斑马技术 2024年度报告

FORM 10-K ☐ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934 For the transition period fromto COMMISSION FILE NUMBER 000-19406 Zebra Technologies Corporation(Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.) 3 Overlook Point, Lincolnshire, IL 60069(Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: (847) 634-6700 Securities registered pursuant to Section 12(b) of the Act: Name of exchange on whichregistered Title of each class Trading Symbol(s) Class A Common Stock, par value$.01 per share The NASDAQ Stock Market, LLC ZBRA Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 ofthe Securities Act.Yes☐No☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 orSection 15(d) of the Exchange Act. Yes☐No☐ Indicate by check mark whether the registrant (1) has filed all reports required to be filed bySection 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for suchshorter period that the registrant was required to file such reports), and (2) has been subject to such filingrequirements for the past 90 days. Yes☐No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive DataFile required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) duringthe preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☐No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of“large accelerated filer”, “accelerated filer”, “smaller reporting company”, and “emerging growth company”in Rule 12b-2 of the Exchange Act (Check one): Large acceleratedfiler☐Accelerated filerNon-acceleratedfiler☐Smaller reportingcompanyEmerging growthcompany If an emerging growth company, indicate by check mark if the registrant has elected not to use theextended transition period for complying with any new or revised financial accounting standards providedpursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to itsmanagement’s assessment of the effectiveness of its internal control over financial reporting underSection 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firmthat prepared or issued its audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether thefinancial statements of the registrant included in the filing reflect the correction of an error to previouslyissued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required arecovery analysis of incentive-based compensation received by any of the registrant’s executive officersduring the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of theSecurities Act). Yes☐No☐ The aggregate market value of the shares of Class A Common Stock held by non-affiliates of theregistrant, computed by reference to the closing price of such stock as of the last business day of theregistrant’s most recently completed second quarter, June 29, 2024, was $15.8 billion. As of February 6, 2025, there were 51,379,208 shares of Class A Common Stock, par value $.01per share, outstanding. Documents Incorporated by ReferenceCertain sections of the Registrant’s definitive proxy statement for its Annual Meeting of Stockholders to be held on May 8, 2025, are incorporated by reference into Part III of this report, as indicated herein.The definitive proxy statement shall be filed with the Securities and Exchange Commission within 120days after the end of the fiscal year to which this report relates. ZEBRA TECHNOLOGIES CORPORATION AND SUBSIDIARIESYEAR ENDED DECEMBER 31, 2024TABLE OF CONTENTS PAGE PART I Item 1.Business4Item 1A.Risk Factors13Item 1B.Unresolved Staff Comments24Item 1C.Cybersecurity24Item 2.Properties25Item 3.Legal Proceedings25Item 4.Mine Safety Disclosures26 PART IIItem 5.Market for Registrant’s Common Equity, Related Stockholder Matters and IssuerPurchases of Equity Securities27Item 6.[Reserved]29Item 7.Management’s Discussion and Analysis of Financial Condition and Results ofOperations30Overview30Results of Operations31Liquidity and Capital Resources34Critical Accounting Estimates37New A