For the year ending 2025-12-31, ADT had -$95,525K decrease in cash & cash equivalents over the period. $1,708,416K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | 5,128,607 | 4,898,446 | - | - |
| Customer service costs | 432,963 | 409,680 | - | - |
| Maintenance costs | 209,307 | 207,706 | - | - |
| Security installation, product, and other costs-Security Installation Product And Other | 340,702 | 229,728 | - | - |
| Selling costs, including commissions | 183,663 | 185,417 | - | - |
| Amortization of deferred subscriber acquisition costs | 252,553 | 224,647 | - | - |
| Advertising costs | 97,820 | 105,366 | - | - |
| Provision for credit losses | 197,431 | 187,361 | - | - |
| Other general and administrative costs | 647,499 | 708,979 | - | - |
| Share-based compensation | 54,553 | 48,745 | - | - |
| Depreciation and intangible asset amortization | 1,367,216 | 1,342,798 | - | - |
| Interest expense | 469,909 | 450,939 | - | - |
| Income tax benefit (expense) | 233,294 | 195,780 | - | - |
| Total significant segment expenses | 4,486,910 | 4,297,146 | - | - |
| Other items in sg&a | 35,999 | 15,831 | - | - |
| Other, net | 5,180 | -33,921 | - | - |
| Total other segment items | 41,179 | -18,090 | - | - |
| Income (loss) from discontinued operations, net of tax | -4,567 | -118,337 | - | - |
| Net income (loss) | 595,951 | 501,053 | 463,009 | 172,618 |
| Depreciation and intangible asset amortization | 1,367,234 | 1,344,696 | 1,388,671 | - |
| Amortization of deferred subscriber acquisition costs | 252,553 | 224,647 | 195,794 | - |
| Amortization of deferred subscriber acquisition revenue | 358,413 | 346,209 | 308,604 | - |
| Depreciation and intangible asset amortization | - | - | - | 1,693,575 |
| Amortization of deferred subscriber acquisition costs | - | - | - | 162,981 |
| Amortization of deferred subscriber acquisition revenue | - | - | - | 244,141 |
| Total share-based compensation expense | 54,553 | 48,613 | 51,137 | 66,566 |
| Deferred income taxes | 141,654 | 139,583 | 125,235 | 31,209 |
| Provision for losses on receivables and inventory | 201,825 | 214,802 | 151,065 | 113,869 |
| Loss on extinguishment of debt | -18,850 | -4,802 | -16,621 | 0 |
| Goodwill, intangible, and other asset impairments | 15,129 | 24,313 | 528,556 | 154,543 |
| (gain) loss on sales of businesses | 0 | -9,557 | 649,095 | - |
| Unrealized (gain) loss on interest rate swap contracts | -71,445 | -45,160 | -38,497 | 301,851 |
| Change in fair value of other financial instruments | - | 0 | 0 | -63,396 |
| Other non-cash items, net | 72,846 | -34,089 | 100,087 | 124,460 |
| Accounts receivable, net | 143,668 | 146,134 | 107,464 | 178,258 |
| Deferred subscriber acquisition revenue | - | 252,274 | 289,534 | 329,214 |
| Contract assets, net | - | - | - | -36,807 |
| Long-term retail installment contracts | -140,564 | -211,731 | -184,925 | -142,811 |
| Inventories and work-in-progress | - | -25,072 | -24,732 | 67,391 |
| Other assets | 40,578 | 109,839 | - | - |
| Accounts payable | -51,818 | -109,330 | -111,529 | 8,662 |
| Accrued interest | 115,130 | 88,860 | 128,042 | - |
| Accrued and other liabilities | -102,932 | 40,944 | -83,041 | - |
| Deferred subscriber acquisition costs | -380,529 | -365,841 | -386,518 | -393,861 |
| Deferred subscriber acquisition revenue | 224,783 | - | - | - |
| Other, net | 80,156 | 2,046 | 125,844 | 27,289 |
| Net cash provided by (used in) operating activities | 1,884,163 | 1,884,899 | 1,657,726 | 1,887,920 |
| Dealer generated customer accounts and bulk account purchases | 596,483 | 585,809 | 588,638 | 621,695 |
| Subscriber system asset expenditures | 395,986 | 523,146 | 630,535 | 734,639 |
| Purchases of property and equipment | 175,747 | 163,805 | 176,353 | 176,660 |
| Acquisition of businesses, net of cash acquired | - | - | 0 | 13,095 |
| Proceeds (payments) from divestiture of businesses | 50,557 | -17,506 | 1,609,347 | 26,749 |
| Proceeds (payments) from interest rate swaps | 2,363 | 8,268 | - | - |
| Other investing, net | -2,248 | -3,106 | -28,672 | 13,444 |
| Net cash provided by (used in) investing activities | -1,117,774 | -1,295,428 | 242,493 | -1,532,784 |
| Proceeds from issuance of common stock, net of expenses | - | 0 | 0 | 1,180,000 |
| Proceeds from long-term borrowings | 2,952,072 | 1,068,907 | 867,178 | 550,035 |
| Proceeds from receivables facility | 269,010 | 228,569 | 281,647 | 276,826 |
| Repurchases of common stock, including excise tax | 606,767 | 240,556 | 0 | 1,200,000 |
| Repayment of long-term borrowings, including call premiums | 3,012,376 | 1,186,045 | 2,961,798 | 605,059 |
| Repayment of receivables facility | 233,853 | 256,672 | 200,385 | 121,061 |
| Dividends on common stock | 186,774 | 182,266 | 128,587 | 127,125 |
| Payments on finance leases | 30,209 | 29,023 | 43,733 | 44,978 |
| Proceeds (payments) from opportunity fund | -77,876 | -6,895 | -8,746 | 100,802 |
| Proceeds (payments) from interest rate swaps | -66,900 | -93,040 | -82,750 | 18,841 |
| Other financing, net | -2,041 | -4,415 | -32,175 | -5,432 |
| Net cash provided by (used in) financing activities | -861,914 | -515,356 | -2,143,849 | -14,833 |
| Net increase (decrease) during the period | -95,525 | 74,115 | -243,630 | 340,303 |
| Beginning balance | 204,065 | 129,950 | 373,580 | 33,277 |
| Ending balance | 108,540 | 204,065 | 129,950 | 373,580 |
ADT Inc. (ADT)
ADT Inc. (ADT)