Company: HOUS
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001398987-25-000020
Chunk: 17

Company: Anywhere Real Estate Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7
Chunk 17
---
 to the transformation of the back-office operations and a $5 million increase in variable operating costs related to higher revenue. Operating EBITDA from equity in earnings decreased $5 million primarily related to the Title Insurance Underwriter Joint Venture.

FINANCIAL CONDITION, LIQUIDITY AND CAPITAL RESOURCES

Financial ConditionDecember 31, 2024December 31, 2023ChangeTotal assets$5,636 $5,839 $(203)Total liabilities4,066 4,158 (92)Total equity1,570 1,681 (111)

For the year ended December 31, 2024, total assets decreased $203 million primarily due to:

•an $89 million net decrease in franchise agreements and other amortizable intangible assets primarily due to amortization;

•a $49 million net decrease in operating lease assets primarily due to asset depreciation;

•a $45 million net decrease in other current and non-current assets primarily due to prepaid contracts and independent sales agent incentives; and

•a $33 million net decrease in property and equipment primarily due to asset depreciation.

59

Total liabilities decreased $92 million primarily due to:

•a $57 million decrease in operating lease liabilities;

•a $21 million decrease in other non-current liabilities primarily due to payment of long-term contracts;

•a $21 million net decrease in corporate debt primarily related to repayment of Term Loan A Facility and repurchases of Unsecured Notes that occurred during the third quarter of 2024, partially offset by additional borrowings under the Revolving Credit Facility as of December 31, 2024 (see Note 9, "Short and Long-Term Debt", to the Consolidated Financial Statements for further details); and

•a $20 million decrease in accrued expenses and other current liabilities, primarily due to payments of previously accrued legal matters,

partially offset by a $25 million increase in securitization obligations.

Total equity decreased $111 million primarily due to a net loss of $128 million, partially offset by a $14 million increase in additional paid-in capital related to the Company's stock-based compensation activity for the year ended December 31, 2024.

Liquidity and Capital Resources

Cash flows from operations, supplemented by funds available under our Revolving Credit Facility and Apple Ridge securitization facility are our primary sources of liquidity, along with, from time to time, distributions from our unconsolidated joint ventures.

Our primary uses of liquidity include working capital, business investment and capital expenditures,