UNF FY 2021 Earnings Report — UniFirst Corporation Revenue & Financial Results | Market Cap Arena

UniFirst CorporationUNF

FY 2021 Earnings

Reported October 27, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$1.8B	—	$1.8B	—	1.2%
Op. Income	$196M	—	$173M	—	13.4%
Gross Margin	37.5%	—	35.4%	—	2.1pp
Net Margin	8.3%	—	7.5%	—	0.7pp
EPS (Diluted)	$7.94	—	$7.13	—	11.4%
Free Cash Flow	$79M	—	$170M	—	-53.7%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.1B
GROSS PROFIT	$685M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$380M
SG&A Expenses	$383M
Other Expenses	$106M
Operating Expenses	$489M
Cost & Expenses	$1.6B
OPERATING INCOME	$196M
Interest Income	$3M
Interest Expense	$0
Other Income/Expenses	$1M
INCOME BEFORE TAX	$197M
Income Tax Expense	$46M
Net Income from Continuing Ops	$151M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$151M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$151M
D&A	$107M
EBIT	$197M
EBITDA	$303M
EPS	$8
EPS Diluted	$8

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.1B
GROSS PROFIT	$685M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$380M
SG&A Expenses	$383M
Other Expenses	$106M
Operating Expenses	$489M
Cost & Expenses	$1.6B
OPERATING INCOME	$196M
Interest Income	$3M
Interest Expense	$0
Other Income/Expenses	$1M
INCOME BEFORE TAX	$197M
Income Tax Expense	$46M
Net Income from Continuing Ops	$151M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$151M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$151M
D&A	$107M
EBIT	$197M
EBITDA	$303M
EPS	$8
EPS Diluted	$8

Cash Flow Statement

Item	Amount
Net Income	$151M
Depreciation & Amortization	$106M
Stock-Based Compensation	$7M
Deferred Income Tax	$300.0K
Other Non-Cash Items	$2M
Change in Working Capital	-$54M
OPERATING CASH FLOW	$212M
Capital Expenditure	-$134M
Acquisitions (Net)	-$8M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$617.0K
NET CASH FROM INVESTING	-$141M
Net Debt Issuance	$0
Common Stock Repurchased	-$11M
Common Dividends Paid	-$18M
Other Financing Activities	-$5M
NET CASH FROM FINANCING	-$34M
FREE CASH FLOW	$79M
Net Change in Cash	$38M

Balance Sheet

Item	Amount
Cash & Equivalents	-$43M
Short-Term Investments	$556M
Net Receivables	$208M
Inventory	$325M
Other Current Assets	$41M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$660M
Goodwill	$430M
Intangible Assets	$85M
Long-Term Investments	$0
Tax Assets	$580.0K
Other Non-Current Assets	$103M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$2.4B
Account Payables	$81M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$255M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$89M
Other Non-Current Liabilities	$134M
TOTAL NON-CURRENT LIABILITIES	$253M
TOTAL LIABILITIES	$508M
Common Stock	$2M
Additional Paid-In Capital	$89M
Retained Earnings	$1.8B
Treasury Stock	$0
Accum. Other Comp. Income	-$25M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.9B
Minority Interest	$0
TOTAL EQUITY	$1.9B
TOTAL LIABILITIES & EQUITY	$2.4B
Total Debt	$43M
Net Debt	$86M