American Home Shield 2010 Annual Report Download - page 108

Table of Contents
THE SERVICEMASTER COMPANY AND SUBSIDIARIES
Condensed Consolidating Statement of Operations
For the Year Ended December 31, 2010
(In thousands)
The
ServiceMaster
Company Guarantors
Non-
Guarantors Eliminations Consolidated
Operating Revenue $ — $2,644,330 $ 777,219 $ (55,647)$3,365,902
Operating Costs and Expenses:
Cost of services rendered and
products sold — 1,675,302 371,293 (55,463) 1,991,132
Selling and administrative expenses 9,577 540,355 368,907 (184) 918,655
Amortization expense 222 103,033 35,860 — 139,115
Goodwill and tradename
Impairment — 46,884 — — 46,884
Restructuring and Merger related
charges (credits) 1,208 11,262 (244) — 12,226
Total operating costs and expenses 11,007 2,376,836 775,816 (55,647) 3,108,012
Operating (Loss) Income (11,007) 267,494 1,403 — 257,890
Non-operating Expense (Income):
Interest expense (income) 196,647 104,195 (13,863) — 286,979
Interest and net investment loss
(income) 1,628 3,596 (14,582) — (9,358)
Other expense — — 733 — 733
(Loss) Income from Continuing
Operations before Income
Taxes (209,282) 159,703 29,115 — (20,464)
(Benefit) provision for income taxes (73,163) 7,756 58,974 — (6,433)
(Loss) Income from Continuing
Operations (136,119) 151,947 (29,859) — (14,031)
Income (loss) from discontinued
operations, net of income taxes — 490 (1,018) — (528)
Equity in earnings of subsidiaries
(net of tax) 121,560 (39,272) — (82,288) —
Net (Loss) Income $ (14,559)$ 113,165 $ (30,877) $ (82,288)$ (14,559)
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