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Consolidated Statements Of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues      
Revenues $ 5,692 $ 5,636 $ 6,908
Expenses      
Commission and other agent-related costs 3,718 3,664 4,415
Operating 1,125 1,147 1,377
Marketing 195 215 252
General and administrative 392 422 388
Former parent legacy cost, net 2 18 1
Restructuring costs, net [1] 32 49 32
Impairments 20 65 483
Depreciation and amortization 198 196 214
Interest expense, net 153 151 113
(Gain) loss on the early extinguishment of debt (7) (169) 96
Other income, net 0 0 (140)
Total expenses 5,828 5,758 7,231
Loss before income taxes, equity in (earnings) losses and noncontrolling interests (136) (122) (323)
Income tax benefit (2) (15) (68)
Equity in (earnings) losses of unconsolidated entities (7) (9) 28
Net loss (127) (98) (283)
Less: Net (income) loss attributable to noncontrolling interests (1) 1 (4)
Net loss attributable to Anywhere and Anywhere Group $ (128) $ (97) $ (287)
Loss per share attributable to Anywhere shareholders:      
Basic loss per share $ (1.15) $ (0.88) $ (2.52)
Diluted loss per share $ (1.15) $ (0.88) $ (2.52)
Weighted average common and common equivalent shares of Anywhere outstanding:      
Basic 111.1 110.3 113.8
Diluted 111.1 110.3 113.8
Gross Commission Income      
Revenues      
Revenues [2] $ 4,629 $ 4,570 $ 5,538
Service revenue      
Revenues      
Revenues [3] 574 569 793
Franchise fees      
Revenues      
Revenues [4] 356 351 417
Other      
Revenues      
Revenues [5] $ 133 $ 146 $ 160
[1] Restructuring charges for the year ended December 31, 2024 include $2 million of expense related to the Reimagine25 Plan, $26 million of expense related to the Operational Efficiencies Plan and $4 million of expense related to prior restructuring plans. Restructuring charges for the year ended December 31, 2023 include $43 million of expense related to the Operational Efficiencies Plan and $6 million of expense related to prior restructuring plans. Restructuring charges for the year ended December 31, 2022 include $20 million of expense related to the Operational Efficiencies Plan and $12 million of expense related to prior restructuring plans.
[2] Gross commission income at Owned Brokerage Group is recognized at a point in time at the closing of a homesale transaction.
[3] 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.
[4] 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).
[5] Other revenue is comprised of brand marketing funds received from franchisees at Franchise Group and other miscellaneous revenues across all of the business segments.