American Home Shield 2011 Annual Report Download - page 124

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, 2010
(In thousands)
The
ServiceMaster
Company Guarantors
Non-
Guarantors Eliminations Consolidated
Assets
Current Assets:
Cash and cash equivalents $ 132,168 $ 16,900 $ 103,630 $ — $ 252,698
Marketable securities — — 30,406 — 30,406
Receivables 1,229 109,680 414,370 (173,185) 352,094
Inventories — 52,139 2,593 — 54,732
Prepaid expenses and other assets 10,129 12,583 18,152 — 40,864
Deferred customer acquisition costs — 15,163 19,214 — 34,377
Deferred taxes — 12,808 391 (1,641) 11,558
Assets of discontinued operations — — 51,004 — 51,004
Total Current Assets 143,526 219,273 639,760 (174,826) 827,733
Property and Equipment:
At cost — 307,468 132,581 — 440,049
Less: accumulated depreciation — (118,614) (54,537) — (173,151)
Net property and equipment — 188,854 78,044 — 266,898
Other Assets:
Goodwill — 2,760,512 364,781 — 3,125,293
Intangible assets, primarily trade names, service marks
and trademarks, net — 1,895,059 758,452 — 2,653,511
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 3,299,019 913,502 — (4,212,521) —
Other assets 98,425 4,164 882 (96,307) 7,164
Debt issuance costs 52,366 — — — 52,366
Assets of discontinued operations — — 32,398 — 32,398
Total Assets $ 5,594,578 $ 5,981,595 $ 2,003,904 $ (6,481,987) $ 7,098,090
Liabilities and Shareholder's Equity
Current Liabilities:
Accounts payable $ 272 $ 46,187 $ 26,186 $ — $ 72,645
Accrued liabilities:
Payroll and related expenses 1,608 45,031 39,008 — 85,647
Self-insured claims and related expenses — 20,430 60,848 — 81,278
Accrued interest payable 69,613 259 (227) — 69,645
Other 7,427 37,273 40,055 (1,641) 83,114
Deferred revenue — 134,817 314,830 — 449,647
Liabilities of discontinued operations — 150 16,150 — 16,300
Current portion of long-term debt 103,654 13,093 105,850 (173,185) 49,412
Total Current Liabilities 182,574 297,240 602,700 (174,826) 907,688
Long-Term Debt 3,868,474 1,699,589 329,345 (1,998,333) 3,899,075
Other Long-Term Liabilities:
Deferred taxes — 753,945 277,333 (96,307) 934,971
Intercompany payable 287,220 — 183,617 (470,837) —
Liabilities of discontinued operations — — 4,848 — 4,848
Other long-term obligations 68,783 535 94,663 — 163,981
Total Other Long-Term Liabilities 356,003 754,480 560,461 (567,144) 1,103,800
Shareholder's Equity 1,187,527 3,230,286 511,398 (3,741,684) 1,187,527
Total Liabilities and Shareholder's Equity $ 5,594,578 $ 5,981,595 $ 2,003,904 $ (6,481,987) $ 7,098,090