American Home Shield 2009 Annual Report Download - page 132

Table of Contents
Condensed Consolidating Statement of Financial Position
As of December 31, 2009 (Successor)
(in thousands)
The
ServiceMaster
Company Guarantors
Non-
Guarantors Eliminations Consolidated
Assets
Current Assets:
Cash and cash equivalents $ 124,674 $ 15,796 $ 112,993 $ — $ 253,463
Marketable securities — — 21,120 — 21,120
Receivables 1,162 133,866 424,395 (210,768) 348,655
Inventories — 74,041 2,551 — 76,592
Prepaid expenses and other assets 7,840 15,239 13,485 — 36,564
Deferred customer acquisition costs — 13,759 22,311 — 36,070
Deferred taxes — 22,481 996 (1,882) 21,595
Assets of discontinued operations — 15 27 — 42
Total Current Assets 133,676 275,197 597,878 (212,650) 794,101
Property and Equipment:
At cost — 262,223 82,877 — 345,100
Less: accumulated depreciation — (94,423) (38,542) — (132,965)
Net property and equipment — 167,800 44,335 — 212,135
Other Assets:
Goodwill — 2,755,813 363,941 — 3,119,754
Intangible assets, primarily trade names,
service marks and trademarks, net — 1,992,843 794,394 — 2,787,237
Notes receivable 1,992,857 707 22,783 (1,992,857) 23,490
Long-term marketable securities 9,985 — 101,081 — 111,066
Investments in and advances to subsidiaries 3,586,670 1,392,095 7,934 (4,986,699) —
Other assets 105,761 3,889 4,292 (82,143) 31,799
Debt issuance costs 66,807 — — — 66,807
Total Assets $ 5,895,756 $ 6,588,344 $ 1,936,638 $ (7,274,349) $ 7,146,389
Liabilities and Shareholder's Equity
Current Liabilities:
Accounts payable $ 1,046 $ 42,325 $ 30,100 $ — $ 73,471
Accrued liabilities:
Payroll and related expenses 2,185 33,687 38,513 — 74,385
Self-insured claims and related expenses — 21,727 65,605 — 87,332
Other 51,391 41,716 65,424 (1,882) 156,649
Deferred revenue — 138,691 311,055 — 449,746
Liabilities of discontinued operations — 248 2,558 — 2,806
Current portion of long-term debt 141,230 27,226 106,707 (210,768) 64,395
Total Current Liabilities 195,852 305,620 619,962 (212,650) 908,784
Long-Term Debt 3,889,574 1,999,226 14,606 (1,992,857) 3,910,549
Other Long-Term Liabilities:
Deferred taxes — 754,531 284,689 (82,143) 957,077
Intercompany payable 545,995 — — (545,995) —
Liabilities of discontinued operations — — 4,145 — 4,145
Other long-term obligations, primarily self-insured claims 78,004 2,284 99,215 — 179,503
Total Other Long-Term Liabilities 623,999 756,815 388,049 (628,138) 1,140,725
Shareholder's Equity 1,186,331 3,526,683 914,021 (4,440,704) 1,186,331
Total Liabilities and Shareholder's Equity $ 5,895,756 $ 6,588,344 $ 1,936,638 $ (7,274,349) $ 7,146,389
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