ADT Inc
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IPO SHARE PRICE:$14.00
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IPO DATE:January 19, 2018
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TICKER:ADT
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MAIN STOCK EXCHANGE:NYSE
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CURRENT HQ LOCATION:1501 Yamato Road Boca Raton Florida 33431
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FISCAL YEAR END:December 31
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INCORPORATION JURISDICTION:DE
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ORGANIZED AS THE FOLLOWING LEGAL TYPE:Corporation
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Investor Relations Webpage:https://investor.adt.com
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TAX RATE:USA federal corporate nominal income tax rate is 21%
Short Description
Largest US security alarm provider against burglar intrusions into private homes and business premises. In addition, ADT helps detect other adverse events on the customer premises: floods, fires, smoke, carbon monoxide, emergency medical assistance. Company utilizes sensors to detect intrusion into property and adverse events.
Upon detection of intrusion, ADT system sounds alarm in the building and company call center (called monitoring centers) attempts to verify validity of the event. If validity is confirmed , ADT calls police, fire fighters or emergency medical help.
Business model: typically, 3-year subscription contract, 2-year contract in California. ADT installs equipment for a fee and controls service via its call centers as opposed to DIY and self-monitoring approach by some of its competitors. Although, ADT has DYI offering called Blue by ADT.
Competitors: Vivint, Guardian, Comcast, Brinks Home Security (Moni), at&t, Stanley Security, Johnson Controls, Convergint Technologies, Securitas Electronic Security, Frontpoint Secuirty (DIY), SimpliSafe, Apple HomeKit, Amazon Ring, Google Nest.
Income Statement
2020
Monitoring and related services
Installation and other revenue
2020
Depreciation and amortization
Selling general and administrative
Cost of revenue excluding depreciation and amortization
Merger restructuring integration and other
Gain or loss on sale of business
Goodwill impairment
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Cost of revenue excluding depreciation and amortization
Cost of revenue excluding depreciation and amortization
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895,736 | 1,041,336 | 1,390,284 | 1,516,528 | 1,516,528 | 1,497,200 | |
Selling general and administrative
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1,209,200 | 1,246,950 | 1,406,532 | 1,722,906 | 1,722,906 | 1,778,860 | |
Merger restructuring integration and other
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64,828 | (3,344) | 35,882 | 120,208 | 120,208 | 21,972 | |
Depreciation and amortization
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1,863,299 | 1,930,929 | 1,989,082 | 1,913,767 | 1,913,767 | 1,894,112 | |
Gain or loss on sale of business
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- | - | 61,951 | 738 | 738 | - | |
Goodwill impairment
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- | 87,962 | 45,482 | - | - | - | |
Total operating expenses
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4,033,063 | 4,303,833 | 4,929,213 | 5,274,147 | 5,274,147 | 5,192,144 |
2020
Operating Income
2020
Other income
Loss on early repayment of debt
2020
EBIT
2020
Income tax expense or benefit
2020
Net income (loss)
2020