Frontdoor (FTDR) annual balance sheet covering fiscal 2018 through 2023, as reported to the SEC.
Total Assets have grown 0.91% a year on average since fiscal 2018, from $1.04B to $1.09B.
A balance sheet shows what a company owns and what it owes on a single date. The difference between the two belongs to shareholders.
| Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets: | |||||||||||||||||||||
Current Assets: | |||||||||||||||||||||
Cash and cash equivalents | |||||||||||||||||||||
325,000 | 292,000 | 262,000 | 597,000 | 428,000 | 296,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Cash and cash equivalents | 325,000 | 292,000 | 262,000 | 597,000 | 428,000 | 296,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Marketable securities | |||||||||||||||||||||
- | - | - | - | 7,000 | 9,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Marketable securities | - | - | - | - | 7,000 | 9,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Receivables, less allowance of $5 and $4, respectively | |||||||||||||||||||||
6,000 | 5,000 | 7,000 | 5,000 | 11,000 | 12,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Receivables, less allowance of $5 and $4, respectively | 6,000 | 5,000 | 7,000 | 5,000 | 11,000 | 12,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Prepaid expenses and other current assets | |||||||||||||||||||||
32,000 | 33,000 | 25,000 | 24,000 | 16,000 | 13,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Prepaid expenses and other current assets | 32,000 | 33,000 | 25,000 | 24,000 | 16,000 | 13,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total Current Assets | |||||||||||||||||||||
363,000 | 330,000 | 295,000 | 626,000 | 461,000 | 330,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total Current Assets | 363,000 | 330,000 | 295,000 | 626,000 | 461,000 | 330,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other Assets: | |||||||||||||||||||||
Property and equipment, net | |||||||||||||||||||||
60,000 | 66,000 | 66,000 | 60,000 | 51,000 | 47,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Property and equipment, net | 60,000 | 66,000 | 66,000 | 60,000 | 51,000 | 47,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Goodwill | |||||||||||||||||||||
503,000 | 503,000 | 512,000 | 512,000 | 501,000 | 476,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Goodwill | 503,000 | 503,000 | 512,000 | 512,000 | 501,000 | 476,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Intangible assets, net | |||||||||||||||||||||
143,000 | 148,000 | 159,000 | 170,000 | 191,000 | 158,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Intangible assets, net | 143,000 | 148,000 | 159,000 | 170,000 | 191,000 | 158,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Operating lease right-of-use assets | |||||||||||||||||||||
3,000 | 11,000 | 17,000 | 15,000 | 17,000 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Operating lease right-of-use assets | 3,000 | 11,000 | 17,000 | 15,000 | 17,000 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Long-term marketable securities | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Long-term marketable securities | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Deferred customer acquisition costs | |||||||||||||||||||||
12,000 | 16,000 | 16,000 | 19,000 | 18,000 | 21,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Deferred customer acquisition costs | 12,000 | 16,000 | 16,000 | 19,000 | 18,000 | 21,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other assets | |||||||||||||||||||||
5,000 | 8,000 | 5,000 | 3,000 | 11,000 | 10,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other assets | 5,000 | 8,000 | 5,000 | 3,000 | 11,000 | 10,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total Assets | |||||||||||||||||||||
1,089,000 | 1,082,000 | 1,069,000 | 1,405,000 | 1,250,000 | 1,041,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total Assets | 1,089,000 | 1,082,000 | 1,069,000 | 1,405,000 | 1,250,000 | 1,041,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Liabilities and Shareholders' Equity: | |||||||||||||||||||||
Current Liabilities: | |||||||||||||||||||||
Accounts payable | |||||||||||||||||||||
76,000 | 80,000 | 66,000 | 55,000 | 48,000 | 41,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accounts payable | 76,000 | 80,000 | 66,000 | 55,000 | 48,000 | 41,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Accrued liabilities: | |||||||||||||||||||||
Payroll and related expenses | |||||||||||||||||||||
38,000 | 22,000 | 24,000 | 23,000 | 17,000 | 10,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Payroll and related expenses | 38,000 | 22,000 | 24,000 | 23,000 | 17,000 | 10,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Home warranty claims | |||||||||||||||||||||
76,000 | 103,000 | 88,000 | 90,000 | 66,000 | 67,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Home warranty claims | 76,000 | 103,000 | 88,000 | 90,000 | 66,000 | 67,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Interest payable | |||||||||||||||||||||
- | - | - | 9,000 | 9,000 | 9,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Interest payable | - | - | - | 9,000 | 9,000 | 9,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other | |||||||||||||||||||||
22,000 | 21,000 | 28,000 | 32,000 | 29,000 | 26,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other | 22,000 | 21,000 | 28,000 | 32,000 | 29,000 | 26,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Deferred revenue | |||||||||||||||||||||
102,000 | 121,000 | 155,000 | 187,000 | 188,000 | 185,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Deferred revenue | 102,000 | 121,000 | 155,000 | 187,000 | 188,000 | 185,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Current portion of long-term debt | |||||||||||||||||||||
17,000 | 17,000 | 17,000 | 7,000 | 7,000 | 7,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Current portion of long-term debt | 17,000 | 17,000 | 17,000 | 7,000 | 7,000 | 7,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total Current Liabilities | |||||||||||||||||||||
331,000 | 364,000 | 378,000 | 403,000 | 364,000 | 345,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total Current Liabilities | 331,000 | 364,000 | 378,000 | 403,000 | 364,000 | 345,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Long-Term Debt | |||||||||||||||||||||
577,000 | 592,000 | 608,000 | 968,000 | 973,000 | 977,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Long-Term Debt | 577,000 | 592,000 | 608,000 | 968,000 | 973,000 | 977,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other Long-Term Liabilities: | |||||||||||||||||||||
Deferred tax liabilities, net | |||||||||||||||||||||
25,000 | 39,000 | 41,000 | 38,000 | 45,000 | 39,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Deferred tax liabilities, net | 25,000 | 39,000 | 41,000 | 38,000 | 45,000 | 39,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Operating lease liabilities | |||||||||||||||||||||
16,000 | 18,000 | 19,000 | 18,000 | 20,000 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Operating lease liabilities | 16,000 | 18,000 | 19,000 | 18,000 | 20,000 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other long-term liabilities | |||||||||||||||||||||
5,000 | 8,000 | 21,000 | 40,000 | 27,000 | 24,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other long-term liabilities | 5,000 | 8,000 | 21,000 | 40,000 | 27,000 | 24,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total Other Long-Term Liabilities | |||||||||||||||||||||
46,000 | 65,000 | 81,000 | 96,000 | 92,000 | 63,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total Other Long-Term Liabilities | 46,000 | 65,000 | 81,000 | 96,000 | 92,000 | 63,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Shareholders' Equity: | |||||||||||||||||||||
Net Parent Investment | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net Parent Investment | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Common stock, $0.01 par value; 2,000,000,000 shares authorized; 86,553,387 shares issued and 78,378,511 shares outstanding as of December 31, 2023 and 86,079,773 shares issued and 81,517,243 shares outstanding as of December 31, 2022 | |||||||||||||||||||||
1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Common stock, $0.01 par value; 2,000,000,000 shares authorized; 86,553,387 shares issued and 78,378,511 shares outstanding as of December 31, 2023 and 86,079,773 shares issued and 81,517,243 shares outstanding as of December 31, 2022 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Additional paid-in capital | |||||||||||||||||||||
117,000 | 90,000 | 70,000 | 46,000 | 29,000 | 1,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Additional paid-in capital | 117,000 | 90,000 | 70,000 | 46,000 | 29,000 | 1,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Retained earnings | |||||||||||||||||||||
296,000 | 124,000 | 53,000 | -75,000 | -188,000 | -336,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Retained earnings | 296,000 | 124,000 | 53,000 | -75,000 | -188,000 | -336,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Accumulated other comprehensive income | |||||||||||||||||||||
6,000 | 8,000 | -18,000 | -33,000 | -21,000 | -9,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accumulated other comprehensive income | 6,000 | 8,000 | -18,000 | -33,000 | -21,000 | -9,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Less treasury stock, at cost; 8,174,876 shares as of December 31, 2023 and 4,562,530 shares as of December 31, 2022 | |||||||||||||||||||||
283,000 | 162,000 | 103,000 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Less treasury stock, at cost; 8,174,876 shares as of December 31, 2023 and 4,562,530 shares as of December 31, 2022 | 283,000 | 162,000 | 103,000 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total Shareholders' Equity | |||||||||||||||||||||
136,000 | 61,000 | 2,000 | -61,000 | -179,000 | -344,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total Shareholders' Equity | 136,000 | 61,000 | 2,000 | -61,000 | -179,000 | -344,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total Liabilities and Shareholders' Equity | |||||||||||||||||||||
1,089,000 | 1,082,000 | 1,069,000 | 1,405,000 | 1,250,000 | 1,041,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total Liabilities and Shareholders' Equity | 1,089,000 | 1,082,000 | 1,069,000 | 1,405,000 | 1,250,000 | 1,041,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||