UNF FY 2020 Earnings Report — UniFirst Corporation Revenue & Financial Results | Market Cap Arena

UniFirst CorporationUNF

FY 2020 Earnings

Reported October 28, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$1.8B	—	$1.8B	—	-0.3%
Op. Income	$173M	—	$232M	—	-25.6%
Gross Margin	35.4%	—	37.0%	—	-1.6pp
Net Margin	7.5%	—	9.9%	—	-2.4pp
EPS (Diluted)	$7.13	—	$9.33	—	-23.6%
Free Cash Flow	$170M	—	$162M	—	4.7%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.2B
GROSS PROFIT	$639M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$358M
SG&A Expenses	$362M
Other Expenses	$105M
Operating Expenses	$466M
Cost & Expenses	$1.6B
OPERATING INCOME	$173M
Interest Income	$6M
Interest Expense	$0
Other Income/Expenses	$5M
INCOME BEFORE TAX	$178M
Income Tax Expense	$42M
Net Income from Continuing Ops	$136M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$136M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$136M
D&A	$106M
EBIT	$173M
EBITDA	$278M
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.2B
GROSS PROFIT	$639M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$358M
SG&A Expenses	$362M
Other Expenses	$105M
Operating Expenses	$466M
Cost & Expenses	$1.6B
OPERATING INCOME	$173M
Interest Income	$6M
Interest Expense	$0
Other Income/Expenses	$5M
INCOME BEFORE TAX	$178M
Income Tax Expense	$42M
Net Income from Continuing Ops	$136M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$136M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$136M
D&A	$106M
EBIT	$173M
EBITDA	$278M
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$136M
Depreciation & Amortization	$105M
Stock-Based Compensation	$6M
Deferred Income Tax	-$12M
Other Non-Cash Items	$4M
Change in Working Capital	$48M
OPERATING CASH FLOW	$287M
Capital Expenditure	-$117M
Acquisitions (Net)	-$41M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$322.0K
NET CASH FROM INVESTING	-$158M
Net Debt Issuance	$0
Common Stock Repurchased	-$22M
Common Dividends Paid	-$16M
Other Financing Activities	-$4M
NET CASH FROM FINANCING	-$41M
FREE CASH FLOW	$170M
Net Change in Cash	$89M

Balance Sheet

Item	Amount
Cash & Equivalents	-$42M
Short-Term Investments	$517M
Net Receivables	$191M
Inventory	$261M
Other Current Assets	$36M
TOTAL CURRENT ASSETS	$969M
PP&E (Net)	$625M
Goodwill	$425M
Intangible Assets	$86M
Long-Term Investments	$0
Tax Assets	$522.0K
Other Non-Current Assets	$94M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$2.2B
Account Payables	$64M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$210M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$86M
Other Non-Current Liabilities	$133M
TOTAL NON-CURRENT LIABILITIES	$248M
TOTAL LIABILITIES	$458M
Common Stock	$2M
Additional Paid-In Capital	$87M
Retained Earnings	$1.7B
Treasury Stock	$0
Accum. Other Comp. Income	-$32M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.7B
Minority Interest	$0
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$2.2B
Total Debt	$42M
Net Debt	$84M