Company: HOUS
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001398987-25-000067
Chunk: 77

Company: Anywhere Real Estate Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 8
Chunk 77
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a $10 million decrease in property and equipment primarily due to asset depreciation;

•an $8 million net decrease in operating lease assets primarily due to asset depreciation; and

•an $8 million decrease in cash and cash equivalents,

partially offset by a $23 million increase in relocation and trade receivables primarily due to timing.

Total liabilities increased $26 million primarily due to a $122 million net increase in corporate debt primarily related to additional borrowings under the Revolving Credit Facility, partially offset by:

•a $47 million decrease in accrued expenses and other current liabilities primarily due to payment of employee-related liabilities in the first quarter of 2025 which were fully accrued as of December 31, 2024;

•a $24 million decrease in deferred tax liabilities;

•an $11 million decrease in operating lease liabilities; and

•a $6 million decrease in other non-current liabilities primarily due to payment of long-term contracts.

Total equity decreased $74 million primarily due to a net loss of $78 million for the three months ended March 31, 2025.

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, as well as debt service (including interest payments). We have used and may also use future cash flows to repurchase or redeem outstanding indebtedness and to acquire stock under our share repurchase program.

Business investments may include investments in strategic initiatives, including our existing or future joint ventures, products and services that are designed to simplify the home sale and purchase transaction, independent sales agent recruitment and retention, and franchisee system growth and acquisitions.

We believe that we will continue to meet our cash flow needs during the next twelve months through the sources outlined above. In the event that our liquidity assumptions change, or we seek to provide incremental liquidity, we may explore additional debt financing, debt exchanges, private or public offerings of debt or common stock or consider asset disposals.

From time to time, we seek to repay, refinance or restructure all or a portion of our debt or to repurchase our outstanding debt through, as applicable, tender offers, exchange offers, open market purchases, privately negotiated transactions or otherwise. Such transactions, if any, will depend on a number of factors, including prevailing market conditions, our liquidity requirements