← Performance Food Group Co
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $68.3m |
$96.3m
+41.00%
|
$198.7m
+106.33%
|
$166.8m
-16.05%
|
($114.1m)
-168.41%
|
$40.7m
+135.67%
|
$112.5m
+176.41%
|
$397.2m
+253.07%
|
$435.9m
+9.74%
|
$340.2m
-21.95%
|
— | |
| Amortization of Debt Issuance Costs | — | — | — | — | $6.5m | $12.7m | $9.7m | $10.3m | $10.5m | $12.6m | — | |
| Amortization of Deferred Charges | $42.3m | $37.7m | $33.3m | $42.1m | $100.1m | $130.4m | $187.5m | $185.7m | $206.3m | $269.1m | — | |
| Amortization of Intangible Assets | $38.1m | $34.6m | $29.8m | $38.8m | $97.8m | $125.0m | $183.1m | $181.0m | $201.5m | $262.6m | — | |
| Amortization of deferred financing costs | — | — | $4.6m | $4.4m | $6.5m | $12.7m | $9.7m | $10.3m | $10.5m | $12.6m | — | |
| Depreciation | $80.5m | $91.5m | $100.3m | $116.2m | $178.5m | $213.9m | $279.7m | $315.7m | $355.2m | $455.3m | $524.9m | |
| Depreciation and amortization | $118.6m | $126.1m | $130.1m | $155.0m | $276.3m | $338.9m | $462.8m | $496.7m | $556.7m | $717.9m | $795.9m | |
| Deferred Income Tax Expense (Benefit) | ($400k) | $6.3m | $1.4m | $11.6m | $10.5m | $21.2m | $4.8m | $20.0m | $10.7m | ($200k) | $44.6m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $3.5m | $28.2m | $7.5m | $7.9m | $4.2m | $11.4m | $12.6m | $21.5m | $18.8m | — | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | — | ($43.3m) | ($41.9m) | ($47.8m) | $50.7m | |
| Share-based Payment Arrangement, Noncash Expense | $17.2m | $17.3m | $21.6m | $15.7m | $17.9m | $25.4m | $44.0m | $43.4m | $41.9m | $47.8m | $50.7m | |
| Stock compensation expense | $17.2m | $17.3m | $21.6m | $15.7m | $17.9m | $25.4m | $44.0m | $43.4m | $41.9m | $47.8m | — | |
| Goodwill and Intangible Asset Impairment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | $0 | $0 | — | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | $1.3m | — | — | — | |
| Nonoperating Income (Expense) | ($87.7m) | ($53.3m) | ($59.9m) | ($65.0m) | ($123.2m) | ($146.0m) | ($160.3m) | ($221.8m) | ($229.6m) | ($357.5m) | — | |
| Other Nonoperating Income (Expense) | ($3.8m) | $1.6m | $500k | $400k | ($6.3m) | $6.4m | $22.6m | ($3.8m) | $2.6m | $900k | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Accounts receivable | ($1.2m) | ($35.7m) | ($33.9m) | ($50.2m) | $189.0m | ($296.5m) | ($195.1m) | ($95.6m) | ($81.1m) | ($151.9m) | ($102.0m) | |
| Increase (Decrease) in Accounts Receivable | $1.2m | $35.7m | $33.9m | $50.2m | ($189.0m) | $296.5m | $195.1m | $95.6m | $81.1m | $151.9m | ($102.0m) | |
| Provision for losses on accounts receivables | $7.5m | $6.0m | $12.1m | $11.5m | $80.0m | ($23.8m) | $9.0m | $6.0m | $19.8m | $22.7m | — | |
| Increase (Decrease) in Inventories | $29.6m | $63.8m | $21.8m | $98.4m | ($101.7m) | $286.7m | $582.4m | ($56.9m) | ($37.7m) | $337.9m | ($405.4m) | |
| Inventories | ($29.6m) | ($63.8m) | ($21.8m) | ($98.4m) | $101.7m | ($286.7m) | ($582.4m) | $56.9m | $37.7m | ($337.9m) | ($405.4m) | |
| Increase (Decrease) in Accounts Payable | $17.8m | ($23.2m) | $57.1m | $80.6m | $234.3m | — | — | — | — | — | $484.3m | |
| Trade accounts payable and outstanding checks in excess of deposits | — | — | — | $26.7m | $39.8m | $57.8m | $182.5m | ($164.6m) | $124.0m | $372.7m | — | |
| Accrued expenses and other liabilities | $14.0m | $2.6m | ($9.5m) | $55.4m | $27.9m | $99.2m | $60.6m | $8.8m | $75.9m | $57.3m | — | |
| Prepaid expenses and other assets | ($34.9m) | $10.3m | ($44.3m) | $19.0m | ($4.2m) | ($34.9m) | ($400k) | ($3.2m) | ($95.8m) | $56.6m | — | |
| Net Cash Provided by (Used in) Operating Activities | $234.9m |
$201.7m
-14.13%
|
$367.0m
+81.95%
|
$317.4m
-13.51%
|
$623.6m
+96.47%
|
$64.6m
-89.64%
|
$276.5m
+328.02%
|
$832.1m
+200.94%
|
$1.2b
+39.77%
|
$1.2b
+4.05%
|
$1.5b
+20.23%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $119.7m | $140.2m | $140.1m | $139.1m | $158.0m | $188.8m | $215.5m | $269.7m | $395.6m | $506.0m | ($448.8m) | |
| Proceeds from sale of property, plant and equipment and other | $1.1m | $3.2m | ($1.9m) | ($5.4m) | ($2.1m) | ($800k) | ($100k) | $38.9m | $20.6m | $13.4m | $5.7m | |
| Net cash paid for acquisitions | ($39.0m) | ($192.9m) | ($71.1m) | ($211.6m) | ($2.0b) | ($18.1m) | ($6.9m) | ($63.8m) | $0 | ($1.5m) | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $39.0m | $192.9m | $71.1m | $211.6m | $2.0b | $18.1m | $1.7b | $224.4m | $579.0m | $2.6b | ($427.7m) | |
| Net Cash Provided by (Used in) Investing Activities | ($157.6m) | ($332.0m) | ($209.4m) | ($349.4m) | ($2.1b) | ($199.8m) | ($1.9b) | ($294.6m) | ($682.7m) | ($3.1b) | ($870.8m) | |
| Cash flows from financing activities: | ||||||||||||
| Borrowing of Notes due 2029 | $350.0m | — | — | — | $1.3b | $0 | $1.0b | $0 | $0 | $1.0b | — | |
| Cash paid for debt issuance, extinguishment and modifications | ($13.9m) | ($200k) | ($1.3m) | ($4.8m) | ($46.1m) | ($100k) | ($25.0m) | $0 | $0 | ($34.2m) | — | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | $0 | ($3.2m) | $0 | ($900k) | $0 | — | |
| Loss on extinguishment of debt | — | — | — | — | — | $0 | $3.2m | $0 | $900k | $0 | — | |
| Net borrowings (payments) under ABL Facility | $99.3m | $134.9m | ($119.8m) | $78.9m | ($259.0m) | ($16.2m) | $1.0b | ($454.4m) | $6.8m | $1.2b | — | |
| Non-cash issuance of Common Stock in exchange for Core-Mark stock | — | — | — | — | — | $0 | $1.0b | $0 | — | — | — | |
| Payments for Repurchase of Common Stock | — | — | — | $9.3m | $5.0m | — | $0 | $11.2m | $78.1m | $57.6m | — | |
| Proceeds from Issuance of Common Stock | — | — | — | — | $828.1m | $0 | $0 | $0 | — | — | — | |
| Repurchases of common stock | — | — | — | ($9.3m) | ($5.0m) | $0 | $0 | ($11.2m) | ($78.1m) | ($57.6m) | — | |
| Other financing activities | — | — | — | — | — | ($800k) | ($100k) | ($300k) | ($300k) | $0 | — | |
| Net Cash Provided by (Used in) Financing Activities | ($76.5m) |
$127.5m
+266.67%
|
($160.8m)
-226.12%
|
$39.6m
+124.63%
|
$1.9b
+4770.71%
|
($274.4m)
-114.23%
|
$1.6b
+676.35%
|
($536.2m)
-133.90%
|
($472.6m)
+11.86%
|
$1.9b
+510.05%
|
($546.3m)
-128.19%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($5.6m) | ($2.8m) | ($3.2m) | $7.6m | $406.4m | ($409.6m) | ($3.5m) | $1.3m | $7.7m | $59.0m | $56.1m | |
| Cash and restricted cash, beginning of period | $29.4m | $23.8m | $21.0m | $25.4m | $431.8m | $22.2m | $18.7m | $20.0m | $27.7m | $86.7m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $17.8m | — | — | — | — | — | — | — | $56.1m | |
| Net increase in cash and restricted cash | ($5.6m) | ($2.8m) | ($3.2m) | $7.6m | $406.4m | ($409.6m) | ($3.5m) | $1.3m | $7.7m | $59.0m | — | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Additional Financial Items | ||||||||||||
| Change in LIFO reserve | — | — | — | — | — | $36.4m | $122.9m | $39.2m | $62.3m | $88.1m | — | |
| Change in fair value of derivative assets and liabilities | ($800k) | ($1.8m) | ($200k) | $200k | — | ($8.5m) | ($10.5m) | $19.0m | ($4.1m) | ($800k) | — | |
| Goodwill | $674.0m | $718.6m | $740.5m | $765.8m | $1.4b | $1.4b | $2.3b | $2.3b | $2.4b | $3.5b | — | |
| Income Tax Expense (Benefit) | $46.2m | $61.4m | ($5.1m) | $51.5m | ($108.1m) | $14.0m | $54.6m | $146.8m | $160.9m | $118.6m | — | |
| Income Taxes Paid, Net | $56.8m | $45.7m | $33.3m | $10.8m | $28.5m | ($117.4m) | $8.7m | $134.1m | $177.1m | $129.7m | — | |
| Income taxes receivable | — | — | ($36.9m) | $28.7m | ($145.3m) | $106.9m | $46.7m | ($11.0m) | ($29.9m) | ($17.5m) | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | — | $358.4m | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | $65.7m | $102.0m | $139.3m | $152.4m | $218.5m | $242.1m | $344.4m | — | |
| Interest net of amounts capitalized | — | $51.1m | $57.5m | $65.7m | $102.0m | $139.3m | $152.4m | $218.5m | $242.1m | $344.4m | — | |
| Operating Expenses | $1.8b | $1.9b | $2.0b | $2.2b | $3.0b | $3.3b | $4.9b | $5.5b | $5.8b | $6.6b | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | ($4.4m) | ($2.5m) | $400k | $3.1m | $800k | ($3.2m) | — | — | — | — | — | |
| Other non-cash activities | $1.5m | ($1.1m) | $8.5m | ($300k) | $29.0m | $2.7m | ($4.7m) | $9.0m | ($2.4m) | $2.5m | — | |
| Payments under finance lease obligations | — | — | ($6.9m) | ($13.2m) | ($24.2m) | ($37.9m) | ($72.1m) | ($88.5m) | ($122.2m) | ($188.0m) | — | |
| Proceeds from Stock Options Exercised | $1.3m | $4.0m | $12.3m | $6.6m | $4.8m | $5.0m | $2.7m | $3.1m | $2.2m | $11.1m | — | |
| Proceeds from employee stock purchase plan | — | — | — | — | — | $26.2m | $24.6m | $27.7m | $15.5m | $32.7m | — | |
| Proceeds from exercise of stock options | $1.3m | $4.0m | $12.3m | $6.6m | $4.8m | $5.0m | $2.7m | $3.1m | $2.2m | $11.1m | — | |
| Repayment of Notes | — | — | — | — | — | $0 | ($350.0m) | $0 | ($275.0m) | $0 | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | — | $19.7b | $25.1b | $30.4b | $50.9b | $57.3b | $58.3b | $63.3b | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Unrealized Gain (Loss) on Derivatives | $800k | $1.8m | $200k | ($200k) | — | — | — | — | — | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.