Exhibit 99.1
ARAMARK CORPORATION AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP MEASURES
ADJUSTED SALES GROWTH
(Unaudited)
(In thousands)
Management believes that presentation of sales growth adjusted to eliminate the effects of acquisitions, divestitures and the impact of currency translation, provides useful information to investors because it enhances comparability between the current year and prior year reporting periods. Elimination of the currency translation effect provides constant currency comparisons without the distortion of currency rate fluctuations.
Fiscal Year Ended | % Change | ||||||||||
September 29, 2006 | September 30, 2005 | ||||||||||
ARAMARK Corporation Consolidated Sales (as reported) | $ | 11,621,173 | $ | 10,963,360 | 6 | % | |||||
Effect of Currency Translation | — | 19,049 | |||||||||
Effect of Acquisitions and Divestitures | (137,344 | ) | (95,558 | ) | |||||||
ARAMARK Corporation Consolidated Sales (as adjusted) | $ | 11,483,829 | $ | 10,886,851 | 5 | % | |||||
ARAMARK CORPORATION AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP MEASURES
ADJUSTED OPERATING INCOME
(Unaudited)
(In thousands)
Management believes that presentation of operating income adjusted to eliminate the effects of acquisitions, divestitures, the impact of currency translation, for fiscal 2006, the effects of SFAS No. 123R stock option expense ($16.0 million), the goodwill impairment and adjustments to asset and liability carrying values in the Uniform and Career Apparel—Direct Marketing segment (approximately $43.0 million), and proposed merger transaction costs ($6.4 million), and for fiscal 2005, the effects of the gain from a real estate sale by an equity affiliate ($9.7 million) and the charge for the exit of the West Africa oil services business and UK severance costs ($7.4 million), provides useful information to investors because it enhances comparability between the current year and prior year reporting periods. Elimination of the currency translation effect provides constant currency comparisons without the distortion of currency rate fluctuations.
Fiscal Year Ended | % Change | ||||||||||
September 29, 2006 | September 30, 2005 | ||||||||||
ARAMARK Corporation Consolidated Operating Income (as reported) | $ | 530,531 | $ | 580,172 | -9 | % | |||||
SFAS No. 123R Stock Option Expense | 16,041 | — | |||||||||
Goodwill Impairment and Adjustments to Asset and Liability Carrying Values in the Uniform and Career Apparel—Direct Marketing Segment | 42,937 | — | |||||||||
Proposed Merger Transaction Costs | 6,428 | — | |||||||||
Gain from Real Estate Sale by Equity Affiliate | — | (9,737 | ) | ||||||||
Charge for Exit of West Africa Oil Services Business and UK Severance Costs | — | 7,403 | |||||||||
Effect of Currency Translation | — | 716 | |||||||||
Effect of Acquisitions and Divestitures | (7,955 | ) | (5,338 | ) | |||||||
ARAMARK Corporation Consolidated Operating Income (as adjusted) | $ | 587,982 | $ | 573,216 | 3 | % | |||||
ARAMARK CORPORATION AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP MEASURES
ADJUSTED OPERATING INCOME
(Unaudited)
(In thousands)
Management believes that presentation of operating income growth adjusted to eliminate for fiscal 2005 the effect of the gain from a real estate sale by an equity affiliate ($9.7 million), provides useful information to investors because it enhances comparability between the current year and prior year reporting periods.
Fiscal Year Ended | % Change | |||||||||
September 29, 2006 | September 30, 2005 | |||||||||
Food and Support Services—U.S. Operating Income (as reported) | $ | 397,896 | $ | 403,056 | -1 | % | ||||
Gain from Real Estate Sale by Equity Affiliate | — | (9,737 | ) | |||||||
Food and Support Services—U.S. Operating Income (as adjusted) | $ | 397,896 | $ | 393,319 | 1 | % | ||||
ARAMARK CORPORATION AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP MEASURES
ADJUSTED OPERATING INCOME
(Unaudited)
(In thousands)
Management believes that presentation of operating income growth adjusted to eliminate for fiscal 2005 the effect of the charge for the exit of the West Africa oil services business and UK severance costs ($7.4 million), provides useful information to investors because it enhances comparability between the current year and prior year reporting periods.
Fiscal Year Ended | % Change | ||||||||
September 29, 2006 | September 30, 2005 | ||||||||
Food and Support Services—International Operating Income (as reported) | $ | 109,399 | $ | 77,981 | 40 | % | |||
Charge for Exit of West Africa Oil Services Business and UK Severance Costs | — | 7,403 | |||||||
Food and Support Services—International Operating Income (as adjusted) | $ | 109,399 | $ | 85,384 | 28 | % | |||
ARAMARK CORPORATION AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP MEASURES
ADJUSTED SALES GROWTH
(Unaudited)
(In thousands)
Management believes that presentation of sales growth adjusted to eliminate the effects of acquisitions, divestitures and the impact of currency translation, provides useful information to investors because it enhances comparability between the current year and prior year reporting periods. Elimination of the currency translation effect provides constant currency comparisons without the distortion of currency rate fluctuations.
Fiscal Year Ended | % Change | ||||||||||
September 30, 2005 | October 1, 2004 | ||||||||||
ARAMARK Corporation Consolidated Sales (as reported) | $ | 10,963,360 | $ | 10,192,240 | 8 | % | |||||
Effect of Currency Translation | — | 98,814 | |||||||||
Effect of Acquisitions and Divestitures | (315,053 | ) | (47,238 | ) | |||||||
ARAMARK Corporation Consolidated Sales (as adjusted) | $ | 10,648,307 | $ | 10,243,816 | 4 | % | |||||
ARAMARK CORPORATION AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP MEASURES
ADJUSTED OPERATING INCOME
(Unaudited)
(In thousands)
Management believes that presentation of operating income adjusted to eliminate the effects of acquisitions, divestitures and the impact of currency translation, provides useful information to investors because it enhances comparability between the current year and prior year reporting periods. Elimination of the currency translation effect provides constant currency comparisons without the distortion of currency rate fluctuations.
Fiscal Year Ended | % Change | ||||||||||
September 30, 2005 | October 1, 2004 | ||||||||||
ARAMARK Corporation Consolidated Operating Income (as reported) | $ | 580,172 | $ | 537,578 | 8 | % | |||||
Effect of Currency Translation | — | 3,588 | |||||||||
Effect of Acquisitions and Divestitures | (11,822 | ) | (4,026 | ) | |||||||
ARAMARK Corporation Consolidated Operating Income (as adjusted) | $ | 568,350 | $ | 537,140 | 6 | % | |||||
ARAMARK CORPORATION AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP MEASURES
ADJUSTED OPERATING INCOME
(Unaudited)
(In thousands)
Management believes that presentation of operating income growth adjusted to eliminate for fiscal 2005 the effect of the gain from a real estate sale by an equity affiliate ($9.7 million), provides useful information to investors because it enhances comparability between the current year and prior year reporting periods.
Fiscal Year Ended | % Change | |||||||||
September 30, 2005 | October 1, 2004 | |||||||||
Food and Support Services—U.S. Operating Income (as reported) | $ | 403,056 | $ | 375,840 | 7 | % | ||||
Gain from Real Estate Sale by Equity Affiliate | (9,737 | ) | — | |||||||
Food and Support Services—U.S. Operating Income (as adjusted) | $ | 393,319 | $ | 375,840 | 5 | % | ||||