American Home Shield 2011 Annual Report Download - page 73
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Table of Contents
Consolidated Statements of Operations
(In thousands)
Year Ended December 31,
2011 2010 2009
Operating Revenue $ 3,205,872 $ 3,127,394 $ 2,977,885
Operating Costs and Expenses:
Cost of services rendered and products sold 1,813,706 1,777,304 1,691,251
Selling and administrative expenses 880,492 895,950 830,747
Amortization expense 91,352 136,000 158,771
Trade name impairment 36,700 — 26,600
Restructuring charges 8,162 11,448 26,682
Total operating costs and expenses 2,830,412 2,820,702 2,734,051
Operating Income 375,460 306,692 243,834
Non-operating Expense (Income)
Interest expense 273,123 286,933 299,333
Interest and net investment income (10,886) (9,358) (7,079)
Loss (gain) on extinguishment of debt 774 — (46,106)
Other expense 700 733 748
Income (Loss) from Continuing Operations before Income Taxes 111,749 28,384 (3,062)
Provision (benefit) for income taxes 43,912 10,945 (9,204)
Income from Continuing Operations 67,837 17,439 6,142
(Loss) income from discontinued operations, net of income taxes (27,016) (31,998) 7,353
Net Income (Loss) $ 40,821 $ (14,559) $ 13,495
See accompanying Notes to the Consolidated Financial Statements.
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