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)

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 investments30272422261916
Cash and cash equivalents30272422261916
Receivables109103103100102103100
Inventory, net of allowances, customer advances and progress billings37353441394036
Inventory37353441394036
Other current assets16172116182530
Other undisclosed current assets131131132131134135134
Total current assets:322313313309320322317
Noncurrent Assets
Property, plant and equipment224228229229225225222
Intangible assets, net (including goodwill)322324325323321327330
Goodwill322324325323321323325
Intangible assets, net (excluding goodwill)     55
Deferred costs     3334
Other noncurrent assets57555557585864
Other undisclosed noncurrent assets     (38)(39)
Total noncurrent assets:603607608609604606612
TOTAL ASSETS:924920922918924928929
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities119116118115118115123
Accounts payable53514548485252
Accrued liabilities66652667706325
Employee-related liabilities  47   46
Debt2222   00
Deferred tax liabilities   32323331
Total current liabilities:141138118146151148155
Noncurrent Liabilities
Long-term debt and lease obligation, including:195199231240255257244
Other undisclosed long-term debt and lease obligation195199231240255257244
Liabilities, other than long-term debt184185114138129237208
Accounts payable and accrued liabilities     2626
Deferred compensation liability, classified     33 
Deferred tax liabilities, net7974 37302829
Liability for uncertainty in income taxes     88
Liability, pension and other postretirement and postemployment benefits     3737
Other liabilities104111114101100105107
Other undisclosed noncurrent liabilities  69  (104)(71)
Total noncurrent liabilities:378384414378384390380
Total liabilities:519522532524535538535
Stockholders' equity
Stockholders' equity attributable to parent405398390394389390394
Common stock10101010101010
Additional paid in capital88868584817978
Accumulated other comprehensive loss(20)(24)(29)(20)(22)(18)(9)
Retained earnings328327324320320318315
Total stockholders' equity:405398390394389390394
TOTAL LIABILITIES AND EQUITY:924920922918924928929

Income statement (P&L) ($ in millions)

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)
244241259239243237237
Cost of revenue(159)(157)(169)(158)(160)(156)(158)
Gross profit:85848982838178
Operating expenses(64)(59)(56)(51)(52)(54)(59)
Other undisclosed operating income (loss) (6)   04
Operating income:21193330312824
Interest and debt expense(2)(2)(2)(2)(2)(2)(2)
Income from continuing operations before income taxes:19173129302622
Income tax expense(9)(7)(11)(11)(11)(10)(8)
Net income available to common stockholders, diluted:9102018181614

Comprehensive Income ($ in millions)

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:9102018181614
Other comprehensive income (loss)45222(4)(9)2
Comprehensive income:1315422014716
Other undisclosed comprehensive loss, net of tax, attributable to parent  (31)    
Comprehensive income, net of tax, attributable to parent:1315112014716

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.

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