Company: HOUS
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001398987-25-000067
Chunk: 65

Company: Anywhere Real Estate Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 8
Chunk 65
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151 182 — 182  For the three months ended March 31, 2024 Franchise GroupOwned Brokerage GroupTitle GroupSegment TotalUnallocated Corporate AmountsConsolidated TotalCapital expenditures$6 $6 $2 $14 $4 $18 Depreciation and amortization29 12 10 51 4 55 

10.    SUBSEQUENT EVENTS

On April 1, 2025, the Company consummated the sale to a subsidiary of the Title Insurance Underwriter Joint Venture of 10% of the preferred equity of entities containing the assets of certain of the Company's title and escrow entities (the "Preferred Equity") for an aggregate of $18.8 million, with a right to purchase the remaining 90% of those entities at the same valuation until the third anniversary of sale date. The Company will have the right to repurchase the Preferred Equity after the third anniversary and until the fifth anniversary of the sale date and, after the fifth anniversary, if neither party has exercised their purchase right, the Company will be required to repurchase the Preferred Equity.

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Item 2.    Management's Discussion and Analysis of Financial Condition and Results of Operations.

The following discussion and analysis should be read in conjunction with our Condensed Consolidated Financial Statements and accompanying notes thereto included elsewhere herein and with our Consolidated Financial Statements and accompanying notes included in the 2024 Form 10-K. Unless otherwise noted, all dollar amounts in tables are in millions. Neither Anywhere, the indirect parent of Anywhere Group, nor Anywhere Intermediate, the direct parent company of Anywhere Group, conducts any operations other than with respect to its respective direct or indirect ownership of Anywhere Group. As a result, the condensed consolidated financial positions, results of operations and cash flows of Anywhere, Anywhere Intermediate and Anywhere Group are the same. This Management's Discussion and Analysis of Financial Condition and Results of Operations, or MD&A, contains forward-looking statements. See "Forward-Looking Statements" in this Quarterly Report as well as our 2024 Form 10-K for a discussion of the uncertainties, risks and assumptions associated with these statements. Actual results may differ materially from those contained in any forward-looking statements.

OVERVIEW

We, through our subsidiaries, are a global provider of residential real estate services and report our operations in the following three business segments:

•Anywhere Brands ("Franchise Group")—franchises a portfolio of well