$ABM
ABM INDUSTRIES INC /DE/

2015 Q3 Form 10-Q Financial Statement

#000162828015006954 Filed on September 03, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2014 Q3
Revenue $1.250B $1.181B
YoY Change 5.86% -2.97%
Cost Of Revenue $1.156B $1.145B
YoY Change 1.01% 4.47%
Gross Profit $93.60M $124.0M
YoY Change -24.52% 2.39%
Gross Profit Margin 7.49% 10.5%
Selling, General & Admin $92.80M $91.20M
YoY Change 1.75% 6.79%
% of Gross Profit 99.15% 73.55%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.80M $14.00M
YoY Change 5.71% -7.28%
% of Gross Profit 15.81% 11.29%
Operating Expenses $92.80M $91.20M
YoY Change 1.75% 6.79%
Operating Profit -$7.600M $33.70M
YoY Change -122.55% 17.42%
Interest Expense $2.400M $2.700M
YoY Change -11.11% -20.59%
% of Operating Profit 8.01%
Other Income/Expense, Net
YoY Change
Pretax Income -$7.400M $32.60M
YoY Change -122.7% 21.19%
Income Tax -$8.600M $13.20M
% Of Pretax Income 40.49%
Net Earnings $1.500M $19.40M
YoY Change -92.27% 21.25%
Net Earnings / Revenue 0.12% 1.64%
Basic Earnings Per Share $0.03 $0.34
Diluted Earnings Per Share $0.03 $0.34
COMMON SHARES
Basic Shares Outstanding 56.80M shares 56.20M shares
Diluted Shares Outstanding 57.50M shares 57.00M shares

Balance Sheet

Concept 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $51.20M $24.60M
YoY Change 108.13% -36.43%
Cash & Equivalents $51.20M $24.60M
Short-Term Investments
Other Short-Term Assets $29.60M $40.60M
YoY Change -27.09% 5.1%
Inventory
Prepaid Expenses $88.50M $68.80M
Receivables $783.2M $726.1M
Other Receivables $0.00 $11.20M
Total Short-Term Assets $999.6M $926.6M
YoY Change 7.88% 9.62%
LONG-TERM ASSETS
Property, Plant & Equipment $80.40M $82.60M
YoY Change -2.66% 13.61%
Goodwill $916.6M $879.1M
YoY Change 4.27% 1.3%
Intangibles
YoY Change
Long-Term Investments $33.90M $19.30M
YoY Change 75.65% 13.02%
Other Assets $114.7M $38.90M
YoY Change 194.86% -3.6%
Total Long-Term Assets $1.265B $1.242B
YoY Change 1.85% -1.31%
TOTAL ASSETS
Total Short-Term Assets $999.6M $926.6M
Total Long-Term Assets $1.265B $1.242B
Total Assets $2.264B $2.168B
YoY Change 4.43% 3.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $167.0M $162.8M
YoY Change 2.58% 11.1%
Accrued Expenses $297.6M $278.9M
YoY Change 6.7% 5.56%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $555.4M $521.8M
YoY Change 6.44% 4.12%
LONG-TERM LIABILITIES
Long-Term Debt $305.1M $311.7M
YoY Change -2.12% -10.56%
Other Long-Term Liabilities $45.20M $364.6M
YoY Change -87.6% 1.42%
Total Long-Term Liabilities $45.20M $676.3M
YoY Change -93.32% -4.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $555.4M $521.8M
Total Long-Term Liabilities $45.20M $676.3M
Total Liabilities $1.278B $1.215B
YoY Change 5.2% 0.44%
SHAREHOLDERS EQUITY
Retained Earnings $706.9M $677.8M
YoY Change 4.29% 5.73%
Common Stock $284.0M $277.4M
YoY Change 2.38% 8.69%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $986.6M $953.7M
YoY Change
Total Liabilities & Shareholders Equity $2.264B $2.168B
YoY Change 4.43% 3.08%

Cashflow Statement

Concept 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $1.500M $19.40M
YoY Change -92.27% 21.25%
Depreciation, Depletion And Amortization $14.80M $14.00M
YoY Change 5.71% -7.28%
Cash From Operating Activities $62.40M $19.30M
YoY Change 223.32% -58.49%
INVESTING ACTIVITIES
Capital Expenditures -$7.200M -$9.200M
YoY Change -21.74% -16.36%
Acquisitions
YoY Change
Other Investing Activities -$14.80M $800.0K
YoY Change -1950.0% -38.46%
Cash From Investing Activities -$22.00M -$8.400M
YoY Change 161.9% -13.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -19.60M -24.00M
YoY Change -18.33% -33.33%
NET CHANGE
Cash From Operating Activities 62.40M 19.30M
Cash From Investing Activities -22.00M -8.400M
Cash From Financing Activities -19.60M -24.00M
Net Change In Cash 20.80M -13.10M
YoY Change -258.78% -1737.5%
FREE CASH FLOW
Cash From Operating Activities $62.40M $19.30M
Capital Expenditures -$7.200M -$9.200M
Free Cash Flow $69.60M $28.50M
YoY Change 144.21% -50.43%

Facts In Submission

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us-gaap Interest Expense
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us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
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100000 USD
CY2015Q3 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
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6400000 USD
CY2015Q3 us-gaap Loss Contingency Range Of Possible Loss Minimum
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0 USD
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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57000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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CY2014Q3 us-gaap Net Income Loss
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19400000 USD
us-gaap Net Income Loss
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47700000 USD
CY2015Q3 us-gaap Net Income Loss
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1500000 USD
us-gaap Net Income Loss
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37500000 USD
CY2014Q3 us-gaap Operating Income Loss
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33700000 USD
us-gaap Operating Income Loss
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CY2015Q3 us-gaap Operating Income Loss
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-7300000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
42700000 USD
CY2014Q4 us-gaap Other Accrued Liabilities Current
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CY2014Q4 us-gaap Other Assets Current
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30200000 USD
CY2015Q3 us-gaap Other Assets Current
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CY2014Q4 us-gaap Other Assets Fair Value Disclosure
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CY2015Q3 us-gaap Other Assets Fair Value Disclosure
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CY2015Q3 us-gaap Other Assets Noncurrent
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CY2014Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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0 USD
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100000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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45200000 USD
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27000000 USD
us-gaap Payments Of Financing Costs
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1200000 USD
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300000 USD
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19200000 USD
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CY2015Q3 us-gaap Preferred Stock Value
PreferredStockValue
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.01
CY2015Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2014Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
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CY2015Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
500000 shares
CY2014Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
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CY2014Q4 us-gaap Prepaid Expense Current
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us-gaap Proceeds From Long Term Lines Of Credit
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us-gaap Proceeds From Long Term Lines Of Credit
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us-gaap Proceeds From Repayments Of Bank Overdrafts
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5000000 USD
us-gaap Proceeds From Repayments Of Bank Overdrafts
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
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us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
7300000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
16500000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2015Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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us-gaap Provision For Doubtful Accounts
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2200000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
100000 USD
CY2014Q3 us-gaap Reimbursement Revenue
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78000000 USD
us-gaap Reimbursement Revenue
ReimbursementRevenue
231400000 USD
CY2015Q3 us-gaap Reimbursement Revenue
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78500000 USD
us-gaap Reimbursement Revenue
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230600000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
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2800000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
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us-gaap Repayments Of Long Term Lines Of Credit
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us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
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CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2014Q3 us-gaap Sales Revenue Services Net
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us-gaap Sales Revenue Services Net
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CY2015Q3 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
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us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
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CY2014Q4 us-gaap Self Insurance Reserve
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CY2015Q3 us-gaap Self Insurance Reserve
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CY2014Q3 us-gaap Selling General And Administrative Expense
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us-gaap Selling General And Administrative Expense
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CY2015Q3 us-gaap Selling General And Administrative Expense
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us-gaap Selling General And Administrative Expense
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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CY2015Q3 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Nature Of Operations
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">THE COMPANY AND NATURE OF OPERATIONS</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">ABM Industries Incorporated, together with its consolidated subsidiaries (hereinafter collectively referred to as &#8220;ABM,&#8221; &#8220;we,&#8221; &#8220;us,&#8221; &#8220;our,&#8221; or the &#8220;Company&#8221;), is a leading provider of end-to-end integrated facility solutions to thousands of commercial, industrial, institutional, retail, residential, and governmental facilities located primarily throughout the United States. Our comprehensive capabilities include expansive facility solutions, energy solutions, commercial cleaning, maintenance and repair, HVAC, electrical, landscaping, parking, security, and commercial aviation support services, which we provide through stand-alone or integrated solutions. The Company was reincorporated in Delaware on </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">March&#160;19, 1985</font><font style="font-family:Arial;font-size:10pt;">, as the successor to a business founded in California in </font><font style="font-family:Arial;font-size:10pt;">1909</font><font style="font-family:Arial;font-size:10pt;">.</font></div></div>
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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57000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57000000 shares
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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57500000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57400000 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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56200000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
56000000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
56800000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
56700000 shares

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