Company: HOUS
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001398987-25-000020
Chunk: 217

Company: Anywhere Real Estate Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 217
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, 2024 and 2023, respectively. See Note 12, "Income Taxes", to the Consolidated Financial Statements for additional information and a reconciliation of the Company’s effective income tax rate.

The following table reflects a non-GAAP reconciliation of Net loss attributable to Anywhere and Anywhere Group to Operating EBITDA during the years ended December 31, 2024 and 2023:

Year Ended December 31, 20242023Net loss attributable to Anywhere and Anywhere Group$(128)$(97)Income tax benefit(2)(15)Loss before income taxes(130)(112)Add:  Depreciation and amortization198 196 Interest expense, net153 151 Stock-based compensation (a)17 12 Restructuring costs, net (b)32 49 Impairments (c)20 65 Former parent legacy cost, net (d)2 18 Legal contingencies (e)2 43 Gain on the early extinguishment of debt (f)(7)(169)Loss on the sale of businesses, investments or other assets, net3 2 Operating EBITDA$290 $255 _______________

(a)Stock-based compensation is a non-cash expense that is based on grant date fair value, which is influenced by the Company's stock price, and recognized over the requisite service period. This expense is primarily related to Corporate and Other.

(b)Restructuring costs are approximately half personnel-related, including severance costs primarily to streamline finance and other administrative functions, and half facility-related, including costs incurred to reduce our 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 Franchise Group, $15 million at Owned Brokerage Group, $1 million at Title Group and $12 million in Corporate and Other. Restructuring charges incurred for the year ended December 31, 2023 include $11 million at Franchise Group, $25 million at Owned Brokerage Group, $4 million at Title Group and $9 million in Corporate and Other.

See Note 14, "Restructuring Costs", to the Consolidated Financial Statements for additional information.

(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