American Home Shield 2008 Annual Report Download - page 69
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Table of Contents
Consolidated Statements of Operations
(In thousands)
Successor
Predecessor
Year Ended
Dec. 31, 2008
Jul. 25, 2007 to
Dec. 31, 2007
Jan. 1, 2007 to
Jul. 24, 2007
Year Ended
Dec. 31, 2006
Operating Revenue $3,311,432 $ 1,422,358 $ 1,934,390 $3,332,703
Operating Costs and Expenses:
Cost of services rendered and products sold 2,024,196 898,501 1,196,262 2,082,100
Selling and administrative expenses 843,253 331,140 530,674 896,676
Amortization expense 173,626 132,662 5,172 7,159
Trade name impairment 60,100 — — —
Merger related charges 1,249 799 41,431 992
Restructuring charges 11,246 26,016 16,919 21,648
Total operating costs and expenses 3,113,670 1,389,118 1,790,458 3,008,575
Operating Income 197,762 33,240 143,932 324,128
Non-operating Expense (Income)
Interest expense 347,231 177,938 31,643 61,341
Interest and net investment loss (income) 10,052 3,563 (28,624) (25,942)
Minority interest and other expense, net 652 233 3,532 8,240
(Loss) Income from Continuing Operations before Income Taxes (160,173) (148,494) 137,381 280,489
(Benefit) provision for income taxes (38,300) (52,182) 51,692 95,205
(Loss) Income from Continuing Operations (121,873) (96,312) 85,689 185,284
Loss from discontinued operations, net of income taxes (4,526) (27,208) (4,588) (15,585)
Net (Loss) Income $ (126,399) $ (123,520) $ 81,101 $ 169,699
See accompanying Notes to the Consolidated Financial Statements.
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