ARMK FY 2018 Earnings Report — Aramark Revenue & Financial Results | Market Cap Arena

FY 2018 Earnings

Reported November 21, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$15.8B	—	$14.6B	—	8.1%
Op. Income	$818M	—	$802M	—	2.1%
Gross Margin	11.3%	—	11.0%	—	0.3pp
Net Margin	3.6%	—	2.6%	—	1.0pp
EPS (Diluted)	$2.24	—	$1.49	—	50.3%
Free Cash Flow	$429M	—	$520M	—	-17.4%

Revenue Flow

Item	Amount
REVENUE	$15.8B
Cost of Revenue	$14.0B
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$377M
General & Administrative	$0
SG&A Expenses	$377M
Other Expenses	$596M
Operating Expenses	$973M
Cost & Expenses	$15.0B
OPERATING INCOME	$818M
Interest Income	$17M
Interest Expense	$353M
Other Income/Expenses	-$347M
INCOME BEFORE TAX	$472M
Income Tax Expense	-$97M
Net Income from Continuing Ops	$568M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$568M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$568M
D&A	$596M
EBIT	$825M
EBITDA	$1.4B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$15.8B
Cost of Revenue	$14.0B
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$377M
General & Administrative	$0
SG&A Expenses	$377M
Other Expenses	$596M
Operating Expenses	$973M
Cost & Expenses	$15.0B
OPERATING INCOME	$818M
Interest Income	$17M
Interest Expense	$353M
Other Income/Expenses	-$347M
INCOME BEFORE TAX	$472M
Income Tax Expense	-$97M
Net Income from Continuing Ops	$568M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$568M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$568M
D&A	$596M
EBIT	$825M
EBITDA	$1.4B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$568M
Depreciation & Amortization	$596M
Stock-Based Compensation	$88M
Deferred Income Tax	-$104M
Other Non-Cash Items	$27M
Change in Working Capital	-$128M
OPERATING CASH FLOW	$1.0B
Capital Expenditure	-$618M
Acquisitions (Net)	-$2.2B
Purchases of Investments	-$629M
Sales/Maturities of Investments	$635M
Other Investing Activities	-$7M
NET CASH FROM INVESTING	-$2.9B
Net Debt Issuance	$1.9B
Common Stock Repurchased	-$24M
Common Dividends Paid	-$103M
Other Financing Activities	-$28M
NET CASH FROM FINANCING	$1.8B
FREE CASH FLOW	$429M
Net Change in Cash	-$24M

Balance Sheet

Item	Amount
Cash & Equivalents	$215M
Short-Term Investments	$0
Net Receivables	$1.8B
Inventory	$725M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.9B
PP&E (Net)	$1.4B
Goodwill	$5.6B
Intangible Assets	$2.3B
Long-Term Investments	$1.3B
Tax Assets	$0
Other Non-Current Assets	$267M
TOTAL NON-CURRENT ASSETS	$10.8B
TOTAL ASSETS	$13.7B
Account Payables	$1.0B
Short-Term Debt	$31M
Deferred Revenue	$299M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$2.5B
Long-Term Debt	$7.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$503M
Other Non-Current Liabilities	$474M
TOTAL NON-CURRENT LIABILITIES	$8.2B
TOTAL LIABILITIES	$10.7B
Common Stock	$3M
Additional Paid-In Capital	$3.1B
Retained Earnings	$711M
Treasury Stock	-$725M
Accum. Other Comp. Income	-$91M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.0B
Minority Interest	$10M
TOTAL EQUITY	$3.0B
TOTAL LIABILITIES & EQUITY	$13.7B
Total Debt	$7.2B
Net Debt	$7.0B