$ZBH
Zimmer Biomet Holdings Inc

2022 Q1 Form 10-Q Financial Statement

#000156459022018250 Filed on May 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $1.663B $1.601B
YoY Change 3.86% -10.23%
Cost Of Revenue $500.0M $516.4M
YoY Change -3.18% 6.02%
Gross Profit $1.163B $1.085B
YoY Change 7.21% -5.58%
Gross Profit Margin 69.94% 67.75%
Selling, General & Admin $684.5M $770.1M
YoY Change -11.12% -7.09%
% of Gross Profit 58.85% 70.98%
Research & Development $96.90M $94.40M
YoY Change 2.65% -4.07%
% of Gross Profit 8.33% 8.7%
Depreciation & Amortization $233.8M $268.7M
YoY Change -12.99% 6.21%
% of Gross Profit 20.1% 24.76%
Operating Expenses $912.2M $1.020B
YoY Change -10.57% 936.59%
Operating Profit $198.4M $258.7M
YoY Change -23.31% -156.73%
Interest Expense -$41.10M -$52.30M
YoY Change -21.41% -21.35%
% of Operating Profit -20.72% -20.22%
Other Income/Expense, Net -$56.10M $7.300M
YoY Change -868.49% 143.33%
Pretax Income $101.2M $220.6M
YoY Change -54.13% -143.78%
Income Tax $28.00M $22.90M
% Of Pretax Income 27.67% 10.38%
Net Earnings $14.40M $198.1M
YoY Change -92.73% -138.96%
Net Earnings / Revenue 0.87% 12.37%
Basic Earnings Per Share $0.07 $0.95
Diluted Earnings Per Share $0.07 $0.94
COMMON SHARES
Basic Shares Outstanding 209.2M 208.0M
Diluted Shares Outstanding 210.1M 210.2M

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $435.8M $724.0M
YoY Change -39.81% -70.25%
Cash & Equivalents $435.8M $724.3M
Short-Term Investments
Other Short-Term Assets $694.7M $384.0M
YoY Change 80.91% -11.72%
Inventory $2.132B $2.512B
Prepaid Expenses
Receivables $1.254B $1.380B
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.517B $5.000B
YoY Change -9.67% -21.52%
LONG-TERM ASSETS
Property, Plant & Equipment $1.826B $2.022B
YoY Change -9.69% -2.11%
Goodwill $8.896B $9.233B
YoY Change -3.65% 3.15%
Intangibles $5.392B $6.801B
YoY Change -20.73%
Long-Term Investments
YoY Change
Other Assets $987.4M $970.2M
YoY Change 1.77% -7.42%
Total Long-Term Assets $17.10B $19.03B
YoY Change -10.12% -0.6%
TOTAL ASSETS
Total Short-Term Assets $4.517B $5.000B
Total Long-Term Assets $17.10B $19.03B
Total Assets $21.62B $24.03B
YoY Change -10.03% -5.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $322.0M $329.8M
YoY Change -2.37% -18.57%
Accrued Expenses $184.5M $235.0M
YoY Change -21.49% 29.12%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.015B $300.0M
YoY Change 238.17% -84.62%
Total Short-Term Liabilities $2.674B $2.089B
YoY Change 28.01% -44.74%
LONG-TERM LIABILITIES
Long-Term Debt $5.286B $7.539B
YoY Change -29.88% -2.4%
Other Long-Term Liabilities $552.5M $1.183B
YoY Change -53.3% -7.14%
Total Long-Term Liabilities $5.839B $7.539B
YoY Change -22.55% -2.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.674B $2.089B
Total Long-Term Liabilities $5.839B $7.539B
Total Liabilities $9.596B $11.58B
YoY Change -17.15% -15.05%
SHAREHOLDERS EQUITY
Retained Earnings $9.503B
YoY Change
Common Stock $9.389B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.718B
YoY Change
Treasury Stock Shares $103.8M
Shareholders Equity $12.02B $12.45B
YoY Change
Total Liabilities & Shareholders Equity $21.62B $24.03B
YoY Change -10.03% -5.82%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $14.40M $198.1M
YoY Change -92.73% -138.96%
Depreciation, Depletion And Amortization $233.8M $268.7M
YoY Change -12.99% 6.21%
Cash From Operating Activities $237.2M $246.5M
YoY Change -3.77% -45.33%
INVESTING ACTIVITIES
Capital Expenditures $36.40M $25.80M
YoY Change 41.09% -35.82%
Acquisitions
YoY Change
Other Investing Activities $1.000M $13.20M
YoY Change -92.42% 13.79%
Cash From Investing Activities -$88.30M -$122.3M
YoY Change -27.8% 0.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -190.5M -195.8M
YoY Change -2.71% -113.12%
NET CHANGE
Cash From Operating Activities 237.2M 246.5M
Cash From Investing Activities -88.30M -122.3M
Cash From Financing Activities -190.5M -195.8M
Net Change In Cash -42.70M -77.80M
YoY Change -45.12% -104.28%
FREE CASH FLOW
Cash From Operating Activities $237.2M $246.5M
Capital Expenditures $36.40M $25.80M
Free Cash Flow $200.8M $220.7M
YoY Change -9.02% -46.26%

Facts In Submission

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<p style="margin-top:12pt;margin-bottom:0pt;text-indent:3.33%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Use of Estimates<span style="font-style:normal;"> - 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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210100000
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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210200000
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1663200000
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2021Q1 us-gaap Operating Income Loss
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CY2021Q1 us-gaap Litigation Settlement Expense
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CY2022Q1 us-gaap Litigation Reserve
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CY2021Q4 us-gaap Litigation Reserve
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zbh-ex101_12.htm Edgar Link pending
zbh-ex102_13.htm Edgar Link pending
zbh-ex103_14.htm Edgar Link pending
zbh-ex104_15.htm Edgar Link pending
zbh-ex21_6.htm Edgar Link pending
zbh-ex311_9.htm Edgar Link pending
zbh-ex312_8.htm Edgar Link pending
zbh-ex32_7.htm Edgar Link pending