Net loss of $112 million, compared to $72 million
FULL YEAR
Net loss of $632 million, compared to $424 million
Adjusted EBITDA of $2,199 million, compared to $2,483 million
Net cash provided by operating activities of $1,367 million, compared to $1,873 million
Net cash used in investing activities of $1,137 million, compared to $978 million
Net cash used in financing activities of $70 million, compared to $1,214 million
Adjusted Free Cash Flow of $675 million, up from $590 million
Trailing twelve-month revenue payback at a record low 2.2 years
Trailing twelve-month gross customer revenue attrition of 13.1%, decreased 30 bps from a year ago
“ADT once again delivered strong financial and operating results during the fourth quarter. We maintained our record low revenue payback, while growing our RMR additions by double digits and increasing our net subscribers. This performance caps a year of delivering solid financial results while ensuring we continued to prioritize the well-being of our employees and customers,” stated Jim DeVries, ADT’s President and CEO. “During 2020, we took a number of steps to improve the long-term competitive positions of ADT and set the stage for accelerating our vision and disciplined growth strategy in 2021 and the future. We enjoyed strong momentum in our core residential business and are excited to welcome Dish Network and Ackerman Security. ADT’s market leading brand and long-term partnership with Google provide a compelling combination for future subscriber growth in the rapidly expanding smart home and security market. Finally, we continued to strengthen our commercial capabilities in 2020, during a challenging year, and are well positioned to return to growth in 2021.”