## Founding Date | 1986 |

VCA is a subsidiary of Mars

USD | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 |
---|---|---|---|---|---|

## Revenue | 563.4m | 653.5m | 656.9m | 678.3m | 743.1m |

## General and administrative expense | 50.1m | 48.2m | 49.3m | 58.4m | 59.8m |

## Operating expense total | 50.1m | 48.2m | 49.3m | 58.4m | 59.8m |

## EBIT | 86.1m | 116.0m | 107.0m | 95.8m | 125.1m |

| 15% | 18% | 16% | 14% | 17% |

## Interest expense | 7.1m | 7.9m | 9.3m | 9.0m | 10.2m |

## Pre tax profit | 79.3m | 107.2m | 97.8m | 87.1m | 115.2m |

## Income tax expense | 31.5m | 40.7m | 37.0m | 34.6m | 44.8m |

## Net Income | 47.7m | 66.4m | 60.8m | 52.5m | 70.4m |

USD | Y, 2009 | FY, 2010 | Y, 2010 | Y, 2011 | FY, 2011 | Y, 2012 | FY, 2012 | Y, 2013 | FY, 2013 | FY, 2014 | Y, 2014 | FY, 2015 | FY, 2016 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Cash | 145.2m | 97.1m | 97.1m | 63.7m | 63.7m | 68.4m | 68.4m | 125.0m | 125.0m | 81.4m | 81.4m | 98.9m | 81.4m |

## Accounts Receivable | 49.2m | 58.3m | 55.9m | 59.9m | 60.5m | 76.6m | |||||||

## Prepaid Expenses | 21.9m | 25.1m | 25.4m | 36.9m | 30.5m | ||||||||

## Inventories | 40.8m | 48.7m | 51.5m | 55.1m | 55.1m | 56.1m | 56.1m | 51.5m | 57.6m | ||||

## Current Assets | 246.3m | 237.2m | 243.5m | 309.8m | 309.8m | 283.4m | 283.4m | 282.2m | 281.0m | ||||

## PP&E | 331.7m | 370.6m | 403.4m | 448.4m | 448.4m | 468.0m | 468.0m | 507.8m | 613.2m | ||||

## Goodwill | 1.1b | 1.2b | 1.3b | 1.3b | 1.3b | 1.4b | 1.4b | 1.5b | 2.2b | ||||

## Total Assets | 1.8b | 2.0b | 2.1b | 2.2b | 2.2b | 2.3b | 2.3b | 2.5b | 3.4b | ||||

## Accounts Payable | 32.0m | 37.8m | 39.4m | 37.0m | 37.0m | 46.3m | 46.3m | 52.3m | 68.6m | ||||

## Short-term debt | 28.1m | 32.6m | 39.0m | 51.1m | 51.1m | 19.4m | 19.4m | 33.6m | |||||

## Current Liabilities | 141.6m | 157.0m | 185.4m | 204.1m | 204.1m | 197.2m | 197.2m | 232.3m | 296.5m | ||||

## Long-term debt | 498.9m | 586.3m | 591.6m | 568.6m | 568.6m | 775.4m | 838.9m | ||||||

## Total Debt | 527.0m | 618.9m | 630.6m | 619.6m | 619.6m | 794.8m | 33.6m | ||||||

## Total Liabilities | 750.6m | 870.5m | 890.2m | 909.6m | 1.1b | 1.2b | 1.8b | ||||||

## Common Stock | 86.0k | 87.0k | 88.0k | 89.0k | 83.0k | 81.0k | |||||||

## Preferred Stock | |||||||||||||

## Additional Paid-in Capital | 347.8m | 361.7m | 390.4m | 384.7m | 384.7m | 155.8m | 155.8m | 19.7m | 32.2m | ||||

## Retained Earnings | 650.3m | 745.7m | 791.2m | 928.7m | 928.7m | 1.1b | 1.1b | 1.3b | 1.5b | ||||

## Total Equity | 1.0b | 1.1b | 1.2b | 1.3b | 1.3b | 1.2b | 1.2b | 1.3b | 1.6b | ||||

## Debt to Equity Ratio | 0.5 x | 0.5 x | 0 x | ||||||||||

## Debt to Assets Ratio | 0.3 x | 0.3 x | 0 x | ||||||||||

## Financial Leverage | 1.7 x | 1.8 x | 1.8 x | 1.7 x | 1.7 x | 1.9 x | 1.9 x | 2 x | 2.2 x |

USD | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
---|---|---|---|---|---|---|---|

## Net Income | 110.2m | 95.4m | 45.6m | 142.9m | 140.7m | 216.1m | 217.4m |

## Depreciation and Amortization | 46.1m | 57.0m | 76.2m | 77.4m | 79.4m | 81.7m | 102.9m |

## Accounts Receivable | (7.0m) | (14.1m) | (1.6m) | 11.0m | (3.9m) | (28.7m) | (13.6m) |

## Accounts Payable | 7.5m | (5.4m) | 3.6m | 11.6m | 10.8m | 16.1m | |

## Cash From Operating Activities | 168.1m | 191.1m | 237.3m | 256.4m | 270.2m | 317.5m | 389.8m |

## Purchases of PP&E | (62.0m) | (63.5m) | (76.8m) | (73.3m) | (72.9m) | (95.2m) | (122.9m) |

## Cash From Investing Activities | (151.0m) | (271.3m) | (219.3m) | (126.7m) | (219.2m) | (203.7m) | (828.2m) |

## Short-term Borrowings | (50.0m) | (50.0m) | (95.0m) | ||||

## Long-term Borrowings | (555.5m) | (99.0m) | (60.8m) | (41.1m) | (568.0m) | (35.0m) | (1.3b) |

## Dividends Paid | 4.2m | (2.0m) | 1.8m | (1.9m) | (2.3m) | (2.5m) | (3.3m) |

## Cash From Financing Activities | (65.3m) | 47.0m | (13.5m) | (72.0m) | (93.8m) | (95.3m) | 421.3m |

## Net Change in Cash | (48.1m) | (33.5m) | 4.8m | 56.6m | (43.6m) | 17.5m | (17.5m) |

## Interest Paid | 13.4m | 15.1m | 15.4m | 16.4m | 15.0m | 18.5m | 25.3m |

## Income Taxes Paid | 77.2m | 55.7m | 61.5m | 61.8m | 75.1m | 74.3m | 94.3m |

USD | Y, 2009 |
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