$FTDR
Frontdoor, Inc.

2018 Q4 Form 10-Q Financial Statement

#000172726318000018 Filed on November 06, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2018 Q2
Revenue $279.0M $377.0M $355.0M
YoY Change 8.14% 8.96% 8.9%
Cost Of Revenue $154.0M $202.0M $195.0M
YoY Change 13.24% 20.24% 18.18%
Gross Profit $125.0M $176.0M $159.0M
YoY Change 2.46% -1.68% -1.24%
Gross Profit Margin 44.8% 46.68% 44.79%
Selling, General & Admin $79.00M $90.00M $87.00M
YoY Change 9.72% 9.76% 7.41%
% of Gross Profit 63.2% 51.14% 54.72%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.000M $5.000M $5.000M
YoY Change 50.0% 0.0% 25.0%
% of Gross Profit 4.8% 2.84% 3.14%
Operating Expenses $86.00M $90.00M $87.00M
YoY Change 8.86% 9.76% 1.16%
Operating Profit $39.00M $86.00M $72.00M
YoY Change -9.3% -11.34% -4.0%
Interest Expense -$15.00M $7.000M $0.00
YoY Change -850.0% 250.0% -100.0%
% of Operating Profit -38.46% 8.14% 0.0%
Other Income/Expense, Net $0.00
YoY Change -100.0%
Pretax Income $23.00M $65.00M $60.00M
YoY Change -37.84% -21.69% -21.05%
Income Tax $6.000M $16.00M $15.00M
% Of Pretax Income 26.09% 24.62% 25.0%
Net Earnings $17.00M $49.00M $45.00M
YoY Change -60.47% -7.55% -6.25%
Net Earnings / Revenue 6.09% 13.0% 12.68%
Basic Earnings Per Share $0.58 $0.53
Diluted Earnings Per Share $199.3K $0.58 $0.53
COMMON SHARES
Basic Shares Outstanding 84.54M 84.50M 84.50M
Diluted Shares Outstanding 84.50M 84.50M

Balance Sheet

Concept 2018 Q4 2018 Q3 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $305.0M $314.0M $339.0M
YoY Change
Cash & Equivalents $296.0M $305.0M $314.0M
Short-Term Investments $9.000M $9.000M $25.00M
Other Short-Term Assets $13.00M $7.000M $10.00M
YoY Change
Inventory
Prepaid Expenses
Receivables $12.00M $11.00M $17.00M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $330.0M $361.0M $366.0M
YoY Change -55.47%
LONG-TERM ASSETS
Property, Plant & Equipment $47.00M $46.00M $43.00M
YoY Change 51.61%
Goodwill $476.0M $476.0M
YoY Change 0.0%
Intangibles $158.0M $160.0M
YoY Change -4.24%
Long-Term Investments $0.00 $0.00 $2.000M
YoY Change
Other Assets $10.00M $3.000M $21.00M
YoY Change 900.0%
Total Long-Term Assets $711.0M $704.0M $703.0M
YoY Change 5.33%
TOTAL ASSETS
Total Short-Term Assets $330.0M $361.0M $366.0M
Total Long-Term Assets $711.0M $704.0M $703.0M
Total Assets $1.041B $1.065B $1.069B
YoY Change -26.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $41.00M $45.00M $47.00M
YoY Change 24.24%
Accrued Expenses $112.0M $101.0M $118.0M
YoY Change
Deferred Revenue $185.0M $176.0M
YoY Change -67.71%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $7.000M $9.000M $2.000M
YoY Change
Total Short-Term Liabilities $345.0M $476.0M $356.0M
YoY Change -51.06%
LONG-TERM LIABILITIES
Long-Term Debt $977.0M $978.0M $0.00
YoY Change
Other Long-Term Liabilities $24.00M $6.000M $14.00M
YoY Change 118.18%
Total Long-Term Liabilities $24.00M $6.000M $14.00M
YoY Change 118.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $345.0M $476.0M $356.0M
Total Long-Term Liabilities $24.00M $6.000M $14.00M
Total Liabilities $1.385B $482.0M $412.0M
YoY Change 93.44%
SHAREHOLDERS EQUITY
Retained Earnings -$336.0M
YoY Change
Common Stock $1.000M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$344.0M -$439.0M $657.0M
YoY Change
Total Liabilities & Shareholders Equity $1.041B $1.065B $1.069B
YoY Change -26.48%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2018 Q2
OPERATING ACTIVITIES
Net Income $17.00M $49.00M $45.00M
YoY Change -60.47% -7.55% -6.25%
Depreciation, Depletion And Amortization $6.000M $5.000M $5.000M
YoY Change 50.0% 0.0% 25.0%
Cash From Operating Activities $64.00M $2.000M $73.00M
YoY Change 12.28% -92.0% 14.06%
INVESTING ACTIVITIES
Capital Expenditures -$6.000M -$4.000M -$12.00M
YoY Change 0.0% 33.33% 300.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $17.00M $0.00
YoY Change -100.0% -15.0% -100.0%
Cash From Investing Activities -$6.000M $13.00M -$12.00M
YoY Change -62.5% -23.53% 100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -67.00M -24.00M -37.00M
YoY Change 346.67% 100.0% 8.82%
NET CHANGE
Cash From Operating Activities 64.00M 2.000M 73.00M
Cash From Investing Activities -6.000M 13.00M -12.00M
Cash From Financing Activities -67.00M -24.00M -37.00M
Net Change In Cash -9.000M -9.000M 24.00M
YoY Change -134.62% -130.0% 0.0%
FREE CASH FLOW
Cash From Operating Activities $64.00M $2.000M $73.00M
Capital Expenditures -$6.000M -$4.000M -$12.00M
Free Cash Flow $70.00M $6.000M $85.00M
YoY Change 11.11% -78.57% 26.87%

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