American Home Shield 2011 Annual Report Download - page 43

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Table of Contents
(in thousands) TruGreen Terminix
American
Home
Shield
ServiceMaster
Clean
Other
Operations
and
Headquarters Total
Year Ended
Dec. 31, 2010
Operating
income (loss)
(1) $112,312 $199,750 $ 68,380 $ 55,450 $ (129,200)$306,692
Depreciation and
amortization
expense 66,069 67,761 42,259 7,106 13,430 196,625
EBITDA 178,381 267,511 110,639 62,556 (115,770) 503,317
Interest and net
investment
income(2) — — 6,243 153 2,962 9,358
Residual value
guarantee
charge(8) 9,222 — — 982 245 10,449
Adjusted
EBITDA 187,603 267,511 116,882 63,691 (112,563) 523,124
Non-cash stock-
based
compensation
expense — — — — 9,352 9,352
Non-cash credits
attributable to
purchase
accounting(4) (53) (173) (146) — — (372)
Comparable
Operating
Performance $187,550 $267,338 $116,736 $ 63,691 $ (103,211)$532,104
Memo: Items
included in
Comparable
Operating
Performance
Restructuring
charges
(credits)(5) $ 6,922 $ 3,491 $ (127) $ 71 $ 1,091 $ 11,448
Management and
consulting
fees(6) $ — $ — $ — $ — $ 7,500 $ 7,500
Memo: Items
excluded from
Comparable
Operating
Performance
Comparable
Operating
Performance
of
discontinued
operations(7) $ — $ — $ — $ — $ 7,862 $ 7,862
41