USFD FY 2022 Earnings Report — US Foods Holding Corp. Revenue & Financial Results | Market Cap Arena

US Foods Holding Corp.USFD

FY 2022 Earnings

Reported February 16, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$34.1B	—	$29.5B	—	15.5%
Op. Income	$606M	—	$424M	—	42.9%
Gross Margin	16.1%	—	15.8%	—	0.3pp
Net Margin	0.8%	—	0.6%	—	0.2pp
EPS (Diluted)	$1.01	—	$0.54	—	87.0%
Free Cash Flow	$500M	—	$145M	—	244.8%

Revenue Flow

Item	Amount
REVENUE	$34.1B
Cost of Revenue	$28.6B
GROSS PROFIT	$5.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$4.9B
Other Expenses	$0
Operating Expenses	$4.9B
Cost & Expenses	$33.5B
OPERATING INCOME	$606M
Interest Income	$0
Interest Expense	$255M
Other Income/Expenses	-$245M
INCOME BEFORE TAX	$361M
Income Tax Expense	$96M
Net Income from Continuing Ops	$265M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$265M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$228M
D&A	$372M
EBIT	$616M
EBITDA	$988M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$34.1B
Cost of Revenue	$28.6B
GROSS PROFIT	$5.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$4.9B
Other Expenses	$0
Operating Expenses	$4.9B
Cost & Expenses	$33.5B
OPERATING INCOME	$606M
Interest Income	$0
Interest Expense	$255M
Other Income/Expenses	-$245M
INCOME BEFORE TAX	$361M
Income Tax Expense	$96M
Net Income from Continuing Ops	$265M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$265M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$228M
D&A	$372M
EBIT	$616M
EBITDA	$988M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$265M
Depreciation & Amortization	$372M
Stock-Based Compensation	$45M
Deferred Income Tax	$17M
Other Non-Cash Items	$23M
Change in Working Capital	$43M
OPERATING CASH FLOW	$765M
Capital Expenditure	-$265M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$10M
NET CASH FROM INVESTING	-$255M
Net Debt Issuance	-$413M
Common Stock Repurchased	-$14M
Common Dividends Paid	$0
Other Financing Activities	$17M
NET CASH FROM FINANCING	-$447M
FREE CASH FLOW	$500M
Net Change in Cash	$63M

Balance Sheet

Item	Amount
Cash & Equivalents	$211M
Short-Term Investments	$0
Net Receivables	$1.8B
Inventory	$1.6B
Other Current Assets	$21M
TOTAL CURRENT ASSETS	$3.8B
PP&E (Net)	$2.2B
Goodwill	$5.6B
Intangible Assets	$785M
Long-Term Investments	$31M
Tax Assets	$0
Other Non-Current Assets	$341M
TOTAL NON-CURRENT ASSETS	$9.0B
TOTAL ASSETS	$12.8B
Account Payables	$1.9B
Short-Term Debt	$291M
Deferred Revenue	$0
Other Current Liabilities	$109M
TOTAL CURRENT LIABILITIES	$2.8B
Long-Term Debt	$4.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$298M
Other Non-Current Liabilities	$200M
TOTAL NON-CURRENT LIABILITIES	$5.5B
TOTAL LIABILITIES	$8.3B
Common Stock	$2M
Additional Paid-In Capital	$3.0B
Retained Earnings	$1.0B
Treasury Stock	-$14M
Accum. Other Comp. Income	-$73M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.5B
Minority Interest	$0
TOTAL EQUITY	$4.5B
TOTAL LIABILITIES & EQUITY	$12.8B
Total Debt	$5.3B
Net Debt	$5.1B