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

3 Months Ended

Dec. 28, 2012

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule of Consensed Consolidated Balance Sheet

ARAMARK CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEETS

December 28, 2012

(in millions)

	ARAMARK Corporation		Guarantors		Non Guarantors		Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	28.9	$	39.5	$	60.5	$	—		$	128.9
Receivables	4.3		234.5		1,147.6		—			1,386.4
Inventories, at lower of cost or market	15.6		404.3		90.8		—			510.7
Prepayments and other current assets	16.8		119.8		66.7		—			203.3
Total current assets	65.6		798.1		1,365.6		—			2,229.3
Property and Equipment, net	32.8		724.2		212.7		—			969.7
Goodwill	173.1		3,765.4		692.0		—			4,630.5
Investment in and Advances to Subsidiaries	6,960.1		421.0		141.4		(7,522.5		)	—
Other Intangible Assets	39.6		1,267.6		234.3		—			1,541.5
Other Assets	58.6		608.3		297.4		(2.0		)	962.3
	$	7,329.8	$	7,584.6	$	2,943.4	$	(7,524.5	)	$	10,333.3
LIABILITIES AND EQUITY
Current Liabilities:
Current maturities of long-term borrowings	$	—	$	11.1	$	48.3	$	—		$	59.4
Accounts payable	152.2		292.5		268.0		—			712.7
Accrued expenses and other liabilities	195.4		584.5		273.3		0.1			1,053.3
Total current liabilities	347.6		888.1		589.6		0.1			1,825.4
Long-term Borrowings	4,998.2		35.4		658.6		—			5,692.2
Deferred Income Taxes and Other Noncurrent Liabilities	357.3		627.6		193.7		—			1,178.6
Intercompany Payable	—		5,513.3		1,299.0		(6,812.3		)	—
Common Stock Subject to Repurchase and other	156.7		—		10.4		—			167.1
Total Equity	1,470.0		520.2		192.1		(712.3		)	1,470.0
	$	7,329.8	$	7,584.6	$	2,943.4	$	(7,524.5	)	$	10,333.3

ARAMARK CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEETS

September 28, 2012

(in millions)

	ARAMARK Corporation		Guarantors		Non Guarantors		Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	27.4	$	41.6	$	67.7	$	—		$	136.7
Receivables	2.7		221.3		1,092.0		—			1,316.0
Inventories, at lower of cost or market	15.9		405.6		86.9		—			508.4
Prepayments and other current assets	5.2		122.5		72.4		—			200.1
Total current assets	51.2		791.0		1,319.0		—			2,161.2
Property and Equipment, net	33.8		764.1		202.7		—			1,000.6
Goodwill	173.1		3,765.4		791.0		—			4,729.5
Investment in and Advances to Subsidiaries	6,578.2		389.9		139.2		(7,107.3		)	—
Other Intangible Assets	42.0		1,300.0		253.1		—			1,595.1
Other Assets	64.2		602.7		325.0		(2.0		)	989.9
	$	6,942.5	$	7,613.1	$	3,030.0	$	(7,109.3	)	$	10,476.3
LIABILITIES AND EQUITY
Current Liabilities:
Current maturities of long-term borrowings	$	0.7	$	11.3	$	25.5	$	—		$	37.5
Accounts payable	148.6		376.0		348.7		—			873.3
Accrued expenses and other liabilities	146.1		788.8		296.7		0.1			1,231.7
Total current liabilities	295.4		1,176.1		670.9		0.1			2,142.5
Long-term Borrowings	4,586.0		38.3		751.5		—			5,375.8
Deferred Income Taxes and Other Noncurrent Liabilities	355.0		644.2		208.5		—			1,207.7
Intercompany Payable	—		5,301.8		1,072.4		(6,374.2		)	—
Common Stock Subject to Repurchase and other	167.5		—		10.4		—			177.9
Total Equity	1,538.6		452.7		316.3		(735.2		)	1,572.4
	$	6,942.5	$	7,613.1	$	3,030.0	$	(7,109.3	)	$	10,476.3

Schedule of Condensed Consolidated Statement of Income and Comprehensive Income

ARAMARK CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

For the three months ended December 28, 2012

(in millions)

	ARAMARK Corporation			Guarantors			Non Guarantors			Eliminations			Consolidated
Sales	$	257.1		$	2,169.9		$	1,108.9		$	—		$	3,535.9
Costs and Expenses:
Cost of services provided	239.2			1,907.4			1,024.9			—			3,171.5
Depreciation and amortization	5.0			97.0			31.4			—			133.4
Selling and general corporate expenses	18.1			31.4			5.0			—			54.5
Interest and other financing costs	87.8			(0.1		)	11.8			—			99.5
Expense allocations	(86.1		)	81.5			4.6			—			—
	264.0			2,117.2			1,077.7			—			3,458.9
Income (Loss) from Continuing Operations before Income Taxes	(6.9		)	52.7			31.2			—			77.0
Provision (Benefit) for Income Taxes	(4.1		)	17.7			10.8			—			24.4
Equity in Net Income of Subsidiaries	55.4			—			—			(55.4		)	—
Net income	52.6			35.0			20.4			(55.4		)	52.6
Less: Net income attributable to noncontrolling interest	—			—			0.4			—			0.4
Net income attributable to ARAMARK shareholder	$	52.6		$	35.0		$	20.0		$	(55.4	)	$	52.2
Other comprehensive income (loss), net of tax	13.6			—			(6.2		)	(2.7		)	4.7
Comprehensive income attributable to ARAMARK shareholder	$	66.2		$	35.0		$	13.8		$	(58.1	)	$	56.9

ARAMARK CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

For the three months ended December 30, 2011

(in millions)

	ARAMARK Corporation			Guarantors		Non Guarantors			Eliminations			Consolidated
Sales	$	256.7		$	2,079.9	$	1,086.0		$	—		$	3,422.6
Costs and Expenses:
Cost of services provided	244.1			1,831.0		1,000.7			—			3,075.8
Depreciation and amortization	4.9			94.2		32.8			—			131.9
Selling and general corporate expenses	14.0			27.7		6.4			—			48.1
Interest and other financing costs	100.1			—		8.7			—			108.8
Expense allocations	(95.7		)	89.8		5.9			—			—
	267.4			2,042.7		1,054.5			—			3,364.6
Income (Loss) from Continuing Operations before Income Taxes	(10.7		)	37.2		31.5			—			58.0
Provision (benefit) for Income Taxes	(3.5		)	16.0		6.4			—			18.9
Equity in Net Income of Subsidiaries	46.6			—		—			(46.6		)	—
Income from Continuing Operations	39.4			21.2		25.1			(46.6		)	39.1
Income from Discontinued Operations, net of tax	—			0.3		—			—			0.3
Net income	39.4			21.5		25.1			(46.6		)	39.4
Less: Net income attributable to noncontrolling interest	—			—		0.7			—			0.7
Net income attributable to ARAMARK shareholder	$	39.4		$	21.5	$	24.4		$	(46.6	)	$	38.7
Other comprehensive income (loss), net of tax	17.3			—		(8.8		)	1.9			10.4
Comprehensive income attributable to ARAMARK shareholder	$	56.7		$	21.5	$	15.6		$	(44.7	)	$	49.1

Schedule of Condensed Consolidated Cash Flow Statement

ARAMARK CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

For the three months ended December 28, 2012

(in millions)

	ARAMARK Corporation			Guarantors			Non Guarantors			Eliminations			Consolidated
Net cash provided by (used in) operating activities	$	70.2		$	(178.1	)	$	(62.8	)	$	(1.4	)	$	(172.1	)
Cash flows from investing activities:
Purchases of property and equipment and client contract investments and other	(2.0		)	(59.7		)	(13.7		)	—			(75.4		)
Disposals of property and equipment	—			1.6			2.6			—			4.2
Proceeds from divestiture	—			0.1			—			—			0.1
Acquisitions of businesses, net of cash acquired	—			(4.0		)	(7.6		)	—			(11.6		)
Other investing activities	0.1			3.5			0.4			—			4.0
Net cash used in investing activities	(1.9		)	(58.5		)	(18.3		)	—			(78.7		)
Cash flows from financing activities:
Proceeds from long-term borrowings	893.4			—			70.3			—			963.7
Payments of long-term borrowings	(475.6		)	(3.1		)	(180.2		)	—			(658.9		)
Net change in funding under the Receivables Facility	—			—			36.2			—			36.2
Advance to Parent Company	(26.9		)	—			—			—			(26.9		)
Proceeds from issuance of Parent Company common stock	3.2			—			—			—			3.2
Repurchase of Parent Company common stock	(15.6		)	—			—			—			(15.6		)
Distribution in connection with spin-off of Seamless Holdings	(47.3		)	—			—			—			(47.3		)
Other financing activities	(10.5		)	(0.7		)	(0.2		)	—			(11.4		)
Change in intercompany, net	(387.5		)	238.3			147.8			1.4			—
Net cash provided by (used in) financing activities	(66.8		)	234.5			73.9			1.4			243.0
Increase (decrease) in cash and cash equivalents	1.5			(2.1		)	(7.2		)	—			(7.8		)
Cash and cash equivalents, beginning of period	27.4			41.6			67.7			—			136.7
Cash and cash equivalents, end of period	$	28.9		$	39.5		$	60.5		$	—		$	128.9

ARAMARK CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

For the three months ended December 30, 2011

(in millions)

	ARAMARK Corporation			Guarantors			Non Guarantors			Eliminations			Consolidated
Net cash provided by (used in) operating activities	$	33.5		$	(177.1	)	$	37.9		$	(1.4	)	$	(107.1	)
Cash flows from investing activities:
Purchases of property and equipment and client contract investments and other	(2.9		)	(51.3		)	(22.3		)	—			(76.5		)
Disposals of property and equipment	0.4			0.7			1.0			—			2.1
Proceeds from divestitures	—			0.1			4.2			—			4.3
Acquisitions of businesses, net of cash acquired	—			(145.6		)	(12.2		)	—			(157.8		)
Other investing activities	0.4			(0.7		)	0.6			—			0.3
Net cash used in investing activities	(2.1		)	(196.8		)	(28.7		)	—			(227.6		)
Cash flows from financing activities:
Proceeds from long-term borrowings	200.0			—			57.1			—			257.1
Payments of long-term borrowings	(0.2		)	(2.4		)	(7.4		)	—			(10.0		)
Net change in funding under the Receivables Facility	—			—			24.1			—			24.1
Advance to Parent Company	(27.7		)	—			—			—			(27.7		)
Proceeds from issuance of Parent Company common stock	4.5			—			—			—			4.5
Repurchase of Parent Company common stock	(4.0		)	—			—			—			(4.0		)
Other financing activities	1.2			(1.6		)	(0.3		)	—			(0.7		)
Change in intercompany, net	(319.6		)	394.1			(75.9		)	1.4			—
Net cash provided by (used in) financing activities	(145.8		)	390.1			(2.4		)	1.4			243.3
Increase (decrease) in cash and cash equivalents	(114.4		)	16.2			6.8			—			(91.4		)
Cash and cash equivalents, beginning of period	137.4			32.2			43.7			—			213.3
Cash and cash equivalents, end of period	$	23.0		$	48.4		$	50.5		$	—		$	121.9