TBI FY 2012 Earnings Report — TrueBlue, Inc. Revenue & Financial Results | Market Cap Arena

TrueBlue, Inc.TBI

FY 2012 Earnings

Reported February 21, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$1.4B	—	$1.3B	—	5.6%
Op. Income	$53M	—	$48M	—	10.9%
Gross Margin	26.8%	—	26.4%	—	0.4pp
Net Margin	2.4%	—	2.3%	—	0.1pp
EPS (Diluted)	$0.84	—	$0.73	—	15.1%
Free Cash Flow	$34M	—	$21M	—	65.2%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$1.0B
GROSS PROFIT	$372M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$297M
SG&A Expenses	$300M
Other Expenses	$19M
Operating Expenses	$319M
Cost & Expenses	$1.3B
OPERATING INCOME	$53M
Interest Income	$3M
Interest Expense	$1M
Other Income/Expenses	$2M
INCOME BEFORE TAX	$55M
Income Tax Expense	$21M
Net Income from Continuing Ops	$34M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$34M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$34M
D&A	$19M
EBIT	$56M
EBITDA	$75M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$1.0B
GROSS PROFIT	$372M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$297M
SG&A Expenses	$300M
Other Expenses	$19M
Operating Expenses	$319M
Cost & Expenses	$1.3B
OPERATING INCOME	$53M
Interest Income	$3M
Interest Expense	$1M
Other Income/Expenses	$2M
INCOME BEFORE TAX	$55M
Income Tax Expense	$21M
Net Income from Continuing Ops	$34M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$34M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$34M
D&A	$19M
EBIT	$56M
EBITDA	$75M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$34M
Depreciation & Amortization	$19M
Stock-Based Compensation	$8M
Deferred Income Tax	$3M
Other Non-Cash Items	$9M
Change in Working Capital	-$20M
OPERATING CASH FLOW	$52M
Capital Expenditure	-$18M
Acquisitions (Net)	$16M
Purchases of Investments	-$34M
Sales/Maturities of Investments	$18M
Other Investing Activities	-$8M
NET CASH FROM INVESTING	-$26M
Net Debt Issuance	$0
Common Stock Repurchased	-$7M
Common Dividends Paid	$0
Other Financing Activities	-$4M
NET CASH FROM FINANCING	-$6M
FREE CASH FLOW	$34M
Net Change in Cash	$20M

Balance Sheet

Item	Amount
Cash & Equivalents	$130M
Short-Term Investments	$0
Net Receivables	$174M
Inventory	$0
Other Current Assets	$5M
TOTAL CURRENT ASSETS	$317M
PP&E (Net)	$58M
Goodwill	$48M
Intangible Assets	$17M
Long-Term Investments	-$67M
Tax Assets	$3M
Other Non-Current Assets	$226M
TOTAL NON-CURRENT ASSETS	$285M
TOTAL ASSETS	$602M
Account Payables	$27M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$51M
TOTAL CURRENT LIABILITIES	$114M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$155M
TOTAL NON-CURRENT LIABILITIES	$155M
TOTAL LIABILITIES	$268M
Common Stock	$1M
Additional Paid-In Capital	$1.0K
Retained Earnings	$331M
Treasury Stock	$0
Accum. Other Comp. Income	$3M
Other Equity	-$1.0K
TOTAL STOCKHOLDERS' EQUITY	$334M
Minority Interest	$0
TOTAL EQUITY	$334M
TOTAL LIABILITIES & EQUITY	$602M
Total Debt	$45M
Net Debt	-$85M