Frontdoor Inc

For the period ended Jun 30, 2024. Filed Aug 1, 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.

Jun 30, 2024 · Filed Aug 1, 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
June 30, · December 31,
2024 · 2023
Assets:
Current Assets:
Cash and cash equivalents	$	419	$	325
Receivables, less allowance of $4 and $5, respectively		7		6
Prepaid expenses and other current assets		30		32
Contract asset		8		—
Total Current Assets		463		363
Other Assets:
Property and equipment, net		68		60
Goodwill		503		503
Intangible assets, net		142		143
Operating lease right-of-use assets		8		3
Deferred customer acquisition costs		11		12
Other assets		4		5
Total Assets	$	1,200	$	1,089
Liabilities and Shareholders' Equity:
Current Liabilities:
Accounts payable	$	107	$	76
Accrued liabilities:
Payroll and related expenses		18		38
Home warranty claims		90		76
Other		38		22
Deferred revenue		95		102
Current portion of long-term debt		17		17
Total Current Liabilities		365		331
Long-Term Debt		569		577
Other Long-Term Liabilities:
Deferred tax liabilities, net		25		25
Operating lease liabilities		21		16
Other long-term liabilities		6		5
Total Other Long-Term Liabilities		52		46
Commitments and Contingencies (Note 8)
Shareholders' Equity:
Common stock, $0.01 par value; 2,000,000,000 shares authorized; 86,985,271 shares issued and 77,049,920 shares outstanding as of June 30, 2024 and 86,553,387 shares issued and 78,378,511 shares outstanding as of December 31, 2023		1		1
Additional paid-in capital		127		117
Retained earnings		422		296
Accumulated other comprehensive income		6		6
Less treasury stock, at cost; 9,935,351 shares as of June 30, 2024 and 8,174,876 shares as of December 31, 2023		(341)		(283)
Total Shareholders' Equity		214		136
Total Liabilities and Shareholders' Equity	$	1,200	$	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.