REALOGY HOLDINGS CORP.

[1]	Merger-related costs include $5 million of transaction-related expenses incurred in connection with the pending Merger with Compass which primarily consist of legal, advisory, accounting and other professional service fees.
[2]	Gross commission income at Owned Brokerage Group is recognized at a point in time at the closing of a homesale transaction
[3]	Service revenue primarily consists of title and escrow fees at Title Group and are recognized at a point in time at the closing of a homesale transaction. Service revenue at Franchise Group includes relocation fees, which are recognized as revenue when or as the related performance obligation is satisfied dependent on the type of service performed, and fees related to leads and related services, which are recognized at a point in time at the closing of a homesale transaction or at the completion of the related service.
[4]	Franchise fees at Franchise Group primarily include domestic royalties which are recognized at a point in time when the underlying franchisee revenue is earned (upon close of the homesale transaction).
[5]	Other revenue is comprised of brand marketing funds received from franchisees at Franchise Group and other miscellaneous revenues across all of the business segments.

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024
Operating Activities
Net (loss) income	$ (63)	$ (64)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization	143	151
Deferred income taxes	(19)	(17)
Impairments	7	9
Amortization of deferred financing costs and debt premium	6	6
Gain on the early extinguishment of debt	(2)	(7)
Loss (gain) on the sale of businesses, investments or other assets, net	(5)	0
Income (Loss) from Equity Method Investments	(8)	(8)
Stock-based compensation	13	12
Other adjustments to net loss	(2)	(3)
Net change in assets and liabilities, excluding the impact of acquisitions and dispositions:
Trade receivables	(31)	(19)
Relocation receivables	(93)	(61)
Other assets	26	69
Accounts payable, accrued expenses and other liabilities	13	(18)
Dividends received from unconsolidated entities	11	2
Other, net	(11)	(15)
Net cash (used in) provided by operating activities	(15)	37
Investing Activities
Property and equipment additions	(69)	(54)
Net proceeds from the sale of businesses	1	0
Proceeds from the sale of investments in unconsolidated entities	6	0
Other, net	6	0
Net cash used in investing activities	(56)	(54)
Financing Activities
Net change in Revolving Credit Facility	(75)	215
Repayment of Term Loan A Facility	0	(194)
Proceeds from issuance of Senior Secured Second Lien Notes	500	0
Repurchases of Exchangeable Senior Notes	(361)	0
Repurchases and redemption of Senior Notes	0	(19)
Amortization payments on term loan facilities	0	(12)
Net change in securitization obligations	40	33
Debt issuance costs	(10)	0
Cash paid for fees associated with early extinguishment of debt	(2)	0
Taxes paid related to net share settlement for stock-based compensation	(2)	(3)
Proceeds from sale of equity interest in certain title and escrow entities	19	0
Other, net	(18)	(17)
Net cash provided by financing activities	91	3
Effect of changes in exchange rates on cash, cash equivalents and restricted cash	1	1
Net increase (decrease) in cash, cash equivalents and restricted cash	21	(13)
Cash, cash equivalents and restricted cash, beginning of period	124	119
Cash, cash equivalents and restricted cash, end of period	145	106
Supplemental Disclosure of Cash Flow Information
Payments to Acquire Retained Interest in Securitized Receivables	7	8
Interest Paid, Excluding Capitalized Interest, Operating Activity	109	111
Income tax (refunds) payments, net	$ (26)	$ 1

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 139	$ 118
Restricted cash	6	6
Trade receivables (net of allowance for doubtful accounts of $20 and $17)	133	101
Relocation receivables	244	150
Other current assets	200	206
Total current assets	722	581
Property and equipment, net	242	247
Operating lease assets, net	304	331
Goodwill	2,499	2,499
Trademarks	584	584
Franchise agreements, net	771	821
Other intangibles, net	90	106
Other non-current assets	531	467
Total assets	5,743	5,636
Current liabilities:
Accounts payable	114	101
Securitization obligations	180	140
Current portion of long-term debt	451	490
Current portion of operating lease liabilities	95	105
Accrued expenses and other current liabilities	575	553
Total current liabilities	1,415	1,389
Long-term debt	2,125	2,031
Long-term operating lease liabilities	259	284
Deferred income taxes	189	207
Other non-current liabilities	235	155
Total liabilities	4,223	4,066
Equity:
Anywhere preferred stock: $0.01 par value; 50,000,000 shares authorized, none issued and outstanding at September 30, 2025 and December 31, 2024	$ 0	$ 0
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	50,000,000	50,000,000
Preferred Stock, Shares Outstanding	0	0
Anywhere common stock: $0.01 par value; 400,000,000 shares authorized, 112,023,820 shares issued and outstanding at September 30, 2025 and 111,261,825 shares issued and outstanding at December 31, 2024	$ 1	$ 1
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	400,000,000	400,000,000
Common Stock, Shares, Outstanding	112,023,820	111,261,825
Additional paid-in capital	$ 4,838	$ 4,827
Accumulated deficit	(3,283)	(3,219)
Accumulated other comprehensive loss	(40)	(42)
Total stockholders' equity	1,516	1,567
Noncontrolling interests	4	3
Total equity	1,520	1,570
Total liabilities and equity	$ 5,743	$ 5,636