PFGC FY 2016 Earnings Report — Performance Food Group Company Revenue & Financial Results | Market Cap Arena

Performance Food Group CompanyPFGC

FY 2016 Earnings

Reported August 30, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$16.1B	—	$15.3B	—	5.5%
Op. Income	$202M	—	$160M	—	26.3%
Gross Margin	12.5%	—	12.1%	—	0.4pp
Net Margin	0.4%	—	0.4%	—	0.1pp
EPS (Diluted)	$0.70	—	$0.64	—	9.4%
Free Cash Flow	$109M	—	$29M	—	277.8%

Revenue Flow

Item	Amount
REVENUE	$16.1B
Cost of Revenue	$14.1B
GROSS PROFIT	$2.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$1.8B
Operating Expenses	$1.8B
Cost & Expenses	$15.9B
OPERATING INCOME	$202M
Interest Income	$0
Interest Expense	$84M
Other Income/Expenses	-$88M
INCOME BEFORE TAX	$115M
Income Tax Expense	$46M
Net Income from Continuing Ops	$68M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$68M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$68M
D&A	$119M
EBIT	$198M
EBITDA	$317M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$16.1B
Cost of Revenue	$14.1B
GROSS PROFIT	$2.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$1.8B
Operating Expenses	$1.8B
Cost & Expenses	$15.9B
OPERATING INCOME	$202M
Interest Income	$0
Interest Expense	$84M
Other Income/Expenses	-$88M
INCOME BEFORE TAX	$115M
Income Tax Expense	$46M
Net Income from Continuing Ops	$68M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$68M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$68M
D&A	$119M
EBIT	$198M
EBITDA	$317M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$68M
Depreciation & Amortization	$119M
Stock-Based Compensation	$17M
Deferred Income Tax	-$400.0K
Other Non-Cash Items	$33M
Change in Working Capital	-$9M
OPERATING CASH FLOW	$229M
Capital Expenditure	-$120M
Acquisitions (Net)	-$39M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$1M
NET CASH FROM INVESTING	-$158M
Net Debt Issuance	-$291M
Common Stock Repurchased	-$900.0K
Common Dividends Paid	$0
Other Financing Activities	-$11M
NET CASH FROM FINANCING	-$77M
FREE CASH FLOW	$109M
Net Change in Cash	-$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$11M
Short-Term Investments	$0
Net Receivables	$968M
Inventory	$920M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.9B
PP&E (Net)	$637M
Goodwill	$674M
Intangible Assets	$149M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$56M
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$3.5B
Account Payables	$918M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$165M
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$1.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$81M
Other Non-Current Liabilities	$112M
TOTAL NON-CURRENT LIABILITIES	$1.3B
TOTAL LIABILITIES	$2.7B
Common Stock	$1M
Additional Paid-In Capital	$837M
Retained Earnings	-$29M
Treasury Stock	$0
Accum. Other Comp. Income	-$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$803M
Minority Interest	$0
TOTAL EQUITY	$803M
TOTAL LIABILITIES & EQUITY	$3.5B
Total Debt	$1.1B
Net Debt	$1.1B