Frontdoor Inc
For the period ended Mar 31, 2024. Filed May 2, 2024.
View on SEC.govAbout 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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Condensed Consolidated Statements of Operations and Comprehensive Income
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited)
(In millions, except per share data)
| Three Months Ended | |||||||
|---|---|---|---|---|---|---|---|
| March 31, | |||||||
| 2024 · 2023 | |||||||
| Revenue | $ | 378 | $ | 367 | |||
| Cost of services rendered | 184 | 197 | |||||
| Gross Profit | 195 | 170 | |||||
| Selling and administrative expenses | 135 | 125 | |||||
| Depreciation and amortization expense | 9 | 9 | |||||
| Restructuring charges | — | 1 | |||||
| Interest expense | 10 | 10 | |||||
| Interest and net investment income | (5) | (3) | |||||
| Income before Income Taxes | 45 | 29 | |||||
| Provision for income taxes | 11 | 7 | |||||
| Net Income | $ | 34 | $ | 22 | |||
| Other Comprehensive Income (Loss), Net of Income Taxes: | |||||||
| Unrealized gain (loss) on derivative instruments, net of income taxes | 2 | (2) | |||||
| Total Other Comprehensive Income (Loss), Net of Income Taxes | 2 | (2) | |||||
| Comprehensive Income | $ | 35 | $ | 20 | |||
| Earnings per Share: | | | | | |||
| Basic | | $ | 0.43 | $ | 0.27 | ||
| Diluted | | $ | 0.43 | $ | 0.27 | ||
| Weighted-average Common Shares Outstanding: | |||||||
| Basic | 78.3 | 81.5 | |||||
| Diluted | 79.0 | 81.9 | |||||
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