PFGC FY 2017 Earnings Report — Performance Food Group Company Revenue & Financial Results | Market Cap Arena

Performance Food Group CompanyPFGC

FY 2017 Earnings

Reported August 25, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$16.8B	—	$16.1B	—	4.1%
Op. Income	$211M	—	$202M	—	4.4%
Gross Margin	12.7%	—	12.5%	—	0.2pp
Net Margin	0.6%	—	0.4%	—	0.2pp
EPS (Diluted)	$0.93	—	$0.70	—	32.9%
Free Cash Flow	$62M	—	$109M	—	-43.5%

Revenue Flow

Item	Amount
REVENUE	$16.8B
Cost of Revenue	$14.6B
GROSS PROFIT	$2.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$1.9B
Operating Expenses	$1.9B
Cost & Expenses	$16.6B
OPERATING INCOME	$211M
Interest Income	$0
Interest Expense	$55M
Other Income/Expenses	-$53M
INCOME BEFORE TAX	$158M
Income Tax Expense	$61M
Net Income from Continuing Ops	$96M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$96M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$96M
D&A	$126M
EBIT	$213M
EBITDA	$339M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$16.8B
Cost of Revenue	$14.6B
GROSS PROFIT	$2.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$1.9B
Operating Expenses	$1.9B
Cost & Expenses	$16.6B
OPERATING INCOME	$211M
Interest Income	$0
Interest Expense	$55M
Other Income/Expenses	-$53M
INCOME BEFORE TAX	$158M
Income Tax Expense	$61M
Net Income from Continuing Ops	$96M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$96M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$96M
D&A	$126M
EBIT	$213M
EBITDA	$339M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$96M
Depreciation & Amortization	$126M
Stock-Based Compensation	$17M
Deferred Income Tax	$6M
Other Non-Cash Items	$8M
Change in Working Capital	-$52M
OPERATING CASH FLOW	$202M
Capital Expenditure	-$140M
Acquisitions (Net)	-$193M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$1M
NET CASH FROM INVESTING	-$332M
Net Debt Issuance	$130M
Common Stock Repurchased	-$4M
Common Dividends Paid	$0
Other Financing Activities	$2M
NET CASH FROM FINANCING	$128M
FREE CASH FLOW	$62M
Net Change in Cash	-$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$8M
Short-Term Investments	$0
Net Receivables	$1.0B
Inventory	$1.0B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.1B
PP&E (Net)	$741M
Goodwill	$719M
Intangible Assets	$201M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$59M
TOTAL NON-CURRENT ASSETS	$1.7B
TOTAL ASSETS	$3.8B
Account Payables	$907M
Short-Term Debt	$6M
Deferred Revenue	$0
Other Current Liabilities	$218M
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$1.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$103M
Other Non-Current Liabilities	$106M
TOTAL NON-CURRENT LIABILITIES	$1.5B
TOTAL LIABILITIES	$2.9B
Common Stock	$1M
Additional Paid-In Capital	$856M
Retained Earnings	$67M
Treasury Stock	$0
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$926M
Minority Interest	$0
TOTAL EQUITY	$926M
TOTAL LIABILITIES & EQUITY	$3.8B
Total Debt	$1.3B
Net Debt	$1.3B