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Adt Inc. (ADT) SEC Filing 10-Q Quarterly report for the period ending Saturday, June 30, 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 SECOND QUARTER 2018 RESULTS

Year-over-year improvement in Total Revenue, Net Loss, Adjusted EBITDA, and cash flow generation
Improved customer retention, subscriber acquisition cost efficiency, and 2018 financial outlook


SECOND QUARTER 2018 HIGHLIGHTS COMPARED TO PRIOR YEAR(1) 
Total revenue of $1.13 billion, up 6%
Net loss of $67 million, improved by 28%
Adjusted EBITDA of $610 million, up 5%
Adjusted Net Income of $113 million, up 205%
First half net cash provided by operating activities of $963 million, compared to $743 million
First half net cash used in investing activities of $696 million, compared to $649 million
First half net cash provided by financing activities of $705 million, compared to a use of $107 million
First half Free Cash Flow before special items of $310 million, compared to $191 million
Trailing twelve-month revenue payback improved to 2.4 years from 2.6 years
Trailing twelve-month gross customer revenue attrition of 13.6%, an improvement of 50 bps
Redeemed Koch Preferred Securities in July


BOCA RATON, FL – August 8, 2018ADT Inc. (NYSE: ADT) today reported the results for its second quarter of 2018.

“Our team made great progress delivering across the key operating metrics that drove our financial performance this quarter, including stronger cash flow generation,” stated Tim Whall, ADT’s Chief Executive Officer.  “We also further strengthened our critical role at the center of the connected home while continuing to capitalize on attractive opportunities in the commercial business.  Looking ahead, through our disciplined approach we are positioned to deliver efficient and profitable growth that generates strong cash flow and ultimately attractive returns for our shareholders.”

SECOND QUARTER 2018 RESULTS(1) 

Total revenue was $1.13 billion, up 6% year-over-year. Monitoring and related services revenue (“M&S revenue”), which comprised $1.02 billion 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 revenue, installation and other revenue was up by an additional $48 million from last year, primarily driven by commercial revenues as a result of the successful execution of our commercial growth strategy.

1

The following information was filed by Adt Inc. (ADT) on Wednesday, August 8, 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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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)
Basis Of Presentation And Summary Of Significant Accounting Policies - Subscriber System Depreciation Expense (Details)
Commitments And Contingencies
Commitments And Contingencies (Details)
Debt
Debt (Details)
Derivative Financial Instruments Derivative Financial Instruments
Derivative Financial Instruments Derivative Financial Instruments (Details)
Equity
Equity (Tables)
Equity - Additional Information (Details)
Equity - Schedule Of Dividends Declared (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: 0001703056-18-000036
Submitted to the SEC: Thu Aug 09 2018 5:14:20 PM EST
Accepted by the SEC: Thu Aug 09 2018
Period: Saturday, June 30, 2018
Industry: Detective Guard And Armored Car Services

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