PFGC FY 2024 Earnings Report — Performance Food Group Company Revenue & Financial Results | Market Cap Arena

Performance Food Group CompanyPFGC

FY 2024 Earnings

Reported August 14, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$58.3B	—	$57.3B	—	1.8%
Op. Income	$826M	—	$766M	—	7.9%
Gross Margin	11.3%	—	10.9%	—	0.4pp
Net Margin	0.7%	—	0.7%	—	0.1pp
EPS (Diluted)	$2.79	—	$2.54	—	9.8%
Free Cash Flow	$767M	—	$562M	—	36.5%

Revenue Flow

Item	Amount
REVENUE	$58.3B
Cost of Revenue	$51.7B
GROSS PROFIT	$6.6B
R&D Expenses	$0
Selling & Marketing	$2.6B
General & Administrative	$2.6B
SG&A Expenses	$5.2B
Other Expenses	$557M
Operating Expenses	$5.8B
Cost & Expenses	$57.5B
OPERATING INCOME	$826M
Interest Income	$0
Interest Expense	$232M
Other Income/Expenses	-$230M
INCOME BEFORE TAX	$597M
Income Tax Expense	$161M
Net Income from Continuing Ops	$436M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$436M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$436M
D&A	$557M
EBIT	$829M
EBITDA	$1.4B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$58.3B
Cost of Revenue	$51.7B
GROSS PROFIT	$6.6B
R&D Expenses	$0
Selling & Marketing	$2.6B
General & Administrative	$2.6B
SG&A Expenses	$5.2B
Other Expenses	$557M
Operating Expenses	$5.8B
Cost & Expenses	$57.5B
OPERATING INCOME	$826M
Interest Income	$0
Interest Expense	$232M
Other Income/Expenses	-$230M
INCOME BEFORE TAX	$597M
Income Tax Expense	$161M
Net Income from Continuing Ops	$436M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$436M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$436M
D&A	$557M
EBIT	$829M
EBITDA	$1.4B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$436M
Depreciation & Amortization	$557M
Stock-Based Compensation	$42M
Deferred Income Tax	$11M
Other Non-Cash Items	$87M
Change in Working Capital	$31M
OPERATING CASH FLOW	$1.2B
Capital Expenditure	-$396M
Acquisitions (Net)	-$308M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$21M
NET CASH FROM INVESTING	-$683M
Net Debt Issuance	-$390M
Common Stock Repurchased	-$100M
Common Dividends Paid	$0
Other Financing Activities	$17M
NET CASH FROM FINANCING	-$473M
FREE CASH FLOW	$767M
Net Change in Cash	$8M

Balance Sheet

Item	Amount
Cash & Equivalents	$20M
Short-Term Investments	$0
Net Receivables	$2.6B
Inventory	$3.3B
Other Current Assets	$268M
TOTAL CURRENT ASSETS	$6.2B
PP&E (Net)	$3.7B
Goodwill	$2.4B
Intangible Assets	$971M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$186M
TOTAL NON-CURRENT ASSETS	$7.2B
TOTAL ASSETS	$13.4B
Account Payables	$2.6B
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$3.8B
Long-Term Debt	$3.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$498M
Other Non-Current Liabilities	$289M
TOTAL NON-CURRENT LIABILITIES	$5.5B
TOTAL LIABILITIES	$9.3B
Common Stock	$2M
Additional Paid-In Capital	$2.8B
Retained Earnings	$1.3B
Treasury Stock	$0
Accum. Other Comp. Income	$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.1B
Minority Interest	$0
TOTAL EQUITY	$4.1B
TOTAL LIABILITIES & EQUITY	$13.4B
Total Debt	$5.0B
Net Debt	$5.0B