Part I. Financial Information [Financial Statements](index=5&type=section&id=Item%201.%20Financial%20Statements) The company's unaudited interim statements show a Q2 2019 net loss of $11 million and decreased cash reserves [Consolidated and Combined Interim Statement of Operations](index=5&type=section&id=Consolidated%20and%20Combined%20Interim%20Statement%20of%20Operations) The company reported a Q2 2019 net loss of $11 million, a reversal from a $33 million net income in Q2 2018 Statement of Operations Highlights (Three Months Ended June 30) | Metric | 2019 (in millions) | 2018 (in millions) | Change | | :--- | :--- | :--- | :--- | | Net Revenue | $1,242 | $1,196 | +3.8% | | Gross Profit | $296 | $346 | -14.5% | | Operating Profit | $42 | $129 | -67.4% | | Net (Loss) Income | $(11) | $33 | N/A | | Diluted (Loss) Per Share | $(0.09) | $0.27 | N/A | Statement of Operations Highlights (Six Months Ended June 30) | Metric | 2019 (in millions) | 2018 (in millions) | Change | | :--- | :--- | :--- | :--- | | Net Revenue | $2,458 | $2,361 | +4.1% | | Gross Profit | $609 | $689 | -11.6% | | Operating Profit | $127 | $260 | -51.2% | | Net Income | $37 | $78 | -52.6% | | Diluted Earnings Per Share | $0.30 | $0.64 | -53.1% | [Consolidated Interim Balance Sheet](index=7&type=section&id=Consolidated%20Interim%20Balance%20Sheet) Total assets grew to $5.16 billion while cash and cash equivalents decreased significantly to $142 million Balance Sheet Summary | Account | June 30, 2019 (in millions) | Dec 31, 2018 (in millions) | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $142 | $265 | | Inventories | $722 | $628 | | Total current assets | $1,846 | $1,809 | | Goodwill | $2,650 | $2,634 | | **Total Assets** | **$5,160** | **$4,972** | | **Liabilities & Equity** | | | | Accounts payable | $1,009 | $964 | | Long-term debt | $1,169 | $1,179 | | Obligations payable to Honeywell | $581 | $629 | | **Total Liabilities** | **$3,567** | **$3,439** | | **Total Equity** | **$1,593** | **$1,533** | [Consolidated and Combined Interim Statement of Cash Flows](index=8&type=section&id=Consolidated%20and%20Combined%20Interim%20Statement%20of%20Cash%20Flows) The company reported a net cash outflow from operations of $37 million for the first half of 2019 Cash Flow Summary (Six Months Ended June 30) | Activity | 2019 (in millions) | 2018 (in millions) | | :--- | :--- | :--- | | Net cash (used for) provided by operating activities | $(37) | $258 | | Net cash used for investing activities | $(55) | $(17) | | Net cash used for financing activities | $(31) | $(201) | | **Net (decrease) increase in cash** | **$(123)** | **$37** | [Notes to Financial Statements](index=10&type=section&id=Notes%20to%20the%20Consolidated%20and%20Combined%20Interim%20Financial%20Statements%20(unaudited)) Notes detail the basis of presentation post-spin-off, acquisitions, and key agreements with Honeywell - The company became an independent public entity after separating from Honeywell on **October 29, 2018**[25](index=25&type=chunk)[27](index=27&type=chunk) - In Q2 2019, the company **acquired three technology firms for a total of $17M** to enhance its Products & Solutions segment[48](index=48&type=chunk)[49](index=49&type=chunk)[50](index=50&type=chunk) - A repositioning plan initiated in Q2 2019 resulted in **$25 million in charges**, primarily for severance[58](index=58&type=chunk) - The company pays Honeywell a **1.5% royalty on licensed product revenue**, totaling $13 million in H1 2019[101](index=101&type=chunk) - The Honeywell Reimbursement Agreement mandates payments for environmental liabilities, capped at **$140 million annually**, with a total liability of **$568 million**[93](index=93&type=chunk)[98](index=98&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=28&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses a 4% revenue increase in Q2 2019 alongside a significant gross profit margin decline [Results of Operations](index=32&type=section&id=Results%20of%20Operations) Q2 2019 revenue grew 4%, but gross profit margin contracted to 24% from 29% due to rising costs Net Revenue Change Drivers (Q2 2019 vs Q2 2018) | Driver | Contribution to Change | | :--- | :--- | | Volume | +4% | | Price | +2% | | Foreign currency translation | -2% | | **Total % change** | **+4%** | - Gross profit percentage **decreased by 500 basis points** in Q2 2019, driven by sales mix, inflation, and repositioning costs[123](index=123&type=chunk)[147](index=147&type=chunk) - SG&A expenses **increased by $37 million** in Q2 2019 due to spin-related costs, license fees, and repositioning charges[124](index=124&type=chunk)[152](index=152&type=chunk) - Other expense, net, **decreased by $89 million** due to the new Honeywell Reimbursement Agreement's payment cap[155](index=155&type=chunk) [Review of Business Segments](index=36&type=section&id=Review%20of%20Business%20Segments) Segment performance shows revenue growth in both divisions, but a significant drop in Products & Solutions profitability Products & Solutions Performance (Q2 2019 vs Q2 2018) | Metric | Q2 2019 (in millions) | Q2 2018 (in millions) | % Change | | :--- | :--- | :--- | :--- | | External Revenue | $537 | $518 | +4% | | Segment Adjusted EBITDA | $70 | $109 | -36% | ADI Global Distribution Performance (Q2 2019 vs Q2 2018) | Metric | Q2 2019 (in millions) | Q2 2018 (in millions) | % Change | | :--- | :--- | :--- | :--- | | External Revenue | $705 | $678 | +4% | | Segment Adjusted EBITDA | $46 | $41 | +12% | [Capital Resources and Liquidity](index=38&type=section&id=Capital%20Resources%20and%20Liquidity) Liquidity was impacted by a $37 million cash outflow from operations in H1 2019, a reversal from the prior year - Operating cash flow was an **outflow of $37 million** for H1 2019, compared to a **$258 million inflow** in H1 2018[177](index=177&type=chunk)[178](index=178&type=chunk) - The company paid Honeywell **$70 million** in H1 2019 under the Reimbursement Agreement[177](index=177&type=chunk) - Full-year 2019 capital expenditures are projected at **$104 million**, including stand-alone infrastructure investments[181](index=181&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=39&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces market risks from foreign currency fluctuations and interest rate changes on its variable-rate debt - The company holds **$814 million in variable-rate debt** as of June 30, 2019[188](index=188&type=chunk) - Primary foreign currency exposures are managed through natural offsets with **no current hedging arrangements** in place[189](index=189&type=chunk) [Controls and Procedures](index=40&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of the end of Q2 2019 - The CEO and CFO concluded that disclosure controls and procedures are **effective at a reasonable assurance level**[193](index=193&type=chunk) - **No material changes** to internal control over financial reporting occurred during the quarter[194](index=194&type=chunk) Part II. Other Information [Legal Proceedings](index=41&type=section&id=Item%201.%20Legal%20Proceedings) The company's primary legal contingency involves payments to Honeywell for historical environmental claims - The company is obligated to make payments for certain environmental claims under the **Honeywell Reimbursement Agreement**[196](index=196&type=chunk) [Risk Factors](index=42&type=section&id=Item%201A.%20Risk%20Factors) No material changes to the company's previously disclosed risk factors were reported during the period - **No material changes** to risk factors from the 2018 Annual Report on Form 10-K have been reported[197](index=197&type=chunk) [Other Information](index=42&type=section&id=Item%205.%20Other%20Information) The Board of Directors has adopted an annual advisory vote on executive compensation following shareholder approval - The Board of Directors will hold an **annual advisory vote on executive compensation** based on shareholder feedback[198](index=198&type=chunk) [Exhibits](index=42&type=section&id=Item%206.%20Exhibits) This section lists all exhibits filed with the Form 10-Q, including certifications and XBRL data files

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) Commission File Number 001-38635 Resideo Technologies, Inc. (Exact name of registrant as specified in its charter) | Delaware | 82-5318796 | | --- | --- | | (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | | 901 E 6th Street | 78702 | | Austin, Texas | | | (Address of principal executive offices) | (Zip Code) | ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to _____ Commission File Number 001-38635 Resideo Technologies, Inc. (Exact name of registrant as specified in its charter) | Delaware | 82-5318796 | | --- ...