G&K Services Inc (GK) financial statements (2022 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 thousands)

6/30/2016
6/30/2015
6/30/2014
6/30/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments24,27916,23537,11838,590
Cash and cash equivalents24,27916,23537,11838,590
Receivables102,657100,402100,19390,989
Inventory, net of allowances, customer advances and progress billings34,07736,258
Inventory34,07736,258  
Prepaid expense and other current assets13,810
Other current assets20,53930,38327,250
Other undisclosed current assets131,801133,942162,534165,006
Total current assets:313,353317,220327,095308,395
Noncurrent Assets
Property, plant and equipment228,642222,056201,382194,156
Intangible assets, net (including goodwill)324,520329,727339,662343,240
Goodwill324,520325,183333,214334,393
Intangible assets, net (excluding goodwill) 4,5446,4488,847
Deferred costs 34,414  
Other noncurrent assets55,02264,40655,380
Prepaid expense and other noncurrent assets51,495
Other undisclosed noncurrent assets (38,958)  
Total noncurrent assets:608,184611,645596,424588,891
TOTAL ASSETS:921,537928,865923,519897,286
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities117,528123,35590,92988,879
Accounts payable44,79251,61644,60041,655
Accrued liabilities25,65125,297  
Employee-related liabilities47,08546,44246,32947,224
Debt 16979218
Deferred tax liabilities 31,09726,3066,729
Other undisclosed current liabilities  26,31134,678
Total current liabilities:117,528154,621144,338130,304
Noncurrent Liabilities
Long-term debt and lease obligation, including:231,148243,600266,230175,000
Other undisclosed long-term debt and lease obligation231,148243,600266,230175,000
Liabilities, other than long-term debt114,426207,698183,186129,900
Pension and other postretirement defined benefit plans, liabilities32,23626,985
Accounts payable and accrued liabilities 26,236  
Deferred tax liabilities, net 28,85117,21419,894
Liability for uncertainty in income taxes 8,29412,0439,726
Liability, pension and other postretirement and postemployment benefits 36,874
Other liabilities114,426107,443121,69373,295
Other undisclosed noncurrent liabilities68,895(71,404)(44,279)(4,926)
Total noncurrent liabilities:414,469379,894405,137299,974
Total liabilities:531,997534,515549,475430,278
Stockholders' equity
Stockholders' equity attributable to parent389,540394,350374,044467,008
Common stock9,8289,9769,9569,842
Additional paid in capital84,80478,34262,86444,872
Accumulated other comprehensive income (loss)(28,867)(8,944)3,9879,389
Retained earnings323,775314,976297,237402,905
Total stockholders' equity:389,540394,350374,044467,008
TOTAL LIABILITIES AND EQUITY:921,537928,865923,519897,286

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

6/30/2016
6/30/2015
6/30/2014
6/30/2013
Revenues
(Revenue, Net)
978,041937,642900,869907,728
Cost of revenue(643,067)(621,135)(594,954)(621,888)
Cost of goods and services sold   (621,888)
Gross profit:334,974316,507305,915285,840
Operating expenses(212,334)(215,138)(215,811)(212,199)
Other undisclosed operating income (loss) (155)6,0114,393
Operating income:122,640101,21496,11578,034
Interest and debt expense(6,835)(7,138)(6,320)(4,864)
Income from continuing operations before income taxes:115,80594,07689,79573,170
Income tax expense(43,366)(34,206)(33,730)(26,450)
Income from continuing operations:72,43959,87056,06546,720
Loss from discontinued operations (8,252)  
Net income:72,43951,61856,06546,720
Other undisclosed net income (loss) attributable to parent 8,252(8,393) 
Net income available to common stockholders, diluted:72,43959,87047,67246,720

Comprehensive Income ($ in thousands)

6/30/2016
6/30/2015
6/30/2014
6/30/2013
Net income:72,43951,61856,06546,720
Other comprehensive income (loss)10,783(12,931)(5,402) 
Comprehensive income:83,22238,68750,66346,720
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(30,706)8,252(8,393)7,494
Comprehensive income, net of tax, attributable to parent:52,51646,93942,27054,214

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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