UNFI FY 2010 Earnings Report — United Natural Foods, Inc. Revenue & Financial Results | Market Cap Arena

United Natural Foods, Inc.UNFI

FY 2010 Earnings

Reported September 27, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$3.8B	—	$3.5B	—	8.7%
Op. Income	$115M	—	$110M	—	4.5%
Gross Margin	18.5%	—	19.1%	—	-0.6pp
Net Margin	1.8%	—	1.7%	—	0.1pp
EPS (Diluted)	$1.57	—	$1.38	—	13.8%
Free Cash Flow	$11M	—	$76M	—	-85.5%

Revenue Flow

Item	Amount
REVENUE	$3.8B
Cost of Revenue	$3.1B
GROSS PROFIT	$697M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$582M
Operating Expenses	$582M
Cost & Expenses	$3.6B
OPERATING INCOME	$115M
Interest Income	$247.0K
Interest Expense	$6M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$112M
Income Tax Expense	$44M
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	$27M
EBIT	$118M
EBITDA	$145M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$3.8B
Cost of Revenue	$3.1B
GROSS PROFIT	$697M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$582M
Operating Expenses	$582M
Cost & Expenses	$3.6B
OPERATING INCOME	$115M
Interest Income	$247.0K
Interest Expense	$6M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$112M
Income Tax Expense	$44M
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	$27M
EBIT	$118M
EBITDA	$145M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$68M
Depreciation & Amortization	$27M
Stock-Based Compensation	$8M
Deferred Income Tax	$5M
Other Non-Cash Items	-$3M
Change in Working Capital	-$39M
OPERATING CASH FLOW	$66M
Capital Expenditure	-$55M
Acquisitions (Net)	-$66M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$3M
NET CASH FROM INVESTING	-$119M
Net Debt Issuance	$47M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$416.0K
NET CASH FROM FINANCING	$56M
FREE CASH FLOW	$11M
Net Change in Cash	$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$14M
Short-Term Investments	$0
Net Receivables	$220M
Inventory	$440M
Other Current Assets	$21M
TOTAL CURRENT ASSETS	$716M
PP&E (Net)	$279M
Goodwill	$191M
Intangible Assets	$47M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$18M
TOTAL NON-CURRENT ASSETS	$535M
TOTAL ASSETS	$1.3B
Account Payables	$192M
Short-Term Debt	$248M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$522M
Long-Term Debt	$48M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$21M
Other Non-Current Liabilities	$29M
TOTAL NON-CURRENT LIABILITIES	$98M
TOTAL LIABILITIES	$620M
Common Stock	$435.0K
Additional Paid-In Capital	$189M
Retained Earnings	$444M
Treasury Stock	-$708.0K
Accum. Other Comp. Income	-$1M
Other Equity	-$713.0K
TOTAL STOCKHOLDERS' EQUITY	$630M
Minority Interest	$0
TOTAL EQUITY	$630M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$296M
Net Debt	$282M