American Home Shield 2007 Annual Report Download - page 61

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Notes to the Consolidated Financial Statements
Business Segment Table
(In thousands) 2006 % Change 2005 % Change 2004
Operating Revenue:
TruGreen LawnCare $ 1,052,257 3% $ 1,024,641 4% $ 980,816
TruGreen LandCare 444,338 (2) 453,323 3 438,833
Terminix 1,075,481 2 1,056,285 6 996,900
American Home Shield 564,817 7 528,687 8 487,395
Other Operations and Headquarters 292,252 66 176,542 8 164,124
Total Operating Revenue $ 3,429,145 6% $ 3,239,478 6% $ 3,068,068
Operating Income (Loss):(1, 2)
TruGreen LawnCare $ 157,695 (8%) $ 171,758 (2%) $ 175,666
TruGreen LandCare (587) N/M 4,317 N/M (4,482)
Terminix 152,161 5 145,568 10 132,827
American Home Shield 62,780 (12) 70,959 (1) 71,986
Other Operations and Headquarters(2) (45,727) 13 (52,519) (2) (51,689)
Total Operating Income $ 326,322 (4%) $ 340,083 5% $ 324,308
Capital Employed: (3)
TruGreen LawnCare $ 871,145 7% $ 812,873 2% $ 795,254
TruGreen LandCare 40,571 20 33,900 1 33,720
Terminix 698,063 7 652,230 3 631,370
American Home Shield 250,711 21 207,864 24 168,223
American Home Shield without cash and
marketable securities (3) (72,329) 4 (75,026) 16 (89,561)
Other Operations and Headquarters 18,790 (82) 105,923 (60) 268,056
Total Capital Employed $ 1,879,280 4% $ 1,812,790 (4%) $ 1,896,623
Identifiable Assets:
TruGreen LawnCare $ 932,584 5% $ 885,153 2% $ 870,209
TruGreen LandCare 93,575 1 92,694 6 87,474
Terminix 909,984 6 862,270 2 843,272
American Home Shield 593,293 12 530,486 12 474,326
Other Operations and Headquarters 588,027 (11) 658,267 (24) 864,921
Total Identifiable Assets $ 3,117,463 3% $ 3,028,870 (4%) $ 3,140,202
Depreciation & Amortization Expense:
TruGreen LawnCare $ 14,462 15% $ 12,611 2% $ 12,383
TruGreen LandCare 6,209 (26) 8,411 (17) 10,163
Terminix 14,433 23 11,778 3 11,441
American Home Shield 8,222 (3) 8,492 8 7,860
Other Operations and Headquarters 16,596 96 8,475 24 6,839
Total Depreciation & Amortization Expense (4) $ 59,922 20% $ 49,767 2% $ 48,686
Capital Expenditures:
TruGreen LawnCare $ 10,204 (13%) $ 11,724 51% $ 7,756
TruGreen LandCare 6,776 85 3,659 (29) 5,132
Terminix 14,928 31 11,417 2 11,202
American Home Shield 9,312 74 5,343 (3) 5,490
Other Operations and Headquarters 11,272 17 9,628 (39) 15,766
Total Capital Expenditures $ 52,492 26% $ 41,771 (8%) $ 45,346
N/M = Not meaningful
(1) Presented below is a reconciliation of segment operating income to income from continuing operations before income taxes.
(In thousands) 2006 2005 2004
Segment Operating Income $ 326,322 $ 340,083 $ 324,308
Non-operating expense (income):
Interest expense 61,395 56,999 60,708