Company: HOUS
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001398987-25-000020
Chunk: 250

Company: Anywhere Real Estate Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 250
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angible asset. These procedures also included, among others (i) testing management’s process for developing the fair value estimate of the franchise trademarks intangible asset; (ii) evaluating the appropriateness of the relief from royalty method used by management; (iii) testing the completeness and accuracy of the underlying data used by management in the relief from royalty method; and (iv) evaluating the significant assumptions used by management related to future revenues and discount rate. Evaluating management’s assumption related to future revenues involved evaluating whether the assumption used by management was reasonable considering (i) the current and past performance of the business associated with the trademark; (ii) the consistency with external market and industry data; and (iii) the consistency with evidence obtained in other areas of the audit. Professionals with specialized skill and knowledge were used to assist in evaluating (i) the appropriateness of the relief from royalty method and (ii) the reasonableness of the discount rate assumption.

/s/ PricewaterhouseCoopers LLP 

Florham Park, New Jersey 

February 25, 2025

We have served as the Company's auditor since 2009.

F-7

ANYWHERE REAL ESTATE INC. AND ANYWHERE REAL ESTATE GROUP LLC

CONSOLIDATED STATEMENTS OF OPERATIONS

(In millions, except per share data) Year Ended December 31, 202420232022RevenuesGross commission income$4,629 $4,570 $5,538 Service revenue574 569 793 Franchise fees356 351 417 Other133 146 160 Net revenues5,692 5,636 6,908 ExpensesCommission and other agent-related costs3,718 3,664 4,415 Operating1,125 1,147 1,377 Marketing195 215 252 General and administrative392 422 388 Former parent legacy cost, net2 18 1 Restructuring costs, net32 49 32 Impairments20 65 483 Depreciation and amortization198 196 214 Interest expense, net153 151 113 (Gain) loss on the early extinguishment of debt(7)(169)96 Other income, net— — (140)Total expenses5,828 5,758 7,231 Loss before income taxes, equity in (earnings) losses and noncontrolling interests(136)(122)(323)Income