American Home Shield 2003 Annual Report Download - page 59

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ServiceMaster    57
(In thousands, except per share data)
2003 Chg 2002 (1) Chg 2001 (1)
Continuing Operations:
Operating Revenue:
First Quarter $ 712,343 0% $ 711,956 1% $ 702,445
Second Quarter 1,031,470 2 1,013,777 1 998,830
Third Quarter 1,018,263 3 987,757 3 959,438
Fourth Quarter 806,510 2 787,231 (4) 816,098
$ 3,568,586 2% $ 3,500,721 1% $ 3,476,811
Gross Profit:
First Quarter $ 195,989 (2%) $ 200,944 5% $ 190,764
Second Quarter 373,587 6 353,543 5 337,093
Third Quarter 347,942 8 323,111 5 307,460
Fourth Quarter 220,545 (2) 224,171 (6) 238,297
$ 1,138,063 3% $ 1,101,769 3% $ 1,073,614
Income (Loss) from Continuing Operations:
First Quarter $ 4,843 (53%) $ 10,377 79% $ 5,784
Second Quarter 66,329 8 61,625 27 48,596
Third Quarter (316,526) N/M 66,015 50 43,945
Fourth Quarter 23,379 21 19,286 N/M (270,544)
$ (221,975) N/M $ 157,303 N/M $ (172,219)
Basic Earnings (Loss) Per Share:
First Quarter $ 0.02 (33%) $ 0.03 50% $ 0.02
Second Quarter 0.22 10 0.20 25 0.16
Third Quarter (1.08) N/M 0.22 47 0.15
Fourth Quarter 0.08 33 0.06 N/M (0.90)
$ (0.75) N/M $ 0.52 N/M $ (0.58)
Diluted Earnings (Loss) Per Share:
First Quarter $ 0.02 (33%) $ 0.03 50% $ 0.02
Second Quarter 0.22 10 0.20 25 0.16
Third Quarter (1.08) N/M 0.21 50 0.14
Fourth Quarter 0.08 33 0.06 N/M (0.90)
$ (0.75) N/M $ 0.51 N/M $ (0.58)
Discontinued Operations:
Income (Loss) from Discontinued Operations:
First Quarter $ (168) N/M $ 1,264 (80%) $ 6,211
Second Quarter (779) N/M 878 (84) 5,364
Third Quarter (1,440) N/M 2,068 (76) 8,587
Fourth Quarter (325) N/M (4,519) N/M 268,441
$ (2,712) N/M $ (309) N/M $ 288,603
Diluted Earnings (Loss) Per Share:
First Quarter $ – –%$ –(100%) $ 0.02
Second Quarter –––(100) 0.02
Third Quarter –(100) 0.01 (67) 0.03
Fourth Quarter –100 (0.01) N/M 0.90
$ (0.01) (100%) $ –(100%) $ 0.97
N/M = Not meaningful
(1) During the third quarter of 2003, the Company sold its utility line clearing operations of its TruGreen LandCare business. The financial results from these operations have been
reclassified from “Continuing Operations”to “Discontinued Operations”for all periods presented.
Notes to Consolidated Financial Statements