Unifirst Corporation (UNF) financial statements (2021 and earlier)
Company profile
| Business Address |
68 JONSPIN RD WILMINGTON, MA 01887 |
| State of Incorp. | MA |
| Fiscal Year End | August 31 |
| SIC | 72 - Personal Services (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 11/30/2019 TTM | 8/31/2019 | 8/31/2018 | 8/31/2017 | 8/31/2016 | 8/31/2015 | 8/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments, including: | 357 | 385 | 271 | 350 | 364 | 277 | 192 | ||
| Cash and cash equivalents | 5 | 68 | 100 | 364 | 277 | 192 | |||
| Other undisclosed cash, cash equivalents, and short-term investments | 357 | 380 | 203 | 250 | |||||
| Receivables | 218 | 203 | 201 | 187 | 157 | 152 | 153 | ||
| Inventory, net of allowances, customer advances and progress billings | 100 | 101 | 90 | 79 | 79 | 80 | 79 | ||
| Inventory | 100 | 101 | 90 | 79 | 79 | 80 | 79 | ||
| Prepaid expense | 36 | 36 | 22 | 17 | 30 | 12 | 6 | ||
| Capitalized contract cost | 12 | 12 | ✕ | ✕ | ✕ | ✕ | |||
| Other undisclosed current assets | 180 | 176 | 201 | 181 | 149 | 141 | 160 | ||
| Total current assets: | 902 | 914 | 785 | 814 | 778 | 662 | 589 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 48 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 574 | 575 | 560 | 525 | 540 | 514 | 486 | ||
| Intangible assets, net (including goodwill) | 447 | 417 | 401 | 380 | 323 | 355 | 346 | ||
| Goodwill | 425 | 401 | 397 | 376 | 321 | 313 | 304 | ||
| Intangible assets, net (excluding goodwill) | 23 | 16 | 4 | 4 | 3 | 42 | 43 | ||
| Contract with customer, asset, net | 65 | 57 | ✕ | ✕ | ✕ | ✕ | |||
| Deferred income tax assets | 0 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Other noncurrent assets | 86 | 85 | 30 | 32 | 25 | 3 | 2 | ||
| Deferred tax assets, net | ✕ | ✕ | 0 | 1 | 1 | ||||
| Other undisclosed noncurrent assets | 0 | 68 | 68 | 36 | (2) | (1) | |||
| Total noncurrent assets: | 1,221 | 1,134 | 1,059 | 1,005 | 924 | 871 | 835 | ||
| TOTAL ASSETS: | 2,124 | 2,047 | 1,843 | 1,819 | 1,702 | 1,533 | 1,424 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 186 | 190 | 198 | 178 | 152 | 213 | 209 | ||
| Accounts payable | 71 | 78 | 74 | 65 | 51 | 51 | 59 | ||
| Accrued liabilities | 114 | 112 | 124 | 112 | 101 | 113 | 101 | ||
| Employee-related liabilities | 49 | 49 | |||||||
| Taxes payable | 0 | 1 | 1 | ||||||
| Debt | 12 | 1 | 8 | ||||||
| Accrued environmental loss contingencies | 7 | 5 | |||||||
| Other undisclosed current liabilities | 1 | (37) | (31) | ||||||
| Total current liabilities: | 198 | 190 | 198 | 178 | 153 | 184 | 191 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 34 | 0 | |||||||
| Long-term debt, excluding current maturities | 0 | ||||||||
| Operating lease, liability | 34 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Liabilities, other than long-term debt | 117 | 117 | 106 | 107 | 105 | 83 | 77 | ||
| Accounts payable and accrued liabilities | 117 | 117 | 106 | 107 | 105 | 55 | 50 | ||
| Asset retirement obligations | 12 | 12 | |||||||
| Accrued environmental loss contingencies | 16 | 15 | |||||||
| Other undisclosed noncurrent liabilities | 99 | 99 | 74 | 81 | 80 | 24 | 22 | ||
| Total noncurrent liabilities: | 250 | 216 | 180 | 188 | 185 | 107 | 99 | ||
| Total liabilities: | 448 | 406 | 378 | 366 | 337 | 291 | 290 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 1,676 | 1,641 | 1,465 | 1,453 | 1,365 | 1,242 | 1,134 | ||
| Additional paid in capital | 85 | 85 | 83 | 86 | 73 | 68 | 59 | ||
| Accumulated other comprehensive loss | (33) | (34) | (25) | (22) | (29) | (24) | (3) | ||
| Retained earnings | 1,622 | 1,588 | 1,405 | 1,386 | 1,319 | 1,197 | 1,076 | ||
| Other undisclosed stockholders' equity attributable to parent | 2 | 2 | 2 | 2 | 2 | 2 | 2 | ||
| Total stockholders' equity: | 1,676 | 1,641 | 1,465 | 1,453 | 1,365 | 1,242 | 1,134 | ||
| TOTAL LIABILITIES AND EQUITY: | 2,124 | 2,047 | 1,843 | 1,819 | 1,702 | 1,533 | 1,424 | ||
Income statement (P&L) ($ in millions)
| 11/30/2019 TTM | 8/31/2019 | 8/31/2018 | 8/31/2017 | 8/31/2016 | 8/31/2015 | 8/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,836 | 1,809 | 1,696 | 1,591 | 1,468 | 1,457 | 1,395 | |
| Cost of revenue | (1,151) | (1,139) | (1,057) | (994) | (900) | (885) | (858) | |
| Gross profit: | 685 | 670 | 640 | 597 | 568 | 572 | 537 | |
| Operating expenses | (339) | (335) | (361) | (398) | (285) | (372) | (344) | |
| Other undisclosed operating income (loss) | (104) | (103) | (97) | (89) | (82) | 1 | 1 | |
| Operating income: | 242 | 232 | 182 | 110 | 201 | 200 | 193 | |
| Nonoperating income | 6 | 6 | 5 | 5 | 2 | 1 | 2 | |
| Investment income, nonoperating | 3 | 3 | 3 | |||||
| Foreign currency transaction loss, before tax | (0) | (2) | (0) | |||||
| Other nonoperating income (expense) | (4) | (3) | (1) | 1 | ||||
| Interest and debt expense | (1) | (1) | (1) | |||||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 1 | 1 | 1 | |||||
| Income from continuing operations before income taxes: | 248 | 238 | 187 | 115 | 203 | 201 | 195 | |
| Income tax expense | (59) | (59) | (23) | (45) | (78) | (77) | (75) | |
| Net income available to common stockholders, basic: | 189 | 179 | 164 | 70 | 125 | 124 | 120 | |
| Other undisclosed net loss available to common stockholders, diluted | (0) | (1) | (1) | (1) | ||||
| Net income available to common stockholders, diluted: | 189 | 179 | 164 | 70 | 124 | 123 | 119 | |
Comprehensive Income ($ in millions)
| 11/30/2019 TTM | 8/31/2019 | 8/31/2018 | 8/31/2017 | 8/31/2016 | 8/31/2015 | 8/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 189 | 179 | 164 | 70 | 125 | 124 | 120 | |
| Other comprehensive loss | (5) | (22) | (4) | |||||
| Comprehensive income: | 189 | 179 | 164 | 70 | 120 | 102 | 116 | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (5) | (9) | (4) | 7 | ||||
| Comprehensive income, net of tax, attributable to parent: | 184 | 171 | 160 | 78 | 120 | 102 | 116 | |
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.