G&K Services, Inc. is a market leader in branded identity apparel programs and facility services in the United States, and is the largest such provider in Canada. G&K operates over processing facilities and branch offices.
Industry:UNIFORM & RELATED Sector: Industrial Products Fiscal Year End:June Last Reported Quarter:03/31/12 Next EPS Date:08/14/12
Capital Structure Solvency and Cash Flow
Glaxo bought back shares worth £575 billion during 2Q11 and expects to repurchase shares towards the higher end of its £1-2 billion range in 2011. The company also declared a 2Q11 dividend of 16p, up 7% y/y.
Net cash inflow from operating activities for the six months ended June 30, 2011, was £2.28 billion, down 46.3% y/y, primarily due to lower contributions from pandemic products, Avandia and Valtrex. Net debt was £9.3 billion, which includes gross debt of £15.3 billion and cash and liquid investments of £6.0 billion. On June 30, 2011, Glaxo had short-term borrowings (including overdrafts) of £1.04 billion repayable within 12 months, with loans of £3.57 billion repayable in the subsequent year.
Last edited Wed Nov 02, 2011 03:50 AM by SreelaBose (Zacks Investment Research)
Governance Social Responsibility and Employee Relations
The company has a spate of drugs going generic. The firms believe that Glaxo’s new product launches and pipeline remain insufficient to offset the ongoing loss to generic competition for high-margin blockbuster products.
Last edited Wed Nov 02, 2011 03:51 AM by SreelaBose (Zacks Investment Research)
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