American Home Shield 2009 Annual Report Download - page 39

Table of Contents
(in thousands)
TruGreen
LawnCare
TruGreen
LandCare Terminix
American
Home
Shield
ServiceMaster
Clean
Other
Operations
and
Headquarters Total
Successor Jul. 25, 2007 to
Dec. 31, 2007
Operating income (loss)(1) $ 42,156 $ (6,351)$ 49,216 $ (20,764) $ 16,363 $ (47,380)$ 33,240
Depreciation and amortization
expense 88,628 5,928 28,543 22,038 3,971 6,533 155,641
EBITDA 130,784 (423) 77,759 1,274 20,334 (40,847) 188,881
Interest and net investment
income (loss)(2) — — — (6,749) 3,186 (3,563)
Adjusted EBITDA 130,784 (423) 77,759 (5,475) 20,334 (37,661) 185,318
Non-cash option and restricted
stock expense — — — — — 300 300
Non-cash (credits) charges
attributable to purchase
accounting(4) (28,488) 1,906 (3,712) 47,003 2 — 16,711
Comparable Operating
Performance $ 102,296 $ 1,483 $ 74,047 $ 41,528 $ 20,336 $ (37,361)$202,329
Memo: Items included in
Comparable Operating
Performance
Restructuring charges and
Merger related charges(5) $ 405 $ 7,920 $ 76 $ 5,874 $ 191 $ 12,349 $ 26,815
Management fee(6) $ — $ — $ — $ — $ — $ 875 $ 875
Memo: Items excluded from
Comparable Operating
Performance
Comparable Operating
Performance of InStar $ — $ — $ — $ — $ — $ (6,382)$ (6,382)
Comparable Operating
Performance of all other
discontinued operations — — — — — (165) (165)
Comparable Operating
Performance of
discontinued operations(7) $ — $ — $ — $ — $ — $ (6,547)$ (6,547)
Predecessor Jan. 1, 2007 to
Jul. 24, 2007
Operating income (loss)(1) $ 75,656 $ (2,206)$109,461 $ 35,582 $ 25,400 $ (99,961)$143,932
Depreciation and amortization
expense 8,552 3,171 10,596 3,687 786 5,622 32,414
EBITDA 84,208 965 120,057 39,269 26,186 (94,339) 176,346
Interest and net investment
income(2) — — — 24,163 111 4,350 28,624
Adjusted EBITDA 84,208 965 120,057 63,432 26,297 (89,989) 204,970
Non-cash option and restricted
stock expense — — — — — 3,415 3,415
Comparable Operating
Performance $ 84,208 $ 965 $120,057 $ 63,432 $ 26,297 $ (86,574)$208,385
Memo: Items included in
Comparable Operating
Performance
Restructuring charges and
Merger related charges(5) $ — $ — $ — $ — $ — $ 58,350 $ 58,350
Management fee(6) $ — $ — $ — $ — $ — $ — $ —
Memo: Items excluded from
Comparable Operating
Performance