$REZI
RESIDEO TECHNOLOGIES, INC.

2022 Q1 Form 10-K Financial Statement

#000095017022001289 Filed on February 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021
Revenue $1.496B $5.846B
YoY Change -0.33% 15.28%
Cost Of Revenue $1.080B $4.285B
YoY Change 0.37% 14.02%
Gross Profit $416.0M $1.561B
YoY Change -2.12% 18.89%
Gross Profit Margin 27.81% 26.7%
Selling, General & Admin $229.0M $916.0M
YoY Change -11.92% -0.97%
% of Gross Profit 55.05% 58.68%
Research & Development $20.00M $86.00M
YoY Change 11.69%
% of Gross Profit 4.81% 5.51%
Depreciation & Amortization $22.00M $58.00M
YoY Change 0.0% 3.57%
% of Gross Profit 5.29% 3.72%
Operating Expenses $249.0M $1.002B
YoY Change -4.23% 0.0%
Operating Profit $167.0M $559.0M
YoY Change 1.21% 79.74%
Interest Expense $12.00M $48.00M
YoY Change -185.71% -23.81%
% of Operating Profit 7.19% 8.59%
Other Income/Expense, Net -$58.00M -$158.0M
YoY Change 41.46% 7.48%
Pretax Income $97.00M $353.0M
YoY Change 0.0% 249.5%
Income Tax $29.00M $111.0M
% Of Pretax Income 29.9% 31.44%
Net Earnings $87.00M $242.0M
YoY Change 47.46% 554.05%
Net Earnings / Revenue 5.82% 4.14%
Basic Earnings Per Share $0.47 $1.68
Diluted Earnings Per Share $0.46 $1.63
COMMON SHARES
Basic Shares Outstanding 145.0M 144.3M 144.0M
Diluted Shares Outstanding 148.6M 148.4M

Balance Sheet

Concept 2022 Q1 2021 Q4 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $686.0M $779.0M
YoY Change 32.69% 50.68%
Cash & Equivalents $775.0M $779.0M
Short-Term Investments
Other Short-Term Assets $150.0M $146.0M
YoY Change -13.29% -15.61%
Inventory $740.0M $740.0M
Prepaid Expenses
Receivables $876.0M $876.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.541B $2.541B
YoY Change 14.2% 14.2%
LONG-TERM ASSETS
Property, Plant & Equipment $287.0M $428.0M
YoY Change -9.75% -5.1%
Goodwill $72.00M $2.661B
YoY Change -1.11%
Intangibles $120.0M
YoY Change
Long-Term Investments
YoY Change
Other Assets $244.0M $223.0M
YoY Change -35.11% -8.23%
Total Long-Term Assets $3.312B $3.312B
YoY Change -2.16% -2.16%
TOTAL ASSETS
Total Short-Term Assets $2.541B $2.541B
Total Long-Term Assets $3.312B $3.312B
Total Assets $5.853B $5.853B
YoY Change 4.33% 4.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $883.0M $883.0M
YoY Change -5.66% -5.66%
Accrued Expenses $601.0M $547.0M
YoY Change 1.01% 2.63%
Deferred Revenue $94.00M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $10.00M $10.00M
YoY Change 42.86% 42.86%
Total Short-Term Liabilities $1.494B $1.494B
YoY Change -2.86% -2.86%
LONG-TERM LIABILITIES
Long-Term Debt $1.220B $1.220B
YoY Change 5.63% 5.63%
Other Long-Term Liabilities $302.0M $887.0M
YoY Change -9.58% -4.0%
Total Long-Term Liabilities $1.522B $2.107B
YoY Change 2.22% 1.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.494B $1.494B
Total Long-Term Liabilities $1.522B $2.107B
Total Liabilities $3.601B $3.601B
YoY Change 18.96% -0.44%
SHAREHOLDERS EQUITY
Retained Earnings $317.0M
YoY Change 322.67%
Common Stock $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $21.00M
YoY Change 250.0%
Treasury Stock Shares
Shareholders Equity $2.252B $2.252B
YoY Change
Total Liabilities & Shareholders Equity $5.853B $5.853B
YoY Change 4.33% 4.33%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021
OPERATING ACTIVITIES
Net Income $87.00M $242.0M
YoY Change 47.46% 554.05%
Depreciation, Depletion And Amortization $22.00M $58.00M
YoY Change 0.0% 3.57%
Cash From Operating Activities $104.0M $315.0M
YoY Change -31.58% 29.1%
INVESTING ACTIVITIES
Capital Expenditures -$13.00M -$63.00M
YoY Change -35.0% -10.0%
Acquisitions $11.00M
YoY Change -68.57%
Other Investing Activities -$1.000M -$9.000M
YoY Change -150.0% 350.0%
Cash From Investing Activities -$14.00M -$65.00M
YoY Change -22.22% -36.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $1.188B
YoY Change 5300.0%
Cash From Financing Activities 21.00M 20.00M
YoY Change -82.2% -92.09%
NET CHANGE
Cash From Operating Activities 104.0M 315.0M
Cash From Investing Activities -14.00M -65.00M
Cash From Financing Activities 21.00M 20.00M
Net Change In Cash 111.0M 262.0M
YoY Change -55.95% -33.67%
FREE CASH FLOW
Cash From Operating Activities $104.0M $315.0M
Capital Expenditures -$13.00M -$63.00M
Free Cash Flow $117.0M $378.0M
YoY Change -31.98% 20.38%

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