ADT (ADT) Financials

$7.86 -0.02 (-0.19%)

Closing price 04/17/2025 03:59 PM Eastern

Extended Trading

$7.64 -0.23 (-2.86%)

As of 04/17/2025 05:48 PM Eastern

Annual Income Statements for ADT

This table shows ADT's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	296	-537	-1,186	-656	-424	-632	-341	133	463	501
Consolidated Net Income / (Loss)	296	-537	343	-609	-424	-632	-341	133	463	501
Net Income / (Loss) Continuing Operations	296	-537	-1,186	-656	-424	-632	-344	312	450	619
Total Pre-Tax Income	437	-803	-422	-633	-522	-779	-476	404	604	815
Total Operating Income	639	-229	282	278	196	41	9.79	725	1,179	1,208
Total Gross Profit	1,999	2,256	3,420	3,540	3,735	3,798	3,430	3,683	3,901	4,051
Total Revenue	3,574	2,950	4,316	4,582	5,126	5,315	4,203	4,382	4,653	4,898
Operating Revenue	3,574	2,950	4,316	4,582	5,126	5,315	4,203	4,382	4,653	4,898
Total Cost of Revenue	1,575	693	896	1,041	1,390	1,517	773	699	752	847
Operating Cost of Revenue	1,575	693	896	1,041	1,390	1,517	773	699	752	847
Total Operating Expenses	1,360	2,486	3,137	3,262	3,539	3,758	3,420	2,958	2,722	2,843
Selling, General & Admin Expense	1,305	859	1,209	1,247	1,407	1,724	1,541	1,348	1,348	1,476
Depreciation Expense	-	1,233	1,863	1,931	1,989	1,914	1,840	1,600	1,335	1,343
Restructuring Charge	-	394	65	-3.34	36	120	39	9.94	39	24
Total Other Income / (Expense), net	-202	-573	-704	-910	-719	-820	-486	-321	-575	-393
Interest Expense	-	28	4.33	275	104	120	37	0.00	17	4.80
Interest & Investment Income	-205	-521	-733	-663	-620	-708	-457	-263	-570	-441
Other Income / (Expense), net	3.00	-24	33	28	5.01	8.29	8.31	-58	12	53
Income Tax Expense	141	-266	-764	-23	-98	-147	-132	88	161	196
Other Gains / (Losses), net	-	-	-	-	-	0.00	0.00	-4.60	6.57	0.00
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	3.36	-180	13	-118
Basic Earnings per Share	$1.73	($0.84)	$0.53	$0.00	($0.57)	($1.54)	($0.82)	$0.30	$1.02	$1.12
Weighted Average Basic Shares Outstanding	171M	640.73M	641.07M	0.00	747.24M	776.34M	825.37M	903.21M	911.59M	901.27M
Diluted Earnings per Share	$1.72	($0.84)	$0.53	$0.00	($0.57)	($1.56)	($0.82)	$0.28	$0.96	$1.04
Weighted Average Diluted Shares Outstanding	172M	640.73M	641.07M	0.00	0.00	778.43M	0.00	969.81M	973.89M	963.45M
Weighted Average Basic & Diluted Shares Outstanding	164.94M	-	646.50M	752M	1.09B	816.78M	956.33M	917.04M	922.31M	876.50M
Cash Dividends to Common per Share	$0.63	-	$1.17	$0.00	$0.84	-	-	$0.14	$0.14	$0.22

This table shows ADT's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	-161	151	-119	92	-86	576	92	92	127	190
Consolidated Net Income / (Loss)	-161	151	-119	92	-86	576	92	92	127	190
Net Income / (Loss) Continuing Operations	-169	338	-127	180	123	273	92	126	132	270
Total Pre-Tax Income	-183	386	-198	249	160	393	122	186	182	325
Total Operating Income	2.63	436	-26	332	307	566	195	284	326	402
Total Gross Profit	1,011	544	987	980	992	941	973	1,008	1,022	1,048
Total Revenue	1,290	-54	1,277	1,168	1,180	1,028	1,209	1,205	1,244	1,241
Operating Revenue	1,290	-54	1,277	1,168	1,180	1,028	1,209	1,205	1,244	1,241
Total Cost of Revenue	279	-597	290	188	187	87	236	196	222	193
Operating Cost of Revenue	279	-597	290	188	187	87	236	196	222	193
Total Operating Expenses	1,009	108	1,013	648	686	375	778	724	695	646
Selling, General & Admin Expense	415	-37	393	319	346	289	398	388	359	331
Depreciation Expense	387	337	362	321	330	323	334	334	335	339
Restructuring Charge	4.75	8.51	16	8.33	9.82	5.28	45	1.85	1.59	-24
Total Other Income / (Expense), net	-186	-50	-172	-83	-146	-173	-73	-98	-144	-77
Interest & Investment Income	-30	-145	-171	-83	-147	-168	-89	-110	-162	-81
Other Income / (Expense), net	-156	96	-1.19	0.52	0.66	12	16	12	18	8.03
Income Tax Expense	-16	46	-74	67	34	133	31	60	50	55
Net Income / (Loss) Discontinued Operations	7.87	-	7.94	-88	-209	302	0.02	-34	-4.87	-80
Basic Earnings per Share	($0.36)	$0.34	($0.26)	$0.20	($0.18)	$1.26	$0.20	$0.20	$0.28	$0.44
Weighted Average Basic Shares Outstanding	904.98M	903.21M	909.04M	912.33M	912.17M	911.59M	910.64M	903.02M	905.21M	901.27M
Diluted Earnings per Share	($0.36)	$0.32	($0.26)	$0.18	($0.18)	$1.22	$0.20	$0.20	$0.26	$0.38
Weighted Average Diluted Shares Outstanding	904.98M	969.81M	909.04M	971.60M	972.52M	973.89M	973.14M	963.87M	0.00	963.45M
Weighted Average Basic & Diluted Shares Outstanding	913.47M	917.04M	921.58M	921.23M	921.82M	922.31M	910.37M	911.83M	907.01M	876.50M

This table details how cash moves in and out of ADT's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	12	35	36	242	-318	159	-174	340	-244	74
Net Cash From Operating Activities	1,605	618	1,592	1,788	1,873	1,367	1,650	1,888	1,658	1,885
Net Cash From Continuing Operating Activities	1,583	618	1,592	1,788	1,873	1,367	1,650	1,897	1,658	1,885
Net Income / (Loss) Continuing Operations	296	-537	343	-609	-424	-632	-341	133	463	501
Consolidated Net Income / (Loss)	296	-537	343	-609	-424	-632	-341	133	463	501
Depreciation Expense	1,124	1,233	1,863	1,931	1,989	1,914	1,915	1,694	1,389	1,345
Amortization Expense	141	69	5.04	60	-27	-28	-46	-81	-113	-122
Non-Cash Adjustments To Reconcile Net Income	79	67	72	476	342	255	-1.78	75	137	347
Changes in Operating Assets and Liabilities, net	-35	-215	-691	-70	-7.06	-142	124	77	-218	-187
Net Cash From Investing Activities	-1,406	-9,412	-1,413	-1,738	-978	-1,137	-1,696	-1,533	242	-1,295
Net Cash From Continuing Investing Activities	-1,406	-9,412	-1,413	-1,738	-978	-1,137	-1,696	-1,533	242	-1,295
Purchase of Property, Plant & Equipment	-103	-78	-131	-127	-159	-157	-168	-177	-176	-164
Acquisitions	-4.00	-8,909	-717	-694	-778	-605	-839	-622	-589	-586
Purchase of Investments	-	-	-	-353	-	-	-	-	0.00	-8.27
Divestitures	-	-	0.00	0.00	496	-2.45	1.81	27	1,609	-18
Other Investing Activities, net	-1,299	-466	-566	-565	-537	-373	-691	-761	-602	-520
Net Cash From Financing Activities	-184	8,829	-143	193	-1,214	-70	-128	-15	-2,144	-515
Net Cash From Continuing Financing Activities	-184	8,829	-143	193	-1,214	-70	-128	-15	-2,144	-515
Repayment of Debt	-505	-1,532	-737	-1,556	-3,848	-3,065	-1,120	-732	-2,913	-1,219
Repurchase of Common Equity	-324	-	-0.40	-0.34	-204	-0.00	0.00	-1,200	0.00	-241
Payment of Dividends	-142	0.00	-750	-79	-565	-109	-116	-127	-129	-182
Issuance of Debt	755	6,040	1,344	423	3,403	2,723	1,196	827	867	1,069
Issuance of Common Equity	-	0.00	0.00	1,406	0.00	448	0.00	1,180	0.00	0.00
Other Financing Activities, net	32	3,662	-	-	-	-66	-88	37	30	57

This table details how cash moves in and out of ADT's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	4.24	314	-70	-43	95	-226	-11	30	56	-0.68
Net Cash From Operating Activities	498	567	307	493	446	412	364	563	498	460
Net Cash From Continuing Operating Activities	498	576	307	493	446	412	364	563	498	460
Net Income / (Loss) Continuing Operations	-161	151	-119	92	-86	576	92	92	127	190
Consolidated Net Income / (Loss)	-161	151	-119	92	-86	576	92	92	127	190
Depreciation Expense	406	412	383	346	330	330	334	334	335	341
Amortization Expense	-22	-24	-25	-27	-29	-31	-29	-31	-32	-29
Non-Cash Adjustments To Reconcile Net Income	240	-244	285	237	147	-532	89	68	49	140
Changes in Operating Assets and Liabilities, net	35	282	-217	-155	85	70	-123	100	18	-182
Net Cash From Investing Activities	-401	-324	-336	-319	-333	1,231	-300	-333	-402	-261
Net Cash From Continuing Investing Activities	-401	-324	-336	-319	-333	1,231	-300	-333	-402	-261
Purchase of Property, Plant & Equipment	-48	-41	-59	-30	-41	-46	-41	-47	-43	-34
Acquisitions	-159	-108	-116	-136	-133	-203	-118	-142	-214	-112
Divestitures	0.05	0.02	-	-	-	1,609	-	-	-	3.49
Other Investing Activities, net	-194	-175	-161	-152	-159	-130	-140	-141	-122	-117
Net Cash From Financing Activities	-93	71	-41	-217	-18	-1,869	-75	-200	-41	-199
Net Cash From Continuing Financing Activities	-93	71	-41	-217	-18	-1,869	-75	-200	-41	-199
Repayment of Debt	-220	-109	-678	-321	-69	-1,845	-127	-1,056	-117	81
Repurchase of Common Equity	-	-	0.00	-	-	-	-93	-	-	-147
Payment of Dividends	-32	-32	-32	-32	-32	-32	-32	-50	-50	-50
Issuance of Debt	173	135	664	126	72	4.99	161	890	109	-91
Other Financing Activities, net	-14	98	5.34	9.67	12	3.36	17	16	17	7.94

This table presents ADT's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	10,726	17,015	17,209	16,084	16,117	16,894	17,821	15,964	16,051
Total Current Assets	399	456	854	625	967	993	1,722	1,005	1,005
Cash & Equivalents	78	123	363	49	205	24	257	15	96
Restricted Cash	-	-	3.99	0.00	-	8.82	116	115	108
Accounts Receivable	102	149	246	287	336	442	335	370	394
Inventories, net	76	107	115	138	216	348	237	201	197
Prepaid Expenses	47	77	130	151	210	169	307	242	211
Other Current Nonoperating Assets	-	-	-	-	-	-	470	61	0.00
Plant, Property, & Equipment, net	283	332	327	329	326	0.00	0.00	254	247
Total Noncurrent Assets	10,044	16,226	16,028	15,129	14,824	15,902	16,099	14,706	14,799
Goodwill	3,680	5,071	5,082	4,960	5,236	5,943	5,430	4,904	4,904
Intangible Assets	2,999	7,857	7,488	6,670	5,907	5,413	4,927	4,877	4,854
Other Noncurrent Operating Assets	3,365	3,299	3,458	3,500	3,681	4,545	4,856	4,881	5,041
Other Noncurrent Nonoperating Assets	-	-	-	-	-	-	886	43	0.00
Total Liabilities & Shareholders' Equity	10,726	17,015	17,209	16,084	16,117	16,894	17,821	15,964	16,051
Total Liabilities	7,807	13,582	12,984	12,899	13,078	13,646	14,428	12,175	12,250
Total Current Liabilities	658	896	1,012	1,120	1,296	1,703	2,661	1,480	1,264
Short-Term Debt	5.00	48	58	58	45	118	858	312	196
Accounts Payable	190	188	221	242	322	475	418	277	154
Accrued Expenses	-	351	398	477	584	737	777	556	635
Current Deferred Revenue	232	309	335	342	346	374	310	255	248
Other Current Nonoperating Liabilities	-	-	-	-	-	-	299	80	32
Total Noncurrent Liabilities	7,149	12,685	11,971	11,780	11,782	11,942	11,767	10,695	10,986
Long-Term Debt	5,389	10,121	9,944	9,634	9,448	9,575	8,947	7,513	7,511
Noncurrent Deferred Revenue	895	369	544	674	832	1,199	1,581	1,915	2,068
Noncurrent Deferred & Payable Income Tax Liabilities	732	1,377	1,342	1,166	991	867	893	1,027	1,167
Other Noncurrent Operating Liabilities	133	819	141	305	511	301	240	219	224
Other Noncurrent Nonoperating Liabilities	-	-	-	-	-	-	106	21	16
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,919	3,433	4,225	3,184	3,039	3,249	3,393	3,789	3,801
Total Preferred & Common Equity	2,919	3,433	4,225	3,184	3,039	3,249	3,393	3,789	3,801
Preferred Stock	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,919	3,433	4,225	3,184	3,039	3,249	3,393	3,789	3,801
Common Stock	2,376	4,435	5,977	5,985	6,649	7,270	7,390	7,423	7,126
Retained Earnings	633	-998	-1,680	-2,742	-3,491	-3,953	-3,950	-3,618	-3,318
Accumulated Other Comprehensive Income / (Loss)	-90	-4.01	-72	-58	-119	-69	-47	-16	-7.04

This table presents ADT's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	17,516	17,445	17,334	17,431	15,944	15,986	16,085
Total Current Assets	1,364	1,625	1,555	1,635	1,001	986	1,003
Cash & Equivalents	46	186	146	239	4.04	38	95
Restricted Cash	-	117	114	117	115	111	109
Accounts Receivable	540	598	622	384	387	386	397
Inventories, net	424	399	370	207	210	203	203
Prepaid Expenses	355	324	302	238	285	241	195
Other Current Nonoperating Assets	-	-	-	450	-	6.19	3.32
Plant, Property, & Equipment, net	377	356	341	276	261	263	260
Total Noncurrent Assets	15,775	15,465	15,439	15,520	14,682	14,737	14,822
Goodwill	5,770	5,526	5,344	4,904	4,904	4,904	4,904
Intangible Assets	5,186	5,020	5,004	4,823	4,844	4,836	4,899
Other Noncurrent Operating Assets	4,819	4,919	5,090	4,897	4,934	4,995	5,019
Other Noncurrent Nonoperating Assets	-	-	-	895	-	2.56	0.57
Total Liabilities & Shareholders' Equity	17,516	17,445	17,334	17,431	15,944	15,986	16,085
Total Liabilities	14,349	14,200	14,016	14,192	12,208	12,178	12,187
Total Current Liabilities	2,686	1,999	2,319	2,279	1,409	1,315	1,245
Short-Term Debt	858	465	836	835	322	192	197
Accounts Payable	490	398	375	276	260	222	227
Accrued Expenses	909	741	722	582	575	605	534
Current Deferred Revenue	429	395	386	272	252	247	250
Other Current Nonoperating Liabilities	-	-	-	314	-	49	38
Total Noncurrent Liabilities	11,663	12,201	11,697	11,913	10,799	10,862	10,942
Long-Term Debt	8,945	9,376	8,835	8,832	7,567	7,532	7,525
Noncurrent Deferred Revenue	1,555	1,735	1,826	1,849	1,976	2,035	2,058
Noncurrent Deferred & Payable Income Tax Liabilities	915	824	764	909	1,039	1,080	1,117
Other Noncurrent Operating Liabilities	248	266	273	216	217	200	230
Other Noncurrent Nonoperating Liabilities	-	-	-	107	-	16	12
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,168	3,245	3,318	3,239	3,736	3,808	3,897
Total Preferred & Common Equity	3,168	3,245	3,318	3,239	3,736	3,808	3,897
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,168	3,245	3,318	3,239	3,736	3,808	3,897
Common Stock	7,283	7,390	7,399	7,416	7,327	7,356	7,367
Retained Earnings	-4,068	-4,102	-4,042	-4,161	-3,577	-3,535	-3,459
Accumulated Other Comprehensive Income / (Loss)	-47	-43	-40	-17	-14	-13	-11

This table displays calculated financial ratios and metrics derived from ADT's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.87%	-17.47%	46.30%	6.17%	11.87%	3.69%	-20.92%	4.26%	6.18%	5.28%
EBITDA Growth	6.24%	-45.00%	108.20%	5.15%	-5.79%	-10.57%	-2.47%	20.83%	8.19%	0.70%
EBIT Growth	2.88%	-139.40%	224.72%	-3.19%	-34.04%	-75.71%	-63.00%	3,587.17%	78.41%	5.88%
NOPAT Growth	-6.67%	-137.09%	223.17%	-1.63%	-29.30%	-79.31%	-75.91%	8,185.80%	52.45%	6.03%
Net Income Growth	-2.63%	-281.28%	163.85%	-277.79%	30.37%	-49.05%	46.09%	138.92%	249.01%	8.22%
EPS Growth	3.61%	-148.84%	163.10%	-100.00%	0.00%	-173.68%	47.44%	134.15%	242.86%	8.33%
Operating Cash Flow Growth	5.66%	-61.53%	157.79%	12.29%	4.78%	-27.03%	20.70%	14.44%	-12.19%	13.70%
Free Cash Flow Firm Growth	360.25%	2,144.01%	-264.49%	98.57%	717.53%	-54.88%	-208.48%	378.95%	-21.41%	-16.89%
Invested Capital Growth	0.89%	0.00%	0.00%	2.85%	-7.47%	-3.91%	4.72%	-8.01%	-3.31%	-1.12%
Revenue Q/Q Growth	0.45%	0.00%	0.00%	0.00%	0.00%	0.31%	-19.81%	-7.01%	30.27%	4.55%
EBITDA Q/Q Growth	1.44%	0.00%	0.00%	20.20%	6.04%	-3.08%	0.03%	23.57%	-1.70%	-5.89%
EBIT Q/Q Growth	1.90%	0.00%	0.00%	0.00%	0.00%	-49.41%	-35.56%	362.13%	4.05%	-11.74%
NOPAT Q/Q Growth	-0.76%	0.00%	0.00%	0.00%	0.00%	-53.85%	-54.51%	175.81%	-5.90%	-3.03%
Net Income Q/Q Growth	-0.34%	0.00%	0.00%	0.00%	0.00%	-6.77%	13.70%	274.48%	1,122.08%	-43.51%
EPS Q/Q Growth	0.58%	0.00%	0.00%	0.00%	0.00%	-403.23%	59.41%	255.56%	1,500.00%	-44.68%
Operating Cash Flow Q/Q Growth	4.63%	0.00%	0.00%	3.00%	1.75%	-2.87%	7.91%	3.99%	-8.54%	2.59%
Free Cash Flow Firm Q/Q Growth	313.11%	0.00%	0.00%	0.00%	46.11%	-13.46%	-579.59%	472.44%	-43.26%	-5.88%
Invested Capital Q/Q Growth	0.12%	0.00%	0.00%	0.85%	-0.89%	-0.54%	5.04%	-8.13%	-1.25%	-0.95%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	55.93%	76.49%	79.24%	77.27%	72.88%	71.47%	81.61%	84.05%	83.84%	82.71%
EBITDA Margin	53.36%	35.56%	50.60%	50.12%	42.21%	36.40%	44.90%	52.03%	53.02%	50.71%
Operating Margin	17.88%	-7.77%	6.54%	6.06%	3.83%	0.76%	0.23%	16.55%	25.34%	24.66%
EBIT Margin	17.96%	-8.58%	7.31%	6.67%	3.93%	0.92%	0.43%	15.23%	25.60%	25.74%
Profit (Net Income) Margin	8.28%	-18.19%	7.94%	-13.30%	-8.28%	-11.90%	-8.11%	3.03%	9.95%	10.23%
Tax Burden Percent	67.73%	66.84%	-81.25%	96.29%	81.22%	81.16%	71.63%	32.80%	76.61%	61.47%
Interest Burden Percent	68.07%	317.35%	-133.66%	-207.13%	-259.21%	-1,591.81%	-2,628.34%	60.59%	50.75%	64.64%
Effective Tax Rate	32.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	21.68%	26.57%	24.02%
Return on Invested Capital (ROIC)	5.28%	0.00%	2.93%	1.42%	1.03%	0.23%	0.05%	4.58%	7.41%	8.04%
ROIC Less NNEP Spread (ROIC-NNEP)	2.64%	0.00%	5.82%	-6.74%	-4.80%	-6.75%	-3.62%	-0.22%	2.43%	2.57%
Return on Net Nonoperating Assets (RNNOA)	4.51%	0.00%	17.03%	-17.33%	-12.48%	-20.54%	-10.89%	-0.59%	5.48%	5.16%
Return on Equity (ROE)	9.79%	0.00%	19.96%	-15.91%	-11.45%	-20.32%	-10.84%	3.99%	12.89%	13.20%
Cash Return on Invested Capital (CROIC)	4.39%	0.00%	-197.07%	-1.39%	8.79%	4.21%	-4.55%	12.93%	10.78%	9.17%
Operating Return on Assets (OROA)	6.04%	0.00%	1.85%	1.78%	1.21%	0.30%	0.11%	3.85%	7.05%	7.88%
Return on Assets (ROA)	2.78%	0.00%	2.01%	-3.56%	-2.55%	-3.93%	-2.06%	0.76%	2.74%	3.13%
Return on Common Equity (ROCE)	9.79%	0.00%	19.96%	-15.91%	-11.45%	-20.32%	-10.84%	3.99%	12.89%	13.20%
Return on Equity Simple (ROE_SIMPLE)	10.14%	0.00%	9.98%	-14.42%	-13.32%	-20.80%	-10.49%	3.91%	12.22%	13.18%
Net Operating Profit after Tax (NOPAT)	433	-161	198	194	138	28	6.85	568	866	918
NOPAT Margin	12.11%	-5.44%	4.58%	4.24%	2.68%	0.54%	0.16%	12.96%	18.61%	18.74%
Net Nonoperating Expense Percent (NNEP)	2.64%	0.00%	-2.89%	8.16%	5.83%	6.98%	3.67%	4.80%	4.98%	5.47%
Return On Investment Capital (ROIC_SIMPLE)	5.21%	-	1.45%	1.37%	1.07%	0.23%	0.05%	4.30%	7.45%	7.98%
Cost of Revenue to Revenue	44.07%	23.51%	20.76%	22.73%	27.12%	28.53%	18.39%	15.95%	16.16%	17.29%
SG&A Expenses to Revenue	36.51%	29.12%	28.02%	27.22%	27.44%	32.43%	36.67%	30.77%	28.97%	30.14%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	38.05%	84.27%	72.70%	71.21%	69.04%	70.70%	81.38%	67.51%	58.51%	58.04%
Earnings before Interest and Taxes (EBIT)	642	-253	315	305	201	49	18	668	1,191	1,261
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,907	1,049	2,184	2,296	2,163	1,935	1,887	2,280	2,467	2,484
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.48	0.00	1.54	0.87	1.65	1.92	1.97	2.30	1.60	1.64
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.20	1.79	1.23	0.80	1.03	1.10	1.52	1.78	1.30	1.27
Price to Earnings (P/E)	14.55	0.00	0.00	0.00	0.00	0.00	0.00	58.79	13.06	12.42
Dividend Yield	0.00%	0.00%	0.00%	2.89%	11.38%	1.96%	1.80%	1.64%	2.13%	3.21%
Earnings Yield	6.87%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.70%	7.65%	8.05%
Enterprise Value to Invested Capital (EV/IC)	1.17	0.00	1.14	0.96	1.16	1.23	1.24	1.45	1.20	1.21
Enterprise Value to Revenue (EV/Rev)	2.69	0.00	3.55	2.90	2.91	2.84	3.82	3.93	2.95	2.80
Enterprise Value to EBITDA (EV/EBITDA)	5.05	0.00	7.02	5.79	6.89	7.81	8.51	7.56	5.57	5.52
Enterprise Value to EBIT (EV/EBIT)	14.99	0.00	48.61	43.55	73.97	308.89	886.50	25.81	11.54	10.88
Enterprise Value to NOPAT (EV/NOPAT)	22.23	0.00	77.57	68.40	108.36	531.32	2,341.69	30.34	15.88	14.95
Enterprise Value to Operating Cash Flow (EV/OCF)	6.00	0.00	9.63	7.44	7.96	11.06	9.73	9.13	8.29	7.28
Enterprise Value to Free Cash Flow (EV/FCFF)	26.74	0.00	0.00	0.00	12.70	28.55	0.00	10.75	10.91	13.11
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.85	0.00	2.96	2.37	3.04	3.12	2.98	2.89	2.07	2.03
Long-Term Debt to Equity	1.85	0.00	2.95	2.35	3.03	3.11	2.95	2.64	1.98	1.98
Financial Leverage	1.71	0.00	2.93	2.57	2.60	3.04	3.01	2.73	2.25	2.01
Leverage Ratio	3.52	0.00	4.96	4.47	4.49	5.17	5.25	5.23	4.70	4.22
Compound Leverage Factor	2.39	0.00	-6.62	-9.26	-11.65	-82.36	-137.98	3.17	2.39	2.73
Debt to Total Capital	64.89%	0.00%	74.76%	70.30%	75.27%	75.75%	74.90%	74.29%	67.38%	66.97%
Short-Term Debt to Total Capital	0.06%	0.00%	0.35%	0.41%	0.45%	0.36%	0.91%	6.50%	2.69%	1.70%
Long-Term Debt to Total Capital	64.83%	0.00%	74.41%	69.90%	74.82%	75.39%	73.99%	67.79%	64.69%	65.27%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	35.11%	0.00%	25.24%	29.70%	24.73%	24.25%	25.10%	25.71%	32.62%	33.03%
Debt to EBITDA	2.83	0.00	4.66	4.36	4.48	4.91	5.14	4.30	3.17	3.10
Net Debt to EBITDA	2.79	0.00	4.60	4.20	4.46	4.80	5.12	4.14	3.12	3.02
Long-Term Debt to EBITDA	2.83	0.00	4.63	4.33	4.45	4.88	5.07	3.92	3.05	3.02
Debt to NOPAT	12.46	0.00	51.44	51.43	70.48	333.68	1,414.23	17.26	9.04	8.40
Net Debt to NOPAT	12.28	0.00	50.81	49.54	70.13	326.47	1,409.37	16.61	8.89	8.17
Long-Term Debt to NOPAT	12.45	0.00	51.19	51.13	70.06	332.11	1,397.07	15.75	8.68	8.18
Altman Z-Score	0.92	0.00	0.44	0.35	0.33	0.28	0.16	0.32	0.48	0.56
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.61	0.00	0.51	0.84	0.56	0.75	0.58	0.65	0.68	0.80
Quick Ratio	0.27	0.00	0.30	0.60	0.30	0.42	0.27	0.22	0.26	0.39
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	360	8,074	-13,282	-190	1,174	529	-574	1,602	1,259	1,047
Operating Cash Flow to CapEx	1,558.25%	786.66%	1,218.71%	1,409.80%	1,179.20%	869.48%	980.59%	1,068.67%	940.00%	1,150.70%
Free Cash Flow to Firm to Interest Expense	0.00	285.39	-3,066.66	-0.69	11.28	4.42	-15.48	0.00	75.76	217.96
Operating Cash Flow to Interest Expense	0.00	21.83	367.57	6.50	18.00	11.42	44.45	0.00	99.74	392.52
Operating Cash Flow Less CapEx to Interest Expense	0.00	19.05	337.41	6.04	16.47	10.11	39.92	0.00	89.13	358.41
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.34	0.00	0.25	0.27	0.31	0.33	0.25	0.25	0.28	0.31
Accounts Receivable Turnover	35.21	0.00	29.00	23.23	19.23	17.05	10.80	11.28	13.20	12.83
Inventory Turnover	20.72	0.00	8.38	9.37	10.96	8.55	2.74	2.39	3.43	4.26
Fixed Asset Turnover	13.04	0.00	12.98	13.90	15.64	16.24	0.00	0.00	0.00	19.56
Accounts Payable Turnover	7.91	0.00	4.77	5.09	6.00	5.38	1.94	1.57	2.16	3.93
Days Sales Outstanding (DSO)	10.37	0.00	12.59	15.72	18.98	21.40	33.79	32.35	27.64	28.45
Days Inventory Outstanding (DIO)	17.61	0.00	43.57	38.95	33.31	42.67	133.19	152.83	106.52	85.77
Days Payable Outstanding (DPO)	46.12	0.00	76.48	71.69	60.82	67.82	188.12	233.18	168.75	92.80
Cash Conversion Cycle (CCC)	-18.14	0.00	-20.33	-17.02	-8.53	-3.75	-21.13	-48.00	-34.59	21.43
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	8,235	0.00	13,479	13,864	12,828	12,327	12,908	11,874	11,480	11,351
Invested Capital Turnover	0.44	0.00	0.64	0.34	0.38	0.42	0.33	0.35	0.40	0.43
Increase / (Decrease) in Invested Capital	73	-8,235	13,479	385	-1,036	-501	581	-1,034	-394	-129
Enterprise Value (EV)	9,622	0.00	15,337	13,302	14,901	15,115	16,049	17,230	13,745	13,725
Market Capitalization	4,306	5,291	5,291	3,667	5,257	5,827	6,390	7,799	6,049	6,222
Book Value per Share	$17.18	$0.00	$20.73	$5.58	$4.28	$3.73	$3.95	$3.71	$4.11	$4.19
Tangible Book Value per Share	($22.13)	$0.00	($57.33)	($11.03)	($11.36)	($9.93)	($9.87)	($7.62)	($6.50)	($6.57)
Total Capital	8,313	0.00	13,602	14,227	12,877	12,532	12,941	13,197	11,614	11,508
Total Debt	5,394	0.00	10,169	10,002	9,692	9,493	9,693	9,804	7,826	7,707
Total Long-Term Debt	5,389	0.00	10,121	9,944	9,634	9,448	9,575	8,947	7,513	7,511
Net Debt	5,316	0.00	10,046	9,635	9,644	9,288	9,659	9,431	7,696	7,503
Capital Expenditures (CapEx)	103	78	131	127	159	157	168	177	176	164
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-332	0.00	-515	-467	-485	-489	-626	-455	-293	-267
Debt-free Net Working Capital (DFNWC)	-254	0.00	-392	-100	-436	-284	-593	-81	-163	-63
Net Working Capital (NWC)	-259	0.00	-440	-158	-494	-329	-711	-939	-476	-259
Net Nonoperating Expense (NNE)	137	376	-145	804	562	661	348	435	403	417
Net Nonoperating Obligations (NNO)	5,316	0.00	10,046	9,639	9,644	9,288	9,659	8,481	7,692	7,551
Total Depreciation and Amortization (D&A)	1,265	1,302	1,868	1,991	1,962	1,886	1,869	1,612	1,276	1,223
Debt-free, Cash-free Net Working Capital to Revenue	-9.29%	0.00%	-11.94%	-10.20%	-9.46%	-9.20%	-14.91%	-10.39%	-6.31%	-5.45%
Debt-free Net Working Capital to Revenue	-7.11%	0.00%	-9.09%	-2.19%	-8.51%	-5.34%	-14.12%	-1.86%	-3.51%	-1.29%
Net Working Capital to Revenue	-7.25%	0.00%	-10.20%	-3.46%	-9.64%	-6.18%	-16.91%	-21.43%	-10.22%	-5.28%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.73	($0.84)	$0.53	($0.81)	($0.57)	$0.00	($0.82)	$0.00	$1.02	$1.12
Adjusted Weighted Average Basic Shares Outstanding	171M	640.73M	641.07M	747.71M	747.24M	0.00	825.37M	0.00	911.59M	901.27M
Adjusted Diluted Earnings per Share	$1.72	($0.84)	$0.53	($0.81)	($0.57)	$0.00	($0.82)	$0.00	$1.02	$1.04
Adjusted Weighted Average Diluted Shares Outstanding	172M	640.73M	641.07M	747.71M	747.24M	0.00	0.00	0.00	911.59M	963.45M
Adjusted Basic & Diluted Earnings per Share	$1.73	($0.84)	$0.53	($0.81)	($0.57)	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	164.94M	0.00	646.50M	756.61M	759.88M	816.78M	901.58M	0.00	922.31M	876.50M
Normalized Net Operating Profit after Tax (NOPAT)	433	115	243	254	194	113	34	576	894	936
Normalized NOPAT Margin	12.11%	3.90%	5.63%	5.54%	3.79%	2.12%	0.82%	13.14%	19.22%	19.11%
Pre Tax Income Margin	12.23%	-27.21%	-9.77%	-13.81%	-10.19%	-14.66%	-11.32%	9.23%	12.99%	16.64%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	-8.94	72.84	1.11	1.94	0.41	0.49	0.00	71.65	262.60
NOPAT to Interest Expense	0.00	-5.67	45.65	0.71	1.32	0.24	0.18	0.00	52.09	191.15
EBIT Less CapEx to Interest Expense	0.00	-11.72	42.68	0.65	0.41	-0.90	-4.05	0.00	61.04	228.49
NOPAT Less CapEx to Interest Expense	0.00	-8.45	15.49	0.25	-0.21	-1.08	-4.35	0.00	41.48	157.04
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	47.97%	0.00%	218.90%	-13.04%	-133.15%	-17.29%	-34.14%	95.83%	27.77%	36.38%
Augmented Payout Ratio	157.43%	0.00%	219.01%	-13.10%	-181.31%	-17.29%	-34.14%	1,000.37%	27.77%	84.39%

This table displays calculated financial ratios and metrics derived from ADT's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.07%	-119.40%	-17.31%	-27.04%	-8.52%	2,014.74%	-5.32%	3.12%	5.42%	20.75%
EBITDA Growth	-53.00%	89.71%	-38.38%	9.96%	162.84%	-4.64%	56.11%	-8.05%	6.52%	-17.74%
EBIT Growth	-723.76%	6,212.34%	-134.51%	56.87%	300.16%	8.71%	889.55%	-11.09%	12.00%	-29.03%
NOPAT Growth	-88.62%	10,971.59%	-132.44%	62.62%	12,982.33%	-2.56%	918.87%	-20.62%	-1.81%	-10.76%
Net Income Growth	-47.76%	360.15%	-330.10%	0.76%	46.52%	282.00%	177.04%	0.20%	247.44%	-67.01%
EPS Growth	-38.46%	328.57%	-316.67%	-10.00%	50.00%	281.25%	176.92%	11.11%	244.44%	-68.85%
Operating Cash Flow Growth	34.82%	14.66%	-0.46%	-4.23%	-10.47%	-27.31%	18.64%	14.29%	11.64%	11.56%
Free Cash Flow Firm Growth	-624.77%	345.48%	147.18%	190.87%	342.80%	-45.88%	338.17%	113.62%	-73.91%	-39.74%
Invested Capital Growth	5.18%	-8.01%	-2.61%	-3.42%	-10.05%	-3.31%	-9.98%	-10.13%	-1.42%	-1.12%
Revenue Q/Q Growth	-19.44%	-104.16%	2,480.11%	-8.55%	1.01%	-12.91%	17.69%	-0.39%	3.26%	-0.25%
EBITDA Q/Q Growth	-60.93%	297.55%	-64.00%	96.70%	-6.62%	44.23%	-41.07%	15.85%	8.18%	11.39%
EBIT Q/Q Growth	-172.39%	446.28%	-105.03%	1,343.94%	-7.63%	88.08%	-63.46%	40.08%	16.35%	19.18%
NOPAT Q/Q Growth	-98.77%	20,762.93%	-104.66%	1,457.82%	-0.86%	55.39%	-60.86%	31.62%	22.64%	41.24%
Net Income Q/Q Growth	-276.20%	193.49%	-178.83%	177.59%	-193.52%	767.78%	-84.10%	0.92%	37.62%	49.39%
EPS Q/Q Growth	-280.00%	188.89%	-181.25%	169.23%	-200.00%	777.78%	-83.61%	0.00%	30.00%	46.15%
Operating Cash Flow Q/Q Growth	-3.13%	13.73%	-45.90%	60.71%	-9.44%	-7.67%	-11.71%	54.81%	-11.54%	-7.74%
Free Cash Flow Firm Q/Q Growth	16.90%	323.62%	-77.11%	113.64%	122.05%	-50.15%	85.29%	4.15%	-72.88%	15.12%
Invested Capital Q/Q Growth	-1.93%	-8.13%	7.65%	-0.42%	-8.66%	-1.25%	0.23%	-0.58%	0.18%	-0.95%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	78.40%	0.00%	77.30%	83.93%	84.12%	91.57%	80.50%	83.71%	82.14%	84.45%
EBITDA Margin	17.93%	0.00%	25.91%	55.73%	51.53%	85.33%	42.73%	49.69%	52.06%	58.13%
Operating Margin	0.20%	0.00%	-2.00%	28.43%	25.98%	55.07%	16.17%	23.59%	26.24%	32.40%
EBIT Margin	-11.90%	0.00%	-2.09%	28.48%	26.04%	56.23%	17.46%	24.55%	27.66%	33.05%
Profit (Net Income) Margin	-12.50%	0.00%	-9.30%	7.89%	-7.31%	56.04%	7.57%	7.67%	10.22%	15.31%
Tax Burden Percent	87.96%	39.03%	60.01%	37.01%	-53.77%	146.57%	74.93%	49.67%	69.77%	58.50%
Interest Burden Percent	119.44%	72.67%	740.64%	74.90%	52.20%	68.00%	57.88%	62.90%	52.97%	79.18%
Effective Tax Rate	0.00%	11.92%	0.00%	26.88%	21.47%	33.88%	25.09%	32.17%	27.56%	16.95%
Return on Invested Capital (ROIC)	0.05%	0.00%	-0.44%	5.91%	5.94%	14.51%	4.57%	6.12%	7.71%	11.55%
ROIC Less NNEP Spread (ROIC-NNEP)	-1.64%	0.00%	-1.49%	4.34%	2.33%	17.00%	3.94%	4.94%	6.34%	9.66%
Return on Net Nonoperating Assets (RNNOA)	-5.35%	0.00%	-4.41%	12.45%	6.61%	38.29%	9.76%	11.82%	14.18%	19.40%
Return on Equity (ROE)	-5.29%	0.00%	-4.86%	18.36%	12.54%	52.79%	14.33%	17.94%	21.90%	30.94%
Cash Return on Invested Capital (CROIC)	-3.41%	12.93%	7.66%	8.70%	18.08%	10.78%	18.73%	18.50%	9.63%	9.17%
Operating Return on Assets (OROA)	-3.34%	0.00%	-0.50%	6.05%	5.32%	15.49%	4.79%	6.81%	7.73%	10.11%
Return on Assets (ROA)	-3.51%	0.00%	-2.22%	1.68%	-1.49%	15.44%	2.08%	2.13%	2.86%	4.69%
Return on Common Equity (ROCE)	-5.29%	0.00%	-4.86%	18.36%	12.54%	52.79%	14.33%	17.94%	21.90%	30.94%
Return on Equity Simple (ROE_SIMPLE)	-2.40%	0.00%	-1.17%	-1.12%	1.17%	0.00%	18.03%	17.69%	22.76%	0.00%
Net Operating Profit after Tax (NOPAT)	1.84	384	-18	243	241	374	146	193	236	334
NOPAT Margin	0.14%	0.00%	-1.40%	20.79%	20.41%	36.41%	12.11%	16.00%	19.01%	26.91%
Net Nonoperating Expense Percent (NNEP)	1.69%	2.57%	1.04%	1.57%	3.60%	-2.50%	0.63%	1.18%	1.37%	1.89%
Return On Investment Capital (ROIC_SIMPLE)	0.01%	2.91%	-0.14%	1.87%	1.87%	3.22%	1.26%	1.67%	2.03%	2.90%
Cost of Revenue to Revenue	21.60%	0.00%	22.70%	16.07%	15.88%	8.43%	19.50%	16.29%	17.86%	15.55%
SG&A Expenses to Revenue	32.20%	0.00%	30.80%	27.33%	29.36%	28.10%	32.95%	32.25%	28.82%	26.67%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	78.19%	0.00%	79.30%	55.50%	58.13%	36.50%	64.33%	60.12%	55.91%	52.05%
Earnings before Interest and Taxes (EBIT)	-153	531	-27	333	307	578	211	296	344	410
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	231	919	331	651	608	877	517	599	648	721
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.02	2.30	1.93	1.59	1.63	1.60	1.61	1.78	1.67	1.64
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.36	1.78	1.52	1.44	1.48	1.30	1.31	1.46	1.39	1.27
Price to Earnings (P/E)	0.00	58.79	0.00	0.00	139.62	13.06	8.93	10.04	7.32	12.42
Dividend Yield	1.99%	1.64%	2.05%	2.44%	2.44%	2.13%	2.45%	2.42%	2.81%	3.21%
Earnings Yield	0.00%	1.70%	0.00%	0.00%	0.72%	7.65%	11.20%	9.96%	13.65%	8.05%
Enterprise Value to Invested Capital (EV/IC)	1.25	1.45	1.24	1.15	1.26	1.20	1.20	1.25	1.22	1.21
Enterprise Value to Revenue (EV/Rev)	3.43	3.93	3.84	3.99	4.09	2.95	3.01	3.10	2.99	2.80
Enterprise Value to EBITDA (EV/EBITDA)	8.76	7.56	7.62	6.89	5.82	5.57	5.20	5.51	5.31	5.52
Enterprise Value to EBIT (EV/EBIT)	111.88	25.81	28.06	21.49	12.76	11.54	9.65	10.30	9.81	10.88
Enterprise Value to NOPAT (EV/NOPAT)	78.49	30.34	24.31	21.71	15.87	15.88	13.80	15.14	14.80	14.95
Enterprise Value to Operating Cash Flow (EV/OCF)	8.90	9.13	8.38	7.88	8.06	8.29	8.04	8.03	7.63	7.28
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	10.75	15.93	13.03	6.58	10.91	6.06	6.41	12.60	13.11
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.09	2.89	3.03	2.91	2.99	2.07	2.11	2.03	1.98	2.03
Long-Term Debt to Equity	2.82	2.64	2.89	2.66	2.73	1.98	2.03	1.98	1.93	1.98
Financial Leverage	3.27	2.73	2.97	2.87	2.83	2.25	2.48	2.39	2.24	2.01
Leverage Ratio	5.68	5.23	5.28	5.17	5.46	4.70	4.78	4.68	4.70	4.22
Compound Leverage Factor	6.78	3.80	39.11	3.88	2.85	3.20	2.77	2.94	2.49	3.34
Debt to Total Capital	75.58%	74.29%	75.20%	74.45%	74.91%	67.38%	67.86%	66.98%	66.46%	66.97%
Short-Term Debt to Total Capital	6.61%	6.50%	3.55%	6.44%	6.47%	2.69%	2.77%	1.67%	1.69%	1.70%
Long-Term Debt to Total Capital	68.97%	67.79%	71.65%	68.02%	68.43%	64.69%	65.09%	65.31%	64.76%	65.27%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	24.42%	25.71%	24.80%	25.55%	25.09%	32.62%	32.14%	33.02%	33.54%	33.03%
Debt to EBITDA	5.31	4.30	4.75	4.53	3.85	3.17	2.97	2.97	2.93	3.10
Net Debt to EBITDA	5.29	4.14	4.60	4.41	3.71	3.12	2.93	2.91	2.85	3.02
Long-Term Debt to EBITDA	4.85	3.92	4.52	4.14	3.52	3.05	2.85	2.90	2.85	3.02
Debt to NOPAT	47.61	17.26	15.13	14.29	10.51	9.04	7.90	8.16	8.16	8.40
Net Debt to NOPAT	47.39	16.61	14.67	13.90	10.12	8.89	7.78	8.00	7.94	8.17
Long-Term Debt to NOPAT	43.45	15.75	14.42	13.05	9.60	8.68	7.58	7.95	7.95	8.18
Altman Z-Score	0.09	0.30	0.14	0.12	0.11	0.36	0.28	0.35	0.36	0.39
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.51	0.65	0.81	0.67	0.72	0.68	0.71	0.75	0.81	0.80
Quick Ratio	0.22	0.22	0.39	0.33	0.27	0.26	0.28	0.32	0.40	0.39
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-634	1,418	325	694	1,540	768	1,422	1,482	402	463
Operating Cash Flow to CapEx	1,037.19%	1,383.14%	517.84%	1,635.45%	1,083.86%	898.99%	894.10%	1,205.95%	1,166.16%	1,364.39%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.28	0.25	0.24	0.21	0.20	0.28	0.27	0.28	0.28	0.31
Accounts Receivable Turnover	10.44	11.28	7.82	6.40	7.73	13.20	9.30	9.17	11.99	12.83
Inventory Turnover	3.80	2.39	1.23	0.41	0.21	3.43	2.29	2.46	3.62	4.26
Fixed Asset Turnover	13.24	0.00	11.46	10.38	10.94	0.00	14.85	15.30	17.49	19.56
Accounts Payable Turnover	3.09	1.57	1.13	0.38	0.18	2.16	2.12	2.36	2.95	3.93
Days Sales Outstanding (DSO)	34.96	32.35	46.66	57.01	47.21	27.64	39.23	39.82	30.43	28.45
Days Inventory Outstanding (DIO)	96.13	152.83	297.06	881.14	1,700.42	106.52	159.24	148.23	100.89	85.77
Days Payable Outstanding (DPO)	118.06	233.18	322.80	962.10	2,066.03	168.75	172.10	154.42	123.72	92.80
Cash Conversion Cycle (CCC)	13.03	-48.00	20.92	-23.96	-318.39	-34.59	26.38	33.64	7.60	21.43
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	12,925	11,874	12,782	12,728	11,626	11,480	11,506	11,439	11,460	11,351
Invested Capital Turnover	0.37	0.35	0.32	0.28	0.29	0.40	0.38	0.38	0.41	0.43
Increase / (Decrease) in Invested Capital	636	-1,034	-343	-451	-1,299	-394	-1,276	-1,289	-165	-129
Enterprise Value (EV)	16,161	17,230	15,809	14,696	14,601	13,745	13,781	14,339	14,012	13,725
Market Capitalization	6,403	7,799	6,272	5,286	5,290	6,049	6,011	6,763	6,496	6,222
Book Value per Share	$3.48	$3.71	$3.54	$3.60	$3.52	$4.11	$4.10	$4.18	$4.27	$4.19
Tangible Book Value per Share	($8.55)	($7.62)	($7.96)	($7.63)	($7.04)	($6.50)	($6.60)	($6.52)	($6.48)	($6.57)
Total Capital	12,971	13,197	13,086	12,989	12,906	11,614	11,625	11,533	11,618	11,508
Total Debt	9,803	9,804	9,840	9,671	9,668	7,826	7,889	7,724	7,721	7,707
Total Long-Term Debt	8,945	8,947	9,376	8,835	8,832	7,513	7,567	7,532	7,525	7,511
Net Debt	9,757	9,431	9,537	9,410	9,312	7,696	7,770	7,576	7,516	7,503
Capital Expenditures (CapEx)	48	41	59	30	41	46	41	47	43	34
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-509	-455	-213	-189	-165	-293	-205	-287	-251	-267
Debt-free Net Working Capital (DFNWC)	-464	-81	91	72	192	-163	-86	-138	-46	-63
Net Working Capital (NWC)	-1,321	-939	-374	-764	-644	-476	-408	-330	-242	-259
Net Nonoperating Expense (NNE)	163	233	101	151	327	-202	55	100	109	144
Net Nonoperating Obligations (NNO)	9,757	8,481	9,537	9,410	8,387	7,692	7,770	7,631	7,563	7,551
Total Depreciation and Amortization (D&A)	385	388	358	318	301	299	306	303	303	311
Debt-free, Cash-free Net Working Capital to Revenue	-10.81%	-10.39%	-5.18%	-5.12%	-4.61%	-6.31%	-4.46%	-6.20%	-5.35%	-5.45%
Debt-free Net Working Capital to Revenue	-9.84%	-1.86%	2.20%	1.96%	5.36%	-3.51%	-1.88%	-2.98%	-0.98%	-1.29%
Net Working Capital to Revenue	-28.04%	-21.43%	-9.09%	-20.75%	-18.02%	-10.22%	-8.90%	-7.14%	-5.18%	-5.28%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.34	$0.00	$0.20	($0.18)	$1.26	$0.20	$0.20	$0.28	$0.44
Adjusted Weighted Average Basic Shares Outstanding	0.00	903.21M	0.00	912.33M	912.17M	911.59M	910.64M	903.02M	905.21M	901.27M
Adjusted Diluted Earnings per Share	$0.00	$0.32	$0.00	$0.20	($0.18)	$1.22	$0.20	$0.20	$0.26	$0.38
Adjusted Weighted Average Diluted Shares Outstanding	0.00	969.81M	0.00	971.60M	912.17M	973.89M	973.14M	963.87M	0.00	963.45M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	917.04M	0.00	921.23M	921.82M	922.31M	910.37M	911.83M	907.01M	876.50M
Normalized Net Operating Profit after Tax (NOPAT)	146	391	162	249	248	378	180	194	238	314
Normalized NOPAT Margin	11.31%	0.00%	12.69%	21.31%	21.06%	36.75%	14.91%	16.11%	19.10%	25.27%
Pre Tax Income Margin	-14.21%	0.00%	-15.50%	21.33%	13.59%	38.24%	10.10%	15.44%	14.65%	26.17%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-163.54%	95.83%	-337.31%	-344.96%	338.80%	27.77%	19.12%	21.75%	18.54%	36.38%
Augmented Payout Ratio	-163.54%	1,000.37%	-337.31%	-344.96%	338.80%	27.77%	32.98%	35.61%	29.06%	84.39%

Frequently Asked Questions About ADT's Financials

When does ADT's financial year end?

According to the most recent income statement we have on file, ADT's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has ADT's net income changed over the last 9 years?

ADT's net income appears to be on a downward trend, with a most recent value of $501.05 million in 2024, rising from $296 million in 2015. The previous period was $463.01 million in 2023.

What is ADT's operating income?

ADT's total operating income in 2024 was $1.21 billion, based on the following breakdown:

Total Gross Profit: $4.05 billion
Total Operating Expenses: $2.84 billion

How has ADT revenue changed over the last 9 years?

Over the last 9 years, ADT's total revenue changed from $3.57 billion in 2015 to $4.90 billion in 2024, a change of 37.1%.

How much debt does ADT have?

ADT's total liabilities were at $12.25 billion at the end of 2024, a 0.6% increase from 2023, and a 56.9% increase since 2015.

How much cash does ADT have?

In the past 8 years, ADT's cash and equivalents has ranged from $14.62 million in 2023 to $363.18 million in 2018, and is currently $96.21 million as of their latest financial filing in 2024.

How has ADT's book value per share changed over the last 9 years?

Over the last 9 years, ADT's book value per share changed from 17.18 in 2015 to 4.19 in 2024, a change of -75.6%.

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This page (NYSE:ADT) was last updated on 4/19/2025 by MarketBeat.com Staff

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ADT (ADT) Financials

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ADT (ADT) Financials

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