$874.3 M

TBI Mkt cap, 16-Oct-2019
TrueBlue Net income (Q2, 2019)19.4 M
TrueBlue EBIT (Q2, 2019)20.9 M
TrueBlue Cash, 30-Jun-201923.1 M
TrueBlue EV875.9 M

TrueBlue Revenue Breakdown

Embed Graph

TrueBlue revenue breakdown by business segment: 59.2% from PeopleReady, 34.2% from PeopleManagement and 6.6% from PeopleScout

TrueBlue Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

1.7b2.2b2.7b2.8b

Revenue growth, %

30%24%2%

Cost of goods sold

1.2b2.1b1.9b1.8b

Gross profit

442.3m679.7m

Gross profit Margin, %

27%25%

General and administrative expense

362.2m510.8m550.6m

Operating expense total

362.2m510.8m550.6m

Depreciation and amortization

20.5m46.1m41.0m

EBIT

59.6m81.7m97.8m(17.0m)77.6m73.9m

EBIT margin, %

4%4%4%(1%)

Interest expense

1.2m7.2m5.5m4.9m

Interest income

2.6m3.3m14.0k1.7m

Income tax expense

16.0m(5.1m)22.1m9.9m

Net Income

44.9m65.7m71.2m(15.3m)55.5m65.8m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2018Q2, 2018Q3, 2018Q2, 2019

Cost of goods sold

327.6m296.5m333.6m473.8m443.5m475.7m515.1m495.5m502.7m518.7m428.8m454.8m488.8m430.3m

General and administrative expense

90.8m92.0m96.4m120.3m111.6m117.9m125.1m130.6m135.8m134.7m121.8m124.8m131.6m127.6m

Operating expense total

90.8m92.0m96.4m120.3m111.6m117.9m125.1m130.6m135.8m134.7m121.8m124.8m131.6m127.6m

Depreciation and amortization

5.2m5.2m9.7m10.4m10.5m11.2m12.3m11.2m9.8m

EBIT

28.0m2.4m18.0m29.6m7.7m23.7m33.3m8.6m(76.8m)27.8m6.4m18.2m29.3m20.9m

Interest expense

350.0k263.0k322.0k1.1m1.2m881.0k933.0k2.0m1.7m1.7m1.2m1.3m1.4m660.0k

Interest income

416.0k607.0k772.0k409.0k534.0k202.0k366.0k74.0k155.0k219.0k827.0k

Income tax expense

9.5m1.1m2.4m8.2m1.5m6.2m12.8m612.0k(14.0m)3.5m1.8m5.3m7.8m2.3m

Net Income

19.0m1.7m16.1m20.9m5.7m17.3m20.1m7.0m(63.7m)23.4m4.7m13.1m21.2m19.4m

TrueBlue Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

122.0m19.7m29.8m35.0m35.0m47.0m

Accounts Receivable

Inventories

Current Assets

356.5m415.8m550.4m427.8m427.8m429.8m

PP&E

54.5m61.4m57.5m64.0m64.0m57.7m

Goodwill

82.2m241.9m268.5m224.2m224.2m237.3m

Total Assets

719.5m1.1b1.3b1.1b1.1b1.1b

Accounts Payable

29.9m15.9b69.8m

Short-term debt

Current Liabilities

121.4m187.2m228.0m251.1m251.1m225.5m

Long-term debt

Total Debt

Total Liabilities

326.1m605.3m523.4m

Retained Earnings

391.3m468.5m549.6m536.6m536.6m606.1m

Total Equity

535.6m525.2m525.2m591.4m

Financial Leverage

2.4 x2.2 x2.2 x1.9 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q4, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2018Q2, 2018Q3, 2018Q2, 2019

Cash

109.5m128.8m162.8m29.2m17.8m21.3m23.2m29.8m21.9m21.8m24.8m26.1m29.1m35.1m23.1m

Current Assets

370.3m364.0m394.6m377.5m342.5m373.7m413.8m550.4m385.7m412.2m435.8m357.5m394.7m440.4m392.3m

PP&E

55.8m53.3m53.2m62.1m58.6m56.8m56.0m57.5m58.6m60.3m59.9m64.1m61.8m63.1m58.6m

Goodwill

74.6m82.2m82.2m232.3m241.9m241.9m241.9m268.5m291.4m225.2m225.9m226.0m226.2m226.8m237.1m

Total Assets

698.5m721.7m746.8m1.0b987.5m1.0b1.1b1.3b1.2b1.1b1.1b1.1b1.1b1.1b1.1b

Accounts Payable

26.9m29.2m47.7m55.4m66.9m69.7m51.4m55.0m67.4m45.2m

Short-term debt

24.6m24.0m23.4m

Current Liabilities

127.4m118.7m125.3m178.0m183.8m192.1m213.2m228.0m202.5m236.7m243.4m238.7m230.8m248.2m212.7m

Long-term debt

24.7m

Total Debt

24.6m24.0m23.4m24.7m

Total Liabilities

321.7m324.9m330.4m560.8m512.0m511.5m544.6m731.3m626.0m612.1m611.6m517.0m545.3m588.6m479.9m

Retained Earnings

374.5m395.0m413.8m438.6m475.8m495.8m518.4m549.6m558.2m497.4m522.2m542.7m542.0m550.7m629.0m

Total Equity

496.4m517.3m535.6m546.6m485.6m512.5m533.8m533.6m543.8m615.0m

Debt to Equity Ratio

0 x0 x0 x

Debt to Assets Ratio

0 x0 x0 x

Financial Leverage

2 x2.1 x2.4 x2.1 x2.3 x2.2 x2 x2 x2.1 x1.8 x

TrueBlue Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

44.9m65.7m71.2m(15.3m)55.5m65.8m

Depreciation and Amortization

20.5m29.5m41.8m46.7m46.1m41.0m

Accounts Receivable

(4.2m)(78.0m)(89.0m)113.0m(28.5m)11.6m

Inventories

Accounts Payable

Cash From Operating Activities

86.1m47.5m72.1m261.8m99.9m125.7m

Cash From Investing Activities

(125.3m)(318.4m)(105.0m)(143.2m)(30.9m)(20.5m)

Cash From Financing Activities

32.4m169.8m42.8m(115.1m)(75.3m)(75.0m)

Interest Paid

3.8m4.4m

Income Taxes Paid

4.1m(5.7m)4.6m12.9m

Free Cash Flow

73.1m64.4m90.5m290.8m77.9m108.6m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2018Q2, 2018Q3, 2018Q2, 2019

Net Income

30.4m1.7m17.7m38.7m5.7m23.0m43.1m7.0m(56.8m)(33.3m)4.7m17.8m39.0m27.7m

Depreciation and Amortization

15.1m5.2m10.4m20.1m10.5m20.9m31.4m11.3m23.0m34.7m11.2m23.5m34.7m19.8m

Accounts Receivable

(24.8m)9.9m(15.2m)(26.4m)67.4m31.9m(6.6m)147.1m116.1m102.7m49.1m11.9m(34.2m)16.2m

Cash From Operating Activities

45.3m23.5m28.9m59.9m95.8m106.7m120.3m160.5m184.3m213.2m54.0m64.1m80.6m37.0m

Cash From Investing Activities

(97.5m)(15.0m)13.0m(296.9m)(5.9m)(3.2m)(25.8m)(87.5m)(97.2m)(112.6m)(2.7m)(7.5m)(28.7m)(2.7m)

Cash From Financing Activities

32.7m(1.5m)(1.2m)145.2m(90.3m)(101.0m)(89.1m)(81.3m)(96.8m)(107.8m)(59.8m)(62.3m)(52.2m)(65.4m)

Interest Paid

755.0k1.5m2.6m1.2m

Income Taxes Paid

6.6m3.6m3.6m(3.2m)943.0k5.0m9.7m(8.5m)(4.7m)(3.0m)7.3m

Free Cash Flow

34.9m21.4m22.8m49.7m92.3m99.2m107.7m156.6m172.9m195.5m47.8m54.9m64.3m25.9m

TrueBlue Ratios

USDY, 2019

EV/EBIT

41.9 x

EV/CFO

23.7 x

EV/FCF

33.8 x

Financial Leverage

1.8 x

TrueBlue Operating Metrics

TrueBlue's Enterprise Customers was reported to be 122 k in Q2, 2017. TrueBlue's Users was reported to be 815 k in FY, 2016.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Branches

692 698 650 625 625

Enterprise Customers

135 k135 k135 k135 k130 k130 k130 k130 k124 k122 k122 k

Users

750 k750 k750 k750 k750 k840 k840 k840 k815 k

TrueBlue Employee Rating

2.7232 votes
Culture & Values
2.5
Work/Life Balance
2.6
Senior Management
2.2
Salary & Benefits
2.7
Career Opportunities
2.5
Source