$REZI
RESIDEO TECHNOLOGIES, INC.

2022 Q3 Form 10-Q Financial Statement

#000095017022014776 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $1.686B $1.506B
YoY Change 14.15% 6.13%
Cost Of Revenue $1.219B $1.072B
YoY Change 11.73% 2.0%
Gross Profit $467.0M $434.0M
YoY Change 20.98% 17.93%
Gross Profit Margin 27.7% 28.82%
Selling, General & Admin $244.0M $238.0M
YoY Change 3.39% 9.68%
% of Gross Profit 52.25% 54.84%
Research & Development $28.00M $24.00M
YoY Change 27.27% 14.29%
% of Gross Profit 6.0% 5.53%
Depreciation & Amortization $29.00M $20.00M
YoY Change 93.33% -13.04%
% of Gross Profit 6.21% 4.61%
Operating Expenses $272.0M $262.0M
YoY Change 5.43% 10.08%
Operating Profit $186.0M $172.0M
YoY Change 53.72% 32.31%
Interest Expense $14.00M $11.00M
YoY Change 16.67% -15.38%
% of Operating Profit 7.53% 6.4%
Other Income/Expense, Net -$41.00M -$40.00M
YoY Change 46.43% -9.09%
Pretax Income $131.0M $121.0M
YoY Change 61.73% 65.75%
Income Tax $37.00M $34.00M
% Of Pretax Income 28.24% 28.1%
Net Earnings $94.00M $87.00M
YoY Change 62.07% 77.55%
Net Earnings / Revenue 5.58% 5.78%
Basic Earnings Per Share $0.65 $0.60
Diluted Earnings Per Share $0.63 $0.58
COMMON SHARES
Basic Shares Outstanding 145.5M 145.1M 145.0M
Diluted Shares Outstanding 148.8M 148.8M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $251.0M $244.0M
YoY Change -56.65% -51.97%
Cash & Equivalents $251.0M $244.0M
Short-Term Investments
Other Short-Term Assets $186.0M $165.0M
YoY Change -6.06% 5.77%
Inventory $971.0M $922.0M
Prepaid Expenses
Receivables $1.073B $1.008B
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.481B $2.339B
YoY Change 5.31% 5.36%
LONG-TERM ASSETS
Property, Plant & Equipment $363.0M $350.0M
YoY Change 19.41% -20.81%
Goodwill $2.695B $3.125B $72.00M
YoY Change 0.48%
Intangibles $180.0M
YoY Change
Long-Term Investments
YoY Change
Other Assets $314.0M $431.0M
YoY Change -15.14% 80.33%
Total Long-Term Assets $3.835B $3.906B
YoY Change 14.27% 16.39%
TOTAL ASSETS
Total Short-Term Assets $2.481B $2.339B
Total Long-Term Assets $3.835B $3.906B
Total Assets $6.316B $6.245B
YoY Change 10.57% 12.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $987.0M $958.0M
YoY Change 7.87% 5.51%
Accrued Expenses $580.0M $576.0M
YoY Change -1.02% 9.09%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $12.00M $12.00M
YoY Change 20.0% 20.0%
Total Short-Term Liabilities $1.579B $1.546B
YoY Change 4.5% 6.92%
LONG-TERM LIABILITIES
Long-Term Debt $1.410B $1.412B
YoY Change 19.09% 19.06%
Other Long-Term Liabilities $332.0M $334.0M
YoY Change 0.61% -63.38%
Total Long-Term Liabilities $1.742B $1.746B
YoY Change 15.06% 47.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.579B $1.546B
Total Long-Term Liabilities $1.742B $1.746B
Total Liabilities $3.922B $3.292B
YoY Change 29.65% -7.11%
SHAREHOLDERS EQUITY
Retained Earnings $498.0M $404.0M
YoY Change 173.63%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $31.00M $27.00M
YoY Change 121.43%
Treasury Stock Shares
Shareholders Equity $2.394B $2.361B
YoY Change
Total Liabilities & Shareholders Equity $6.316B $6.245B
YoY Change 10.57% 12.0%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $94.00M $87.00M
YoY Change 62.07% 77.55%
Depreciation, Depletion And Amortization $29.00M $20.00M
YoY Change 93.33% -13.04%
Cash From Operating Activities $35.00M -$59.00M
YoY Change -62.77% -1280.0%
INVESTING ACTIVITIES
Capital Expenditures -$5.000M -$19.00M
YoY Change -68.75% 0.0%
Acquisitions $633.0M
YoY Change 12560.0%
Other Investing Activities $0.00 $13.00M
YoY Change -100.0% -360.0%
Cash From Investing Activities -$5.000M -$665.0M
YoY Change -72.22% 2670.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $3.000M
YoY Change -99.67%
Cash From Financing Activities -6.000M 189.0M
YoY Change 0.0% 1353.85%
NET CHANGE
Cash From Operating Activities 35.00M -59.00M
Cash From Investing Activities -5.000M -665.0M
Cash From Financing Activities -6.000M 189.0M
Net Change In Cash 24.00M -535.0M
YoY Change -65.71% 5844.44%
FREE CASH FLOW
Cash From Operating Activities $35.00M -$59.00M
Capital Expenditures -$5.000M -$19.00M
Free Cash Flow $40.00M -$40.00M
YoY Change -63.64% -266.67%

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