ServiceMaster Global Holdings, Inc. (SERV) financial statements (2020 and earlier)

Company profile

Business Address 150 PEABODY PLACE
MEMPHIS, TN 38103-3720
State of Incorp.
Fiscal Year End December 31
SIC 8741 - Management Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments280669500316320408
Cash and cash equivalents280224475291296389
Short-term investments 44525252419
Receivables218186570536487441
Inventory, net of allowances, customer advances and progress billings484541434042
Inventory484541434042
Deferred costs  36343235
Deferred tax assets    76
Other undisclosed current assets836295695442
Total current assets:6299621,2429989331,044
Noncurrent Assets
Operating lease, right-of-use asset97
Property, plant and equipment212201237210160136
Long-term investments and receivables5864635689114
Long-term investments132122195788
Accounts and financing receivable, after allowance for credit loss454341373226
Intangible assets, net (including goodwill)4,0703,5443,9483,9553,8333,765
Goodwill2,2791,9562,2562,2472,1292,069
Intangible assets, net (excluding goodwill)1,7911,5881,6921,7081,7041,696
Deferred costs9577   34
Other noncurrent assets738768718341
Deferred tax assets, net    (715)
Other undisclosed noncurrent assets88888896 715
Total noncurrent assets:4,6934,0614,4044,3884,1654,090
TOTAL ASSETS:5,3225,0235,6465,3865,0985,134
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities284224249242243251
Accounts payable1048911511211084
Accrued liabilities1056156605951
Employee-related liabilities596063546482
Interest and dividends payable161415161034
Deferred revenue111
Debt20 14459 39
Disposal group, including discontinued operation     9
Self insurance reserve725811711110692
Deferred revenue and credits663629552514
Contract with customer, liability95
Other undisclosed current liabilities70481154 
Total current liabilities:5574251,1741,042955905
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,6681,7272,6432,7722,6983,017
Capital lease obligations9091885142
Operating lease, liability111
Other undisclosed long-term debt and lease obligation1,5571,6372,5522,6842,6472,975
Liabilities, other than long-term debt, including:776666662886901853
Deferred tax liabilities, net484493719687715
Deferred income tax liabilities501
Other liabilities164182169167213138
Other undisclosed liabilities, other than long-term debt111   1 
Other undisclosed noncurrent liabilities     (3,016)
Total noncurrent liabilities:2,4442,3933,3053,6583,599854
Total liabilities:3,0012,8184,4794,7004,5541,759
Stockholders' equity
Stockholders' equity attributable to parent, including:2,3222,2041,167686545359
Common stock222222
Treasury stock, value(313)(267)(267)(182)(122)(122)
Additional paid in capital2,3342,3092,3212,2742,2452,207
Accumulated other comprehensive income (loss)955(3)(21)(8)
Retained earnings (accumulated deficit)291156(895)(1,405)(1,560)(1,720)
Other undisclosed stockholders' equity attributable to parent(1)(1)1 1 
Total stockholders' equity:2,3222,2041,167686545359
Other undisclosed liabilities and equity(1)1  (1)3,016
TOTAL LIABILITIES AND EQUITY:5,3225,0235,6465,3865,0985,134

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2,0771,9002,9122,7462,5942,457
Revenue, net2,9122,7462,5942,457
Cost of revenue
(Cost of Goods and Services Sold)
(1,178)(1,041)(1,552)(1,448)(1,375)(1,298)
Gross profit:8998591,3601,2981,2191,159
Operating expenses(624)(598)(840)(855)(709)(778)
Other operating expense, net     (20)
Other nonrecurring (income) expense     (21)
Operating income:275261520443510361
Nonoperating income46546 7
Investment income, nonoperating4654697
Interest and debt expense(95)(143)(156)(185)(225)(284)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(70)(249)2(23)(15) 
Income (loss) from continuing operations before equity method investments, income taxes:156(126)37024127084
Loss from equity method investments   (1)  
Income (loss) from continuing operations before income taxes:156(126)37024027084
Income tax expense (benefit)(27)(37)139(85)(107)(40)
Income (loss) from continuing operations:129(163)50915516344
Income (loss) from discontinued operations(1)122 (1)(2) 
Net income (loss):128(41)50915416144
Other undisclosed net income (loss) attributable to parent  11(1)(101)
Net income (loss) available to common stockholders, diluted:128(41)510155160(57)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):128(41)50915416144
Other comprehensive income (loss)4(3)818(13)(13)
Comprehensive income (loss):132(44)51717214831
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  11(1)(101)
Comprehensive income (loss), net of tax, attributable to parent:132(44)518173147(70)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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