ARMK FY 2022 Earnings Report — Aramark Revenue & Financial Results | Market Cap Arena

FY 2022 Earnings

Reported November 22, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$13.7B	—	$12.1B	—	13.2%
Op. Income	$415M	—	$191M	—	117.0%
Gross Margin	7.8%	—	9.0%	—	-1.2pp
Net Margin	1.4%	—	-0.8%	—	2.2pp
EPS (Diluted)	$0.75	—	$-0.36	—	308.3%
Free Cash Flow	$330M	—	$282M	—	17.0%

Revenue Flow

Item	Amount
REVENUE	$13.7B
Cost of Revenue	$12.6B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$258M
Other Expenses	$398M
Operating Expenses	$656M
Cost & Expenses	$13.3B
OPERATING INCOME	$415M
Interest Income	$17M
Interest Expense	$385M
Other Income/Expenses	-$368M
INCOME BEFORE TAX	$47M
Income Tax Expense	$8M
Net Income from Continuing Ops	$39M
Net Income from Discontinued Ops	$155M
Other Adjustments	$0
NET INCOME	$194M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$194M
D&A	$398M
EBIT	$432M
EBITDA	$830M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$13.7B
Cost of Revenue	$12.6B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$258M
Other Expenses	$398M
Operating Expenses	$656M
Cost & Expenses	$13.3B
OPERATING INCOME	$415M
Interest Income	$17M
Interest Expense	$385M
Other Income/Expenses	-$368M
INCOME BEFORE TAX	$47M
Income Tax Expense	$8M
Net Income from Continuing Ops	$39M
Net Income from Discontinued Ops	$155M
Other Adjustments	$0
NET INCOME	$194M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$194M
D&A	$398M
EBIT	$432M
EBITDA	$830M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$194M
Depreciation & Amortization	$532M
Stock-Based Compensation	$95M
Deferred Income Tax	$35M
Other Non-Cash Items	-$54M
Change in Working Capital	-$109M
OPERATING CASH FLOW	$694M
Capital Expenditure	-$365M
Acquisitions (Net)	-$467M
Purchases of Investments	-$78M
Sales/Maturities of Investments	$0
Other Investing Activities	$78M
NET CASH FROM INVESTING	-$831M
Net Debt Issuance	$53M
Common Stock Repurchased	$0
Common Dividends Paid	-$113M
Other Financing Activities	-$27M
NET CASH FROM FINANCING	-$38M
FREE CASH FLOW	$330M
Net Change in Cash	-$203M

Balance Sheet

Item	Amount
Cash & Equivalents	$329M
Short-Term Investments	$0
Net Receivables	$2.1B
Inventory	$552M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.3B
PP&E (Net)	$2.6B
Goodwill	$5.5B
Intangible Assets	$2.3B
Long-Term Investments	$405M
Tax Assets	$0
Other Non-Current Assets	$932M
TOTAL NON-CURRENT ASSETS	$11.8B
TOTAL ASSETS	$15.1B
Account Payables	$1.3B
Short-Term Debt	$65M
Deferred Revenue	$347M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$3.3B
Long-Term Debt	$7.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$501M
Other Non-Current Liabilities	$605M
TOTAL NON-CURRENT LIABILITIES	$8.8B
TOTAL LIABILITIES	$12.0B
Common Stock	$3M
Additional Paid-In Capital	$3.7B
Retained Earnings	$407M
Treasury Stock	-$951M
Accum. Other Comp. Income	-$112M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.0B
Minority Interest	$9M
TOTAL EQUITY	$3.0B
TOTAL LIABILITIES & EQUITY	$15.1B
Total Debt	$7.8B
Net Debt	$7.5B