UNF FY 2012 Earnings Report — UniFirst Corporation Revenue & Financial Results | Market Cap Arena

UniFirst CorporationUNF

FY 2012 Earnings

Reported October 24, 2012

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	$1.3B	—	$1.1B	—	10.8%
Op. Income	$151M	—	$124M	—	21.9%
Gross Margin	36.5%	—	37.2%	—	-0.7pp
Net Margin	7.6%	—	6.7%	—	0.8pp
EPS (Diluted)	$4.76	—	$3.85	—	23.6%
Free Cash Flow	$87M	—	$22M	—	290.1%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$798M
GROSS PROFIT	$458M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$241M
Other Expenses	$66M
Operating Expenses	$307M
Cost & Expenses	$1.1B
OPERATING INCOME	$151M
Interest Income	$3M
Interest Expense	$2M
Other Income/Expenses	-$374.0K
INCOME BEFORE TAX	$151M
Income Tax Expense	$56M
Net Income from Continuing Ops	$95M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$95M
Net Income Deductions	-$2M
BOTTOM LINE NET INCOME	$93M
D&A	$66M
EBIT	$153M
EBITDA	$219M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$798M
GROSS PROFIT	$458M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$241M
Other Expenses	$66M
Operating Expenses	$307M
Cost & Expenses	$1.1B
OPERATING INCOME	$151M
Interest Income	$3M
Interest Expense	$2M
Other Income/Expenses	-$374.0K
INCOME BEFORE TAX	$151M
Income Tax Expense	$56M
Net Income from Continuing Ops	$95M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$95M
Net Income Deductions	-$2M
BOTTOM LINE NET INCOME	$93M
D&A	$66M
EBIT	$153M
EBITDA	$219M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$95M
Depreciation & Amortization	$66M
Stock-Based Compensation	$7M
Deferred Income Tax	-$330.0K
Other Non-Cash Items	$2M
Change in Working Capital	-$8M
OPERATING CASH FLOW	$162M
Capital Expenditure	-$75M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$508.0K
NET CASH FROM INVESTING	-$75M
Net Debt Issuance	-$15M
Common Stock Repurchased	$0
Common Dividends Paid	-$3M
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$16M
FREE CASH FLOW	$87M
Net Change in Cash	$71M

Balance Sheet

Item	Amount
Cash & Equivalents	$120M
Short-Term Investments	$0
Net Receivables	$135M
Inventory	$214M
Other Current Assets	$13M
TOTAL CURRENT ASSETS	$488M
PP&E (Net)	$412M
Goodwill	$288M
Intangible Assets	$51M
Long-Term Investments	-$13M
Tax Assets	$13M
Other Non-Current Assets	$2M
TOTAL NON-CURRENT ASSETS	$753M
TOTAL ASSETS	$1.2B
Account Payables	$52M
Short-Term Debt	$7M
Deferred Revenue	$0
Other Current Liabilities	$8M
TOTAL CURRENT LIABILITIES	$146M
Long-Term Debt	$100M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$55M
Other Non-Current Liabilities	$43M
TOTAL NON-CURRENT LIABILITIES	$198M
TOTAL LIABILITIES	$344M
Common Stock	$2M
Additional Paid-In Capital	$43M
Retained Earnings	$845M
Treasury Stock	$0
Accum. Other Comp. Income	$7M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$897M
Minority Interest	$0
TOTAL EQUITY	$897M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$105M
Net Debt	-$15M