American Home Shield 2010 Annual Report Download - page 111

Table of Contents
Condensed Consolidating Statement of Financial Position
As of December 31, 2010
(In thousands)
The
ServiceMaster
Company Guarantors
Non-
Guarantors Eliminations Consolidated
Assets
Current Assets:
Cash and cash equivalents $ 132,168 $ 14,798 $ 103,630 $ — $ 250,596
Marketable securities — — 30,406 — 30,406
Receivables 1,229 137,413 414,370 (173,185) 379,827
Inventories — 73,174 2,593 — 75,767
Prepaid expenses and other assets 10,129 14,183 18,152 — 42,464
Deferred customer acquisition costs — 15,163 19,214 — 34,377
Deferred taxes — 15,520 391 (1,641) 14,270
Assets of discontinued operations — — 26 — 26
Total Current Assets 143,526 270,251 588,782 (174,826) 827,733
Property and Equipment:
At cost — 353,630 132,581 — 486,211
Less: accumulated depreciation — (142,278) (54,537) — (196,815)
Net property and equipment — 211,352 78,044 — 289,396
Other Assets:
Goodwill — 2,760,512 364,781 — 3,125,293
Intangible assets, primarily trade names,
service marks and trademarks, net — 1,904,959 758,452 — 2,663,411
Notes receivable 1,990,383 231 30,269 (1,998,333) 22,550
Long-term marketable securities 10,859 — 99,318 — 110,177
Investments in and advances to subsidiaries 3,299,019 1,156,032 — (4,455,051) —
Other assets 98,425 4,164 882 (96,307) 7,164
Debt issuance costs 52,366 — — — 52,366
Total Assets $ 5,594,578 $ 6,307,501 $ 1,920,528 $ (6,724,517) $ 7,098,090
Liabilities and Shareholder's Equity
Current Liabilities:
Accounts payable $ 272 $ 53,524 $ 26,186 $ — $ 79,982
Accrued liabilities:
Payroll and related expenses 1,608 49,326 39,008 — 89,942
Self-insured claims and related
expenses — 20,775 60,848 — 81,623
Other 77,040 40,859 39,828 (1,641) 156,086
Deferred revenue — 135,009 314,830 — 449,839
Liabilities of discontinued operations — 150 654 — 804
Current portion of long-term debt 103,654 13,093 105,850 (173,185) 49,412
Total Current Liabilities 182,574 312,736 587,204 (174,826) 907,688
Long-Term Debt 3,868,474 2,008,047 20,887 (1,998,333) 3,899,075
Other Long-Term Liabilities:
Deferred taxes — 754,787 277,333 (96,307) 935,813
Intercompany payable 287,220 — 111,756 (398,976) —
Liabilities of discontinued operations — — 2,896 — 2,896
Other long-term obligations,
primarily self-insured claims 68,783 1,645 94,663 — 165,091
Total Other Long-Term Liabilities 356,003 756,432 486,648 (495,283) 1,103,800
Shareholder's Equity 1,187,527 3,230,286 825,789 (4,056,075) 1,187,527
Total Liabilities and Shareholder's Equity $ 5,594,578 $ 6,307,501 $ 1,920,528 $ (6,724,517) $ 7,098,090
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