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Adt Inc. (ADT) SEC Filing 10-Q Quarterly report for the period ending Saturday, March 31, 2018

Adt Inc.

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 FIRST QUARTER 2018 RESULTS

Total revenue and Adjusted EBITDA up 5% and 7% year-over-year, respectively
Operating Cash Flow up 23% vs. prior year; Free Cash Flow before special items of $187 million
Continued momentum driven by improvements in customer retention, subscriber acquisition cost
efficiency, and commercial expansion

FIRST QUARTER 2018 HIGHLIGHTS(1) 
Total revenue of $1,116 million, up 5%
Adjusted EBITDA of $620 million, up 7%
Adjusted Net Income(2) of $249 million, up 26%
Adjusted Net Income per share of $0.34, up 10%
Operating cash flow of $505 million, up 23%
Free cash flow before special items of $187 million, up 7%
Trailing twelve-month gross customer revenue attrition of 13.6%, an improvement of 90 bps
Paid first quarterly cash dividend of $0.035 per share; declared second dividend today
Formally agreed to July redemption of $750 million of Koch Preferred Securities

BOCA RATON, FL – May 9, 2018ADT Inc. (NYSE: ADT) today reported the results for its first quarter of 2018.

“We continue to build momentum and are off to a strong start in our first quarter operating as a public company,” said Tim Whall, ADT’s Chief Executive Officer. “This quarter we continued to deliver strong year-over-year growth in revenue, EBITDA, and cash flow. Operationally, we continued to execute on our commitment to enhance our customer service capabilities and implement operational improvements. As a result, we lowered attrition to a new all-time low of 13.6% and improved revenue payback. I am pleased with our first quarter results and our management team is excited to continue executing our strategy to drive free cash flow growth and create long-term shareholder value.”

FIRST QUARTER 2018 RESULTS
The Company reported total revenue of $1,116 million, a net loss of $157 million, and Adjusted EBITDA of $620 million for the first quarter of 2018.

Total revenue was $1,116 million, up 5% year-over-year. Monitoring and related services revenue (“M&S revenue”), which comprised $1,017 million of total revenue, was up 2% over the same period last year. The growth in M&S revenue was attributable to an increase in monthly recurring revenue, largely driven by higher average prices combined with improvements in gross customer revenue attrition. In addition to M&S

1

The following information was filed by Adt Inc. (ADT) on Wednesday, May 9, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Adt Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information Document
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (parenthetical)
Condensed Consolidated Statement Of Stockholders??? Equity
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Loss
Condensed Consolidated Statements Of Operations
Acquisitions
Acquisitions (details)
Basis Of Presentation And Summary Of Significant Accounting Policies
Basis Of Presentation And Summary Of Significant Accounting Policies (policies)
Basis Of Presentation And Summary Of Significant Accounting Policies (tables)
Basis Of Presentation And Summary Of Significant Accounting Policies - Accrued Expenses And Other Current Liabilities (details)
Basis Of Presentation And Summary Of Significant Accounting Policies - Additional Information (details)
Basis Of Presentation And Summary Of Significant Accounting Policies - Carrying Values And Fair Values Of Debt (details)
Basis Of Presentation And Summary Of Significant Accounting Policies - Cash And Cash Equivalents (details)
Basis Of Presentation And Summary Of Significant Accounting Policies - Impact Of New Accounting Standard On Balance Sheet (details)
Basis Of Presentation And Summary Of Significant Accounting Policies - Subscriber System Assets (details)
Commitments And Contingencies
Commitments And Contingencies (details)
Debt
Debt (details)
Equity
Equity (details)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (tables)
Goodwill And Other Intangible Assets - Additional Information (details)
Goodwill And Other Intangible Assets - Changes In Net Carrying Amount Of Contracts And Related Customer Relationships (details)
Goodwill And Other Intangible Assets - Finite-lived Intangible Assets Amortization Expense (details)
Goodwill And Other Intangible Assets - Gross Carrying Amounts And Accumulated Amortization Of Other Intangible Assets (details)
Goodwill And Other Intangible Assets - Schedule Of Finite-lived Intangible Assets, Future Amortization Expense (details)
Income Taxes
Income Taxes (details)
Mandatorily Redeemable Preferred Securities
Mandatorily Redeemable Preferred Securities (details)
Net Loss Per Share
Net Loss Per Share (tables)
Net Loss Per Share - Computation Of Basic And Diluted Earnings Per Share (details)
Related Party Transactions
Related Party Transactions (details)
Revenue
Revenue - Additional Information (details)
Revenue - Disaggregation Of Revenue (details)
Revenue - Effect Of New Accounting Pronouncement On Balance Sheet (details)
Revenue - Impact Of New Accounting Pronouncement On Financial Statements (details)
Revenues (tables)
Share-based Compensation
Share-based Compensation - Additional Information (details)
Subsequent Events
Subsequent Events (details)
Ticker: ADT
CIK: 1703056
Form Type: 10-Q Quarterly Report
Accession Number: 0001703056-18-000014
Submitted to the SEC: Wed May 09 2018 5:10:26 PM EST
Accepted by the SEC: Wed May 09 2018
Period: Saturday, March 31, 2018
Industry: Detective Guard And Armored Car Services

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