TBI FY 2021 Earnings Report — TrueBlue, Inc. Revenue & Financial Results | Market Cap Arena

TrueBlue, Inc.TBI

FY 2021 Earnings

Reported February 16, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$2.2B	—	$1.8B	—	17.7%
Op. Income	$68M	—	-$175M	—	139.1%
Gross Margin	25.8%	—	23.9%	—	1.9pp
Net Margin	2.8%	—	-7.7%	—	10.5pp
EPS (Diluted)	$1.74	—	$-4.01	—	143.4%
Free Cash Flow	-$15M	—	$125M	—	-111.6%

Revenue Flow

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.6B
GROSS PROFIT	$560M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$464M
Other Expenses	$28M
Operating Expenses	$492M
Cost & Expenses	$2.1B
OPERATING INCOME	$68M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$5M
INCOME BEFORE TAX	$74M
Income Tax Expense	$12M
Net Income from Continuing Ops	$62M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$62M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$62M
D&A	$28M
EBIT	$68M
EBITDA	$96M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.6B
GROSS PROFIT	$560M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$464M
Other Expenses	$28M
Operating Expenses	$492M
Cost & Expenses	$2.1B
OPERATING INCOME	$68M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$5M
INCOME BEFORE TAX	$74M
Income Tax Expense	$12M
Net Income from Continuing Ops	$62M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$62M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$62M
D&A	$28M
EBIT	$68M
EBITDA	$96M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$62M
Depreciation & Amortization	$28M
Stock-Based Compensation	$14M
Deferred Income Tax	$752.0K
Other Non-Cash Items	$19M
Change in Working Capital	-$102M
OPERATING CASH FLOW	$20M
Capital Expenditure	-$35M
Acquisitions (Net)	$35M
Purchases of Investments	-$9M
Sales/Maturities of Investments	$24M
Other Investing Activities	-$31M
NET CASH FROM INVESTING	-$16M
Net Debt Issuance	$0
Common Stock Repurchased	-$20M
Common Dividends Paid	$0
Other Financing Activities	$790.0K
NET CASH FROM FINANCING	-$19M
FREE CASH FLOW	-$15M
Net Change in Cash	-$15M

Balance Sheet

Item	Amount
Cash & Equivalents	$50M
Short-Term Investments	$0
Net Receivables	$364M
Inventory	$0
Other Current Assets	$13M
TOTAL CURRENT ASSETS	$445M
PP&E (Net)	$234M
Goodwill	$95M
Intangible Assets	-$69M
Long-Term Investments	$32M
Tax Assets	$29M
Other Non-Current Assets	$266M
TOTAL NON-CURRENT ASSETS	$588M
TOTAL ASSETS	$1.0B
Account Payables	$77M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$69M
TOTAL CURRENT LIABILITIES	$259M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$227M
TOTAL NON-CURRENT LIABILITIES	$282M
TOTAL LIABILITIES	$540M
Common Stock	$1.0K
Additional Paid-In Capital	$0
Retained Earnings	$509M
Treasury Stock	$0
Accum. Other Comp. Income	-$16M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$493M
Minority Interest	$0
TOTAL EQUITY	$493M
TOTAL LIABILITIES & EQUITY	$1.0B
Total Debt	$67M
Net Debt	$17M