American Home Shield 2015 Annual Report Download - page 76
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58
Consolidated Statements of Operations and Comprehensive Income (Loss)
(In millions, except per share data)
Year Ended December 31,
2015 2014 2013
Revenue $ 2,594 $ 2,457 $ 2,293
Cost of services rendered and products sold 1,375 1,298 1,220
Selling and administrative expenses 666 669 691
Amortization expense 38 52 51
401(k) Plan corrective contribution 23 — —
Impairment of software and other related costs — 47 —
Consulting agreement termination fees — 21 —
Restructuring charges 5 11 6
Gain on sale of Merry Maids branches (7) (1) —
Interest expense 167 219 247
Interest and net investment income (9) (7) (8)
Loss on extinguishment of debt 58 65 —
Other expense 9 — —
Income from Continuing Operations before Income Taxes 270 84 86
Provision for income taxes 107 40 43
Equity in losses of joint venture — — (1)
Income from Continuing Operations 162 43 42
Loss from discontinued operations, net of income taxes (2) (100) (549)
Net Income (Loss) $ 160 $ (57) $ (507)
Other Comprehensive (Loss) Income, Net of Income Taxes:
N
et unrealized (losses) gains on securities (3) (1) 1
N
et unrealized (losses) gains on derivative instruments (2) (6) 3
Foreign currency translation loss (8) (5) (4)
Other Comprehensive Loss, Net of Income Taxes (13) (13) —
Total Comprehensive Income (Loss) $ 147 $ (70) $ (507)
Weighted-average common shares outstanding - Basic 135.0 112.8 91.6
Weighted-average common shares outstanding - Diluted 136.6 113.8 92.2
Basic Earnings (Loss) Per Share:
Income from Continuing Operations $ 1.20 $ 0.38 $ 0.46
Loss from discontinued operations, net of income taxes (0.01) (0.88) (6.00)
Net Income (Loss) 1.19 (0.50) (5.53)
Diluted Earnings (Loss) Per Share:
Income from Continuing Operations $ 1.19 $ 0.38 $ 0.46
Loss from discontinued operations, net of income taxes (0.01) (0.88) (5.95)
Net Income (Loss) 1.17 (0.50) (5.49)
See accompanying Notes to the Consolidated Financial Statements.
74 2015 Annual Report