2022 Q1 Form 10-Q Financial Statement

#000170305622000126 Filed on May 06, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $1.545B $1.305B
YoY Change 18.4% -4.75%
Cost Of Revenue $509.8M $381.2M
YoY Change 33.73% -6.57%
Gross Profit $1.035B $923.5M
YoY Change 12.07% -3.98%
Gross Profit Margin 67.0% 70.78%
Selling, General & Admin $482.3M $449.6M
YoY Change 7.28% -0.82%
% of Gross Profit 46.6% 48.68%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $476.1M $469.8M
YoY Change 1.34% -3.93%
% of Gross Profit 46.0% 50.87%
Operating Expenses $482.3M $449.6M
YoY Change 7.28% -4.2%
Operating Profit $75.98M -$16.38M
YoY Change -563.86% -81.67%
Interest Expense -$6.307M -$47.72M
YoY Change -86.78% -78.82%
% of Operating Profit -8.3%
Other Income/Expense, Net $1.496M $1.803M
YoY Change -17.03% -21.91%
Pretax Income $71.17M -$62.46M
YoY Change -213.95% -83.49%
Income Tax $20.00M -$15.00M
% Of Pretax Income 28.1%
Net Earnings $51.65M -$47.89M
YoY Change -207.83% -84.05%
Net Earnings / Revenue 3.34% -3.67%
Basic Earnings Per Share
Diluted Earnings Per Share $53.46K -$58.60K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding 911.3M shares 762.7M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.40M $123.0M
YoY Change -85.85% 4.24%
Cash & Equivalents $17.40M $122.6M
Short-Term Investments
Other Short-Term Assets $161.2M $123.0M
YoY Change 31.09% -25.9%
Inventory $380.8M $225.0M
Prepaid Expenses
Receivables $453.8M $331.7M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.067B $867.8M
YoY Change 23.0% 20.71%
LONG-TERM ASSETS
Property, Plant & Equipment $362.1M $326.7M
YoY Change 10.84% -3.96%
Goodwill $5.941B $5.243B
YoY Change 13.31% 0.49%
Intangibles $5.286B $5.809B
YoY Change -9.01% -10.29%
Long-Term Investments
YoY Change
Other Assets $534.2M $376.9M
YoY Change 41.72% 31.61%
Total Long-Term Assets $15.95B $15.14B
YoY Change 5.31% -2.57%
TOTAL ASSETS
Total Short-Term Assets $1.067B $867.8M
Total Long-Term Assets $15.95B $15.14B
Total Assets $17.01B $16.01B
YoY Change 6.27% -1.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $449.5M $348.4M
YoY Change 29.02% 22.64%
Accrued Expenses $629.2M $530.6M
YoY Change 18.59% -4.54%
Deferred Revenue $373.9M $355.8M
YoY Change 5.08% 1.85%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $126.4M $80.17M
YoY Change 57.62% 36.33%
Total Short-Term Liabilities $1.579B $1.315B
YoY Change 20.08% 5.36%
LONG-TERM LIABILITIES
Long-Term Debt $9.735B $9.446B
YoY Change 3.06% -4.58%
Other Long-Term Liabilities $224.1M $399.3M
YoY Change -43.9% -16.11%
Total Long-Term Liabilities $9.959B $9.845B
YoY Change 1.16% -5.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.579B $1.315B
Total Long-Term Liabilities $9.959B $9.845B
Total Liabilities $13.73B $13.03B
YoY Change 5.38% -2.5%
SHAREHOLDERS EQUITY
Retained Earnings -$3.933B -$3.569B
YoY Change 10.21% 16.13%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.280B $2.978B
YoY Change
Total Liabilities & Shareholders Equity $17.01B $16.01B
YoY Change 6.27% -1.54%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $51.65M -$47.89M
YoY Change -207.83% -84.05%
Depreciation, Depletion And Amortization $476.1M $469.8M
YoY Change 1.34% -3.93%
Cash From Operating Activities $308.1M $359.3M
YoY Change -14.27% 43.6%
INVESTING ACTIVITIES
Capital Expenditures $38.32M $41.51M
YoY Change -7.68% 20.06%
Acquisitions -$32.00K $15.91M
YoY Change -100.2% -91.14%
Other Investing Activities -$373.0K -$1.408M
YoY Change -73.51% -49.39%
Cash From Investing Activities -$405.1M -$399.1M
YoY Change 1.51% 17.93%
FINANCING ACTIVITIES
Cash Dividend Paid $31.60M $28.98M
YoY Change 9.03% 10.23%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $142.6M
YoY Change
Cash From Financing Activities $91.85M -$40.69M
YoY Change -325.75% -125.81%
NET CHANGE
Cash From Operating Activities $308.1M $359.3M
Cash From Investing Activities -$405.1M -$399.1M
Cash From Financing Activities $91.85M -$40.69M
Net Change In Cash -$5.206M -$80.46M
YoY Change -93.53% -215.93%
FREE CASH FLOW
Cash From Operating Activities $308.1M $359.3M
Capital Expenditures $38.32M $41.51M
Free Cash Flow $269.8M $317.8M
YoY Change -15.13% 47.38%

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DeferredIncomeTaxExpenseBenefit
16172000 USD
CY2021Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-21815000 USD
CY2022Q1 adt Provision For Doubtful Accounts And Inventory Write Down
ProvisionForDoubtfulAccountsAndInventoryWriteDown
19314000 USD
CY2021Q1 adt Provision For Doubtful Accounts And Inventory Write Down
ProvisionForDoubtfulAccountsAndInventoryWriteDown
14250000 USD
CY2022Q1 us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
CY2021Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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CY2022Q1 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 USD
CY2021Q1 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
17883000 USD
CY2022Q1 us-gaap Unrealized Gain Loss On Derivatives
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145289000 USD
CY2021Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
106517000 USD
CY2022Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
65445000 USD
CY2021Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
38815000 USD
CY2022Q1 adt Increase Decreasein Deferred Subscriber Acquisition Costs
IncreaseDecreaseinDeferredSubscriberAcquisitionCosts
-92837000 USD
CY2021Q1 adt Increase Decreasein Deferred Subscriber Acquisition Costs
IncreaseDecreaseinDeferredSubscriberAcquisitionCosts
-67402000 USD
CY2022Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
81073000 USD
CY2021Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
58170000 USD
CY2022Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
163110000 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
3623000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
308072000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
359334000 USD
CY2022Q1 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
185070000 USD
CY2021Q1 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
198761000 USD
CY2022Q1 adt Payments For Subscriber System Assets And Bulk Account Purchases
PaymentsForSubscriberSystemAssetsAndBulkAccountPurchases
182141000 USD
CY2021Q1 adt Payments For Subscriber System Assets And Bulk Account Purchases
PaymentsForSubscriberSystemAssetsAndBulkAccountPurchases
144345000 USD
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
38317000 USD
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
41505000 USD
CY2022Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
-32000 USD
CY2021Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
15909000 USD
CY2022Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-373000 USD
CY2021Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022Q1 us-gaap Proceeds From Issuance Of Long Term Debt And Capital Securities Net
ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet
280000000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Long Term Debt And Capital Securities Net
ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet
10729000 USD
CY2022Q1 adt Proceeds From Receivables Facility Borrowings
ProceedsFromReceivablesFacilityBorrowings
46876000 USD
CY2021Q1 adt Proceeds From Receivables Facility Borrowings
ProceedsFromReceivablesFacilityBorrowings
29670000 USD
CY2022Q1 us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
153269000 USD
CY2021Q1 us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
17937000 USD
CY2022Q1 adt Repayments Of Receivables Facility Borrowings
RepaymentsOfReceivablesFacilityBorrowings
20876000 USD
CY2021Q1 adt Repayments Of Receivables Facility Borrowings
RepaymentsOfReceivablesFacilityBorrowings
7367000 USD
CY2022Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
31596000 USD
CY2021Q1 us-gaap Payments Of Dividends
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28980000 USD
CY2022Q1 us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
172000 USD
CY2021Q1 us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
114000 USD
CY2022Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-29118000 USD
CY2021Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-26686000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
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91845000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
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-40685000 USD
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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8824000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5206000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-80463000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33277000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
207747000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
28071000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
127284000 USD
CY2022Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:8pt;margin-top:16pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the condensed consolidated financial statements in accordance with GAAP requires the Company to select accounting policies and make estimates that affect amounts reported in the condensed consolidated financial statements and the accompanying notes. The Company’s estimates are based on the relevant information available at the end of each period. Actual results could differ materially from these estimates under different assumptions or market conditions.</span></div>
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17404000 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
24453000 USD
CY2022Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
10667000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
28071000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33277000 USD
CY2022Q1 adt Revenuefrom Contractwith Customer Termof Customer Relationship
RevenuefromContractwithCustomerTermofCustomerRelationship
P15Y
CY2022Q1 adt Subscriber System Assets Gross
SubscriberSystemAssetsGross
5676138000 USD
CY2021Q4 adt Subscriber System Assets Gross
SubscriberSystemAssetsGross
5499703000 USD
CY2022Q1 adt Subscriber System Assets Accumulated Depreciation
SubscriberSystemAssetsAccumulatedDepreciation
2756776000 USD
CY2021Q4 adt Subscriber System Assets Accumulated Depreciation
SubscriberSystemAssetsAccumulatedDepreciation
2632175000 USD
CY2022Q1 adt Subscriber System Assets Net
SubscriberSystemAssetsNet
2919362000 USD
CY2021Q4 adt Subscriber System Assets Net
SubscriberSystemAssetsNet
2867528000 USD
CY2022Q1 adt Subscriber System Assets Depreciation Expense
SubscriberSystemAssetsDepreciationExpense
133122000 USD
CY2021Q1 adt Subscriber System Assets Depreciation Expense
SubscriberSystemAssetsDepreciationExpense
122994000 USD
CY2022Q1 us-gaap Capitalized Contract Cost Amortization
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36939000 USD
CY2021Q1 us-gaap Capitalized Contract Cost Amortization
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28642000 USD
CY2022Q1 us-gaap Interest Payable Current
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83288000 USD
CY2021Q4 us-gaap Interest Payable Current
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124579000 USD
CY2022Q1 us-gaap Employee Related Liabilities Current
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144069000 USD
CY2021Q4 us-gaap Employee Related Liabilities Current
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196165000 USD
CY2022Q1 us-gaap Operating Lease Liability Current
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38469000 USD
CY2021Q4 us-gaap Operating Lease Liability Current
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37359000 USD
CY2022Q1 us-gaap Other Accrued Liabilities Current
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349402000 USD
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
328782000 USD
CY2022Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
629223000 USD
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
737245000 USD
adt Radio Conversion Cost Net
RadioConversionCostNet
298000000 USD
CY2022Q1 adt Radio Conversion Costs
RadioConversionCosts
18133000 USD
CY2021Q1 adt Radio Conversion Costs
RadioConversionCosts
69669000 USD
CY2022Q1 adt Radio Conversion Revenue
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8193000 USD
CY2021Q1 adt Radio Conversion Revenue
RadioConversionRevenue
10940000 USD
CY2022Q1 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
0 USD
CY2021Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
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CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1544747000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1304704000 USD
CY2022Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
53423000 USD
CY2021Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
37159000 USD
CY2022Q1 adt Installation And Other Revenue Fees Other
InstallationAndOtherRevenueFeesOther
38000000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
54032000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
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68342000 USD
CY2022Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
20457000 USD
CY2021Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
14322000 USD
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
18762000 USD
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
15834000 USD
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
55727000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
94510000 USD
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
66830000 USD
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses Policy For Uncollectible Amounts
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<div style="margin-bottom:8pt;margin-top:16pt"><span style="color:#026dce;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Retail Installment Contract Receivables</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s retail installment contract option allows qualifying residential customers to pay the fees due at installation over a 24-, 36-, or 60-month interest-free period and is available for security system transactions occurring under both Company-owned and customer-owned models. The financing component of retail installment contract receivables is not significant.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s retail installment contract receivables are recorded at amortized cost less an allowance for credit losses not expected to be recovered. The allowance for credit losses is recognized at inception and reassessed each reporting period. The allowance for credit losses relates to retail installment contract receivables from outright sales transactions and is not material.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Upon origination of a retail installment contract, the Company utilizes external credit scores to assess customer credit quality and determine eligibility. In addition, customers are required to enroll in the Company’s automated payment process in order to enter into a retail installment contract.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Subsequent to origination, the Company monitors the delinquency status of retail installment contract receivables as the key credit quality indicator. As of March 31, 2022, the current and delinquent billed retail installment contract receivables were not material.</span></div>
CY2022Q1 us-gaap Contract With Customer Asset Gross
ContractWithCustomerAssetGross
90038000 USD
CY2021Q4 us-gaap Contract With Customer Asset Gross
ContractWithCustomerAssetGross
106810000 USD
CY2022Q1 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss
ContractWithCustomerAssetAccumulatedAllowanceForCreditLoss
9281000 USD
CY2021Q4 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss
ContractWithCustomerAssetAccumulatedAllowanceForCreditLoss
12300000 USD
CY2022Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
80757000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
5943403000 USD
CY2022Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
80757000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
94510000 USD
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1544747000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1304704000 USD
CY2022Q1 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
9086000 USD
CY2022Q1 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-11731000 USD
CY2022Q1 us-gaap Goodwill
Goodwill
5940758000 USD
CY2021Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 USD
CY2022Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
10685671000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
6733007000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3952664000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
10500516000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
6420165000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4080351000 USD
CY2022Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
12018671000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
6733007000 USD
CY2022Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
5285664000 USD
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
11833516000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
6420165000 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
5413351000 USD
CY2022Q1 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
185000000 USD
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
291947000 USD
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
299327000 USD
CY2022Q1 us-gaap Long Term Debt
LongTermDebt
10000112000 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
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CY2022Q1 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
15882000 USD
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
16678000 USD
CY2022Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
60654000 USD
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
64014000 USD
CY2022Q1 adt Accretionof Purchase Accounting Fair Value Adjustment Debt
AccretionofPurchaseAccountingFairValueAdjustmentDebt
152225000 USD
CY2021Q4 adt Accretionof Purchase Accounting Fair Value Adjustment Debt
AccretionofPurchaseAccountingFairValueAdjustmentDebt
156456000 USD
CY2022Q1 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
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9861667000 USD
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
9692690000 USD
CY2022Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
126363000 USD
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
117592000 USD
CY2022Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
9735304000 USD
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
9575098000 USD
CY2022Q1 adt Receivables Facility Maximum Limit
ReceivablesFacilityMaximumLimit
400000000 USD
CY2022Q1 adt Proceeds From Receivables Facility Borrowings
ProceedsFromReceivablesFacilityBorrowings
47000000 USD
CY2022Q1 adt Repayments Of Receivables Facility Borrowings
RepaymentsOfReceivablesFacilityBorrowings
21000000 USD
CY2022Q1 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
3225000000 USD
CY2022Q1 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
3225000000 USD
CY2022Q1 us-gaap Interest Rate Fair Value Hedge Asset At Fair Value
InterestRateFairValueHedgeAssetAtFairValue
26953000 USD
CY2021Q4 us-gaap Interest Rate Fair Value Hedge Liability At Fair Value
InterestRateFairValueHedgeLiabilityAtFairValue
118336000 USD
CY2022Q1 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
25000000 USD
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20000000 USD
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.274
CY2022Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022Q1 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.067
CY2022Q1 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.026
CY2022Q1 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.027
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-15000000 USD
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.233
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.028
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.028
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.016
CY2020 us-gaap Deferred Compensation Arrangement With Individual Cash Awards Granted Percentage
DeferredCompensationArrangementWithIndividualCashAwardsGrantedPercentage
0.50
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.30
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.50
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16020000 USD
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16019000 USD
CY2022Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
9000000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
911313000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
762704000 shares
CY2022Q1 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
86000000 USD
CY2021Q4 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
76000000 USD
CY2022Q1 adt Unsecured Line Of Credit Facility Maximum Borrowing Capacity
UnsecuredLineOfCreditFacilityMaximumBorrowingCapacity
75000000 USD
CY2020Q2 adt Number Of Customers Account
NumberOfCustomersAccount
200 customer
CY2022Q1 us-gaap Loss Contingency Damages Awarded Value
LossContingencyDamagesAwardedValue
500 USD
CY2021Q4 adt Number Of Customer
NumberOfCustomer
7 customer
CY2021Q4 adt Number Of Members Of Respective Households
NumberOfMembersOfRespectiveHouseholds
14 member
CY2022Q1 adt Operating Lease Rightof Use Assets Current
OperatingLeaseRightofUseAssetsCurrent
248000 USD
CY2021Q4 adt Operating Lease Rightof Use Assets Current
OperatingLeaseRightofUseAssetsCurrent
230000 USD
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
123673000 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
125945000 USD
CY2022Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
86961000 USD
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
88962000 USD
CY2022Q1 adt Leased Assets
LeasedAssets
210882000 USD
CY2021Q4 adt Leased Assets
LeasedAssets
215137000 USD
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
38469000 USD
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
37359000 USD
CY2022Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
40104000 USD
CY2021Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
38730000 USD
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
96572000 USD
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
99734000 USD
CY2022Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
50212000 USD
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
54350000 USD
CY2022Q1 adt Lease Liability
LeaseLiability
225357000 USD
CY2021Q4 adt Lease Liability
LeaseLiability
230173000 USD
CY2022Q1 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
88000000 USD
CY2021Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
78000000 USD
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
12485000 USD
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
12893000 USD
CY2022Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
9852000 USD
CY2021Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
6311000 USD
CY2022Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
831000 USD
CY2021Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
695000 USD
CY2022Q1 us-gaap Variable Lease Cost
VariableLeaseCost
23134000 USD
CY2021Q1 us-gaap Variable Lease Cost
VariableLeaseCost
12978000 USD
CY2022Q1 us-gaap Lease Cost
LeaseCost
46302000 USD
CY2021Q1 us-gaap Lease Cost
LeaseCost
32877000 USD
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
11659000 USD
CY2021Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
12539000 USD
CY2022Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
831000 USD
CY2021Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
695000 USD
CY2022Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
10691000 USD
CY2021Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
7208000 USD
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
9061000 USD
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2187000 USD
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
8217000 USD
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
8072000 USD

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