Company: HOUS
Filing Date: 2025-03-24
Form Type: DEF 14A
Source: 0001398987-25-000047
Chunk: 140

Company: Anywhere Real Estate Inc.
Filing Date: 2025-03-24
Form: DEF 14A
Chunk 140
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 brokerage operating model to align with the industry as well as our Corporate headquarters footprint.

Restructuring charges incurred for the year ended December 31, 2024, include $4 million at Anywhere Brands, $15 million at Anywhere Advisors, $1 million at Anywhere Integrated Services and $12 million in Corporate and Other. Restructuring charges incurred for the year ended December 31, 2023, include $11 million at Anywhere Brands, $25 million at Anywhere Advisors, $4 million at Anywhere Integrated Services and $9 million in Corporate and Other.

(c) Non-cash impairments for the year ended December 31, 2024 primarily related to leases and other assets. Non-cash impairments for the year ended December 31, 2023 include $25 million at Anywhere Brands to reduce goodwill related to Cartus, $25 million related to franchise trademarks and $15 million related to leases and other assets.

| A-2 |

(d) Former parent legacy items are recorded in Corporate and Other and relate to a legacy tax matter.

(e) Legal contingencies do not include cases that are part of our normal operating activities or legal expenses incurred in the ordinary course of business.

(f) Gain on the early extinguishment of debt is recorded in Corporate and Other. The gain on the early extinguishment of debt relates to the repurchases of Unsecured Notes that occurred during the third quarter of 2024, as well as the debt exchange transactions and open market repurchases that occurred during the third quarter of 2023.

Reconciliation of Net loss to Free Cash Flow for the years ended December 31, 2024, 2023 and 2022 (in millions):

|                                                                               |     | Year Ended December 31, | 2024 |     |   | 2023 |     |   | 2022 |
|:------------------------------------------------------------------------------|:----|:------------------------|-----:|:----|:--|-----:|:----|:--|-----:|
| Net loss attributable to Anywhere Real Estate                                 |     | $                       | -128 |     | $ |  -97 |     | $ | -287 |
| Income tax benefit                                                            |     |                         |   -2 |     |   |  -15 |     |   |  -68 |
| Income tax payments                                                           |     |                         |   -1 |     |   |  -14 |     |   |  -62 |
| Interest expense, net