G&K Services Inc (GK) Financial Statements (2024 and earlier)

Company Profile

Business Address 5995 OPUS PARKWAY
MINNETONKA, MN 55343
State of Incorp. MN
Fiscal Year End June 30
Industry (SIC) 72 - Personal Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

12/31/2016
Q2
9/30/2016
Q1
6/30/2016
Q4
3/31/2016
Q3
12/31/2015
Q2
9/30/2015
Q1
6/30/2015
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments27,13224,27922,01126,44918,50116,235
Cash and cash equivalents27,13224,27922,01126,44918,50116,235
Receivables103,030102,65799,763102,228103,101100,402
Inventory, net of allowances, customer advances and progress billings34,55434,07741,01239,18140,20536,258
Inventory34,55434,07741,01239,18140,20536,258
Other current assets17,33320,53915,85918,43125,49130,383
Other undisclosed current assets130,529131,801130,611133,843134,653133,942
Total current assets:312,578313,353309,256320,132321,951317,220
Noncurrent Assets
Property, plant and equipment228,015228,642229,072224,694224,717222,056
Intangible assets, net (including goodwill)323,607324,520323,018320,992327,199329,727
Goodwill323,607324,520323,018320,992322,694325,183
Intangible assets, net (excluding goodwill)     4,5054,544
Deferred costs     33,20134,414
Other noncurrent assets55,34355,02257,10858,02858,18464,406
Other undisclosed noncurrent assets     (37,706)(38,958)
Total noncurrent assets:606,965608,184609,198603,714605,595611,645
TOTAL ASSETS:919,543921,537918,454923,846927,546928,865
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities115,934117,528114,785118,120114,969123,355
Employee-related liabilities  47,085   46,442
Accounts payable50,68144,79247,58048,25552,10051,616
Accrued liabilities65,25325,65167,20569,86562,86925,297
Debt22,000   5169
Deferred tax liabilities   31,64832,43633,36231,097
Total current liabilities:137,934117,528146,433150,556148,336154,621
Noncurrent Liabilities
Long-term debt and lease obligation, including:198,548231,148240,448254,777257,054243,600
Other undisclosed long-term debt and lease obligation198,548231,148240,448254,777257,054243,600
Liabilities, other than long-term debt185,084114,426137,517129,196236,545207,698
Accounts payable and accrued liabilities     25,81726,236
Deferred compensation liability, classified     33,297 
Deferred tax liabilities, net74,134 36,91129,63427,56928,851
Liability for uncertainty in income taxes     8,1898,294
Liability, pension and other postretirement and postemployment benefits     36,67336,874
Other liabilities110,950114,426100,60699,562105,000107,443
Other undisclosed noncurrent liabilities  68,895  (103,976)(71,404)
Total noncurrent liabilities:383,632414,469377,965383,973389,623379,894
Total liabilities:521,566531,997524,398534,529537,959534,515
Equity
Equity, attributable to parent397,977389,540394,056389,317389,587394,350
Common stock9,8619,8289,8869,95310,0159,976
Additional paid in capital85,68784,80483,83881,30279,47678,342
Accumulated other comprehensive loss(24,310)(28,867)(19,941)(21,965)(17,877)(8,944)
Retained earnings326,739323,775320,273320,027317,973314,976
Total equity:397,977389,540394,056389,317389,587394,350
TOTAL LIABILITIES AND EQUITY:919,543921,537918,454923,846927,546928,865

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2016
Q2
9/30/2016
Q1
6/30/2016
Q4
3/31/2016
Q3
12/31/2015
Q2
9/30/2015
Q1
6/30/2015
Q4
Revenues
(Revenue, Net)		241,020258,503239,307243,060237,171236,577
Cost of revenue(157,363)(169,363)(157,586)(160,030)(156,088)(158,117)
Gross profit:83,65789,14081,72183,03081,08378,460
Operating expenses(59,046)(56,223)(51,361)(51,546)(53,635)(58,577)
Other undisclosed operating income (loss) (6,010)   4304,256
Operating income:18,60132,91730,36031,48427,87824,139
Interest and debt expense(1,961)(1,803)(1,749)(1,656)(1,627)(1,675)
Income from continuing operations before income taxes:16,64031,11428,61129,82826,25122,464
Income tax expense(6,590)(11,286)(10,757)(11,335)(9,988)(8,344)
Income from continuing operations:10,05019,82817,85418,49316,26314,120
Income before gain (loss) on sale of properties:10,05019,82817,85418,49316,26314,120
Net income available to common stockholders, diluted:10,05019,82817,85418,49316,26314,120

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2016
Q2
9/30/2016
Q1
6/30/2016
Q4
3/31/2016
Q3
12/31/2015
Q2
9/30/2015
Q1
6/30/2015
Q4
Net income:10,05019,82817,85418,49316,26314,120
Other comprehensive income (loss)4,55721,7802,024(4,088)(8,933)1,899
Comprehensive income:14,60741,60819,87814,4057,33016,019
Other undisclosed comprehensive loss, net of tax, attributable to parent  (30,706)    
Comprehensive income, net of tax, attributable to parent:14,60710,90219,87814,4057,33016,019

Statements Sources

The financial statements are based on the Company's filings with 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.

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