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ARAMARK Corporation
Business Summary
ARAMARK Corporation is a privately-held company offering services in diverse sectors including: facilities management, uniform and work apparel, food service and refreshments, lodging and guest accommodations, clinical technology services, and cleanroom services. Founded in 1959, Aramark is headquartered in Philadelphia, Pennsylvania. Aramark was a public company trading on the New York Stock Exchange from 2001 until early 2007, when it again became a private company in an $8.3 billion buyout by an investor group led by Joseph Neubauer.
Overview & Corporate Organization
Basic Information
| Year Founded: | 1959 |
| Fiscal Year End: | 09/30 |
| 1YR Revenue Growth Rate: | View % |
| 1YR Employee Growth Rate: | View % |
| 3YR Employee Growth Rate (CAGR): | View % |
| City: | Philadelphia |
| State/Province: | Pennsylvania |
| Country: | United States |
| Phone: | View |
| Fax: | View |
| Website: | www.aramark.com |
Corporate Organization
| Parent Companies: | ARAMARK HOLDINGS CORPORATION |
| Subsidiaries: | ARAMARK Refreshment Services ARAMARK Uniform and Career Apparel |
| Founders: | Davre Davidson |
Industry Information
PrivCo Industries (Sector > Industry > Sub-Industry)
| Services > Catering Services |
| Consumer Products > Apparel, Footwear & Accessories > Employee Uniforms |
| Consumer Products > Apparel, Footwear & Accessories > Other Apparel, Footwear & Accessories |
The PrivCo Industry Classification System™ (PICS) is our proprietary, modernized industry classification system, geared especially toward privately-held companies and including newer emerging sub-industries that are not reflected in other outdated industry classification systems, such as SIC and NAICS.
Charts, Financials, and Statistics (Table Format)
Copy & Paste Financials Into Spreadsheet or
| Income Statement | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 |
| Net Sales Revenue | View | View | View | View | View | View | View | $10,963,360,000 |
| Revenues | View | View | View | |||||
| Cost of Services | View | View | View | View | View | View | View | $9,921,742,000 |
| Selling, General and Administrative Expenses | View | View | View | View | View | View | View | $141,328,000 |
| Depreciation and Amortization | View | View | View | View | View | View | View | $320,118,000 |
| Impairment of Goodwill | View | $0 | ||||||
| Other Operating Income Expense | View | View | $0 | |||||
| Cost and Operating Expenses | View | View | View | View | View | View | View | $10,383,188,000 |
| Operating Income/(Loss) | View | View | View | View | View | View | View | $580,172,000 |
| Interest Expense | View | |||||||
| Net Interest Income/(Expense) | View | View | View | View | View | View | ($126,999,000) | |
| Income/(Loss) from Continuing Operations Before Income Taxes | View | View | View | View | View | View | ||
| Income Loss Continuing Operations Before Income Taxes Effect Accounting Change | View | $453,173,000 | ||||||
| Provision for Income Taxes | View | View | View | View | View | View | View | $164,698,000 |
| Minority Interest, Net of Tax Effect | View | View | View | View | ||||
| Income/(Loss) Before Cumulative Effect of Change in Accounting Principle | View | $288,475,000 | ||||||
| Cumulative Effect of a Change in Accounting Principle, Net of Tax Effect | View | $0 | ||||||
| Income/(Loss) from Continuing Operations | View | View | View | View | ||||
| Income/(Loss) from Discontinued Operations, Net of Tax Effect | View | View | View | View | View | $0 | ||
| Net Income (Loss) | View | View | View | View | View | View | View | $288,475,000 |
| Balance Sheet | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
| Cash and Cash Equivalents | View | View | View | View | View | View | |
| Net Accounts Receivable Trade | View | View | View | ||||
| Net Receivables | View | View | View | ||||
| Net Inventories | View | View | View | View | View | View | |
| Prepaid Expenses | View | View | View | View | View | View | |
| Current Assets Held-for-Sale | View | View | |||||
| Current Assets | View | View | View | View | View | View | View |
| Land, Buildings and Improvements | View | View | View | View | View | View | |
| Equipment and Furniture | View | View | View | View | View | View | |
| Property, Plant and Equipment, Gross | View | View | View | View | View | View | |
| Accumulated Depreciation PPE | View | View | View | View | View | View | |
| Net Property, Plant and Equipment | View | View | View | View | View | View | View |
| Goodwill | View | View | View | View | View | View | View |
| Intangible Assets - Other | View | View | View | View | View | View | |
| Intangible Assets (Excluding Goodwill) | View | ||||||
| Noncurrent Other Assets | View | View | View | View | View | View | View |
| Assets | View | View | View | View | View | View | View |
| Accounts Payable | View | View | View | View | View | View | |
| Accrued Salaries | View | ||||||
| Employee Related Liabilities | View | View | View | View | View | ||
| Other Accrued Expenses | View | View | View | View | View | View | |
| Current Portion of Long-Term Debt | View | View | View | View | View | View | |
| Current Liabilities Held for Sale | View | View | |||||
| Current Liabilities | View | View | View | View | View | View | View |
| Other Debt - Long-Term | View | View | View | ||||
| Long-Term Debt | View | View | View | View | View | View | View |
| Minority Interest | View | View | |||||
| Deferred Tax Liability | View | View | View | View | View | View | |
| Noncurrent Other Liabilities | View | View | View | View | |||
| Redeemable Common Stock Obligation | View | ||||||
| Other Temporary Equity | View | View | |||||
| Common Stock - Value (Excluding Additional Paid in Capital) | View | View | View | View | View | View | |
| Common Class A - Value (Excluding Additional Paid in Capital) | View | ||||||
| Common Class B - Value (Excluding Additional Paid in Capital) | View | ||||||
| Additional Paid in Capital | View | View | View | View | View | View | |
| Retained Earnings | View | View | View | View | View | View | |
| Treasury Stock - Value | View | ||||||
| Other Accumulated Comprehensive Income, Net of Tax Effect | View | View | View | View | View | View | |
| Stockholders' Equity | View | View | View | View | View | View | View |
| Liabilities and Stockholders' Equity | View | View | View | View | View | View | View |
| Cash Flow Statement | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 |
| Operating Activities Beginning Net Income | View | View | View | View | View | View | View | $288,475,000 |
| Depreciation and Amortization | View | View | View | View | View | View | View | $320,118,000 |
| Asset Impairment Charges | View | $0 | ||||||
| Adjustments to Realized Gains/(Losses) on Sale of Investments | View | View | View | View | View | View | $0 | |
| Adjustment for Equity Based Compensation Expense | View | View | View | View | View | View | View | $3,467,000 |
| Deferred Income Taxes | View | View | View | View | View | View | View | ($4,073,000) |
| Income/(Loss) from Discontinued Operations, Net of Tax Effect | View | $0 | ||||||
| Adjustments to Cumulative Effect of a Change in Accounting Principle, Net of Tax Effect | View | $0 | ||||||
| Increase/(Decrease) in Receivables | View | View | View | View | View | View | View | $61,179,000 |
| Change Accounts Receivable | View | View | View | View | View | |||
| Change Other Receivable | View | |||||||
| Increase/(Decrease) in Inventories | View | View | View | View | View | View | $6,501,000 | |
| Change Prepaid Expenses Other Current Assets | View | View | View | View | View | View | ($1,019,000) | |
| Increase/(Decrease) in Other Non-operating Assets | View | View | View | View | View | View | $33,785,000 | |
| Increase/(Decrease) in Accounts Payable | View | View | View | View | View | View | $16,341,000 | |
| Increase/(Decrease) in Accrued Expenses | View | View | View | View | View | View | $57,706,000 | |
| Increase/(Decrease) in Other Non-operating Liabilities | View | View | View | View | View | View | ($914,000) | |
| Net Other Increase/(Decrease) in Working Capital | View | View | View | View | View | View | View | $1,694,000 |
| Net Cash Flows Provided By/(Used In) Operating Activities | View | View | View | View | View | View | View | $611,780,000 |
| Purchase of Property, Plant and Equipment | View | View | View | View | View | View | View | $320,414,000 |
| Acquisition of Businesses, Net of Cash Acquired | View | View | $0 | |||||
| Proceeds from Divestiture of Business | View | View | View | |||||
| Increase Decrease Acquisition Purchase Price Adjustment | View | View | View | View | View | View | View | ($4,558,000) |
| Net Other Acquisition/(Divestiture) of Business Activities | View | View | $11,518,000 | |||||
| Purchase Intangible Assets | View | View | View | View | View | View | $120,008,000 | |
| Proceeds from Sale of Property, Plant and Equipment | View | View | View | View | View | View | $21,581,000 | |
| Net Other Investing Activities | View | View | View | View | View | View | ($36,870,000) | |
| Net Cash Flows Provided By/(Used In) Investing Activities | View | View | View | View | View | View | View | ($365,895,000) |
| Proceeds from Other Receivable | View | $32,800,000 | ||||||
| Net Proceeds from Issuance of Long-Term Debt and Capital Securities | View | View | View | View | View | View | $361,382,000 | |
| Repayments of Long-Term Debt and Capital Securities | View | View | View | View | View | View | View | $393,629,000 |
| Net Change Other Receivables | View | View | View | |||||
| Proceeds from Issuance of Common Stock | View | View | View | View | View | View | View | $35,748,000 |
| Proceeds Issuance Minority Interest | View | |||||||
| Repurchase of Common Stock | View | View | View | View | View | View | View | $187,551,000 |
| Increase/(Decrease) in Minority Interest in a Subsidiary | View | View | View | |||||
| Payment of Dividends | View | View | View | View | View | View | $40,321,000 | |
| Contributions from - Affiliates | View | $0 | ||||||
| Cash Provided by/(Used in) Financing Activities - Other | View | View | View | View | View | View | View | ($10,767,000) |
| Net Cash Flows Provided By/(Used In) Financing Activities | View | View | View | View | View | View | View | ($235,138,000) |
| Increase/(Decrease) in Cash and Cash Equivalents | View | View | View | View | View | View | View | $10,747,000 |
| Cash and cash equivalents at the beginning of the year | View | View | View | View | View | View | $45,319,000 | |
| Cash and cash equivalents adjustment to beginning period | View | View | View | |||||
| Total Cash and cash equivalents at the end of the year | View | View | View | View | View | View | $56,066,000 |
| Financial Notes: | |
| * | ARAMARK Corporation fiscal year end: 09/30 |
Charts, Financials, and Statistics (Graphs)
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ARAMARK Corporation Net Sales Revenue ($ MM): |
ARAMARK Corporation Revenues ($ MM): |
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ARAMARK Corporation Cost and Operating Expenses ($ MM): |
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ARAMARK Corporation Income/(Loss) from Continuing Operations Before Income Taxes ($ MM): |
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ARAMARK Corporation Minority Interest, Net of Tax Effect ($ MM): |
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ARAMARK Corporation Cumulative Effect of a Change in Accounting Principle, Net of Tax Effect ($ MM): |
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ARAMARK Corporation Land, Buildings and Improvements ($ MM): |
ARAMARK Corporation Equipment and Furniture ($ MM): |
ARAMARK Corporation Property, Plant and Equipment, Gross ($ MM): |
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ARAMARK Corporation Goodwill ($ MM): |
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ARAMARK Corporation Employee Related Liabilities ($ MM): |
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ARAMARK Corporation Other Debt - Long-Term ($ MM): |
ARAMARK Corporation Long-Term Debt ($ MM): |
ARAMARK Corporation Minority Interest ($ MM): |
ARAMARK Corporation Deferred Tax Liability ($ MM): |
ARAMARK Corporation Noncurrent Other Liabilities ($ MM): |
ARAMARK Corporation Other Temporary Equity ($ MM): |
ARAMARK Corporation Additional Paid in Capital ($ MM): |
ARAMARK Corporation Retained Earnings ($ MM): |
ARAMARK Corporation Other Accumulated Comprehensive Income, Net of Tax Effect ($ MM): |
ARAMARK Corporation Stockholders' Equity ($ MM): |
ARAMARK Corporation Liabilities and Stockholders' Equity ($ MM): |
ARAMARK Corporation Operating Activities Beginning Net Income ($ MM): |
ARAMARK Corporation Depreciation and Amortization ($ MM): |
ARAMARK Corporation Asset Impairment Charges ($ MM): |
ARAMARK Corporation Adjustments to Realized Gains/(Losses) on Sale of Investments ($ MM): |
ARAMARK Corporation Adjustment for Equity Based Compensation Expense ($ MM): |
ARAMARK Corporation Deferred Income Taxes ($ MM): |
ARAMARK Corporation Income/(Loss) from Discontinued Operations, Net of Tax Effect ($ MM): |
ARAMARK Corporation Adjustments to Cumulative Effect of a Change in Accounting Principle, Net of Tax Effect ($ MM): |
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ARAMARK Corporation Increase/(Decrease) in Other Non-operating Assets ($ MM): |
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ARAMARK Corporation Increase/(Decrease) in Other Non-operating Liabilities ($ MM): |
ARAMARK Corporation Net Other Increase/(Decrease) in Working Capital ($ MM): |
ARAMARK Corporation Net Cash Flows Provided By/(Used In) Operating Activities ($ MM): |
ARAMARK Corporation Purchase of Property, Plant and Equipment ($ MM): |
ARAMARK Corporation Acquisition of Businesses, Net of Cash Acquired ($ MM): |
ARAMARK Corporation Proceeds from Divestiture of Business ($ MM): |
ARAMARK Corporation Increase Decrease Acquisition Purchase Price Adjustment ($ MM): |
ARAMARK Corporation Net Other Acquisition/(Divestiture) of Business Activities ($ MM): |
ARAMARK Corporation Purchase Intangible Assets ($ MM): |
ARAMARK Corporation Proceeds from Sale of Property, Plant and Equipment ($ MM): |
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ARAMARK Corporation Net Cash Flows Provided By/(Used In) Investing Activities ($ MM): |
ARAMARK Corporation Proceeds from Other Receivable ($ MM): |
ARAMARK Corporation Net Proceeds from Issuance of Long-Term Debt and Capital Securities ($ MM): |
ARAMARK Corporation Repayments of Long-Term Debt and Capital Securities ($ MM): |
ARAMARK Corporation Net Change Other Receivables ($ MM): |
ARAMARK Corporation Proceeds from Issuance of Common Stock ($ MM): |
ARAMARK Corporation Repurchase of Common Stock ($ MM): |
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ARAMARK Corporation Cash Provided by/(Used in) Financing Activities - Other ($ MM): |
ARAMARK Corporation Net Cash Flows Provided By/(Used In) Financing Activities ($ MM): |
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ARAMARK Corporation Total Employees: |
ARAMARK Corporation Productivity (Revenue/Employee) ($): |
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Mergers & Acquisitions
| Date | Status | Target | Buyer | Deal Type | Price | |
| Details | Jun. 2006 | Completed | View | View | Acquisition | View |
| Details | Dec. 2006 | Completed | View | View | Acquisition Leveraged Buyout (LBO) Take Private | View |
| Details | May. 2007 | Completed | View | View | Acquisition | View |
| Details | Mar. 2011 | Completed | View | View | Acquisition | View |
| Details | Jun. 2011 | Completed | View1 | View | Minority Stake Purchase Spin-Off | View |
| Details | Oct. 2011 | Completed | View | View | Acquisition Leveraged Buyout (LBO) | View |
| Details | Oct. 2011 | Completed | View | View | Acquisition | View |
| Details | Oct. 2012 | Completed | View | View | Spin-Off | View |
| 1 | SeamlessWeb's valuation in...Read More → |
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Public / Private History (PPH™)
| Date | Deal Type | Action | Resulting Status | Valuation | Amount Raised | Public Ticker | |
| Details | Dec. 2006 | View | View | View | View | View | View |
Detailed Business Description: ARAMARK Corporation
ARAMARK Corporation is a leading provider of managed services to businesses, schools, healthcare facilities, governmental institutions, and sports, entertainment and recreational facilities with a specialization in food and hospitality services. In the United States, ARAMARK is the second largest uniform and work apparel provider. ARAMARK currently operates in 22 countries serving thousands of business clients and millions of their employees. ARAMARK was founded in 1959 after beginning its operations in the 1930s as two separate vending services company which merged to form ARAMARK.
Business Model
ARAMARK's $13.1BN revenues come predominantly from its Food and Support Services division which accounted for 69%. The Food and Support Services division becomes the exclusive food and drink provider at each contracted site which includes businesses, schools, healthcare facilities, government institutions, sports arenas, and entertainment and recreational facilities. At each exclusive… Continue Reading →
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