← TrueBlue, Inc.
| Annual Trend | FY 2015 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | $29.8m | $28.8m | $47.0m | $37.6m | $62.5m | $49.9m | $72.1m | $61.9m | $22.5m | $24.5m | |
| Prepaid Expense and Other Assets, Current | $23.6m | $20.6m | $22.1m | $30.7m | $26.1m | $31.6m | $32.5m | $28.9m | $31.8m | $31.0m | |
| Accounts Receivable | — | — | — | — | — | — | $314.3m | $252.5m | $214.7m | $241.2m | |
| Allowance For Doubtful Accounts Receivable | — | — | — | — | — | — | ($3.2m) | ($2.0m) | ($1.0m) | ($2.2m) | |
| Cash And Cash Equivalents | — | — | — | — | — | — | $72.1m | $61.9m | $22.5m | $24.5m | |
| Cash Cash Equivalents And Short Term Investments | — | — | — | — | — | — | $72.1m | $61.9m | $22.5m | $24.5m | |
| Gross Accounts Receivable | — | — | — | — | — | — | $317.5m | $254.5m | $215.7m | $243.4m | |
| Other Current Assets | — | — | — | — | — | — | $13.1m | $6.3m | $5.2m | $4.7m | |
| Prepaid Assets | — | — | — | — | — | — | $19.4m | $17.8m | $14.8m | $14.5m | |
| Taxes Receivable | — | — | — | — | — | — | $11.4m | $11.7m | $8.1m | $879k | |
| Cash and cash equivalents | $29.8m | $35.0m | $47.0m | $37.6m | $62.5m | $49.9m | $72.1m | $61.9m | $22.5m | $24.5m | |
| Accounts receivable, net of allowance of $2,190 and $1,009, respectively | $461.5m | $352.6m | $355.4m | $342.3m | $278.3m | $353.9m | $314.3m | $252.5m | $214.7m | $241.2m | |
| Prepaid expenses and other current assets | $23.6m | $21.4m | $22.1m | $30.7m | $26.1m | $31.6m | $32.5m | $28.9m | $31.8m | $31.0m | |
| Income tax receivable | $28.2m | $18.9m | $5.3m | $11.1m | $11.9m | $9.7m | $11.4m | $11.7m | $8.1m | $879k | |
| Restricted cash, cash equivalents and investments | $188.4m | $231.2m | $235.4m | $230.9m | $240.5m | $221.0m | $213.7m | $193.0m | $179.9m | $136.6m | |
| Workers’ compensation claims receivable, net | — | $45.0m | $44.9m | $44.6m | $52.9m | $61.4m | $75.2m | $53.8m | $38.3m | $25.7m | |
| Assets, Current | $543.0m | $428.3m | $429.8m | $421.7m | $378.9m | $445.1m | $430.2m | $355.0m | $277.1m | $297.6m | |
| Total current assets | $550.4m | $427.8m | $429.8m | $421.7m | $378.9m | $445.1m | $430.2m | $355.0m | $277.1m | $297.6m | |
| Property, Plant and Equipment, Net | $57.5m | $60.2m | $57.7m | $66.2m | $71.7m | $88.1m | $95.8m | $104.9m | $89.6m | $73.1m | |
| Goodwill | $268.5m | $226.7m | $237.3m | $237.5m | $94.9m | $94.5m | $93.8m | $84.1m | $24.5m | $42.5m | |
| Intangible Assets, Net (Excluding Goodwill) | $153.9m | $104.6m | $91.4m | $73.7m | $28.9m | $22.2m | $16.2m | $10.5m | $5.9m | $18.1m | |
| Goodwill And Other Intangible Assets | — | — | — | — | — | — | $110.0m | $94.6m | $30.4m | $60.6m | |
| Other Intangible Assets | — | — | — | — | — | — | $16.2m | $10.5m | $5.9m | $18.1m | |
| Intangible assets, net | $153.9m | $125.7m | $91.4m | $73.7m | $28.9m | $22.2m | $16.2m | $10.5m | $5.9m | $18.1m | |
| Operating Lease, Right-of-Use Asset | — | — | $0 | $41.1m | $65.9m | $55.2m | $50.8m | $49.8m | $47.3m | $34.0m | |
| Other Assets, Noncurrent | $48.2m | $46.3m | $13.9m | $17.2m | $16.7m | $16.4m | $17.8m | $12.7m | $11.8m | $9.7m | |
| Operating lease right-of-use assets, net | — | — | $0 | $41.1m | $65.9m | $55.2m | $50.8m | $49.8m | $47.3m | $34.0m | |
| Other assets, net | $48.2m | $50.8m | $13.9m | $17.2m | $16.7m | $16.4m | $17.8m | $12.7m | $11.8m | $9.7m | |
| Additional Financial Items | |||||||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | $461.5m | $374.3m | $355.4m | $342.3m | $278.3m | $353.9m | $314.3m | $252.5m | $214.7m | $241.2m | |
| Accumulated Depreciation | — | — | — | — | — | — | ($184.4m) | ($184.5m) | ($192.8m) | ($211.8m) | |
| Assets Held For Sale Current | — | — | — | — | — | — | $0 | $4.8m | $11.8m | $11.8m | |
| Available For Sale Securities | — | — | — | — | — | — | $26.5m | $32.9m | $41.8m | $46.5m | |
| Capital Lease Obligations | — | — | — | — | — | — | $62.6m | $61.3m | $58.9m | $58.0m | |
| Construction In Progress | — | — | — | — | — | — | $32.0m | $2.7m | $838k | $1.0m | |
| Current Accrued Expenses | — | — | — | — | — | — | $92.2m | $80.1m | $61.4m | $61.7m | |
| Current Capital Lease Obligation | — | — | — | — | — | — | $12.0m | $11.9m | $11.1m | $11.2m | |
| Current Debt And Capital Lease Obligation | — | — | — | — | — | — | $12.0m | $11.9m | $11.1m | $11.2m | |
| Current Deferred Liabilities | — | — | — | — | — | — | $3.8m | $1.8m | $1.7m | — | |
| Employee Benefits | — | — | — | — | — | — | $201.0m | $151.6m | $105.1m | $72.6m | |
| Gross PPE | — | — | — | — | — | — | $331.0m | $339.2m | $329.7m | $318.9m | |
| Held To Maturity Securities | — | — | — | — | — | $135.4m | $123.7m | $122.7m | $99.5m | — | |
| Income Tax Payable | — | — | — | — | — | — | $1.1m | $439k | $315k | $1.0m | |
| Invested Capital | — | — | — | — | — | — | $496.3m | $457.9m | $323.0m | $340.4m | |
| Investmentin Financial Assets | — | — | — | — | — | — | $26.5m | $32.9m | $41.8m | $46.5m | |
| Investments And Advances | — | — | — | — | — | — | $26.5m | $32.9m | $41.8m | $46.5m | |
| Long Term Capital Lease Obligation | — | — | — | — | — | — | $50.6m | $49.4m | $47.8m | $46.8m | |
| Machinery Furniture Equipment | — | — | — | — | — | — | $198.9m | $239.9m | $258.0m | $260.3m | |
| Net PPE | — | — | — | — | — | — | $146.6m | $154.7m | $136.9m | $107.2m | |
| Net Tangible Assets | — | — | — | — | — | — | $386.3m | $363.2m | $285.0m | $214.0m | |
| Non Current Accounts Receivable | — | — | — | — | — | — | $75.2m | $53.8m | $38.3m | $25.7m | |
| Non Current Deferred Assets | — | — | — | — | — | — | $25.8m | $35.5m | $886k | $1.3m | |
| Non Current Deferred Liabilities | — | — | — | — | — | — | $26.2m | $35.2m | $38.1m | $39.5m | |
| Non Current Deferred Taxes Assets | — | — | — | — | — | — | $25.8m | $35.5m | $886k | $1.3m | |
| Ordinary Shares Number | — | — | — | — | — | — | $32.7m | $31.2m | $29.6m | $30.0m | |
| Other Current Liabilities | — | — | — | — | — | — | $7.1m | $8.5m | $7.0m | $4.2m | |
| Other Equity Adjustments | — | — | — | — | — | — | ($20.0m) | ($20.7m) | ($22.2m) | ($21.6m) | |
| Other Non Current Assets | — | — | — | — | — | — | $205.1m | $172.8m | $149.9m | $99.8m | |
| Other Non Current Liabilities | — | — | — | — | — | — | $2.4m | $1.1m | $1.3m | $899k | |
| Other Properties | — | — | — | — | — | — | $50.8m | $49.8m | $47.3m | $34.0m | |
| Properties | — | — | — | — | — | — | $49.4m | $46.8m | $23.5m | $23.6m | |
| Share Issued | — | — | — | — | — | — | $32.7m | $31.2m | $29.6m | $30.0m | |
| Tangible Book Value | — | — | — | — | — | — | $386.3m | $363.2m | $285.0m | $214.0m | |
| Working Capital | — | — | — | — | — | — | $187.3m | $150.9m | $117.0m | $159.1m | |
| Deferred income taxes, net | $26.9m | $0 | $4.4m | $3.2m | $30.0m | $29.3m | $25.8m | $35.5m | $886k | $1.3m | |
| Income tax payable | — | — | — | — | — | $0 | $1.1m | $439k | $315k | $1.0m | |
| Current portion of workers’ compensation claims reserve | $69.3m | $79.1m | $76.4m | $73.0m | $66.0m | $61.6m | $50.0m | $44.9m | $34.7m | $24.2m | |
| Current operating lease liabilities | — | — | $0 | $14.4m | $13.9m | $12.1m | $12.0m | $11.9m | $11.1m | $11.2m | |
| Other current liabilities | $2.9m | $3.9m | $2.2m | $7.4m | $4.2m | $7.5m | $10.9m | $10.4m | $7.0m | $4.2m | |
| Workers’ compensation claims reserve, less current portion | $197.0m | $198.2m | $190.0m | $182.6m | $189.5m | $194.6m | $201.0m | $151.6m | $105.1m | $72.6m | |
| Long-term deferred compensation liabilities | — | $21.9m | $21.7m | $26.8m | $26.4m | $28.8m | $26.2m | $35.2m | $38.1m | $39.5m | |
| Long-term operating lease liabilities | — | — | $0 | $28.8m | $54.8m | $54.9m | $50.6m | $49.4m | $47.8m | $46.8m | |
| Total Capitalization | — | — | — | — | — | — | $496.3m | $457.9m | $323.0m | $340.4m | |
| Total Debt | — | — | — | — | — | — | $62.6m | $61.3m | $66.5m | $123.8m | |
| Total Non Current Assets | — | — | — | — | — | — | $589.2m | $544.4m | $398.3m | $341.1m | |
| Total Tax Payable | — | — | — | — | — | — | $1.1m | $439k | $315k | $1.0m | |
| Total shareholders’ equity | $535.6m | $525.2m | $591.4m | $626.0m | $437.2m | $493.1m | $496.3m | $457.9m | $315.4m | $274.6m | |
| Assets | $1.3b | $1.1b | $1.1b | $1.1b | $980.6m | $1.0b | $1.0b | $899.4m | $675.4m | $638.7m | |
| Total Assets | $1.3b | $1.1b | $1.1b | $1.1b | $980.6m | $1.0b | $1.0b | $899.4m | $675.4m | $638.7m | |
| Total assets | $1.3b | $1.1b | $1.1b | $1.1b | $980.6m | $1.0b | $1.0b | $899.4m | $675.4m | $638.7m | |
| LIABILITIES AND EQUITY | |||||||||||
| Current liabilities: | |||||||||||
| Operating Lease, Liability, Current | — | — | $0 | $14.4m | $13.9m | $12.1m | $12.0m | $11.9m | $11.1m | $11.2m | |
| Operating Lease, Liability, Noncurrent | — | — | — | $28.8m | $54.8m | $54.9m | $50.6m | $49.4m | $47.8m | $46.8m | |
| Long-term Debt, Excluding Current Maturities | $243.4m | $116.5m | $80.0m | $37.1m | $0 | — | — | $0 | $7.6m | $65.8m | |
| Accounts Payable | — | — | — | — | — | — | $76.6m | $56.4m | $45.6m | $36.1m | |
| Current Deferred Revenue | — | — | — | — | — | — | $3.8m | $1.8m | $1.7m | — | |
| Payables And Accrued Expenses | — | — | — | — | — | — | $170.0m | $137.0m | $107.3m | $98.9m | |
| Accounts payable and other accrued expenses | $69.7m | $66.8m | $69.8m | $68.4m | $62.2m | $77.2m | $76.6m | $56.4m | $45.6m | $36.1m | |
| Accrued wages and benefits | $86.1m | $79.8m | $77.1m | $67.6m | $122.7m | $100.2m | $92.2m | $80.1m | $61.4m | $61.7m | |
| Liabilities, Current | $228.0m | $212.4m | $225.5m | $230.8m | $269.0m | $258.5m | $242.9m | $204.1m | $160.1m | $138.5m | |
| Total current liabilities | $228.0m | $251.1m | $225.5m | $230.8m | $269.0m | $258.5m | $242.9m | $204.1m | $160.1m | $138.5m | |
| Other Liabilities, Noncurrent | $36.0m | $6.3m | $6.1m | $4.1m | $3.8m | $3.3m | $2.4m | $1.1m | $1.3m | $899k | |
| Defined Pension Benefit | — | — | — | — | — | $32.3m | $26.5m | $32.9m | — | — | |
| Long Term Debt And Capital Lease Obligation | — | — | — | — | — | — | $50.6m | $49.4m | $55.4m | $112.6m | |
| Pensionand Other Post Retirement Benefit Plans Current | — | — | — | — | — | — | $50.0m | $44.9m | $34.7m | $24.2m | |
| Other long-term liabilities | $36.0m | $20.5m | $6.1m | $4.1m | $3.8m | $3.3m | $2.4m | $1.1m | $1.3m | $899k | |
| Deferred Tax Liabilities, Net | $19.5m | — | — | — | — | — | — | — | — | — | |
| Liabilities | $723.9m | $554.2m | $523.4m | $510.2m | $543.4m | $540.2m | $523.1m | $441.5m | $360.0m | $364.1m | |
| Total Liabilities Net Minority Interest | $731.3m | $605.3m | $523.4m | $510.2m | $543.4m | $540.2m | $523.1m | $441.5m | $360.0m | $364.1m | |
| Total liabilities | $731.3m | $605.3m | $523.4m | $510.2m | $543.4m | $540.2m | $523.1m | $441.5m | $360.0m | $364.1m | |
| Stockholders’ equity: | |||||||||||
| Preferred Stock, Value, Issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Retained Earnings (Accumulated Deficit) | $549.6m | $561.6m | $606.1m | $639.2m | $452.0m | $508.8m | $516.3m | $478.6m | $337.6m | $296.2m | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | ($14.0m) | ($6.8m) | ($14.6m) | ($13.2m) | ($14.8m) | ($15.7m) | ($20.0m) | ($20.7m) | ($22.2m) | ($21.6m) | |
| Common Stock Equity | — | — | — | — | — | — | $496.3m | $457.9m | $315.4m | $274.6m | |
| Capital Stock | — | — | — | — | — | — | $1k | $1k | $1k | $1k | |
| Common Stock | — | — | — | — | — | — | $1k | $1k | $1k | $1k | |
| Gains Losses Not Affecting Retained Earnings | — | — | — | — | — | — | ($20.0m) | ($20.7m) | ($22.2m) | ($21.6m) | |
| Preferred Stock | — | — | — | — | — | — | $0 | $0 | $0 | $0 | |
| Preferred stock, $0.131 par value, 20,000,000 shares authorized; No shares issued and outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Common stock, no par value, 100,000,000 shares authorized; 29,986,762 and 29,588,363 shares issued and outstanding | 1k | 1k | 1k | 1k | 1k | 1k | 1k | 1k | 1k | 1k | |
| Accumulated other comprehensive loss | ($14.0m) | ($11.4m) | ($14.6m) | ($13.2m) | ($14.8m) | ($15.7m) | ($20.0m) | ($20.7m) | ($22.2m) | ($21.6m) | |
| Stockholders' Equity Attributable to Parent | $535.6m | $554.8m | $591.4m | $626.0m | $437.2m | $493.1m | $496.3m | $457.9m | $315.4m | $274.6m | |
| Total Equity Gross Minority Interest | — | — | — | — | — | — | $496.3m | $457.9m | $315.4m | $274.6m | |
| Total Non Current Liabilities Net Minority Interest | — | — | — | — | — | — | $280.2m | $237.4m | $199.9m | $225.6m | |
| Liabilities and Equity | $1.3b | $1.1b | $1.1b | $1.1b | $980.6m | $1.0b | $1.0b | $899.4m | $675.4m | $638.7m | |
| Total liabilities and shareholders’ equity | $1.3b | $1.1b | $1.1b | $1.1b | $980.6m | $1.0b | $1.0b | $899.4m | $675.4m | $638.7m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.