← Grocery Outlet Holding Corp.
| 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: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $20.6m |
$15.9m
-22.97%
|
$15.4m
-2.83%
|
$106.7m
+592.09%
|
$106.7m
0.00%
|
$65.1m
-39.04%
|
$79.4m
+22.11%
|
$39.5m
-50.32%
|
($224.9m)
-669.90%
|
($224.9m)
0.00%
|
— | |
| Depreciation, Depletion and Amortization | — | $45.4m | $47.9m | $55.5m | — | $75.2m | $76.6m | $108.2m | $107.6m | — | $131.6m | |
| Amortization of Debt Issuance Costs and Discounts | $4.4m | $4.1m | $2.5m | $2.5m | $2.5m | $2.3m | $1.1m | $910k | — | $928k | — | |
| Amortization of Debt Issuance Costs | $4.4m | $4.0m | $2.4m | $2.3m | $2.5m | $2.5m | $1.1m | $910k | — | $928k | — | |
| Amortization of Intangible Assets | $11.3m | $10.0m | $6.7m | $6.5m | $7.3m | $6.6m | $10.1m | $15.7m | — | $22.8m | — | |
| Depreciation | $31.8m | $37.1m | $42.9m | $50.7m | $50.7m | $70.5m | $76.6m | $90.7m | $107.6m | $107.6m | $107.6m | |
| Amortization of intangible and other assets | $11.3m | $10.0m | $7.2m | — | $7.3m | $7.7m | $11.4m | $17.5m | — | $22.8m | — | |
| Amortization of debt issuance costs and debt discounts | $4.4m | $4.1m | $2.5m | — | $2.5m | $2.5m | $1.1m | $910k | — | $928k | — | |
| Amortization Cash Flow | — | — | — | — | — | $7.8m | $11.4m | $17.5m | $22.8m | — | — | |
| Amortization Of Intangibles | — | — | — | — | — | $7.8m | $11.4m | $17.5m | $22.8m | — | $24.1m | |
| Depreciation Amortization Depletion | — | — | — | — | — | $78.3m | $88.0m | $108.2m | $130.4m | — | $131.6m | |
| Deferred Income Tax Expense (Benefit) | $4.7m | $5.8m | $872k | ($19.6m) | ($19.6m) | $10.4m | $18.8m | $12.1m | ($23.0m) | ($23.0m) | ($21.3m) | |
| Deferred Tax | — | — | — | — | — | $10.4m | $18.8m | $12.1m | ($23.0m) | — | ($21.3m) | |
| Share-based Payment Arrangement, Noncash Expense | — | $10.4m | $31.4m | $38.1m | — | $32.6m | $31.1m | $10.5m | — | — | $8.8m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $172k | $34k | $2.8m | $483k | $483k | $0 | $537k | $0 | — | $0 | — | |
| Share-based Payment Arrangement, Expense | — | $10.4m | $31.4m | $38.1m | — | $32.6m | $31.1m | $26.4m | — | — | $8.8m | |
| Share-based compensation | $1.7m | $10.4m | $31.4m | — | $38.1m | $17.6m | $31.1m | $10.5m | — | $10.5m | $8.8m | |
| Tax withholding related to net settlement of employee share-based awards | ($172k) | ($34k) | ($2.8m) | — | ($483k) | $0 | ($537k) | $0 | — | $0 | — | |
| Goodwill and Intangible Asset Impairment | — | $0 | $0 | $0 | — | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | — | — | — | — | — | $0 | $0 | $0 | — | — | $427.4m | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | $0 | $0 | $0 | — | — | — | |
| Impairment of long-lived assets | — | — | — | — | — | $0 | $0 | $15.9m | — | $121.5m | — | |
| Goodwill impairment | — | — | — | — | — | — | $0 | $0 | — | $149.0m | $427.4m | |
| Asset Impairment Charge | — | — | — | — | — | $0 | $0 | $15.9m | $270.5m | — | $427.4m | |
| Nonoperating Income (Expense) | — | ($60.6m) | ($51.6m) | ($20.2m) | — | ($19.2m) | ($21.7m) | ($22.2m) | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | ($16.7m) | $70.3m | ($85.8m) | $35.0m | — | $14.0m | |
| Accounts Receivable, Credit Loss Expense (Reversal) | — | $749k | $2.6m | ($456k) | — | $4.3m | $3.7m | $4.9m | — | — | ($12.3m) | |
| Provision for independent operator and other accounts receivable reserves | $3.0m | $749k | $2.6m | — | ($456k) | $4.8m | $3.7m | $4.9m | — | $12.8m | — | |
| Independent operator and other accounts receivable | ($2.6m) | ($642k) | ($3.6m) | — | ($4.9m) | ($21k) | ($11.0m) | ($7.5m) | — | ($11.2m) | — | |
| Change In Receivables | — | — | — | — | — | ($7.2m) | ($11.0m) | ($7.5m) | ($11.2m) | — | ($12.3m) | |
| Increase (Decrease) in Inventories | — | $15.3m | $21.1m | $25.7m | — | $58.8m | $15.7m | $30.0m | — | — | ($939k) | |
| Merchandise inventories | ($18.2m) | ($15.3m) | ($21.1m) | — | ($25.7m) | ($30.3m) | ($15.7m) | ($30.0m) | — | $12.2m | — | |
| Change In Inventory | — | — | — | — | — | ($58.8m) | ($15.7m) | ($30.0m) | $12.2m | — | ($939k) | |
| Trade accounts payable | $13.2m | $16.3m | $22.6m | — | $4.8m | $3.2m | $91.0m | ($36.9m) | — | $2.1m | — | |
| Change In Payables And Accrued Expense | — | — | — | — | — | $35.8m | $97.0m | ($73.7m) | $6.8m | — | $7.7m | |
| Accrued capital expenditures | — | $64.8m | $97.2m | $124.9m | — | $130.5m | $169.0m | $186.6m | — | — | — | |
| Accrued and other liabilities | — | — | — | — | — | $251k | $19.7m | ($25.2m) | — | $5.5m | — | |
| Accrued compensation | — | — | — | — | — | $18.7m | ($2.4m) | ($7.8m) | — | ($1.9m) | — | |
| Purchases of property and equipment accrued at end of period | $6.9m | $7.9m | $10.5m | — | $15.6m | $15.0m | $7.3m | $12.8m | — | $16.3m | ($211.8m) | |
| Investments in intangible assets accrued at end of period | — | — | $0 | — | $1.1m | $1.6m | $5.5m | $1.3m | — | $1.3m | — | |
| Change In Accrued Expense | — | — | — | — | — | $19.0m | $17.3m | ($33.0m) | $3.5m | — | ($5.3m) | |
| Other | $549k | $1.3m | $2.0m | — | $2.0m | $1.3m | $487k | $1.0m | — | $2.7m | — | |
| Prepaid expenses and other assets | ($1.3m) | ($1.5m) | $498k | — | ($6.6m) | $3.3m | ($10.7m) | $7.6m | — | $1.9m | — | |
| Change In Other Current Liabilities | — | — | — | — | — | $12.7m | $10.8m | $17.7m | $25.3m | — | $23.1m | |
| Net Cash Provided by (Used in) Operating Activities | $84.7m |
$105.8m
+24.92%
|
$132.8m
+25.54%
|
$181.2m
+36.44%
|
$181.2m
0.00%
|
$185.5m
+2.36%
|
$303.4m
+63.57%
|
$112.0m
-63.10%
|
$222.1m
+98.40%
|
$222.1m
0.00%
|
$215.8m
-2.87%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | ($71.1m) | $64.8m | $97.2m | $124.9m | ($124.9m) | $130.5m | $169.0m | $186.6m | ($220.3m) | ($198.3m) | ($211.8m) | |
| Proceeds from insurance recoveries - property and equipment | — | $0 | $0 | — | $305k | $1.9m | $632k | $0 | — | $0 | — | |
| Investments in intangible assets and licenses | ($3.1m) | ($3.2m) | ($3.1m) | — | ($5.9m) | ($9.8m) | ($23.0m) | ($20.3m) | — | ($22.0m) | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | — | $60.5m | — | — | $248k | |
| Net Other Investing Changes | — | — | — | — | — | ($2.9m) | ($2.2m) | ($6.6m) | ($9.4m) | — | ($8.2m) | |
| Net Cash Provided by (Used in) Investing Activities | ($77.8m) | ($73.5m) | ($108.0m) | ($133.8m) | ($133.8m) | ($149.9m) | ($194.2m) | ($274.0m) | — | ($229.7m) | ($220.1m) | |
| Cash flows from financing activities: | ||||||||||||
| Loss on debt extinguishment and modification | — | — | — | — | $198k | $1.3m | $5.3m | $0 | — | $0 | — | |
| Debt issuance costs paid | ($1.1m) | ($10.0m) | ($690k) | — | ($701k) | $0 | ($4.5m) | $0 | — | $0 | — | |
| Issuance Of Debt | — | — | — | — | — | $0 | $325.0m | $190.0m | $70.0m | — | $50.0m | |
| Long Term Debt Issuance | — | — | — | — | — | $0 | $325.0m | $190.0m | $70.0m | — | $50.0m | |
| Long Term Debt Payments | — | — | — | — | — | ($76.3m) | ($417.0m) | ($7.6m) | ($56.4m) | — | ($58.3m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | ($76.3m) | ($92.0m) | $182.4m | $13.6m | — | $11.7m | |
| Net Long Term Debt Issuance | — | — | — | — | — | ($76.3m) | ($92.0m) | $182.4m | $13.6m | — | ($8.3m) | |
| Net Short Term Debt Issuance | — | — | — | — | $0 | $0 | $0 | — | — | — | $0 | |
| Repayment Of Debt | — | — | — | — | — | ($76.3m) | ($417.0m) | ($7.6m) | ($56.4m) | — | ($58.3m) | |
| Short Term Debt Issuance | — | — | — | — | $0 | $0 | $25.0m | — | — | — | $90.0m | |
| Short Term Debt Payments | — | — | — | — | $0 | $0 | ($25.0m) | — | — | — | $0 | |
| Payments for Repurchase of Common Stock | — | — | — | — | $0 | $3.5m | $5.9m | $81.4m | — | $0 | — | |
| Payments of Ordinary Dividends, Common Stock | — | $153.6m | $3.6m | $400k | — | $105k | $15k | $0 | — | — | $0 | |
| Repurchase of common stock | — | — | — | — | $0 | ($3.5m) | ($5.9m) | ($81.4m) | — | $0 | — | |
| Common Stock Dividend Paid | — | — | — | — | — | ($105k) | ($15k) | $0 | $0 | — | $0 | |
| Common Stock Payments | — | — | — | — | — | ($3.5m) | ($5.9m) | ($81.4m) | $0 | — | ($50.1m) | |
| Net Common Stock Issuance | — | — | — | — | — | ($3.5m) | ($5.9m) | ($81.4m) | $0 | — | ($50.1m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | ($3.5m) | ($5.9m) | ($81.4m) | $0 | — | ($50.1m) | |
| Payments of Dividends | — | $153.6m | $3.6m | $434k | — | $105k | $15k | $0 | — | — | $0 | |
| Dividends paid | ($1.3m) | ($153.6m) | ($3.6m) | — | ($434k) | ($186k) | ($15k) | $0 | — | $0 | $0 | |
| Cash Dividends Paid | — | — | — | — | — | ($105k) | ($15k) | $0 | $0 | — | $0 | |
| Net Cash Provided by (Used in) Financing Activities | ($7.9m) |
($17.0m)
-114.23%
|
($17.8m)
-4.58%
|
$29.8m
+267.48%
|
$29.8m
0.00%
|
($72.9m)
-344.97%
|
($97.0m)
-33.02%
|
$109.9m
+213.28%
|
— | $14.3m |
$12.4m
-13.43%
|
|
| Net increase (decrease) in cash and cash equivalents | ($1.1m) | $15.3m | $7.0m | — | $77.2m | $34.8m | $12.3m | ($52.2m) | — | $6.8m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($1.1m) | $15.3m | $7.0m | $77.2m | — | ($37.4m) | $12.3m | ($52.2m) | — | $6.8m | $59.0m | |
| Cash and cash equivalents at beginning of period | $5.8m | $21.1m | $28.1m | — | $105.3m | $140.1m | $115.0m | $62.8m | — | $69.6m | — | |
| Beginning Cash Position | — | — | — | — | — | $140.1m | $102.7m | $115.0m | $62.8m | — | $50.9m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $21.1m | $28.1m | $105.3m | — | $102.7m | $115.0m | $62.8m | — | — | $59.0m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $45.8m | $47.3m | $49.4m | $20.3m | $20.3m | $19.1m | $22.7m | $26.2m | $32.8m | $32.8m | — | |
| Income Taxes Paid, Net | ($66k) | $289k | ($65k) | $5.2m | $5.2m | ($1.7m) | $7.6m | $3.4m | $2.3m | $2.3m | — | |
| Additional Financial Items | ||||||||||||
| General and Administrative Expense | — | — | — | — | — | — | — | $210.0m | — | — | — | |
| Goodwill | — | $747.9m | $747.9m | $747.9m | — | $747.9m | $747.9m | $782.7m | — | — | $427.4m | |
| Income Tax Expense (Benefit) | — | $6.0m | $1.4m | ($19.6m) | — | $10.7m | $24.6m | $16.7m | — | — | — | |
| Insured Event, Gain (Loss) | — | — | — | — | — | $0 | $0 | — | — | — | — | |
| Investment Income, Interest | — | $1.4m | $2.0m | $1.8m | — | $3.4m | $7.6m | $6.7m | — | — | — | |
| Operating Expenses | — | $612.9m | $718.8m | $866.0m | — | $997.1m | — | — | — | — | — | |
| Non-cash rent | — | — | — | — | $10.7m | $6.9m | $5.2m | $4.8m | — | $7.2m | — | |
| Income and other taxes payable | $881k | $159k | $1.2m | — | $2.9m | ($362k) | $5.9m | ($3.8m) | — | $1.2m | — | |
| Operating lease liabilities | — | — | — | — | $12.3m | $12.7m | $10.8m | $17.7m | — | $25.3m | — | |
| Advances to independent operators | ($8.5m) | ($10.5m) | ($12.8m) | — | ($10.4m) | ($10.0m) | ($8.6m) | ($11.4m) | — | ($13.6m) | — | |
| Repayments of advances from independent operators | $3.5m | $3.7m | $4.5m | — | $6.8m | $4.6m | $5.7m | $4.8m | — | $4.2m | — | |
| Business acquisition, net of cash and cash equivalents acquired | — | — | — | — | — | $0 | $0 | ($60.5m) | — | $0 | — | |
| Proceeds from sales of assets | $1.3m | $1.1m | $586k | — | $269k | $37k | $24k | $0 | — | $39k | — | |
| Proceeds from exercise of stock options | $0 | $29k | $4.4m | — | $32.6m | $7.2m | $6.0m | $8.8m | — | $700k | — | |
| Proceeds from senior term loan due 2028 | $0 | $871.7m | $0 | — | $0 | $0 | $300.0m | $0 | — | $0 | — | |
| Proceeds from revolving credit facility | — | $0 | $0 | — | $90.0m | $0 | $25.0m | $190.0m | — | $70.0m | — | |
| Principal payments on revolving credit facility | — | $0 | $0 | — | ($90.0m) | $0 | ($25.0m) | $0 | — | ($40.0m) | — | |
| Principal payments on senior term loans | ($5.3m) | ($725.0m) | ($414.8m) | — | ($188k) | $0 | ($390.6m) | ($5.6m) | — | ($15.0m) | — | |
| Principal payments on finance leases | ($89k) | ($94k) | ($865k) | — | ($1.0m) | ($1.2m) | ($1.4m) | ($2.0m) | — | ($1.4m) | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | ($72.9m) | ($97.0m) | $109.9m | $14.3m | — | $12.4m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | ($149.9m) | ($194.2m) | ($274.0m) | ($229.7m) | — | ($220.1m) | |
| Change In Account Payable | — | — | — | — | — | $16.1m | $73.8m | ($36.9m) | $2.1m | — | $7.7m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | ($37.4m) | $12.3m | ($52.2m) | $6.8m | — | — | |
| Change In Income Tax Payable | — | — | — | — | — | $705k | $5.9m | ($3.8m) | $1.2m | — | $636k | |
| Change In Payable | — | — | — | — | — | $16.8m | $79.7m | ($40.7m) | $3.3m | — | $7.7m | |
| Change In Prepaid Assets | — | — | — | — | — | $841k | ($10.7m) | $7.6m | $1.9m | — | $1.3m | |
| Change In Tax Payable | — | — | — | — | — | $705k | $5.9m | ($3.8m) | $1.2m | — | $636k | |
| Changes In Cash | — | — | — | — | — | ($37.4m) | $12.3m | ($52.2m) | $6.8m | — | $8.1m | |
| End Cash Position | — | — | — | — | — | $102.7m | $115.0m | $62.8m | $69.6m | — | $59.0m | |
| Financing Cash Flow | — | — | — | — | — | ($72.9m) |
($97.0m)
-33.02%
|
$109.9m
+213.28%
|
$14.3m
-86.97%
|
— | $12.4m | |
| Free Cash Flow | — | — | — | — | — | $38.4m | $111.5m | ($95.0m) | $1.8m | — | $3.9m | |
| Investing Cash Flow | — | — | — | — | — | ($149.9m) | ($194.2m) | ($274.0m) | ($229.7m) | — | ($220.1m) | |
| Net Business Purchase And Sale | — | — | — | — | — | $0 | $0 | ($60.5m) | $0 | — | $248k | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | ($16.6m) | ($23.0m) | ($20.3m) | ($22.0m) | — | ($21.2m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | ($130.5m) | ($169.0m) | ($186.6m) | ($198.3m) | — | ($190.6m) | |
| Operating Gains Losses | — | — | — | — | — | $1.3m | $5.3m | — | — | — | — | |
| Other Non Cash Items | — | — | — | — | — | $10.4m | $6.8m | $6.7m | $10.9m | — | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | $6.9m | $6.0m | $8.8m | $700k | — | $647k | |
| Provisionand Write Offof Assets | — | — | — | — | — | $4.3m | $3.7m | $4.9m | $12.8m | — | $27.5m | |
| Purchase Of Business | — | — | — | — | — | $0 | $0 | ($60.5m) | $0 | — | $248k | |
| Purchase Of Intangibles | — | — | — | — | — | ($16.6m) | ($23.0m) | ($20.3m) | ($22.0m) | — | ($21.2m) | |
| Purchase Of PPE | — | — | — | — | — | ($130.5m) | ($169.0m) | ($186.6m) | ($198.3m) | — | ($211.8m) | |
| Stock Based Compensation | — | — | — | — | — | $32.6m | $31.1m | $10.5m | $10.5m | — | $8.8m |