Overview Financials News + Filings Key Docs Charts Transactions Holdings Ownership Insiders
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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-05-18 | Dec-31-17 | Dec-31-16 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 8-K | 10-K | 10-K |
| Revenues: |
| Franchise Services | | | | | | | | 781.0 |
| Company Owned Brokerage Services | | | | | | | | 64.0 |
| Relocation Services | | | | | | | | 401.0 |
| Other | | | | | | | | 4,564.0 |
| Total revenues [+] | 6,908.0 | 7,983.0 | 6,221.0 | 5,870.0 | 6,079.0 | 5,782.0 | 5,810.0 | 5,810.0 |
| Services | | | | | | 654.0 | | |
| Franchise | | | | | | 393.0 | | |
| Other | | | | | | 202.0 | | |
| Revenue growth [+] | -13.5% | 28.3% | 6.0% | -3.4% | 4.6% | | 0.0% | 1.8% |
| Franchise Services | | | | | | | | 3.4% |
| Company Owned Brokerage Services | | | | | | | | -98.5% |
| Relocation Services | | | | | | | | -3.4% |
| Title and Settlement Services | | | | | | | | 17.7% |
| Cost of goods sold [+] | 5,792.0 | 6,422.0 | 5,000.0 | 4,687.0 | 4,830.0 | 1,351.0 | 4,574.0 | 4,487.0 |
| Sales commissions and fees | 4,415.0 | 4,753.0 | 3,527.0 | 3,156.0 | 3,282.0 | | 3,230.0 | 2,945.0 |
| Other direct costs | 1,377.0 | 1,669.0 | 1,473.0 | 1,531.0 | 1,548.0 | | 1,344.0 | 1,542.0 |
| Gross profit | 1,116.0 | 1,561.0 | 1,221.0 | 1,183.0 | 1,249.0 | 4,431.0 | 1,236.0 | 1,323.0 |
| Gross margin | 16.2% | 19.6% | 19.6% | 20.2% | 20.5% | 76.6% | 21.3% | 22.8% |
| Selling, general and administrative [+] | 640.0 | 704.0 | 627.0 | 608.0 | 586.0 | 521.0 | 561.0 | 562.0 |
| Sales and marketing | 252.0 | 263.0 | 215.0 | 264.0 | 258.0 | 256.0 | 258.0 | 241.0 |
| General and administrative | 388.0 | 441.0 | 412.0 | 344.0 | 328.0 | 265.0 | 303.0 | 321.0 |
| Equity in earnings | -28.0 | 48.0 | 131.0 | 18.0 | -4.0 | | 18.0 | 12.0 |
| Other operating expenses | -21.0 | 49.0 | 132.0 | -6.0 | 21.0 | 3,297.0 | 3.0 | 2.0 |
| EBITDA [+] | 469.0 | 856.0 | 593.0 | 599.0 | 638.0 | 613.0 | 690.0 | 771.0 |
| EBITDA growth | -45.2% | 44.4% | -1.0% | -6.1% | -7.5% | | -10.5% | 0.3% |
| EBITDA margin | 6.8% | 10.7% | 9.5% | 10.2% | 10.5% | 10.6% | 11.9% | 13.3% |
| Depreciation | 118.0 | 110.0 | 109.0 | 102.0 | 98.0 | 164.0 | 85.0 | 89.0 |
| EBITA | 351.0 | 746.0 | 484.0 | 497.0 | 540.0 | 449.0 | 605.0 | 682.0 |
| EBITA margin | 5.1% | 9.3% | 7.8% | 8.5% | 8.9% | 7.8% | 10.4% | 11.7% |
| Amortization of intangibles | 96.0 | 94.0 | 77.0 | 93.0 | 97.0 | | 81.0 | 113.0 |
| EBIT [+] | 255.0 | 652.0 | 407.0 | 404.0 | 443.0 | 449.0 | 524.0 | 569.0 |
| EBIT growth | -60.9% | 60.2% | 0.7% | -8.8% | -15.5% | | -7.9% | 0.2% |
| EBIT margin | 3.7% | 8.2% | 6.5% | 6.9% | 7.3% | 7.8% | 9.0% | 9.8% |
| Non-recurring items [+] | 509.0 | 21.0 | 749.0 | 323.0 | 58.0 | 47.0 | 12.0 | 39.0 |
| Asset impairment | 483.0 | 4.0 | 682.0 | 271.0 | | | | |
| Interest expense | 113.0 | 190.0 | 246.0 | 250.0 | 190.0 | 189.0 | 157.0 | 174.0 |
| Interest expense | 113.0 | 190.0 | 246.0 | 250.0 | 190.0 | 189.0 | 157.0 | 174.0 |
| Other income (expense), net [+] | 44.0 | -6.0 | -3.0 | -5.0 | 7.0 | | 4.0 | 1.0 |
| Gain (loss) on debt retirement | 96.0 | 21.0 | 8.0 | 5.0 | -7.0 | | -5.0 | |
| Other | 140.0 | 15.0 | 5.0 | | | | -1.0 | 1.0 |
| Pre-tax income | -323.0 | 435.0 | -591.0 | -174.0 | 202.0 | 213.0 | 359.0 | 357.0 |
| Income taxes | -68.0 | 133.0 | -104.0 | 14.0 | 65.0 | 67.0 | -66.0 | 144.0 |
| Tax rate | 21.1% | 30.6% | 17.6% | | 32.2% | 31.5% | | 40.3% |
| Minority interest | 4.0 | 7.0 | 4.0 | 3.0 | 3.0 | | 3.0 | 4.0 |
| Earnings from continuing ops | -287.0 | 343.0 | -360.0 | -188.0 | 137.0 | 146.0 | 425.0 | 213.0 |
| Earnings from discontinued ops | | | | | | -6.0 | 6.0 | |
| Net income | -287.0 | 343.0 | -360.0 | -188.0 | 137.0 | 140.0 | 431.0 | 213.0 |
| Net margin | -4.2% | 4.3% | -5.8% | -3.2% | 2.3% | 2.4% | 7.4% | 3.7% |
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| Basic EPS [+] | ($2.52) | $2.95 | ($3.13) | ($1.65) | $1.10 | $1.17 | $3.11 | $1.47 |
| Growth | -185.6% | -194.3% | 89.8% | -249.0% | -64.5% | | 110.9% | 17.4% |
| Diluted EPS [+] | ($2.52) | $2.85 | ($3.13) | ($1.65) | $1.09 | $1.17 | $3.07 | $1.46 |
| Growth | -188.4% | -191.3% | 89.8% | -250.6% | -64.4% | | 110.2% | 17.6% |
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| Dividends per share [+] | | | | $0.27 | $0.36 | | $0.36 | $0.18 |
| Growth | | | -100.0% | -25.0% | 0.0% | | 100.0% | |
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| Shares outstanding (basic) [+] | 113.8 | 116.4 | 115.2 | 114.2 | 124.0 | 125.3 | 136.7 | 144.5 |
| Growth | -2.2% | 1.0% | 0.9% | -7.9% | -9.3% | | -5.4% | -1.4% |
| Shares outstanding (diluted) [+] | 113.8 | 120.2 | 115.2 | 114.2 | 125.3 | 125.3 | 138.4 | 145.8 |
| Growth | -5.3% | 4.3% | 0.9% | -8.9% | -9.5% | | -5.1% | -1.6% |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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