Company: HOUS
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001398987-25-000116
Chunk: 140

Company: Anywhere Real Estate Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 140
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)Income tax expense— 2 (2)Equity in earnings of unconsolidated entities(4)(6)2 Net (loss) income(13)7 (20)Less: Net income attributable to noncontrolling interests— — — Net (loss) income attributable to Anywhere and Anywhere Group$(13)$7 $(20)

Three Months Ended September 30, 20252024ChangeNon-GAAP Reconciliation - Operating EBITDA:Net (loss) income attributable to Anywhere and Anywhere Group$(13)$7 $(20)Income tax expense— 2 (2)(Loss) income before income taxes(13)9 (22)Add:  Depreciation and amortization48 48 — Interest expense, net47 38 9 Stock-based compensation (a)4 4 — Restructuring and merger-related costs, net (b)14 6 8 Impairments1 1 — Former parent legacy benefit, net— (1)1 Legal contingencies (c)— 10 (10)Gain on the early extinguishment of debt (d)— (7)7 Gain on the sale of businesses, investments or other assets, net(1)— (1)Operating EBITDA$100 $108 $(8)Operating EBITDA Margin (e)6%7%

(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. This line does not include $28 million and $12 million of expense during the third quarter of 2025 and 2024, respectively, that relates to employee long-term incentives which primarily include cash-settled awards that fluctuate with the Company's stock price. Of these amounts, approximately $24 million and $8 million during the third quarter of 2025 and 2024, respectively, represent cash-settled awards that fluctuate with the Company’s stock price.

(b)Restructuring and merger-related costs, net includes personnel-related, facility-related and other costs related to professional fees and consulting fees as a result of the Company's restructure plans and transaction-related expenses incurred in connection with the pending Merger with Compass which primarily consist of legal, advisory, accounting and other professional service fees. Includes $5 million