UNF FY 2014 Earnings Report — UniFirst Corporation Revenue & Financial Results | Market Cap Arena

UniFirst CorporationUNF

FY 2014 Earnings

Reported October 29, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$1.4B	—	$1.4B	—	2.9%
Op. Income	$193M	—	$186M	—	3.8%
Gross Margin	38.5%	—	38.3%	—	0.2pp
Net Margin	8.6%	—	8.6%	—	-0.0pp
EPS (Diluted)	$5.95	—	$5.81	—	2.4%
Free Cash Flow	$103M	—	$108M	—	-4.8%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$858M
GROSS PROFIT	$537M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$270M
SG&A Expenses	$272M
Other Expenses	$72M
Operating Expenses	$343M
Cost & Expenses	$1.2B
OPERATING INCOME	$193M
Interest Income	$3M
Interest Expense	$772.0K
Other Income/Expenses	$2M
INCOME BEFORE TAX	$195M
Income Tax Expense	$75M
Net Income from Continuing Ops	$120M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$120M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$119M
D&A	$72M
EBIT	$196M
EBITDA	$268M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$858M
GROSS PROFIT	$537M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$270M
SG&A Expenses	$272M
Other Expenses	$72M
Operating Expenses	$343M
Cost & Expenses	$1.2B
OPERATING INCOME	$193M
Interest Income	$3M
Interest Expense	$772.0K
Other Income/Expenses	$2M
INCOME BEFORE TAX	$195M
Income Tax Expense	$75M
Net Income from Continuing Ops	$120M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$120M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$119M
D&A	$72M
EBIT	$196M
EBITDA	$268M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$120M
Depreciation & Amortization	$72M
Stock-Based Compensation	$6M
Deferred Income Tax	$8M
Other Non-Cash Items	$2M
Change in Working Capital	-$13M
OPERATING CASH FLOW	$195M
Capital Expenditure	-$92M
Acquisitions (Net)	-$4M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$1M
NET CASH FROM INVESTING	-$94M
Net Debt Issuance	-$104M
Common Stock Repurchased	-$4M
Common Dividends Paid	-$3M
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$104M
FREE CASH FLOW	$103M
Net Change in Cash	-$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$192M
Short-Term Investments	$0
Net Receivables	$153M
Inventory	$225M
Other Current Assets	$13M
TOTAL CURRENT ASSETS	$589M
PP&E (Net)	$486M
Goodwill	$304M
Intangible Assets	$41M
Long-Term Investments	$0
Tax Assets	$1M
Other Non-Current Assets	$2M
TOTAL NON-CURRENT ASSETS	$835M
TOTAL ASSETS	$1.4B
Account Payables	$59M
Short-Term Debt	$8M
Deferred Revenue	$0
Other Current Liabilities	$23M
TOTAL CURRENT LIABILITIES	$191M
Long-Term Debt	$155.0K
Deferred Revenue NC	$0
Deferred Tax Liabilities	$48M
Other Non-Current Liabilities	$50M
TOTAL NON-CURRENT LIABILITIES	$99M
TOTAL LIABILITIES	$290M
Common Stock	$2M
Additional Paid-In Capital	$59M
Retained Earnings	$1.1B
Treasury Stock	$0
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$8M
Net Debt	-$184M