← TrueBlue, Inc.
| Annual Trend | FY 2015 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | — | $62.3m | ($14.2m) | ($125.7m) | ($48.0m) | |
| Net Income (Loss) Attributable to Parent | $71.2m | $55.5m | $65.8m | $63.1m | ($141.8m) | $61.6m | $62.3m | ($14.2m) | ($125.7m) | ($48.0m) | |
| Depreciation, Depletion and Amortization | $41.8m | $46.1m | $41.0m | $37.5m | $32.0m | $27.6m | $29.3m | $25.8m | $29.6m | $28.9m | |
| Amortization of Intangible Assets | $19.9m | $21.4m | $20.8m | $17.9m | $10.1m | $6.7m | $5.7m | $5.2m | $4.1m | $2.6m | |
| Capitalized Computer Software, Amortization | — | — | — | — | — | $2.7m | $3.0m | $4.1m | — | — | |
| Depreciation, Nonproduction | $21.9m | $24.7m | $20.3m | $19.7m | $21.9m | $20.9m | $23.5m | $20.6m | $25.5m | $26.3m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $29.3m | $25.8m | $29.6m | $28.9m | |
| Depreciation and amortization (inclusive of depreciation included in cost of services) | $41.8m | $46.7m | $41.0m | $37.5m | $32.0m | $27.6m | $29.3m | $25.8m | $29.6m | $28.9m | |
| Deferred Income Tax Expense (Benefit) | $5.2m | $2.4m | ($1.9m) | $1.3m | ($26.8m) | $752k | $3.9m | ($9.9m) | $34.1m | ($552k) | |
| Deferred Income Tax | — | — | — | — | — | — | $3.9m | ($9.9m) | $34.1m | ($552k) | |
| Deferred Tax | — | — | — | — | — | — | $3.9m | ($9.9m) | $34.1m | ($552k) | |
| Deferred income taxes | $5.2m | ($25.4m) | ($1.9m) | $1.3m | ($26.8m) | $752k | $3.9m | ($9.9m) | $34.1m | ($552k) | |
| Share-based Payment Arrangement, Noncash Expense | $11.1m | $7.7m | $13.9m | $9.8m | $9.1m | $13.9m | $9.7m | $13.9m | $7.6m | $7.3m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $3.9m | $3.1m | $3.4m | $2.2m | $2.4m | $3.2m | $4.5m | $4.2m | $2.3m | $1.1m | |
| Share-based Payment Arrangement, Expense | $11.1m | $7.7m | $13.9m | $9.8m | $9.1m | $13.9m | $9.7m | $13.9m | $7.6m | $7.3m | |
| Goodwill and Intangible Asset Impairment | $0 | $0 | $0 | $0 | $175.2m | $0 | $0 | $9.5m | $59.7m | $200k | |
| Goodwill, Impairment Loss | $0 | $0 | — | — | $140.5m | — | — | $8.9m | $59.1m | — | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | — | $34.7m | — | — | — | — | — | |
| Operating Lease, Impairment Loss | — | — | — | — | — | — | — | — | $500k | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $0 | $9.5m | $59.7m | $18.6m | |
| Goodwill and intangible asset impairment charge | $0 | $103.5m | $0 | $0 | $175.2m | $0 | $0 | $9.5m | $59.7m | $200k | |
| Impairment, Long-Lived Asset, Held-for-Use | — | — | — | — | — | — | — | $0 | $0 | $18.4m | |
| Income Tax Expense (Benefit) | $25.2m | $22.1m | $9.9m | $7.0m | ($31.4m) | $12.2m | $11.1m | ($6.5m) | $37.2m | $2.3m | |
| Operating lease liabilities | — | $0 | $0 | $17.6m | $17.0m | $16.6m | $16.0m | $15.8m | $15.3m | $14.4m | |
| Right-of-use assets obtained in exchange for new operating lease liabilities | — | $0 | $0 | $18.8m | $38.8m | $11.9m | $9.6m | $12.5m | $10.0m | $10.8m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $89.5m | $28.5m | ($11.6m) | ($5.5m) | ($57.1m) | $81.6m | ($34.8m) | ($56.8m) | ($35.7m) | $15.5m | |
| Goodwill | $268.5m | $226.7m | $237.3m | $237.5m | $94.9m | $94.5m | $93.8m | $84.1m | $24.5m | $42.5m | |
| Nonoperating Income (Expense) | ($1.4m) | ($14k) | $1.7m | $3.9m | — | — | — | — | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $2.5b | $2.4b | $1.8b | $2.2b | $2.3b | $1.9b | $1.6b | $1.6b | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | $723k | $1.1m | ($5.8m) | $4.4m | $4.9m | $4.9m | |
| Operating Cash Flow | $72.1m | $261.8m | $125.7m | $93.5m | $152.5m | $20.4m | $120.5m | $34.8m | ($17.1m) | ($58.0m) | |
| Cash Flow From Continuing Operating Activities | $72.1m | $261.8m | $125.7m | $93.5m | $152.5m | $20.4m | $120.5m | $34.8m | ($17.1m) | ($58.0m) | |
| Beginning Cash Position | — | — | — | — | — | — | $103.2m | $135.6m | $99.3m | $61.1m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($64.7m) | ($37.6m) | ($17.1m) | $57.1m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($20.9m) | ($32.3m) | ($2.5m) | ($16.1m) | |
| Change In Account Payable | — | — | — | — | — | — | ($1.5m) | ($19.2m) | ($8.9m) | ($11.1m) | |
| Change In Accrued Expense | — | — | — | — | — | — | ($7.9m) | ($12.1m) | ($19.1m) | ($10.0m) | |
| Change In Other Current Assets | — | — | — | — | — | — | ($16.0m) | $31.4m | $22.8m | $15.8m | |
| Change In Other Current Liabilities | — | — | — | — | — | — | ($11.4m) | ($5.1m) | ($8.7m) | ($13.2m) | |
| Change In Other Working Capital | — | — | — | — | — | ($54.8m) | ($7.8m) | ($55.8m) | ($53.5m) | ($39.0m) | |
| Change In Payable | — | — | — | — | — | — | ($1.5m) | ($19.2m) | ($8.9m) | ($11.1m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | ($9.4m) | ($31.3m) | ($28.1m) | ($21.1m) | |
| Change In Receivables | — | — | — | — | — | — | $34.8m | $56.8m | $35.7m | ($15.5m) | |
| Change In Working Capital | — | — | — | — | — | — | ($9.9m) | ($4.1m) | ($31.8m) | ($73.0m) | |
| Changes In Account Receivables | — | — | — | — | — | — | $34.8m | $56.8m | $35.7m | ($15.5m) | |
| Changes In Cash | — | — | — | — | — | — | $34.9m | ($35.2m) | ($36.6m) | ($17.0m) | |
| End Cash Position | — | — | — | — | — | — | $135.6m | $99.3m | $61.1m | $44.0m | |
| Financing Cash Flow | — | — | — | — | — | — | ($64.7m) | ($37.6m) | ($17.1m) | $57.1m | |
| Free Cash Flow | — | — | — | — | — | — | $89.9m | $3.5m | ($41.2m) | ($73.7m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($20.9m) | ($32.3m) | ($2.5m) | ($16.1m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $0 | $0 | $3.1m | ($29.7m) | |
| Other Cash Adjustment Outside Changein Cash | — | — | — | — | — | — | $0 | ($300k) | $0 | $0 | |
| Other Non Cash Items | — | — | — | — | — | — | $20.8m | $8.8m | $7.3m | $6.0m | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $980k | $856k | $738k | $454k | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $4.5m | $5.0m | $2.3m | $2.8m | |
| Purchase Of Business | — | — | — | — | — | — | — | $0 | $0 | ($30.1m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($65.4m) | ($38.3m) | ($23.6m) | ($1.1m) | |
| Sale Of Business | — | — | — | — | — | — | $0 | $0 | $3.1m | $400k | |
| Stock Based Compensation | — | — | — | — | — | — | $9.7m | $13.9m | $7.6m | $7.3m | |
| Net loss | $71.2m | ($15.3m) | $65.8m | $63.1m | ($141.8m) | $61.6m | $62.3m | ($14.2m) | ($125.7m) | ($48.0m) | |
| Provision for credit losses | $7.1m | $8.3m | $10.0m | $7.7m | $6.3m | $6.5m | $4.5m | $5.0m | $2.3m | $2.8m | |
| Stock-based compensation | $11.1m | $9.4m | $13.9m | $9.8m | $9.1m | $13.9m | $9.7m | $13.9m | $7.6m | $7.3m | |
| Non-cash lease expense | — | $0 | $0 | $14.8m | $15.2m | $14.4m | $12.9m | $12.6m | $12.4m | $11.0m | |
| Other operating activities | $446k | $7.9m | $5.2m | ($1.6m) | ($686k) | ($2.0m) | $7.9m | ($3.8m) | ($5.1m) | ($5.0m) | |
| Accounts receivable | ($89.5m) | $112.8m | $11.6m | $5.5m | $57.1m | ($81.6m) | $34.8m | $56.8m | $35.7m | ($15.5m) | |
| Income taxes receivable and payable | ($16.7m) | $14.9m | ($996k) | ($6.5m) | ($1.1m) | $1.6m | ($2.7m) | ($1.3m) | $3.2m | $4.1m | |
| Other assets | ($6.4m) | $470k | ($12.9m) | ($12.6m) | ($2.1m) | ($13.7m) | ($16.1m) | $31.4m | $22.8m | $15.8m | |
| Accounts payable and other accrued expenses | $23.3m | ($4.1m) | $2.9m | $6.9m | ($6.6m) | $16.4m | ($1.5m) | ($19.2m) | ($8.9m) | ($11.1m) | |
| Other accrued wages and benefits | — | — | ($1.6m) | ($9.5m) | $55.1m | $34.6m | ($7.9m) | ($12.1m) | ($19.1m) | ($10.0m) | |
| Workers’ compensation claims reserve | $14.7m | $11.1m | ($7.9m) | ($10.8m) | ($125k) | $701k | ($5.2m) | ($54.5m) | ($56.7m) | ($43.0m) | |
| Other liabilities | ($2.5m) | $4.2m | $499k | $3.2m | ($3.7m) | $2.0m | $1.7m | $7.7m | $3.6m | ($1.6m) | |
| Payments for company-owned life insurance | — | — | $0 | ($12.2m) | ($12.0m) | ($4.0m) | $0 | ($2.3m) | ($4.0m) | ($2k) | |
| Proceeds from company-owned life insurance | — | — | — | $0 | $0 | $832k | $0 | $1.7m | $0 | $300k | |
| Net proceeds from employee stock purchase plans | $1.6m | $1.5m | $1.5m | $1.3m | $922k | $1.1m | $980k | $856k | $738k | $454k | |
| Net change in revolving credit facility | $46.1m | ($105.6m) | ($15.9m) | ($42.9m) | ($37.1m) | $0 | $0 | $0 | $7.6m | $58.2m | |
| Other | $1.1m | ($29k) | $0 | ($296k) | ($1.5m) | ($345k) | ($253k) | ($100k) | ($1.8m) | ($414k) | |
| Interest | $3.5m | $3.8m | $4.4m | $2.4m | $3.1m | $1.4m | $1.1m | $1.0m | $1.0m | $4.6m | |
| Income taxes, net of refunds | $34.4m | $4.6m | $12.9m | $12.2m | ($3.4m) | $9.8m | $10.0m | $5.2m | $211k | ($4.8m) | |
| Net Cash Provided by (Used in) Operating Activities | $72.1m | $99.9m | $125.7m | $93.5m | $152.5m | $20.4m | $120.5m | $34.8m | ($17.1m) | ($58.0m) | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $18.4m | $22.0m | $17.1m | $28.1m | $27.1m | $35.0m | $30.6m | $31.3m | $24.2m | $15.7m | |
| Capital Expenditure Reported | — | — | — | — | — | — | ($30.6m) | ($31.3m) | ($24.2m) | ($15.7m) | |
| Acquisition of businesses, net of cash acquired | ($67.5m) | ($72.5m) | ($22.7m) | $0 | $0 | — | — | $0 | $0 | ($30.1m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $9.7m | ($361k) | $22.6m | $29.1m | |
| Purchase Of Investment | — | — | — | — | — | — | ($18.0m) | ($34.1m) | ($11.2m) | ($10.9m) | |
| Purchases of restricted held-to-maturity investments | — | ($44.7m) | ($6.8m) | ($23.0m) | ($32.5m) | ($9.4m) | ($18.0m) | ($34.1m) | ($11.2m) | ($10.9m) | |
| Sale Of Investment | — | — | — | — | — | — | $27.7m | $33.7m | $33.8m | $39.9m | |
| Sales and maturities of restricted held-to-maturity investments | — | $17.3m | $19.6m | $28.3m | $27.6m | $23.9m | $27.7m | $33.7m | $33.8m | $39.9m | |
| Divestiture of business | — | $0 | $10.6m | $215k | $0 | — | $0 | $0 | $3.1m | $400k | |
| Divestiture non-cash consideration | — | $0 | $798k | $0 | $0 | — | $0 | $0 | $400k | $0 | |
| Payments for (Proceeds from) Other Investing Activities | — | — | $0 | $0 | ($205k) | ($140k) | $0 | $0 | — | — | |
| Net Other Investing Changes | — | — | — | — | — | — | $9.7m | ($685k) | ($4.0m) | $298k | |
| Net Cash Provided by (Used in) Investing Activities | ($105.0m) | ($30.9m) | ($20.5m) | ($21.6m) | ($34.4m) | ($16.2m) | ($20.9m) | ($32.3m) | ($2.5m) | ($16.1m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $1.5m | $0 | — | — | — | — | — | — | — | — | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $0 | $0 | $7.6m | $58.2m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $0 | $0 | $7.6m | $58.2m | |
| Net Short Term Debt Issuance | — | — | — | — | — | $0 | $0 | — | — | — | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($65.4m) | ($38.3m) | ($23.6m) | ($1.1m) | |
| Payments for Repurchase of Common Stock | $0 | $36.7m | $34.8m | $38.8m | $52.3m | $16.7m | $60.9m | $34.2m | $21.3m | $0 | |
| Common Stock Payments | — | — | — | — | — | — | ($65.4m) | ($38.3m) | ($23.6m) | ($1.1m) | |
| Purchases and retirement of common stock | $0 | ($5.7m) | ($34.8m) | ($38.8m) | ($52.3m) | ($16.7m) | ($60.9m) | ($34.2m) | ($21.3m) | $0 | |
| Common stock repurchases for taxes upon vesting of restricted stock | ($3.9m) | ($2.9m) | ($3.4m) | ($2.2m) | ($2.4m) | ($3.2m) | ($4.5m) | ($4.2m) | ($2.3m) | ($1.1m) | |
| Proceeds from (Payments for) Other Financing Activities | $1.1m | $0 | $0 | ($296k) | ($1.5m) | ($345k) | ($253k) | ($100k) | ($1.8m) | ($414k) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($253k) | ($100k) | ($1.8m) | ($414k) | |
| Net Cash Provided by (Used in) Financing Activities | $42.8m | ($75.3m) | ($75.0m) | ($82.9m) | ($92.5m) | ($19.1m) | ($64.7m) | ($37.6m) | ($17.1m) | $57.1m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $191k | ($1.5m) | $936k | $623k | ($521k) | ($2.4m) | ($874k) | ($1.6m) | ($119k) | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($2.4m) | ($874k) | ($1.6m) | ($119k) | |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents | — | $191k | ($1.5m) | $936k | $623k | ($521k) | ($2.4m) | ($874k) | ($1.6m) | ($119k) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $191k | $28.6m | ($10.1m) | $26.2m | ($15.4m) | $32.4m | ($36.3m) | ($38.2m) | ($17.1m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $102.5m | $92.4m | $118.6m | $103.2m | $135.6m | $99.3m | $61.1m | $44.0m | |
| Change in cash, cash equivalents and restricted cash and cash equivalents reclassified to assets held-for-sale | — | — | — | — | — | $0 | $0 | ($300k) | $0 | $0 | |
| Net change in cash, cash equivalents and restricted cash and cash equivalents | — | ($29.4m) | $28.6m | ($10.1m) | $26.2m | ($15.4m) | $32.4m | ($36.3m) | ($38.2m) | ($17.1m) | |
| Cash, cash equivalents and restricted cash and cash equivalents, beginning of period | — | $73.8m | $102.5m | $92.4m | $118.6m | $103.2m | $135.6m | $99.3m | $61.1m | $44.0m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $32.4m | ($36.3m) | ($38.2m) | ($17.1m) | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | $2.4m | $3.1m | $1.4m | $1.1m | $1.0m | $1.0m | $4.6m | |
| Income Taxes Paid, Net | $34.4m | $4.6m | $12.9m | $12.2m | ($3.4m) | $9.8m | $10.0m | $5.2m | $211k | ($4.8m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.