Note 21 - Segmented Information

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

21. Segmented information

Operating segments

The Company has two reportable segments as determined by the chief operating decision maker (CODM), who is the Chief Executive Officer of the Company. The segments are grouped with reference to the nature of services provided and the types of clients that use those services. The CODM assesses each segment’s performance based on operating earnings. Specifically, the CODM uses operating earnings to monitor results against expectations for each reportable segment. FirstService Residential provides property management and related property services to residential communities in North America. FirstService Brands provides company-owned and franchised property services to customers in North America. Corporate includes the costs of operating the Company’s corporate head office.

2024	FirstService		FirstService
	Residential		Brands			Corporate			Consolidated
Revenues	$	2,134,469	$	3,082,425		$	-		$	5,216,894
Cost of revenues		1,610,531		1,888,443			-			3,498,974
Selling, general and administrative		324,650		854,493			50,398			1,229,541
Depreciation and amortization		37,506		127,672			91			165,269
Acquisition-related items		2,576		(18,263	)		1,285			(14,402	)
Operating earnings (loss)		159,206		230,080			(51,774	)		337,512
Other income, net										3,239
Interest expense, net										(82,853	)
Income taxes										(70,124	)
Net earnings									$	187,774
Total assets	$	1,064,696	$	3,124,584		$	5,572		$	4,194,852
Total additions to long lived assets		74,880		462,130			-			537,010

2023	FirstService			FirstService
	Residential			Brands		Corporate			Consolidated
Revenues	$	1,996,823		$	2,337,725	$	-		$	4,334,548
Cost of revenues		1,511,994			1,435,014		-			2,947,008
Selling, general and administrative		297,037			660,355		35,805			993,197
Depreciation and amortization		33,114			94,729		91			127,934
Acquisition-related items		(366	)		21,159		724			21,517
Operating earnings (loss)		155,044			126,468		(36,620	)		244,892
Other income, net										5,810
Interest expense, net										(47,364	)
Income taxes										(56,317	)
Net earnings									$	147,021
Total assets	$	939,586		$	2,679,848	$	6,309		$	3,625,743
Total additions to long lived assets		139,174			588,768		-			727,942

Geographic information

Revenues in each geographic region are reported by customer locations.

	2024		2023
United States
Revenues	$	4,566,136	$	3,771,219
Total long-lived assets		2,178,444		1,827,117
Canada
Revenues	$	650,758	$	563,329
Total long-lived assets		426,934		403,206
Consolidated
Revenues	$	5,216,894	$	4,334,548
Total long-lived assets		2,605,378		2,230,323