UNF FY 2015 Earnings Report — UniFirst Corporation Revenue & Financial Results | Market Cap Arena

UniFirst CorporationUNF

FY 2015 Earnings

Reported October 28, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$1.5B	—	$1.4B	—	4.4%
Op. Income	$200M	—	$193M	—	3.7%
Gross Margin	39.3%	—	38.5%	—	0.8pp
Net Margin	8.5%	—	8.6%	—	-0.1pp
EPS (Diluted)	$6.15	—	$5.95	—	3.4%
Free Cash Flow	$126M	—	$103M	—	22.3%

Revenue Flow

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$885M
GROSS PROFIT	$572M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$293M
SG&A Expenses	$294M
Other Expenses	$77M
Operating Expenses	$372M
Cost & Expenses	$1.3B
OPERATING INCOME	$200M
Interest Income	$3M
Interest Expense	$873.0K
Other Income/Expenses	$884.0K
INCOME BEFORE TAX	$201M
Income Tax Expense	$77M
Net Income from Continuing Ops	$124M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$124M
Net Income Deductions	-$46.0K
BOTTOM LINE NET INCOME	$123M
D&A	$77M
EBIT	$202M
EBITDA	$280M
EPS	$7
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$885M
GROSS PROFIT	$572M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$293M
SG&A Expenses	$294M
Other Expenses	$77M
Operating Expenses	$372M
Cost & Expenses	$1.3B
OPERATING INCOME	$200M
Interest Income	$3M
Interest Expense	$873.0K
Other Income/Expenses	$884.0K
INCOME BEFORE TAX	$201M
Income Tax Expense	$77M
Net Income from Continuing Ops	$124M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$124M
Net Income Deductions	-$46.0K
BOTTOM LINE NET INCOME	$123M
D&A	$77M
EBIT	$202M
EBITDA	$280M
EPS	$7
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$124M
Depreciation & Amortization	$77M
Stock-Based Compensation	$5M
Deferred Income Tax	-$3M
Other Non-Cash Items	$2M
Change in Working Capital	$22M
OPERATING CASH FLOW	$227M
Capital Expenditure	-$101M
Acquisitions (Net)	-$22M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$747.0K
NET CASH FROM INVESTING	-$124M
Net Debt Issuance	-$6M
Common Stock Repurchased	-$5M
Common Dividends Paid	-$3M
Other Financing Activities	$3M
NET CASH FROM FINANCING	-$6M
FREE CASH FLOW	$126M
Net Change in Cash	$85M

Balance Sheet

Item	Amount
Cash & Equivalents	$277M
Short-Term Investments	$0
Net Receivables	$152M
Inventory	$221M
Other Current Assets	$204.0K
TOTAL CURRENT ASSETS	$662M
PP&E (Net)	$514M
Goodwill	$313M
Intangible Assets	$40M
Long-Term Investments	$0
Tax Assets	$1M
Other Non-Current Assets	$3M
TOTAL NON-CURRENT ASSETS	$871M
TOTAL ASSETS	$1.5B
Account Payables	$51M
Short-Term Debt	$1M
Deferred Revenue	$0
Other Current Liabilities	$19M
TOTAL CURRENT LIABILITIES	$184M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$52M
Other Non-Current Liabilities	$55M
TOTAL NON-CURRENT LIABILITIES	$107M
TOTAL LIABILITIES	$291M
Common Stock	$2M
Additional Paid-In Capital	$68M
Retained Earnings	$1.2B
Treasury Stock	$0
Accum. Other Comp. Income	-$24M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$1.5B
Total Debt	$1M
Net Debt	-$275M