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    Frontdoor Inc (FTDR)

    Financials

    Updated May 1, 2025, 9:25 PM UTC
    Income Statement - MetricQ3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Revenue (USD, millions)366.001,780378542.00541.00382.001,843426
    Cost of services rendered (USD, millions)189.00895184236.00235.00197.00852191
    Gross Profit (USD, millions)177.00885195305.00306.00185.00991235
    Selling and administrative expenses (USD, millions)142.00581135167.00154.00156.00612151
    Depreciation and amortization expense (USD, millions)9.003799.0010.0011.003923
    Restructuring charges (USD, millions)10.0016--4.003.0081
    Interest expense (USD, millions)10.00401010.009.0011.004019
    Interest and net investment income (USD, millions)(4.00)(16)(5)(5.00)(5.00)(5.00)(20)(6)
    Income before Income Taxes (USD, millions)12.0022945124.00134.006.0030948
    Provision for income taxes (USD, millions)3.00571132.0034.00(3.00)7411
    Net Income (USD, millions)8.001713492.00100.009.0023537
    Total Other Comprehensive (Loss) Income, Net of Income Taxes (USD, millions)(5.00)(3)2--(3.00)(6)(7)
    Comprehensive Income (USD, millions)5.001693591.0097.006.0022930
    Basic Earnings per Share (USD)0.122.130.431.181.310.133.050.50
    Diluted Earnings per Share (USD)0.122.120.431.171.300.113.010.49
    Balance Sheet - MetricQ3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Cash and cash equivalents (USD, millions)325325378419375421421506
    Marketable securities (USD, millions)-----1515-
    Receivables, less allowance (USD, millions)66476101011
    Prepaid expenses and other current assets (USD, millions)3232303028424236
    Total Current Assets (USD, millions)363363412463484488488554
    Property and equipment, net (USD, millions)6060646868737370
    Goodwill (USD, millions)503503503503503967967964
    Intangible assets, net (USD, millions)143143143142141448448435
    Operating lease right-of-use assets (USD, millions)33788887
    Long-term marketable securities (USD, millions)-----3838-
    Deferred reinsurance (USD, millions)-----656567
    Reinsurance recoverables (USD, millions)-----999
    Deferred customer acquisition costs (USD, millions)1212111110111111
    Other assets (USD, millions)55643224
    Total Assets (USD, millions)1,0891,0891,1461,2001,2172,1072,1072,121
    Accounts payable (USD, millions)76767010791717176
    Accrued liabilities: Payroll and related expenses (USD, millions)3838181829444429
    Accrued liabilities: Home warranty claims (USD, millions)7676649073747463
    Accrued liabilities: Other (USD, millions)2222333842282840
    Deferred revenue (USD, millions)1021021589589123123177
    Current portion of long-term debt (USD, millions)1717171717292929
    Total Current Liabilities (USD, millions)331331360365341369369414
    Long-Term Debt (USD, millions)5775775735695651,1701,1701,164
    Deferred tax liabilities, net (USD, millions)2525252524494945
    Operating lease liabilities (USD, millions)1616202121202020
    Unearned insurance premium (USD, millions)-----233233234
    Unpaid losses and loss adjustment reserves (USD, millions)-----121212
    Long-term deferred revenue (USD, millions)-----121219
    Other long-term liabilities (USD, millions)555664415
    Total Other Long-Term Liabilities (USD, millions)4646515250329329345
    Additional paid-in capital (USD, millions)117117120127139152152153
    Retained earnings (USD, millions)296296330422522530530567
    Accumulated other comprehensive (loss) income (USD, millions)66762--(8)
    Less treasury stock, at cost (USD, millions)(283)(283)(296)(341)(403)(444)(444)(515)
    Total Shareholders' Equity (USD, millions)136136162214261239239198
    Total Liabilities and Shareholders' Equity (USD, millions)1,0891,0891,1461,2001,2172,1072,1072,121
    Cash Flow - MetricQ3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Net Income (USD, millions)8.001713492.00100.009.0023537
    Depreciation and amortization expense (USD, millions)9.003799.0010.0011.003923
    Deferred income tax benefit (USD, millions)(1.00)(13)---(1.00)(13)(1)
    Stock-based compensation expense (USD, millions)5.002678.005.006.00268
    Restructuring charges (USD, millions)10.0016--4.003.0081
    Payments for restructuring charges (USD, millions)(4.00)(7)(1)(2.00)0.00(3.00)(6)(4)
    Other adjustments to reconcile net income (USD, millions)1.00610.001.00(1.00)11
    Receivables changes in working capital (USD, millions)--1(2.00)--11
    Prepaid expenses and other current assets changes in working capital (USD, millions)69.00(1)2(6.00)(70.00)72.00(2)3
    Accounts payable changes in working capital (USD, millions)(11.00)(4)(7)37.00(16.00)(21.00)(7)5
    Deferred revenue changes in working capital (USD, millions)3.00(19)57(64.00)(5.00)3.00(9)61
    Accrued liabilities changes in working capital (USD, millions)(5.00)(7)(31)29.00(9.00)0.00(11)(21)
    Current income taxes changes in working capital (USD, millions)(23.00)(1)112.005.00(26.00)(8)11
    Net Cash Provided from Operating Activities (USD, millions)63.0020284103.0025.0058.00270124
    Purchases of property and equipment (USD, millions)(9.00)(32)(10)(12.00)(9.00)(8.00)(39)(7)
    Net Cash Used for Investing Activities (USD, millions)(9.00)(32)(10)(12.00)(9.00)(591.00)(622)47
    Repayments of debt (USD, millions)(4.00)(17)(4)(4.00)(5.00)(585.00)(598)(7)
    Repurchases of common stock (USD, millions)(45.00)(121)(13)(45.00)(62.00)(41.00)(161)(71)
    Other financing activities (USD, millions)-1(4)0.006.007.009(7)
    Net Cash Provided from (Used for) Financing Activities (USD, millions)(49.00)(137)(21)(50.00)(60.00)578.00447(85)
    Cash Increase During the Period (USD, millions)6.00345340.00(43.00)46.009685
    Cash and Cash Equivalents at Beginning of Period (USD, millions)292292325325325325325421
    Cash and Cash Equivalents at End of Period (USD, millions)325325378419375421421506
    Revenue by Segment - in Millions of USDQ3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Renewals2851,3672984214222961437-
    - Real Estate (first-year)2614127363626125-
    - Direct-to-Consumer (first-year)3819436504931166-
    - Other18771735343116-
    Total Revenue3661,7803785425403831843-
    KPIs - Metric (Unit, Scale)Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Number of home warranties (millions)-2.001.961.951.95-2.12-
    Growth in number of home warranties (percent)--6-6-6-4-6-
    Customer retention rate (percentage)-76.276.376.677.7-79.9-