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Adt Inc. (ADT) SEC Filing 10-Q Quarterly Report for the period ending Thursday, March 31, 2022

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CIK: 1703056 Ticker: ADT
Exhibit 99.1
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ADT REPORTS FIRST QUARTER 2022 RESULTS

Record high customer retention and highest-ever recurring monthly revenue balance
18% revenue growth versus prior year with continued growth in subscribers
Affirming 2022 guidance metrics provided at Investor Day
FIRST QUARTER 2022 (variances on a year-over-year basis)
•Total revenue of $1.5 billion, up 18%
•End of period recurring monthly revenue (“RMR”) of $365 million, up 5%
•Total subscribers of 6.7 million, with sequential and year over year growth
•Record high customer retention with gross customer revenue attrition at 12.9%
•Revenue payback of 2.3 years
•GAAP net income of $52 million, up $100 million, or $0.06 per share
•Adjusted EBITDA of $601 million, up $59 million or 11%

BOCA RATON, Fla. – May 5, 2022
– ADT Inc. (NYSE: ADT), the most trusted brand in smart home and small business security, today reported results for the first quarter of 2022.
“The momentum we’ve built in our business is producing results, illustrated by strong improvements to our revenue and earnings, growth in subscribers, and record high customer retention,” said ADT President and CEO Jim DeVries. “At our Investor Day earlier this year, we laid out a plan to meaningfully grow our revenue, earnings, and cash flows through 2025. With several of our achievements this quarter – from launching the Google Doorbell, to a strong start for ADT Solar, to expansion of our customer-friendly virtual service options – we are already showing progress against that plan as we lead the way in delivering safe, smart, and sustainable solutions.”








1
The following information was filed by Adt Inc. (ADT) on Thursday, May 5, 2022 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 2022 10-K Annual Report includes:

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Inside Adt Inc.'s 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover Page
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 Income (Loss)
Condensed Consolidated Statements Of Operations
Acquisitions
Acquisitions - Narrative (Details)
Commitments And Contingencies
Commitments And Contingencies - Narrative (Details)
Debt
Debt (Tables)
Debt - Narrative (Details)
Debt - Schedule Of Long-Term Debt Instruments (Details)
Derivative Financial Instruments
Derivative Financial Instruments (Tables)
Derivative Financial Instruments - Narrative (Details)
Derivative Financial Instruments - Reclassification Out Of Accumulated Other Comprehensive Income (Details)
Derivative Financial Instruments - Schedule Of Derivative Instruments (Details)
Derivative Financial Instruments - Schedule Of Derivative Liabilities At Fair Value (Details)
Derivative Financial Instruments - Schedule Of Unrealized Gain (Loss) On Interest Rate Swaps (Details)
Description Of Business And Summary Of Significant Accounting Policies
Description Of Business And Summary Of Significant Accounting Policies (Policies)
Description Of Business And Summary Of Significant Accounting Policies (Tables)
Description Of Business And Summary Of Significant Accounting Policies - Narrative (Details)
Description Of Business And Summary Of Significant Accounting Policies - Schedule Of Accrued Expenses And Other Current Liabilities (Details)
Description Of Business And Summary Of Significant Accounting Policies - Schedule Of Carrying Values And Estimated Fair Values Of Debt Instruments And Securities (Details)
Description Of Business And Summary Of Significant Accounting Policies - Schedule Of Carrying Values And Fair Values Of Retail Installment Contract Receivables (Details)
Description Of Business And Summary Of Significant Accounting Policies - Schedule Of Cash And Cash Equivalents (Details)
Description Of Business And Summary Of Significant Accounting Policies - Schedule Of Radio Conversion Costs And Revenue (Details)
Description Of Business And Summary Of Significant Accounting Policies - Schedule Of Subscriber System Asset And Deferred Subscriber Acquisition Costs Of Depreciation And Amortization (Details)
Description Of Business And Summary Of Significant Accounting Policies - Schedule Of Subscriber System Assets (Details)
Equity
Equity (Tables)
Equity - Narrative (Details)
Equity - Schedule Of Dividends Declared (Details)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (Tables)
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 - Narrative (Details)
Goodwill And Other Intangible Assets - Schedule Of Changes In Goodwill (Details)
Income Taxes
Income Taxes - Narrative (Details)
Leases
Leases (Tables)
Leases - Schedule Of Consolidated Balance Sheet Information Related To Leases (Details)
Leases - Schedule Of Lease Cost (Details)
Leases - Supplementary Cash Flow Information (Details)
Net Income (Loss) Per Share
Net Income (Loss) Per Share (Tables)
Net Income (Loss) Per Share - Narrative (Details)
Net Income (Loss) Per Share - Schedule Of Earnings Per Share, Basic And Diluted (Details)
Related Party Transactions
Related Party Transactions - Narrative (Details)
Revenue And Receivables
Revenue And Receivables (Tables)
Revenue And Receivables - Allowance For Credit Loss Rollforward (Details)
Revenue And Receivables - Amortization Of Deferred Subscriber Acquisition Revenue (Details)
Revenue And Receivables - Narrative (Details)
Revenue And Receivables - Schedule Of Disaggregation Of Revenue (Details)
Revenue And Receivables - Schedule Of Revenue And Cost Of Revenue From Products Sales (Details)
Revenue And Receivables - Schedule Of Unbilled Retail Installment Contract Receivables, Net (Details)
Revenue And Receivables - Summary Of Contracts Assets (Details)
Segment Information
Segment Information (Tables)
Segment Information - Schedule Of Segment Information Ebitda Reconciliation (Details)
Segment Information - Schedule Of Total Revenue By Segment And Reconciliation To Consolidated Total Revenue (Details)
Share-Based Compensation
Share-Based Compensation (Tables)
Share-Based Compensation - Disclosure Of Share-Based Compensation Expense (Details)
Share-Based Compensation - Narrative (Details)

Material Contracts, Statements, Certifications & more

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

Exhibit 4.1: Instruments Defining The Rights Of Security Holders, Including Indentures
Exhibit 4.2: Instruments Defining The Rights Of Security Holders, Including Indentures
Exhibit 4.3: Instruments Defining The Rights Of Security Holders, Including Indentures
Exhibit 4.4: Instruments Defining The Rights Of Security Holders, Including Indentures
Exhibit 4.5: Instruments Defining The Rights Of Security Holders, Including Indentures
Exhibit 4.6: Instruments Defining The Rights Of Security Holders, Including Indentures
Exhibit 4.7: Instruments Defining The Rights Of Security Holders, Including Indentures
Exhibit 4.8: Instruments Defining The Rights Of Security Holders, Including Indentures
Exhibit 4.9: Instruments Defining The Rights Of Security Holders, Including Indentures
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 10.3: Material Contract
Exhibit 10.4: Material Contract
Exhibit 10.5: Material Contract
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-Q Quarterly Report
Accession Number: 0001703056-22-000126
Submitted to the SEC: Thu May 05 2022 6:22:11 PM EST
Accepted by the SEC: Fri May 06 2022
Period: Thursday, March 31, 2022
Industry: Detective Guard And Armored Car Services

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