Frontdoor Inc

For the period ended Sep 30, 2024. Filed Nov 4, 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.

Sep 30, 2024 · Filed Nov 4, 2024

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

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

See the whole filing, with its images and exhibits

Contents

Condensed Consolidated Statements of Financial Position

Condensed Consolidated Statements of Financial Position (Unaudited)

(In millions, except share data)

	As of
September 30, · December 31,
2024 · 2023
Assets:
Current Assets:
Cash and cash equivalents	$	375	$	325
Receivables, less allowance of $5 and $5, respectively		6		6
Prepaid expenses and other current assets		28		32
Contract assets		75		—
Total Current Assets		484		363
Other Assets:
Property and equipment, net		68		60
Goodwill		503		503
Intangible assets, net		141		143
Operating lease right-of-use assets		8		3
Deferred customer acquisition costs		10		12
Other assets		3		5
Total Assets	$	1,217	$	1,089
Liabilities and Shareholders' Equity:
Current Liabilities:
Accounts payable	$	91	$	76
Accrued liabilities:
Payroll and related expenses		29		38
Home warranty claims		73		76
Other		42		22
Deferred revenue		89		102
Current portion of long-term debt		17		17
Total Current Liabilities		341		331
Long-Term Debt		565		577
Other Long-Term Liabilities:
Deferred tax liabilities, net		24		25
Operating lease liabilities		21		16
Other long-term liabilities		6		5
Total Other Long-Term Liabilities		50		46
Commitments and Contingencies (Note 9)
Shareholders' Equity:
Common stock, $0.01 par value; 2,000,000,000 shares authorized; 87,193,682 shares issued and 75,782,534 shares outstanding as of September 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		139		117
Retained earnings		522		296
Accumulated other comprehensive income		2		6
Less treasury stock, at cost; 11,411,148 shares as of September 30, 2024 and 8,174,876 shares as of December 31, 2023		(403)		(283)
Total Shareholders' Equity		261		136
Total Liabilities and Shareholders' Equity	$	1,217	$	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.