American Home Shield 2009 Annual Report Download - page 133

Table of Contents
THE SERVICEMASTER COMPANY AND SUBSIDIARIES
Condensed Consolidating Statement of Financial Position
As of December 31, 2008 (Successor)
(in thousands)
The
ServiceMaster
Company Guarantors
Non-
Guarantors Eliminations Consolidated
Assets:
Current Assets:
Cash and cash equivalents $ 300,362 $ 12,105 $ 93,120 $ — $ 405,587
Marketable securities — — 22,928 — 22,928
Receivables 1,100 138,623 387,271 (191,067) 335,927
Inventories — 77,740 2,278 — 80,018
Prepaid expenses and other assets 11,130 16,687 9,831 — 37,648
Deferred customer acquisition costs — 14,576 21,938 — 36,514
Deferred taxes 10,249 27,755 4,941 — 42,945
Assets of discontinued operations — — 412 — 412
Total Current Assets 322,841 287,486 542,719 (191,067) 961,979
Property and Equipment:
At cost — 213,036 74,782 — 287,818
Less: accumulated depreciation — (50,917) (21,272) — (72,189)
Net Property and Equipment — 162,119 53,510 — 215,629
Other Assets:
Goodwill — 2,732,432 361,477 — 3,093,909
Intangible assets, primarily trade names,
service marks and trademarks, net — 2,133,376 834,608 — 2,967,984
Notes receivable 323,688 778 24,850 (323,688) 25,628
Long-term marketable securities 9,901 — 100,233 — 110,134
Investments in and advances to subsidiaries 5,515,710 1,579,274 138,363 (7,233,347) —
Other assets 93,283 933 7,494 (66,360) 35,350
Debt issuance costs 83,014 — — — 83,014
Total Assets $ 6,348,437 $ 6,896,398 $ 2,063,254 $ (7,814,462) $ 7,493,627
Liabilities and Shareholder's Equity:
Current Liabilities:
Accounts payable $ 370 $ 44,096 $ 44,776 $ — $ 89,242
Accrued liabilities:
Payroll and related expenses 1,888 34,515 46,633 — 83,036
Self-insured claims and related expenses — 21,257 70,666 — 91,923
Other 95,582 38,259 68,333 — 202,174
Deferred revenue — 147,421 296,005 — 443,426
Liabilities of discontinued operations — — 4,870 — 4,870
Current portion of long-term debt 285,365 17,538 109,433 (191,067) 221,269
Total Current Liabilities 383,205 303,086 640,716 (191,067) 1,135,940
Long-Term Debt 4,000,424 347,301 20,786 (323,688) 4,044,823
Other Long-Term Liabilities:
Deferred taxes — 769,146 278,960 (66,360) 981,746
Intercompany payable 749,800 — — (749,800) —
Liabilities of discontinued operations — — 4,077 — 4,077
Other long-term obligations, primarily self-insured claims 82,649 3,381 108,652 — 194,682
Total Other Long-Term Liabilities 832,449 772,527 391,689 (816,160) 1,180,505
Shareholder's Equity 1,132,359 5,473,484 1,010,063 (6,483,547) 1,132,359
Total Liabilities and Shareholder's Equity $ 6,348,437 $ 6,896,398 $ 2,063,254 $ (7,814,462) $ 7,493,627
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