American Home Shield 2008 Annual Report Download - page 122
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Table of Contents
THE SERVICEMASTER COMPANY AND SUBSIDIARIES
Condensed Consolidating Statement of Financial Position
As of December 31, 2007 (Successor)
(in thousands)
The
ServiceMaster
Company Guarantors
Non-
Guarantors Eliminations Consolidated
Assets
Current Assets:
Cash and cash equivalents $ 100,429 $ 14,999 $ 91,791 $ — $ 207,219
Marketable securities — — 108,816 — 108,816
Receivables 2 154,811 322,040 (140,785) 336,068
Inventories — 69,212 3,140 — 72,352
Prepaid expenses and other assets — 14,410 12,433 — 26,843
Deferred customer acquisition costs — 9,611 15,711 — 25,322
Deferred taxes 6,573 33,706 7,898 — 48,177
Assets of discontinued operations — — 42,474 — 42,474
Total Current Assets 107,004 296,749 604,303 (140,785) 867,271
Property and Equipment:
At cost — 141,933 68,211 — 210,144
Less: accumulated depreciation — (14,404) (7,743) — (22,147)
Net property and equipment — 127,529 60,468 — 187,997
Other Assets:
Goodwill — 2,689,231 360,692 — 3,049,923
Intangible assets, primarily trade names, service marks and trademarks, net — 2,265,350 919,903 — 3,185,253
Notes receivable 363,409 41,207 65,194 (443,409) 26,401
Long-term marketable securities 35,100 — 123,839 — 158,939
Investments in and advances to subsidiaries 5,831,624 1,992,455 49,526 (7,873,605) —
Other assets 25,816 751 3,767 — 30,334
Debt issuance costs 84,942 — — — 84,942
Total Assets $ 6,447,895 $7,413,272 $2,187,692 $(8,457,799)$7,591,060
Liabilities and Shareholder's Equity
Current Liabilities:
Accounts payable $ 973 $ 45,879 $ 56,548 $ — $ 103,400
Accrued liabilities:
Payroll and related expenses 1,785 48,173 82,096 — 132,054
Self-insured claims and related expenses — 16,498 68,283 — 84,781
Other 15,303 49,024 73,722 — 138,049
Deferred revenue — 150,223 258,253 — 408,476
Liabilities of discontinued operations — — 12,983 — 12,983
Current portion of long-term debt 70,749 23,990 99,610 (140,785) 53,564
Total Current Liabilities 88,810 333,787 651,495 (140,785) 933,307
Long-Term Debt 4,022,185 395,435 103,036 (443,409) 4,077,247
Other Long-Term Liabilities:
Deferred taxes 143,679 834,819 101,002 — 1,079,500
Intercompany payable 839,958 — — (839,958) —
Liabilities of discontinued operations — — 7,765 — 7,765
Other long-term obligations, primarily self-insured claims 49,729 4,547 135,431 — 189,707
Total Other Long-Term Liabilities 1,033,366 839,366 244,198 (839,958) 1,276,972
Shareholder's Equity 1,303,534 5,844,684 1,188,963 (7,033,647) 1,303,534
Total Liabilities and Shareholder's Equity $ 6,447,895 $7,413,272 $2,187,692 $(8,457,799)$7,591,060
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