ARMK FY 2023 Earnings Report — Aramark Revenue & Financial Results | Market Cap Arena

FY 2023 Earnings

Reported November 21, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$16.1B	—	$13.7B	—	17.5%
Op. Income	$625M	—	$415M	—	50.5%
Gross Margin	8.1%	—	7.8%	—	0.3pp
Net Margin	4.2%	—	1.4%	—	2.8pp
EPS (Diluted)	$2.57	—	$0.75	—	242.7%
Free Cash Flow	$305M	—	$330M	—	-7.5%

Revenue Flow

Item	Amount
REVENUE	$16.1B
Cost of Revenue	$14.8B
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$274M
Other Expenses	$410M
Operating Expenses	$684M
Cost & Expenses	$15.5B
OPERATING INCOME	$625M
Interest Income	$30M
Interest Expense	$467M
Other Income/Expenses	-$62M
INCOME BEFORE TAX	$564M
Income Tax Expense	$116M
Net Income from Continuing Ops	$447M
Net Income from Discontinued Ops	$226M
Other Adjustments	$0
NET INCOME	$674M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$674M
D&A	$410M
EBIT	$1.0B
EBITDA	$1.4B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$16.1B
Cost of Revenue	$14.8B
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$274M
Other Expenses	$410M
Operating Expenses	$684M
Cost & Expenses	$15.5B
OPERATING INCOME	$625M
Interest Income	$30M
Interest Expense	$467M
Other Income/Expenses	-$62M
INCOME BEFORE TAX	$564M
Income Tax Expense	$116M
Net Income from Continuing Ops	$447M
Net Income from Discontinued Ops	$226M
Other Adjustments	$0
NET INCOME	$674M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$674M
D&A	$410M
EBIT	$1.0B
EBITDA	$1.4B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$674M
Depreciation & Amortization	$546M
Stock-Based Compensation	$87M
Deferred Income Tax	$115M
Other Non-Cash Items	-$582M
Change in Working Capital	-$73M
OPERATING CASH FLOW	$766M
Capital Expenditure	-$461M
Acquisitions (Net)	$631M
Purchases of Investments	-$110M
Sales/Maturities of Investments	$80M
Other Investing Activities	$69M
NET CASH FROM INVESTING	$209M
Net Debt Issuance	$752M
Common Stock Repurchased	$0
Common Dividends Paid	-$115M
Other Financing Activities	-$30M
NET CASH FROM FINANCING	$654M
FREE CASH FLOW	$305M
Net Change in Cash	$1.6B

Balance Sheet

Item	Amount
Cash & Equivalents	$1.9B
Short-Term Investments	$111M
Net Receivables	$2.0B
Inventory	$404M
Other Current Assets	$621M
TOTAL CURRENT ASSETS	$5.2B
PP&E (Net)	$2.0B
Goodwill	$4.6B
Intangible Assets	$2.0B
Long-Term Investments	$158M
Tax Assets	$0
Other Non-Current Assets	$2.9B
TOTAL NON-CURRENT ASSETS	$11.7B
TOTAL ASSETS	$16.9B
Account Payables	$1.3B
Short-Term Debt	$1.5B
Deferred Revenue	$350M
Other Current Liabilities	$396M
TOTAL CURRENT LIABILITIES	$5.0B
Long-Term Debt	$5.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$411M
Other Non-Current Liabilities	$2.4B
TOTAL NON-CURRENT LIABILITIES	$8.1B
TOTAL LIABILITIES	$13.2B
Common Stock	$3M
Additional Paid-In Capital	$3.8B
Retained Earnings	$964M
Treasury Stock	-$982M
Accum. Other Comp. Income	-$98M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.7B
Minority Interest	$8M
TOTAL EQUITY	$3.7B
TOTAL LIABILITIES & EQUITY	$16.9B
Total Debt	$6.9B
Net Debt	$5.0B