American Home Shield 2011 Annual Report Download - page 119
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Table of Contents
Notes to the Consolidated Financial Statements (Continued)
Note 20. Condensed Consolidating Financial Statements of The ServiceMaster Company and Subsidiaries (Continued)
THE SERVICEMASTER COMPANY AND SUBSIDIARIES
Condensed Consolidating Statement of Operations
For the Year Ended December 31, 2011
(In thousands)
The
ServiceMaster
Company Guarantors
Non-
Guarantors Eliminations Consolidated
Operating Revenue $ — $2,452,731 $ 811,446 $ (58,305)$3,205,872
Operating Costs and
Expenses:
Cost of services rendered
and products sold — 1,483,220 388,201 (57,715) 1,813,706
Selling and administrative
expenses 9,186 499,101 372,630 (425) 880,492
Amortization expense 222 67,443 23,687 — 91,352
Trade name impairment — 36,700 — — 36,700
Restructuring charges 35 4,678 3,449 — 8,162
Total operating costs and
expenses 9,443 2,091,142 787,967 (58,140) 2,830,412
Operating (Loss) Income (9,443) 361,589 23,479 (165) 375,460
Non-operating Expense
(Income):
Interest expense (income) 189,677 89,819 (6,373) — 273,123
Interest and net investment
loss (income) 2,969 3,491 (17,346) — (10,886)
Loss on extinguishment of
debt 774 — — — 774
Other expense — — 700 — 700
(Loss) Income from
Continuing Operations
before Income Taxes (202,863) 268,279 46,498 (165) 111,749
(Benefit) provision for
income taxes (76,622) 18,720 101,814 — 43,912
(Loss) Income from
Continuing Operations (126,241) 249,559 (55,316) (165) 67,837
Income (loss) from
discontinued operations,
net of income taxes — 19,497 (46,678) 165 (27,016)
Equity in earnings of
subsidiaries (net of tax) 167,062 (111,863) — (55,199) —
Net Income (Loss) $ 40,821 $ 157,193 $(101,994) $ (55,199)$ 40,821
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