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Adt Inc. (ADT) SEC Filing 10-Q Quarterly Report for the period ending Wednesday, March 31, 2021

Adt Inc.

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CIK: 1703056 Ticker: ADT

Exhibit 99.1

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ADT REPORTS FOURTH QUARTER AND FULL YEAR 2020 RESULTS


U.S. Recurring Monthly Revenue additions up 15% in Q4
Grew net subscribers for both Q4 and full year
Google partnership and next generation platform development on track
Providing 2021 full year outlook
Added new partners DISH and Ackerman Security in early 2021
BOCA RATON, Fla. – February 25, 2021 –
ADT Inc. (NYSE: ADT), a leading provider of security, automation, and smart home solutions serving consumer and business customers in the United States, today reported results for the fourth quarter and full year 2020.
2020 HIGHLIGHTS COMPARED TO PRIOR YEAR (1)

FOURTH QUARTER
•Total revenue of $1,315 million, compared to $1,298 million
•Net loss of $112 million, compared to $72 million

FULL YEAR
•Total revenue of $5,315 million, compared to $5,126 million
•Net loss of $632 million, compared to $424 million
•Adjusted EBITDA of $2,199 million, compared to $2,483 million
•Net cash provided by operating activities of $1,367 million, compared to $1,873 million
•Net cash used in investing activities of $1,137 million, compared to $978 million
•Net cash used in financing activities of $70 million, compared to $1,214 million
•Adjusted Free Cash Flow of $675 million, up from $590 million
•Trailing twelve-month revenue payback at a record low 2.2 years
•Trailing twelve-month gross customer revenue attrition of 13.1%, decreased 30 bps from a year ago


“ADT once again delivered strong financial and operating results during the fourth quarter. We maintained our record low revenue payback, while growing our RMR additions by double digits and increasing our net subscribers. This performance caps a year of delivering solid financial results while ensuring we continued to prioritize the well-being of our employees and customers” stated Jim DeVries, ADT’s President and CEO. “During 2020, we took a number of steps to improve the long-term competitive positions of ADT and set the stage for accelerating our vision and disciplined growth strategy in 2021 and the future. We enjoyed strong momentum in our core residential business and are excited to
1
The following information was filed by Adt Inc. (ADT) on Thursday, February 25, 2021 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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Inside Adt Inc.'s 10-Q Quarterly Report:

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 (Details)
Acquisitions And Dispositions
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 - Fair Value And Carrying Value Of Retail Installment Contract Receivables (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)
Basis Of Presentation And Summary Of Significant Accounting Policies Leases, Impact Of New Accounting Standard Adoption (Details)
Basis Of Presentation And Summary Of Significant Accounting Policies Radio Conversion Costs (Details)
Commitment And Contingencies (Policies)
Commitments And Contingencies
Commitments And Contingencies (Details)
Commitments And Contingencies Purchase Obligations (Details)
Debt
Debt (Details)
Debt (Policies)
Debt (Tables)
Debt Second Lien Notes Due 2028 (Details)
Derivative Financial Instruments
Derivative Financial Instruments (Details)
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Equity - Issuance Of Class B Common Stock (Details)
Equity - Schedule Of Dividends Declared (Details)
Equity Additional (Details)
Equity Share Repurchase (Policies)
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 Changes In Goodwill (Details)
Income Taxes
Income Taxes (Details)
Leases (Details)
Leases (Notes)
Leases (Policies)
Leases (Tables)
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)
Net Loss Per Share Eps Policy (Policies)
Related Party Transactions
Related Party Transactions (Details)
Revenue
Revenue - Additional Information (Details)
Revenue - Disaggregation Of Revenue (Details)
Revenue - Retail Installment Contract Receivables Contract Assets (Details)
Revenue - Summary Of Contract Assets (Details)
Revenue Revenue (Policies)
Revenues (Tables)
Segment Information
Segment Information (Tables)
Segment Information - Revenue By Segment (Details)
Segment Information Ebitda Reconciliation (Details)
Segment Reporting (Policies)
Share-Based Compensation
Share-Based Compensation - Additional Information (Details)
Ticker: ADT
CIK: 1703056
Form Type: 10-Q Quarterly Report
Accession Number: 0001703056-21-000095
Submitted to the SEC: Wed May 05 2021 4:36:00 PM EST
Accepted by the SEC: Wed May 05 2021
Period: Wednesday, March 31, 2021
Industry: Detective Guard And Armored Car Services

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