Frontdoor Inc. (FTDR) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
3400 PLAYERS CLUB PARKWAY, STE. 300 MEMPHIS, TN 38125 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 734 - Services To Dwellings And Other Buildings (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 325,000 | 320,000 | 344,000 | 337,000 | 292,000 | 244,000 | |||
| Cash and cash equivalents | 325,000 | 320,000 | 344,000 | 337,000 | 292,000 | 244,000 | |||
| Receivables | 6,000 | 7,000 | 6,000 | 6,000 | 5,000 | 4,000 | |||
| Contract with customer, asset, after allowance for credit loss | 72,000 | 14,000 | 65,000 | ||||||
| Other undisclosed current assets | 32,000 | 30,000 | 27,000 | 38,000 | 33,000 | 30,000 | |||
| Total current assets: | 363,000 | 429,000 | 391,000 | 381,000 | 330,000 | 343,000 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 3,000 | 8,000 | 9,000 | 10,000 | 11,000 | 9,000 | |||
| Property, plant and equipment | 60,000 | 64,000 | 66,000 | 66,000 | 66,000 | 64,000 | |||
| Intangible assets, net (including goodwill) | 646,000 | 647,000 | 648,000 | 649,000 | 651,000 | 652,000 | |||
| Goodwill | 503,000 | 503,000 | 503,000 | 503,000 | 503,000 | 503,000 | |||
| Intangible assets, net (excluding goodwill) | 143,000 | 144,000 | 145,000 | 146,000 | 148,000 | 149,000 | |||
| Deferred costs | 12,000 | 12,000 | 14,000 | 17,000 | 16,000 | 17,000 | |||
| Other noncurrent assets | 5,000 | 8,000 | 8,000 | 6,000 | 8,000 | 10,000 | |||
| Other undisclosed noncurrent assets | (1,000) | ||||||||
| Total noncurrent assets: | 726,000 | 739,000 | 745,000 | 747,000 | 752,000 | 752,000 | |||
| TOTAL ASSETS: | 1,089,000 | 1,168,000 | 1,136,000 | 1,128,000 | 1,082,000 | 1,095,000 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 136,000 | 156,000 | 132,000 | 130,000 | 123,000 | 162,000 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 23,000 | ||
| Accounts payable | 76,000 | 87,000 | 78,000 | 82,000 | 80,000 | 89,000 | |||
| Accrued liabilities | 60,000 | 69,000 | 54,000 | 48,000 | 43,000 | 50,000 | |||
| Deferred revenue | 102,000 | 98,000 | 107,000 | 167,000 | 121,000 | 113,000 | |||
| Debt | 17,000 | 17,000 | 17,000 | 17,000 | |||||
| Self insurance reserve | 76,000 | 93,000 | 108,000 | 81,000 | 103,000 | 123,000 | |||
| Other undisclosed current liabilities | 1,000 | 18,000 | (7,000) | ||||||
| Total current liabilities: | 331,000 | 364,000 | 365,000 | 396,000 | 364,000 | 391,000 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 577,000 | 580,000 | 584,000 | 588,000 | 592,000 | 596,000 | |||
| Other undisclosed long-term debt and lease obligation | 577,000 | 580,000 | 584,000 | 588,000 | 592,000 | 580,000 | |||
| Liabilities, other than long-term debt, including: | 46,000 | 52,000 | 56,000 | 62,000 | 65,000 | 60,000 | |||
| Deferred income tax liabilities | 25,000 | 28,000 | 31,000 | 37,000 | 39,000 | 37,000 | |||
| Other liabilities | 5,000 | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 | |||
| Operating lease, liability | 16,000 | 16,000 | 16,000 | 17,000 | 18,000 | 16,000 | |||
| Other undisclosed liabilities, other than long-term debt | 1,000 | 15,000 | |||||||
| Total noncurrent liabilities: | 623,000 | 632,000 | 640,000 | 650,000 | 657,000 | 656,000 | |||
| Total liabilities: | 954,000 | 996,000 | 1,005,000 | 1,046,000 | 1,021,000 | 1,047,000 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 136,000 | 171,000 | 131,000 | 83,000 | 61,000 | 47,000 | |||
| Common stock | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | |||
| Treasury stock, value | (283,000) | (238,000) | (196,000) | (162,000) | (162,000) | (162,000) | |||
| Additional paid in capital | 117,000 | 110,000 | 101,000 | 92,000 | 90,000 | 85,000 | |||
| Accumulated other comprehensive income | 6,000 | 10,000 | 9,000 | 6,000 | 8,000 | 8,000 | |||
| Retained earnings | 296,000 | 287,000 | 216,000 | 146,000 | 124,000 | 116,000 | |||
| Other undisclosed equity, attributable to parent | (1,000) | 1,000 | (1,000) | ||||||
| Total equity: | 136,000 | 171,000 | 131,000 | 83,000 | 61,000 | 47,000 | |||
| Other undisclosed liabilities and equity | (1,000) | 1,000 | (1,000) | 1,000 | |||||
| TOTAL LIABILITIES AND EQUITY: | 1,089,000 | 1,168,000 | 1,136,000 | 1,128,000 | 1,082,000 | 1,095,000 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 366,000 | 524,000 | 523,000 | 367,000 | 340,000 | 484,000 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (189,000) | (256,000) | (253,000) | (197,000) | (195,000) | (274,000) | ||
| Other undisclosed gross profit | ||||||||
| Gross profit: | 177,000 | 268,000 | 270,000 | 170,000 | 145,000 | 210,000 | ||
| Operating expenses | (161,000) | (166,000) | (171,000) | (135,000) | (129,000) | (164,000) | ||
| Operating income: | 16,000 | 102,000 | 99,000 | 35,000 | 16,000 | 46,000 | ||
| Nonoperating income (Investment Income, Nonoperating) | 4,000 | 4,000 | 4,000 | 3,000 | 1,000 | |||
| Interest and debt expense | (10,000) | (10,000) | (10,000) | (10,000) | (9,000) | (8,000) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (1,000) | |||||||
| Income from continuing operations before equity method investments, income taxes: | 10,000 | 96,000 | 93,000 | 28,000 | 6,000 | 39,000 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 2,000 | 1,000 | 2,000 | |||||
| Income from continuing operations before income taxes: | 12,000 | 96,000 | 93,000 | 29,000 | 8,000 | 39,000 | ||
| Income tax expense (benefit) | (3,000) | (24,000) | (23,000) | (7,000) | 1,000 | (11,000) | ||
| Income from continuing operations: | 9,000 | 72,000 | 70,000 | 22,000 | 9,000 | 28,000 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 28,000 | |
| Net income: | 9,000 | 72,000 | 70,000 | 22,000 | 9,000 | 28,000 | ||
| Other undisclosed net loss attributable to parent | (1,000) | (1,000) | (1,000) | |||||
| Net income available to common stockholders, diluted: | 8,000 | 71,000 | 70,000 | 22,000 | 8,000 | 28,000 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 9,000 | 72,000 | 70,000 | 22,000 | 9,000 | 28,000 | ||
| Other comprehensive income (loss) | (5,000) | (2,000) | 1,000 | |||||
| Comprehensive income: | 4,000 | 72,000 | 70,000 | 20,000 | 10,000 | 28,000 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 1,000 | 3,000 | (1,000) | 9,000 | ||||
| Comprehensive income, net of tax, attributable to parent: | 5,000 | 72,000 | 73,000 | 20,000 | 9,000 | 37,000 | ||
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.