Frontdoor Inc

For the period ended Mar 31, 2024. Filed May 2, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 2, 2024

FTDR$98.50-2.2%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Cash Flows

Condensed Consolidated Statements of Cash Flows (Unaudited)

(In millions)

	Three Months Ended
	March 31,
2024 · 2023
Cash and Cash Equivalents at Beginning of Period	$	325	$	292
Cash Flows from Operating Activities:
Net Income		34		22
Adjustments to reconcile net income to net cash provided from operating activities:
Depreciation and amortization expense		9		9
Deferred income tax benefit		—		(2)
Stock-based compensation expense		7		5
Restructuring charges		—		1
Payments for restructuring charges		(1)		(1)
Other		1		—
Changes in working capital:
Receivables		1		(1)
Prepaid expenses and other current assets		2		(6)
Accounts payable		(7)		2
Deferred revenue		57		46
Accrued liabilities		(31)		(24)
Current income taxes		11		9
Net Cash Provided from Operating Activities		84		60
Cash Flows from Investing Activities:
Purchases of property and equipment		(10)		(8)
Net Cash Used for Investing Activities		(10)		(8)
Cash Flows from Financing Activities:
Repayments of debt		(4)		(4)
Repurchase of common stock		(13)		—
Other financing activities		(4)		(3)
Net Cash Used for Financing Activities		(21)		(7)
Cash Increase During the Period		53		45
Cash and Cash Equivalents at End of Period	$	378	$	337

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.