Quarterly report pursuant to Section 13 or 15(d)

REVENUE (Tables)

v3.22.2
REVENUE (Tables)
6 Months Ended
Jun. 30, 2022
REVENUE  
Revenue by major geographic area, and by significant product and service offerings

Revenue, classified by the major geographic areas in which our customers are located, was as follows:

Three Months Ended

Six Months Ended

June 30, 

June 30, 

    

2022

    

2021

    

2022

    

2021

(in thousands)

United States

$

661,703

$

589,935

$

1,208,163

$

1,084,035

Other countries

 

52,346

 

48,269

 

96,566

 

89,723

Total Revenues

$

714,049

$

638,204

$

1,304,729

$

1,173,758

Revenue from external customers, classified by significant product and service offerings, was as follows:

Three Months Ended

Six Months Ended

June 30, 

June 30, 

(in thousands)

    

2022

    

2021

    

2022

    

2021

Residential revenue

$

325,311

$

292,945

$

584,570

$

528,124

Commercial revenue

 

234,483

 

210,838

 

440,270

 

399,535

Termite completions, bait monitoring, & renewals

 

146,781

 

127,674

 

266,487

 

233,368

Franchise revenues

4,155

4,111

7,892

7,570

Other revenues

 

3,319

 

2,636

 

5,510

 

5,161

Total Revenues

$

714,049

$

638,204

$

1,304,729

$

1,173,758

Changes in unearned revenue

    

Three Months Ended June 30, 

Six Months Ended June 30, 

    

2022

    

2021

2022

    

2021

(in thousands)

Beginning balance

$

180,333

$

158,766

$

168,607

$

149,224

Deferral of unearned revenue

 

63,628

 

60,655

 

125,263

 

116,034

Recognition of unearned revenue

 

(50,989)

 

(46,470)

 

(100,898)

 

(92,307)

Ending balance

$

192,972

$

172,951

$

192,972

$

172,951