RESMED INC
For the period ended Dec 31, 2024. Filed Jan 31, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2024 · Filed Jan 31, 2025
RMD$234.11-0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations (Unaudited)
| PART I – FINANCIAL INFORMATION | Item 1 |
|---|
Condensed Consolidated Statements of Operations (Unaudited)
(In US$ and in thousands, except per share data)
| Three Months EndedDecember 31, | Six Months EndedDecember 31, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net revenue - Sleep and Breathing Health products | $1,125,593 | $1,017,855 | $2,193,330 | $1,980,892 |
| Net revenue - Residential Care Software | 156,496 | 144,946 | 313,268 | 284,230 |
| Net revenue | 1,282,089 | 1,162,801 | 2,506,598 | 2,265,122 |
| Cost of sales - Sleep and Breathing Health products | 473,388 | 460,721 | 924,700 | 905,182 |
| Cost of sales - Residential Care Software | 49,792 | 46,889 | 98,100 | 95,782 |
| Cost of sales (exclusive of amortization shown separately below) | 523,180 | 507,610 | 1,022,800 | 1,000,964 |
| Amortization of acquired intangible assets - Sleep and Breathing Health products | 1,230 | 1,324 | 2,440 | 3,240 |
| Amortization of acquired intangible assets - Residential Care Software | 6,404 | 6,933 | 12,864 | 13,924 |
| Amortization of acquired intangible assets | 7,634 | 8,257 | 15,304 | 17,164 |
| Total cost of sales | 530,814 | 515,867 | 1,038,104 | 1,018,128 |
| Gross profit | 751,275 | 646,934 | 1,468,494 | 1,246,994 |
| Selling, general, and administrative | 241,613 | 222,155 | 480,592 | 445,029 |
| Research and development | 81,372 | 73,880 | 160,897 | 149,590 |
| Amortization of acquired intangible assets | 11,047 | 11,577 | 22,451 | 24,056 |
| Restructuring expenses (note 11) | — | 64,228 | — | 64,228 |
| Total operating expenses | 334,032 | 371,840 | 663,940 | 682,903 |
| Income from operations | 417,243 | 275,094 | 804,554 | 564,091 |
| Other income (loss), net: | ||||
| Interest (expense) income, net | (775) | (13,805) | (2,436) | (28,762) |
| Gain (loss) attributable to equity method investments (note 5) | 1,077 | 739 | 2,040 | (3,156) |
| Gain (loss) on equity investments (note 5) | (1,439) | (1,888) | (2,119) | (2,491) |
| Other, net | 2,216 | (686) | (219) | 1,963 |
| Total other income (loss), net | 1,079 | (15,640) | (2,734) | (32,446) |
| Income before income taxes | 418,322 | 259,454 | 801,820 | 531,645 |
| Income taxes | 73,700 | 50,654 | 145,843 | 103,423 |
| Net income | $344,622 | $208,800 | $655,977 | $428,222 |
| Basic earnings per share (note 8) | $2.35 | $1.42 | $4.47 | $2.91 |
| Diluted earnings per share (note 8) | $2.34 | $1.42 | $4.45 | $2.90 |
| Dividend declared per share | $0.53 | $0.48 | $1.06 | $0.96 |
| Basic shares outstanding (000's) | 146,810 | 147,132 | 146,835 | 147,104 |
| Diluted shares outstanding (000's) | 147,481 | 147,545 | 147,520 | 147,572 |
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