Frontdoor, Inc. (FTDR) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16
	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Total revenues	1,662	1,602	1,474	1,365	1,258	1,157	1,020
Revenue growth	3.7%	8.7%	8.0%	8.5%	8.7%	13.4%
Cost of goods sold	952	818	758	687	686	589	526
Gross profit	710	784	716	678	572	568	494
Gross margin	42.7%	48.9%	48.6%	49.7%	45.5%	49.1%	48.4%
Selling, general and administrative	14						286
Other operating expenses	588	611	563	480	408	350	12
EBITDA [+]	142	208	187	222	185	235	210
EBITDA growth	-31.7%	11.2%	-15.8%	20.0%	-21.3%	11.9%
EBITDA margin	8.5%	13.0%	12.7%	16.3%	14.7%	20.3%	20.6%
Depreciation	27	24	22	18	13	9	8
EBITA	115	184	165	204	172	226	202
EBITA margin	6.9%	11.5%	11.2%	14.9%	13.7%	19.5%	19.8%
Amortization of intangibles	7	11	12	6	8	8	6
EBIT [+]	108	173	153	198	164	218	196
EBIT growth	-37.6%	13.1%	-22.7%	20.7%	-24.8%	11.2%
EBIT margin	6.5%	10.8%	10.4%	14.5%	13.0%	18.8%	19.2%
Non-recurring items [+]	14						3
Asset impairment	14
Interest expense, net [+]				-6	-2	-2	-2
Interest expense	31	39	57	62	23	1
Interest income				6	2	2	2
Other income (expense), net [+]	30	34	53	62	23	1	1
Other non-ooperating expenses							1
Pre-tax income	93	168	149	204	166	220	196
Income taxes	22	39	37	51	42	60	71
Tax rate	23.7%	23.2%	24.8%	25.0%	25.3%	27.3%	36.2%
Net income	71	128	112	153	125	160	124
Net margin	4.3%	8.0%	7.6%	11.2%	9.9%	13.8%	12.2%

Basic EPS [+]	$0.87	$1.50	$1.31	$1.81	$1.48	$1.89	$1.47
Growth	-42.3%	14.4%	-27.2%	22.1%	-21.9%	29.0%
Diluted EPS [+]	$0.87	$1.50	$1.31	$1.80	$1.48	$1.89	$1.47
Growth	-42.2%	14.3%	-27.3%	22.1%	-22.1%	29.0%

Dividends per share [+]							$1.03
Growth						-100.0%

Shares outstanding (basic) [+]	82	85	85	85	85	85	85
Growth	-3.9%	-0.1%	0.6%	0.2%	0.0%	0.0%
Shares outstanding (diluted) [+]	82	86	86	85	85	85	85
Growth	-4.1%	0.0%	0.7%	0.2%	0.2%	0.0%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.