Anywhere Real Estate Inc. (RLGY) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-05-18	Dec-31-17	Dec-31-16
	10-K	10-K	10-K	10-K	10-K	8-K	10-K	10-K
Revenues:
Real Estate Franchise Services								781
Company Owned Real Estate Brokerage Services								64
Relocation Services								401
Other								4,564
Total revenues [+]	6,908	7,983	6,221	5,870	6,079	5,782	5,810	5,810
Services						654
Franchise						393
Other						202
Revenue growth [+]	-13.5%	28.3%	6.0%	-3.4%	4.6%		0.0%	1.8%
Real Estate Franchise Services								3.4%
Company Owned Real Estate Brokerage Services								-98.5%
Relocation Services								-3.4%
Title and Settlement Services								17.7%
Cost of goods sold [+]	5,792	6,422	5,000	4,687	4,830	1,351	4,574	4,487
Sales commissions and fees	4,415	4,753	3,527	3,156	3,282		3,230	2,945
Other direct costs	1,377	1,669	1,473	1,531	1,548		1,344	1,542
Gross profit	1,116	1,561	1,221	1,183	1,249	4,431	1,236	1,323
Gross margin	16.2%	19.6%	19.6%	20.2%	20.5%	76.6%	21.3%	22.8%
Selling, general and administrative [+]	640	704	627	608	586	521	561	562
Sales and marketing	252	263	215	264	258	256	258	241
General and administrative	388	441	412	344	328	265	303	321
Equity in earnings	-28	48	131	18	-4		18	12
Other operating expenses	-21	49	132	-6	21	3,297	3	2
EBITDA [+]	469	856	593	599	638	613	690	771
EBITDA growth	-45.2%	44.4%	-1.0%	-6.1%	-7.5%		-10.5%	0.3%
EBITDA margin	6.8%	10.7%	9.5%	10.2%	10.5%	10.6%	11.9%	13.3%
Depreciation	118	110	109	102	98	164	85	89
EBITA	351	746	484	497	540	449	605	682
EBITA margin	5.1%	9.3%	7.8%	8.5%	8.9%	7.8%	10.4%	11.7%
Amortization of intangibles	96	94	77	93	97		81	113
EBIT [+]	255	652	407	404	443	449	524	569
EBIT growth	-60.9%	60.2%	0.7%	-8.8%	-15.5%		-7.9%	0.2%
EBIT margin	3.7%	8.2%	6.5%	6.9%	7.3%	7.8%	9.0%	9.8%
Non-recurring items [+]	509	21	749	323	58	47	12	39
Asset impairment	483	4	682	271
Interest expense	113	190	246	250	190	189	157	174
Interest expense	113	190	246	250	190	189	157	174
Other income (expense), net [+]	44	-6	-3	-5	7		4	1
Gain (loss) on debt retirement	96	21	8	5	-7		-5
Other	140	15	5				-1	1
Pre-tax income	-323	435	-591	-174	202	213	359	357
Income taxes	-68	133	-104	14	65	67	-66	144
Tax rate	21.1%	30.6%	17.6%		32.2%	31.5%		40.3%
Minority interest	4	7	4	3	3		3	4
Earnings from continuing ops	-287	343	-360	-188	137	146	425	213
Earnings from discontinued ops						-6	6
Net income	-287	343	-360	-188	137	140	431	213
Net margin	-4.2%	4.3%	-5.8%	-3.2%	2.3%	2.4%	7.4%	3.7%

Basic EPS [+]	($2.52)	$2.95	($3.13)	($1.65)	$1.10	$1.18	$3.11	$1.47
Growth	-185.6%	-194.3%	89.8%	-249.0%	-64.5%		110.9%	17.4%
Diluted EPS [+]	($2.52)	$2.85	($3.13)	($1.65)	$1.09	$1.17	$3.07	$1.46
Growth	-188.4%	-191.3%	89.8%	-250.6%	-64.4%		110.2%	17.6%

Dividends per share [+]				$0.27	$0.36		$0.36	$0.18
Growth			-100.0%	-25.0%	0.0%		100.0%

Shares outstanding (basic) [+]	114	116	115	114	124	124	137	145
Growth	-2.2%	1.0%	0.9%	-7.9%	-9.3%		-5.4%	-1.4%
Shares outstanding (diluted) [+]	114	120	115	114	125	125	138	146
Growth	-5.3%	4.3%	0.9%	-8.9%	-9.5%		-5.1%	-1.6%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.