$551.9 M

BBSI Mkt cap, 22-Mar-2019

$940.7 M

Barrett Business Services Revenue FY, 2018
Barrett Business Services Gross profit (FY, 2018)186.7 M
Barrett Business Services Gross profit margin (FY, 2018), %19.8%
Barrett Business Services Net income (FY, 2018)38.1 M
Barrett Business Services EBIT (FY, 2018)37 M
Barrett Business Services Cash, 31-Dec-201835.4 M
Barrett Business Services EV520.7 M

Barrett Business Services Revenue

Barrett Business Services revenue was $940.70 m in FY, 2018

Embed Graph

Barrett Business Services Revenue Breakdown

Embed Graph

Barrett Business Services revenue breakdown by business segment: 17.6% from Staffing Services and 82.4% from Professional Employer Service Fees

Barrett Business Services Income Statement

Annual

USDFY, 2015FY, 2016FY, 2017FY, 2018

Revenue

740.8m840.6m920.4m940.7m

Revenue growth, %

16%13%9%

Cost of goods sold

611.4m695.1m761.9m754.0m

Gross profit

129.5m145.5m158.5m186.7m

Gross profit Margin, %

17%17%17%20%

General and administrative expense

90.2m113.3m123.1m145.5m

Operating expense total

90.2m113.3m123.1m145.5m

Depreciation and amortization

2.9m3.3m5.5m4.2m

EBIT

36.4m28.9m29.9m37.0m

EBIT margin, %

5%3%3%4%

Interest expense

2.0m807.0k313.0k1.1m

Pre tax profit

35.1m25.6m34.4m44.8m

Income tax expense

9.7m6.8m9.2m6.7m

Net Income

25.5m18.8m25.2m38.1m

Quarterly

USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

191.0m203.4m225.1m210.0m225.6m240.1m224.0m231.6m247.3m

Cost of goods sold

180.6m161.2m175.5m199.5m181.4m185.2m207.7m183.1m187.6m

Gross profit

10.4m42.3m49.6m10.5m44.2m54.9m16.3m48.5m59.7m

Gross profit Margin, %

5%21%22%5%20%23%7%21%24%

General and administrative expense

21.9m28.5m30.4m26.6m28.1m33.9m29.4m35.6m36.7m

Operating expense total

21.9m28.5m30.4m26.6m28.1m33.9m29.4m65.0m36.7m

Depreciation and amortization

749.0k769.0k823.0k942.0k985.0k1.1m1.0m1.3m949.0k

EBIT

(12.3m)13.0m18.3m(17.1m)15.2m19.9m(14.2m)11.6m22.1m

EBIT margin, %

(6%)6%8%(8%)7%8%(6%)5%9%

Interest expense

260.0k248.0k196.0k83.0k62.0k52.0k42.0k68.0k465.0k

Pre tax profit

(12.3m)13.0m15.0m(17.0m)16.5m21.4m(12.2m)13.7m23.8m

Income tax expense

(4.3m)4.5m4.8m(5.8m)5.4m6.7m(3.1m)2.5m4.8m

Net Income

(8.0m)8.5m10.2m(11.2m)11.1m14.8m(9.1m)11.2m19.1m

Barrett Business Services Balance Sheet

Annual

USDFY, 2015FY, 2016FY, 2017FY, 2018

Cash

25.2m50.8m59.8m35.4m

Accounts Receivable

90.5m126.5m136.7m151.6m

Prepaid Expenses

3.2m3.9m5.7m

Current Assets

227.0m235.4m308.2m321.7m

PP&E

22.8m26.7m24.9m24.8m

Goodwill

47.8m47.8m47.8m47.8m

Total Assets

496.8m581.9m682.5m756.1m

Accounts Payable

3.2m4.9m5.2m4.3m

Short-term debt

19.8m221.0k221.0k221.0k

Current Liabilities

237.4m275.2m322.3m326.7m

Long-term debt

4.4m4.2m4.0m

Total Debt

19.8m4.6m4.4m4.2m

Total Liabilities

442.2m512.2m593.7m637.1m

Common Stock

72.0k72.0k73.0k

Additional Paid-in Capital

7.0m9.6m12.3m15.4m

Retained Earnings

47.5m60.0m77.9m108.6m

Total Equity

54.6m69.7m88.8m119.0m

Debt to Equity Ratio

0.4 x0.1 x0 x

Debt to Assets Ratio

0 x0 x0 x

Financial Leverage

9.1 x8.3 x7.7 x6.4 x

Quarterly

USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

43.5m422.0k26.8m18.4m17.9m35.6m24.0m33.8m35.0m

Accounts Receivable

163.8m177.9m140.1m139.3m147.1m156.4m147.1m152.6m162.6m

Current Assets

278.3m252.4m244.4m219.7m262.1m290.0m290.2m307.2m322.8m

PP&E

23.4m24.0m25.8m26.6m27.0m26.3m25.1m26.1m26.7m

Goodwill

47.8m47.8m47.8m47.8m47.8m47.8m47.8m47.8m47.8m

Total Assets

565.6m576.7m579.8m597.4m609.8m659.2m690.1m708.5m743.3m

Accounts Payable

3.9m4.5m4.5m3.5m4.9m4.0m3.9m4.0m4.5m

Short-term debt

19.8m7.7m221.0k4.6m221.0k221.0k221.0k221.0k221.0k

Current Liabilities

308.3m299.0m284.0m297.8m294.7m317.9m330.2m329.9m342.8m

Long-term debt

4.5m4.4m4.4m4.3m4.2m4.1m4.1m4.0m

Total Debt

19.8m12.2m4.7m8.9m4.5m4.4m4.3m4.3m4.2m

Total Liabilities

520.0m523.4m517.4m539.9m541.9m578.6m614.7m623.6m643.4m

Additional Paid-in Capital

7.6m8.3m8.7m10.5m11.4m11.2m13.8m14.8m13.7m

Retained Earnings

38.0m44.9m53.5m46.9m56.3m69.2m66.9m76.3m93.6m

Total Equity

45.7m53.3m62.4m57.5m67.9m80.7m75.4m84.9m99.9m

Debt to Equity Ratio

0.4 x0.2 x0.1 x0.2 x0.1 x0.1 x0.1 x0.1 x0 x

Debt to Assets Ratio

0 x0 x0 x0 x0 x0 x0 x0 x0 x

Financial Leverage

12.4 x10.8 x9.3 x10.4 x9 x8.2 x9.1 x8.3 x7.4 x

Barrett Business Services Cash Flow

Annual

USDFY, 2015FY, 2016FY, 2017FY, 2018

Net Income

25.5m18.8m25.2m38.1m

Depreciation and Amortization

2.9m3.3m5.5m4.2m

Accounts Receivable

12.1m(36.0m)(10.2m)(14.9m)

Accounts Payable

498.0k1.7m222.0k(830.0k)

Cash From Operating Activities

100.6m80.3m112.9m69.8m

Purchases of PP&E

(3.0m)(7.1m)(3.7m)(5.7m)

Cash From Investing Activities

(55.6m)(33.1m)(94.8m)(39.3m)

Short-term Borrowings

(46.1m)(14.9m)(24.9m)

Long-term Borrowings

(25.2m)(15.2m)(221.0k)(220.0k)

Dividends Paid

(6.3m)(6.4m)(7.3m)(7.3m)

Cash From Financing Activities

(31.4m)(21.7m)(9.0m)(9.9m)

Net Change in Cash

13.4m25.6m9.1m

Quarterly

USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

(8.0m)519.0k10.8m(11.2m)(101.0k)14.7m(9.1m)2.1m21.2m

Depreciation and Amortization

749.0k1.5m2.3m942.0k1.9m3.0m1.0m2.3m3.2m

Accounts Receivable

(73.3m)(87.4m)(49.5m)(12.8m)(20.7m)(29.9m)(10.4m)(15.9m)(25.9m)

Accounts Payable

723.0k1.2m1.3m(1.4m)1.0k(911.0k)(1.3m)(1.2m)(702.0k)

Cash From Operating Activities

(7.8m)4.5m57.3m(858.0k)14.2m60.5m(2.2m)16.5m46.9m

Purchases of PP&E

(1.4m)(2.7m)(5.3m)(902.0k)(2.3m)(2.6m)(1.2m)(3.5m)(4.4m)

Cash From Investing Activities

27.4m(18.8m)(35.7m)(29.6m)(43.3m)(68.6m)(61.3m)(74.2m)(53.7m)

Long-term Borrowings

(55.0k)(7.6m)(15.2m)(56.0k)(129.0k)(166.0k)(55.0k)(110.0k)(165.0k)

Dividends Paid

(1.6m)(3.2m)(4.8m)(1.8m)(3.6m)(5.4m)(1.8m)(3.7m)(5.5m)

Cash From Financing Activities

(1.3m)(10.5m)(20.0m)(1.8m)(3.7m)(7.1m)(1.9m)(3.8m)(8.3m)

Barrett Business Services Ratios

USDY, 2018

EV/EBIT

14.1 x

EV/CFO

7.5 x

Revenue/Employee

7.7k

Financial Leverage

6.4 x
Report incorrect company information

Barrett Business Services Operating Metrics

Barrett Business Services's Customers was reported to be 6.5 k in FY, 2016.
FY, 2014FY, 2015FY, 2016FY, 2017

Branches

54 55 57 58

Customers

5.49 k5.97 k6.50 k

PEO Customers

3.67 k4.20 k4.97 k5.60 k

Staffing Services Customers

1.83 k1.77 k1.53 k
Report incorrect company information

Barrett Business Services Employee Rating

2.5118 votes
Culture & Values
2.2
Work/Life Balance
3.2
Senior Management
2.4
Salary & Benefits
2.3
Career Opportunities
2.3
Source