USFD FY 2016 Earnings Report — US Foods Holding Corp. Revenue & Financial Results | Market Cap Arena

US Foods Holding Corp.USFD

FY 2016 Earnings

Reported February 27, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$22.9B	—	$23.1B	—	-0.9%
Op. Income	$419M	—	$190M	—	120.7%
Gross Margin	17.7%	—	17.4%	—	0.3pp
Net Margin	0.9%	—	0.7%	—	0.2pp
EPS (Diluted)	$1.03	—	$0.87	—	18.4%
Free Cash Flow	$385M	—	$368M	—	4.5%

Revenue Flow

Item	Amount
REVENUE	$22.9B
Cost of Revenue	$18.9B
GROSS PROFIT	$4.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$3.6B
Other Expenses	$53M
Operating Expenses	$3.6B
Cost & Expenses	$22.5B
OPERATING INCOME	$419M
Interest Income	$0
Interest Expense	$229M
Other Income/Expenses	-$288M
INCOME BEFORE TAX	$131M
Income Tax Expense	-$79M
Net Income from Continuing Ops	$210M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$210M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$210M
D&A	$421M
EBIT	$360M
EBITDA	$781M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$22.9B
Cost of Revenue	$18.9B
GROSS PROFIT	$4.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$3.6B
Other Expenses	$53M
Operating Expenses	$3.6B
Cost & Expenses	$22.5B
OPERATING INCOME	$419M
Interest Income	$0
Interest Expense	$229M
Other Income/Expenses	-$288M
INCOME BEFORE TAX	$131M
Income Tax Expense	-$79M
Net Income from Continuing Ops	$210M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$210M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$210M
D&A	$421M
EBIT	$360M
EBITDA	$781M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$210M
Depreciation & Amortization	$421M
Stock-Based Compensation	$18M
Deferred Income Tax	-$80M
Other Non-Cash Items	$65M
Change in Working Capital	-$78M
OPERATING CASH FLOW	$549M
Capital Expenditure	-$164M
Acquisitions (Net)	-$122M
Purchases of Investments	-$493M
Sales/Maturities of Investments	$22M
Other Investing Activities	$17M
NET CASH FROM INVESTING	-$762M
Net Debt Issuance	-$597M
Common Stock Repurchased	-$11M
Common Dividends Paid	-$666M
Other Financing Activities	-$23M
NET CASH FROM FINANCING	-$180M
FREE CASH FLOW	$385M
Net Change in Cash	-$393M

Balance Sheet

Item	Amount
Cash & Equivalents	$131M
Short-Term Investments	$0
Net Receivables	$1.3B
Inventory	$1.2B
Other Current Assets	$31M
TOTAL CURRENT ASSETS	$2.8B
PP&E (Net)	$1.8B
Goodwill	$3.9B
Intangible Assets	$387M
Long-Term Investments	$0
Tax Assets	$34M
Other Non-Current Assets	$58M
TOTAL NON-CURRENT ASSETS	$6.2B
TOTAL ASSETS	$8.9B
Account Payables	$1.3B
Short-Term Debt	$219M
Deferred Revenue	$0
Other Current Liabilities	$119M
TOTAL CURRENT LIABILITIES	$2.0B
Long-Term Debt	$3.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$381M
Other Non-Current Liabilities	$351M
TOTAL NON-CURRENT LIABILITIES	$4.4B
TOTAL LIABILITIES	$6.4B
Common Stock	$2M
Additional Paid-In Capital	$2.8B
Retained Earnings	-$136M
Treasury Stock	$0
Accum. Other Comp. Income	-$119M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.5B
Minority Interest	$0
TOTAL EQUITY	$2.5B
TOTAL LIABILITIES & EQUITY	$8.9B
Total Debt	$3.9B
Net Debt	$3.8B