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 16, 2011

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 and schedules 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 16, 2011, ARAMARK Corporation (the “Company”) will hold a conference call announcing its financial results for the quarter and fiscal year ended September 30, 2011. A copy of the financial reports and schedules 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 and schedules.		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 16, 2011	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 and schedules.		Furnished herewith

EX-99.1

Exhibit 99.1

ARAMARK CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

(In Thousands)

	Three Months Ended September 30, 2011			Three Months Ended October 1, 2010
Sales	$	3,291,898		$	3,117,214
Costs and Expenses:
Cost of services provided		2,963,905			2,812,110
Depreciation and amortization		127,958			125,271
Selling and general corporate expenses		47,724			43,686
		3,139,587			2,981,067
Operating income		152,311			136,147
Interest and other financing costs, net		111,089			108,744
Income from continuing operations before income taxes		41,222			27,403
Provision (benefit) for income taxes		(13,103	)		6,305
Income from continuing operations		54,325			21,098
Income (loss) from discontinued operations, net of tax (1)		(11,772	)		5
Net income		42,553			21,103
Less: Net income attributable to noncontrolling interest		760			—
Net income attributable to ARAMARK shareholder	$	41,793		$	21,103

Note:

(1) In the fourth quarter of fiscal 2011, ARAMARK Corporation (the Company) completed the sale of its wholly-owned subsidiary, Galls, LLC (Galls), for $75 million in cash. Galls is accounted for as a discontinued operation in the accompanying financial schedule. Galls’ results have been removed from the Company’s results of continuing operations for all periods presented. Included in income (loss) from discontinued operations is a net loss of approximately $12.0 million related to the sale of Galls.

ARAMARK CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

(In Thousands)

	Fiscal Year Ended September 30,  2011			Fiscal Year Ended October 1, 2010
Sales	$	13,082,377		$	12,419,064
Costs and Expenses:
Cost of services provided		11,836,780			11,247,115
Depreciation and amortization		510,516			502,892
Selling and general corporate expenses		186,870			191,561
		12,534,166			11,941,568
Operating income		548,211			477,496
Interest and other financing costs, net		426,262			444,510
Income from continuing operations before income taxes		121,949			32,986
Provision for income taxes		9,020			663
Income from continuing operations		112,929			32,323
Loss from discontinued operations, net of tax (1)		(11,732	)		(1,635	)
Net income		101,197			30,688
Less: Net income attributable to noncontrolling interest		1,125			—
Net income attributable to ARAMARK shareholder	$	100,072		$	30,688

Note:

(1) In the fourth quarter of fiscal 2011, ARAMARK Corporation (the Company) completed the sale of its wholly-owned subsidiary, Galls, LLC (Galls), for $75 million in cash. Galls is accounted for as a discontinued operation in the accompanying financial schedule. Galls’ results have been removed from the Company’s results of continuing operations for all periods presented. Included in loss from discontinued operations is a net loss of approximately $12.0 million related to the sale of Galls.

ARAMARK CORPORATION AND SUBSIDIARIES

SELECTED CONSOLIDATED BALANCE SHEET DATA

(Unaudited)

(In Thousands)

	September 30, 2011		October 1, 2010
Assets
Current Assets	$	2,128,024	$	1,718,968
Current Assets Held for Sale (1)		2,798		92,079
Property and Equipment, net		1,004,690		1,047,691
Goodwill		4,640,606		4,522,667
Other Intangible Assets		1,748,417		1,913,634
Other Assets		985,017		926,876
	$	10,509,552	$	10,221,915
Liabilities and Equity
Current Liabilities (2)	$	2,051,029	$	1,931,077
Current Liabilities Held for Sale (1)		—		17,525
Long-Term Borrowings		5,588,614		5,350,178
Other Liabilities		1,231,922		1,341,442
Common Stock Subject to Repurchase		158,061		184,736
Total Equity		1,479,926		1,396,957
	$	10,509,552	$	10,221,915

Note:

(1) In the fourth quarter of fiscal 2011, ARAMARK Corporation completed the sale of its wholly-owned subsidiary, Galls, LLC (Galls), for $75 million in cash. Galls is accounted for as a discontinued operation in the accompanying financial schedule.

(2) Includes $49.1 million and $51.6 million of current maturities of long-term borrowings as of September 30, 2011 and October 1, 2010, respectively.

ARAMARK CORPORATION AND SUBSIDIARIES

SELECTED CONSOLIDATED CASH FLOW DATA

(Unaudited)

(In Thousands)

	Fiscal Year Ended September 30,  2011			Fiscal Year Ended October 1, 2010
Cash flows from operating activities:
Net income	$	101,197		$	30,688
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		516,290			508,875
Income taxes deferred		(39,890	)		(45,553	)
Stock-based compensation expense		17,317			21,300
Loss on sale of Galls		11,998			—
Changes in noncash working capital		(93,065	)		101,339
Net change in proceeds from sale of receivables		(220,855	)		(14,585	)
Other operating activities		11,694			31,946
Net cash provided by operating activities		304,686			634,010
Cash flows from investing activities:
Net purchases of property and equipment and client contract investments		(272,277	)		(264,078	)
Acquisitions, divestitures, and other investing activities		(90,870	)		(89,426	)
Net cash used in investing activities		(363,147	)		(353,504	)
Cash flows from financing activities:
Net payments of long-term borrowings		(8,984	)		(323,304	)
Net change in funding under the Receivables Facility		225,905			—
Proceeds from issuance of common stock		4,593			3,273
Repurchase of stock		(16,149	)		(10,809	)
Dividends paid to Parent		(132,900	)		—
Proceeds from sale of noncontrolling interest		48,369			—
Other financing activities		(9,979	)		(13,381	)
Net cash provided by (used in) financing activities		110,855			(344,221	)
Increase (decrease) in cash and cash equivalents	$	52,394		$	(63,715	)

ARAMARK CORPORATION AND SUBSIDIARIES

SALES AND OPERATING INCOME BY SEGMENT

SUPPLEMENTAL DATA

(Unaudited)

(In Thousands)

	Three Months Ended September 30, 2011			Three Months Ended October 1, 2010
Sales
Food and Support Services - North America	$	2,284,728		$	2,198,836
Food and Support Services - International		675,648			588,643
Uniform and Career Apparel (1)		331,522			329,735
	$	3,291,898		$	3,117,214
Operating Income
Food and Support Services - North America	$	114,538		$	99,815
Food and Support Services - International		24,561			16,797
Uniform and Career Apparel (1)		27,228			30,512
		166,327			147,124
Corporate		(14,016	)		(10,977	)
	$	152,311		$	136,147

Note:

(1) In the fourth quarter of fiscal 2011, ARAMARK Corporation (the Company) completed the sale of its wholly-owned subsidiary, Galls, LLC (Galls), for $75 million in cash. Galls is accounted for as a discontinued operation and therefore not reflected in the data above. Galls’ results have been removed from the Company’s results of continuing operations for all periods presented.

ARAMARK CORPORATION AND SUBSIDIARIES

SALES AND OPERATING INCOME BY SEGMENT

SUPPLEMENTAL DATA

(Unaudited)

(In Thousands)

	Fiscal Year Ended September 30,  2011			Fiscal Year Ended October 1, 2010
Sales
Food and Support Services - North America	$	9,018,979		$	8,654,700
Food and Support Services - International		2,723,330			2,437,697
Uniform and Career Apparel (1)		1,340,068			1,326,667
	$	13,082,377		$	12,419,064
Operating Income
Food and Support Services - North America	$	400,527		$	350,593
Food and Support Services - International		79,857			75,341
Uniform and Career Apparel (1)		117,347			102,665
		597,731			528,599
Corporate		(49,520	)		(51,103	)
	$	548,211		$	477,496

Note:

(1) In the fourth quarter of fiscal 2011, ARAMARK Corporation (the Company) completed the sale of its wholly-owned subsidiary, Galls, LLC (Galls), for $75 million in cash. Galls is accounted for as a discontinued operation and therefore not reflected in the data above. Galls’ results have been removed from the Company’s results of continuing operations for all periods presented.