$REZI
RESIDEO TECHNOLOGIES, INC.

2021 Q3 Form 10-Q Financial Statement

#000156459021041637 Filed on August 05, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q2 2020 Q1
Revenue $1.477B $1.029B $1.179B
YoY Change 8.44% -17.15% -3.04%
Cost Of Revenue $1.091B $789.0M $895.0M
YoY Change 9.98% -16.6% 1.24%
Gross Profit $386.0M $236.0M $284.0M
YoY Change 4.32% -26.93% -14.46%
Gross Profit Margin 26.13% 22.93% 24.09%
Selling, General & Admin $236.0M $235.0M $244.0M
YoY Change 6.79% -7.48% 7.02%
% of Gross Profit 61.14% 99.58% 85.92%
Research & Development $22.00M $19.00M
YoY Change 22.22%
% of Gross Profit 5.7% 8.05%
Depreciation & Amortization $15.00M $21.00M $21.00M
YoY Change -31.82% 5.0% 31.25%
% of Gross Profit 3.89% 8.9% 7.39%
Operating Expenses $258.0M $19.00M $244.0M
YoY Change 7.95% -92.52% 7.02%
Operating Profit $121.0M -$6.000M $34.00M
YoY Change -7.63% -114.29% -60.0%
Interest Expense $12.00M $18.00M $17.00M
YoY Change -14.29% 0.0% 0.0%
% of Operating Profit 9.92% 50.0%
Other Income/Expense, Net -$28.00M $4.000M -$9.000M
YoY Change -1033.33% -1000.0%
Pretax Income $81.00M -$53.00M -$25.00M
YoY Change -1.22% 381.82% -129.76%
Income Tax $23.00M $23.00M -$4.000M
% Of Pretax Income 28.4%
Net Earnings $58.00M -$76.00M -$21.00M
YoY Change -22.67% 590.91% -143.75%
Net Earnings / Revenue 3.93% -7.39% -1.78%
Basic Earnings Per Share $0.40 -$0.62 -$0.17
Diluted Earnings Per Share $0.39 -$0.62 -$0.17
COMMON SHARES
Basic Shares Outstanding 143.9M 123.2M 123.0M
Diluted Shares Outstanding 148.3M 123.2M 123.0M

Balance Sheet

Concept 2021 Q3 2020 Q2 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $579.0M $362.0M $338.0M
YoY Change 122.69% 154.93% 59.43%
Cash & Equivalents $579.0M $362.0M $338.0M
Short-Term Investments
Other Short-Term Assets $198.0M $163.0M $164.0M
YoY Change 22.98% 10.88% 47.75%
Inventory $684.0M $614.0M $671.0M
Prepaid Expenses
Receivables $895.0M $704.0M $820.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.356B $1.843B $1.993B
YoY Change 22.52% -0.16% 7.04%
LONG-TERM ASSETS
Property, Plant & Equipment $304.0M $311.0M $304.0M
YoY Change -31.69% 2.3% 2.7%
Goodwill $2.682B $2.638B $2.612B
YoY Change -0.45% -1.21%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $370.0M $245.0M $378.0M
YoY Change 51.64% 5.15% 76.64%
Total Long-Term Assets $3.356B $3.323B $3.294B
YoY Change 0.3% 0.27% 0.37%
TOTAL ASSETS
Total Short-Term Assets $2.356B $1.843B $1.993B
Total Long-Term Assets $3.356B $3.323B $3.294B
Total Assets $5.712B $5.166B $5.287B
YoY Change 8.41% 0.12% 2.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $915.0M $811.0M $906.0M
YoY Change 6.64% -19.62% -10.56%
Accrued Expenses $586.0M $564.0M $467.0M
YoY Change -3.3% 6.82% -10.88%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $10.00M $287.0M $382.0M
YoY Change -94.48% 1204.55% 1636.36%
Total Short-Term Liabilities $1.511B $1.662B $1.755B
YoY Change -8.15% 6.61% 12.57%
LONG-TERM LIABILITIES
Long-Term Debt $1.184B $1.140B $1.149B
YoY Change 3.77% -2.48% -2.13%
Other Long-Term Liabilities $330.0M $998.0M $270.0M
YoY Change -67.42% 286.82% 12.97%
Total Long-Term Liabilities $1.514B $1.140B $1.419B
YoY Change 32.69% -20.11% 0.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.511B $1.662B $1.755B
Total Long-Term Liabilities $1.514B $1.140B $1.419B
Total Liabilities $3.025B $3.671B $3.174B
YoY Change -17.44% 22.94% 6.8%
SHAREHOLDERS EQUITY
Retained Earnings $182.0M -$59.00M $17.00M
YoY Change -251.28% -66.0%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $14.00M $5.000M $4.000M
YoY Change 150.0% 100.0%
Treasury Stock Shares
Shareholders Equity $2.103B $1.495B $1.521B
YoY Change
Total Liabilities & Shareholders Equity $5.712B $5.166B $5.287B
YoY Change 8.41% 0.12% 2.78%

Cashflow Statement

Concept 2021 Q3 2020 Q2 2020 Q1
OPERATING ACTIVITIES
Net Income $58.00M -$76.00M -$21.00M
YoY Change -22.67% 590.91% -143.75%
Depreciation, Depletion And Amortization $15.00M $21.00M $21.00M
YoY Change -31.82% 5.0% 31.25%
Cash From Operating Activities $94.00M $145.0M -$74.00M
YoY Change 347.62% -637.04% 640.0%
INVESTING ACTIVITIES
Capital Expenditures -$16.00M -$15.00M -$16.00M
YoY Change -15.79% -34.78% 6.67%
Acquisitions $35.00M
YoY Change 483.33%
Other Investing Activities -$2.000M $0.00 -$35.00M
YoY Change -100.0% 483.33%
Cash From Investing Activities -$18.00M -$15.00M -$51.00M
YoY Change -5.26% -55.88% 142.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -6.000M -108.0M 349.0M
YoY Change -94.34% 1250.0% -1617.39%
NET CHANGE
Cash From Operating Activities 94.00M 145.0M -74.00M
Cash From Investing Activities -18.00M -15.00M -51.00M
Cash From Financing Activities -6.000M -108.0M 349.0M
Net Change In Cash 70.00M 22.00M 216.0M
YoY Change -167.31% -131.88% -507.55%
FREE CASH FLOW
Cash From Operating Activities $94.00M $145.0M -$74.00M
Capital Expenditures -$16.00M -$15.00M -$16.00M
Free Cash Flow $110.0M $160.0M -$58.00M
YoY Change 175.0% -4100.0% -1260.0%

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