American Home Shield 2010 Annual Report Download - page 110
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Table of Contents
THE SERVICEMASTER COMPANY AND SUBSIDIARIES
Condensed Consolidating Statement of Operations
For the Year Ended December 31, 2008
(In thousands)
The
ServiceMaster
Company Guarantors
Non-
Guarantors Eliminations Consolidated
Operating Revenue $ — $2,653,326 $ 730,115 $ (72,009)$3,311,432
Operating Costs and Expenses:
Cost of services rendered and
products sold — 1,753,042 343,163 (72,009) 2,024,196
Selling and administrative expenses 3,696 529,432 310,125 — 843,253
Amortization expense 222 131,902 41,502 — 173,626
Trade name impairment — 17,900 42,200 — 60,100
Restructuring and Merger related
charges 1,249 2,254 8,992 — 12,495
Total operating costs and expenses 5,167 2,434,530 745,982 (72,009) 3,113,670
Operating (Loss) Income (5,167) 218,796 (15,867) — 197,762
Non-operating Expense (Income):
Interest expense (income) 348,637 7,004 (8,410) — 347,231
Interest and net investment loss 8,049 1,944 59 — 10,052
Other expense — — 652 — 652
(Loss) Income from Continuing
Operations before Income
Taxes (361,853) 209,848 (8,168) — (160,173)
(Benefit) provision for income taxes (135,270) 57,943 39,027 — (38,300)
(Loss) Income from Continuing
Operations (226,583) 151,905 (47,195) — (121,873)
Loss from discontinued operations,
net of income taxes — — (4,526) — (4,526)
Equity in earnings (losses) of
subsidiaries (net of tax) 100,184 (60,567) — (39,617) —
Net (Loss) Income $ (126,399)$ 91,338 $ (51,721) $ (39,617)$ (126,399)
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