G&K SERVICES INC company info

CIK 39648
IRS Number 410449530
State of incorporation MN
Business address 5995 OPUS PARKWAY
SUITE 500
MINNETONKA
MN
55343
Mail address 5995 OPUS PARKWAY
SUITE 500
MINNETONKA
MN
55343

Short summary

G&K SERVICES INC is a Minnesota company, with head office located at 5995 Opus Parkway Minnetonka, Minnesota 55343. The company achieved a record breaking net income last year - 72.44 million USD. In 2016 the company owned a total of 924.45 million USD worth of assets, including 321.76 million USD worth of current assets. 2014 was the year when the company amassed the most assets. The company net sales last year amounted to 978.04 million USD.

G&K SERVICES INC Income Statement

Name [in Millions USD]200820092010201120122013201420152016Trends
Revenue, Net 833.59869.94907.73900.87937.64978.04
Gross Profit 305.92316.51334.97
Selling, General and Administrative Expense 191.71187.41207.81199.95208.79212.33
Operating Income (Loss) 59.6242.2778.0396.12101.21122.64
Interest expense 13.856.084.866.327.146.84
Income Tax Expense (Benefit) 17.1612.0426.4533.7334.2143.37
Net income 28.6124.1546.7247.6759.8772.44

G&K SERVICES INC Balance Sheet

Name [in Millions USD]200820092010201120122013201420152016Trends
Cash and cash equivalents 13.1422.9719.6038.5937.1216.2422.0129.86
Accounts Receivable, Net, Current 93.0690.99100.19100.4099.76108.70
Inventories 38.4236.2641.0136.53
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 343.35354.39368.67382.30395.34406.34
Goodwill 323.10325.34334.39333.21325.18323.02322.37
Other Assets, Noncurrent 57.4251.5061.8364.4157.1156.54
Total assets 813.90873.73897.29923.52928.20918.45924.45
Current assets 303.13308.40327.10317.22309.26321.76
Accounts payable 41.3641.6644.6051.6247.5853.15
Total current liabilities 119.91130.30144.34154.62146.43141.00
Long-term Debt, Excluding Current Maturities 125.03
Deferred income taxes 5.4719.8917.2128.8536.9179.21
Other Accrued Liabilities, Noncurrent 3.774.163.487.666.685.89
Total liabilities 470.67430.28549.48534.52524.40519.14
Common Stock, Value, Issued 9.459.849.969.989.899.87
Retained Earnings (Accumulated Deficit) 371.27402.91297.24314.98320.27328.31
Accumulated Other Comprehensive Income (Loss), Net of Tax 4.601.909.393.99-8.94-19.94-20.39

G&K SERVICES INC Cash Flow

Name [in Millions USD]200820092010201120122013201420152016Trends
Net income 28.6124.1546.7247.6759.8772.44
Depreciation 342928.1128.2230.3635.08
Amortization of Intangible Assets 6.2054.062.661.941.43
Depreciation and amortization 40.1933.9832.1830.8832.3036.50
Deferred Income Tax Expense (Benefit) 5.302.801.0616.8818.6419.61
Accounts receivable 3.52-2.5014.542.913.05
Inventories -22.1614.48-15.0312.169.43-4.59
Accounts payable 3.470.480.947.20-3.66
Net Cash Provided by (Used in) Operating Activities 72.7172.97112.1074.6494.24134.18
Net Cash Provided by (Used in) Investing Activities 4.91-35.11-54.11-26.14-55.84-48.33
Proceeds from Issuance of Long-term Debt 010000
Payments for Repurchase of Common Stock 0.400.820.8111.6717.6034.52
Payments of Ordinary Dividends, Common Stock 5.58123.9215.08140.8924.5430.42
Net Cash Provided by (Used in) Financing Activities -81.84-40.67-38.02-49.69-55.93-77.62
Cash and Cash Equivalents, Period Increase (Decrease) -4.22-2.81