RESMED INC
Business
ResMed Inc. is a global leader in digital health and cloud-connected medical devices for sleep apnea, COPD, and other chronic respiratory diseases. The company designs and manufactures CPAP, bilevel, ventilation, and diagnostic devices; mask systems and accessories; and cloud-based patient engagement and provider management platforms. ResMed operates two reportable segments: Sleep and Breathing Health, which comprises therapeutic devices, diagnostics, masks, and connected care solutions; and Residential Care Software, which provides cloud-based platforms for home medical equipment, home health, hospice, skilled nursing, and senior living providers. The company sells products in more than 140 countries through subsidiaries and independent distributors.
Summary from 10-K filed 2025-08-08
Financials
Consolidated Statement of Income
| Concept | Trend | 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
| Concept | Trend | 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
| Concept | Trend | 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is RESMED INC's CIK number?
RESMED INC's SEC CIK number is 0000943819 (943819). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find RESMED INC's SEC filings?
All of RESMED INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did RESMED INC last report earnings?
RESMED INC (RSMDF) most recently filed an earnings 8-K with the SEC on Jul 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-297658). This is RESMED INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is RESMED INC's most recent earnings 8-K?
RESMED INC's latest earnings 8-K (Item 2.02) was filed Jul 7, 2026 under accession 0001193125-26-297658. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View RESMED INC's latest earnings 8-K →
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