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 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $439.37M | $407.28M | $392.75M | - | $386.71M | $355.23M | $343.29M | - | $290.84M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | $13.20M | $16.00M | $12.70M | - | - | - | - | - | - |
| SG&A | - | $61.09M | $54.97M | $55.52M | - | $64.97M | $62.14M | $66.35M | - | $68.30M |
| Total Operating Expenses | - | $418.22M | $405.03M | $383.41M | - | $411.46M | $392.37M | $424.33M | - | $383.99M |
| D&A | - | $156.43M | $157.63M | $154.39M | - | $151.33M | $149.62M | $146.91M | - | $137.54M |
| Operating Income | - | $21.15M | $2.25M | $9.34M | - | ($24.75M) | ($37.13M) | ($81.04M) | - | ($65.03M) |
| Interest Expense | - | $43.51M | $38.88M | $37.51M | - | $47.12M | $50.06M | $49.80M | - | $65.23M |
| Income Tax | - | $1.55M | ($1.20M) | $432.0K | - | ($1.01M) | $1.27M | $244.0K | - | $230.0K |
| Net Income | - | ($41.01M) | ($3.49M) | ($27.43M) | - | ($92.74M) | ($74.10M) | ($87.38M) | - | ($107.94M) |
| EPS - Basic | - | ($0.19) | ($0.02) | ($0.13) | - | ($0.93) | ($0.88) | ($0.96) | - | - |
| EPS - Diluted | - | ($0.19) | ($0.02) | ($0.13) | - | ($0.93) | ($0.38) | ($0.96) | - | - |
Balance Sheet
| Line item | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $283.85M | $303.74M | $299.03M | $153.22M | $208.51M | $280.15M | $345.18M | $274.34M | $313.80M | $295.68M |
| Accounts Receivable | $34.80M | $30.10M | $34.70M | $24.60M | $26.40M | $30.70M | $34.30M | $22.10M | $20.60M | $27.70M |
| Inventory | $78.54M | $76.92M | $81.05M | $64.22M | $51.25M | $54.15M | $67.01M | $80.30M | $47.30M | $60.79M |
| Accounts Payable | $121.31M | $121.13M | $137.07M | $112.97M | $96.32M | $127.94M | $139.02M | $121.50M | $81.36M | $53.27M |
| Current Assets | $447.99M | $461.76M | $481.76M | $312.77M | $342.82M | $432.20M | $529.09M | $447.80M | $441.01M | $442.21M |
| Total Assets | $2.88B | $2.96B | $2.91B | $2.71B | $2.79B | $2.92B | $2.97B | $2.83B | $2.88B | $2.92B |
| Current Liabilities | $940.70M | $990.12M | $964.25M | $852.80M | $874.20M | $940.75M | $856.26M | $760.51M | $757.55M | $742.48M |
| Long-term Debt | $2.69B | $2.69B | $2.69B | $2.70B | $2.70B | $2.70B | $2.81B | $2.81B | $2.83B | $2.82B |
| Total Liabilities | $4.58B | $4.70B | $4.62B | $4.47B | $4.53B | $4.63B | $4.60B | $4.42B | $4.36B | $4.36B |
| Stockholders' Equity | ($1.70B) | ($1.74B) | ($1.72B) | ($1.75B) | ($1.74B) | ($1.71B) | ($1.63B) | ($1.58B) | ($1.49B) | ($1.44B) |
| Retained Earnings | ($3.47B) | ($3.49B) | ($3.45B) | ($3.44B) | ($3.42B) | ($3.36B) | ($3.26B) | ($3.18B) | ($2.98B) | ($2.83B) |
Cash Flow
| Line item | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | ($36.09M) | - | - | - | ($14.16M) | - | - |
| Investing Cash Flow | - | - | - | ($3.28M) | - | - | - | ($4.55M) | - | - |
| Financing Cash Flow | - | - | - | ($15.99M) | - | - | - | ($20.76M) | - | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | 4.8% | 0.6% | 2.4% | - | -6.4% | -10.5% | -23.6% | - | -22.4% |
| EBITDA margin | - | 40.4% | 39.3% | 41.7% | - | 32.7% | 31.7% | 19.2% | - | 24.9% |
| Net margin | - | -9.3% | -0.9% | -7.0% | - | -24.0% | -20.9% | -25.5% | - | -37.1% |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | 3.0% | 3.9% | 3.2% | - | - | - | - | - | - |
| SG&A / Revenue | - | 13.9% | 13.5% | 14.1% | - | 16.8% | 17.5% | 19.3% | - | 23.5% |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | - | -1.4% | -0.1% | -1.0% | - | -3.2% | -2.5% | -3.1% | - | -3.7% |
| Return on equity | - | 2.4% | 0.2% | 1.6% | - | 5.4% | 4.5% | 5.5% | - | 7.5% |
| Return on invested capital | - | 1.8% | 0.2% | 0.8% | - | -2.0% | -2.5% | -5.2% | - | -3.7% |
| Liquidity | ||||||||||
| Current ratio | 0.48 | 0.47 | 0.50 | 0.37 | 0.39 | 0.46 | 0.62 | 0.59 | 0.58 | 0.60 |
| Quick ratio | 0.39 | 0.39 | 0.42 | 0.29 | 0.33 | 0.40 | 0.54 | 0.48 | 0.52 | 0.51 |
| Cash ratio | 0.30 | 0.31 | 0.31 | 0.18 | 0.24 | 0.30 | 0.40 | 0.36 | 0.41 | 0.40 |
| Leverage | ||||||||||
| Debt / Equity | -1.58 | -1.55 | -1.57 | -1.54 | -1.55 | -1.58 | -1.73 | -1.78 | -1.90 | -1.96 |
| Debt / Assets | 0.93 | 0.91 | 0.93 | 0.99 | 0.97 | 0.93 | 0.95 | 0.99 | 0.98 | 0.96 |
| Debt / EBITDA | - | 15.16 | 16.86 | 16.47 | - | 21.34 | 25.01 | 42.73 | - | 38.86 |
| Interest coverage | - | 0.5x | 0.1x | 0.2x | - | -0.5x | -0.7x | -1.6x | - | -1.0x |
| Equity multiplier | -1.69 | -1.70 | -1.70 | -1.55 | -1.60 | -1.71 | -1.82 | -1.79 | -1.93 | -2.03 |
| Liabilities / Assets | 1.59 | 1.59 | 1.59 | 1.65 | 1.62 | 1.59 | 1.55 | 1.56 | 1.52 | 1.49 |
| Efficiency | ||||||||||
| Asset turnover | - | 0.15 | 0.14 | 0.14 | - | 0.13 | 0.12 | 0.12 | - | 0.10 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | 25d | 31d | 23d | - | 29d | 35d | 23d | - | 35d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | 13.6% | 14.7% | 14.4% | - | 33.0% | 16.1% | 13.2% | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | - | - | - | 61.9% | 7.9% | -70.5% | - | -9658.2% |
| Net income growth (YoY) | - | 55.8% | 95.3% | 68.6% | - | 14.1% | 14.9% | 36.7% | - | - |
| EPS growth (YoY) | - | 79.6% | 94.7% | 86.5% | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 2.2% | -1.8% | -5.2% | -10.7% | -17.0% | -18.9% | -16.1% | -10.1% | - | - |
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%
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.