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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating Activities    
Net income (loss) $ (50) $ (71)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 95 103
Deferred income taxes (16) (19)
Impairments 6 8
Amortization of deferred financing costs and debt premium 4 4
Gain on the early extinguishment of debt (2) 0
Loss (gain) on the sale of businesses, investments or other assets, net (4) 0
Income (Loss) from Equity Method Investments (4) (2)
Stock-based compensation 9 8
Other adjustments to net loss (2) (2)
Net change in assets and liabilities, excluding the impact of acquisitions and dispositions:    
Trade receivables (20) (21)
Relocation receivables (105) (71)
Other assets 7 40
Accounts payable, accrued expenses and other liabilities (53) (52)
Dividends received from unconsolidated entities 10 1
Other, net (8) (9)
Net cash used in operating activities (133) (83)
Investing Activities    
Property and equipment additions (43) (36)
Net proceeds from the sale of businesses 1 0
Proceeds from the sale of investments in unconsolidated entities 6 0
Other, net 6 1
Net cash used in investing activities (30) (35)
Financing Activities    
Net change in Revolving Credit Facility 120 125
Proceeds from issuance of Senior Secured Second Lien Notes 500 0
Repurchases of Exchangeable Senior Notes (339) 0
Amortization payments on term loan facilities 0 (10)
Net change in securitization obligations 40 37
Debt issuance costs (9) 0
Cash paid for fees associated with early extinguishment of debt (2) 0
Taxes paid related to net share settlement for stock-based compensation (2) (3)
Proceeds from sale of equity interest in certain title and escrow entities 19 0
Other, net (11) (13)
Net cash provided by financing activities 316 136
Effect of changes in exchange rates on cash, cash equivalents and restricted cash 1 0
Net increase in cash, cash equivalents and restricted cash 154 18
Cash, cash equivalents and restricted cash, beginning of period 124 119
Cash, cash equivalents and restricted cash, end of period 278 137
Supplemental Disclosure of Cash Flow Information    
Payments to Acquire Retained Interest in Securitized Receivables 4 4
Interest Paid, Excluding Capitalized Interest, Operating Activity 81 79
Income tax (refunds) payments, net $ (27) $ 1