TBI FY 2018 Earnings Report — TrueBlue, Inc. Revenue & Financial Results | Market Cap Arena

TrueBlue, Inc.TBI

FY 2018 Earnings

Reported February 22, 2019

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	$2.5B	—	$2.5B	—	-0.4%
Op. Income	$74M	—	$78M	—	-4.7%
Gross Margin	26.6%	—	25.3%	—	1.3pp
Net Margin	2.6%	—	2.2%	—	0.4pp
EPS (Diluted)	$1.63	—	$1.34	—	21.6%
Free Cash Flow	$109M	—	$78M	—	39.5%

Revenue Flow

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$1.8B
GROSS PROFIT	$666M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$543M
SG&A Expenses	$551M
Other Expenses	$41M
Operating Expenses	$592M
Cost & Expenses	$2.4B
OPERATING INCOME	$74M
Interest Income	$7M
Interest Expense	$5M
Other Income/Expenses	$2M
INCOME BEFORE TAX	$76M
Income Tax Expense	$10M
Net Income from Continuing Ops	$66M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$66M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$66M
D&A	$41M
EBIT	$74M
EBITDA	$115M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$1.8B
GROSS PROFIT	$666M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$543M
SG&A Expenses	$551M
Other Expenses	$41M
Operating Expenses	$592M
Cost & Expenses	$2.4B
OPERATING INCOME	$74M
Interest Income	$7M
Interest Expense	$5M
Other Income/Expenses	$2M
INCOME BEFORE TAX	$76M
Income Tax Expense	$10M
Net Income from Continuing Ops	$66M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$66M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$66M
D&A	$41M
EBIT	$74M
EBITDA	$115M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$66M
Depreciation & Amortization	$41M
Stock-Based Compensation	$14M
Deferred Income Tax	-$2M
Other Non-Cash Items	$15M
Change in Working Capital	-$8M
OPERATING CASH FLOW	$126M
Capital Expenditure	-$17M
Acquisitions (Net)	-$12M
Purchases of Investments	-$13M
Sales/Maturities of Investments	$22M
Other Investing Activities	$9M
NET CASH FROM INVESTING	-$21M
Net Debt Issuance	-$38M
Common Stock Repurchased	-$38M
Common Dividends Paid	$0
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$75M
FREE CASH FLOW	$109M
Net Change in Cash	$29M

Balance Sheet

Item	Amount
Cash & Equivalents	$47M
Short-Term Investments	$0
Net Receivables	$355M
Inventory	$0
Other Current Assets	$8M
TOTAL CURRENT ASSETS	$430M
PP&E (Net)	$58M
Goodwill	$237M
Intangible Assets	$91M
Long-Term Investments	-$4M
Tax Assets	$4M
Other Non-Current Assets	$299M
TOTAL NON-CURRENT ASSETS	$685M
TOTAL ASSETS	$1.1B
Account Payables	$62M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$79M
TOTAL CURRENT LIABILITIES	$226M
Long-Term Debt	$80M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$218M
TOTAL NON-CURRENT LIABILITIES	$298M
TOTAL LIABILITIES	$523M
Common Stock	$1.0K
Additional Paid-In Capital	$0
Retained Earnings	$606M
Treasury Stock	$0
Accum. Other Comp. Income	-$15M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$591M
Minority Interest	$0
TOTAL EQUITY	$591M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$80M
Net Debt	$33M