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Realogy Holdings Corp. (RLGY) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 31, 2016

Realogy Holdings Corp.

CIK: 1398987 Ticker: RLGY
Realogy Reports Financial Results for Full Year 2016                            1

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REALOGY REPORTS FINANCIAL RESULTS
FOR FULL YEAR 2016

Company Initiates New $300 Million Share Repurchase Authorization

MADISON, N.J. (February 24, 2017) - Realogy Holdings Corp. (NYSE: RLGY), the largest full-service residential real estate services company in the United States, today reported financial results for the full year ended December 31, 2016, including the following highlights:

Revenue was $5.81 billion, an increase of 2% compared with the full year 2015, driven by organic and acquisition revenue increases at Title Resource Group (TRG).
The Company's combined homesale transaction volume increased 4% in the year, consisting of a 6% volume gain at the Realogy Franchise Group (RFG) and flat volume at the Company-owned brokerage segment (NRT).
Net income was $213 million, a 16% increase compared with $184 million in 2015. Basic earnings per share (EPS) was $1.47, a 17% increase compared with $1.26 in 2015.
Adjusted net income was $239 million, an 8% increase compared with $222 million in 2015. Adjusted basic EPS was $1.65, a 9% increase compared with $1.52 in 2015. (See Table 1a).1
Operating EBITDA was $770 million, compared with $769 million in 2015. (See Table 5).2
The Company returned $225 million of capital to shareholders through repurchases and dividends in 2016.
“Our 2016 results continued to reflect the operating challenges of strong competition for sales agents and soft demand at the high end of the housing market for NRT," said Richard A. Smith, Realogy’s chairman, chief executive officer and president. “While we still have work to do, we have made good progress. Our strategic priorities are to continue strengthening our core businesses while further investing capital to drive future growth. Reflecting our strong free cash flow, we are pleased to expand on our capital return program through an additional $300 million share repurchase authorization. We are confident that over the long term we are well-positioned to capitalize on favorable demand conditions and existing homesale volume growth within the industry.”
Operational Results
Below are some of the highlights of Realogy's key strategic initiatives from 2016 and the start of 2017:
NRT is executing on an aggressive campaign to increase the Company's recruitment of productive independent sales agents and agent teams, and continues to enhance its existing agent retention and productivity programs.
Realogy formalized plans for an integrated learning institute aimed at enhancing agent and broker productivity by offering customized learning opportunities to serve new and experienced sales agents as well as brokerage managers across both NRT and RFG. 
The Realogy Franchise Group continues to deploy its proprietary Zap technology platform. Initial data indicates that sales agents actively using Zap are closing more transactions than those who are not.
On February 15, 2017, Realogy agreed to form a new mortgage origination joint venture (JV) with Guaranteed Rate, one of the largest independent retail mortgage companies in the United States. The new JV, which will operate as Guaranteed Rate Affinity, has agreed to acquire certain assets of the mortgage




The following information was filed by Realogy Holdings Corp. (RLGY) on Friday, February 24, 2017 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 Document And Entity Information
Consolidated Balance Sheet Parenthetical
Consolidated Balance Sheets
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Loss
Consolidated Statements Of Equity (deficit)
Consolidated Statements Of Operations
Derivative Instruments (details)
Earnings (loss) Per Share (details)
Earnings (loss) Per Share (notes)
Ebitda (details)
Fair Value Indebtedness Table (details)
Financial Instruments (details)
Geographic Region (details)
Interest Rate, Credit, And Market Risk Exposures (details)
Note 1. Basis Of Presentation Basis Of Presentation (notes)
Note 1. Basis Of Presentation Business Description (details)
Note 10. Income Taxes Accounting For Uncertainty In Income Taxes (details)
Note 10. Income Taxes Deferred Income Tax Assets And Liabilities (details)
Note 10. Income Taxes Income Tax Provision (details)
Note 10. Income Taxes Income Taxes (notes)
Note 10. Income Taxes Income Taxes (tables)
Note 10. Income Taxes Pre-tax Income (loss) For Domestic And Foreign Operations (details)
Note 10. Income Taxes Reconciliation Of Effective Tax Rate (details)
Note 10. Income Taxes Tax Sharing Agreement (details)
Note 11. Restructuring Costs Restructuring Costs (details)
Note 11. Restructuring Costs Restructuring Costs (notes)
Note 11. Restructuring Costs Restructuring Costs (tables)
Note 12. Stock-based Compensation Incentive Equity Awards Activity - Summary Of Market Performance Units Valuation Assumptions (details)
Note 12. Stock-based Compensation Incentive Equity Awards Activity - Summary Of Option Activity (details)
Note 12. Stock-based Compensation Incentive Equity Awards Activity - Summary Of Restricted Stock Unit And Performance Unit Activity (details)
Note 12. Stock-based Compensation Incentive Equity Awards Activity - Summary Of Stock Options Valuation Assumptions (details)
Note 12. Stock-based Compensation Introduction Narrative (details)
Note 12. Stock-based Compensation Stock-based Compensation (notes)
Note 12. Stock-based Compensation Stock-based Compensation (tables)
Note 12. Stock-based Compensation Stock-based Compensation Expense (details)
Note 12. Stock-based Compensation Summary Of Exercisable Stock Options (details)
Note 13. Separation Adjustments, Transactions With Former Parent And Subsidiaries And Related Parties Separation Adjustments, Transactions With Former Parent And Subsidiaries And Related Parties (notes)
Note 13. Separation Adjustments, Transactions With Former Parent And Subsidiaries And Related Parties Transfer Of Cendant Corporate Liabilities And Issuance Of Guarantees To Cendant And Affiliates (details)
Note 14. Commitments And Contingencies Commitments And Contingencies (notes)
Note 14. Commitments And Contingencies Commitments And Contingencies (tables)
Note 14. Commitments And Contingencies Contingent Liability Letter Of Credit (details)
Note 14. Commitments And Contingencies Escrow And Trust Deposits (details)
Note 14. Commitments And Contingencies Future Minimum Lease Payments (details)
Note 14. Commitments And Contingencies Litigation And Tax Matters (details)
Note 14. Commitments And Contingencies Other Guarantees, Insurance And Self-insurance (details)
Note 14. Commitments And Contingencies Purchase Commitments And Minimum Licensing Fees (details)
Note 15. Equity (deficit) Accumulated Other Comprehensive Loss (details)
Note 15. Equity (deficit) Equity (deficit) (notes)
Note 15. Equity (deficit) Equity (deficit) (tables)
Note 15. Equity (deficit) Statement Of Equity (deficit) (details)
Note 16. Earnings (loss) Per Share Earnings (loss) Per Share (tables)
Note 2. Summary Of Significant Accounting Policies Derivative Instruments (details)
Note 2. Summary Of Significant Accounting Policies Investments (details)
Note 2. Summary Of Significant Accounting Policies New Accounting Pronouncements (details)
Note 2. Summary Of Significant Accounting Policies Property, Plant And Equipment (details)
Note 2. Summary Of Significant Accounting Policies Summary Of Significant Accounting Policies (details)
Note 2. Summary Of Significant Accounting Policies Summary Of Significant Accounting Policies (notes)
Note 2. Summary Of Significant Accounting Policies Summary Of Significant Accounting Policies (policies)
Note 2. Summary Of Significant Accounting Policies Summary Of Significant Accounting Policies (tables)
Note 2. Summary Of Significant Accounting Policies Supplemental Cash Flow Information (details)
Note 20. Subsequent Events Subsequent Events (details)
Note 20. Subsequent Events Subsequent Events (notes)
Note 3. Acquisitions Acquisitions (details)
Note 3. Acquisitions Acquisitions (notes)
Note 4. Intangible Assets Amortization Expense (details)
Note 4. Intangible Assets Goodwill (details)
Note 4. Intangible Assets Intangible Assets (details)
Note 4. Intangible Assets Intangible Assets (notes)
Note 4. Intangible Assets Intangible Assets (tables)
Note 5. Franchising And Marketing Activities Change In The Number Of Franchised And Company Owned Outlets (details)
Note 5. Franchising And Marketing Activities Franchising And Marketing Activities (details)
Note 5. Franchising And Marketing Activities Franchising And Marketing Activities (notes)
Note 5. Franchising And Marketing Activities Franchising And Marketing Activities (tables)
Note 6. Property And Equipment, Net Property And Equipment, Net (details)
Note 6. Property And Equipment, Net Property And Equipment, Net (notes)
Note 6. Property And Equipment, Net Property And Equipment, Net (tables)
Note 7. Accrued Expenses And Other Current Liabilities Accrued Expenses And Other Current Liabilities (details)
Note 7. Accrued Expenses And Other Current Liabilities Accrued Expenses And Other Current Liabilities (notes)
Note 7. Accrued Expenses And Other Current Liabilities Accrued Expenses And Other Current Liabilities (tables)
Note 8. Short And Long-term Debt Debt Maturities Table (details)
Note 8. Short And Long-term Debt Loss On The Early Extinguishment Of Debt And Write-off Of Deferred Financing Costs (details)
Note 8. Short And Long-term Debt Other Debt Facilities (details)
Note 8. Short And Long-term Debt Schedule Of Debt (details)
Note 8. Short And Long-term Debt Schedule Of Total Indebtedness (details)
Note 8. Short And Long-term Debt Securitization Obligations (details)
Note 8. Short And Long-term Debt Senior Secured Credit Facility (details)
Note 8. Short And Long-term Debt Short And Long-term Debt (notes)
Note 8. Short And Long-term Debt Short And Long-term Debt (tables)
Note 8. Short And Long-term Debt Term Loan A Facility (details)
Note 8. Short And Long-term Debt Unsecured Notes (details)
Note 9. Employee Benefit Plans Changes In Benefit Obligations And Plan Assets Table (details)
Note 9. Employee Benefit Plans Employee Benefit Plans (notes)
Note 9. Employee Benefit Plans Employee Benefit Plans (tables)
Note 9. Employee Benefit Plans Estimated Future Funding (details)
Note 9. Employee Benefit Plans Fair Value Of Plan Assets By Category (details)
Note 9. Employee Benefit Plans Other Employee Benefit Plans (details)
Reconciliation Of Assets From Segment To Consolidated (details)
Reconciliation Of Capital Expenditures From Segment To Consolidated (details)
Reconciliation Of Depreciation And Amortization From Segments To Consolidated (details)
Reconciliation Of Revenue From Segments To Consolidated (details)
Risk Management And Fair Value Of Financial Instruments (notes)
Risk Management And Fair Value Of Financial Instruments (tables)
Segment Information (notes)
Segment Information (tables)
Selected Quarterly Financial Data (unaudited) (details)
Selected Quarterly Financial Data (unaudited) (notes)
Selected Quarterly Financial Data (unaudited) (tables)
Ticker: RLGY
CIK: 1398987
Form Type: 10-K Annual Report
Accession Number: 0001398987-17-000015
Submitted to the SEC: Fri Feb 24 2017 7:43:59 AM EST
Accepted by the SEC: Fri Feb 24 2017
Period: Saturday, December 31, 2016
Industry: Real Estate Agents And Managers For Others

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