UNFI FY 2013 Earnings Report — United Natural Foods, Inc. Revenue & Financial Results | Market Cap Arena

United Natural Foods, Inc.UNFI

FY 2013 Earnings

Reported October 1, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$6.1B	—	$5.2B	—	15.8%
Op. Income	$185M	—	$155M	—	19.6%
Gross Margin	16.9%	—	17.5%	—	-0.6pp
Net Margin	1.8%	—	1.7%	—	0.0pp
EPS (Diluted)	$2.18	—	$1.86	—	17.2%
Free Cash Flow	-$22M	—	$35M	—	-163.9%

Revenue Flow

Item	Amount
REVENUE	$6.1B
Cost of Revenue	$5.0B
GROSS PROFIT	$1.0B
R&D Expenses	$0
Selling & Marketing	$359M
General & Administrative	$479M
SG&A Expenses	$838M
Other Expenses	-$6M
Operating Expenses	$838M
Cost & Expenses	$5.9B
OPERATING INCOME	$185M
Interest Income	$632.0K
Interest Expense	$6M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$174M
Income Tax Expense	$66M
Net Income from Continuing Ops	$108M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$108M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$108M
D&A	$42M
EBIT	$180M
EBITDA	$222M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$6.1B
Cost of Revenue	$5.0B
GROSS PROFIT	$1.0B
R&D Expenses	$0
Selling & Marketing	$359M
General & Administrative	$479M
SG&A Expenses	$838M
Other Expenses	-$6M
Operating Expenses	$838M
Cost & Expenses	$5.9B
OPERATING INCOME	$185M
Interest Income	$632.0K
Interest Expense	$6M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$174M
Income Tax Expense	$66M
Net Income from Continuing Ops	$108M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$108M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$108M
D&A	$42M
EBIT	$180M
EBITDA	$222M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$108M
Depreciation & Amortization	$42M
Stock-Based Compensation	$0
Deferred Income Tax	$7M
Other Non-Cash Items	$18M
Change in Working Capital	-$131M
OPERATING CASH FLOW	$44M
Capital Expenditure	-$67M
Acquisitions (Net)	-$6M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$72M
Net Debt Issuance	$22M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$2M
NET CASH FROM FINANCING	$22M
FREE CASH FLOW	-$22M
Net Change in Cash	-$5M

Balance Sheet

Item	Amount
Cash & Equivalents	$11M
Short-Term Investments	$0
Net Receivables	$340M
Inventory	$702M
Other Current Assets	$62M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$339M
Goodwill	$202M
Intangible Assets	$50M
Long-Term Investments	-$24M
Tax Assets	$24M
Other Non-Current Assets	$25M
TOTAL NON-CURRENT ASSETS	$615M
TOTAL ASSETS	$1.7B
Account Payables	$284M
Short-Term Debt	$1M
Deferred Revenue	-$2M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$396M
Long-Term Debt	$164M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$43M
Other Non-Current Liabilities	$27M
TOTAL NON-CURRENT LIABILITIES	$234M
TOTAL LIABILITIES	$631M
Common Stock	$493.0K
Additional Paid-In Capital	$380M
Retained Earnings	$720M
Treasury Stock	$0
Accum. Other Comp. Income	-$1M
Other Equity	-$39.0K
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$1.7B
Total Debt	$165M
Net Debt	$154M