American Home Shield 2010 Annual Report Download - page 36

Depreciation and
amortization
expense 87,726 11,486 63,277 41,728 8,243 13,818 226,278
EBITDA 152,623 23,392 247,408 111,981 58,699 (110,668) 483,435
Interest and net
investment
income(2) — — — 1,976 144 4,959 7,079
Residual value
guarantee
charge(3) 4,726 — — — 588 147 5,461
Non-cash trade
name
impairment(4) 21,400 1,400 — — — 5,200 28,000
Adjusted EBITDA 178,749 24,792 247,408 113,957 59,431 (100,362) 523,975
Non-cash stock-
based
compensation
expense — — — — — 8,097 8,097
Non-cash credits
attributable to
purchase
accounting(5) (103) (651) (226) (219) — — (1,199)
Comparable
Operating
Performance $ 178,646 $ 24,141 $247,182 $ 113,738 $ 59,431 $ (92,265) 530,873
Memo: Items
included in
Comparable
Operating
Performance
Restructuring and
Merger related
charges(6) $ 8,717 $ 194 $ 3,390 $ 147 $ — $ 14,428 $ 26,876
Management and
consulting fees(7) $ — $ — $ — $ — $ — $ 7,500 $ 7,500
Memo: Items
excluded from
Comparable
Operating
Performance
Comparable
Operating
Performance of
discontinued
operations(8) $ — $ — $ — $ — $ — $ (1,811)$ (1,811)
Year Ended
Dec. 31, 2008
Operating income
(loss)(1) $ 106,821 $ 8,537 $ 155,252 $ 30,475 $ 46,321 $ (149,644)$197,762
Depreciation and
amortization
expense 87,990 11,181 60,217 46,924 9,031 13,861 229,204
EBITDA 194,811 19,718 215,469 77,399 55,352 (135,783) 426,966
Interest and net
investment (loss)
income(2) — — — (8,201) 127 (1,978) (10,052)
Non-cash trade
name
impairment(4) — 1,400 16,500 — 1,000 41,200 60,100
Adjusted EBITDA 194,811 21,118 231,969 69,198 56,479 (96,561) 477,014
Non-cash stock-
based
compensation
expense — — — — — 7,032 7,032
Non-cash charges
(credits)
attributable to 72 (650) (3,887) 25,940 — 378 21,853