RESIDEO TECHNOLOGIES INC
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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FY2024 · Filed Feb 20, 2025
REZI$19.45-3.0%Stored close · as of Nov 10, 2026
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Consolidated Statements of Cash Flows
| Years Ended December 31, | |||
|---|---|---|---|
| (in millions) | 2024 | 2023 | 2022 |
| Cash Flows From Operating Activities: | |||
| Net income | $116 | $210 | $283 |
| Adjustments to reconcile net income to net cash in operating activities: | |||
| Depreciation and amortization | 144 | 98 | 94 |
| Restructuring, impairment and extinguishment costs | 52 | 42 | 35 |
| Stock-based compensation expense | 59 | 44 | 50 |
| Deferred income taxes | (31) | (28) | (3) |
| Other, net | 7 | (14) | 6 |
| Changes in assets and liabilities, net of acquired companies: | |||
| Accounts receivable, net | (18) | 19 | (72) |
| Inventories, net | (71) | 32 | (122) |
| Other current assets | (5) | 6 | (26) |
| Accounts payable | 127 | 18 | (43) |
| Accrued liabilities | 4 | (34) | (21) |
| Other, net | 60 | 47 | (29) |
| Net cash provided by operating activities | 444 | 440 | 152 |
| Cash Flows From Investing Activities: | |||
| Acquisitions, net of cash acquired | (1,337) | (16) | (665) |
| Capital expenditures | (80) | (105) | (85) |
| Proceeds from sale of business | — | 86 | — |
| Other investing activities, net | 8 | (9) | (14) |
| Net cash used in investing activities | (1,409) | (44) | (764) |
| Cash Flows From Financing Activities: | |||
| Proceeds from issuance of long-term debt, net | 1,176 | — | 200 |
| Proceeds from issuance of preferred stock, net of issuance costs | 482 | — | — |
| Repayments of long-term debt | (605) | (12) | (12) |
| Preferred dividend payments | (12) | — | — |
| Common stock repurchases | (1) | (41) | — |
| Other financing activities, net | (9) | (11) | (18) |
| Net cash provided by (used in) financing activities | 1,031 | (64) | 170 |
| Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash | (10) | (24) | (8) |
| Net increase in cash, cash equivalents and restricted cash | 56 | 308 | (450) |
| Cash, cash equivalents and restricted cash at beginning of year | 637 | 329 | 779 |
| Cash, cash equivalents and restricted cash at end of year | $693 | $637 | $329 |
| Supplemental Cash Flow Information: | |||
| Interest paid, net of swaps | $78 | $80 | $54 |
| Taxes paid, net of refunds | $162 | $123 | $159 |
| Capital expenditures in accounts payable | $22 | $14 | $21 |
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