American Home Shield 2011 Annual Report Download - page 74

Table of Contents
Consolidated Statements of Financial Position
(In thousands, except share data)
As of December 31, 2011 2010
Assets:
Current Assets:
Cash and cash equivalents $ 328,930 $ 252,698
Marketable securities 12,026 30,406
Receivables, less allowances of $20,362 and $16,709, respectively 374,200 352,094
Inventories 59,643 54,732
Prepaid expenses and other assets 38,295 40,864
Deferred customer acquisition costs 30,403 34,377
Deferred taxes 90,609 11,558
Assets of discontinued operations 17 51,004
Total Current Assets 934,123 827,733
Property and Equipment:
At cost 541,817 440,049
Less: accumulated depreciation (235,058) (173,151)
Net Property and Equipment 306,759 266,898
Other Assets:
Goodwill 3,161,980 3,125,293
Intangible assets, primarily trade names, service marks and trademarks, net 2,543,539 2,653,511
Notes receivable 23,322 22,550
Long-term marketable securities 130,456 110,177
Other assets 8,846 7,164
Debt issuance costs 37,798 52,366
Assets of discontinued operations — 32,398
Total Assets $ 7,146,823 $ 7,098,090
Liabilities and Shareholder's Equity:
Current Liabilities:
Accounts payable $ 81,641 $ 72,645
Accrued liabilities:
Payroll and related expenses 85,346 85,647
Self-insured claims and related expenses 73,071 81,278
Accrued interest payable 67,011 69,645
Other 70,103 83,114
Deferred revenue 473,242 449,647
Liabilities of discontinued operations 805 16,300
Current portion of long-term debt 51,838 49,412
Total Current Liabilities 903,057 907,688
Long-Term Debt 3,824,032 3,899,075
Other Long-Term Liabilities:
Deferred taxes 1,036,693 934,971
Liabilities of discontinued operations 2,070 4,848
Other long-term obligations, primarily self-insured claims 133,052 163,981
Total Other Long-Term Liabilities 1,171,815 1,103,800
Commitments and Contingencies (See Note 9)
Shareholder's Equity:
Common stock $0.01 par value, authorized 1,000 shares; issued 1,000 shares — —
Additional paid-in capital 1,464,293 1,455,881
Retained deficit (210,162) (250,983)
Accumulated other comprehensive loss (6,212) (17,371)
Total Shareholder's Equity 1,247,919 1,187,527
Total Liabilities and Shareholder's Equity $ 7,146,823 $ 7,098,090
See accompanying Notes to the Consolidated Financial Statements.