
Short-Term Investments
Other Short-Term Assets $435.0M $377.0M
YoY Change 15.38% -18.92%
Inventory $2.463B $2.310B
Prepaid Expenses
Receivables $1.039B $1.225B
Other Receivables $0.00 $0.00
Total Short-Term Assets $6.371B $4.499B
YoY Change 41.6% -22.1%
LONG-TERM ASSETS
Property, Plant & Equipment $2.066B $2.014B
YoY Change 2.56% -0.85%
Goodwill $8.951B $9.570B
YoY Change -6.47% -10.8%
Intangibles $7.523B
YoY Change -8.66%
Long-Term Investments
YoY Change
Other Assets $1.048B $683.3M
YoY Change 53.37% 66.74%
Total Long-Term Assets $19.14B $19.79B
YoY Change -3.27% -7.55%
TOTAL ASSETS
Total Short-Term Assets $6.371B $4.499B
Total Long-Term Assets $19.14B $19.79B
Total Assets $25.51B $24.29B
YoY Change 5.04% -10.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $405.0M $361.1M
YoY Change 12.16% 3.97%
Accrued Expenses $182.0M $255.0M
YoY Change -28.63% 40.11%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.950B $500.0M
YoY Change 290.0% -69.23%
Total Short-Term Liabilities $3.780B $2.255B
YoY Change 67.63% -34.15%
LONG-TERM LIABILITIES
Long-Term Debt $7.724B $8.311B
YoY Change -7.06% -12.4%
Other Long-Term Liabilities $1.274B $531.3M
YoY Change 139.79% 25.45%
Total Long-Term Liabilities $7.724B $8.842B
YoY Change -12.64% -10.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.780B $2.255B
Total Long-Term Liabilities $7.724B $8.842B
Total Liabilities $13.63B $12.75B
YoY Change 6.94% -16.02%
SHAREHOLDERS EQUITY
Retained Earnings $9.688B
YoY Change -4.94%
Common Stock $8.751B
YoY Change 2.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.721B
YoY Change 0.0%
Treasury Stock Shares $103.9M
Shareholders Equity $11.88B $11.53B
YoY Change
Total Liabilities & Shareholders Equity $25.51B $24.29B
YoY Change 5.04% -10.64%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income -$508.5M $246.1M
YoY Change -306.62% 40.87%
Depreciation, Depletion And Amortization $253.0M $247.7M
YoY Change 2.14% -6.0%
Cash From Operating Activities $450.9M $283.6M
YoY Change 58.99% -42.18%
INVESTING ACTIVITIES
Capital Expenditures $40.20M $37.80M
YoY Change 6.35% 41.57%
Acquisitions
YoY Change
Other Investing Activities $11.60M $14.50M
YoY Change -20.0% -0.68%
Cash From Investing Activities -$121.2M -$105.5M
YoY Change 14.88% 3.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $310.0M
YoY Change 37.78%
Cash From Financing Activities 1.493B -135.2M
YoY Change -1204.14% -116.06%
NET CHANGE
Cash From Operating Activities 450.9M 283.6M
Cash From Investing Activities -121.2M -105.5M
Cash From Financing Activities 1.493B -135.2M
Net Change In Cash 1.816B 44.00M
YoY Change 4026.59% -96.45%
FREE CASH FLOW
Cash From Operating Activities $450.9M $283.6M
Capital Expenditures $40.20M $37.80M
Free Cash Flow $410.7M $245.8M
YoY Change 67.09% -47.0%

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