Company: HOUS
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001398987-25-000108
Chunk: 127

Company: Anywhere Real Estate Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 127
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 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.

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).