PFGC FY 2018 Earnings Report — Performance Food Group Company Revenue & Financial Results | Market Cap Arena

Performance Food Group CompanyPFGC

FY 2018 Earnings

Reported August 16, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$17.6B	—	$16.8B	—	5.1%
Op. Income	$254M	—	$211M	—	20.1%
Gross Margin	13.0%	—	12.7%	—	0.3pp
Net Margin	1.1%	—	0.6%	—	0.6pp
EPS (Diluted)	$1.90	—	$0.93	—	104.3%
Free Cash Flow	$227M	—	$62M	—	268.9%

Revenue Flow

Item	Amount
REVENUE	$17.6B
Cost of Revenue	$15.3B
GROSS PROFIT	$2.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$2.0B
Operating Expenses	$2.0B
Cost & Expenses	$17.4B
OPERATING INCOME	$254M
Interest Income	$0
Interest Expense	$60M
Other Income/Expenses	-$60M
INCOME BEFORE TAX	$194M
Income Tax Expense	-$5M
Net Income from Continuing Ops	$199M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$199M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$199M
D&A	$130M
EBIT	$254M
EBITDA	$384M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$17.6B
Cost of Revenue	$15.3B
GROSS PROFIT	$2.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$2.0B
Operating Expenses	$2.0B
Cost & Expenses	$17.4B
OPERATING INCOME	$254M
Interest Income	$0
Interest Expense	$60M
Other Income/Expenses	-$60M
INCOME BEFORE TAX	$194M
Income Tax Expense	-$5M
Net Income from Continuing Ops	$199M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$199M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$199M
D&A	$130M
EBIT	$254M
EBITDA	$384M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$199M
Depreciation & Amortization	$130M
Stock-Based Compensation	$22M
Deferred Income Tax	$1M
Other Non-Cash Items	$25M
Change in Working Capital	-$10M
OPERATING CASH FLOW	$367M
Capital Expenditure	-$140M
Acquisitions (Net)	-$71M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$209M
Net Debt Issuance	-$133M
Common Stock Repurchased	-$28M
Common Dividends Paid	$0
Other Financing Activities	$100.0K
NET CASH FROM FINANCING	-$161M
FREE CASH FLOW	$227M
Net Change in Cash	-$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$8M
Short-Term Investments	$0
Net Receivables	$1.1B
Inventory	$1.1B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.2B
PP&E (Net)	$796M
Goodwill	$741M
Intangible Assets	$194M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$68M
TOTAL NON-CURRENT ASSETS	$1.8B
TOTAL ASSETS	$4.0B
Account Payables	$973M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$261M
TOTAL CURRENT LIABILITIES	$1.5B
Long-Term Debt	$1.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$106M
Other Non-Current Liabilities	$114M
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$2.9B
Common Stock	$1M
Additional Paid-In Capital	$861M
Retained Earnings	$265M
Treasury Stock	$0
Accum. Other Comp. Income	$8M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$4.0B
Total Debt	$1.2B
Net Debt	$1.2B