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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues [Abstract]    
Net revenues [1] $ 1,131 $ 1,635
Expenses    
Commission and other agent-related costs 723 988
Operating 286 406
Marketing 49 64
General and administrative 123 98
Former parent legacy cost, net [2] 16 0
Restructuring costs, net [3],[4] 25 4
Impairments [5] 4 0
Depreciation and amortization 50 51
Interest expense, net 38 18
Loss on the early extinguishment of debt [2] 0 92
Other income, net (1) (131)
Total expenses 1,313 1,590
(Loss) income before income taxes, equity in losses and noncontrolling interests (182) 45
Income tax (benefit) expense (46) 12
Equity in losses of unconsolidated entities 2 10
Net (loss) income (138) 23
Less: Net income attributable to noncontrolling interests 0 0
Net (loss) income attributable to Anywhere and Anywhere Group $ (138) $ 23
(Loss) earnings per share attributable to Anywhere shareholders:    
Basic (loss) earnings per share $ (1.26) $ 0.20
Diluted (loss) earnings per share $ (1.26) $ 0.19
Weighted average common and common equivalent shares of Anywhere outstanding:    
Basic 109.8 117.1
Diluted 109.8 120.4
Gross commission income    
Revenues [Abstract]    
Net revenues [6] $ 903 $ 1,247
Service revenue    
Revenues [Abstract]    
Net revenues [7] 127 246
Franchise fees    
Revenues [Abstract]    
Net revenues [8] 69 99
Other    
Revenues [Abstract]    
Net revenues [9] $ 32 $ 43
[1] Transactions between segments are eliminated in consolidation. Revenues for Franchise Group include intercompany royalties and marketing fees paid by Owned Brokerage Group of $63 million and $86 million for the three months ended March 31, 2023 and 2022, respectively. Such amounts are eliminated through the Corporate and Other line.
[2] Former parent legacy items and Loss on the early extinguishment of debt are recorded in Corporate and Other. Former parent legacy cost relates to recent developments in a legacy tax matter in the first quarter of 2023.
[3] (b)The three months ended March 31, 2023 includes restructuring charges of $6 million at Franchise Group, $14 million at Owned Brokerage Group and $5 million at Corporate and Other.The three months ended March 31, 2022 includes restructuring charges of $1 million at Franchise Group, $2 million at Owned Brokerage Group and $1 million at Corporate and Other.
[4] Restructuring charges for the three months ended March 31, 2023 include $23 million of expense related to the Operational Efficiencies Plan and $2 million of expense related to prior restructuring plans. Restructuring charges for the three months ended March 31, 2022 related to prior restructuring plans.
[5] Impairments primarily relate to non-cash lease asset impairments.
[6] Gross commission income at Owned Brokerage Group is recognized at a point in time at the closing of a homesale transaction
[7] Service revenue primarily consists of title and escrow fees at Title Group and are recognized at a point in time at the closing of a homesale transaction. Service revenue at Franchise Group includes relocation fees, which are recognized as revenue when or as the related performance obligation is satisfied dependent on the type of service performed, and fees related to leads and related services, which are recognized at a point in time at the closing of a homesale transaction or at the completion of the related service.
[8] Franchise fees at Franchise Group primarily include domestic royalties which are recognized at a point in time when the underlying franchisee revenue is earned (upon close of the homesale transaction).
[9] Other revenue is comprised of brand marketing funds received from franchisees at Franchise Group and other miscellaneous revenues across all of the business segments.