← FLOWERS FOODS INC
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Loss reclassified from accumulated other comprehensive income to net income | $2.1m | $1.3m | ($3.7m) | — | $2.7m | ($2.1m) | $2.9m | $1.5m | — | $816k | — | |
| Net Income (Loss) Attributable to Parent | $150.1m |
$157.2m
+4.69%
|
$164.5m
+4.69%
|
$152.3m
-7.43%
|
$152.3m
0.00%
|
$228.4m
+49.95%
|
$123.4m
-45.96%
|
$248.1m
+101.04%
|
$83.8m
-66.22%
|
$83.8m
0.00%
|
— | |
| Depreciation, Depletion and Amortization | $146.7m | $144.1m | $144.2m | $141.4m | $141.4m | $142.0m | $151.7m | $159.2m | $167.4m | $167.4m | $169.9m | |
| Amortization | — | — | — | — | — | — | — | $31.4m | $38.9m | — | $38.9m | |
| Amortization of Intangible Assets | $27.3m | $25.9m | $29.3m | $30.7m | — | $31.8m | $32.2m | $31.4m | $38.9m | — | — | |
| Capitalized Computer Software, Amortization | $4.1m | $8.0m | $10.2m | $9.3m | — | $10.2m | $14.2m | $18.1m | $18.2m | — | — | |
| Depreciation | $119.4m | $118.2m | $107.9m | $103.5m | $141.4m | $108.5m | $117.8m | $127.6m | $128.4m | $167.4m | $128.5m | |
| Deferred Income Tax Expense (Benefit) | ($61.3m) | $21.7m | $18.6m | ($31.2m) | ($31.2m) | $1.4m | ($43.3m) | $31.0m | $14.2m | $14.2m | $25.3m | |
| Share-based Payment Arrangement, Noncash Expense | $16.1m | $8.1m | $7.4m | $12.9m | — | $25.8m | $26.9m | $29.7m | $32.3m | — | $32.6m | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | — | — | — | — | $32.6m | |
| Stock-based compensation | $16.1m | $8.1m | $7.4m | — | $12.9m | $21.3m | $26.9m | $29.7m | — | $32.3m | $32.6m | |
| Dividends paid, including dividends on share-based payment awards | ($141) | ($150) | ($160) | — | ($167) | ($176) | ($195) | ($203) | — | ($209) | ($211.4m) | |
| Gain (Loss) on Sale of Assets and Asset Impairment Charges | — | ($6.0m) | — | — | — | — | — | — | — | — | — | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | — | — | — | — | $136.0m | — | — | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | — | $0 | $0 | $0 | $0 | — | $136.0m | |
| Impairment of Intangible Assets (Excluding Goodwill) | $66.2m | — | $15.4m | — | — | — | — | — | — | — | — | |
| Impairment of Intangible Assets, Finite-lived | $47.7m | — | — | — | — | — | — | — | — | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $18.5m | — | — | — | — | — | — | — | — | — | — | |
| Operating Lease, Impairment Loss | — | — | — | $11.4m | — | — | — | — | — | — | — | |
| Restructuring Costs and Asset Impairment Charges | $104.1m | $9.8m | $23.5m | $35.5m | — | — | — | — | — | — | — | |
| Impairment of assets | — | $6.0m | — | — | — | $3.9m | $9.6m | $10.3m | — | $141.5m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $11.8m | $8.3m | $7.8m | $25.0m | — | $55.4m | ($5.0m) | $4.5m | $5.0m | — | ($22.7m) | |
| Accounts Receivable, Credit Loss Expense (Reversal) | $4.2m | $7.0m | $11.0m | $2.9m | — | $2.3m | $3.1m | $2.1m | $992k | — | ($22.7m) | |
| Allowances for accounts receivable | $4.2m | $7.0m | $11.0m | — | $11.3m | $6.1m | $8.4m | $8.3m | — | $7.4m | — | |
| Accounts receivable | ($11.8m) | ($8.3m) | ($7.8m) | — | ($25.0m) | ($10.6m) | $5.0m | ($4.5m) | — | ($5.0m) | ($22.7m) | |
| Increase (Decrease) in Inventories | $7.8m | $8.4m | $4.8m | $1.8m | — | $37.4m | $15.2m | ($8.2m) | $15.4m | — | $3.2m | |
| Inventory Write-down | $1.7m | $740k | $337k | $3.6m | — | $3.7m | $2.4m | $4.4m | $5.1m | — | — | |
| Provision for inventory obsolescence | $1.7m | $740k | $337k | — | $3.6m | $16k | $2.4m | $4.4m | — | $5.1m | — | |
| Inventories | ($7.8m) | ($8.4m) | ($4.8m) | — | ($1.8m) | ($9.8m) | ($15.2m) | $8.2m | — | ($15.4m) | $3.2m | |
| Increase (Decrease) in Accounts Payable | $10.8m | $60.9m | ($14.2m) | ($5.8m) | ($5.8m) | $82.1m | ($26.6m) | ($59.6m) | $40.2m | $40.2m | $2.9m | |
| Other assets and accrued liabilities | $30.2m | ($65.6m) | $17.6m | — | $53.2m | ($46.7m) | $104.4m | ($24.9m) | — | ($31.5m) | — | |
| Other | ($6.2m) | ($4.8m) | $1.6m | — | ($924k) | $2.5m | $1.6m | $1.0m | — | $1.7m | — | |
| Net Cash Provided by (Used in) Operating Activities | $297.4m |
$295.9m
-0.50%
|
$367.0m
+24.02%
|
$454.5m
+23.85%
|
$454.5m
0.00%
|
$360.9m
-20.59%
|
$349.4m
-3.20%
|
$412.7m
+18.12%
|
$446.2m
+8.13%
|
$446.2m
0.00%
|
$418.4m
-6.23%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | $3.9m | $1.9m | $2.6m | — | $5.4m | $3.0m | $2.3m | $2.1m | — | $616k | $710k | |
| Payments to Acquire Property, Plant, and Equipment | $75.2m | $99.4m | $103.7m | $97.9m | $4.7m | $169.1m | $129.1m | $132.1m | $127.1m | $4.3m | ($122.2m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $200.2m | — | — | — | — | $274.8m | — | $791.9m | — | ($48k) | |
| Payments for (Proceeds from) Other Investing Activities | ($1.8m) | ($577k) | ($119k) | ($190k) | — | ($473k) | ($64k) | ($745k) | ($805k) | — | — | |
| Other investing activities | $1.8m | $577k | $119k | — | $190k | $1.1m | $64k | $745k | — | $805k | — | |
| Net cash disbursed for investing activities | ($35.4m) | ($301.8m) | ($97.1m) | — | ($74.0m) | ($191.4m) | ($403.8m) | ($172.7m) | — | ($943.2m) | — | |
| Net Cash Provided by (Used in) Investing Activities | ($35.4m) | ($301.8m) | ($97.1m) | ($74.0m) | ($74.0m) | ($151.1m) | ($403.8m) | ($172.7m) | ($943.2m) | ($943.2m) | ($126.8m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | — | — | $723.5m | $392.4m | — | $330.0m | $743.0m | $351.5m | $266.3m | — | ($282.1m) | |
| Proceeds from Issuance of Long-term Debt | — | — | $609.2m | $484.9m | — | $330.0m | $898.0m | $323.7m | $1.0b | — | $213.3m | |
| Payments for debt issuance costs | ($729k) | ($100k) | ($110k) | — | ($206k) | ($6.0m) | ($533k) | ($190k) | — | ($10.1m) | — | |
| Proceeds from debt borrowings | $611.9m | $200.9m | $609.2m | — | $484.9m | $497.6m | $898.0m | $323.7m | — | $1.0b | — | |
| Debt obligation payments | ($735.9m) | ($27.6m) | ($723.5m) | — | ($392.4m) | ($579.4m) | ($743.0m) | ($351.5m) | — | ($266.3m) | — | |
| Payments for Repurchase of Common Stock | $2.7m | $2.5m | $7.1m | $783k | — | $34.6m | $45.8m | $22.7m | $5.5m | — | — | |
| Payments of Ordinary Dividends, Common Stock | $141 | $150 | $160 | $167 | — | $187 | $195 | $203 | $209 | — | ($211.4m) | |
| Issuance of executive deferred compensation plan common stock | $38k | $124k | $6k | — | $39k | $177k | $38k | $32k | — | $20k | — | |
| Payments of Dividends | $141 | $150 | $160 | $167 | — | $187 | $195 | $203 | $209 | — | ($211.4m) | |
| Net cash provided by (disbursed for) financing activities | ($263.3m) |
$26.1m
+109.91%
|
($284.1m)
-1189.05%
|
— | ($84.0m) |
($274.8m)
-226.96%
|
($88.1m)
+67.92%
|
($257.5m)
-192.14%
|
— | $504.0m | — | |
| Net Cash Provided by (Used in) Financing Activities | ($263.3m) |
$26.1m
+109.91%
|
($284.1m)
-1189.05%
|
($84.0m)
+70.42%
|
($84.0m)
0.00%
|
($222.2m)
-164.36%
|
($88.1m)
+60.32%
|
($257.5m)
-192.14%
|
$504.0m
+295.73%
|
$504.0m
0.00%
|
($287.5m)
-157.03%
|
|
| Net increase (decrease) in cash and cash equivalents | ($1.3m) | $20.2m | ($14.3m) | — | $296.4m | ($121.6m) | ($142.6m) | ($17.5m) | — | $7.1m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($1.3m) | $20.2m | ($14.3m) | $296.4m | $296.4m | ($121.6m) | ($142.6m) | ($17.5m) | — | $7.1m | $11.5m | |
| Cash and cash equivalents at beginning of period | $6.4m | $25.3m | $11.0m | — | $307.5m | $185.9m | $22.5m | $5.0m | — | $12.1m | — | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | ($8.4m) | — | — | — | — | $0 | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Proceeds from Stock Options Exercised | $19.3m | $791k | — | — | — | — | — | — | — | — | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $34.2m | $32.7m | $36.4m | $35.9m | $35.9m | $27.6m | $34.6m | $36.0m | $60.4m | $60.4m | — | |
| Income Taxes Paid, Net | $72.0m | $13.7m | $39.1m | $68.8m | $68.8m | $53.0m | $99.1m | $46.4m | $29.0m | $29.0m | — | |
| Additional Financial Items | ||||||||||||
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | ($4.6m) | ($7.8m) | $0 | — | — | — | — | — | $0 | — | — | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment | — | — | — | ($108.8m) | — | — | — | — | — | — | — | |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | — | — | — | — | — | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | — | — | ($8.4m) | — | — | — | — | — | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | ($2.1m) | ($1.3m) | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Intangible Assets | $3.3m | $4.4m | $4.1m | $5.1m | — | $3.8m | $2.5m | ($600k) | — | — | — | |
| Gain (Loss) on Disposition of Business | $28.9m | — | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Termination of Lease | — | — | — | $14.8m | — | ($6.0m) | ($361k) | ($2.0m) | ($2.8m) | — | — | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | — | — | — | $65.5m | — | — | — | — | |
| Goodwill | $464.8m | $545.4m | $545.2m | $545.2m | — | $545.2m | $677.8m | $679.9m | $1.0b | — | $136.0m | |
| Income Tax Expense (Benefit) | ($827k) | $40.0m | $47.5m | $48.4m | — | $70.3m | $33.7m | $80.8m | $31.2m | — | — | |
| Investment Income, Interest | $22.9m | $27.8m | $27.8m | $26.7m | — | $23.6m | $20.6m | $17.5m | $17.4m | — | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | ($1.4m) | ($1.1m) | $2.7m | ($2.1m) | $2.7m | ($2.1m) | $2.9m | $1.5m | — | $816k | — | |
| Payments of Financing Costs | — | — | — | — | — | — | — | — | — | — | — | |
| Restructuring Costs | — | — | — | — | — | — | — | $10.4m | $25.6m | — | — | |
| Pension and postretirement plans expense | ($897k) | $8.5m | $3.2m | — | $109.8m | $1.3m | $592k | $638k | — | $411k | — | |
| Qualified pension plan contributions | ($1.6m) | ($40.7m) | ($2.5m) | — | ($7.6m) | ($1.0m) | ($1.0m) | — | — | — | — | |
| Hedging activities, net | ($15.7m) | $2.7m | $10.3m | — | $15.8m | ($5.0m) | ($1.5m) | ($639k) | — | $3.2m | — | |
| Repurchase of independent distributor territories | ($6.5m) | ($3.1m) | ($2.7m) | — | ($3.1m) | ($4.6m) | ($10.0m) | ($49.1m) | — | ($28.3m) | — | |
| Cash paid at issuance of notes receivable | ($25.6m) | ($28.5m) | ($22.6m) | — | ($10.7m) | ($12.1m) | ($18.4m) | ($19.8m) | — | ($22.5m) | — | |
| Principal payments from notes receivable | $24.9m | $26.9m | $29.2m | — | $32.2m | $32.0m | $28.1m | $25.5m | — | $23.9m | — | |
| Acquisition of business | — | ($200.2m) | — | — | — | — | ($274.8m) | — | — | ($791.9m) | — | |
| Investment in unconsolidated affiliate | — | — | — | — | — | ($9.0m) | ($2.0m) | — | — | — | — | |
| Stock repurchases | ($2.7m) | ($2.5m) | ($7.1m) | — | ($783k) | ($9.5m) | ($45.8m) | ($22.7m) | — | ($5.5m) | — | |
| Change in bank overdrafts | ($14.2m) | $4.9m | $3.2m | — | $3.1m | $261k | $220k | ($3.7m) | — | ($10.8m) | — | |
| Payments on financing leases | — | — | ($5.9m) | — | ($6.7m) | ($1.7m) | ($1.8m) | ($70k) | — | ($84k) | — | |
| Right-of-use assets obtained in exchange for new financing lease liabilities | — | — | $9.9m | — | $79k | $37k | $34k | $106k | — | $126k | — | |
| Right-of-use assets obtained in exchange for new operating lease liabilities | — | — | $44.6m | — | $16.0m | $55.9m | $55.0m | $93.8m | — | $75.2m | — | |
| Issuance of notes receivable on new distribution territories, net | $60.6m | $45.5m | $50.5m | — | $25.0m | $21.0m | $29.1m | $32.7m | — | $37.8m | — | |
| Distributor routes sold with deferred gains, net | $9.7m | $8.8m | $241k | — | $207k | $241k | $132k | $1.2m | — | $889k | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.