American Home Shield 2003 Annual Report Download - page 37

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ServiceMaster    35
Five-Year Financial Summary
(In thousands, except per share data) 2003 2002 2001 2000 1999
unaudited
Operating Results:
Operating revenue $ 3,568,586 $ 3,500,721 $ 3,476,811 $ 3,347,114 $ 3,008,115
Operating income (loss) (166,243) 335,393 (30,400) 313,762 237,089
Percentage of operating revenue (4.7%) 9.6% (0.9%) 9.4% 7.9%
Non-operating expense 58,394 93,152 127,527 103,733 86,981
Provision (benefit) for income taxes (2,662) 84,938 14,292 90,008 64,195
Income (loss) from continuing operations (221,975) 157,303 (172,219) 120,021 85,913
Income (loss) from discontinued operations,
net of income taxes (2,712) (309) 288,603 44,821 66,776
Cumulative effect of accounting change,
net of income taxes –––(11,161) -
Net income (loss) $ (224,687) $ 156,994 $ 116,384 $ 153,681 $ 152,689
Earnings (loss) per share:
Basic $ (0.76) $ 0.52 $ 0.39 $ 0.51 $ 0.50
Diluted:
Income (loss) from continuing operations $ (0.75) $ 0.51 $ (0.58) $ 0.39 $ 0.27
Income (loss) from discontinued operations (0.01) –0.97 0.15 0.21
Cumulative effect of accounting change –––(0.04) -
Diluted earnings (loss) per share $ (0.76) $ 0.51 $ 0.39 $ 0.50 $ 0.49
Shares used to compute basic earnings per share 295,610 300,383 298,659 302,487 307,637
Shares used to compute diluted earnings per share 295,610 305,912 298,659 305,518 314,406
Shares outstanding, net of treasury shares 292,868 298,253 300,531 298,474 307,530
Cash dividends per share $ 0.42 $ 0.41 $ 0.40 $ 0.38 $ 0.36
Share price range:
High price $ 12.10 $ 15.50 $ 14.20 $ 14.94 $ 22.00
Low price $ 8.95 $ 8.89 $ 9.84 $ 8.25 $ 10.13
Financial Position:
Current assets $ 890,774 $ 925,496 $ 1,126,266 $ 701,898 $ 714,540
Current liabilities 818,240 839,064 805,298 675,902 712,520
Working capital 72,534 86,432 320,968 25,996 2,020
Current ratio 1.1 – 1 1.1 – 1 1.4 – 1 1.0 – 1 1.0 – 1
Total assets $ 2,956,426 $ 3,414,938 $ 3,621,245 $ 3,939,710 $ 3,819,687
Total liabilities 2,039,600 2,095,929 2,311,381 2,753,226 2,567,372
Total debt outstanding 819,271 835,475 1,155,193 1,833,556 1,769,298
Minority interest 100,309 100,309 102,677 5,933 2,934
Shareholders’equity 816,517 1,218,700 1,207,187 1,180,551 1,249,381