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Note 21 - Segmented Information
 12 Months Ended
Dec. 31, 2023
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

21.

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 company-owned and franchised 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.

 

2023

 

FirstService

  

FirstService

         
  

Residential

  

Brands

  

Corporate

  

Consolidated

 
                 

Revenues

 $1,996,823  $2,337,725  $-  $4,334,548 

Depreciation and amortization

  33,114   94,729   91   127,934 

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 

 

2022

 

FirstService

  

FirstService

         
  

Residential

  

Brands

  

Corporate

  

Consolidated

 
                 

Revenues

 $1,772,258  $1,973,577  $-  $3,745,835 

Depreciation and amortization

  28,611   81,439   90   110,140 

Operating earnings (loss)

  138,873   111,638   (31,485)  219,026 

Other income, net

           146 

Interest expense, net

           (25,191)

Income taxes

           (48,974)
                 

Net earnings

          $145,007 
                 

Total assets

 $836,691  $1,931,847  $5,976  $2,774,514 

Total additions to long lived

                

assets

  56,354   152,960   1,848   211,162 

 

Geographic information

Revenues in each geographic region are reported by customer locations.

 

  

2023

  

2022

 
         

United States

        

Revenues

 $3,771,219  $3,279,533 

Total long-lived assets

  1,827,117   1,290,619 
         

Canada

        

Revenues

 $563,329  $466,302 

Total long-lived assets

  403,206   336,474 
         

Consolidated

        

Revenues

 $4,334,548  $3,745,835 

Total long-lived assets

  2,230,323   1,627,093