UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): MAY 12, 2004
FIRSTSERVICE CORPORATION
(Exact name of Registrant as specified in its charter)
Commission file number 0-24762
ONTARIO, CANADA NOT APPLICABLE
(Jurisdiction of incorporation) (I.R.S. employer identification no.)
1140 BAY STREET, SUITE 4000
TORONTO, ONTARIO, CANADA M5S 2B4
(Address of Principal Executive Offices) (Postal code)
Registrant's telephone number, including area code: 416-960-9500
NOT APPLICABLE
(Former Name or Former Address, if changed since last report)
-2-
ITEM 12. QUARTERLY RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
The following information is being furnished under Item 12 of Form 8-K: On May
12, 2004, FirstService Corporation issued a press release, a copy of which is
attached hereto as Exhibit 99.1 and incorporated herein by reference.
The following tables provide a reconciliation of EBITDA, as used in the attached
press release, to operating earnings and should be read in conjunction with the
Note to the Condensed Consolidated Statements of Earnings in the attached press
release.
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THREE MONTHS ENDED MARCH 31 2004 2003
(in thousands of US dollars)
EBITDA $ 9,723 $ 6,510
Less: depreciation and amortization (4,021) (3,605)
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Equals: operating earnings $ 5,702 $ 2,905
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YEAR ENDED MARCH 31 2004 2003
(in thousands of US dollars)
EBITDA $ 54,294 $ 50,988
Less: depreciation and amortization (15,223) (13,285)
-------- --------
Equals: operating earnings $ 39,071 $ 37,703
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the Registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
FIRSTSERVICE CORPORATION
May 12, 2004 /s/ John B. Friedrichsen
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John B. Friedrichsen
Senior Vice President and
Chief Financial Officer