Company: HOUS
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001398987-25-000108
Chunk: 96

Company: Anywhere Real Estate Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 96
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 six months ended June 30, 2025, total assets increased $223 million primarily due to:

•a $148 million increase in cash and cash equivalents primarily related to a net increase from the issuance of $500 million of 9.75% Senior Secured Second Lien Notes and the repurchase of a portion of the Exchangeable Senior Notes in the second quarter of 2025 for $339 million;

•a $128 million increase in relocation and trade receivables primarily due to timing; and

•a $13 million net increase in other current and non-current assets primarily due to prepaid contracts, partially offset by a reduction in income tax receivables and a decrease in equity method investments as a result of dividends received from Guaranteed Rate Affinity and other equity method investments,

partially offset by:

•a $45 million net decrease in franchise agreements and other amortizable intangible assets due to amortization;

•a $19 million net decrease in operating lease assets primarily due to asset depreciation; and

•a $9 million decrease in property and equipment primarily due to asset depreciation.

Total liabilities increased $264 million primarily due to:

•a $272 million net increase in corporate debt primarily related to the issuance of 9.75% Senior Secured Second Lien Notes and repurchase of a portion of the Exchangeable Senior Notes in the second quarter of 2025, as well as $120 million of additional borrowings under the Revolving Credit Facility;

•a $47 million increase in other non-current liabilities primarily due to proceeds from the sale of a 10% preferred equity interest in certain of the Company's title and escrow entities that has a mandatorily redeemable feature and an increase in long-term contracts;

•a $40 million increase in securitization obligations; and

•a $15 million increase in accounts payable,

partially offset by:

•a $69 million decrease in accrued expenses and other current liabilities primarily due to the payment of employee-related liabilities in the first quarter of 2025 which were fully accrued as of December 31, 2024 and payment of a Cendant legacy tax matter;

•a $25 million decrease in operating lease liabilities; and

•a $16 million decrease in deferred tax liabilities.

Total equity decreased $41 million primarily due to a net loss of $51 million, partially offset by a $7 million increase in additional paid-in capital related to the Company's stock-based compensation activity for the six months ended June 30, 2025.

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