Below are the financial statements of Resideo Technologies, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net revenue | 6,761a | 6,242a | 6,370a |
| Cost of goods sold | -4,860a | -4,546a | -4,604a |
| Gross profit | 1,901a | 1,696a | 1,766a |
| Operating expenses | — | — | — |
| Research and development expenses | -111a | -109a | -111a |
| Selling, general and administrative expenses | -1,138a | -960a | -974a |
| Intangible asset amortization | -80a | -38a | -35a |
| Restructuring, impairment and extinguishment costs | -52a | -42a | -35a |
| Total operating expenses | -1,381a | -1,149a | -1,155a |
| Income from operations | 520a | 547a | 611a |
| Other expenses, net | 218a | 169a | 139a |
| Interest expense, net | -81a | -65a | -54a |
| Income before taxes | 221a | 313a | 418a |
| Provision for income taxes | -105a | -103a | -135a |
| Net income | 116a | 210a | 283a |
| Less: preferred stock dividends | 19a | 0a | 0a |
| Less: undistributed income allocated to preferred stockholders | 6a | 0a | 0a |
| Net income available to common stockholders | 91a | 210a | 283a |
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