Resideo Technologies, Inc. (REZI) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
901 E 6TH STREET AUSTIN, TX 78702 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 5072 - Hardware (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 6/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 326 | 779 | 517 | 122 | 265 | |||
| Cash and cash equivalents | 326 | 779 | 517 | 122 | 265 | |||
| Receivables | 1,002 | 876 | 863 | 817 | 821 | |||
| Inventory, net of allowances, customer advances and progress billings | 975 | 740 | 672 | 671 | 628 | |||
| Inventory | 975 | 740 | 672 | 671 | 628 | |||
| Other current assets | 199 | 146 | 173 | 175 | 95 | |||
| Total current assets: | 2,502 | 2,541 | 2,225 | 1,785 | 1,809 | |||
| Noncurrent Assets | ||||||||
| Property, plant and equipment | 366 | 287 | 318 | 316 | 300 | |||
| Intangible assets, net (including goodwill) | 3,199 | 2,661 | 2,691 | 2,769 | 2,767 | |||
| Goodwill | 2,724 | 2,661 | 2,691 | 2,642 | 2,634 | |||
| Intangible assets, net (excluding goodwill) | 475 | 127 | 133 | |||||
| Other noncurrent assets | 320 | 364 | 376 | 258 | 12 | |||
| Deferred tax assets, net | ✕ | ✕ | ✕ | ✕ | ✕ | 84 | ||
| Total noncurrent assets: | 3,885 | 3,312 | 3,385 | 3,343 | 3,163 | |||
| TOTAL ASSETS: | 6,387 | 5,853 | 5,610 | 5,128 | 4,972 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 1,534 | 1,484 | 1,531 | 1,472 | 1,467 | |||
| Accounts payable | 894 | 883 | 936 | 920 | 964 | |||
| Accrued liabilities | 640 | 601 | 595 | 552 | 503 | |||
| Debt | 12 | 10 | 7 | 22 | 22 | |||
| Total current liabilities: | 1,546 | 1,494 | 1,538 | 1,494 | 1,489 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 1,404 | 1,340 | 1,262 | 1,269 | 1,179 | |||
| Long-term debt, excluding current maturities | 1,404 | 1,220 | 1,155 | 1,158 | 1,179 | |||
| Liabilities, other than long-term debt | 580 | 302 | 334 | 280 | 142 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | 25 | ||
| Liability, pension and other postretirement and postemployment benefits | 86 | 88 | ||||||
| Other liabilities | 328 | 302 | 334 | 280 | 29 | |||
| Operating lease, liability | 166 | 120 | 107 | 111 | ✕ | |||
| Other undisclosed noncurrent liabilities | 328 | |||||||
| Total noncurrent liabilities: | 2,312 | 1,642 | 1,596 | 1,549 | 1,321 | |||
| Total liabilities: | 3,858 | 3,136 | 3,134 | 3,043 | 2,810 | |||
| Equity | ||||||||
| Equity, attributable to parent | 2,529 | 2,252 | 1,993 | 1,602 | 1,533 | |||
| Treasury stock, value | (35) | (21) | (6) | (3) | ||||
| Additional paid in capital | 2,176 | 2,121 | 2,070 | 1,761 | 1,720 | |||
| Accumulated other comprehensive loss | (212) | (165) | (146) | (194) | (189) | |||
| Retained earnings | 600 | 317 | 75 | 38 | 2 | |||
| Total equity: | 2,529 | 2,252 | 1,993 | 1,602 | 1,533 | |||
| Other undisclosed liabilities and equity | 465 | 483 | 483 | 629 | ||||
| TOTAL LIABILITIES AND EQUITY: | 6,387 | 5,853 | 5,610 | 5,128 | 4,972 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 6,370 | 5,846 | 5,071 | 4,988 | 4,827 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (4,604) | (4,285) | (3,758) | (3,798) | (3,461) | ||
| Gross profit: | 1,766 | 1,561 | 1,313 | 1,190 | 1,366 | ||
| Operating expenses | (1,085) | (1,002) | (1,002) | (932) | (944) | ||
| Other operating income, net | 369 | ||||||
| Other undisclosed operating loss | (70) | (262) | |||||
| Operating income: | 611 | 559 | 311 | 258 | 529 | ||
| Nonoperating expense | (135) | (158) | (147) | (115) | (369) | ||
| Other nonoperating expense | (135) | (158) | (147) | (118) | (369) | ||
| Interest and debt expense | (48) | (63) | (69) | (20) | |||
| Other undisclosed income from continuing operations before equity method investments, income taxes | |||||||
| Income from continuing operations before equity method investments, income taxes: | 476 | 353 | 101 | 74 | 140 | ||
| Other undisclosed loss from continuing operations before income taxes | (58) | (3) | (36) | ||||
| Income from continuing operations before income taxes: | 418 | 353 | 101 | 71 | 104 | ||
| Income tax expense (benefit) | (135) | (111) | (64) | (35) | 301 | ||
| Income from continuing operations: | 283 | 242 | 37 | 36 | 405 | ||
| Income before gain (loss) on sale of properties: | ✕ | 242 | 37 | 36 | 405 | ||
| Net income available to common stockholders, diluted: | 283 | 242 | 37 | 36 | 405 | ||
Comprehensive Income ($ in millions)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|
| Net income: | 283 | 242 | 37 | 36 | 405 | ||
| Other comprehensive income (loss) | (47) | (19) | 48 | (5) | (84) | ||
| Comprehensive income, net of tax, attributable to parent: | 236 | 223 | 85 | 31 | 321 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.