RESMED INC

10-K & 10-Q Filings

ResMed Inc. is a global leader in digital health and cloud-connected medical devices. The company specializes in solutions for sleep and respiratory care, focusing on improving patient outcomes, creating efficiencies for customers, and reducing healthcare system costs. ResMed was founded in 1989 in Australia and went public in the United States in 1995. The company operates in two segments: Sleep and Respiratory Care, and Software as a Service (SaaS). The Sleep and Respiratory Care segment deals with sleep-disordered breathing, including obstructive sleep apnea (OSA), and respiratory care for chronic obstructive pulmonary disease (COPD), neuromuscular diseases, and other chronic respiratory conditions. The company offers a range of devices, diagnostic products, mask systems, headgear, dental devices, and cloud-based software and informatics solutions. The SaaS segment focuses on software platforms for durable or home medical equipment (DME/HME) providers and other long-term care providers, enabling them to streamline workflow, manage documentation, and implement new reimbursement requirements. ResMed's business strategy includes continuing product development and innovation, expanding SaaS solutions in out-of-hospital care settings, expanding geographic presence, increasing public and clinical awareness, and exploring new clinical applications. The company's website is www.resmed.com, and its stock is traded on the New York Stock Exchange under the ticker symbol "RMD" and on the Australian Securities Exchange under the symbol "RMD."

12 mos ending Jun 30, 201212 mos ending Jun 30, 201312 mos ending Jun 30, 201412 mos ending Jun 30, 201512 mos ending Jun 30, 201612 mos ending Jun 30, 201712 mos ending Jun 30, 201812 mos ending Jun 30, 201912 mos ending Jun 30, 202012 mos ending Jun 30, 202112 mos ending Jun 30, 202212 mos ending Jun 30, 20239 mos ending Mar 31, 20239 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$1368.52
1514.46
1554.97
1678.91
1838.71
2066.74
2340.20
2606.57
2957.01
3196.82
3578.13
4222.99
3100.94
3462.10
10.79%11.65%Cost of Revenue (-)
$547.78
573.80
565.19
667.52
772.22
864.99
978.03
1069.99
1239.23
1357.72
1553.82
1867.33
1362.66
1522.33
11.79%11.72%Gross Profit (+)
$820.74
940.66
989.79
1011.40
1066.50
1201.74
1362.16
1536.59
1717.79
1839.10
2024.31
2355.66
1738.28
1939.78
10.06%11.59%Selling, General & Administrative (-)
$401.62
430.80
450.41
478.63
488.06
553.97
600.37
645.01
676.69
670.39
739.37
874.00
633.32
674.95
7.32%6.57%Research & Development (-)
$109.73
120.12
118.23
114.86
118.65
144.47
155.15
180.65
201.95
225.28
253.57
287.64
209.50
226.66
9.16%8.19%Depreciation & Amortization (-)
$13.97
49.60
45.13
39.65
30.40
22.00
24.98
7.32%13.52%Non-recurring Operating Expenses (-)
$
24.77
6.33
6.91
22.43
18.43
15.52
8.67
-9.28
9.16
64.23
601.41%Operating Expenses (-)
$526.33
585.83
584.70
602.16
637.54
775.95
820.33
957.32
908.13
935.42
1024.03
1223.79
881.67
1001.10
7.97%13.55%Costs & Expenses (Total) (-)
$1074.11
1159.63
1149.89
1269.68
1409.76
1640.94
1798.37
2027.31
2147.35
2293.15
2577.84
3070.89
2244.33
2523.43
10.02%12.44%Operating Income/Loss (+)
$294.41
354.82
405.09
409.24
428.95
425.80
541.83
579.26
809.66
903.68
1000.29
1131.87
856.60
938.68
13.02%9.58%Non-operating Income/Expense (+)
$37.54
30.30
25.99
26.68
10.61
-7.05
-20.52
-60.42
-76.57
-20.02
-39.80
-30.21
-31.74
-31.61
0.41%Interest Expense (-)
$4.79
6.39
6.13
5.78
11.21
28.24
28.36
36.16
40.38
23.99
Earnings before Tax (+)
$331.94
385.12
431.08
435.92
439.57
418.74
521.31
518.85
733.09
883.66
960.48
1101.66
824.86
907.07
11.52%9.97%Tax Expense (-)
$77.09
77.99
85.81
83.03
87.16
76.46
205.72
114.25
111.41
409.16
181.05
204.11
156.97
178.35
9.25%13.62%Income/Loss (Continuing Operations) (+)
$254.85
307.13
345.27
352.89
352.41
342.28
315.59
404.59
621.67
474.51
779.44
897.56
667.89
728.72
12.13%9.11%Net Income/Loss (+)
$254.85
307.13
345.27
352.89
352.41
342.28
315.59
404.59
621.67
474.50
779.44
897.56
667.89
728.72
12.13%9.11%Net Income/Loss (Common) (+)
$254.85
307.13
345.27
352.89
352.41
342.28
315.59
404.59
621.67
474.50
779.44
897.56
667.89
728.72
12.13%9.11%EPS (Basic)
$1.75
2.15
2.44
2.51
2.51
2.42
2.21
2.83
4.31
3.27
5.34
6.12
4.55
4.96
12.05%9.01%EPS (Diluted)
$1.71
2.10
2.39
2.47
2.49
2.40
2.19
2.80
4.27
3.24
5.30
6.09
4.53
4.94
12.24%9.05%Weighted Avg Shares (Basic)
145.90
142.95
141.47
140.47
140.24
141.36
142.76
143.11
144.34
145.31
146.07
146.76
146.68
147.06
0.05%0.26%Weighted Avg Shares (Diluted)
149.32
146.41
144.36
142.69
141.67
142.45
143.99
144.48
145.65
146.45
147.04
147.46
147.40
147.55
-0.11%0.10%Cash
$809.54
876.05
905.73
717.25
731.43
821.93
188.70
147.13
463.16
295.28
273.71
227.89
227.89
237.91
-10.88%4.40%Receivables
$283.16
318.35
359.59
362.57
382.09
450.53
483.68
528.48
474.64
614.29
575.95
704.91
686.26
779.26
8.64%13.55%Inventory
$174.35
145.85
165.42
246.86
224.46
268.32
268.70
349.64
416.92
457.03
743.91
998.01
1011.27
829.46
17.19%-17.98%Prepaid Expenses (Current)
$
78.71
81.17
81.74
103.22
124.63
120.11
168.75
208.15
337.91
437.02
412.39
504.66
22.38%Other Assets (Current)
$94.10
108.60
46.76
36.34
Assets (Current)
$1361.15
1448.85
1556.21
1444.18
1419.72
1644.00
1065.72
1145.37
1523.46
1574.76
1931.48
2367.83
2337.82
2351.30
5.16%0.58%Property, Plant & Equipment (Net)
$434.36
411.43
434.28
387.76
384.28
394.24
386.55
387.46
535.68
592.07
630.50
665.81
656.29
686.82
3.96%4.65%Goodwill & Intangibles
$
1359.05
1326.67
1284.13
2378.40
2338.49
2320.48
2282.39
3322.64
3353.30
3337.02
-0.49%Other Assets
$342.36
350.44
370.48
352.32
95.89
103.57
327.53
196.46
189.74
240.82
251.49
395.43
366.48
439.43
1.32%19.91%Assets (Non-current)
$776.72
761.87
804.75
740.08
1839.22
1824.48
1998.21
2962.32
3063.92
3153.37
3164.38
4383.88
4376.06
4463.27
17.04%1.99%Assets (Total)
$2137.87
2210.72
2360.96
2184.26
3258.93
3468.49
3063.92
4107.68
4587.38
4728.13
5095.85
6751.71
6713.88
6814.56
11.02%1.50%Accounts Payable
$210.16
228.45
226.45
230.37
288.54
308.21
438.95
455.33
470.89
766.57
548.86
588.64
587.62
588.19
9.82%0.10%Debt (Current)
$0.05
300.02
0.02
300.00
11.47
11.99
33.25
12.00
9.92
9.90
9.90
9.90
61.16%0.02%Other Liabilities (Current)
$42.64
45.58
43.09
36.89
50.01
51.92
60.83
88.67
98.62
133.20
130.52
159.99
164.17
174.93
12.77%6.56%Liabilities (Current)
$252.85
574.05
269.56
267.26
638.55
360.13
511.25
555.99
602.76
911.77
689.30
758.53
761.69
773.03
10.50%1.49%Debt (Non-current)
$250.78
0.77
300.77
300.59
875.00
1078.61
269.99
1258.86
1266.01
643.35
765.33
1431.23
1575.96
997.05
17.16%-36.73%Other Liabilities
$26.61
25.39
32.39
29.10
50.55
69.48
223.71
220.64
221.57
287.33
280.48
432.04
443.72
414.56
28.84%-6.57%Liabilities (Non-current)
$277.39
26.16
333.16
329.69
925.55
1148.10
493.69
1479.50
1487.59
930.68
1045.80
1863.27
2019.68
1411.61
18.90%-30.11%Liabilities (Total)
$530.24
600.21
602.71
596.95
1564.10
1508.22
1004.94
2035.49
2090.35
1842.45
1735.10
2621.80
2781.37
2184.64
15.64%-21.45%Treasury Stock
$895.83
1083.85
1291.91
1444.55
1546.61
1546.61
1600.41
1623.26
1623.26
1623.26
1623.26
1623.26
1623.26
1723.26
5.55%6.16%Retained Earnings
$1366.71
1576.64
1780.40
1976.02
2160.30
2316.24
2432.33
2436.41
2832.99
3079.64
3613.74
4253.02
4088.06
4769.96
10.87%16.68%AOCI
$236.46
92.09
151.56
-173.52
-222.66
-189.06
-224.33
-253.01
-283.98
-193.49
-312.75
-272.53
-261.88
-265.31
-1.31%Shareholder's Equity
$1607.63
1610.52
1758.25
1587.31
1694.83
1960.27
2058.98
2072.19
2497.03
2885.68
3360.75
4129.90
3932.51
4629.92
8.96%17.73%Liabilities & Equity
$2137.87
2210.72
2360.96
2184.26
3258.93
3468.49
3063.92
4107.68
4587.38
4728.13
5095.85
6751.71
6713.88
6814.56
11.02%1.50%Net Income/Loss
$254.85
307.13
345.27
352.89
352.41
342.28
315.59
404.59
621.67
474.50
779.44
897.56
667.89
728.72
12.13%9.11%Depreciation & Amortization
$85.86
78.28
73.45
73.06
86.85
112.16
119.96
150.79
154.85
156.76
193.84
165.16
142.36
133.19
6.13%-6.44%Increase/Decrease in Working Capital
$-45.99
9.17
42.05
64.82
-61.69
89.88
-9.06
177.05
97.92
-1.41
708.08
462.13
399.14
12.34
-96.91%Share-based Compensation
$30.59
38.16
43.46
47.85
46.41
45.92
48.41
52.07
57.56
63.93
65.26
71.14
51.22
58.79
7.98%14.79%Adjustments to Reconcile Net Income
$128.31
95.69
45.99
30.29
195.52
71.77
189.44
54.46
180.58
262.21
-428.29
-204.26
-212.03
232.43
209.62%Net Cash (Operating)
$383.16
402.82
391.27
383.18
547.93
414.05
505.03
459.05
802.25
736.72
351.15
693.30
455.86
961.15
5.54%110.84%Capital Expenditure
$167.75
77.20
88.86
130.76
2151.56
86.02
73.26
1980.11
161.76
199.46
241.60
2161.86
2117.72
317.36
26.16%-85.01%Net Cash (Investing)
$-101.61
-78.00
-94.99
-143.07
-1125.75
-81.89
-101.82
-1075.71
-179.86
-158.46
-229.92
-1159.85
-1113.32
-223.28
79.95%Increase/Decrease in Debt
$144.40
49.78
-2.20
-1.54
856.31
-95.00
-796.24
807.49
-94.01
-522.00
122.00
665.00
810.00
-430.00
14.89%-153.09%Increase/Decrease in Equity
$-330.25
-117.02
-168.82
-121.49
-74.36
30.16
-30.47
13.88
48.18
37.79
47.38
49.14
25.65
-74.61
-390.88%Interest Expenses
$4.79
6.39
6.13
5.78
11.21
28.24
28.36
36.16
40.38
23.99
22.31
47.38
32.44
39.79
23.17%22.66%Dividends Paid
$
97.20
141.52
157.26
168.13
186.35
199.50
211.71
225.09
226.71
245.34
258.28
193.57
211.77
9.40%Net Cash (Financing)
$-177.10
-153.93
-297.32
-255.79
612.58
-262.87
-1026.69
580.64
-317.29
-764.63
-128.36
422.87
611.47
-726.00
-218.73%Cash Taxes Paid
$55.21
85.72
90.18
48.53
68.97
92.90
170.65
242.86
180.36
221.36
478.12
216.87
145.57
235.25
13.24%61.61%Effect of Exchange Rate
$-30.16
-104.39
30.72
-172.80
-20.58
21.20
-9.74
-5.56
10.92
18.50
-14.43
-2.15
0.18
-1.85
-1138.20%Increase/Decrease in Cash
$74.27
66.51
29.68
-188.48
14.19
90.50
-633.23
-41.57
316.03
-167.88
-21.57
-45.82
-45.82
10.02
121.87%Cash (Beginning)
$735.27
809.54
876.05
905.73
717.25
731.43
821.93
188.70
147.13
463.16
295.28
273.71
273.71
227.89
-8.59%-16.74%Cash (Ending)
$809.54
876.05
905.73
717.25
731.43
821.93
188.70
147.13
463.16
295.28
273.71
227.89
227.89
237.91
-10.88%4.40%NOPAT
$245.44
275.84
320.34
363.67
361.65
331.33
364.46
308.12
610.46
677.30
502.35
909.06
705.43
695.23
12.64%-1.45%Gross Margin %
59.97%
62.11%
63.65%
60.24%
58.00%
58.15%
58.21%
58.95%
58.09%
57.53%
56.57%
55.78%
56.06%
56.03%
Operating Margin %
21.51%
23.43%
26.05%
24.38%
23.33%
20.60%
23.15%
22.22%
27.38%
28.27%
27.96%
26.80%
27.62%
27.11%
NOPAT Margin %
17.94%
18.21%
20.60%
21.66%
19.67%
16.03%
15.57%
11.82%
20.64%
21.19%
14.04%
21.53%
22.75%
20.08%
Net Margin %
18.62%
20.28%
22.20%
21.02%
19.17%
16.56%
13.49%
15.52%
21.02%
14.84%
21.78%
21.25%
21.54%
21.05%
Tax Rate %
16.63%
22.26%
20.92%
11.13%
15.69%
22.19%
32.74%
46.81%
24.60%
25.05%
49.78%
19.69%
17.65%
25.93%
ROA
11.48%
12.48%
13.57%
16.65%
11.10%
9.55%
11.90%
7.50%
13.31%
14.33%
9.86%
13.46%
10.51%
10.20%
ROE
15.27%
17.13%
18.22%
22.91%
21.34%
16.90%
17.70%
14.87%
24.45%
23.47%
14.95%
22.01%
17.94%
15.02%
ROIC
30.79%
35.55%
33.88%
36.46%
15.71%
13.72%
16.08%
9.03%
16.45%
18.54%
11.88%
15.98%
12.42%
12.20%
Asset Turnover
0.64
0.69
0.66
0.77
0.56
0.60
0.76
0.63
0.64
0.68
0.70
0.63
0.46
0.51
Inventory Turnover
3.14
3.93
3.42
2.70
3.44
3.22
3.64
3.06
2.97
2.97
2.09
1.87
1.35
1.84
Equity Multiplier
1.33
1.37
1.34
1.38
1.92
1.77
1.49
1.98
1.84
1.64
1.52
1.63
1.71
1.47
Current Ratio
5.38
2.52
5.77
5.40
2.22
4.57
2.08
2.06
2.53
1.73
2.80
3.12
3.07
3.04
Quick Ratio
4.32
2.08
4.69
4.04
1.74
3.53
1.32
1.22
1.56
1.00
1.23
1.23
1.20
1.32
Debt/Equity Ratio
0.16
0.19
0.17
0.19
0.69
0.55
0.14
0.61
0.52
0.23
0.23
0.35
0.40
0.22
Interest Coverage Ratio
61.51
55.55
66.09
70.83
38.28
15.08
19.11
16.02
20.05
37.67
44.83
23.89
26.41
23.59
Working Capital/Sales
0.27
0.24
0.33
0.36
0.30
0.34
0.25
0.25
0.28
0.23
0.37
0.40
0.54
0.48
R&D/Sales
0.08
0.08
0.08
0.07
0.06
0.07
0.07
0.07
0.07
0.07
0.07
0.07
0.07
0.07
Dividend Payout Ratio %
35.24%
44.18%
43.24%
46.49%
56.24%
54.74%
68.71%
36.87%
33.47%
48.84%
28.41%
27.44%
30.46%
Total Payout
$190.64
170.83
318.66
286.07
-602.61
279.42
1054.56
-573.50
311.30
734.91
98.27
-408.49
-609.64
756.16
224.03%Payout Ratio %
77.67%
61.93%
99.48%
78.66%
-166.63%
84.33%
289.35%
-186.13%
50.99%
108.51%
19.56%
-44.94%
-86.42%
108.76%