What were the restructuring costs for Better Homes And Gardens Real Estate in the provided years?
Better_Homes_And_Gardens_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
| (In millions, except per share data) | ||
|---|---|---|
| Revenues | ||
| Gross commission income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | ||
| Service revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 574 569 793 | |
| Franchise fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 356 351 417 | |
| Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 133 146 160 | |
| Net revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 5,692 5,636 6,908 | |
| Expenses | ||
| Commission and other agent-related costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 3,718 3,664 4,415 | |
| Operating . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 1,125 1,147 1,377 | |
| Marketing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 195 215 252 | |
| General and administrative . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 392 422 388 | |
| Former parent legacy cost, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 2 18 1 | |
| Restructuring costs, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 32 49 32 | |
| Impairments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 20 65 483 | |
| Depreciation and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 198 196 214 | |
| Interest expense, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 153 151 113 | |
| (Gain) loss on the early extinguishment of debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . | (7) (169) 96 | |
| Other income, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | ||
| Total expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 5,828 5,758 7,231 | |
| Loss before income taxes, equity in (earnings) losses and noncontrolling interests . | (136) (122) (323) | |
| Income tax benefit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | (2) (15) (68) | |
| Equity in (earnings) losses of unconsolidated entities . . . . . . . . . . . . . . . . . . . . . . . . . . . | (7) (9) 28 | |
| Net loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | (127) (98) (283) | |
| Less: Net (income) loss attributable to noncontrolling interests . . . . . . . . . . . . . . . . . . . | (1) 1 (4) | |
| Net loss attributable to Anywhere and Anywhere Group . . . . . . . . . . . . . . . . . . . . . . . . . . . . | ||
| Loss per share attributable to Anywhere shareholders: | ||
| Basic loss per share . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | ||
| Diluted loss per share . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | ||
| Weighted average common and common equivalent shares of Anywhere outstanding: | ||
| Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 111.1 110.3 113.8 | |
| Diluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 111.1 110.3 113.8 | |
| (In millions) | 2024 |
Source: Item 23 — RECEIPTS (FDD pages 76–362)
What This Means (2025 FDD)
According to Better Homes And Gardens Real Estate's 2025 Franchise Disclosure Document, the restructuring costs, net, for the years 2022, 2023, and 2024 are detailed in the receipts. These costs reflect expenses related to reorganizing the company, which can include items like severance pay, relocation expenses, and asset write-downs. These costs are presented in millions of dollars.
In 2022, Better Homes And Gardens Real Estate's restructuring costs, net, were $32 million. This figure indicates the expenses incurred during that year to reorganize the company's operations. In 2023, the restructuring costs, net, increased to $49 million, suggesting a more extensive reorganization effort compared to the previous year.
For 2024, the restructuring costs, net, decreased to $32 million, the same as in 2022. These figures are important for prospective franchisees to consider, as they provide insight into the financial stability and operational changes within Better Homes And Gardens Real Estate. Significant restructuring costs in previous years might indicate potential instability or significant strategic shifts within the company.