$REZI
RESIDEO TECHNOLOGIES, INC.

2024 Q4 Form 10-Q Financial Statement

#000174033224000059 Filed on November 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $1.828B
YoY Change 14.11%
Cost Of Revenue $1.304B
YoY Change 11.84%
Gross Profit $524.0M
YoY Change 20.18%
Gross Profit Margin 28.67%
Selling, General & Admin $317.0M
YoY Change 30.99%
% of Gross Profit 60.5%
Research & Development $23.00M
YoY Change -20.69%
% of Gross Profit 4.39%
Depreciation & Amortization $46.00M
YoY Change 84.0%
% of Gross Profit 8.78%
Operating Expenses $398.0M
YoY Change 41.64%
Operating Profit $126.0M
YoY Change -18.71%
Interest Expense -$27.00M
YoY Change 58.82%
% of Operating Profit -21.43%
Other Income/Expense, Net -$55.00M
YoY Change 30.95%
Pretax Income $44.00M
YoY Change -53.19%
Income Tax $24.00M
% Of Pretax Income 54.55%
Net Earnings $20.00M
YoY Change -60.0%
Net Earnings / Revenue 1.09%
Basic Earnings Per Share $0.07
Diluted Earnings Per Share $0.07
COMMON SHARES
Basic Shares Outstanding 147.0M shares 146.4M shares
Diluted Shares Outstanding 149.0M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $531.0M
YoY Change 39.37%
Cash & Equivalents $531.0M
Short-Term Investments
Other Short-Term Assets $206.0M
YoY Change 4.57%
Inventory $1.197B
Prepaid Expenses
Receivables $1.103B
Other Receivables $0.00
Total Short-Term Assets $3.037B
YoY Change 15.83%
LONG-TERM ASSETS
Property, Plant & Equipment $423.0M
YoY Change -27.07%
Goodwill $3.119B
YoY Change 13.96%
Intangibles $1.197B
YoY Change 156.32%
Long-Term Investments
YoY Change
Other Assets $359.0M
YoY Change 176.15%
Total Long-Term Assets $5.098B
YoY Change 30.25%
TOTAL ASSETS
Total Short-Term Assets $3.037B
Total Long-Term Assets $5.098B
Total Assets $8.135B
YoY Change 24.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.021B
YoY Change 7.7%
Accrued Expenses $645.0M
YoY Change 22.39%
Deferred Revenue $29.00M
YoY Change -64.63%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $6.000M
YoY Change -50.0%
Total Short-Term Liabilities $1.672B
YoY Change 9.71%
LONG-TERM LIABILITIES
Long-Term Debt $1.983B
YoY Change 41.64%
Other Long-Term Liabilities $491.0M
YoY Change -47.49%
Total Long-Term Liabilities $2.474B
YoY Change 5.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.672B
Total Long-Term Liabilities $2.474B
Total Liabilities $4.781B
YoY Change 23.89%
SHAREHOLDERS EQUITY
Retained Earnings $893.0M
YoY Change 26.31%
Common Stock $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $108.0M
YoY Change 116.0%
Treasury Stock Shares
Shareholders Equity $3.354B
YoY Change
Total Liabilities & Shareholders Equity $8.135B
YoY Change 24.46%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $20.00M
YoY Change -60.0%
Depreciation, Depletion And Amortization $46.00M
YoY Change 84.0%
Cash From Operating Activities $147.0M
YoY Change 21.49%
INVESTING ACTIVITIES
Capital Expenditures $22.00M
YoY Change -24.14%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$22.00M
YoY Change -24.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -9.000M
YoY Change 0.0%
NET CHANGE
Cash From Operating Activities 147.0M
Cash From Investing Activities -22.00M
Cash From Financing Activities -9.000M
Net Change In Cash 116.0M
YoY Change 39.76%
FREE CASH FLOW
Cash From Operating Activities $147.0M
Capital Expenditures $22.00M
Free Cash Flow $125.0M
YoY Change 35.87%

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645000000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
608000000 usd
CY2024Q3 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
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CY2023Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
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CY2023Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
34000000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
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us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
25000000 usd
CY2023 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
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us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
22000000 usd
CY2023 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
38000000 usd
CY2024Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
37000000 usd
CY2023Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
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CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
83000000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
84000000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
20000000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
21000000 usd
us-gaap Net Income Loss
NetIncomeLoss
93000000 usd
us-gaap Net Income Loss
NetIncomeLoss
128000000 usd
CY2024Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
8000000 usd
CY2023Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
0 usd
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
10000000 usd
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
0 usd
CY2024Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
1000000 usd
CY2023Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
4000000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
11000000 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
11000000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
21000000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
21000000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
79000000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
79000000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
128000000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
128000000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
147000000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
147000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
146000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
147000000 shares
CY2024Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2000000 shares
CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1000000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3000000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2000000 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
149000000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
148000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
149000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
149000000 shares
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.07
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.54
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.87
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.07
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.53
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.86
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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