Annual report pursuant to Section 13 and 15(d)

REVENUE (Tables)

v3.24.0.1
REVENUE (Tables)
 12 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
Revenue by major geographic area, and by significant product and service offerings
Sales and usage-based taxes are excluded from revenues. No sales to an individual customer or in a country other than the United States accounted for 10% or more of the sales for the periods listed in the following tables. Revenue, classified by the major geographic areas in which our customers are located, was as follows:
2023 2022 2021
(in thousands)
United States $ 2,853,321  $ 2,498,363  $ 2,240,226 
Other countries 219,957  197,460  184,074 
Total Revenues $ 3,073,278  $ 2,695,823  $ 2,424,300 
Revenue from external customers, classified by significant product and service offerings, was as follows:
(in thousands) 2023 2022 2021
Residential revenue $ 1,409,872  $ 1,207,089  $ 1,099,360 
Commercial revenue 1,024,176  920,625  834,624 
Termite completions, bait monitoring, renewals, & ancillary 605,533  535,494  464,043 
Franchise revenues 16,475  15,590  15,532 
Other revenues 17,222  17,025  10,741 
Total Revenues $ 3,073,278  $ 2,695,823  $ 2,424,300 
Changes in unearned revenue
Unearned revenues recognized for the year ended December 31, 2023 and 2022 was $231.7 million and $205.3 million, respectively. Changes in unearned revenues were as follows:
Year Ended December 31,
2023 2022
(in thousands)
Beginning balance $ 187,994  $ 168,607 
Deferral of unearned revenue 253,776  224,647 
Recognition of unearned revenue (231,711) (205,260)
Ending balance $ 210,059  $ 187,994