(G&K Services )

(Income Statement )
(Rental Operations )
(Direct Sales )
(Net Revenues )

2002

2003

2004

2005

2006

2007

656,121
681,693
708,708
21,470
23,895
24,739
$677,591 $705,588 $733,447

(403,110) (426,564) (448,131)

(Cost of rental operations )
(15,672)
(17,939)
(18,899)
(Cost of direct sales )
(154,471) (158,034)
(Selling and administrative costs(146,295)
)
(Operating Expenses )
($565,077 ($598,974 ($625,064
(Ebitda )

$112,514 $106,614 $108,383

(29,596)
(Depreciation )
(6,057)
(Amortization of intangibles )
$76,861
(Ebit )

(30,406)
(7,289)
$68,919

(31,417)
(7,929)
$69,037

(13,609)
(Interest Expense )
(Income before income taxes ) $63,252

(13,691)
$55,228

(11,966)
$57,071

(24,985)
$38,267

(21,539)
$33,689

(21,687)
$35,384

(Provision for taxes )

(PAT )
(Basic EPS )
(Basic EPS )

$1.87
$1.85

$1.64
$1.63

$1.71
$1.69

(Basic share )
(Diluted share )

20,505
20,660

20,585
20,691

20,710
20,900

(DPS )

#DIV/0!

#DIV/0!

#DIV/0!

(Payout )
(Dividends )
(Dividend Tax )

(% payout )

38,267

33,689

35,384

2002

2003

2004

2005

2006

2007

(Appropriated )
(Horizontal Analysis )
(Rental Operations )
(% yoy growth )
(Direct Sales )
(Net Revenues )

(Cost of rental operations )

(Cost of direct sales )
(Selling and administrative costs )
(Operating Expenses )

(Ebitda )

(Depreciation )
(Amortization of intangibles )

(Ebit )

(Interest Expense )
(Income before income taxes )

(Provision for taxes )

(PAT )

(Vertical Analysis )
(Rental Operations )
(Direct Sales )
(Net Revenues )
(Cost of rental operations )
(Cost of direct sales )
(Selling and administrative costs )
(Operating Expenses )
(Ebitda )
(Depreciation )
(Amortization of intangibles )
(Ebit )

2002

2003

2004

2005

2006

2007

(Interest Expense )
(Income before income taxes )
(Provision for taxes )
(PAT )

(G&K Services )
(Net Revenues )
(Operating Expenses )

2002

2003

2004

2005

2006

2007

2002

2003

2004

2005

2006

2007

(PAT )
(Trend Analysis )
(Net Revenues )
(Operating Expenses )
(PAT )

Trend Analysis

160%
150%
140%
130%
120%
110%
100%
90%
80%
70%
60%
2002

Net Revenues

2003

Operating Expense

2004

2005

Net Income

2006

2007

(G&K Services Balance Sheet )

(Assets )
(Cash and cash equivalent )
(Accounts receivables )
(Inventories )
(Prepaid expenses )
(Current income taxes receivables )
(Total current assets )
(Property plant and equipment )
(Land )
(Building and improvements )
(Machinery and Equip )
(Automobiles and trucks )
(Less Accumulated dep )
(Total property, plant and equipment )

2002
9,986
66,555
91,733
17,536
$185,810

32,451
120,422
237,898
39,446
(199,687)
$230,530

(Other Assets )
(Goodwill, net )
200,140
(Customer contracts and non-operating agreements ) 45,351
(Other, principally retirement plan assets )
19,868

2003
11,504
69,839
95,853
14,848
-

2004
26,931
71,058
94,476
14,902
-

2005
15,345
83,459
121,120
16,587
-

$192,044 $207,367 $236,511

35,543
133,078
258,319
39,888
(216,071)

35,789
140,290
257,266
39,300
(232,036)

35,650
141,205
273,044
38,948
(245,540)

$250,757 $240,609 $243,307

266,140
49,600
20,265

285,892
44,960
23,919

338,701
57,790
26,860

(Total other assets )

$265,359

$336,005 $354,771 $423,351

(Total Assets )

$681,699

$778,806 $802,747 $903,169

(Liabilities and Stockholder's Equity )

(Current Liabilities )
(Account payable )
(Accrued expenses )
(Salaries and employee benefits )
(Other )
(Current income taxes payable )
(Deferred income taxes )
(Current maturities of long term debt )
(Total current liabilities )

2002

2003

2004

2005

17,361

20,228

20,511

25,695

29,398
22,628
11,157
9,443

35,107
27,220
9,941
14,430

32,953
32,743
10,774
7,395
24,018

29,601
35,259
6,623
8,971
26,537

$89,987

$106,926 $128,394 $132,686

(Long term Debt, net of current maturities )

(Deferred Income taxes )
(Other Non-current liabilities )

214,977
21,570
15,007

236,731
32,185
22,695

184,305
38,256
26,369

210,462
32,580
47,691

(Stockholder's equity )
(Common stock )
(Additional paid-in capital )
(Retained earnings )
(Accumulated other comprehensive income )

10,354
31,120
315,794
(17,110)

10,365
31,768
348,028
(9,892)

10,454
37,370
381,953
(4,354)

10,557
61,460
405,841
1,892

(Total stockholder's equity )

$340,158

$380,269 $425,423 $479,750

(Total liabilities and stockholder's equity )

$681,699

$778,806 $802,747 $903,169

(Vertical Analysis )
(Assets )
(Cash and cash equivalent )
(Accounts receivables )
(Inventories )
(Prepaid expenses )
(Current income taxes receivables )

2002

2003

2004

2005

2002

2003

2004

2005

(Total current assets )

(Property plant and equipment )
(Land )
(Building and improvements )
(Machinery and Equip )
(Automobiles and trucks )
(Less Accumulated dep )
(Total property, plant and equipment )
(Other Assets )
(Goodwill, net )
(Customer contracts and non-operating agreements )
(Other, principally retirement plan assets )
(Total other assets )
(Total Assets )
(Liabilities and Stockholder's Equity )
(Current Liabilities )
(Account payable )
(Accrued expenses )
(Salaries and employee benefits )
(Other )
(Current income taxes payable )
(Deferred income taxes )
(Current maturities of long term debt )
(Total current liabilities )
(Long term Debt, net of current maturities )
(Deferred Income taxes )
(Other Non-current liabilities )
(Stockholder's equity )
(Common stock )
(Additional paid-in capital )
(Retained earnings )

(Accumulated other comprehensive income )

(Total stockholder's equity )
(Total liabilities and stockholder's equity )
(Solvency Ratios )
(Current ratio )
(Quick ratio )
(Cash ratio )

2002

2003

2004

2005

2002

2003

2004

2005

2002

2003

2004

2005

(Receivables turnover )
(Inventory turnover )
(Payables turnover )
(Average receivables collection period )
(Average inventory processing period )
(Average payment period )
(Cash Collection Cycle )
(Operating Efficiency )
(Total asset turnover )
(Net fixed asset turnover )
(Equity turnover )
(Operating Profitability )
(Gross Profit Margin )
(Operating Profit Margin )
(Net Profit Margin )
(Return on total capital )
(Return on total equity )
(ROE (Net Income / Total Equity) )
(ROE DuPont Analysis )
(Profit Margin )
(Asset Turnover )
(Financial Leverage )
(ROE )
(ROE Extended DuPont Analysis )
(Operating profit margin )
(Asset turnover )
(Interest expense rate )
(Financial leverage )
(Tax retention rate )
(ROE )

(Financial Risk Ratios )

(Debt to equity ratio )
(Debt ratio )
(Interest coverage ratio )

2002

2003

2004

2005

2006

2007

2006

2007

2006

2007

2006

2007

2006

2007

2006

2007

2006

2007

2006

2007