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Aramark ARMK Food and Support Services - International — Goodwill impairment

Discontinued — last reported Q2 '20

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Other financials

Income statement

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Revenue$4.9B+14.7%
Gross profit$426.4M+18.6%
Operating income$219.7M+26.2%
Net income$102.0M+64.8%
EPS (diluted)$0.38+65.2%

Balance sheet

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Cash & equivalents$540.8M-44.5%
Total debt$6.5B-10.8%
Total equity$3.3B+8.6%
Total assets$13.8B+2.6%

Cash flow

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Operating cash flow-$782.2M-33.2%
CapEx$101.3M-12.5%
Free cash flow-$904.4M-27.9%

Valuation

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Market cap$14.02B+37.3%
Enterprise value$20B+19.3%
P/E39.3×+9.9×
P/S0.7×+0.1×

Profitability

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Gross margin8.4%-0.1pp
Operating margin4.3%-0.1pp
Net margin1.8%-0.1pp
FCF margin1.2%

Returns & leverage

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Return on equity11.3%-0.4pp
Debt / equity-0.4×
Current ratio1.2×0.0×

Where this comes from

Reported directly by Aramark in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The official record: Aramark’s 10-Q, filed May 11, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does food and support services - international — goodwill impairment mean?
The amount of value written off from international business acquisitions due to a decline in their expected future profitability.
How do you interpret food and support services - international — goodwill impairment?
An increase indicates a loss of value in international assets, while a decrease suggests stable or improving asset valuation.
How does food and support services - international — goodwill impairment compare across companies?
Peers in the global facilities management sector often report similar goodwill impairment charges during periods of economic volatility or integration challenges.