$REZI
RESIDEO TECHNOLOGIES, INC.

2022 Q4 Form 10-Q Financial Statement

#000095017022020843 Filed on November 01, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2021 Q4
Revenue $1.618B $1.496B
YoY Change 8.16% -0.33%
Cost Of Revenue $1.188B $1.080B
YoY Change 10.0% 0.37%
Gross Profit $430.0M $416.0M
YoY Change 3.37% -2.12%
Gross Profit Margin 26.58% 27.81%
Selling, General & Admin $236.0M $229.0M
YoY Change 3.06% -11.92%
% of Gross Profit 54.88% 55.05%
Research & Development $29.00M $20.00M
YoY Change 45.0%
% of Gross Profit 6.74% 4.81%
Depreciation & Amortization $15.00M $22.00M
YoY Change -31.82% 0.0%
% of Gross Profit 3.49% 5.29%
Operating Expenses $265.0M $249.0M
YoY Change 6.43% -4.23%
Operating Profit $155.0M $167.0M
YoY Change -7.19% 1.21%
Interest Expense $15.00M $12.00M
YoY Change 25.0% -185.71%
% of Operating Profit 9.68% 7.19%
Other Income/Expense, Net -$44.00M -$58.00M
YoY Change -24.14% 41.46%
Pretax Income $96.00M $97.00M
YoY Change -1.03% 0.0%
Income Tax $33.00M $29.00M
% Of Pretax Income 34.38% 29.9%
Net Earnings $63.00M $87.00M
YoY Change -27.59% 47.46%
Net Earnings / Revenue 3.89% 5.82%
Basic Earnings Per Share $0.43 $0.47
Diluted Earnings Per Share $0.42 $0.46
COMMON SHARES
Basic Shares Outstanding 145.8M 144.3M
Diluted Shares Outstanding 149.2M 148.6M

Balance Sheet

Concept 2022 Q4 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $252.0M $686.0M
YoY Change -63.27% 32.69%
Cash & Equivalents $252.0M $775.0M
Short-Term Investments
Other Short-Term Assets $198.0M $150.0M
YoY Change 32.0% -13.29%
Inventory $957.0M $740.0M
Prepaid Expenses
Receivables $1.043B $876.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.450B $2.541B
YoY Change -3.58% 14.2%
LONG-TERM ASSETS
Property, Plant & Equipment $351.0M $287.0M
YoY Change 22.3% -9.75%
Goodwill $2.678B $2.661B
YoY Change 0.64% -1.11%
Intangibles $180.0M $120.0M
YoY Change 50.0%
Long-Term Investments
YoY Change
Other Assets $323.0M $244.0M
YoY Change 32.38% -35.11%
Total Long-Term Assets $3.812B $3.312B
YoY Change 15.1% -2.16%
TOTAL ASSETS
Total Short-Term Assets $2.450B $2.541B
Total Long-Term Assets $3.812B $3.312B
Total Assets $6.262B $5.853B
YoY Change 6.99% 4.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $936.0M $883.0M
YoY Change 6.0% -5.66%
Accrued Expenses $594.0M $601.0M
YoY Change -1.16% 1.01%
Deferred Revenue $98.00M $94.00M
YoY Change 4.26%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $12.00M $10.00M
YoY Change 20.0% 42.86%
Total Short-Term Liabilities $1.542B $1.494B
YoY Change 3.21% -2.86%
LONG-TERM LIABILITIES
Long-Term Debt $1.407B $1.220B
YoY Change 15.33% 5.63%
Other Long-Term Liabilities $338.0M $302.0M
YoY Change 11.92% -9.58%
Total Long-Term Liabilities $1.745B $1.522B
YoY Change 14.65% 2.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.542B $1.494B
Total Long-Term Liabilities $1.745B $1.522B
Total Liabilities $3.862B $3.601B
YoY Change 7.25% 18.96%
SHAREHOLDERS EQUITY
Retained Earnings $561.0M $317.0M
YoY Change 76.97% 322.67%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $31.00M $21.00M
YoY Change 47.62% 250.0%
Treasury Stock Shares
Shareholders Equity $2.400B $2.252B
YoY Change
Total Liabilities & Shareholders Equity $6.262B $5.853B
YoY Change 6.99% 4.33%

Cashflow Statement

Concept 2022 Q4 2021 Q4
OPERATING ACTIVITIES
Net Income $63.00M $87.00M
YoY Change -27.59% 47.46%
Depreciation, Depletion And Amortization $15.00M $22.00M
YoY Change -31.82% 0.0%
Cash From Operating Activities $37.00M $104.0M
YoY Change -64.42% -31.58%
INVESTING ACTIVITIES
Capital Expenditures -$10.00M -$13.00M
YoY Change -23.08% -35.0%
Acquisitions
YoY Change
Other Investing Activities -$27.00M -$1.000M
YoY Change 2600.0% -150.0%
Cash From Investing Activities -$37.00M -$14.00M
YoY Change 164.29% -22.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.000M 21.00M
YoY Change -104.76% -82.2%
NET CHANGE
Cash From Operating Activities 37.00M 104.0M
Cash From Investing Activities -37.00M -14.00M
Cash From Financing Activities -1.000M 21.00M
Net Change In Cash -1.000M 111.0M
YoY Change -100.9% -55.95%
FREE CASH FLOW
Cash From Operating Activities $37.00M $104.0M
Capital Expenditures -$10.00M -$13.00M
Free Cash Flow $47.00M $117.0M
YoY Change -59.83% -31.98%

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