2016 Q3 Form 10-Q Financial Statement

#000162828016019455 Filed on September 08, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2015 Q4 2015 Q3
Revenue $1.297B $1.277B $1.250B
YoY Change 3.76% 6.0% 5.86%
Cost Of Revenue $1.161B $858.6M $1.156B
YoY Change 0.43% 6.8% 1.01%
Gross Profit $135.6M $148.9M $93.60M
YoY Change 44.87% 11.37% -24.52%
Gross Profit Margin 10.46% 11.66% 7.49%
Selling, General & Admin $108.0M $94.30M $92.80M
YoY Change 16.38% 23.59% 1.75%
% of Gross Profit 79.65% 63.33% 99.15%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.90M $13.90M $14.80M
YoY Change -6.08% -6.71% 5.71%
% of Gross Profit 10.25% 9.34% 15.81%
Operating Expenses $108.0M $100.0M $92.80M
YoY Change 16.38% 21.07% 1.75%
Operating Profit $18.50M $48.90M -$7.600M
YoY Change -343.42% -4.31% -122.55%
Interest Expense $2.600M $100.0K $2.400M
YoY Change 8.33% -125.0% -11.11%
% of Operating Profit 14.05% 0.2%
Other Income/Expense, Net
YoY Change
Pretax Income $18.00M $31.00M -$7.400M
YoY Change -343.24% 7.27% -122.7%
Income Tax -$14.90M $14.40M -$8.600M
% Of Pretax Income -82.78% 46.45%
Net Earnings $31.10M $38.80M $1.500M
YoY Change 1973.33% 39.07% -92.27%
Net Earnings / Revenue 2.4% 3.04% 0.12%
Basic Earnings Per Share $0.55 $0.68 $0.03
Diluted Earnings Per Share $0.55 $0.68 $0.03
COMMON SHARES
Basic Shares Outstanding 56.20M shares 56.07M shares 56.80M shares
Diluted Shares Outstanding 56.80M shares 57.50M shares

Balance Sheet

Concept 2016 Q3 2015 Q4 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $51.60M $55.50M $51.20M
YoY Change 0.78% 51.23% 108.13%
Cash & Equivalents $51.60M $55.50M $51.20M
Short-Term Investments
Other Short-Term Assets $27.60M $27.00M $29.60M
YoY Change -6.76% -9.4% -27.09%
Inventory
Prepaid Expenses $92.70M $68.60M $88.50M
Receivables $774.1M $742.9M $783.2M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $946.0M $894.0M $999.6M
YoY Change -5.36% -3.58% 7.88%
LONG-TERM ASSETS
Property, Plant & Equipment $76.80M $74.00M $80.40M
YoY Change -4.48% -10.84% -2.66%
Goodwill $910.6M $867.5M $916.6M
YoY Change -0.65% 1.5% 4.27%
Intangibles
YoY Change
Long-Term Investments $29.60M $22.60M $33.90M
YoY Change -12.68% -31.31% 75.65%
Other Assets $132.2M $114.0M $114.7M
YoY Change 15.26% -0.87% 194.86%
Total Long-Term Assets $1.293B $1.237B $1.265B
YoY Change 2.28% -2.29% 1.85%
TOTAL ASSETS
Total Short-Term Assets $946.0M $894.0M $999.6M
Total Long-Term Assets $1.293B $1.237B $1.265B
Total Assets $2.239B $2.131B $2.264B
YoY Change -1.1% -2.84% 4.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $177.5M $179.1M $167.0M
YoY Change 6.29% 3.11% 2.58%
Accrued Expenses $317.0M $290.2M $297.6M
YoY Change 6.52% 15.34% 6.7%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $588.0M $568.2M $555.4M
YoY Change 5.87% 7.94% 6.44%
LONG-TERM LIABILITIES
Long-Term Debt $224.3M $158.0M $305.1M
YoY Change -26.48% -50.59% -2.12%
Other Long-Term Liabilities $65.30M $46.40M $45.20M
YoY Change 44.47% 21.78% -87.6%
Total Long-Term Liabilities $65.30M $46.40M $45.20M
YoY Change 44.47% 21.78% -93.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $588.0M $568.2M $555.4M
Total Long-Term Liabilities $65.30M $46.40M $45.20M
Total Liabilities $1.242B $1.123B $1.278B
YoY Change -2.83% -8.24% 5.2%
SHAREHOLDERS EQUITY
Retained Earnings $757.9M $736.5M $706.9M
YoY Change 7.21% 5.68% 4.29%
Common Stock $262.6M $276.1M $284.0M
YoY Change -7.54% 0.51% 2.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $997.9M $1.008B $986.6M
YoY Change
Total Liabilities & Shareholders Equity $2.239B $2.131B $2.264B
YoY Change -1.1% -2.84% 4.43%

Cashflow Statement

Concept 2016 Q3 2015 Q4 2015 Q3
OPERATING ACTIVITIES
Net Income $31.10M $38.80M $1.500M
YoY Change 1973.33% 39.07% -92.27%
Depreciation, Depletion And Amortization $13.90M $13.90M $14.80M
YoY Change -6.08% -6.71% 5.71%
Cash From Operating Activities $16.90M $43.90M $62.40M
YoY Change -72.92% -31.08% 223.32%
INVESTING ACTIVITIES
Capital Expenditures -$11.70M -$5.400M -$7.200M
YoY Change 62.5% -39.33% -21.74%
Acquisitions
YoY Change
Other Investing Activities $200.0K $131.7M -$14.80M
YoY Change -101.35% -488.5% -1950.0%
Cash From Investing Activities -$11.50M $126.3M -$22.00M
YoY Change -47.73% -395.09% 161.9%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 500.0K -165.9M -19.60M
YoY Change -102.55% 1785.23% -18.33%
NET CHANGE
Cash From Operating Activities 16.90M 43.90M 62.40M
Cash From Investing Activities -11.50M 126.3M -22.00M
Cash From Financing Activities 500.0K -165.9M -19.60M
Net Change In Cash 5.900M 4.300M 20.80M
YoY Change -71.63% -64.46% -258.78%
FREE CASH FLOW
Cash From Operating Activities $16.90M $43.90M $62.40M
Capital Expenditures -$11.70M -$5.400M -$7.200M
Free Cash Flow $28.60M $49.30M $69.60M
YoY Change -58.91% -32.09% 144.21%

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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, which operates through its subsidiaries (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 integrated facility solutions, customized by industry, that enable our clients to deliver exceptional facilities experiences. ABM&#8217;s comprehensive capabilities include airport operation support services, commercial cleaning, electrical and lighting maintenance, energy solutions, facilities engineering, HVAC and mechanical maintenance services, landscaping, and parking. We provide custom facility solutions in urban, suburban, and rural areas to properties of all sizes&#8212;from schools and commercial buildings to airports, hospitals, and manufacturing plants.</font></div></div>

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