USFD FY 2019 Earnings Report — US Foods Holding Corp. Revenue & Financial Results | Market Cap Arena

US Foods Holding Corp.USFD

FY 2019 Earnings

Reported February 13, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$25.9B	—	$24.2B	—	7.3%
Op. Income	$699M	—	$658M	—	6.2%
Gross Margin	17.7%	—	17.8%	—	-0.1pp
Net Margin	1.5%	—	1.7%	—	-0.2pp
EPS (Diluted)	$1.75	—	$1.87	—	-6.4%
Free Cash Flow	$502M	—	$374M	—	34.2%

Revenue Flow

Item	Amount
REVENUE	$25.9B
Cost of Revenue	$21.4B
GROSS PROFIT	$4.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$3.9B
Other Expenses	$0
Operating Expenses	$3.9B
Cost & Expenses	$25.2B
OPERATING INCOME	$699M
Interest Income	$0
Interest Expense	$184M
Other Income/Expenses	-$188M
INCOME BEFORE TAX	$511M
Income Tax Expense	$126M
Net Income from Continuing Ops	$385M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$385M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$385M
D&A	$362M
EBIT	$695M
EBITDA	$1.1B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$25.9B
Cost of Revenue	$21.4B
GROSS PROFIT	$4.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$3.9B
Other Expenses	$0
Operating Expenses	$3.9B
Cost & Expenses	$25.2B
OPERATING INCOME	$699M
Interest Income	$0
Interest Expense	$184M
Other Income/Expenses	-$188M
INCOME BEFORE TAX	$511M
Income Tax Expense	$126M
Net Income from Continuing Ops	$385M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$385M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$385M
D&A	$362M
EBIT	$695M
EBITDA	$1.1B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$385M
Depreciation & Amortization	$362M
Stock-Based Compensation	$32M
Deferred Income Tax	$7M
Other Non-Cash Items	$28M
Change in Working Capital	-$54M
OPERATING CASH FLOW	$760M
Capital Expenditure	-$258M
Acquisitions (Net)	-$1.8B
Purchases of Investments	-$85M
Sales/Maturities of Investments	$94M
Other Investing Activities	$103M
NET CASH FROM INVESTING	-$2.0B
Net Debt Issuance	$1.2B
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$11M
NET CASH FROM FINANCING	$1.2B
FREE CASH FLOW	$502M
Net Change in Cash	-$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$90M
Short-Term Investments	$0
Net Receivables	$1.6B
Inventory	$1.4B
Other Current Assets	$33M
TOTAL CURRENT ASSETS	$3.3B
PP&E (Net)	$2.1B
Goodwill	$4.7B
Intangible Assets	$967M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$256M
TOTAL NON-CURRENT ASSETS	$8.0B
TOTAL ASSETS	$11.3B
Account Payables	$1.5B
Short-Term Debt	$364M
Deferred Revenue	$0
Other Current Liabilities	$95M
TOTAL CURRENT LIABILITIES	$2.4B
Long-Term Debt	$4.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$308M
Other Non-Current Liabilities	$184M
TOTAL NON-CURRENT LIABILITIES	$5.2B
TOTAL LIABILITIES	$7.6B
Common Stock	$2M
Additional Paid-In Capital	$2.8B
Retained Earnings	$916M
Treasury Stock	$0
Accum. Other Comp. Income	-$54M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.7B
Minority Interest	$0
TOTAL EQUITY	$3.7B
TOTAL LIABILITIES & EQUITY	$11.3B
Total Debt	$5.1B
Net Debt	$5.0B