Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Frontdoor.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.84B | $1.78B | $1.66B | $1.60B | $1.47B | $1.36B | $1.26B | $1.16B | $1.02B | $917.00M |
| Cost of Revenue | $891.00M | $932.00M | $986.00M | $853.00M | $792.00M | $711.00M | $706.00M | $589.00M | $526.00M | $467.00M |
| Gross Profit | $952.00M | $848.00M | $676.00M | $749.00M | $682.00M | $654.00M | $552.00M | $568.00M | $494.00M | $450.00M |
| Gross Profit Ratio | 53.77% | 49.70% | 42.72% | 48.90% | 48.61% | 49.67% | 45.47% | 49.09% | 48.43% | 49.07% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $312.00M | $286.00M | $256.00M |
| Selling General and Administrative Expenses | $595.00M | $581.00M | $522.00M | $509.00M | $467.00M | $388.00M | $338.00M | $312.00M | $286.00M | $256.00M |
| Other Expenses | $- | $- | $- | $- | $- | $- | $- | $-2.00M | $-3.00M | $-2.00M |
| Operating Expenses | $595.00M | $581.00M | $522.00M | $509.00M | $467.00M | $388.00M | $338.00M | $329.00M | $300.00M | $265.00M |
| Cost and Expenses | $1.49B | $1.51B | $1.51B | $1.36B | $1.26B | $1.10B | $1.04B | $918.00M | $826.00M | $732.00M |
| Interest Income | $20.00M | $16.00M | $4.00M | $1.00M | $2.00M | $6.00M | $4.00M | $3.00M | $2.00M | $- |
| Interest Expense | $48.00M | $47.00M | $26.00M | $29.00M | $48.00M | $59.00M | $23.00M | $1.00M | $- | $- |
| Depreciation and Amortization | $51.00M | $37.00M | $34.00M | $35.00M | $34.00M | $24.00M | $20.00M | $17.00M | $14.00M | $9.00M |
| EBITDA | $408.00M | $311.00M | $153.00M | $232.00M | $231.00M | $287.00M | $210.00M | $238.00M | $206.00M | $190.00M |
| EBITDA Ratio | 21.05% | 17.19% | 11.55% | 17.23% | 16.88% | 20.95% | 18.60% | 22.13% | 20.39% | 20.72% |
| Operating Income | $357.00M | $267.00M | $154.00M | $240.00M | $215.00M | $266.00M | $214.00M | $239.00M | $194.00M | $185.00M |
| Operating Income Ratio | 20.56% | 17.08% | 9.51% | 15.04% | 14.58% | 19.19% | 17.01% | 20.66% | 19.02% | 20.17% |
| Total Other Income Expenses Net | $-48.00M | $-40.00M | $-61.00M | $-72.00M | $-66.00M | $-62.00M | $-47.00M | $-19.00M | $1.00M | $-4.00M |
| Income Before Tax | $309.00M | $227.00M | $93.00M | $168.00M | $149.00M | $204.00M | $167.00M | $220.00M | $196.00M | $189.00M |
| Income Before Tax Ratio | 16.77% | 12.87% | 5.60% | 10.49% | 10.10% | 14.95% | 13.20% | 19.01% | 19.22% | 20.61% |
| Income Tax Expense | $74.00M | $56.00M | $22.00M | $39.00M | $37.00M | $51.00M | $42.00M | $60.00M | $71.00M | $69.00M |
| Net Income | $235.00M | $171.00M | $71.00M | $128.00M | $112.00M | $153.00M | $125.00M | $160.00M | $124.00M | $120.00M |
| Net Income Ratio | 12.75% | 9.61% | 4.27% | 7.99% | 7.59% | 11.21% | 9.94% | 13.83% | 12.16% | 13.09% |
| EPS | $3.05 | $2.12 | $0.87 | $1.50 | $1.31 | $1.81 | $1.48 | $1.89 | $1.47 | $1.42 |
| EPS Diluted | $3.01 | $2.11 | $0.87 | $1.50 | $1.31 | $1.80 | $1.48 | $1.89 | $1.46 | $1.42 |
| Weighted Average Shares Outstanding | 77.00M | 80.50M | 81.80M | 85.10M | 85.20M | 84.70M | 84.50M | 84.50M | 84.50M | 84.30M |
| Weighted Average Shares Outstanding Diluted | 78.00M | 80.90M | 82.00M | 85.50M | 85.50M | 84.90M | 84.70M | 84.70M | 84.70M | 84.80M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $421.00M | $325.00M | $292.00M | $262.00M | $597.00M | $428.00M | $296.00M | $282.00M | $168.00M |
| Short Term Investments | $15.00M | $- | $6.00M | $- | $- | $7.00M | $9.00M | $25.00M | $25.00M |
| Cash and Short Term Investments | $436.00M | $325.00M | $292.00M | $262.00M | $597.00M | $435.00M | $305.00M | $307.00M | $193.00M |
| Net Receivables | $10.00M | $6.00M | $5.00M | $7.00M | $5.00M | $11.00M | $12.00M | $406.00M | $372.00M |
| Inventory | $- | $- | $-6.00M | $25.00M | $- | $16.00M | $- | $- | $- |
| Other Current Assets | $42.00M | $32.00M | $33.00M | $26.00M | $24.00M | $31.00M | $13.00M | $28.00M | $29.00M |
| Total Current Assets | $488.00M | $363.00M | $330.00M | $295.00M | $626.00M | $461.00M | $330.00M | $741.00M | $594.00M |
| Property Plant Equipment Net | $81.00M | $63.00M | $77.00M | $83.00M | $75.00M | $68.00M | $47.00M | $30.00M | $24.00M |
| Goodwill | $967.00M | $503.00M | $503.00M | $512.00M | $512.00M | $501.00M | $476.00M | $476.00M | $471.00M |
| Intangible Assets | $448.00M | $143.00M | $148.00M | $159.00M | $170.00M | $191.00M | $158.00M | $165.00M | $176.00M |
| Goodwill and Intangible Assets | $1.42B | $646.00M | $651.00M | $671.00M | $682.00M | $692.00M | $634.00M | $641.00M | $647.00M |
| Long Term Investments | $38.00M | $2.00M | $4.00M | $- | $- | $- | $- | $2.00M | $5.00M |
| Tax Assets | $- | $- | $-4.00M | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $85.00M | $15.00M | $24.00M | $21.00M | $22.00M | $29.00M | $31.00M | $1.00M | $4.00M |
| Total Non-Current Assets | $1.62B | $726.00M | $752.00M | $775.00M | $779.00M | $789.00M | $712.00M | $674.00M | $680.00M |
| Other Assets | $- | $- | $- | $-1.00M | $- | $- | $-1.00M | $1.00M | $2.00M |
| Total Assets | $2.11B | $1.09B | $1.08B | $1.07B | $1.41B | $1.25B | $1.04B | $1.42B | $1.28B |
| Account Payables | $71.00M | $76.00M | $80.00M | $66.00M | $55.00M | $48.00M | $41.00M | $33.00M | $28.00M |
| Short Term Debt | $29.00M | $17.00M | $17.00M | $17.00M | $7.00M | $7.00M | $7.00M | $9.00M | $4.00M |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $123.00M | $102.00M | $121.00M | $155.00M | $187.00M | $188.00M | $185.00M | $573.00M | $528.00M |
| Other Current Liabilities | $146.00M | $136.00M | $146.00M | $140.00M | $154.00M | $121.00M | $112.00M | $91.00M | $609.00M |
| Total Current Liabilities | $369.00M | $331.00M | $364.00M | $378.00M | $403.00M | $364.00M | $345.00M | $705.00M | $641.00M |
| Long Term Debt | $1.19B | $593.00M | $610.00M | $627.00M | $986.00M | $993.00M | $977.00M | $- | $10.00M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $49.00M | $25.00M | $39.00M | $41.00M | $38.00M | $45.00M | $39.00M | $38.00M | $56.00M |
| Other Non-Current Liabilities | $260.00M | $4.00M | $8.00M | $20.00M | $39.00M | $27.00M | $23.00M | $11.00M | $65.00M |
| Total Non-Current Liabilities | $1.50B | $622.00M | $657.00M | $688.00M | $1.06B | $1.06B | $1.04B | $50.00M | $75.00M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $1.87B | $953.00M | $1.02B | $1.07B | $1.47B | $1.43B | $1.38B | $755.00M | $716.00M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M | $661.00M | $560.00M |
| Retained Earnings | $530.00M | $296.00M | $124.00M | $53.00M | $-75.00M | $-188.00M | $-336.00M | $- | $- |
| Accumulated Other Comprehensive Income Loss | $- | $6.00M | $8.00M | $-18.00M | $-33.00M | $-21.00M | $-9.00M | $- | $- |
| Other Total Stockholders Equity | $-292.00M | $-166.00M | $-72.00M | $-34.00M | $46.00M | $29.00M | $- | $- | $- |
| Total Stockholders Equity | $239.00M | $137.00M | $61.00M | $3.00M | $-61.00M | $-179.00M | $-343.00M | $661.00M | $560.00M |
| Total Equity | $239.00M | $137.00M | $61.00M | $3.00M | $-61.00M | $-179.00M | $-343.00M | $661.00M | $560.00M |
| Total Liabilities and Stockholders Equity | $2.11B | $1.09B | $1.08B | $1.07B | $1.41B | $1.25B | $1.04B | $1.42B | $1.28B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $2.11B | $1.09B | $1.08B | $1.07B | $1.41B | $1.25B | $1.04B | $1.42B | $1.28B |
| Total Investments | $53.00M | $2.00M | $4.00M | $- | $- | $7.00M | $9.00M | $27.00M | $30.00M |
| Total Debt | $1.22B | $610.00M | $627.00M | $644.00M | $993.00M | $1.00B | $984.00M | $9.00M | $14.00M |
| Net Debt | $798.00M | $285.00M | $335.00M | $382.00M | $396.00M | $572.00M | $688.00M | $-273.00M | $-154.00M |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $235.00M | $171.00M | $71.00M | $128.00M | $112.00M | $153.00M | $125.00M | $160.00M | $124.00M | $120.00M |
| Depreciation and Amortization | $39.00M | $37.00M | $34.00M | $35.00M | $34.00M | $24.00M | $20.00M | $17.00M | $14.00M | $9.00M |
| Deferred Income Tax | $- | $-13.00M | $-10.00M | $-2.00M | $- | $-1.00M | $7.00M | $-19.00M | $1.00M | $3.00M |
| Stock Based Compensation | $26.00M | $26.00M | $22.00M | $25.00M | $17.00M | $9.00M | $4.00M | $4.00M | $4.00M | $4.00M |
| Change in Working Capital | $-36.00M | $-32.00M | $-5.00M | $-38.00M | $38.00M | $11.00M | $32.00M | $31.00M | $12.00M | $4.00M |
| Accounts Receivables | $1.00M | $- | $2.00M | $-2.00M | $6.00M | $1.00M | $4.00M | $-33.00M | $-40.00M | $-35.00M |
| Inventory | $- | $- | $- | $2.00M | $-6.00M | $-1.00M | $15.00M | $15.00M | $- | $- |
| Accounts Payables | $-7.00M | $-4.00M | $15.00M | $10.00M | $7.00M | $7.00M | $8.00M | $5.00M | $- | $- |
| Other Working Capital | $-30.00M | $-28.00M | $-22.00M | $-48.00M | $31.00M | $4.00M | $5.00M | $44.00M | $52.00M | $39.00M |
| Other Non Cash Items | $6.00M | $13.00M | $30.00M | $37.00M | $6.00M | $4.00M | $1.00M | $1.00M | $3.00M | $-5.00M |
| Net Cash Provided by Operating Activities | $270.00M | $202.00M | $142.00M | $185.00M | $207.00M | $200.00M | $189.00M | $194.00M | $155.00M | $135.00M |
| Investments in Property Plant and Equipment | $-39.00M | $-32.00M | $-40.00M | $-31.00M | $-32.00M | $-22.00M | $-27.00M | $-15.00M | $-11.00M | $-7.00M |
| Acquisitions Net | $-583.00M | $- | $- | $- | $-5.00M | $-38.00M | $- | $- | $-87.00M | $- |
| Purchases of Investments | $- | $- | $- | $- | $-2.00M | $-7.00M | $-15.00M | $-44.00M | $-6.00M | $-6.00M |
| Sales Maturities of Investments | $- | $- | $- | $- | $9.00M | $9.00M | $32.00M | $48.00M | $49.00M | $32.00M |
| Other Investing Activities | $- | $- | $5.00M | $- | $-1.00M | $-3.00M | $17.00M | $4.00M | $43.00M | $26.00M |
| Net Cash Used for Investing Activities | $-622.00M | $-32.00M | $-35.00M | $-31.00M | $-31.00M | $-61.00M | $-10.00M | $-11.00M | $-55.00M | $19.00M |
| Debt Repayment | $618.00M | $-17.00M | $-17.00M | $-385.00M | $-7.00M | $-7.00M | $-10.00M | $-5.00M | $-1.00M | $-1.00M |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $-161.00M | $-121.00M | $-59.00M | $-103.00M | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $-10.00M | $1.00M | $-1.00M | $-1.00M | $- | $- | $-155.00M | $-63.00M | $-87.00M | $-99.00M |
| Net Cash Used Provided by Financing Activities | $447.00M | $-137.00M | $-77.00M | $-489.00M | $-7.00M | $-7.00M | $-165.00M | $-68.00M | $-88.00M | $-100.00M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $-1.00M | $- | $-1.00M |
| Net Change in Cash | $96.00M | $33.00M | $30.00M | $-335.00M | $169.00M | $132.00M | $14.00M | $114.00M | $12.00M | $53.00M |
| Cash at End of Period | $421.00M | $325.00M | $292.00M | $262.00M | $597.00M | $428.00M | $296.00M | $282.00M | $168.00M | $156.00M |
| Cash at Beginning of Period | $325.00M | $292.00M | $262.00M | $597.00M | $428.00M | $296.00M | $282.00M | $168.00M | $156.00M | $103.00M |
| Operating Cash Flow | $270.00M | $202.00M | $142.00M | $185.00M | $207.00M | $200.00M | $189.00M | $194.00M | $155.00M | $135.00M |
| Capital Expenditure | $-39.00M | $-32.00M | $-40.00M | $-31.00M | $-32.00M | $-22.00M | $-27.00M | $-15.00M | $-11.00M | $-7.00M |
| Free Cash Flow | $231.00M | $170.00M | $102.00M | $154.00M | $175.00M | $178.00M | $162.00M | $179.00M | $144.00M | $128.00M |