2011 Form 10-K Financial Statement

#000076889912000010 Filed on February 23, 2012

View on sec.gov

Income Statement

Concept 2011 2010 Q4 2010
Revenue $1.316B $311.9M $1.149B
YoY Change 14.5% 18.95% 12.86%
Cost Of Revenue $969.0M $230.0M $845.9M
YoY Change 14.55% 21.56% 16.3%
Gross Profit $347.0M $81.90M $303.5M
YoY Change 14.37% 12.35% 4.26%
Gross Profit Margin 26.37% 26.26% 26.4%
Selling, General & Admin $282.8M $71.80M $258.7M
YoY Change 9.32% 9.62% -1.32%
% of Gross Profit 81.5% 87.67% 85.26%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.40M $4.600M $16.50M
YoY Change -0.61% 6.98% -2.94%
% of Gross Profit 4.73% 5.62% 5.44%
Operating Expenses $282.8M $76.40M $258.7M
YoY Change 9.32% 9.3% -1.32%
Operating Profit $47.83M $5.500M $28.26M
YoY Change 69.26% 83.33% 138.81%
Interest Expense $1.207M $200.0K $1.515M
YoY Change -20.33% 0.0% 1.61%
% of Operating Profit 2.52% 3.64% 5.36%
Other Income/Expense, Net $1.490M $901.0K
YoY Change 65.37% -60.94%
Pretax Income $49.32M $5.800M $29.16M
YoY Change 69.14% 81.25% 106.22%
Income Tax $18.53M $1.800M $9.323M
% Of Pretax Income 37.57% 31.03% 31.97%
Net Earnings $30.79M $4.000M $19.84M
YoY Change 55.2% 90.48% 125.52%
Net Earnings / Revenue 2.34% 1.28% 1.73%
Basic Earnings Per Share $0.73 $0.46
Diluted Earnings Per Share $0.73 $91.53K $0.46
COMMON SHARES
Basic Shares Outstanding 41.96M shares 43.22M shares
Diluted Shares Outstanding 42.32M shares 43.54M shares

Balance Sheet

Concept 2011 2010 Q4 2010
SHORT-TERM ASSETS
Cash & Short-Term Investments $109.3M $163.2M $163.2M
YoY Change -33.03% 31.19% 31.19%
Cash & Equivalents $109.3M $163.2M $163.2M
Short-Term Investments
Other Short-Term Assets $15.60M $16.80M $16.80M
YoY Change -7.14% -1.75% -1.75%
Inventory
Prepaid Expenses
Receivables $153.9M $108.7M $108.7M
Other Receivables $1.900M $4.900M $4.900M
Total Short-Term Assets $280.6M $293.5M $293.5M
YoY Change -4.4% 18.3% 18.3%
LONG-TERM ASSETS
Property, Plant & Equipment $56.20M $53.96M $54.00M
YoY Change 4.07% -10.52% -10.45%
Goodwill $36.96M
YoY Change
Intangibles $20.53M
YoY Change
Long-Term Investments
YoY Change
Other Assets $156.3M $19.06M $141.5M
YoY Change 10.46% -87.25% -5.35%
Total Long-Term Assets $280.2M $253.0M $253.0M
YoY Change 10.75% -6.31% -6.3%
TOTAL ASSETS
Total Short-Term Assets $280.6M $293.5M $293.5M
Total Long-Term Assets $280.2M $253.0M $253.0M
Total Assets $560.8M $546.5M $546.5M
YoY Change 2.62% 5.48% 5.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $25.90M $18.80M $18.80M
YoY Change 37.77% 4.44% 4.44%
Accrued Expenses $35.30M $24.50M $24.50M
YoY Change 44.08% 12.9% 12.9%
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 $112.3M $85.92M $85.90M
YoY Change 30.73% 1.32% 1.3%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $154.9M $2.909M $147.8M
YoY Change 4.8% -98.03% -0.07%
Total Long-Term Liabilities $154.9M $2.909M $147.8M
YoY Change 4.8% -98.03% -0.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $112.3M $85.92M $85.90M
Total Long-Term Liabilities $154.9M $2.909M $147.8M
Total Liabilities $267.2M $233.8M $233.8M
YoY Change 14.29% 0.46% 0.47%
SHAREHOLDERS EQUITY
Retained Earnings $309.8M
YoY Change
Common Stock $1.000K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $293.6M $312.7M $312.7M
YoY Change
Total Liabilities & Shareholders Equity $560.8M $546.5M $546.5M
YoY Change 2.62% 5.48% 5.48%

Cashflow Statement

Concept 2011 2010 Q4 2010
OPERATING ACTIVITIES
Net Income $30.79M $4.000M $19.84M
YoY Change 55.2% 90.48% 125.52%
Depreciation, Depletion And Amortization $16.40M $4.600M $16.50M
YoY Change -0.61% 6.98% -2.94%
Cash From Operating Activities $30.59M $27.70M $41.97M
YoY Change -27.12% -4.15% 24.9%
INVESTING ACTIVITIES
Capital Expenditures $9.707M -$1.800M $7.050M
YoY Change 37.69% -33.33% -46.4%
Acquisitions $0.00
YoY Change
Other Investing Activities $6.800M -$2.500M $298.0K
YoY Change 2181.88% -213.64% -417.02%
Cash From Investing Activities -$26.94M -$4.200M -$3.403M
YoY Change 691.6% 950.0% -79.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $56.93M $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$57.22M 100.0K -$767.0K
YoY Change 7359.58% 0.0% -36.51%
NET CHANGE
Cash From Operating Activities $30.59M 27.70M $41.97M
Cash From Investing Activities -$26.94M -4.200M -$3.403M
Cash From Financing Activities -$57.22M 100.0K -$767.0K
Net Change In Cash -$53.56M 23.60M $37.80M
YoY Change -241.69% -17.48% 141.57%
FREE CASH FLOW
Cash From Operating Activities $30.59M $27.70M $41.97M
Capital Expenditures $9.707M -$1.800M $7.050M
Free Cash Flow $20.88M $29.50M $34.92M
YoY Change -40.21% -6.65% 70.76%

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CY2010Q4 us-gaap Restricted Cash And Investments Noncurrent
RestrictedCashAndInvestmentsNoncurrent
120067000 USD
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
290935000 USD
CY2010Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
309800000 USD
CY2009 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
1018418000 USD
CY2010 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
1149367000 USD
CY2011 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
1316013000 USD
CY2010 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
258722000 USD
CY2009 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
262182000 USD
CY2011 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
282828000 USD
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
7432000 USD
CY2009 us-gaap Share Based Compensation
ShareBasedCompensation
7066000 USD
CY2010 us-gaap Share Based Compensation
ShareBasedCompensation
7159000 USD
CY2011 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-156000 USD
CY2010 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-354000 USD
CY2009 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-843000 USD
CY2011 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
-56932000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
293579000 USD
CY2010Q4 us-gaap Stockholders Equity
StockholdersEquity
312707000 USD
CY2008Q4 us-gaap Stockholders Equity
StockholdersEquity
270129000 USD
CY2009Q4 us-gaap Stockholders Equity
StockholdersEquity
285432000 USD
CY2009 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43014000 shares
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
42322000 shares
CY2010 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43540000 shares
CY2009 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42842000 shares
CY2010 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43224000 shares
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41961000 shares
CY2010Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
42379000 USD
CY2011Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
43554000 USD
CY2010Q4 us-gaap Workers Compensation Liability Noncurrent
WorkersCompensationLiabilityNoncurrent
144927000 USD
CY2011Q4 us-gaap Workers Compensation Liability Noncurrent
WorkersCompensationLiabilityNoncurrent
148289000 USD
CY2009 tbi Payments For Repurchase Of Common Stock For Employee Tax Withholding Obligations
PaymentsForRepurchaseOfCommonStockForEmployeeTaxWithholdingObligations
880000 USD
CY2011 tbi Payments For Repurchase Of Common Stock For Employee Tax Withholding Obligations
PaymentsForRepurchaseOfCommonStockForEmployeeTaxWithholdingObligations
1776000 USD
CY2010 tbi Payments For Repurchase Of Common Stock For Employee Tax Withholding Obligations
PaymentsForRepurchaseOfCommonStockForEmployeeTaxWithholdingObligations
1568000 USD
CY2011 tbi Proceeds From Maturity Of Restricted Investments
ProceedsFromMaturityOfRestrictedInvestments
9238000 USD
CY2010 tbi Proceeds From Maturity Of Restricted Investments
ProceedsFromMaturityOfRestrictedInvestments
0 USD
CY2009 tbi Proceeds From Maturity Of Restricted Investments
ProceedsFromMaturityOfRestrictedInvestments
0 USD
CY2011 dei Amendment Flag
AmendmentFlag
false
CY2011 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-30
CY2011 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q4
CY2011 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2011
CY2011 dei Document Period End Date
DocumentPeriodEndDate
2011-12-30
CY2011 dei Document Type
DocumentType
10-K
CY2011 dei Entity Central Index Key
EntityCentralIndexKey
0000768899
CY2012Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
39881823 shares
CY2011 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2011 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2011Q3 dei Entity Public Float
EntityPublicFloat
631000000 USD
CY2011 dei Entity Registrant Name
EntityRegistrantName
TrueBlue, Inc.
CY2011 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2011 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2011 dei Trading Symbol
TradingSymbol
TBI

Files In Submission

Name View Source Status
0000768899-12-000010-index-headers.html Edgar Link pending
0000768899-12-000010-index.html Edgar Link pending
0000768899-12-000010.txt Edgar Link pending
0000768899-12-000010-xbrl.zip Edgar Link pending
a201110-k.htm Edgar Link pending
a201110-kex1019.htm Edgar Link pending
a201110-kex1022.htm Edgar Link pending
a201110-kex21.htm Edgar Link pending
a201110-kex231.htm Edgar Link pending
a201110-kex311.htm Edgar Link pending
a201110-kex312.htm Edgar Link pending
a201110-kex321.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
graphpicture.jpg Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
tbi-20111230.xml Edgar Link completed
tbi-20111230.xsd Edgar Link pending
tbi-20111230_cal.xml Edgar Link unprocessable
tbi-20111230_def.xml Edgar Link unprocessable
tbi-20111230_lab.xml Edgar Link unprocessable
tbi-20111230_pre.xml Edgar Link unprocessable