← US Foods Holding Corp.

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 $209.8m
$444.3m +111.78%
$407.0m -8.39%
$385.0m -5.41%
($226.0m) -158.70%
($226.0m) 0.00%
$265.0m +217.26%
$506.0m +90.94%
$494.0m -2.37%
$676.0m +36.84%
—
Depreciation, Depletion and Amortization $421.4m $377.9m $340.0m $362.0m $422.0m $422.0m $372.0m $395.0m $438.0m $462.0m $472.0m
Amortization of Debt Issuance Costs $7.3m $5.7m $7.0m $7.0m $16.0m — $12.0m $17.0m $9.0m — —
Amortization of Intangible Assets $155.0m $95.0m $40.0m $51.0m $79.0m — $45.0m $46.0m $54.0m $56.0m —
Deferred Income Tax Expense (Benefit) ($80.4m) ($122.9m) $45.0m $7.0m ($51.0m) — $17.0m $9.0m ($10.0m) $86.0m $84.0m
Deferred tax provision (benefit) ($80.4m) ($122.9m) $45.0m $7.0m — ($51.0m) $38.0m $9.0m ($10.0m) $86.0m —
Share-based Payment Arrangement, Noncash Expense $18.4m $20.5m $28.0m $32.0m $40.0m — $45.0m $56.0m $63.0m $83.0m $92.0m
Payment, Tax Withholding, Share-based Payment Arrangement — $28.3m $6.0m $5.0m $5.0m — $16.0m $12.0m $21.0m $38.0m —
Share-based Payment Arrangement, Expense — — $28.0m $32.0m $40.0m — $45.0m $56.0m $63.0m $83.0m $92.0m
Share-based compensation expense $18.4m $20.5m $28.0m $32.0m — $40.0m $48.0m $56.0m $63.0m $83.0m $92.0m
Goodwill, Impairment Loss — — — — — — — — $0 — $13.0m
Impairment of Intangible Assets (Excluding Goodwill) — — — — $9.0m — $0 $0 — $13.0m —
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) — — — — — — — — $0 — —
Restructuring Costs and Asset Impairment Charges $53.5m ($571k) — — — — — — — — —
Intangible asset impairment charges — — $0 $0 — $9.0m $7.0m $0 $0 $13.0m —
Other Nonoperating Income (Expense) — — $13.0m ($4.0m) $21.0m — $22.0m $6.0m ($6.0m) $4.0m —
Changes in operating assets and liabilities:
Increase (Decrease) in Accounts Receivable ($21.6m) $67.0m $71.0m $19.0m ($334.0m) — $240.0m $157.0m $140.0m $95.0m ($164.0m)
Increase in receivables $21.6m ($67.0m) ($71.0m) ($19.0m) — $334.0m ($386.0m) ($157.0m) ($140.0m) ($95.0m) —
Increase (Decrease) in Inventories $100.6m ($40.4m) $72.0m ($16.0m) ($201.0m) $201.0m ($70.0m) ($61.0m) $16.0m $66.0m ($123.0m)
Increase in accounts payable and cash overdraft liability $131.0m $16.6m $79.0m ($56.0m) — ($339.0m) $471.0m $200.0m $170.0m $143.0m —
Increase (decrease) in accrued expenses and other liabilities ($135.9m) $40.7m ($126.0m) ($4.0m) — ($12.0m) $94.0m $80.0m ($34.0m) $57.0m ($18.0m)
(Increase) decrease in prepaid expenses and other assets $6.2m ($23.9m) ($45.0m) $9.0m — ($30.0m) $4.0m ($67.0m) $38.0m ($34.0m) —
Net Cash Provided by (Used in) Operating Activities $555.6m
$748.4m +34.70%
$609.0m -18.63%
$760.0m +24.79%
$413.0m -45.66%
$413.0m 0.00%
$765.0m +85.23%
$1.1b +49.02%
$1.2b +2.98%
$1.4b +16.61%
$1.4b 0.00%
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $164.4m $221.3m $235.0m $258.0m $189.0m $21.0m $265.0m $309.0m $341.0m $410.0m ($423.0m)
Gain (Loss) on Disposition of Property Plant Equipment $6.3m $3.7m $1.0m $1.0m $17.0m $44.0m $5.0m $6.0m $1.0m $6.0m $133.0m
Payments to Acquire Businesses, Net of Cash Acquired $122.3m $182.2m $0 $1.8b $972.0m — $0 $196.0m $214.0m $131.0m ($46.0m)
Proceeds from business divestiture — $0 $0 $94.0m — $7.0m $5.0m $0 $0 $38.0m —
Net Cash Provided by (Used in) Investing Activities ($762.1m) ($355.8m) ($232.0m) ($2.0b) ($1.1b) ($1.1b) ($255.0m) ($495.0m) ($552.0m) ($497.0m) ($467.0m)
Cash flows from financing activities:
Gain (Loss) on Extinguishment of Debt ($53.6m) — $0 — — — $0 ($21.0m) ($10.0m) $0 —
Proceeds from Issuance of Long-term Debt — — — — — — — $1.0b — — $10.7b
Loss on extinguishment of debt $53.6m $0 $0 $0 — $0 $23.0m $21.0m $10.0m $0 —
Repurchase of Senior Note Debt — — — — — — $0 ($1.0b) $0 $0 —
Issuance of new Senior Note Debt — — — — — — $0 $1.0b $500.0m $0 —
Principal payments on debt refinancing — — — — — — $0 $0 ($1.2b) $0 —
Principal payments on debt repricing — — — — — — $0 ($43.0m) ($14.0m) $0 —
Proceeds from debt repricing — — — — — — $0 $43.0m $14.0m $0 —
Proceeds from debt borrowings $2.7b $2.5b $4.2b $6.2b — $3.6b $2.3b $456.0m $4.9b $9.8b —
Principal payments on debt and financing leases — ($2.7b) ($4.6b) ($5.0b) — ($2.7b) ($3.1b) ($766.0m) ($4.8b) ($9.7b) —
Debt financing costs and fees ($25.9m) ($1.5m) ($1.0m) ($44.0m) — ($33.0m) ($30.0m) ($11.0m) ($13.0m) $0 —
Payments for Repurchase of Common Stock — $280.0m $0 $0 — — $14.0m $294.0m $948.0m $926.0m —
Proceeds from Issuance of Common Stock $2.9m — $0 — — — — — — — —
Repurchase of common stock $0 ($280.0m) $0 $0 — $0 $14.0m $294.0m ($948.0m) ($926.0m) —
Dividends paid on Series A convertible preferred stock — — — $0 — $0 ($28.0m) ($7.0m) $0 $0 $0
Net Cash Provided by (Used in) Financing Activities ($180.2m)
($404.9m) -124.66%
($391.0m) +3.42%
$1.2b +412.02%
$1.4b +16.97%
$1.4b 0.00%
($447.0m) -131.32%
($587.0m) -31.32%
($831.0m) -41.57%
($890.0m) -7.10%
($907.0m) -1.91%
Net (decrease) increase in cash, cash equivalents and restricted cash ($393.0m) ($12.0m) ($14.0m) ($7.0m) — $730.0m ($680.0m) $58.0m ($209.0m) ($18.0m) —
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — ($14.0m) ($7.0m) $730.0m — $63.0m $58.0m ($209.0m) ($18.0m) $56.0m
Cash, cash equivalents and restricted cash—beginning of year $131.0m $119.0m $105.0m $98.0m — $828.0m $148.0m $269.0m $60.0m $41.0m —
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — $105.0m $98.0m $828.0m — $211.0m $269.0m $60.0m $41.0m $56.0m
Cash, cash equivalents and restricted cash—end of year — — — — — — — $269.0m $60.0m $41.0m —
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $223.0m $158.0m $160.0m $173.0m $216.0m $216.0m $243.0m $294.0m $284.0m $300.0m —
Income Taxes Paid, Net $4.6m $11.1m $78.0m $137.0m ($1.0m) ($1.0m) $68.0m $161.0m $181.0m $89.0m —
Additional Financial Items
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement $4.0m $18.0m $0 ($12.0m) $0 — — — ($124.0m) $0 —
Gain (Loss) on Disposition of Assets $4.0m $3.0m — — — — — — — — —
Goodwill $3.9b $4.0b $4.0b $4.7b $5.6b — $5.6b $5.7b $5.8b $5.8b $13.0m
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent — — — $385.0m — — — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent — — — $0 — — — — — — —
Income Tax Expense (Benefit) ($78.7m) ($40.1m) $89.0m $126.0m ($68.0m) — $96.0m $172.0m $150.0m $222.0m —
Insured Event, Gain (Loss) $10.5m — $0 — — — — — — — —
Interest Expense Nonoperating — — — — — — — — $315.0m $305.0m —
Operating Expenses $3.6b $3.6b $3.6b $3.9b $3.8b — $4.9b $5.1b $5.4b $5.7b —
Payments of Financing Costs $25.9m $1.5m $1.0m $44.0m $33.0m — $4.0m $11.0m $13.0m $0 —
Proceeds from Stock Options Exercised — $18.4m $19.0m $19.0m $3.0m — $15.0m $26.0m $15.0m $6.0m —
Restructuring Costs — — $1.0m $0 $39.0m — $12.0m $14.0m $23.0m $33.0m —
Loss on pension settlement — — — — — — $0 $0 $124.0m $0 —
Provision for doubtful accounts $11.1m $18.0m $17.0m $21.0m — $63.0m ($24.0m) $24.0m $29.0m $35.0m —
Other non-cash activities — — — — — — — $12.0m $8.0m $9.0m —
Acquisition of businesses—net of cash received ($122.3m) ($182.2m) $0 ($1.8b) — ($972.0m) $0 ($196.0m) ($214.0m) ($131.0m) —
Proceeds from Term Loan Issuance — — — — — — $0 $0 $725.0m $0 —
Unsettled accelerated share repurchases — — — — — — — $0 $0 ($50.0m) —
Proceeds from employee stock purchase plan $3.4m $15.8m $19.0m $19.0m — $18.0m $20.0m $24.0m $28.0m $28.0m —
Proceeds from exercise of stock options $0 $18.4m $19.0m $19.0m — $3.0m $15.0m $26.0m $15.0m $6.0m —
Purchase of interest rate caps — — — — — — $0 ($3.0m) $0 ($1.0m) —
Tax withholding payments for net share-settled equity awards $0 ($28.3m) ($6.0m) ($5.0m) — ($5.0m) ($14.0m) ($12.0m) ($21.0m) ($38.0m) —
Conversion of Series A Convertible Preferred Stock — — — — — — $0 $534.0m $0 $0 —
Federal — — — — — — — $145.0m $150.0m $52.0m —
State — — — — — — — $16.0m $31.0m $37.0m —
Leased assets obtained in exchange for financing lease liabilities — $91.0m $101.0m $86.0m — $73.0m $56.0m $125.0m $145.0m $201.0m —
Leased assets obtained in exchange for operating lease liabilities — $0 $0 $39.0m — $48.0m $32.0m $67.0m $35.0m $109.0m —
Cashless exercise of stock options $0 $30.1m $2.0m $1.0m — $0 $1.0m $2.0m $5.0m $3.0m —
Cash and cash equivalents $131.1m $118.8m — — — — $211.0m $269.0m $59.0m $41.0m $61.0m
Assets held for sale — — — — — — $0 $0 $1.0m $0 —

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.