Vestis Corp
For the period ended Dec 27, 2024. Filed Feb 5, 2025.
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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.
Dec 27, 2024 · Filed Feb 5, 2025
VSTS$14.48+2.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(in thousands, except per share amounts)
| December 27,2024 | September 27,2024 | |
|---|---|---|
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $18,564 | $31,010 |
| Receivables (net of allowances: $19,888 and $19,804) | 187,242 | 177,271 |
| Inventories, net | 170,028 | 164,913 |
| Rental merchandise in service, net | 395,200 | 396,094 |
| Other current assets | 38,555 | 18,101 |
| Total current assets | 809,589 | 787,389 |
| Property and Equipment, at cost: | ||
| Land, buildings and improvements | 580,173 | 590,972 |
| Equipment | 1,151,814 | 1,168,142 |
| 1,731,987 | 1,759,114 | |
| Less - Accumulated depreciation | (1,073,922) | (1,088,256) |
| Total property and equipment, net | 658,064 | 670,858 |
| Goodwill | 959,620 | 963,844 |
| Other Intangible Assets, net | 208,690 | 212,773 |
| Operating Lease Right-of-use Assets | 71,078 | 73,530 |
| Other Assets | 190,112 | 223,993 |
| Total Assets | $2,897,153 | $2,932,387 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities: | ||
| Current maturities of long-term borrowings | $— | $— |
| Current maturities of financing lease obligations | 32,383 | 31,347 |
| Current operating lease liabilities | 19,535 | 19,886 |
| Accounts payable | 164,924 | 163,054 |
| Accrued payroll and related expenses | 86,636 | 96,768 |
| Accrued expenses and other current liabilities | 145,218 | 145,047 |
| Total current liabilities | 448,696 | 456,102 |
| Long-Term Borrowings | 1,128,444 | 1,147,733 |
| Noncurrent Financing Lease Obligations | 117,827 | 115,325 |
| Noncurrent Operating Lease Liabilities | 63,770 | 66,111 |
| Deferred Income Taxes | 186,689 | 191,465 |
| Other Noncurrent Liabilities | 52,137 | 52,600 |
| Total Liabilities | 1,997,563 | 2,029,336 |
| Commitments and Contingencies (see Note 9) | ||
| Equity: | ||
| Common stock, par value $0.01 per share, 350,000,000 shares authorized, 131,700,887 and 131,481,967 issued and outstanding as of December 27, 2024 and September 27, 2024,respectively | 1,317 | 1,315 |
| Additional paid-in capital | 931,554 | 928,082 |
| (Accumulated deficit) retained earnings | (1,213) | 2,565 |
| Accumulated other comprehensive loss | (32,068) | (28,911) |
| Total Equity | 899,590 | 903,051 |
| Total Liabilities and Equity | $2,897,153 | $2,932,387 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.