ADT Inc. (ADT) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
1501 YAMATO ROAD BOCA RATON, FL 33431 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7381 - Detective, Guard, and Armored Car Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 15 | 257 | 24 | 205 | 49 | 363 | |||
| Cash and cash equivalents | 15 | 257 | 24 | 205 | 49 | 363 | |||
| Restricted cash and investments | 115 | 116 | 9 | 3 | 4 | ||||
| Receivables | 419 | 720 | 442 | 336 | 287 | 246 | |||
| Prepaid expense | 50 | 29 | |||||||
| Contract with customer, asset, after allowance for credit loss | 15 | 34 | |||||||
| Derivative instruments and hedges, assets | 75 | 78 | |||||||
| Disposal group, including discontinued operation | |||||||||
| Other current assets | 85 | 78 | |||||||
| Other undisclosed current assets | 230 | 410 | 517 | 424 | 290 | 241 | |||
| Total current assets: | 1,005 | 1,722 | 993 | 967 | 625 | 854 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 83 | 93 | 89 | 54 | 66 | ✕ | |||
| Operating lease, right-of-use asset | 92 | 128 | 126 | 138 | 122 | ✕ | |||
| Property, plant and equipment | 364 | 326 | 329 | 327 | |||||
| Intangible assets, net (including goodwill) | 9,781 | 10,859 | 11,357 | 11,143 | 11,629 | 12,570 | |||
| Goodwill | 4,904 | 5,767 | 5,943 | 5,236 | 4,960 | 5,082 | |||
| Intangible assets, net (excluding goodwill) | 4,877 | 5,092 | 5,413 | 5,907 | 6,670 | 7,488 | |||
| Disposal group, including discontinued operation, noncurrent assets | |||||||||
| Other noncurrent assets | 713 | 724 | 463 | 364 | 248 | 120 | |||
| Other undisclosed noncurrent assets | 4,290 | 4,295 | 3,503 | 3,124 | 3,064 | 3,338 | |||
| Total noncurrent assets: | 14,959 | 16,099 | 15,902 | 15,150 | 15,458 | 16,355 | |||
| TOTAL ASSETS: | 15,964 | 17,821 | 16,894 | 16,117 | 16,084 | 17,209 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 895 | 1,386 | 1,212 | 1,129 | 926 | 619 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 124 | 115 | ||||
| Employee-related liabilities | ✕ | ✕ | ✕ | 100 | 92 | ||||
| Accounts payable | 294 | 487 | 475 | 322 | 242 | 221 | |||
| Accrued liabilities | 601 | 900 | 737 | 584 | 477 | 398 | |||
| Deferred revenue | 264 | 403 | 374 | 346 | 342 | ✕ | |||
| Debt | 321 | 872 | 118 | 45 | 58 | 58 | |||
| Disposal group, including discontinued operation | |||||||||
| Other undisclosed current liabilities | (224) | (207) | 335 | ||||||
| Total current liabilities: | 1,480 | 2,661 | 1,703 | 1,296 | 1,120 | 1,012 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 7,523 | 8,957 | 9,575 | 9,769 | 9,979 | 10,274 | |||
| Long-term debt, excluding current maturities | 7,523 | 8,957 | 9,575 | 9,448 | 9,634 | 9,944 | |||
| Finance lease, liability | 53 | 46 | 34 | ✕ | |||||
| Other undisclosed long-term debt and lease obligation | (53) | (46) | 171 | 344 | 330 | ||||
| Liabilities, other than long-term debt | 3,172 | 2,810 | 2,367 | 2,362 | 1,000 | 158 | |||
| Deferred revenue | 1,915 | 1,645 | 1,199 | 832 | 674 | ✕ | |||
| Deferred compensation liability, classified | 28 | 21 | 17 | ||||||
| Deferred income tax liabilities | 1,027 | 893 | 867 | 991 | ✕ | ||||
| Disposal group, including discontinued operation, liabilities | |||||||||
| Other liabilities | 230 | 272 | 301 | 511 | 305 | 141 | |||
| Operating lease, liability | 116 | ✕ | |||||||
| Other undisclosed noncurrent liabilities | (349) | 801 | 1,539 | ||||||
| Total noncurrent liabilities: | 10,695 | 11,767 | 11,942 | 11,782 | 11,780 | 11,971 | |||
| Total liabilities: | 12,175 | 14,428 | 13,646 | 13,078 | 12,899 | 12,984 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 3,789 | 3,393 | 3,249 | 3,039 | 3,184 | 4,225 | |||
| Common stock | 8 | 8 | |||||||
| Additional paid in capital | 7,413 | 7,381 | 7,261 | 6,641 | 5,977 | 5,969 | |||
| Accumulated other comprehensive loss | (16) | (47) | (69) | (119) | (58) | (72) | |||
| Accumulated deficit | (3,618) | (3,950) | (3,953) | (3,491) | (2,742) | (1,680) | |||
| Other undisclosed equity, attributable to parent | 9 | 9 | 9 | 8 | |||||
| Total equity: | 3,789 | 3,393 | 3,249 | 3,039 | 3,184 | 4,225 | |||
| TOTAL LIABILITIES AND EQUITY: | 15,964 | 17,821 | 16,894 | 16,117 | 16,084 | 17,209 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 4,983 | 6,395 | 5,307 | 5,315 | 5,126 | 4,582 | ||
| Gross profit: | 4,983 | 6,395 | 5,307 | 5,315 | 5,126 | 4,582 | ||
| Operating expenses | (1,540) | (1,930) | (1,789) | (3,172) | (2,647) | (1,244) | ||
| Other undisclosed operating loss | (2,933) | (3,957) | (3,503) | (2,102) | (2,282) | (3,060) | ||
| Operating income: | 510 | 509 | 15 | 41 | 196 | 278 | ||
| Nonoperating income (expense) | 12 | (58) | 8 | (53) | (57) | 25 | ||
| Investment income, nonoperating | (61) | (62) | ||||||
| Other nonoperating income (expense) | 12 | (58) | 8 | 8 | 5 | 28 | ||
| Interest and debt expense | (17) | (4) | (37) | (833) | (731) | (275) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 506 | 447 | (14) | (845) | (591) | 28 | ||
| Income (loss) from equity method investments | 7 | (5) | ||||||
| Other undisclosed income (loss) from continuing operations before income taxes | (579) | (257) | (458) | 66 | 69 | (660) | ||
| Income (loss) from continuing operations before income taxes: | (67) | 186 | (471) | (779) | (522) | (633) | ||
| Income tax expense (benefit) | (5) | (49) | 130 | (147) | (98) | 23 | ||
| Income (loss) from continuing operations: | (71) | 137 | (341) | (926) | (620) | (609) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (341) | (926) | (620) | (609) | |
| Net income (loss): | (71) | 137 | (341) | (926) | (620) | (609) | ||
| Other undisclosed net income (loss) attributable to parent | 534 | (5) | 293 | 196 | ||||
| Net income (loss) available to common stockholders, diluted: | 463 | 133 | (341) | (632) | (424) | (609) | ||
Comprehensive Income ($ in millions)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (71) | 137 | (341) | (926) | (620) | (609) | ||
| Comprehensive income (loss): | (71) | 137 | (341) | (926) | (620) | (609) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 565 | 17 | 50 | 233 | 209 | (68) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 494 | 154 | (291) | (692) | (411) | (677) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.