EX-99.1 10 dex991.htm RECONCILIATION OF NON-GAAP FINANCIAL MAESURES. Reconciliation of non-GAAP financial maesures.

Exhibit 99.1

ARAMARK CORPORATION AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP MEASURES

(Unaudited)
(In Thousands, Except Per Share Amounts)

In the second quarter of fiscal 2002, ARAMARK sold its ownership interests in the Boston Red Sox and a related entity, resulting in a pre-tax gain of $37.9 million, which is reported as other income. In the third quarter of fiscal 2002, ARAMARK recorded a pre-tax gain of $5.8 million resulting principally from the sale of a residual interest in a previously divested business. These items have been excluded from the comparisons of operating income margins to enhance comparability due to the size and unusual nature of these items.

 

 

 

Nine Months Ended

 

 

 

 

 


 

 

 

 

June 27, 2003

 

June 28, 2002

 

 

 

 


 


 

 

 

Operating Income Margins (GAAP)

 

5.1

%

6.0

%

 

 

Less: Other Income

 

0.0

%

-0.7

%

 

 

 

 


 


 

 

 

Operating Income Margins (as adjusted)

 

5.1

%

5.2

%

 

 

 

 


 


 

 

 


The impact of currency translation has been excluded from the comparison of results to enhance comparability in the Food and Support Services - International Segment by identifying the portion of the change in sales and operating income related to changes in foreign currency, which provides a comparison of results on a constant currency basis.

 

 

 

Three Months Ended

 

%
Change

 

 

 


 

 

 

 

June 27, 2003

 

June 28, 2002

 

 

 

 


 


 


 

Food and Support Services - International - Sales (GAAP)

 

$

362,701

 

$

298,948

 

21

%

Less: Impact of Currency Translation

 

 

 

 

(42,633

)

 

 

 

 



 



 

 

 

Food and Support Services - International - Sales (as adjusted)

 

$

362,701

 

$

341,581

 

6

%

 

 



 



 

 

 


 

 

 

Three Months Ended

 

%
Change

 

 

 


 

 

 

 

June 27, 2003

 

June 28, 2002

 

 

 

 


 


 


 

Food and Support Services - International - Operating Income (GAAP)

 

$

16,181

 

$

11,771

 

37

%

Less: Impact of Currency Translation

 

 

 

 

(1,833

)

 

 

 

 



 



 

 

 

Food and Support Services - International - Operating Income (as adjusted)

 

$

16,181

 

$

13,604

 

19

%

 

 



 



 

 

 


 

 

 

Nine Months Ended

 

%
Change

 

 

 


 

 

 

 

June 27, 2003

 

June 28, 2002

 

 

 

 


 


 


 

Food and Support Services - International - Sales (GAAP)

 

$

1,052,255

 

$

894,634

 

18

%

Less: Impact of Currency Translation

 

 

 

 

(101,556

)

 

 

 

 



 



 

 

 

Food and Support Services - International - Sales (as adjusted)

 

$

1,052,255

 

$

996,190

 

6

%

 

 



 



 

 

 


 

 

Nine Months Ended

 

%
Change

 

 

 


 

 

 

 

June 27, 2003

 

June 28, 2002

 

 

 

 


 


 


 

Food and Support Services - International - Operating Income (GAAP)

 

$

47,252

 

$

34,551

 

37

%

Less: Impact of Currency Translation

 

 

 

 

(4,345

)

 

 

 

 



 



 

 

 

Food and Support Services - International - Operating Income (as adjusted)

 

$

47,252

 

$

38,896

 

21

%