USFD FY 2015 Earnings Report — US Foods Holding Corp. Revenue & Financial Results | Market Cap Arena

US Foods Holding Corp.USFD

FY 2015 Earnings

Reported February 27, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$23.1B	—	$23.0B	—	0.5%
Op. Income	$190M	—	$252M	—	-24.7%
Gross Margin	17.4%	—	16.5%	—	0.9pp
Net Margin	0.7%	—	-0.3%	—	1.0pp
EPS (Diluted)	$0.87	—	$-0.38	—	328.9%
Free Cash Flow	$368M	—	$255M	—	44.4%

Revenue Flow

Item	Amount
REVENUE	$23.1B
Cost of Revenue	$19.1B
GROSS PROFIT	$4.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$3.7B
Other Expenses	$173M
Operating Expenses	$3.8B
Cost & Expenses	$22.9B
OPERATING INCOME	$190M
Interest Income	$0
Interest Expense	$285M
Other Income/Expenses	$2M
INCOME BEFORE TAX	$192M
Income Tax Expense	$25M
Net Income from Continuing Ops	$168M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$168M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$168M
D&A	$399M
EBIT	$477M
EBITDA	$877M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$23.1B
Cost of Revenue	$19.1B
GROSS PROFIT	$4.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$3.7B
Other Expenses	$173M
Operating Expenses	$3.8B
Cost & Expenses	$22.9B
OPERATING INCOME	$190M
Interest Income	$0
Interest Expense	$285M
Other Income/Expenses	$2M
INCOME BEFORE TAX	$192M
Income Tax Expense	$25M
Net Income from Continuing Ops	$168M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$168M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$168M
D&A	$399M
EBIT	$477M
EBITDA	$877M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$168M
Depreciation & Amortization	$399M
Stock-Based Compensation	$16M
Deferred Income Tax	$18M
Other Non-Cash Items	$29M
Change in Working Capital	-$74M
OPERATING CASH FLOW	$556M
Capital Expenditure	-$187M
Acquisitions (Net)	-$69M
Purchases of Investments	-$22M
Sales/Maturities of Investments	$5M
Other Investing Activities	$8M
NET CASH FROM INVESTING	-$271M
Net Debt Issuance	-$87M
Common Stock Repurchased	-$20M
Common Dividends Paid	$0
Other Financing Activities	-$4M
NET CASH FROM FINANCING	-$110M
FREE CASH FLOW	$368M
Net Change in Cash	$174M

Balance Sheet

Item	Amount
Cash & Equivalents	$518M
Short-Term Investments	$0
Net Receivables	$1.3B
Inventory	$1.1B
Other Current Assets	$20M
TOTAL CURRENT ASSETS	$3.1B
PP&E (Net)	$1.8B
Goodwill	$3.9B
Intangible Assets	$478M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$57M
TOTAL NON-CURRENT ASSETS	$6.2B
TOTAL ASSETS	$9.2B
Account Payables	$1.1B
Short-Term Debt	$254M
Deferred Revenue	$0
Other Current Liabilities	$133M
TOTAL CURRENT LIABILITIES	$1.8B
Long-Term Debt	$4.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$456M
Other Non-Current Liabilities	$425M
TOTAL NON-CURRENT LIABILITIES	$5.6B
TOTAL LIABILITIES	$7.4B
Common Stock	$2M
Additional Paid-In Capital	$2.3B
Retained Earnings	-$346M
Treasury Stock	$0
Accum. Other Comp. Income	-$74M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.9B
Minority Interest	$0
TOTAL EQUITY	$1.9B
TOTAL LIABILITIES & EQUITY	$9.2B
Total Debt	$4.9B
Net Debt	$4.4B