424B3 1 d424b3.htm PROSPECTUS SUPPLEMENT Prospectus Supplement

FILED PURSUANT TO RULE 424 (B)(3)

File Number 333-144884

ARAMARK CORPORATION

SUPPLEMENT NO. 8 TO

MARKET MAKING PROSPECTUS DATED

JANUARY 4, 2010

THE DATE OF THIS SUPPLEMENT IS NOVEMBER 17, 2010

ON NOVEMBER 17, 2010, ARAMARK CORPORATION FILED THE ATTACHED FORM 8-K


 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): November 17, 2010

 

 

ARAMARK CORPORATION

(Exact name of registrant as specified in charter)

 

 

 

Delaware   001-04762   95-2051630

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

1101 Market Street

Philadelphia, Pennsylvania

  19107
(Address of Principal Executive Offices)   Zip Code

Registrant’s telephone, including area code: 215-238-3000

N/A

(Former name and former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


 

ITEM 2.02 Results of Operations and Financial Condition

The following information, including the financial reports attached as an exhibit to this Form 8-K, is furnished pursuant to Item 2.02. Results of Operations and Financial Condition.

The information contained in this Current Report, including exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information contained in this Current Report shall not be incorporated by reference into any registration statement or other document or filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

On November 17, 2010, ARAMARK Corporation will hold a conference call announcing its financial results for the quarter and fiscal year ended October 1, 2010. A copy of the financial reports that are the subject of the conference call are attached hereto as exhibit 99.1.

ITEM 9.01. Financial Statements and Exhibits

(d) Exhibits.

 

Number

  

Description

  

Method of Filing

 
99.1    ARAMARK Corporation financial reports.      Furnished herewith   


 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  ARAMARK CORPORATION
Date: November 17, 2010   By:  

/s/ L. Frederick Sutherland

  Name:   L. Frederick Sutherland
  Title:   Executive Vice President and Chief Financial Officer


 

Index to Exhibits

 

Number

  

Description

  

Method of Filing

99.1    ARAMARK Corporation financial reports.    Furnished herewith


 

Exhibit 99.1

ARAMARK CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

(In Thousands)

 

     Three Months Ended
October 1, 2010
     Three Months Ended
October 2, 2009
 

Sales

   $ 3,158,014       $ 3,072,544   
                 

Costs and Expenses:

     

Cost of services provided

     2,851,456         2,773,853   

Depreciation and amortization

     126,716         127,575   

Selling and general corporate expenses

     43,686         40,116   
                 
     3,021,858         2,941,544   
                 

Operating income

     136,156         131,000   

Interest and other financing costs, net

     108,744         108,462   
                 

Income before income taxes

     27,412         22,538   

Provision for income taxes

     6,309         6,107   
                 

Net income

   $ 21,103       $ 16,431   
                 


 

ARAMARK CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

(In Thousands)

 

     Fiscal Year
Ended
October 1, 2010
    Fiscal Year
Ended
October 2, 2009
 

Sales

   $ 12,571,676      $ 12,297,869   
                

Costs and Expenses:

    

Cost of services provided

     11,396,446        11,173,725   

Depreciation and amortization

     508,875        503,123   

Selling and general corporate expenses

     191,561        183,492   
                
     12,096,882        11,860,340   
                

Operating income

     474,794        437,529   

Interest and other financing costs, net

     444,510        472,305   
                

Income (loss) before income taxes

     30,284        (34,776

Provision (benefit) for income taxes

     (404     (27,865
                

Net income (loss)

   $ 30,688      $ (6,911
                


 

ARAMARK CORPORATION AND SUBSIDIARIES

SELECTED CONSOLIDATED BALANCE SHEET DATA

(Unaudited)

(In Thousands)

 

     October 1, 2010      October 2, 2009 (1)  

Assets

             

Current Assets

   $ 1,758,072       $ 1,715,662   

Property and Equipment, net

     1,072,584         1,160,511   

Goodwill

     4,550,702         4,526,376   

Other Intangible Assets

     1,913,634         2,056,337   

Other Assets

     926,923         867,767   
                 
   $ 10,221,915       $ 10,326,653   
                 

Liabilities and Shareholder’s Equity

             

Current Liabilities (2)

   $ 1,948,553       $ 1,751,956   

Long-Term Borrowings

     5,350,178         5,677,740   

Other Liabilities

     1,341,491         1,360,197   

Common Stock Subject to Repurchase

     184,736         176,395   

Total Shareholder’s Equity

     1,396,957         1,360,365   
                 
   $ 10,221,915       $ 10,326,653   
                 

Note:

 

(1) Certain fiscal 2009 balances have been reclassified to conform to the current year presentation. The effect was not material.
(2) Includes $51.6 million and $43.9 million of current maturities of long-term borrowings as of October 1, 2010 and October 2, 2009, respectively.


 

ARAMARK CORPORATION AND SUBSIDIARIES

SELECTED CONSOLIDATED CASH FLOW DATA

(Unaudited)

(In Thousands)

 

     Fiscal Year
Ended
October 1, 2010
    Fiscal Year
Ended
October 2, 2009
 

Cash flows from operating activities:

    

Net income (loss)

   $ 30,688      $ (6,911

Adjustments to reconcile net income (loss) to net cash provided by operating activities:

    

Depreciation and amortization

     508,875        503,123   

Income taxes deferred

     (45,553     (68,064

Stock-based compensation expense

     21,300        25,396   

Changes in noncash working capital

     101,339        202,127   

Net change in proceeds from sale of receivables

     (14,585     (14,560

Other operating activities

     31,946        66,124   
                

Net cash provided by operating activities

     634,010        707,235   
                

Cash flows from investing activities:

    

Net purchases of property and equipment and client contract investments

     (264,078     (330,332

Acquisitions and other investing activities

     (89,426     (134,465
                

Net cash used in investing activities

     (353,504     (464,797
                

Cash flows from financing activities:

    

Net payment of long-term borrowings

     (323,304     (146,842

Proceeds from issuance of common stock

     3,273        3,380   

Repurchase of stock

     (10,809     (22,989

Other financing activities

     (13,381     (262
                

Net cash used in financing activities

     (344,221     (166,713
                

Increase (decrease) in cash and cash equivalents

   $ (63,715   $ 75,725   
                


 

ARAMARK CORPORATION AND SUBSIDIARIES

SALES AND OPERATING INCOME BY SEGMENT

SUPPLEMENTAL DATA

(Unaudited)

(In Thousands)

 

     Three Months Ended
October 1, 2010
    Three Months Ended
October 2, 2009
 

Sales

            

Food and Support Services - North America

   $ 2,185,529      $ 2,123,090   

Food and Support Services - International

     601,950        580,370   

Uniform and Career Apparel

     370,535        369,084   
                
   $ 3,158,014      $ 3,072,544   
                

Operating Income

            

Food and Support Services - North America

   $ 99,164      $ 98,340   

Food and Support Services - International

     17,448        20,481   

Uniform and Career Apparel

     30,521        21,780   
                
     147,133        140,601   

Corporate

     (10,977     (9,601
                
   $ 136,156      $ 131,000   
                


 

ARAMARK CORPORATION AND SUBSIDIARIES

SALES AND OPERATING INCOME BY SEGMENT

SUPPLEMENTAL DATA

(Unaudited)

(In Thousands)

 

     Fiscal Year
Ended
October 1,  2010
    Fiscal Year
Ended
October 2,  2009
 

Sales

            

Food and Support Services - North America

   $ 8,605,170      $ 8,393,476   

Food and Support Services - International

     2,487,227        2,326,746   

Uniform and Career Apparel

     1,479,279        1,577,647   
                
   $ 12,571,676      $ 12,297,869   
                

Operating Income

            

Food and Support Services - North America

   $ 350,583      $ 349,348   

Food and Support Services - International

     75,351        83,414   

Uniform and Career Apparel

     99,963        61,837   
                
     525,897        494,599   

Corporate

     (51,103     (57,070
                
   $ 474,794      $ 437,529