Vestis Corp
For the period ended Jun 28, 2024. Filed Aug 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 28, 2024 · Filed Aug 7, 2024
VSTS$14.37-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated and Combined Balance Sheets
CONSOLIDATED AND COMBINED BALANCE SHEETS (UNAUDITED)
(in thousands, except per share amounts)
| June 28,2024 | September 29,2023 | |
|---|---|---|
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $29,098 | $36,051 |
| Receivables (net of allowances: $19,540 and $25,066) | 409,926 | 392,916 |
| Inventories, net | 153,539 | 174,719 |
| Rental merchandise in service, net | 398,616 | 399,035 |
| Other current assets | 28,778 | 17,244 |
| Total current assets | 1,019,957 | 1,019,965 |
| Property and Equipment, at cost: | ||
| Land, buildings and improvements | 582,758 | 585,797 |
| Equipment | 1,154,184 | 1,110,812 |
| 1,736,942 | 1,696,609 | |
| Less - Accumulated depreciation | (1,081,039) | (1,032,078) |
| Total property and equipment, net | 655,903 | 664,531 |
| Goodwill | 963,036 | 963,543 |
| Other Intangible Assets, net | 219,010 | 238,608 |
| Operating Lease Right-of-use Assets | 70,241 | 57,890 |
| Other Assets | 217,483 | 212,587 |
| Total Assets | $3,145,630 | $3,157,124 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities: | ||
| Current maturities of long-term borrowings | $8,000 | $26,250 |
| Current maturities of financing lease obligations | 29,701 | 27,659 |
| Current operating lease liabilities | 19,857 | 19,935 |
| Accounts payable | 150,542 | 134,498 |
| Accrued payroll and related expenses | 104,569 | 113,771 |
| Accrued expenses and other current liabilities | 117,123 | 73,412 |
| Total current liabilities | 429,792 | 395,525 |
| Long-Term Borrowings | 1,394,528 | 1,462,693 |
| Noncurrent Financing Lease Obligations | 111,930 | 105,217 |
| Noncurrent Operating Lease Liabilities | 57,707 | 46,084 |
| Deferred Income Taxes | 200,379 | 217,647 |
| Other Noncurrent Liabilities | 50,117 | 52,598 |
| Total Liabilities | 2,244,453 | 2,279,764 |
| Commitments and Contingencies (see Note 9) | ||
| Equity: | ||
| Common stock, par value $0.01 per share, 350,000,000 shares authorized, 131,477,853 shares issued and outstanding as of June 28, 2024 | 1,315 | — |
| Additional paid-in capital | 925,077 | — |
| Retained earnings | 9,466 | — |
| Net parent investment | — | 908,533 |
| Accumulated other comprehensive loss | (34,681) | (31,173) |
| Total Equity | 901,177 | 877,360 |
| Total Liabilities and Equity | $3,145,630 | $3,157,124 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.