American Home Shield 2009 Annual Report Download - page 74

Table of Contents
Consolidated Statements of Financial Position
(In thousands, except share data)
Successor
As of December 31, 2009 2008
Assets:
Current Assets:
Cash and cash equivalents $ 253,463 $ 405,587
Marketable securities 21,120 22,928
Receivables, less allowances of $20,314 and $21,138, respectively 348,655 335,927
Inventories 76,592 80,018
Prepaid expenses and other assets 36,564 37,648
Deferred customer acquisition costs 36,070 36,514
Deferred taxes 21,595 42,945
Assets of discontinued operations 42 412
Total Current Assets 794,101 961,979
Property and Equipment:
At cost 345,100 287,818
Less: accumulated depreciation (132,965) (72,189)
Net Property and Equipment 212,135 215,629
Other Assets:
Goodwill 3,119,754 3,093,909
Intangible assets, primarily trade names, service marks and trademarks, net 2,787,237 2,967,984
Notes receivable 23,490 25,628
Long-term marketable securities 111,066 110,134
Other assets 31,799 35,350
Debt issuance costs 66,807 83,014
Total Assets $ 7,146,389 $ 7,493,627
Liabilities and Shareholder's Equity:
Current Liabilities:
Accounts payable $ 73,471 $ 89,242
Accrued liabilities:
Payroll and related expenses 74,385 83,036
Self-insured claims and related expenses 87,332 91,923
Other 156,649 202,174
Deferred revenue 449,746 443,426
Liabilities of discontinued operations 2,806 4,870
Current portion of long-term debt 64,395 221,269
Total Current Liabilities 908,784 1,135,940
Long-Term Debt 3,910,549 4,044,823
Other Long-Term Liabilities:
Deferred taxes 957,077 981,746
Liabilities of discontinued operations 4,145 4,077
Other long-term obligations, primarily self-insured claims 179,503 194,682
Total Other Long-Term Liabilities 1,140,725 1,180,505
Commitments and Contingencies (See Note 10)
Shareholder's Equity:
Common stock $0.01 par value, authorized 1,000 shares; issued 1,000 shares — —
Additional paid-in capital 1,446,529 1,438,432
Retained deficit (236,424) (249,919)
Accumulated other comprehensive loss (23,774) (56,154)
Total Shareholder's Equity 1,186,331 1,132,359
Total Liabilities and Shareholder's Equity $ 7,146,389 $ 7,493,627
See accompanying Notes to the Consolidated Financial Statements.
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