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Adt Inc. (ADT) SEC Filing 10-Q Quarterly Report for the period ending Wednesday, June 30, 2021

Adt Inc.

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CIK: 1703056 Ticker: ADT
Exhibit 99.1

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ADT REPORTS FIRST QUARTER 2021 RESULTS
Strong quarter, making progress against 2021 objectives
Residential subscriber growth continues and Commercial rebound underway
Durable recurring revenue model with strengthening, long term growth engine
Affirming 2021 financial outlook
BOCA RATON, Fla. – May 5, 2021
– ADT Inc. (NYSE: ADT), the most trusted brand in smart home and small business security, today reported results for the first quarter of 2021.
FIRST QUARTER 2021 OPERATIONAL HIGHLIGHTS
•New recurring monthly revenue (RMR) additions up 25% versus prior year
•Commercial recovery continues; improved year-over-year results
•Quarterly net subscriber growth of 76 thousand
•Attrition remained at 13.1% and improved 40 bps from Q1 2020
•Continued progress on ADT | Google partnership and next generation platform development
“The priority for ADT in 2021 is to drive revenue expansion through investments in new subscriber growth, strategic partnerships, and exceptional customer service. Our first quarter results show that the strategy is working – we grew RMR additions by double-digits and increased our net subscribers, while also maintaining our revenue payback at 2.2 years,” stated Jim DeVries, ADT’s President and CEO. “We have good momentum in the business as we continue to expand and enhance our offerings to protect our customers at home, at work, and on the go.”
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The following information was filed by Adt Inc. (ADT) on Wednesday, May 5, 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)
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Equity - Issuance Of Class B Common Stock (Details)
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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
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Leases (Details)
Leases (Notes)
Leases (Policies)
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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)
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Related Party Transactions
Related Party Transactions (Details)
Revenue
Revenue - Additional Information (Details)
Revenue - Changes In The Allowance For Doubtful Accounts (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: 0001703056-21-000145
Submitted to the SEC: Wed Aug 04 2021 5:08:03 PM EST
Accepted by the SEC: Wed Aug 04 2021
Period: Wednesday, June 30, 2021
Industry: Detective Guard And Armored Car Services

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