American Home Shield 2011 Annual Report Download - page 122

Table of Contents
Notes to the Consolidated Financial Statements (Continued)
Note 20. Condensed Consolidating Financial Statements of The ServiceMaster Company and Subsidiaries (Continued)
Condensed Consolidating Statement of Financial Position
As of December 31, 2011
(In thousands)
The
ServiceMaster
Company Guarantors
Non-
Guarantors Eliminations Consolidated
Assets
Current Assets:
Cash and cash equivalents $ 232,382 $ 13,751 $ 82,797 $ — $ 328,930
Marketable securities — — 12,026 — 12,026
Receivables 1,202 108,486 452,149 (187,637) 374,200
Inventories — 57,219 2,424 — 59,643
Prepaid expenses and other assets 5,629 12,742 20,218 (294) 38,295
Deferred customer acquisition costs — 13,838 16,565 — 30,403
Deferred taxes 39,221 47,218 4,170 — 90,609
Assets of discontinued operations — 7 10 — 17
Total Current Assets 278,434 253,261 590,359 (187,931) 934,123
Property and Equipment:
At cost — 377,900 163,917 — 541,817
Less: accumulated depreciation — (164,689) (70,369) — (235,058)
Net property and equipment — 213,211 93,548 — 306,759
Other Assets:
Goodwill — 2,796,789 365,191 — 3,161,980
Intangible assets, primarily trade names, service marks
and trademarks, net — 1,804,619 738,920 — 2,543,539
Notes receivable 1,997,157 82 31,187 (2,005,104) 23,322
Long-term marketable securities 10,834 — 119,622 — 130,456
Investments in and advances to subsidiaries 2,890,634 872,451 — (3,763,085) —
Other assets 51,871 3,838 3,926 (50,789) 8,846
Debt issuance costs 37,708 — 90 — 37,798
Total Assets $ 5,266,638 $ 5,944,251 $ 1,942,843 $ (6,006,909) $ 7,146,823
Liabilities and Shareholder's Equity
Current Liabilities:
Accounts payable $ 192 $ 46,378 $ 35,071 $ — $ 81,641
Accrued liabilities:
Payroll and related expenses 1,659 40,608 43,079 — 85,346
Self-insured claims and related expenses — 20,400 52,671 — 73,071
Accrued interest payable 67,000 260 45 (294) 67,011
Other 2,919 31,760 35,424 — 70,103
Deferred revenue — 142,918 330,324 — 473,242
Liabilities of discontinued operations — 279 526 — 805
Current portion of long-term debt 108,428 14,258 116,789 (187,637) 51,838
Total Current Liabilities 180,198 296,861 613,929 (187,931) 903,057
Long-Term Debt 3,782,391 2,015,961 30,784 (2,005,104) 3,824,032
Other Long-Term Liabilities:
Deferred taxes — 808,830 278,652 (50,789) 1,036,693
Intercompany payable 12,309 — 310,011 (322,320) —
Liabilities of discontinued operations — — 2,070 — 2,070
Other long-term obligations, primarily self-insured
claims 43,821 220 89,011 — 133,052
Total Other Long-Term Liabilities 56,130 809,050 679,744 (373,109) 1,171,815
Shareholder's Equity 1,247,919 2,822,379 618,386 (3,440,765) 1,247,919
Total Liabilities and Shareholder's Equity $ 5,266,638 $ 5,944,251 $ 1,942,843 $ (6,006,909) $ 7,146,823