American Home Shield 2010 Annual Report Download - page 109
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Table of Contents
THE SERVICEMASTER COMPANY AND SUBSIDIARIES
Condensed Consolidating Statement of Operations
For the Year Ended December 31, 2009
(In thousands)
The
ServiceMaster
Company Guarantors
Non-
Guarantors Eliminations Consolidated
Operating Revenue $ — $2,546,819 $ 765,609 $ (72,349)$3,240,079
Operating Costs and Expenses:
Cost of services rendered and
products sold — 1,642,667 343,011 (72,349) 1,913,329
Selling and administrative expenses 9,582 529,446 313,803 — 852,831
Amortization expense 222 125,758 35,906 — 161,886
TradeName Impairment — 22,800 5,200 — 28,000
Restructuring and Merger related
charges 2,321 12,301 12,254 — 26,876
Total operating costs and expenses 12,125 2,332,972 710,174 (72,349) 2,982,922
Operating (Loss) Income (12,125) 213,847 55,435 — 257,157
Non-operating Expense (Income):
Interest expense (income) 288,514 25,148 (14,285) — 299,377
Interest and net investment loss
(income) 938 5,555 (13,572) — (7,079)
Gain on extinguishment of debt (46,106) — — — (46,106)
Other expense — — 748 — 748
(Loss) Income from Continuing
Operations before Income
Taxes (255,471) 183,144 82,544 — 10,217
(Benefit) provision for income taxes (107,346) 37,259 65,697 — (4,390)
(Loss) Income from Continuing
Operations (148,125) 145,885 16,847 — 14,607
Income (loss) from discontinued
operations, net of income taxes — 628 (1,740) — (1,112)
Equity in earnings of subsidiaries
(net of tax) 161,620 5,251 — (166,871) —
Net Income $ 13,495 $ 151,764 $ 15,107 $ (166,871)$ 13,495
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