Aramark Files 2024 10-K

TL;DR

Aramark's 2024 10-K is in, check the debt and payables.

AI Summary

Aramark filed its 10-K for the fiscal year ending September 27, 2024, reporting on its financial performance and business operations. The company, headquartered at 2400 Market Street, Philadelphia, PA, operates within the retail-eating places sector. Key financial data, including long-term debt and accounts payable, are detailed within the filing.

Why It Matters

This filing provides investors and stakeholders with a comprehensive overview of Aramark's financial health and strategic positioning for the past fiscal year.

Risk Assessment

Risk Level: medium — The filing is a standard annual report and does not inherently indicate new or elevated risks.

Key Numbers

• 0927 — Fiscal Year End (Indicates the end of the reporting period for the 10-K.)
• 215-238-3000 — Business Phone (Contact number for Aramark's headquarters.)

Key Players & Entities

• Aramark (company) — Filer of the 10-K
• 2400 Market Street, Philadelphia, PA (location) — Aramark's business and mailing address
• September 27, 2024 (date) — Fiscal year end for the 10-K
• 0001584509-24-000212 (filing_id) — Accession number for the 10-K filing

FAQ

Key Financial Figures

• $0.01 — ich Registered Common Stock, par value $0.01 per share ARMK New York Stock Exchange
• $140.7 million — in millions. Operating income excludes $140.7 million related to corporate expenses. In fisc
• $17.4 billion — expenses. In fiscal 2024, we generated $17.4 billion of revenue, $706.5 million of operating
• $706.5 million — we generated $17.4 billion of revenue, $706.5 million of operating income and $262.5 million
• $262.5 million — $706.5 million of operating income and $262.5 million of net income attributable to Aramark s
• $12,576.7 million — our FSS United States segment generated $12,576.7 million in revenue, or 72% of our total revenue
• $4,824.0 million — our FSS International segment generated $4,824.0 million in revenue, or 28% of our total revenue

Filing Documents

• cik0-20240927.htm (10-K) — 2946KB
• ex1017armkx2024refixamendm.htm (EX-10.17) — 1740KB
• ex10105armkxamendmentto202.htm (EX-10.105) — 5KB
• ex10106armkxamendmenttoar2.htm (EX-10.106) — 5KB
• ex10107armkxformofschedule.htm (EX-10.107) — 27KB
• ex192024armkxsecuritiestra.htm (EX-19) — 67KB
• ex2112024armkxlistofsubsid.htm (EX-21.1) — 140KB
• ex2312024armkxdeloittetouc.htm (EX-23.1) — 2KB
• ex31110-k2024armk.htm (EX-31.1) — 8KB
• ex31210-k2024armk.htm (EX-31.2) — 8KB
• ex32110-k2024armk.htm (EX-32.1) — 5KB
• cik0-20240927_g1.jpg (GRAPHIC) — 29KB
• cik0-20240927_g2.jpg (GRAPHIC) — 97KB
• 0001584509-24-000212.txt ( ) — 19958KB
• cik0-20240927.xsd (EX-101.SCH) — 128KB
• cik0-20240927_cal.xml (EX-101.CAL) — 207KB
• cik0-20240927_def.xml (EX-101.DEF) — 726KB
• cik0-20240927_lab.xml (EX-101.LAB) — 1416KB
• cik0-20240927_pre.xml (EX-101.PRE) — 1124KB
• cik0-20240927_htm.xml (XML) — 2724KB

Business

Business 1 Item 1A.

Risk Factors

Risk Factors 9 Item 1B. Unresolved Staff Comments 21 Item 1C. Cybersecurity 21 Item 2.

Properties

Properties 23 Item 3.

Legal Proceedings

Legal Proceedings 23 Item 4. Mine Safety Disclosures 23 PART II 25 Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 25 Item 6. [Reserved] 25 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 26 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 45 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 45 Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 45 Item 9A.

Controls and Procedures

Controls and Procedures 46 Item 9B. Other Information 48 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 48 PART III 49 Item 10. Directors, Executive Officers and Corporate Governance 49 Item 11.

Executive Compensation

Executive Compensation 49 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 49 Item 13. Certain Relationships and Related Transactions, and Director Independence 49 Item 14. Principal Accountant Fees and Services 49 PART IV 50 Item 15. Exhibits and Financial Statement Schedules 50 Item 16. Form 10-K Summary 50 Table of Contents Special Note About Forward-Looking Statements This report contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect our current expectations as to future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. These statements include, but are not limited to, statements related to our expectations regarding the performance of our business, our financial results, our operations, our liquidity and capital resources, the conditions in our industry and our growth strategy. In some cases, forward-looking statements can be identified by words such as "outlook," "aim," "anticipate," "have confidence," "estimate," "expect," "will be," "will continue," "will likely result," "project," "intend," "plan," "believe," "see," "look to" and other words and terms of similar meaning or the negative versions of such words. These forward-looking statements are subject to risks and uncertainties that may change at any time, and actual results or outcomes may differ materially from those that we expected. Some of the factors that we believe could affect or continue to affect our results include without limitation: unfavorable economic conditions; natural disasters, global calamities, climate change, pandemics, energy shortages, sports strikes and other adverse incidents; geopolitical events including, but not limited to, the ongoing conflict between Russia and Ukraine and the ongoing conflict in the Middle East, global supply chain disruptions, inflation, volatility and

Business

Item 1. Business Overview Aramark (the "Company", "we" or "us") is a leading global provider of food and facilities services to education, healthcare, business & industry, and sports, leisure & corrections clients. Our largest market is the United States, which is supplemented by an additional 15-country footprint. We also provide our services on a more limited basis in several additional countries and in offshore locations. Based on total revenue in fiscal 2024, we hold a top 2 position in North America in food and facilities services and a top 3 position in food and facilities services internationally in most countries in which we have significant operations. Our approximately 266,680 employees partner with thousands of education, healthcare, business and sports, leisure & corrections clients to serve millions of customers including students, patients, employees, sports fans and guests worldwide. We operate our business in two reportable segments that share many of the same operating characteristics: Food and Support Services United States ("FSS United States") and Food and Support Services International ("FSS International"). The following chart shows a breakdown of our revenue and operating income by these reportable segments: Reportable Segments: FSS United States FSS International FY 2024 Revenue (1) : $ 12,576.7 $ 4,824.0 FY 2024 Operating Income (1) : $ 659.9 $ 187.3 (1) Dollars in millions. Operating income excludes $140.7 million related to corporate expenses. In fiscal 2024, we generated $17.4 billion of revenue, $706.5 million of operating income and $262.5 million of net income attributable to Aramark stockholders. Our History Since our founding in 1959, we have broadened our service offerings and expanded our client base through a combination of organic growth and acquisitions, with the goal of further developing our food and facilities capabilities, as well as growing our international presence. In 1984, we completed a management buyout

View Full Filing

View this 10-K filing on SEC EDGAR