American Home Shield 2006 Annual Report Download - page 43

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Consolidated Statements of Financial Position
(In thousands, except per share data)
As of December 31, 2005 2004
Assets:
Current Assets:
Cash and cash equivalents $ 114,508 $ 256,626
Marketable securities 104,807 103,681
Receivables, less allowances of $17,702 and $21,739, respectively 309,567 279,685
Inventories 60,331 51,248
Prepaid expenses and other assets 23,948 24,657
Deferred customer acquisition costs 40,402 41,574
Deferred taxes 35,050 108,780
Assets of businesses held pending sale and discontinued operations 135,100 112,501
Total Current Assets 823,713 978,752
Property and Equipment:
At cost 364,503 339,426
Less: accumulated depreciation (202,676) (176,503)
Net Property and Equipment 161,827 162,923
Other Assets:
Goodwill 1,548,070 1,511,873
Intangible assets, primarily trade names, net 230,343 220,795
Notes receivable 30,941 35,411
Long-term marketable securities 147,332 135,824
Other assets 9,304 14,227
Assets of businesses held pending sale and discontinued operations 77,340 80,397
Total Assets $ 3,028,870 $ 3,140,202
Liabilities and Shareholders' Equity:
Current Liabilities:
Accounts payable $ 91,625 $ 55,631
Accrued liabilities:
Payroll and related expenses 103,028 98,426
Self-insured claims and related expenses 93,047 83,075
Income taxes payable 30,730 152,841
Other 87,984 93,799
Deferred revenue 432,741 429,512
Liabilities of businesses held pending sale and discontinued operations 97,294 91,396
Current portion of long-term debt 19,222 23,247
Total Current Liabilities 955,671 1,027,927
Long-Term Debt 638,928 781,841
Long-Term Liabilities:
Deferred taxes 113,300 88,100
Liabilities of businesses held pending sale and discontinued operations 10,130 9,615
Other long-term obligations 156,201 141,184
Total Long-Term Liabilities 279,631 238,899
Minority Interest 100,000 100,000
Commitments and Contingencies (See Note)
Shareholders' Equity:
Common stock $0.01 par value, authorized 1,000,000 shares; issued
321,338 and 318,559, respectively 3,213 3,186
Additional paid-in capital 1,117,388 1,083,057
Retained earnings 282,993 212,116
Accumulated other comprehensive income 7,197 10,804
Restricted stock (unearned compensation) (14,438) (12,857)
Treasury stock (341,713) (304,771)
Total Shareholders' Equity 1,054,640 991,535
Total Liabilities and Shareholders' Equity $ 3,028,870 $ 3,140,202
See accompanying Notes to the Consolidated Financial Statements
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