EXHIBIT 99.2
The ServiceMaster Company
QUARTERLY CONSOLIDATED STATEMENTS OF INCOME FOR 2002 AND 2001
2002
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First Second Third Fourth Full
(in thousands, except per share data) Quarter Quarter Quarter Quarter Year
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Operating Revenue $ 734,263 $ 1,034,937 $ 1,010,661 $ 809,228 $3,589,089
Operating Costs and Expenses:
Cost of services rendered and products sold 530,811 680,381 685,893 584,141 2,481,226
Selling and administrative expenses 161,602 217,728 197,647 184,108 761,085
Goodwill, trade name and other intangible amortization 2,154 2,152 2,126 1,010 7,442
Charge for impaired assets and other items - - - (2,000) (2,000)
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Total operating costs and expenses 694,567 900,261 885,666 767,259 3,247,753
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Operating Income 39,696 134,676 124,995 41,969 341,336
Interest expense 22,541 21,725 17,030 16,223 77,519
Interest and investment income (2,932) (1,966) (405) (1,128) (6,431)
Minority interest and other expense, net 1,570 2,014 1,905 1,193 6,682
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Income from Continuing Operations before Income Taxes 18,517 112,903 106,465 25,681 263,566
Provision for income taxes 6,659 41,466 39,477 5,866 93,468
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Income from Continuing Operations before Extraordinary Items 11,858 71,437 66,988 19,815 170,098
Discontinued operations, net of income taxes (217) 295 1,095 (5,048) (3,875)
Extraordinary loss, net of income taxes - (9,229) - - (9,229)
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Net Income $ 11,641 $ 62,503 $ 68,083 $ 14,767 $ 156,994
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Diluted Earnings Per Share:
Income from Continuing Operations before Extraordinary Items $ 0.04 $ 0.23 $ 0.22 $ 0.07 $ 0.56
Discontinued operations, net (0.00) 0.00 0.00 (0.02) (0.01)
Extraordinary loss, net - (0.03) - - (0.03)
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Diluted Earnings Per Share $ 0.04 $ 0.20 $ 0.22 $ 0.05 $ 0.52
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2001
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First Second Third Fourth Full
(in thousands, except per share data) Quarter Quarter Quarter Quarter Year
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Operating Revenue $ 722,861 $ 1,020,034 $ 981,284 $ 837,266 $ 3,561,445
Operating Costs and Expenses:
Cost of services rendered and products sold 530,481 681,006 671,961 597,024 2,480,472
Selling and administrative expenses 140,769 205,026 184,947 157,687 688,429
Goodwill, trade name and other intangible amortization 17,282 18,071 17,872 17,665 70,890
Charge for impaired assets and other items - - - 344,831 344,831
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Total operating costs and expenses 688,532 904,103 874,780 1,117,207 3,584,622
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Operating Income 34,329 115,931 106,504 (279,941) (23,177)
Interest expense 34,574 31,825 30,948 30,686 128,033
Interest and investment income (1,249) (4,324) (5,461) (938) (11,972)
Minority interest and other expense (income), net (1,774) 2,838 2,248 2,345 5,657
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Income from Continuing Operations before Income Taxes 2,778 85,592 78,769 (312,034) (144,895)
Provision for income taxes 2,044 35,857 33,727 (52,059) 19,569
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Income from Continuing Operations before
Extraordinary Items 734 49,735 45,042 (259,975) (164,464)
Discontinued operations, net of income taxes 5,258 4,225 7,490 267,297 284,270
Extraordinary gain (loss), net of income taxes 6,003 - - (9,425) (3,422)
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Net Income $ 11,995 $ 53,960 $ 52,532 $ (2,103) $ 116,384
Diluted Earnings Per Share:
Income from Continuing Operations before
Extraordinary Items $ 0.00 $ 0.16 $ 0.15 $ (0.87) $ (0.55)
Discontinued operations, net 0.02 0.01 0.02 0.89 0.95
Extraordinary gain (loss), net 0.02 - - (0.03) (0.01)
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Diluted Earnings Per Share $ 0.04 $ 0.18 $ 0.17 $ (0.01) $ 0.39
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