USFD FY 2017 Earnings Report — US Foods Holding Corp. Revenue & Financial Results | Market Cap Arena

US Foods Holding Corp.USFD

FY 2017 Earnings

Reported February 27, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$24.1B	—	$22.9B	—	5.4%
Op. Income	$588M	—	$419M	—	40.3%
Gross Margin	17.5%	—	17.7%	—	-0.2pp
Net Margin	1.8%	—	0.9%	—	0.9pp
EPS (Diluted)	$1.97	—	$1.03	—	91.3%
Free Cash Flow	$528M	—	$385M	—	37.1%

Revenue Flow

Item	Amount
REVENUE	$24.1B
Cost of Revenue	$19.9B
GROSS PROFIT	$4.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$3.6B
Other Expenses	-$1M
Operating Expenses	$3.6B
Cost & Expenses	$23.6B
OPERATING INCOME	$588M
Interest Income	$0
Interest Expense	$170M
Other Income/Expenses	-$184M
INCOME BEFORE TAX	$404M
Income Tax Expense	-$40M
Net Income from Continuing Ops	$444M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$444M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$444M
D&A	$378M
EBIT	$574M
EBITDA	$952M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$24.1B
Cost of Revenue	$19.9B
GROSS PROFIT	$4.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$3.6B
Other Expenses	-$1M
Operating Expenses	$3.6B
Cost & Expenses	$23.6B
OPERATING INCOME	$588M
Interest Income	$0
Interest Expense	$170M
Other Income/Expenses	-$184M
INCOME BEFORE TAX	$404M
Income Tax Expense	-$40M
Net Income from Continuing Ops	$444M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$444M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$444M
D&A	$378M
EBIT	$574M
EBITDA	$952M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$444M
Depreciation & Amortization	$378M
Stock-Based Compensation	$21M
Deferred Income Tax	-$123M
Other Non-Cash Items	$21M
Change in Working Capital	$7M
OPERATING CASH FLOW	$749M
Capital Expenditure	-$221M
Acquisitions (Net)	-$182M
Purchases of Investments	$26M
Sales/Maturities of Investments	$22M
Other Investing Activities	$25M
NET CASH FROM INVESTING	-$356M
Net Debt Issuance	-$123M
Common Stock Repurchased	-$281M
Common Dividends Paid	$0
Other Financing Activities	-$1M
NET CASH FROM FINANCING	-$405M
FREE CASH FLOW	$528M
Net Change in Cash	-$12M

Balance Sheet

Item	Amount
Cash & Equivalents	$119M
Short-Term Investments	$0
Net Receivables	$1.4B
Inventory	$1.2B
Other Current Assets	$13M
TOTAL CURRENT ASSETS	$2.8B
PP&E (Net)	$1.8B
Goodwill	$4.0B
Intangible Assets	$364M
Long-Term Investments	$0
Tax Assets	$21M
Other Non-Current Assets	$65M
TOTAL NON-CURRENT ASSETS	$6.2B
TOTAL ASSETS	$9.0B
Account Payables	$1.3B
Short-Term Debt	$263M
Deferred Revenue	$0
Other Current Liabilities	$103M
TOTAL CURRENT LIABILITIES	$2.0B
Long-Term Debt	$3.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$263M
Other Non-Current Liabilities	$372M
TOTAL NON-CURRENT LIABILITIES	$4.3B
TOTAL LIABILITIES	$6.3B
Common Stock	$2M
Additional Paid-In Capital	$2.7B
Retained Earnings	$124M
Treasury Stock	$0
Accum. Other Comp. Income	-$96M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.8B
Minority Interest	$0
TOTAL EQUITY	$2.8B
TOTAL LIABILITIES & EQUITY	$9.0B
Total Debt	$3.9B
Net Debt	$3.8B