G&K Services Inc (GK) financial statements (2021 and earlier)
Company profile
| Business Address |
5995 OPUS PARKWAY MINNETONKA, MN 55343 |
| State of Incorp. | MN |
| Fiscal Year End | June 30 |
| SIC | 72 - Personal Services (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 6/30/2016 | 6/30/2015 | 6/30/2014 | 6/30/2013 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 24 | 16 | 37 | 39 | ||
| Cash and cash equivalents | 24 | 16 | 37 | 39 | ||
| Receivables | 103 | 100 | 100 | 91 | ||
| Inventory, net of allowances, customer advances and progress billings | 34 | 36 | ✕ | ✕ | ||
| Inventory | 34 | 36 | ||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | 14 | ||
| Other current assets | 21 | 30 | 27 | ✕ | ||
| Other undisclosed current assets | 132 | 134 | 163 | 165 | ||
| Total current assets: | 313 | 317 | 327 | 308 | ||
| Noncurrent Assets | ||||||
| Property, plant and equipment | 229 | 222 | 201 | 194 | ||
| Intangible assets, net (including goodwill) | 325 | 330 | 340 | 343 | ||
| Goodwill | 325 | 325 | 333 | 334 | ||
| Intangible assets, net (excluding goodwill) | 5 | 6 | 9 | |||
| Deferred costs | 34 | |||||
| Other noncurrent assets | 55 | 64 | 55 | ✕ | ||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | 51 | ||
| Other undisclosed noncurrent assets | (39) | |||||
| Total noncurrent assets: | 608 | 612 | 596 | 589 | ||
| TOTAL ASSETS: | 922 | 929 | 924 | 897 | ||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 118 | 123 | 91 | 89 | ||
| Accounts payable | 45 | 52 | 45 | 42 | ||
| Accrued liabilities | 26 | 25 | ||||
| Employee-related liabilities | 47 | 46 | 46 | 47 | ||
| Debt | 0 | 1 | 0 | |||
| Deferred tax liabilities | 31 | 26 | 7 | |||
| Other undisclosed current liabilities | 26 | 35 | ||||
| Total current liabilities: | 118 | 155 | 144 | 130 | ||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation, including: | 231 | 244 | 266 | 175 | ||
| Other undisclosed long-term debt and lease obligation | 231 | 244 | 266 | 175 | ||
| Liabilities, other than long-term debt | 114 | 208 | 183 | 130 | ||
| Pension and other postretirement defined benefit plans, liabilities | ✕ | ✕ | 32 | 27 | ||
| Accounts payable and accrued liabilities | 26 | |||||
| Deferred tax liabilities, net | 29 | 17 | 20 | |||
| Liability for uncertainty in income taxes | 8 | 12 | 10 | |||
| Liability, pension and other postretirement and postemployment benefits | 37 | ✕ | ✕ | |||
| Other liabilities | 114 | 107 | 122 | 73 | ||
| Other undisclosed noncurrent liabilities | 69 | (71) | (44) | (5) | ||
| Total noncurrent liabilities: | 414 | 380 | 405 | 300 | ||
| Total liabilities: | 532 | 535 | 549 | 430 | ||
| Stockholders' equity | ||||||
| Stockholders' equity attributable to parent | 390 | 394 | 374 | 467 | ||
| Common stock | 10 | 10 | 10 | 10 | ||
| Additional paid in capital | 85 | 78 | 63 | 45 | ||
| Accumulated other comprehensive income (loss) | (29) | (9) | 4 | 9 | ||
| Retained earnings | 324 | 315 | 297 | 403 | ||
| Total stockholders' equity: | 390 | 394 | 374 | 467 | ||
| TOTAL LIABILITIES AND EQUITY: | 922 | 929 | 924 | 897 | ||
Income statement (P&L) ($ in millions)
| 6/30/2016 | 6/30/2015 | 6/30/2014 | 6/30/2013 | ||
|---|---|---|---|---|---|
| Revenues (Revenue, Net) | 978 | 938 | 901 | 908 | |
| Cost of revenue | (643) | (621) | (595) | (622) | |
| Cost of goods and services sold | (622) | ||||
| Gross profit: | 335 | 317 | 306 | 286 | |
| Operating expenses | (212) | (215) | (216) | (212) | |
| Other undisclosed operating income (loss) | (0) | 6 | 4 | ||
| Operating income: | 123 | 101 | 96 | 78 | |
| Interest and debt expense | (7) | (7) | (6) | (5) | |
| Income from continuing operations before income taxes: | 116 | 94 | 90 | 73 | |
| Income tax expense | (43) | (34) | (34) | (26) | |
| Income from continuing operations: | 72 | 60 | 56 | 47 | |
| Loss from discontinued operations | (8) | ||||
| Net income: | 72 | 52 | 56 | 47 | |
| Other undisclosed net income (loss) attributable to parent | 8 | (8) | |||
| Net income available to common stockholders, diluted: | 72 | 60 | 48 | 47 | |
Comprehensive Income ($ in millions)
| 6/30/2016 | 6/30/2015 | 6/30/2014 | 6/30/2013 | ||
|---|---|---|---|---|---|
| Net income: | 72 | 52 | 56 | 47 | |
| Other comprehensive income (loss) | 11 | (13) | (5) | ||
| Comprehensive income: | 83 | 39 | 51 | 47 | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (31) | 8 | (8) | 7 | |
| Comprehensive income, net of tax, attributable to parent: | 53 | 47 | 42 | 54 | |
Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.