← 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
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 $407.0m $385.0m ($226.0m) ($226.0m) $265.0m $506.0m $494.0m $676.0m
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 — — — — — —
Depreciation, Depletion and Amortization $421.4m $377.9m $340.0m $362.0m $422.0m $422.0m $372.0m $395.0m $438.0m $462.0m
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
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
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
Goodwill, Impairment Loss — — — — — — — — $0 —
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
Share-based compensation expense $18.4m $20.5m $28.0m $32.0m — $40.0m $48.0m $56.0m $63.0m $83.0m
Gain (Loss) on Disposition of Assets $4.0m $3.0m — — — — — — — —
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
Gain (Loss) on Extinguishment of Debt ($53.6m) — $0 — — — $0 ($21.0m) ($10.0m) $0
Income Tax Expense (Benefit) ($78.7m) ($40.1m) $89.0m $126.0m ($68.0m) — $96.0m $172.0m $150.0m $222.0m
Interest Expense Nonoperating — — — — — — — — $315.0m $305.0m
Other Nonoperating Income (Expense) — — $13.0m ($4.0m) $21.0m — $22.0m $6.0m ($6.0m) $4.0m
Loss on extinguishment of debt $53.6m $0 $0 $0 — $0 $23.0m $21.0m $10.0m $0
Leased assets obtained in exchange for operating lease liabilities — $0 $0 $39.0m — $48.0m $32.0m $67.0m $35.0m $109.0m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable ($21.6m) $67.0m $71.0m $19.0m ($334.0m) — $240.0m $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
Goodwill $3.9b $4.0b $4.0b $4.7b $5.6b — $5.6b $5.7b $5.8b $5.8b
Insured Event, Gain (Loss) $10.5m — $0 — — — — — — —
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
Increase in receivables $21.6m ($67.0m) ($71.0m) ($19.0m) — $334.0m ($386.0m) ($157.0m) ($140.0m) ($95.0m)
(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)
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
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
Debt financing costs and fees ($25.9m) ($1.5m) ($1.0m) ($44.0m) — ($33.0m) ($30.0m) ($11.0m) ($13.0m) $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
Cashless exercise of stock options $0 $30.1m $2.0m $1.0m — $0 $1.0m $2.0m $5.0m $3.0m
Assets held for sale — — — — — — $0 $0 $1.0m $0
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement $4.0m $18.0m $0 ($12.0m) $0 — — — ($124.0m) $0
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment — — — — — — — — ($124.0m) $0
Net Cash Provided by (Used in) Operating Activities $555.6m $748.4m $609.0m $760.0m $413.0m $413.0m $765.0m $1.1b $1.2b $1.4b
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
Payments to Acquire Businesses, Net of Cash Acquired $122.3m $182.2m $0 $1.8b $972.0m — $0 $196.0m $214.0m $131.0m
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)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt — — — — — — — $1.0b — —
Issuance of new Senior Note Debt — — — — — — $0 $1.0b $500.0m $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
Repurchase of Senior Note Debt — — — — — — $0 ($1.0b) $0 $0
Principal payments on debt refinancing — — — — — — $0 $0 ($1.2b) $0
Principal payments on debt repricing — — — — — — $0 ($43.0m) ($14.0m) $0
Principal payments on debt and financing leases — ($2.7b) ($4.6b) ($5.0b) — ($2.7b) ($3.1b) ($766.0m) ($4.8b) ($9.7b)
Proceeds from Issuance of Common Stock $2.9m — $0 — — — — — — —
Payments for Repurchase of Common Stock — $280.0m $0 $0 — — $14.0m $294.0m $948.0m $926.0m
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
Net Cash Provided by (Used in) Financing Activities ($180.2m) ($404.9m) ($391.0m) $1.2b $1.4b $1.4b ($447.0m) ($587.0m) ($831.0m) ($890.0m)
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)
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 — — $105.0m $98.0m $828.0m — $211.0m $269.0m $60.0m $41.0m
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 and restricted cash—end of year — — — — — — — $269.0m $60.0m $41.0m
Cash and cash equivalents $131.1m $118.8m — — — — $211.0m $269.0m $59.0m $41.0m
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

Data sourced from SEC EDGAR 10-K filings via EdgarTools. 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.