VVNT · Vivint Smart Home, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $1.68B | $1.48B | $1.26B | - | - | - |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | $50.70M | - | - | - | - | - |
| SG&A | $247.81M | $268.31M | $267.13M | $1.32M | $871.1K | - |
| Total Operating Expenses | $1.61B | $1.63B | $1.51B | - | - | - |
| D&A | $621.82M | $601.45M | $570.83M | - | - | - |
| Operating Income | $71.54M | ($154.24M) | ($253.30M) | ($1.51M) | ($876.6K) | - |
| Interest Expense | $166.75M | $184.99M | $221.18M | - | - | - |
| Income Tax | $2.35M | $2.47M | $1.36M | $1.47M | $44.5K | - |
| Net Income | ($51.73M) | ($305.55M) | ($484.24M) | $4.20M | $5.27M | - |
| EPS - Basic | ($0.24) | ($1.47) | - | - | - | - |
| EPS - Diluted | ($0.24) | ($1.71) | - | - | - | - |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $283.85M | $208.51M | $4.55M | $682.9K | $892.5K | $928.4K |
| Accounts Receivable | $34.80M | $26.40M | $20.60M | - | - | - |
| Inventory | $78.54M | $51.25M | $47.30M | - | - | - |
| Accounts Payable | $121.31M | $96.32M | $81.36M | $75.1K | $8.7K | $93.9K |
| Current Assets | $447.99M | $342.82M | $441.01M | $900.7K | $1.01M | $1.22M |
| Total Assets | $2.88B | $2.79B | $2.88B | $355.93M | $351.44M | $346.22M |
| Current Liabilities | $940.70M | $874.20M | $757.55M | $384.3K | $96.2K | $141.8K |
| Long-term Debt | $2.69B | $2.70B | $2.83B | - | - | - |
| Total Liabilities | $4.58B | $4.53B | $4.36B | $6.46M | $12.17M | $12.22M |
| Stockholders' Equity | ($1.70B) | ($1.74B) | ($1.49B) | $5.00M | $5.00M | $5.00M |
| Retained Earnings | ($3.47B) | ($3.42B) | ($2.98B) | $5.00M | $5.00M | ($216.7K) |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $39.42M | $82.45M | $226.66M | ($2.80M) | ($785.9K) | - |
| Investing Cash Flow | $68.69M | ($17.48M) | ($11.66M) | $2.59M | $750.0K | - |
| Financing Cash Flow | ($32.54M) | ($170.22M) | $94.11M | - | - | - |
| CapEx | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 4.3% | -10.4% | -20.1% | - | - | - |
| EBITDA margin | 41.2% | 30.2% | 25.2% | - | - | - |
| Net margin | -3.1% | -20.7% | -38.4% | - | - | - |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - |
| R&D / Revenue | 3.0% | - | - | - | - | - |
| SG&A / Revenue | 14.7% | 18.1% | 21.2% | - | - | - |
| Effective tax rate | - | - | - | 25.9% | 0.8% | - |
| Return on assets | -1.8% | -11.0% | -16.8% | 1.2% | 1.5% | - |
| Return on equity | 3.0% | 17.6% | 32.6% | 84.0% | 105.3% | - |
| Return on invested capital | 5.7% | -12.7% | -15.0% | - | - | - |
| Liquidity | ||||||
| Current ratio | 0.48 | 0.39 | 0.58 | 2.34 | 10.45 | 8.62 |
| Quick ratio | 0.39 | 0.33 | 0.52 | 2.34 | 10.45 | 8.62 |
| Cash ratio | 0.30 | 0.24 | 0.01 | 1.78 | 9.28 | 6.55 |
| Leverage | ||||||
| Debt / Equity | -1.58 | -1.55 | -1.90 | - | - | - |
| Debt / Assets | 0.93 | 0.97 | 0.98 | - | - | - |
| Debt / EBITDA | 3.88 | 6.03 | 8.90 | - | - | - |
| Interest coverage | 0.4x | -0.8x | -1.1x | - | - | - |
| Equity multiplier | -1.69 | -1.60 | -1.93 | 71.19 | 70.29 | 69.24 |
| Liabilities / Assets | 1.59 | 1.62 | 1.52 | 0.02 | 0.03 | 0.04 |
| Efficiency | ||||||
| Asset turnover | 0.58 | 0.53 | 0.44 | - | - | - |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 8d | 7d | 6d | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 13.7% | 17.3% | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | - | 39.1% | -16627.3% | -72.8% | - | - |
| Net income growth (YoY) | 83.1% | 36.9% | - | -20.2% | - | - |
| EPS growth (YoY) | 86.0% | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 2.2% | -17.0% | - | 0.0% | -0.0% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Geographic
$1.48B totalUS$1.42B · 95.9%
CA$60.69M · 4.1%
Stability scores
Altman Z′
FY 2022 · bankruptcy risk
-0.64
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2022 · 9-point quality
6/9
Neutral
- ✗Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Services-Detective, Guard & Armored Car Services
Comparing Vivint Smart Home against the 3 most active filers in the same SIC group.