Aramark Services 8-K Results of Operations and Financial Condition

Exhibit 99.1

ARAMARK CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

(In Thousands)

	Three Months Ended October 2, 2009		Three Months Ended October 3, 2008
Sales	$	3,072,544	$	3,566,277
Costs and Expenses:
Cost of services provided		2,773,853		3,223,383
Depreciation and amortization		127,575		134,954
Selling and general corporate expenses		40,116		33,165
		2,941,544		3,391,502
Operating income		131,000		174,775
Interest and other financing costs, net		108,462		132,348
Income before income taxes		22,538		42,427
Provision for income taxes		6,107		8,803
Net income	$	16,431	$	33,624

Note:

The three month period of fiscal 2009 is a 13 week period and the three month period of fiscal 2008 is a 14 week period.

ARAMARK CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

(In Thousands)

	Fiscal Year Ended October 2, 2009			Fiscal Year Ended October 3, 2008
Sales	$	12,297,869		$	13,470,152
Costs and Expenses:
Cost of services provided		11,173,725			12,218,089
Depreciation and amortization		503,123			509,137
Selling and general corporate expenses		183,492			176,790
		11,860,340			12,904,016
Operating income		437,529			566,136
Interest and other financing costs, net		472,305			514,690
Income (loss) before income taxes		(34,776	)		51,446
Provision (benefit) for income taxes		(27,865	)		11,986
Net income (loss)	$	(6,911	)	$	39,460

Note:

The twelve month period ended October 2, 2009 is a 52 week period and the twelve month period ended October 3, 2008 is a 53 week period.

ARAMARK CORPORATION AND SUBSIDIARIES

SELECTED CONSOLIDATED BALANCE SHEET DATA

(Unaudited)

(In Thousands)

	October 2, 2009		October 3, 2008
Assets
Current Assets	$	1,688,434	$	1,798,320
Property and Equipment, net		1,160,511		1,223,096
Goodwill		4,526,376		4,512,133
Other Intangible Assets		2,056,337		2,215,321
Other Assets		867,767		774,533
	$	10,299,425	$	10,523,403
Liabilities and Shareholder’s Equity
Current Liabilities (1)	$	1,734,579	$	1,811,644
Long-Term Borrowings		5,677,740		5,804,880
Other Liabilities		1,350,346		1,337,472
Common Stock Subject to Repurchase		176,395		229,628
Total Shareholder’s Equity		1,360,365		1,339,779
	$	10,299,425	$	10,523,403

Note:

(1) Includes $43.9 million and $54.7 million of current maturities of long-term borrowings as of October 2, 2009 and October 3, 2008, respectively.

ARAMARK CORPORATION AND SUBSIDIARIES

SELECTED CONSOLIDATED CASH FLOW DATA

(Unaudited)

(In Thousands)

	Fiscal Year Ended October 2, 2009			Fiscal Year Ended October 3, 2008
Cash flows from operating activities:
Net income (loss)	$	(6,911	)	$	39,460
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization		503,123			509,137
Income taxes deferred		(68,064	)		(18,264	)
Stock-based compensation expense		25,396			11,760
Changes in noncash working capital		202,127			(88,300	)
Net change in proceeds from sale of receivables		(14,560	)		17,000
Other operating activities		66,124			23,357
Net cash provided by operating activities		707,235			494,150
Cash flows from investing activities:
Net purchases of property and equipment and client contract investments		(330,332	)		(350,397	)
Acquisitions and other investing activities		(134,465	)		(54,792	)
Net cash used in investing activities		(464,797	)		(405,189	)
Cash flows from financing activities:
Net payments of additional long-term borrowings		(146,842	)		(20,590	)
Proceeds from issuance of Parent Company common stock		3,380			5,417
Repurchase of Parent Company stock		(22,989	)		(9,870	)
Other financing activities		(262	)		1,363
Net cash used in financing activities		(166,713	)		(23,680	)
Increase in cash and cash equivalents	$	75,725		$	65,281

Notes:

(1) The twelve month period ended October 2, 2009 is a 52 week period and the twelve month period ended October 3, 2008 is a 53 week period.

(2) Certain prior period balances have been reclassified to conform to the current year presentation.

ARAMARK CORPORATION AND SUBSIDIARIES

SALES AND OPERATING INCOME BY SEGMENT

SUPPLEMENTAL DATA

(Unaudited)

(In Thousands)

	Three Months Ended October 2, 2009			Three Months Ended October 3, 2008
Sales
Food and Support Services - North America	$	2,123,090		$	2,374,711
Food and Support Services - International		580,370			730,064
Uniform and Career Apparel		369,084			461,502
	$	3,072,544		$	3,566,277
Operating Income
Food and Support Services - North America	$	98,340		$	116,681
Food and Support Services - International		20,481			21,441
Uniform and Career Apparel		21,780			34,329
		140,601			172,451
Corporate		(9,601	)		2,324
	$	131,000		$	174,775

Note:

The three month period of fiscal 2009 is a 13 week period and the three month period of fiscal 2008 is a 14 week period.

ARAMARK CORPORATION AND SUBSIDIARIES

SALES AND OPERATING INCOME BY SEGMENT

SUPPLEMENTAL DATA

(Unaudited)

(In Thousands)

	Fiscal Year Ended October 2, 2009			Fiscal Year Ended October 3, 2008
Sales
Food and Support Services - North America	$	8,393,476		$	8,924,863
Food and Support Services - International		2,326,746			2,783,033
Uniform and Career Apparel		1,577,647			1,762,256
	$	12,297,869		$	13,470,152
Operating Income
Food and Support Services - North America	$	349,348		$	386,804
Food and Support Services - International		83,414			97,181
Uniform and Career Apparel		61,837			126,615
		494,599			610,600
Corporate		(57,070	)		(44,464	)
	$	437,529		$	566,136

Note:

The twelve month period ended October 2, 2009 is a 52 week period and the twelve month period ended October 3, 2008 is a 53 week period.