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Adt Inc. (ADT) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 31, 2017

Adt Inc.

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CIK: 1703056 Ticker: ADT

Exhibit 99.1


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ADT Inc.
1501 Yamato Road
Boca Raton, FL 33431
561.322.7235
www.adt.com

ADT REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS

Issues full year 2018 outlook and declares quarterly dividend
FY2017 Revenue and Adjusted EBITDA up 4% and 8% year-over-year, respectively
Significant improvement in customer retention and customer acquisition efficiency

FOURTH QUARTER AND FULL YEAR 2017 HIGHLIGHTS(1) 
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ADT reports record year driven by disciplined growth and focus on free cash flow, underpinned by renewed customer focus
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Fourth quarter total revenue of $1,106 million, up 5%; full year revenue of $4,316 million, up 4%
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Fourth quarter Adjusted EBITDA of $598 million, up 8%; full year Adjusted EBITDA of $2,353 million, up 8%
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Fourth quarter operating cash flow of $330 million, up 40%; full year operating cash flow of $1,592 million, up 39%
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Fourth quarter free cash flow before special items of $22 million, up from negative $42 million; full year free cash flow before special items of $403 million, up 22%
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Trailing twelve-month gross customer revenue attrition of 13.7%, an improvement of 110 basis points
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Year-end U.S. Federal Net Operating Loss carryforward balance of $3.7 billion, providing substantial tax shield against future profits
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Declares first quarterly cash dividend of $0.035 per share

BOCA RATON, FL – March 15, 2018 – ADT Inc. (NYSE: ADT) today reported the results for its fourth quarter and full year 2017. The Company also provided guidance for 2018 and declared a quarterly cash dividend of $0.035 per share.

“Our fourth quarter results reflect a very strong finish to 2017. We grew revenue, EBITDA, and cash flow year-over-year, and we also meaningfully reduced customer attrition while improving customer acquisition efficiency. Following our initial public offering, we are excited about the future of ADT and our ability to drive significant cash flow growth as we continue to execute against our strategic objectives,” said Tim Whall, ADT’s Chief Executive Officer.

FOURTH QUARTER 2017 RESULTS
The Company reported total revenue of $1,106 million, net income of $638 million, and Adjusted EBITDA of $598 million for the fourth quarter of 2017.


1
The following information was filed by Adt Inc. (ADT) on Thursday, March 15, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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