10-Q Filing

RESMED INC CIK: 943819 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0000943819-18-000016`
Period End Date	20180930
Filing Date	20181026
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	rmd-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 90 Income Statement 40 Cash Flow Statement 64 Comprehensive Income 6

Balance Sheet 90 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, net allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$21.93M	USD	Point-in-time
Accounts receivable, net allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$19.26M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$811.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$188.70M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$821.93M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$230.19M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $21,928 and $19,258 at September 30, 2018 and June 30, 2018, respectively	`AccountsReceivableNetCurrent`	$463.74M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $21,928 and $19,258 at September 30, 2018 and June 30, 2018, respectively	`AccountsReceivableNetCurrent`	$483.68M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories (note 2)	`InventoryNet`	$282.56M	USD	Point-in-time
Inventories (note 2)	`InventoryNet`	$268.70M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	350.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$124.63M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$111.76M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	350.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.09B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	184.32M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	184.33M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.07B	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	142.68M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	142.49M	shares	Point-in-time
Property, plant and equipment, net (note 3)	`PropertyPlantAndEquipmentNet`	$386.55M	USD	Point-in-time
Treasury stock, shares held	`TreasuryStockShares`	41.84M	shares	Point-in-time
Treasury stock, shares held	`TreasuryStockShares`	41.64M	shares	Point-in-time
Property, plant and equipment, net (note 3)	`PropertyPlantAndEquipmentNet`	$381.82M	USD	Point-in-time
Goodwill (note 4)	`Goodwill`	$1.07B	USD	Point-in-time
Goodwill (note 4)	`Goodwill`	$1.07B	USD	Point-in-time
Goodwill (note 4)	`Goodwill`	$1.06B	USD	Point-in-time
Goodwill (note 4)	`Goodwill`	$1.19B	USD	Point-in-time
Other intangible assets, net (note 5)	`FiniteLivedIntangibleAssetsNet`	$242.19M	USD	Point-in-time
Other intangible assets, net (note 5)	`FiniteLivedIntangibleAssetsNet`	$215.18M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$46.23M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$53.82M	USD	Point-in-time
Prepaid taxes and other non-current assets	`OtherAssetsNoncurrent`	$273.71M	USD	Point-in-time
Prepaid taxes and other non-current assets	`OtherAssetsNoncurrent`	$117.02M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$2.00B	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$1.98B	USD	Point-in-time
Total assets	`Assets`	$3.06B	USD	Point-in-time
Total assets	`Assets`	$3.07B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$92.72M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$98.71M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$169.47M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$185.81M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$60.83M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$64.82M	USD	Point-in-time
Income taxes payable (note 7)	`AccruedIncomeTaxesCurrent`	$76.14M	USD	Point-in-time
Income taxes payable (note 7)	`AccruedIncomeTaxesCurrent`	$160.43M	USD	Point-in-time
Short-term debt, net (note 9)	`ShortTermBorrowings`	$11.97M	USD	Point-in-time
Short-term debt, net (note 9)	`ShortTermBorrowings`	$11.47M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$511.25M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$421.11M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$71.60M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$73.81M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$13.08M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$16.09M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$924.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$534.00K	USD	Point-in-time
Long-term debt, net (note 9)	`LongTermDebt`	$269.99M	USD	Point-in-time
Long-term debt, net (note 9)	`LongTermDebt`	$517.64M	USD	Point-in-time
Long-term income taxes payable (note 7)	`AccruedIncomeTaxesNoncurrent`	$138.10M	USD	Point-in-time
Long-term income taxes payable (note 7)	`AccruedIncomeTaxesNoncurrent`	$138.10M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$746.17M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$493.69M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.17B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.00B	USD	Point-in-time
Commitments and contingencies (note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 2,000,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 2,000,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.004 par value, 350,000,000 shares authorized; 184,330,350 issued and 142,494,116 outstanding at September 30, 2018 and 184,315,866 issued and 142,679,632 outstanding at June 30, 2018	`CommonStockValueOutstanding`	$570.00K	USD	Point-in-time
Common stock, $0.004 par value, 350,000,000 shares authorized; 184,330,350 issued and 142,494,116 outstanding at September 30, 2018 and 184,315,866 issued and 142,679,632 outstanding at June 30, 2018	`CommonStockValueOutstanding`	$571.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.45B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.46B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.43B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.30B	USD	Point-in-time
Treasury stock, at cost, 41,836,234 shares at September 30, 2018 and 41,636,234 shares at June 30, 2018	`TreasuryStockValue`	$1.62B	USD	Point-in-time
Treasury stock, at cost, 41,836,234 shares at September 30, 2018 and 41,636,234 shares at June 30, 2018	`TreasuryStockValue`	$1.60B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-237.20M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-224.33M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.06B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.90B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.06B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.07B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`Revenues`	$523.66M	USD	1 Quarter
Net revenue	`Revenues`	$588.28M	USD	1 Quarter
Cost of sales (excluding amortization of acquired intangible assets)	`CostOfGoodsAndServicesSold`	$245.19M	USD	1 Quarter
Cost of sales (excluding amortization of acquired intangible assets)	`CostOfGoodsAndServicesSold`	$218.05M	USD	1 Quarter
Gross profit	`GrossProfit`	$305.61M	USD	1 Quarter
Gross profit	`GrossProfit`	$343.09M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$147.30M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$143.85M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$38.79M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$37.41M	USD	1 Quarter
Amortization of acquired intangible assets	`AmortizationOfAcquiredIntangibleAssets1`	$12.87M	USD	1 Quarter
Amortization of acquired intangible assets	`AmortizationOfAcquiredIntangibleAssets1`	$11.78M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$198.96M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$193.05M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$144.13M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$112.56M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$922.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$4.87M	USD	1 Quarter
Interest expense	`InterestExpense`	$7.79M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.71M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-2.46M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-1.16M	USD	1 Quarter
Total other income (loss), net	`NonoperatingIncomeExpense`	$-4.07M	USD	1 Quarter
Total other income (loss), net	`NonoperatingIncomeExpense`	$-5.25M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$138.88M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$108.48M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$22.36M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$33.14M	USD	1 Quarter
Net income	`NetIncomeLoss`	$105.74M	USD	1 Quarter
Net income	`NetIncomeLoss`	$86.12M	USD	1 Quarter
Basic earnings per share (note 11)	`EarningsPerShareBasic`	$0.74	USD	1 Quarter
Basic earnings per share (note 11)	`EarningsPerShareBasic`	$0.61	USD	1 Quarter
Diluted earnings per share (note 11)	`EarningsPerShareDiluted`	$0.73	USD	1 Quarter
Diluted earnings per share (note 11)	`EarningsPerShareDiluted`	$0.60	USD	1 Quarter
Dividend declared per share	`CommonStockDividendsPerShareDeclared`	$0.35	USD	1 Quarter
Dividend declared per share	`CommonStockDividendsPerShareDeclared`	$0.37	USD	1 Quarter
Basic shares outstanding (000's)	`WeightedAverageNumberOfSharesOutstandingBasic`	142.67M	shares	1 Quarter
Basic shares outstanding (000's)	`WeightedAverageNumberOfSharesOutstandingBasic`	142.25M	shares	1 Quarter
Diluted shares outstanding (000's)	`WeightedAverageNumberOfDilutedSharesOutstanding`	143.48M	shares	1 Quarter
Diluted shares outstanding (000's)	`WeightedAverageNumberOfDilutedSharesOutstanding`	144.03M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$105.74M	USD	1 Quarter
Net income	`NetIncomeLoss`	$86.12M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$30.42M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$29.57M	USD	1 Quarter
Stock-based compensation costs	`ShareBasedCompensation`	$12.48M	USD	1 Quarter
Stock-based compensation costs	`ShareBasedCompensation`	$11.95M	USD	1 Quarter
Impairment of equity investments	`ImpairmentOfInvestments`	$1.71M	USD	1 Quarter
Impairment of equity investments	`ImpairmentOfInvestments`	$962.00K	USD	1 Quarter
Changes in fair value of business combination contingent consideration (note 12)	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-183.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-20.34M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-23.32M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$15.66M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$26.94M	USD	1 Quarter
Prepaid expenses, net deferred income taxes and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$15.41M	USD	1 Quarter
Prepaid expenses, net deferred income taxes and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$7.70M	USD	1 Quarter
Accounts payable, accrued expenses and other	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-99.03M	USD	1 Quarter
Accounts payable, accrued expenses and other	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-15.59M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$48.12M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$93.98M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.99M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$16.03M	USD	1 Quarter
Patent registration costs	`PaymentsToAcquireIntangibleAssets`	$2.24M	USD	1 Quarter
Patent registration costs	`PaymentsToAcquireIntangibleAssets`	$2.61M	USD	1 Quarter
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$126.44M	USD	1 Quarter
Investment in equity investments	`PaymentsToAcquireInvestments`	$2.47M	USD	1 Quarter
Investment in equity investments	`PaymentsToAcquireInvestments`	$3.23M	USD	1 Quarter
Proceeds (payments) on maturity of foreign currency contracts	`PaymentsForProceedsFromDerivativeInstrumentInvestingActivities`	$-6.07M	USD	1 Quarter
Proceeds (payments) on maturity of foreign currency contracts	`PaymentsForProceedsFromDerivativeInstrumentInvestingActivities`	$3.68M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-148.19M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.42M	USD	1 Quarter
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$389.00K	USD	1 Quarter
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$3.62M	USD	1 Quarter
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$19.40M	USD	1 Quarter
Payments of business combination contingent consideration (note 12)	`PaymentsOfMergerRelatedCostsFinancingActivities`	$240.00K	USD	1 Quarter
Proceeds from borrowings, net of borrowing costs	`ProceedsFromIssuanceOfLongTermDebt`	$303.00M	USD	1 Quarter
Proceeds from borrowings, net of borrowing costs	`ProceedsFromIssuanceOfLongTermDebt`	$50.00M	USD	1 Quarter
Repayment of borrowings	`RepaymentsOfLongTermDebt`	$110.00M	USD	1 Quarter
Repayment of borrowings	`RepaymentsOfLongTermDebt`	$86.13M	USD	1 Quarter
Dividend paid	`PaymentsOfDividends`	$52.79M	USD	1 Quarter
Dividend paid	`PaymentsOfDividends`	$49.70M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-106.08M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$144.82M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-3.27M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$16.69M	USD	1 Quarter
Net increaase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$41.49M	USD	1 Quarter
Net increaase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.83M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$811.10M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$188.70M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$821.93M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$230.19M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$811.10M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$188.70M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$821.93M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$230.19M	USD	Point-in-time
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$125.00M	USD	1 Quarter
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$30.16M	USD	1 Quarter
Interest paid	`InterestPaidNet`	$7.79M	USD	1 Quarter
Interest paid	`InterestPaidNet`	$3.71M	USD	1 Quarter
Fair value of assets acquired, excluding cash	`NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1`	$42.81M	USD	1 Quarter
Liabilities assumed	`NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1`	$41.91M	USD	1 Quarter
Goodwill on acquisition	`GoodwillOtherIncreaseDecrease`	-	USD	1 Quarter
Goodwill on acquisition	`GoodwillOtherIncreaseDecrease`	$125.04M	USD	1 Quarter
Deferred payments	`NoncashOrPartNoncashAcquisitionPayablesAssumed1`	$500.00K	USD	1 Quarter
Cash paid for acquisition	`PaymentsToAcquireBusinessesGross`	$126.44M	USD	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$105.74M	USD	1 Quarter
Net income	`NetIncomeLoss`	$86.12M	USD	1 Quarter
Foreign currency translation (loss) gain adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-12.87M	USD	1 Quarter
Foreign currency translation (loss) gain adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$36.39M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$122.51M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$92.86M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.