UNF FY 2017 Earnings Report — UniFirst Corporation Revenue & Financial Results | Market Cap Arena

UniFirst CorporationUNF

FY 2017 Earnings

Reported October 25, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$1.6B	—	$1.5B	—	8.4%
Op. Income	$110M	—	$201M	—	-45.2%
Gross Margin	37.5%	—	38.7%	—	-1.1pp
Net Margin	4.4%	—	8.5%	—	-4.1pp
EPS (Diluted)	$3.44	—	$6.17	—	-44.2%
Free Cash Flow	$110M	—	$109M	—	0.3%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$994M
GROSS PROFIT	$597M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$339M
SG&A Expenses	$342M
Other Expenses	$571.0K
Operating Expenses	$431M
Cost & Expenses	$1.4B
OPERATING INCOME	$110M
Interest Income	$4M
Interest Expense	$0
Other Income/Expenses	$5M
INCOME BEFORE TAX	$115M
Income Tax Expense	$45M
Net Income from Continuing Ops	$70M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$70M
Net Income Deductions	-$19.0K
BOTTOM LINE NET INCOME	$70M
D&A	$90M
EBIT	$115M
EBITDA	$205M
EPS	$4
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$994M
GROSS PROFIT	$597M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$339M
SG&A Expenses	$342M
Other Expenses	$571.0K
Operating Expenses	$431M
Cost & Expenses	$1.4B
OPERATING INCOME	$110M
Interest Income	$4M
Interest Expense	$0
Other Income/Expenses	$5M
INCOME BEFORE TAX	$115M
Income Tax Expense	$45M
Net Income from Continuing Ops	$70M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$70M
Net Income Deductions	-$19.0K
BOTTOM LINE NET INCOME	$70M
D&A	$90M
EBIT	$115M
EBITDA	$205M
EPS	$4
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$70M
Depreciation & Amortization	$89M
Stock-Based Compensation	$12M
Deferred Income Tax	$955.0K
Other Non-Cash Items	$57M
Change in Working Capital	-$11M
OPERATING CASH FLOW	$218M
Capital Expenditure	-$109M
Acquisitions (Net)	-$125M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$974.0K
NET CASH FROM INVESTING	-$233M
Net Debt Issuance	$0
Common Stock Repurchased	-$2M
Common Dividends Paid	-$3M
Other Financing Activities	$716.0K
NET CASH FROM FINANCING	-$2M
FREE CASH FLOW	$110M
Net Change in Cash	-$14M

Balance Sheet

Item	Amount
Cash & Equivalents	$350M
Short-Term Investments	$0
Net Receivables	$187M
Inventory	$230M
Other Current Assets	$17M
TOTAL CURRENT ASSETS	$814M
PP&E (Net)	$525M
Goodwill	$376M
Intangible Assets	$72M
Long-Term Investments	$0
Tax Assets	$394.0K
Other Non-Current Assets	$32M
TOTAL NON-CURRENT ASSETS	$1.0B
TOTAL ASSETS	$1.8B
Account Payables	$65M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$559.0K
TOTAL CURRENT LIABILITIES	$178M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$81M
Other Non-Current Liabilities	$107M
TOTAL NON-CURRENT LIABILITIES	$188M
TOTAL LIABILITIES	$366M
Common Stock	$2M
Additional Paid-In Capital	$86M
Retained Earnings	$1.4B
Treasury Stock	$0
Accum. Other Comp. Income	-$22M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$0
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$0
Net Debt	-$350M