Summary - Funding Rounds

Founding Date

1986
VCA is a subsidiary of Mars

VCA Income Statement

Annual

USDFY, 2016

Revenue

2.5b

Revenue growth, %

18%

General and administrative expense

204.7m

Operating expense total

204.7m

EBIT

386.3m

EBIT margin, %

15%

Interest expense

32.9m

Interest income

448.0k

Pre tax profit

353.2m

Income tax expense

135.8m

Net Income

217.4m

Quarterly

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

Revenue

563.4m653.5m656.9m678.3m743.1m

General and administrative expense

50.1m48.2m49.3m58.4m59.8m

Operating expense total

50.1m48.2m49.3m58.4m59.8m

EBIT

86.1m116.0m107.0m95.8m125.1m

EBIT margin, %

15%18%16%14%17%

Interest expense

7.1m7.9m9.3m9.0m10.2m

Pre tax profit

79.3m107.2m97.8m87.1m115.2m

Income tax expense

31.5m40.7m37.0m34.6m44.8m

Net Income

47.7m66.4m60.8m52.5m70.4m

VCA Balance Sheet

Annual

usdY, 2009Y, 2010FY, 2010Y, 2011FY, 2011FY, 2012Y, 2012Y, 2013FY, 2013FY, 2014Y, 2014FY, 2015FY, 2016

Cash

145.2m97.1m97.1m63.7m63.7m68.4m68.4m125.0m125.0m81.4m81.4m98.9m81.4m

Accounts Receivable

49.2m58.3m55.9m59.9m60.5m76.6m

Prepaid Expenses

21.9m25.1m25.4m36.9m30.5m

Inventories

40.8m48.7m51.5m55.1m55.1m56.1m56.1m51.5m57.6m

Current Assets

246.3m237.2m243.5m309.8m309.8m283.4m283.4m282.2m281.0m

PP&E

331.7m370.6m403.4m448.4m448.4m468.0m468.0m507.8m613.2m

Goodwill

1.1b1.2b1.3b1.3b1.3b1.4b1.4b1.5b2.2b

Total Assets

1.8b2.0b2.1b2.2b2.2b2.3b2.3b2.5b3.4b

Accounts Payable

32.0m37.8m39.4m37.0m37.0m46.3m46.3m52.3m68.6m

Short-term debt

28.1m32.6m39.0m51.1m51.1m19.4m19.4m33.6m

Current Liabilities

141.6m157.0m185.4m204.1m204.1m197.2m197.2m232.3m296.5m

Long-term debt

498.9m586.3m591.6m568.6m568.6m775.4m838.9m

Total Debt

527.0m618.9m630.6m619.6m619.6m794.8m33.6m

Total Liabilities

750.6m870.5m890.2m909.6m1.1b1.2b1.8b

Common Stock

86.0k87.0k88.0k89.0k83.0k81.0k

Preferred Stock

Additional Paid-in Capital

347.8m361.7m390.4m384.7m384.7m155.8m155.8m19.7m32.2m

Retained Earnings

650.3m745.7m791.2m928.7m928.7m1.1b1.1b1.3b1.5b

Total Equity

1.0b1.1b1.2b1.3b1.3b1.2b1.2b1.3b1.6b

Debt to Equity Ratio

0.5 x0.5 x0 x

Debt to Assets Ratio

0.3 x0.3 x0 x

Financial Leverage

1.7 x1.8 x1.8 x1.7 x1.7 x1.9 x1.9 x2 x2.2 x

Quarterly

USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

193.8m132.2m130.4m155.8m79.2m72.7m64.1m79.7m105.3m112.3m153.2m137.3m122.5m126.5m59.3m74.3m75.0m74.5m109.7m72.9m89.5m119.1m

Accounts Receivable

53.4m51.6m54.9m54.5m53.4m63.8m65.3m62.1m71.1m70.3m60.8m64.5m66.0m65.6m73.8m81.6m74.7m79.5m83.2m82.2m85.6m86.3m

Prepaid Expenses

22.7m23.2m24.1m23.9m24.3m24.9m24.7m25.1m23.7m39.9m32.8m30.4m27.9m30.8m33.1m36.2m33.9m38.4m42.7m

Inventories

34.1m34.6m43.1m42.7m46.9m52.7m54.3m53.5m54.1m51.4m51.9m54.2m42.5m50.3m55.1m53.8m51.6m55.0m61.8m60.8m56.8m56.5m

Current Assets

335.6m274.2m275.3m307.5m233.7m246.3m256.6m268.9m288.4m292.9m318.6m309.3m309.2m304.2m248.9m274.4m262.4m249.9m292.0m249.8m270.4m304.6m

PP&E

302.5m324.2m334.3m341.1m361.5m377.1m384.7m392.4m406.8m429.7m445.4m449.4m445.2m450.6m472.9m477.9m492.5m540.0m564.0m582.8m645.7m656.4m

Goodwill

1.0b1.1b1.1b1.1b1.3b1.3b1.3b1.4b1.3b1.3b1.3b1.3b1.4b1.4b1.4b1.5b1.5b1.7b2.0b2.1b2.2b2.3b

Total Assets

1.7b1.8b1.8b1.8b2.0b2.1b2.2b2.2b2.1b2.2b2.2b2.2b2.3b2.3b2.3b2.4b2.4b2.7b3.2b3.2b3.5b3.5b

Accounts Payable

28.8m28.5m30.7m30.7m34.2m40.1m34.8m37.9m45.6m37.8m37.8m36.2m43.8m38.9m41.0m42.1m45.5m46.6m53.2m54.2m61.5m57.2m

Short-term debt

508.7m28.2m27.8m27.8m28.5m34.9m35.0m35.0m42.9m46.9m51.2m50.8m50.8m11.7m26.6m33.9m34.0m33.9m26.0m32.5m43.9m49.3m

Current Liabilities

635.4m147.5m146.5m151.8m154.4m185.3m172.9m184.4m210.8m199.0m215.2m205.4m209.0m190.3m218.3m221.7m239.5m246.4m241.9m250.8m289.6m300.4m

Long-term debt

23.6m502.2m492.0m485.1m598.9m621.9m613.2m604.4m579.0m588.0m581.1m555.6m543.0m648.7m766.6m819.4m847.1m918.6m1.3b1.2b1.3b1.3b

Total Debt

532.3m530.4m519.8m512.9m627.4m656.8m648.2m639.4m621.9m634.9m51.2m50.8m50.8m11.7m26.6m33.9m34.0m952.6m1.3b1.3b1.4b1.4b

Total Liabilities

760.5m769.1m752.0m755.8m875.3m951.3m938.6m948.6m907.2m904.0m914.8m897.0m888.7m965.2m1.1b1.2b1.2b1.3b1.7b1.7b1.8b1.8b

Common Stock

86.0k86.0k86.0k87.0k87.0k87.0k88.0k88.0k88.0k89.0k89.0k88.0k87.0k85.0k82.0k81.0k81.0k81.0k81.0k81.0k81.0k81.0k

Preferred Stock

Additional Paid-in Capital

342.3m344.9m347.6m351.2m355.1m378.6m379.6m382.5m395.6m394.3m398.1m380.3m346.8m261.8m116.1m72.6m16.1m22.7m28.7m33.0m37.0m41.0m

Retained Earnings

601.3m628.8m679.1m718.7m748.9m780.9m815.2m849.3m821.7m863.4m904.0m962.8m1.0b1.0b1.1b1.2b1.2b1.3b1.4b1.4b1.5b1.6b

Total Equity

960.3m994.4m1.0b1.1b1.1b1.2b1.2b1.2b1.2b1.3b1.3b1.3b1.4b1.3b1.2b1.2b1.2b1.3b1.5b1.5b1.6b1.7b

Debt to Equity Ratio

0 x0 x0 x0 x0 x0 x0 x0.7 x0.9 x0.8 x0.9 x

Debt to Assets Ratio

0 x0 x0 x0 x0 x0 x0 x0.4 x0.4 x0.4 x0.4 x

Financial Leverage

1.8 x1.8 x1.7 x1.7 x1.8 x1.8 x1.8 x1.8 x1.7 x1.7 x1.7 x1.7 x1.7 x1.8 x1.9 x2 x2 x2 x2.2 x2.1 x2.1 x2.1 x

VCA Cash Flow

Quarterly

USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

61.3m88.8m28.8m68.5m98.6m35.2m69.6m103.6m30.5m72.1m117.2m34.9m81.8m110.8m39.6m92.6m147.5m46.2m110.3m168.5m51.1m118.8m

Depreciation and Amortization

21.7m33.4m13.4m26.5m41.4m16.6m37.4m56.9m18.2m37.7m57.8m19.8m39.8m59.7m19.8m40.2m60.6m21.3m47.0m74.1m30.4m60.9m

Accounts Receivable

(7.3m)(7.5m)(6.9m)(7.8m)(7.0m)(4.6m)(6.9m)(5.1m)(16.1m)(17.7m)(10.0m)(5.8m)(8.9m)(9.7m)(14.6m)(24.2m)(20.6m)(3.3m)(7.1m)(8.0m)(1.6m)(5.3m)

Accounts Payable

13.7m7.0m(8.1m)(8.0m)(8.3m)814.0k(1.8m)3.2m12.1m4.3m4.9m(3.8m)1.2m2.9m(7.0m)(4.2m)(2.5m)(4.8m)5.9m11.1m3.5m8.8m

Cash From Operating Activities

111.3m143.5m61.2m115.6m163.6m73.7m108.7m188.4m75.3m128.1m219.0m68.3m128.1m225.0m80.6m129.8m247.0m93.9m190.7m290.9m100.3m215.3m

Purchases of PP&E

(27.9m)(47.7m)(12.0m)(28.4m)(43.3m)(16.1m)(37.2m)(55.3m)(18.0m)(33.1m)(52.7m)(16.6m)(28.0m)(50.1m)(16.5m)(34.5m)(61.5m)(25.8m)(58.8m)(90.5m)(28.9m)(54.6m)

Cash From Investing Activities

(49.7m)(98.3m)(19.2m)(42.5m)(235.8m)(81.3m)(112.9m)(166.4m)(25.2m)(55.9m)(94.4m)(32.5m)(54.2m)(111.2m)(50.7m)(94.7m)(174.8m)(193.5m)(604.3m)(696.1m)(116.5m)(184.6m)

Short-term Borrowings

(50.0m)(50.0m)(50.0m)(50.0m)(65.0m)(30.0m)

Long-term Borrowings

(12.9m)(548.6m)(7.3m)(14.2m)(90.9m)(34.6m)(43.3m)(52.0m)(8.7m)(17.4m)(28.5m)(12.8m)(26.2m)(564.0m)(5.2m)(7.9m)(20.2m)(9.7m)(1.3b)(1.3b)(17.8m)(28.3m)

Dividends Paid

2.0m3.3m(415.0k)(607.0k)(1.0m)(426.0k)(635.0k)(1.1m)(559.0k)(2.2m)(3.3m)(502.0k)(970.0k)(1.6m)(598.0k)(1.1m)(1.8m)(637.0k)(1.2m)(2.7m)(534.0k)(983.0k)

Cash From Financing Activities

(13.0m)(58.1m)(8.9m)(14.6m)54.7m16.6m4.6m(6.5m)(13.1m)(27.8m)(39.3m)(23.3m)(76.2m)(111.9m)(51.7m)(42.2m)(77.8m)74.9m424.1m379.1m24.2m6.8m

Net Change in Cash

48.6m(12.9m)33.3m58.7m(17.9m)9.1m416.0k16.0m36.9m43.8m84.7m12.3m(2.5m)1.5m(22.1m)(7.1m)(6.4m)(24.4m)10.8m(26.0m)8.1m37.6m

Interest Paid

6.1m9.2m3.8m8.1m12.2m3.9m7.8m11.6m4.0m3.7m7.5m10.6m4.5m8.9m13.7m5.2m12.3m17.8m7.9m16.0m

Income Taxes Paid

40.8m62.0m976.0k25.7m40.6m1.9m32.7m48.7m3.8m6.9m43.0m57.1m3.1m44.3m67.8m14.2m47.3m68.7m7.1m62.7m

VCA Employee Rating

3.0724 votes
Culture & Values
2.9
Work/Life Balance
2.8
Senior Management
2.5
Salary & Benefits
2.7
Career Opportunities
2.9
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