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

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Statements of Financial Position

Condensed Consolidated Statements of Financial Position (Unaudited)

(In millions, except share data)

	As of
March 31, · December 31,
2024 · 2023
Assets:
Current Assets:
Cash and cash equivalents	$	378	$	325
Receivables, less allowance of $4 and $5, respectively		4		6
Prepaid expenses and other current assets		30		32
Total Current Assets		412		363
Other Assets:
Property and equipment, net		64		60
Goodwill		503		503
Intangible assets, net		143		143
Operating lease right-of-use assets		7		3
Deferred customer acquisition costs		11		12
Other assets		6		5
Total Assets	$	1,146	$	1,089
Liabilities and Shareholders' Equity:
Current Liabilities:
Accounts payable	$	70	$	76
Accrued liabilities:
Payroll and related expenses		18		38
Home warranty claims		64		76
Other		33		22
Deferred revenue		158		102
Current portion of long-term debt		17		17
Total Current Liabilities		360		331
Long-Term Debt		573		577
Other Long-Term Liabilities:
Deferred tax liabilities, net		25		25
Operating lease liabilities		20		16
Other long-term liabilities		5		5
Total Other Long-Term Liabilities		51		46
Commitments and Contingencies (Note 7)
Shareholders' Equity:
Common stock, $0.01 par value; 2,000,000,000 shares authorized; 86,871,669 shares issued and 78,296,296 shares outstanding as of March 31, 2024 and 86,553,387 shares issued and 78,378,511 shares outstanding as of December 31, 2023		1		1
Additional paid-in capital		120		117
Retained earnings		330		296
Accumulated other comprehensive income		7		6
Less treasury stock, at cost; 8,575,373 shares as of March 31, 2024 and 8,174,876 shares as of December 31, 2023		(296)		(283)
Total Shareholders' Equity		162		136
Total Liabilities and Shareholders' Equity	$	1,146	$	1,089

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.