Last10K.com

Aramark (ARMK) SEC Filing 10-K Annual Report for the fiscal year ending Friday, September 30, 2022

SEC Filings

ARMK Annual Reports

Aramark

CIK: 1584509 Ticker: ARMK

image0a14.jpg
Inquiries:
For Immediate Release
Felise Kissell
(215) 409-7287
Kissell-Felise@aramark.com
Scott Sullivan
(215) 238-3953
Sullivan-Scott1@aramark.com

Aramark Reports Fourth Quarter and Full Year Fiscal 2022 Results
Q4 YEAR-OVER-YEAR SUMMARY
Revenue +24%; Organic Revenue +26%
Revenue at 111% of pre-COVID level; Organic Revenue at 113% of pre-COVID level
Driven by record net growth, pricing, and ongoing base recovery
Operating Income +50%; Adjusted Operating Income (AOI) +62%1
Operating Income Margin +79 bps; AOI Margin +136 bps1
Continued margin recovery as a percentage of pre-COVID level
EPS increased $0.15 to $0.29; Adjusted EPS more than doubled to $0.491
Effect of currency translation impacted Adjusted EPS by $0.01

FISCAL 2022 YEAR-OVER-YEAR SUMMARY
Record Net New Business of $790 million, over 50% higher than fiscal '21
Annualized gross new business exceeded $1.6 billion, representing 10% of pre-COVID revenue
Retention rate of 95.3%, maintained significant improvement vs. historical average
Revenue +35%; Organic Revenue +35%
Represents highest annual revenue in Company history
Strong momentum into fiscal 2023 driven by net growth, pricing, and ongoing base recovery
Operating Income +228%; Adjusted Operating Income (AOI) +169%1
Operating Income Margin +227 bps; AOI Margin +243 bps
Improved profitability from higher sales volume and operational cost management
EPS increased $1.11 to $0.75; Adjusted EPS increased $1.49 to $1.201
Effect of currency translation impacted Adjusted EPS by $0.04
Strong cash flow and higher earnings drove enhanced financial flexibility
Net cash provided by operating activities of $694 million, increased $37 million; Free Cash Flow of $330 million, an improvement of $48 million
Leverage ratio improved 2.1x with cash availability of over $1.8 billion at fiscal year-end
Notes:
Net New Business is an internal statistical metric used to evaluate Aramark's new sales and retention performance. A definition of the metric can be found under Selected Operational and Financial Metrics
Pre-COVID level reflects constant currency performance compared to the same period in fiscal '19
Supplemental business review slides available on Aramark's Investor Relations website
1On a constant-currency basis


The following information was filed by Aramark (ARMK) on Tuesday, November 15, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Aramark's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Aramark.

Continue

Assess how Aramark's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Aramark's Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Rating

Learn More
Bullish Bearish Neutral
Filter Sentiment:
All
Positive
Negative
Filter Category:
All
Financial
Revenue
Legal
M & A
Other
Filter Subcategory:
All
Shares
Geography
Income
Cash Flow
Earnings
Debt
Expense
Product
Dividend
Other
Inside Aramark's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Audit Information
Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive (Loss) Income
Consolidated Statements Of Income (Loss)
Consolidated Statements Of Stockholders' Equity
Consolidated Statements Of Stockholders' Equity - Parentheticals
Acquisitions
Acquisitions (Tables)
Acquisitions - Assets And Liabilities Acquired (Details)
Acquisitions - Intangible Assets Acquired (Details)
Acquisitions - Narrative (Details)
Borrowings
Borrowings (Tables)
Borrowings - Fiscal 2020 Refinancing Transactions Narrative (Details)
Borrowings - Fiscal 2021 Refinancing Transactions Narrative (Details)
Borrowings - Guarantees And Certain Covenants (Details)
Borrowings - Incremental Facilities, Prepayments And Amortization Narrative (Details)
Borrowings - Receivables Facility (Details)
Borrowings - Schedule Of Future Maturities (Details)
Borrowings - Schedule Of Interest And Other Financing Costs Net (Details)
Borrowings - Schedule Of Long-Term Borrowings (Details)
Borrowings - Senior Notes Narrative (Details)
Borrowings - Senior Secured Credit Agreement Narrative (Details)
Business Segments
Business Segments (Details)
Business Segments (Tables)
Commitments And Contingencies
Commitments And Contingencies - Narrative (Details)
Derivative Instruments
Derivative Instruments (Tables)
Derivative Instruments - Narrative (Details)
Derivative Instruments - Schedule Of Derivative Instruments, Balance Sheet Presentation (Details)
Derivative Instruments - Schedule Of Derivative Instruments, Effect On Other Comprehensive Income (Loss) (Details)
Derivative Instruments - Schedule Summarizes The Location Of (Gain) Loss Reclassified From Aoci Into Earnings For Derivatives Designated As Hedging Instruments And The Location Of (Gain) Loss (Details)
Earnings (Loss) Per Share
Earnings Per Share (Tables)
Earnings Per Share - Basic And Diluted Earnings (Loss) Per Share (Details)
Earnings Per Share - Narrative (Details)
Employee Pension And Profit Sharing Plans
Employee Pension And Profit Sharing Plans - (Tables)
Employee Pension And Profit Sharing Plans - Narrative (Details)
Employee Pension And Profit Sharing Plans - Schedule Of Accumulated Benefit Obligations In Excess Of Fair Value Of Plan Assets (Details)
Employee Pension And Profit Sharing Plans - Schedule Of Allocation Of Plan Assets (Details)
Employee Pension And Profit Sharing Plans - Schedule Of Amounts Recognized In Balance Sheet Including Accumulated Other Comprehensive Income (Details)
Employee Pension And Profit Sharing Plans - Schedule Of Assumptions Used (Details)
Employee Pension And Profit Sharing Plans - Schedule Of Defined Benefit Plans Disclosures (Details)
Employee Pension And Profit Sharing Plans - Schedule Of Expected Benefit Payments (Details)
Employee Pension And Profit Sharing Plans - Schedule Of Multiemployer Contributions (Details)
Employee Pension And Profit Sharing Plans - Schedule Of Net Benefit Costs (Details)
Fair Value Of Financial Assets And Financial Liabilities
Fair Value Of Financial Assets And Financial Liabilities (Details)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (Tables)
Goodwill And Other Intangible Assets - Narrative (Details)
Goodwill And Other Intangible Assets - Schedule Of Expected Amortization Expense (Details)
Goodwill And Other Intangible Assets - Schedule Of Goodwill Assets By Segment (Details)
Goodwill And Other Intangible Assets - Schedule Of Other Intangible Assets (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Components Of Deferred Taxes (Details)
Income Taxes - Effective Income Tax Rate Reconciliation (Details)
Income Taxes - Income (Loss) From Continuing Operations Before Income Taxes By Source Of Income (Details)
Income Taxes - Narrative (Details)
Income Taxes - Provision (Benefit) For Income Taxes (Details)
Income Taxes - Reconciliation Of The Beginning And Ending Amount Of Gross Unrecognized Tax Benefits (Details)
Income Taxes - Schedule Of Valuation Allowance Rollforward (Details)
Leases
Leases (Tables)
Leases - Narrative (Details)
Leases - Schedule Of Cash Paid For Amounts Included In Lease Liabilities (Details)
Leases - Schedule Of Lease Maturity (Details)
Leases - Schedule Of Net Lease Cost (Details)
Leases - Summary Of Operating And Finance Leases On Balance Sheet (Details)
Nature Of Business, Basis Of Presentation And Summary Of Significant Accounting Policies
Nature Of Business, Basis Of Presentation And Summary Of Significant Accounting Policies (Policies)
Nature Of Business, Basis Of Presentation And Summary Of Significant Accounting Policies (Tables)
Nature Of Business, Basis Of Presentation And Summary Of Significant Accounting Policies - Deferred Income Taxes And Other Noncurrent Liabilities (Details)
Nature Of Business, Basis Of Presentation And Summary Of Significant Accounting Policies - Narrative (Details)
Nature Of Business, Basis Of Presentation And Summary Of Significant Accounting Policies - Other Accrued Expenses And Liabilities (Details)
Nature Of Business, Basis Of Presentation And Summary Of Significant Accounting Policies - Prepaid Expense And Other Current Assets (Details)
Nature Of Business, Basis Of Presentation And Summary Of Significant Accounting Policies - Schedule Of Accumulated Other Comprehensive Income (Loss) (Details)
Nature Of Business, Basis Of Presentation And Summary Of Significant Accounting Policies - Schedule Of Cash Flow, Supplemental Disclosures (Details)
Nature Of Business, Basis Of Presentation And Summary Of Significant Accounting Policies - Schedule Of Components Of Comprehensive Income (Loss) (Details)
Nature Of Business, Basis Of Presentation And Summary Of Significant Accounting Policies - Schedule Of Components Of Inventories (Details)
Nature Of Business, Basis Of Presentation And Summary Of Significant Accounting Policies - Schedule Of Other Assets (Details)
Nature Of Business, Basis Of Presentation And Summary Of Significant Accounting Policies - Schedule Of Other Assets - Footnotes (Details)
Revenue Recognition
Revenue Recognition (Tables)
Revenue Recognition - Contracted Balances (Details)
Revenue Recognition - Deferred Income (Details)
Revenue Recognition - Disaggregation Of Revenue (Details)
Revenue Recognition - Narrative (Details)
Schedule Ii - Valuation And Qualifying Accounts And Reserves
Schedule Ii - Valuation And Qualifying Accounts And Reserves (Details)
Severance
Severance (Tables)
Severance - Narrative (Details)
Severance - Severance Charges By Segment (Details)
Severance - Unpaid Obligations For Severance And Related Costs (Details)
Share-Based Compensation
Share-Based Compensation (Tables)
Share-Based Compensation - Deferred Stock And Time-Based Units Narrative (Details)
Share-Based Compensation - Employee Stock Purchase Plan (Details)
Share-Based Compensation - Narrative (Details)
Share-Based Compensation - Performance Stock Units Activity (Details)
Share-Based Compensation - Schedule Of Options Activity (Details)
Share-Based Compensation - Schedule Of Restricted Stock Units Activity (Details)
Share-Based Compensation - Schedule Of Share-Based Compensation By Plan (Details)
Share-Based Compensation - Schedule Of Unrecognized Compensation Cost (Details)
Share-Based Compensation - Time-Based Options (Details)
Stockholders' Equity
Stockholders' Equity (Details)
Stockholders' Equity (Tables)
Ticker: ARMK
CIK: 1584509
Form Type: 10-K Annual Report
Accession Number: 0001584509-22-000236
Submitted to the SEC: Tue Nov 22 2022 4:19:07 PM EST
Accepted by the SEC: Tue Nov 22 2022
Period: Friday, September 30, 2022
Industry: Retail Eating Places

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/armk/0001584509-22-000236.htm