American Home Shield 2009 Annual Report Download - page 141
Download and view the complete annual report
Please find page 141 of the 2009 American Home Shield annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131 -
132 -
133 -
134 -
135 -
136 -
137 -
138 -
139 -
140 -
141 -
142 -
143 -
144 -
145 -
146 -
147 -
148 -
149 -
150 -
151 -
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
-
233
-
234
-
235
-
236
-
237
-
238
-
239
-
240
-
241
-
242
-
243
-
244
-
245
-
246
-
247
-
248
-
249
-
250
-
251
-
252
-
253
-
254
-
255
-
256
-
257
-
258
-
259
-
260
-
261
-
262
-
263
-
264
-
265
-
266
-
267
-
268
-
269
-
270
-
271
-
272
-
273
-
274
-
275
-
276
-
277
-
278
-
279
-
280
-
281
-
282
-
283
-
284
-
285
-
286
-
287
-
288
-
289
-
290
-
291
-
292
-
293
-
294
-
295
-
296
-
297
 |
 |
Table of Contents
Quarterly Operating Results (Unaudited)
Quarterly operating results for the last two years in revenue, gross profit, income (loss) from continuing operations, (loss) income from discontinued
operations and net income (loss) are shown in the table below. As discussed in the "Interim Reporting" section in the Significant Accounting Policies, for
interim accounting purposes, TruGreen LawnCare and other business segments of the Company incur pre-season advertising costs. In addition, TruGreen
LawnCare incurs costs related to annual repairs and maintenance procedures that are performed in the first quarter. These costs are deferred and recognized as
expense in proportion to revenue over the balance of the year. Full year results are not affected.
Year Ended Dec. 31,
(In thousands) 2009 2008
Continuing Operations:
Operating Revenue:
First Quarter $ 645,927 $ 632,231
Second Quarter 957,292 997,305
Third Quarter 920,514 948,073
Fourth Quarter 716,346 733,823
$ 3,240,079 $ 3,311,432
Gross Profit:
First Quarter 251,527 $ 214,863
Second Quarter 403,919 407,571
Third Quarter 393,069 388,518
Fourth Quarter 278,235 276,284
$ 1,326,750 $ 1,287,236
Income (Loss) from Continuing Operations:(1)
First Quarter(2) $ 712 $ (75,094)
Second Quarter 22,392 20,826
Third Quarter 20,904 18,205
Fourth Quarter(3) (29,401) (85,810)
$ 14,607 $ (121,873)
(Loss) Income from Discontinued Operations:
First Quarter $ (163) $ (748)
Second Quarter (107) (2,736)
Third Quarter (396) (1,186)
Fourth Quarter (446) 144
$ (1,112) $ (4,526)
Net Income (Loss) attributable to ServiceMaster Company:(1)
First Quarter(2) $ 549 $ (75,842)
Second Quarter 22,285 18,090
Third Quarter 20,508 17,019
Fourth Quarter(3) (29,847) (85,666)
$ 13,495 $ (126,399)
The results include restructuring charges related to (i) a reorganization of field leadership and a restructuring of branch operations at
TruGreen LawnCare, (ii) a branch optimization project at
(1)
131