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Adt Inc. (ADT) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 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 FOURTH QUARTER AND FULL YEAR 2018 RESULTS


Announces 2018 results that exceed full year 2018 financial guidance
Year-over-year improvement in customer additions, customer retention, and payback periods
Closed Red Hawk acquisition and continued double-digit revenue growth in commercial market

Launched next generation security and home automation product, Command and Control
Acquired LifeShield to expand ADT’s reach in separate DIY market
Approved dividend reinvestment plan and share buyback program


FOURTH QUARTER AND FULL YEAR 2018 HIGHLIGHTS COMPARED TO PRIOR YEAR(1)(2) 
Fourth quarter total revenue of $1,185 million, up 7%; full year revenue of 4,582 million, up 6%
Fourth quarter net loss of $149 million, compared to net income of $638 million; full year net loss of $609 million, compared to net income of $343 million
Fourth quarter Adjusted EBITDA of $614 million, up 3%; full year Adjusted EBITDA of $2,453 million, up 4%
Fourth quarter Adjusted Net Income of $101 million, up 33%; full year Adjusted Net Income of $657 million, up 27%
Full year net cash provided by operating activities of $1,788 million, compared to $1,592 million
Full year net cash used in investing activities of $1,738 million, compared to $1,413 million
Full year net cash provided by financing activities of $193 million, compared to net cash used of $143 million
Full year Free Cash Flow before special items of $538 million, compared to $403 million
Trailing twelve-month revenue payback improved to 2.4 years from 2.5 years
Trailing twelve-month gross customer revenue attrition of 13.3%, an improvement of 40 bps


BOCA RATON, FL – March 11, 2019ADT Inc. (NYSE: ADT), a leading provider of security and automation solutions for homes and businesses, today reported the results for its fourth quarter and full year 2018. The Company also provided guidance for 2019 and announced a quarterly dividend, dividend reinvestment plan (“DRIP”), and share buyback.

“Completing a successful year for ADT, we delivered a strong fourth quarter and exceeded our financial outlook”, stated Jim DeVries, ADT’s President and CEO. “We continue to demonstrate improvement across key operating metrics and strengthened our leadership in leading-edge home automation through the launch of ADT Command and Control. Moreover, following the December acquisition of Red Hawk,

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The following information was filed by Adt Inc. (ADT) on Monday, March 11, 2019 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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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statement Of Stockholders??? Equity
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive (Loss) Income
Consolidated Statements Of Operations
Acquisitions
Acquisitions - Additional Information (Details)
Acquisitions - Assets Acquired And Liabilities Assumed (Details)
Acquisitions - Pro Forma Information (Details)
Acquisitions Acquisitions (Tables)
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 - Allowance For Doubtful Accounts (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 - Property, Plant, And Equipment (Details)
Basis Of Presentation And Summary Of Significant Accounting Policies - Subscriber System Assets (Details)
Commitments And Contingencies
Commitments And Contingencies (Tables)
Commitments And Contingencies - Additional Information (Details)
Commitments And Contingencies - Lease Obligations (Details)
Commitments And Contingencies - Purchase Obligation (Details)
Condensed Financial Information Of Registrant
Condensed Financial Information Of Registrant (Tables)
Condensed Financial Information Of Registrant - Additional Information (Details)
Condensed Financial Information Of Registrant - Condensed Balance Sheets (Details)
Condensed Financial Information Of Registrant - Condensed Statements Of Cash Flows (Details)
Condensed Financial Information Of Registrant - Condensed Statements Of Operations And Comprehensive (Loss) Income (Details)
Debt
Debt (Tables)
Debt - Additional Information (Details)
Debt - Schedule Of Debt (Details)
Debt - Schedule Of Maturities (Details)
Derivative Financial Instruments
Derivative Financial Instruments (Details)
Derivative Financial Instruments Derivative Financial Instruments (Tables)
Equity
Equity (Tables)
Equity - Accumulated Other Comprehensive Loss (Details)
Equity - Additional Information (Details)
Equity - Schedule Of Dividends Declared (Details)
Geographic Data
Geographic Data (Details)
Geographic Data (Tables)
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 - Changes In The Carrying Amount Of Goodwill (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 - Additional Information (Details)
Income Taxes - Components Of Income Tax Expense (Benefit) (Details)
Income Taxes - Deferred Tax Assets And Liabilities (Details)
Income Taxes - Effective Income Tax Rate Reconciliation (Details)
Income Taxes - Income (Loss) Before Income Taxes (Details)
Income Taxes - Unrecognized Tax Benefits (Details)
Income Taxes Income Taxes (Tables)
Mandatorily Redeemable Preferred Securities
Mandatorily Redeemable Preferred Securities (Details)
Net (Loss) Income Per Share
Net (Loss) Income Per Share (Tables)
Net (Loss) Income Per Share - Additional Information (Details)
Net (Loss) Income Per Share - Computation Of Basic And Diluted Earnings Per Share (Details)
Quarterly Financial Data
Quarterly Financial Data (Details)
Quarterly Financial Data (Tables)
Related Party Transactions
Related Party Transactions (Details)
Restructuring
Restructuring (Details)
Retirement Plans
Retirement Plans (Details)
Revenue
Revenue (Tables)
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)
Share-Based Compensation
Share-Based Compensation (Tables)
Share-Based Compensation - Additional Information (Details)
Share-Based Compensation - Assumptions Used (Details)
Share-Based Compensation - Schedule Of Non-Option Activity (Details)
Share-Based Compensation - Schedule Of Option Activity (Details)
Subsequent Events
Subsequent Events (Details)

Material Contracts, Statements, Certifications & more

Adt Inc. provided additional information to their SEC Filing as exhibits

Exhibit 3.1: Articles Of Incorporation
Exhibit 4.10: Instruments Defining The Rights Of Security Holders, Including Indentures
Exhibit 4.11: Instruments Defining The Rights Of Security Holders, Including Indentures
Exhibit 4.12: Instruments Defining The Rights Of Security Holders, Including Indentures
Exhibit 4.13: Instruments Defining The Rights Of Security Holders, Including Indentures
Exhibit 4.14: Instruments Defining The Rights Of Security Holders, Including Indentures
Exhibit 4.19: Instruments Defining The Rights Of Security Holders, Including Indentures
Exhibit 4.20: Instruments Defining The Rights Of Security Holders, Including Indentures
Exhibit 4.21: Instruments Defining The Rights Of Security Holders, Including Indentures
Exhibit 4.22: Instruments Defining The Rights Of Security Holders, Including Indentures
Exhibit 4.23: Instruments Defining The Rights Of Security Holders, Including Indentures
Exhibit 4.27: Instruments Defining The Rights Of Security Holders, Including Indentures
Exhibit 4.28: Instruments Defining The Rights Of Security Holders, Including Indentures
Exhibit 4.29: Instruments Defining The Rights Of Security Holders, Including Indentures
Exhibit 4.30: Instruments Defining The Rights Of Security Holders, Including Indentures
Exhibit 4.31: Instruments Defining The Rights Of Security Holders, Including Indentures
Exhibit 4.34: Instruments Defining The Rights Of Security Holders, Including Indentures
Exhibit 4.35: Instruments Defining The Rights Of Security Holders, Including Indentures
Exhibit 4.36: Instruments Defining The Rights Of Security Holders, Including Indentures
Exhibit 4.37: Instruments Defining The Rights Of Security Holders, Including Indentures
Exhibit 4.38: Instruments Defining The Rights Of Security Holders, Including Indentures
Exhibit 10.8: Material Contract
Exhibit 10.9: Material Contract
Exhibit 10.10: Material Contract
Exhibit 10.11: Material Contract
Exhibit 10.37: Material Contract
Exhibit 10.49: Material Contract
Exhibit 10.50: Material Contract
Exhibit 10.51: Material Contract
Exhibit 10.52: Material Contract
Exhibit 10.53: Material Contract
Exhibit 10.54: Material Contract
Exhibit 10.55: Material Contract
Exhibit 10.56: Material Contract
Exhibit 10.57: Material Contract
Exhibit 10.58: Material Contract
Exhibit 10.59: Material Contract
Exhibit 10.60: Material Contract
Exhibit 10.61: Material Contract
Exhibit 10.62: Material Contract
Exhibit 10.63: Material Contract
Exhibit 10.64: Material Contract
Exhibit 10.65: Material Contract
Exhibit 10.66: Material Contract
Exhibit 10.67: Material Contract
Exhibit 10.68: Material Contract
Exhibit 10.69: Material Contract
Exhibit 10.70: Material Contract
Exhibit 10.71: Material Contract
Exhibit 21: Subsidaries Of The Registrant
Exhibit 23: Consents Of Experts And Counsel
Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 32.1: Section 1350 Certification
Exhibit 32.2: Section 1350 Certification
Ticker: ADT
CIK: 1703056
Form Type: 10-K Annual Report
Accession Number: 0001703056-19-000042
Submitted to the SEC: Mon Mar 11 2019 4:27:40 PM EST
Accepted by the SEC: Mon Mar 11 2019
Period: Monday, December 31, 2018
Industry: Detective Guard And Armored Car Services

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