Condensed Consolidating Financial Statements Of ARAMARK Corporation And Subsidiaries (Tables)

9 Months Ended

Jun. 29, 2012

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule of Consensed Consolidated Balance Sheet

ARAMARK CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEETS

June 29, 2012

(in millions)

	ARAMARK Corporation		Guarantors		Non Guarantors		Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	18.5	$	46.4	$	36.1	$	—		$	101.0
Receivables	3.6		259.0		1,027.4		—			1,290.0
Inventories, at lower of cost or market	15.9		392.6		82.2		—			490.7
Prepayments and other current assets	15.0		113.2		75.4		—			203.6
Assets held for sale	—		2.8		—		—			2.8
Total current assets	53.0		814.0		1,221.1		—			2,088.1
Property and Equipment, net	36.8		751.4		215.8		—			1,004.0
Goodwill	173.1		3,766.2		758.6		—			4,697.9
Investment in and Advances to Subsidiaries	6,854.3		460.0		179.8		(7,494.1		)	—
Other Intangible Assets	44.3		1,335.4		268.7		—			1,648.4
Other Assets	66.5		563.5		352.5		(2.0		)	980.5
	$	7,228.0	$	7,690.5	$	2,996.5	$	(7,496.1	)	$	10,418.9
LIABILITIES AND EQUITY
Current Liabilities:
Current maturities of long-term borrowings	$	0.7	$	11.3	$	43.9	$	—		$	55.9
Accounts payable	135.7		270.8		281.3		—			687.8
Accrued expenses and other liabilities	171.3		621.4		255.9		0.1			1,048.7
Total current liabilities	307.7		903.5		581.1		0.1			1,792.4
Long-term Borrowings	4,910.6		31.7		783.8		—			5,726.1
Deferred Income Taxes and Other Noncurrent Liabilities	351.8		676.0		181.8		—			1,209.6
Intercompany Payable	—		5,665.7		1,019.1		(6,684.8		)	—
Common Stock Subject to Repurchase	171.4		—		—		—			171.4
Total Equity	1,486.5		413.6		430.7		(811.4		)	1,519.4
	$	7,228.0	$	7,690.5	$	2,996.5	$	(7,496.1	)	$	10,418.9

ARAMARK CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEETS

September 30, 2011

(in millions)

	ARAMARK Corporation		Guarantors		Non Guarantors		Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	137.4	$	32.2	$	43.7	$	—		$	213.3
Receivables	3.1		241.9		1,007.3		—			1,252.3
Inventories, at lower of cost or market	16.1		356.6		78.1		—			450.8
Prepayments and other current assets	31.9		118.5		61.2		—			211.6
Assets held for sale	—		2.8		—		—			2.8
Total current assets	188.5		752.0		1,190.3		—			2,130.8
Property and Equipment, net	38.3		751.6		214.8		—			1,004.7
Goodwill	173.1		3,766.1		701.4		—			4,640.6
Investment in and Advances to Subsidiaries	6,609.0		250.7		180.9		(7,040.6		)	—
Other Intangible Assets	51.4		1,442.7		254.3		—			1,748.4
Other Assets	75.5		554.5		357.0		(2.0		)	985.0
	$	7,135.8	$	7,517.6	$	2,898.7	$	(7,042.6	)	$	10,509.5
LIABILITIES AND EQUITY
Current Liabilities:
Current maturities of long-term borrowings	$	0.7	$	10.0	$	38.3	$	—		$	49.0
Accounts payable	132.9		335.1		307.4		—			775.4
Accrued expenses and other liabilities	218.2		770.0		238.3		0.1			1,226.6
Total current liabilities	351.8		1,115.1		584.0		0.1			2,051.0
Long-term Borrowings	4,833.7		34.7		720.2		—			5,588.6
Deferred Income Taxes and Other Noncurrent Liabilities	347.0		695.7		192.1		—			1,234.8
Intercompany Payable	—		5,352.7		1,158.7		(6,511.4		)	—
Common Stock Subject to Repurchase	158.1		—		—		—			158.1
Total Equity	1,445.2		319.4		243.7		(531.3		)	1,477.0
	$	7,135.8	$	7,517.6	$	2,898.7	$	(7,042.6	)	$	10,509.5

Schedule of Condensed Consolidated Statement of Operations

ARAMARK CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

For the three months ended June 29, 2012

(in millions)

	ARAMARK Corporation			Guarantors			Non Guarantors		Eliminations			Consolidated
Sales	$	265.1		$	2,018.9		$	1,052.1	$	—		$	3,336.1
Costs and Expenses:
Cost of services provided	251.8			1,807.7			977.0		—			3,036.5
Depreciation and amortization	4.8			95.4			32.2		—			132.4
Selling and general corporate expenses	14.1			31.7			6.1		—			51.9
Interest and other financing costs	79.2			(0.1		)	8.7		—			87.8
Expense allocations	(76.7		)	72.9			3.8		—			—
	273.2			2,007.6			1,027.8		—			3,308.6
Income (Loss) from Continuing Operations before Income Taxes	(8.1		)	11.3			24.3		—			27.5
Provision (Benefit) for Income Taxes	(3.9		)	3.0			5.2		—			4.3
Equity in Net Income of Subsidiaries	27.4			—			—		(27.4		)	—
Income (loss) from Continuing Operations	23.2			8.3			19.1		(27.4		)	23.2
Income from Discontinued Operations, net of tax	—			—			—		—			—
Net income (loss)	23.2			8.3			19.1		(27.4		)	23.2
Less: Net income attributable to noncontrolling interest	—			—			0.6		—			0.6
Net income (loss) attributable to ARAMARK shareholder	$	23.2		$	8.3		$	18.5	$	(27.4	)	$	22.6

ARAMARK CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

For the nine months ended June 29, 2012

(in millions)

	ARAMARK Corporation			Guarantors			Non Guarantors		Eliminations			Consolidated
Sales	$	775.3		$	6,111.9		$	3,217.1	$	—		$	10,104.3
Costs and Expenses:
Cost of services provided	732.5			5,442.0			2,966.4		—			9,140.9
Depreciation and amortization	14.4			284.6			97.0		—			396.0
Selling and general corporate expenses	43.0			89.5			19.0		—			151.5
Interest and other financing costs	287.5			(0.3		)	28.0		—			315.2
Expense allocations	(274.9		)	259.3			15.6		—			—
	802.5			6,075.1			3,126.0		—			10,003.6
Income (Loss) from Continuing Operations before Income Taxes	(27.2		)	36.8			91.1		—			100.7
Provision (Benefit) for Income Taxes	(9.9		)	11.0			26.3		—			27.4
Equity in Net Income of Subsidiaries	90.9			—			—		(90.9		)	—
Income from Continuing Operations	73.6			25.8			64.8		(90.9		)	73.3
Income from Discontinued Operations, net of tax	—			0.3			—		—			0.3
Net income	73.6			26.1			64.8		(90.9		)	73.6
Less: Net income attributable to noncontrolling interest	—			—			2.5		—			2.5
Net income attributable to ARAMARK shareholder	$	73.6		$	26.1		$	62.3	$	(90.9	)	$	71.1

ARAMARK CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

For the three months ended July 1, 2011

(in millions)

	ARAMARK Corporation			Guarantors			Non Guarantors		Eliminations			Consolidated
Sales	$	262.9		$	1,987.7		$	1,035.1	$	—		$	3,285.7
Costs and Expenses:
Cost of services provided	250.1			1,787.2			961.2		—			2,998.5
Depreciation and amortization	5.0			94.7			29.0		—			128.7
Selling and general corporate expenses	15.4			27.4			5.9		—			48.7
Interest and other financing costs	105.0			—			8.3		—			113.3
Expense allocations	(105.0		)	94.4			10.6		—			—
	270.5			2,003.7			1,015.0		—			3,289.2
Income (loss) from Continuing Operations before Income Taxes	(7.6		)	(16.0		)	20.1		—			(3.5		)
Provision (benefit) for Income Taxes	(2.0		)	(4.9		)	3.2		—			(3.7		)
Equity in Net Income of Subsidiaries	5.1			—			—		(5.1		)	—
Income (loss) from Continuing Operations	(0.5		)	(11.1		)	16.9		(5.1		)	0.2
Loss from Discontinued Operations, net of tax	—			(0.3		)	—		—			(0.3		)
Net income (loss)	(0.5		)	(11.4		)	16.9		(5.1		)	(0.1		)
Less: Net income attributable to noncontrolling interest	—			—			0.4		—			0.4
Net income attributable to ARAMARK shareholder	$	(0.5	)	$	(11.4	)	$	16.5	$	(5.1	)	$	(0.5	)

ARAMARK CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

For the nine months ended July 1, 2011

(in millions)

	ARAMARK Corporation			Guarantors		Non Guarantors		Eliminations			Consolidated
Sales	$	764.1		$	6,019.2	$	3,007.2	$	—		$	9,790.5
Costs and Expenses:
Cost of services provided	716.7			5,364.5		2,791.7		—			8,872.9
Depreciation and amortization	15.1			286.3		81.1		—			382.5
Selling and general corporate expenses	41.1			80.6		17.4		—			139.1
Interest and other financing costs	306.7			0.2		8.3		—			315.2
Expense allocations	(304.1		)	282.6		21.5		—			—
	775.5			6,014.2		2,920.0		—			9,709.7
Income (loss) from Continuing Operations before Income Taxes	(11.4		)	5.0		87.2		—			80.8
Provision (benefit) for Income Taxes	(3.1		)	0.6		24.6		—			22.1
Equity in Net Income of Subsidiaries	66.6			—		—		(66.6		)	—
Income from Continuing Operations	58.3			4.4		62.6		(66.6		)	58.7
Income from Discontinued Operations, net of tax	—			—		—		—			—
Net income	58.3			4.4		62.6		(66.6		)	58.7
Less: Net income attributable to noncontrolling interest	—			—		0.4		—			0.4
Net income attributable to ARAMARK shareholder	$	58.3		$	4.4	$	62.2	$	(66.6	)	$	58.3

Schedule of Condensed Consolidated Cash Flow Statement

ARAMARK CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

For the nine months ended June 29, 2012

(in millions)

	ARAMARK Corporation			Guarantors			Non Guarantors			Eliminations			Consolidated
Net cash provided by operating activities	$	56.2		$	34.0		$	105.6		$	(5.4	)	$	190.4
Cash flows from investing activities:
Purchases of property and equipment and client contract investments and other	(9.5		)	(154.6		)	(62.6		)	—			(226.7		)
Disposals of property and equipment	0.9			3.0			4.2			—			8.1
Proceeds from divestiture	—			0.3			4.2			—			4.5
Acquisitions of businesses, net of cash acquired	—			(138.7		)	(12.6		)	—			(151.3		)
Other investing activities	1.0			(1.0		)	2.1			—			2.1
Net cash used in investing activities	(7.6		)	(291.0		)	(64.7		)	—			(363.3		)
Cash flows from financing activities:
Proceeds from long-term borrowings	326.0			(0.3		)	66.1			—			391.8
Payments of long-term borrowings	(250.5		)	(8.9		)	(19.7		)	—			(279.1		)
Net change in funding under the Receivables Facility	—			—			27.4			—			27.4
Advance to Parent Company	(53.7		)	—			—			—			(53.7		)
Proceeds from issuance of Parent Company common stock	5.8			—			—			—			5.8
Repurchase of Parent Company common stock	(20.8		)	—			—			—			(20.8		)
Other financing activities	(6.8		)	(2.9		)	(1.1		)	—			(10.8		)
Change in intercompany, net	(167.5		)	297.7			(135.6		)	5.4			—
Net cash provided by (used in) financing activities	(167.5		)	285.6			(62.9		)	5.4			60.6
Increase (decrease) in cash and cash equivalents	(118.9		)	28.6			(22.0		)	—			(112.3		)
Cash and cash equivalents, beginning of period	137.4			32.2			43.7			—			213.3
Cash and cash equivalents, end of period	$	18.5		$	60.8		$	21.7		$	—		$	101.0

ARAMARK CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

For the nine months ended July 1, 2011

(in millions)

	ARAMARK Corporation			Guarantors			Non Guarantors			Eliminations			Consolidated
Net cash provided by (used in) operating activities	$	67.3		$	35.6		$	(144.3	)	$	(5.1	)	$	(46.5	)
Cash flows from investing activities:
Purchases of property and equipment and client contract investments and other	(7.6		)	(139.0		)	(45.4		)	—			(192.0		)
Disposals of property and equipment	0.9			7.2			4.3			—			12.4
Proceeds from divestitures	—			—			7.7			—			7.7
Acquisitions of businesses, net of cash acquired	—			(156.9		)	—			—			(156.9		)
Other investing activities	0.6			(12.2		)	(1.3		)	—			(12.9		)
Net cash used in investing activities	(6.1		)	(300.9		)	(34.7		)	—			(341.7		)
Cash flows from financing activities:
Proceeds from long-term borrowings	214.3			0.1			29.3			—			243.7
Payments of long-term borrowings	(5.5		)	(10.0		)	(11.7		)	—			(27.2		)
Net change in funding under the Receivables Facility	—			—			210.8			—			210.8
Dividends paid to Parent Company	(132.7		)	—			—			—			(132.7		)
Net proceeds from sale of subsidiary shares to noncontrolling interest	48.4			—			—			—			48.4
Proceeds from issuance of Parent Company common stock	4.0			—			—			—			4.0
Repurchase of Parent Company common stock	(15.1		)	—			—			—			(15.1		)
Other financing activities	(7.0		)	(2.7		)	—			—			(9.7		)
Change in intercompany, net	(223.6		)	279.3			(60.8		)	5.1			—
Net cash provided by (used in) financing activities	(117.2		)	266.7			167.6			5.1			322.2
Increase (decrease) in cash and cash equivalents	(56.0		)	1.4			(11.4		)	—			(66.0		)
Cash and cash equivalents, beginning of period	79.4			33.0			48.5			—			160.9
Cash and cash equivalents, end of period	23.4			34.4			37.1			—			94.9
Less: Cash and cash equivalents included in assets held for sale	—			0.7			—			—			0.7
Cash and cash equivalents, end of period	$	23.4		$	33.7		$	37.1		$	—		$	94.2