RESMED INC

Listed Company

RSMDFCIK 0000943819OTCLarge AcceleratedSurgical & Medical Instruments & ApparatusDelawareFY ends Jun 30

Period

FY 2025

Revenue

$5.15B

Net Income

$1.40B

Total Assets

$8.17B

Equity

$5.97B

Shares Out

145.68M

Op. Cash Flow

$1.75B

Business

RESMED INC designs, manufactures and markets cloud‑connected medical devices and digital health solutions for sleep and breathing disorders and residential care. It offers CPAP, APAP, bilevel and ventilation devices, mask systems, diagnostic products (e.g., ApneaLink Air, NightOwl), accessories, and cloud-based platforms and patient engagement tools (AirView, myAir) as well as residential care software (Brightree, MatrixCare, HEALTHCAREfirst, MEDIFOX DAN). The company operates in two reportable segments: Sleep and Breathing Health and Residential Care Software. It distributes products in over 140 countries via wholly owned subsidiaries, direct sales, HME providers and independent distributors, with its residential care software sold primarily in the U.S. and Germany.

Summary from filing dated 2025-08-08

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Net revenue	5,146	4,685	4,223	3,578	3,197
Cost of sales (exclusive of amortization shown separately below)	2,059	1,997	1,837	1,514	1,313
Amortization of acquired intangible assets	32	33	30	40	45
Total cost of sales	2,091	2,030	1,867	1,554	1,358
Gross profit	3,055	2,655	2,356	2,024	1,839
Selling, general, and administrative	991	917	874	738	670
Research and development	331	308	288	254	225
Amortization of acquired intangible assets	45	47	42	31	31
Restructuring expenses (note 17)	0	64	9	0	9
Acquisition related expenses	2	0	11	2	0
Total operating expenses	1,370	1,335	1,224	1,024	935
Income from operations	1,685	1,320	1,132	1,000	904
Interest income (expense), net	4	−46	−47	−22	—
Gain (loss) attributable to equity method investments (note 6)	4	−2	−7	−8	−11
Gain (loss) on equity investments (note 6)	−10	−4	10	−12	15
Gain on insurance recoveries	0	0	20	0	0
Other, net	−5	−3	−6	3	301,000
Total other income (loss), net	−8	−55	−30	−40	−20
Income before income taxes	1,678	1,265	1,102	960	884
Income taxes (note 12)	277	244	204	181	409
Net income	1,401	1,021	898	779	475
Basic earnings per share (note 11) (in dollars per share)	9.55	6.94	6.12	5.34	3.27
Diluted earnings per share (note 11) (in dollars per share)	9.51	6.92	6.09	5.3	3.24
Dividend declared per share (in dollars per share)	2.12	1.92	1.76	1.68	1.56
Basic shares outstanding (000's) (in shares)	147	147	147	146	145
Diluted shares outstanding (000's) (in shares)	147	148	147	147	146

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Cash and cash equivalents	1,209	238	228	274	295
Accounts receivable, net of allowances of $22,424 and $21,132 at June 30, 2025 and June 30, 2024, respectively	939	837	705	576	614
Inventories (note 4)	928	822	998	744	457
Prepaid expenses and other current assets (note 4)	429	460	437	338	208
Total current assets	3,506	2,358	2,368	1,931	1,575
Property, plant and equipment, net (note 4)	551	548	538	498	463
Operating lease right-of-use assets (note 9)	167	151	128	132	129
Goodwill (note 5)	3,047	2,842	2,770	1,936	1,928
Other intangible assets, net (note 5)	465	486	552	346	393
Deferred income taxes (note 12)	253	204	133	80	80
Prepaid taxes and other non-current assets	186	284	262	172	161
Total non-current assets	4,669	4,515	4,384	3,164	3,153
Total assets	8,174	6,872	6,752	5,096	4,728
Accounts payable	278	238	151	159	138
Accrued expenses (note 7)	402	378	366	345	321
Operating lease liabilities, current (note 9)	31	25	22	22	24
Deferred revenue	166	153	138	109	110
Income taxes payable (note 12)	132	108	72	45	308
Short-term debt, net (note 8)	10	10	10	10	12
Total current liabilities	1,019	911	759	689	912
Deferred revenue	157	137	119	95	91
Deferred income taxes (note 12)	78	79	91	10	11
Operating lease liabilities, non-current (note 9)	153	141	117	120	115
Other long-term liabilities	142	42	68	6	7
Long-term debt, net (note 8)	658	697	1,431	765	643
Long-term income taxes payable (note 12)	0	0	37	49	63
Total non-current liabilities	1,187	1,098	1,863	1,046	931
Total liabilities	2,207	2,008	2,622	1,735	1,842
Commitments and contingencies (note 15)	—	—	—	—	—
Preferred stock, $0.01 par value, 2,000,000 shares authorized; none issued	0	0	0	0	0
Common stock, $0.004 par value, 350,000,000 shares authorized; 190,311,097 issued and 146,385,350 outstanding at June 30, 2025 and 189,565,112 issued and 146,901,045 outstanding at June 30, 2024	761,000	588,000	588,000	586,000	583,000
Additional paid-in capital	2,034	1,897	1,772	1,682	1,622
Retained earnings	6,081	4,992	4,253	3,614	3,080
Treasury stock, at cost, 43,925,747 shares at June 30, 2025 and 42,664,067 shares at June 30, 2024	−2,100	−1,773	−1,623	−1,623	−1,623
Accumulated other comprehensive loss	−75	−252	−273	−313	−193
Total stockholders equity	5,968	4,864	4,130	3,361	2,886
Total liabilities and stockholders equity	8,174	6,872	6,752	5,096	4,728

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Depreciation and amortization	198	177	165	160	157
Amortization of right-of-use assets	37	39	32	34	35
Stock-based compensation costs (note 10)	92	80	71	65	64
(Gain) loss attributable to equity method investments, net of dividends received (note 6)	−4	2	10	8	—
(Gain) loss on equity investments (note 6)	10	4	−10	12	—
Restructuring expenses (note 17)	0	33	9	0	—
Gain on insurance recoveries	0	0	−20	0	0
Accounts receivable	−77	−134	−107	19	−129
Inventories	−80	172	−249	−312	−22
Prepaid expenses, net deferred income taxes and other current assets	83	−115	−138	−168	−58
Accounts payable, accrued expenses and other	91	122	31	−248	211
Net cash provided by operating activities	1,752	1,401	693	351	737
Purchases of property, plant and equipment	−90	−99	−120	−135	−103
Patent registration costs	−11	−15	−14	−21	−14
Business acquisitions, net of cash acquired	−139	−133	−1,013	−43	−39
Purchases of investments (note 6)	−6	−13	−32	−21	−22
Proceeds from exits of investments (note 6)	5	1	4	7	0
Proceeds / (payments) on maturity of foreign currency contracts	42	−10	15	−17	19
Net cash used in investing activities	−200	−270	−1,160	−230	−158
Proceeds from issuance of common stock, net	74	53	49	47	38
Taxes paid related to net share settlement of equity awards	−18	−9	−31	−52	−50
Purchases of treasury stock	−300	−150	0	0	—
Payments of business combination contingent consideration	−855,000	−1	−2	0	−4
Acquisition of consolidated subsidiary	−11	0	0	—	—
Proceeds from borrowings, net of borrowing costs	0	105	1,070	288	90
Repayment of borrowings	−40	−835	−405	−166	−612
Dividends paid	−311	−282	−258	−245	−227
Net cash (used in) provided by financing activities	−606	−1,119	423	−128	−765
Effect of exchange rate changes on cash	26	−2	−2	−14	18
Net increase (decrease) in cash and cash equivalents	971	10	−46	−22	−168
Income taxes paid, net of refunds	214	278	217	478	221
Interest paid	28	46	47	22	24
Fair value of assets acquired, excluding cash	44	46	360	16	17
Liabilities assumed	−6	−8	−132	−5	−2
Goodwill on acquisition	101	92	787	39	25
Deferred payments	670,000	−143,000	3	−3	4
Fair value of contingent consideration	855,000	4	−2	0	0
Cash paid for acquisitions	140	135	1,015	43	44

Filings

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