Note 19 - Segmented Information

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

19. Segmented information

Operating segments

The Company has

two

reportable operating segments. The segments are grouped with reference to the nature of services provided and the types of clients that use those services. The Company assesses each segment’s performance based on operating earnings or operating earnings before depreciation and amortization. FirstService Residential provides property management and related property services to residential communities in North America. FirstService Brands provides franchised and Company-owned property services to customers in North America. Corporate includes the costs of operating the Company’s corporate head office. The reportable segment information excludes intersegment transactions.

2018	FirstService Residential		FirstService Brands		Corporate			Consolidated
Revenues	$	1,254,840	$	676,633	$	-		$	1,931,473
Depreciation and amortization		23,045		29,686		41			52,772
Operating earnings (loss)		89,043		54,988		(16,463	)		127,568
Other income, net									254
Interest expense, net									(12,620	)
Income taxes									(24,922	)
Net earnings								$	90,280
Total assets	$	474,837	$	525,850	$	6,787		$	1,007,474
Total additions to long lived assets		31,548		90,592		-			122,140

2017	FirstService Residential		FirstService Brands		Corporate			Consolidated
Revenues	$	1,174,332	$	554,699	$	-		$	1,729,031
Depreciation and amortization		21,794		20,244		11			42,049
Goodwill impairment charge		-		6,150		-			6,150
Operating earnings (loss)		77,569		43,990		(16,597	)		104,962
Other expense, net									1,520
Interest expense, net									(9,867	)
Income taxes									(21,568	)
Net earnings								$	75,047
Total assets	$	403,408	$	436,445	$	8,413		$	848,266
Total additions to long lived assets		47,227		53,689		-			100,916

Geographic information

Revenues in each geographic region are reported by customer locations.

	2018		2017
United States
Revenues	$	1,822,688	$	1,632,019
Total long-lived assets		539,645		470,287
Canada
Revenues	$	108,785	$	97,012
Total long-lived assets		42,410		40,901
Consolidated
Revenues	$	1,931,473	$	1,729,031
Total long-lived assets		582,055		511,188