ZIMMER BIOMET HOLDINGS, INC.

10-K & 10-Q Filings

Zimmer Biomet is a global medical technology leader with a comprehensive portfolio of products designed to maximize mobility and improve health. The company was incorporated in Delaware in 2001 and has a history dating back to 1927. It operates in three segments: Americas, EMEA (Europe, Middle East, and Africa), and Asia Pacific. The company markets and sells products through direct channels and distributors. Its products include orthopedic reconstructive products, sports medicine, biologics, extremities and trauma products, craniomaxillofacial and thoracic products, surgical products, and a suite of integrated digital and robotic technologies. The company's website is [www.zimmerbiomet.com], and its ticker symbol is ZBH.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$4451.80
4471.70
4623.40
4673.30
5997.80
7683.90
7824.10
7643.60
7755.30
6812.50
7627.80
6775.10
7193.00
1782.80
1838.50
4.08%3.12%Cost of Revenue (-)
$1122.00
1125.20
1286.10
1249.80
1800.60
2381.80
2132.90
2271.90
2252.60
2128.30
2341.00
2019.50
2083.80
500.80
512.30
5.29%2.30%Gross Profit (+)
$3329.80
3346.50
3337.30
3423.50
4197.20
5302.10
5691.20
5371.70
5502.70
4684.20
5286.80
4755.60
5109.20
1282.00
1326.20
3.63%3.45%Selling, General & Administrative (-)
$1834.10
1807.10
1833.80
1822.50
2284.20
2932.90
2973.90
3379.30
3343.80
3177.80
3323.90
2761.70
2838.90
715.90
736.20
3.71%2.84%Research & Development (-)
$238.60
225.60
204.20
188.30
268.80
365.60
367.40
391.70
449.30
372.00
497.20
406.00
458.70
110.40
107.90
5.60%-2.26%Depreciation & Amortization (-)
$
337.40
565.90
603.90
595.90
584.30
597.60
615.70
526.80
561.50
133.40
142.10
6.52%Non-recurring Operating Expenses (-)
$
96.00
304.70
Operating Expenses (-)
$2305.70
2299.10
2301.70
2388.80
5530.50
4476.20
4883.00
5627.20
4592.10
4984.00
4715.10
4224.10
4032.70
1002.90
1111.00
4.77%10.78%Costs & Expenses (Total) (-)
$3427.70
3424.30
3587.80
3638.60
7331.10
6858.00
7015.90
7899.10
6844.70
7112.30
7056.10
6243.60
6116.50
1503.70
1623.30
4.94%7.95%Operating Income/Loss (+)
$1024.10
1047.40
1035.60
1034.70
467.30
825.90
808.20
33.80
1137.50
-87.80
780.10
696.30
1277.70
327.30
265.90
1.86%-18.76%Non-operating Income/Expense (+)
$10.10
15.60
15.60
-27.70
-27.50
-68.40
-16.10
-15.60
-4.80
25.40
-153.30
-128.00
-9.30
7.70
-0.10
-101.30%Interest Expense (-)
$55.30
72.90
70.10
63.10
286.60
357.90
327.50
Earnings before Tax (+)
$978.90
990.10
981.10
943.90
153.20
399.60
464.60
-271.10
905.80
-274.40
418.40
403.50
1067.30
286.80
215.10
0.72%-25.00%Tax Expense (-)
$218.90
237.20
221.90
224.90
7.00
95.00
-1348.80
108.20
-225.70
-137.00
16.30
112.30
42.20
54.10
42.30
-12.82%-21.81%Income/Loss (Continuing Operations) (+)
$760.00
752.90
759.20
719.00
146.20
304.60
1813.40
-379.30
1131.50
-137.40
402.10
581.40
2049.10
465.30
172.80
8.62%-62.86%Income/Loss (Discontinued Operations) (+)
$
-58.80
Profit/Loss (+)
$760.00
752.90
759.20
719.00
146.20
304.60
1813.40
-379.30
1131.50
-137.40
402.10
172.80
Net Income/Loss (NCI) (-)
$-0.80
-2.10
-1.80
-1.10
-0.80
-1.30
-0.40
-0.10
-0.10
1.50
0.50
Net Income/Loss (+)
$760.80
755.00
761.00
720.10
147.00
305.90
1813.80
-379.20
1131.60
-138.90
401.60
231.40
1024.00
232.50
172.40
2.51%-25.85%Net Income/Loss (Common) (+)
$760.80
755.00
761.00
720.10
147.00
305.90
1813.80
-379.20
1131.60
-138.90
401.60
231.40
1024.00
232.50
172.40
2.51%-25.85%EPS (Basic)
$4.05
4.32
4.49
4.26
0.78
1.53
8.98
-1.86
5.52
-0.67
1.93
1.10
4.91
1.11
0.84
1.62%-24.32%EPS (Diluted)
$4.03
4.29
4.43
4.19
0.77
1.51
8.90
-1.86
5.47
-0.67
1.91
1.10
4.88
1.11
0.84
1.61%-24.32%Weighted Avg Shares (Basic)
187.60
174.90
169.60
169.00
187.40
200.00
201.90
203.50
205.10
207.00
208.60
209.60
208.70
209.40
205.20
0.89%-2.01%Weighted Avg Shares (Diluted)
188.70
176.00
171.80
171.70
189.80
202.40
203.70
203.50
206.70
207.00
210.40
210.30
209.70
210.40
206.20
0.88%-2.00%Cash
$768.30
884.30
1080.60
1083.30
1459.30
634.10
524.40
542.80
617.90
802.10
478.50
375.70
415.80
330.20
393.00
-4.99%19.02%Short-term Investments
$455.50
671.60
727.00
612.50
164.60
Receivables
$838.80
884.60
936.60
912.10
1446.50
1604.40
1494.60
1275.80
1363.90
1452.70
1404.90
1381.50
1442.40
1380.90
1446.40
4.62%4.74%Inventory
$929.80
995.30
1074.50
1169.00
2254.10
1959.40
2081.80
2256.50
2385.00
2450.70
2394.50
2147.20
2385.20
2241.30
2388.20
8.17%6.55%Prepaid Expenses (Current)
$73.70
76.30
107.10
193.70
538.40
465.70
414.50
352.30
357.10
377.80
607.10
522.90
366.10
459.50
403.80
14.29%-12.12%Other Assets (Current)
$210.50
196.60
271.90
318.40
Assets (Current)
$3276.60
3708.70
4197.70
4289.00
5862.90
4663.60
4515.30
4427.40
4723.90
5083.30
4885.00
4427.30
4609.50
4411.90
4631.50
2.89%4.98%Property, Plant & Equipment (Net)
$1207.30
1210.70
1224.70
1288.80
2062.60
2037.90
2038.60
2015.40
2077.40
2047.70
2016.50
1872.50
2060.40
1906.40
2090.90
4.55%9.68%Goodwill & Intangibles
$3424.50
3312.50
3318.90
3117.70
18680.50
19429.30
19021.80
17279.00
16857.30
16317.30
15492.00
13644.00
13674.90
13806.60
13525.60
12.23%-2.04%Other Assets
$606.90
780.50
839.30
939.20
613.50
553.60
388.80
405.00
980.10
969.40
1062.90
1122.20
1152.10
1118.60
1204.40
5.49%7.67%Assets (Non-current)
$5238.70
5303.70
5382.90
5345.70
21356.60
22020.80
21449.20
19699.40
19914.80
19334.40
18571.40
16638.70
16887.40
16831.60
16820.90
10.25%-0.06%Assets (Total)
$8515.30
9012.40
9580.60
9634.70
27219.50
26684.40
25964.50
24126.80
24638.70
24417.70
23456.40
21066.00
21496.90
21243.50
21452.40
8.02%0.98%Accounts Payable
$151.90
206.90
367.50
239.50
432.00
548.00
495.40
505.00
527.60
389.50
416.30
392.60
471.80
677.90
440.60
9.90%-35.01%Debt (Current)
$143.30
100.10
0.50
575.60
1225.00
525.00
1500.00
500.00
1605.10
544.30
900.00
585.00
970.00
16.55%65.81%Other Liabilities (Current)
$571.90
559.00
663.60
798.50
1185.90
1257.90
1299.80
1391.30
1413.90
1667.40
1446.50
1421.30
1485.70
1072.90
1386.30
8.28%29.21%Liabilities (Current)
$867.10
866.00
1031.60
1038.00
1617.90
2381.50
3020.20
2421.30
3441.50
2556.90
3467.90
2358.20
2857.40
2335.90
2797.00
10.45%19.74%Debt (Non-current)
$1576.00
1720.80
1672.30
1425.50
11556.30
10665.80
8917.50
8413.70
6721.40
7626.50
5463.70
5152.20
4867.90
5204.80
4826.20
9.85%-7.27%Other Liabilities
$557.40
559.30
576.60
648.60
4155.90
3967.20
2291.30
2015.70
2083.00
2034.90
1858.40
1528.60
1283.40
1545.30
1223.20
7.20%-20.84%Liabilities (Non-current)
$2133.40
2280.10
2248.90
2074.10
15712.20
14633.00
11208.80
10429.40
8804.40
9661.40
7322.10
6680.80
6151.30
6750.10
6049.40
9.23%-10.38%Liabilities (Total)
$3000.50
3146.10
3280.50
3112.10
17330.10
17014.50
14229.00
12850.70
12245.90
12218.30
10790.00
9039.00
9008.70
9085.90
8846.40
9.59%-2.64%Treasury Stock
$4592.70
5072.10
5785.70
6183.70
6329.10
6735.80
6721.80
6721.70
6720.50
6719.60
6717.80
6867.20
7562.30
7108.60
7648.90
4.24%7.60%Retained Earnings
$6426.80
7085.90
7712.70
8285.20
8347.70
8467.10
10022.80
9491.20
10427.30
10086.90
10292.20
9559.30
10384.50
9741.70
10509.00
4.08%7.88%AOCI
$271.40
343.90
367.10
85.90
-329.00
-434.00
-83.20
-187.40
-241.90
-297.80
-231.60
-179.30
-191.00
-178.00
-211.20
-18.65%Shareholder's Equity
$5514.80
5866.30
6300.10
6522.60
9889.40
9669.90
11735.50
11276.10
12392.80
12199.40
12666.40
12027.00
12488.10
12157.60
12606.00
7.05%3.69%Liabilities & Equity
$8515.30
9012.40
9580.60
9634.70
27219.50
26684.40
25964.50
24126.80
24638.70
24417.70
23456.40
21066.00
21496.90
21243.50
21452.40
8.02%0.98%Net Income/Loss
$760.00
752.90
759.20
719.00
146.20
304.60
1813.40
-379.30
1131.50
-137.40
402.10
172.80
Depreciation & Amortization
$359.90
363.10
358.50
375.80
712.40
1039.30
1062.70
1040.50
1006.10
1032.70
1067.40
926.40
951.70
231.80
238.60
8.44%2.93%Increase/Decrease in Working Capital
$3.10
63.40
114.70
38.70
383.10
22.40
-64.20
-27.60
167.50
427.50
87.30
311.40
396.20
179.40
212.40
49.81%18.39%Share-based Compensation
$60.50
55.00
48.50
49.40
46.40
57.30
53.70
65.50
84.30
79.70
85.30
105.00
99.80
25.00
29.00
4.26%16.00%Adjustments to Reconcile Net Income
$416.90
399.00
203.90
333.80
670.50
1327.60
-231.10
2126.70
454.30
1341.90
1097.10
1065.00
556.50
74.90
55.20
2.44%-26.30%Net Cash (Operating)
$1176.90
1151.90
963.10
1052.80
816.70
1632.20
1582.30
1747.40
1585.80
1204.50
1499.20
1356.20
1581.60
307.70
228.00
2.49%-25.90%Capital Expenditure
$189.50
174.60
174.20
199.20
7857.90
1205.80
156.00
162.70
404.70
117.90
180.40
187.90
377.50
46.70
67.60
5.91%44.75%Net Cash (Investing)
$-624.40
-592.10
-282.50
-469.40
-7557.90
-1691.50
-510.80
-416.60
-729.30
-613.80
-503.60
-522.00
-778.90
-149.40
-195.00
-30.52%Increase/Decrease in Debt
$549.80
97.20
-97.50
-247.70
7388.30
-259.60
-1248.20
-1154.40
-716.10
-252.90
-1055.00
-1060.70
54.60
89.80
70.00
-17.51%-22.05%Increase/Decrease in Equity
$-1010.60
-442.00
-244.20
-180.30
-103.20
-288.90
145.20
107.90
158.20
107.50
109.30
-49.90
-596.90
-231.60
-57.20
75.30%Dividends Paid
$
94.40
132.40
145.50
157.10
188.40
193.60
195.20
196.70
198.50
200.10
201.20
200.90
50.30
49.40
-1.79%Net Cash (Financing)
$-455.80
-436.50
-467.30
-562.40
7139.80
-743.20
-1210.50
-1302.20
-779.90
-421.80
-1306.00
-775.70
-763.50
-206.70
-50.10
75.76%Effect of Exchange Rate
$2.70
-7.30
-17.00
-18.30
-22.60
-22.70
29.30
-10.20
-1.50
15.30
-13.20
-14.50
0.90
2.90
-5.70
-8.75%-296.55%Increase/Decrease in Cash
$99.40
116.00
196.30
2.70
376.00
-825.20
-109.70
18.40
75.10
184.20
-323.60
-102.80
40.10
-45.50
-22.70
-7.29%50.11%Cash (Beginning)
$668.90
768.30
884.30
1080.60
1083.30
1459.30
634.10
524.40
542.80
617.90
802.10
478.50
375.70
375.70
415.80
-4.69%10.67%Cash (Ending)
$768.30
884.30
1080.60
1083.30
1459.30
634.10
524.40
542.80
617.90
802.10
478.50
375.70
415.80
330.20
393.00
-4.99%19.02%NOPAT
$795.09
796.47
801.37
788.17
445.95
629.55
3154.52
20.31
1420.93
-131.64
749.71
502.51
1227.18
265.56
213.61
3.68%-19.56%Gross Margin %
74.80%
74.84%
72.18%
73.26%
69.98%
69.00%
72.74%
70.28%
70.95%
68.76%
69.31%
70.19%
71.03%
71.91%
72.13%
Operating Margin %
23.00%
23.42%
22.40%
22.14%
7.79%
10.75%
10.33%
0.44%
14.67%
-1.29%
10.23%
10.28%
17.76%
18.36%
14.46%
NOPAT Margin %
17.86%
17.81%
17.33%
16.87%
7.44%
8.19%
40.32%
0.27%
18.32%
-1.93%
9.83%
7.42%
17.06%
14.90%
11.62%
Net Margin %
17.09%
16.88%
16.46%
15.41%
2.45%
3.98%
23.18%
-4.96%
14.59%
-2.04%
5.26%
3.42%
14.24%
13.04%
9.38%
Tax Rate %
22.36%
23.96%
22.62%
23.83%
4.57%
23.77%
-290.31%
39.91%
-24.92%
-49.93%
3.90%
27.83%
3.95%
18.86%
19.67%
ROA
9.34%
8.84%
8.36%
8.18%
1.64%
2.36%
12.15%
0.08%
5.77%
-0.54%
3.20%
2.39%
5.71%
1.25%
1.00%
ROE
14.42%
13.58%
12.72%
12.08%
4.51%
6.51%
26.88%
0.18%
11.47%
-1.08%
5.92%
4.18%
9.83%
2.18%
1.69%
ROIC
12.27%
12.37%
12.47%
12.11%
1.82%
2.52%
12.91%
0.09%
6.34%
-0.60%
3.53%
2.67%
6.41%
1.42%
1.13%
Asset Turnover
0.52
0.50
0.48
0.49
0.22
0.29
0.30
0.32
0.31
0.28
0.33
0.32
0.33
0.08
0.09
Inventory Turnover
1.21
1.13
1.20
1.07
0.80
1.22
1.02
1.01
0.94
0.87
0.98
0.94
0.87
0.22
0.21
Equity Multiplier
1.54
1.54
1.52
1.48
2.75
2.76
2.21
2.14
1.99
2.00
1.85
1.75
1.72
1.75
1.70
Current Ratio
3.78
4.28
4.07
4.13
3.62
1.96
1.50
1.83
1.37
1.99
1.41
1.88
1.61
1.89
1.66
Quick Ratio
2.38
2.82
2.66
2.51
1.90
0.94
0.67
0.75
0.58
0.88
0.54
0.75
0.65
0.73
0.66
Debt/Equity Ratio
0.31
0.31
0.27
0.22
1.17
1.16
0.86
0.79
0.66
0.67
0.56
0.47
0.46
0.48
0.46
Working Capital/Sales
0.42
0.43
0.41
0.45
0.64
0.45
0.43
0.42
0.45
0.55
0.49
0.49
0.47
1.71
1.79
R&D/Sales
0.05
0.05
0.04
0.04
0.04
0.05
0.05
0.05
0.06
0.05
0.07
0.06
0.06
0.06
0.06
Dividend Payout Ratio %
11.85%
16.52%
18.46%
35.23%
29.93%
6.14%
961.11%
13.84%
150.79%
26.69%
40.04%
16.37%
18.94%
23.13%
Total Payout
$460.80
439.20
474.10
573.50
-7128.00
736.90
1296.60
1241.70
754.60
343.90
1145.80
1311.80
743.20
192.10
36.60
4.06%-80.95%Payout Ratio %
57.96%
55.14%
59.16%
72.76%
-1598.39%
117.05%
41.10%
6113.76%
53.11%
261.25%
152.83%
261.05%
60.56%
72.34%
17.13%