Performance Food Group (PFGC) FY2022 results: revenue $50.9 billion, up 67.4% on the year
Performance Food Group Co. (PFGC) reported revenue of $50.9 billion for fiscal 2022, the year ended 2 July 2022, up 67.4% on the year before. Net income was $112 million, up 176.4%, and diluted earnings per share $0.74. The figures are the company's own, from the 10-K it filed with the SEC on 19 August 2022.
Revenue
$50.9 billion
+67.4% on the year
FY2015FY2022
Operating margin
0.6%
0.7% a year earlier
FY2015FY2022
Net income
$112 million
+176.4% on the year
FY2015FY2022
Diluted EPS
$0.74
+146.7% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
276
64.6
624
+328.0%
Capital expenditure
216
189
158
+14.1%
Free cash flow
61.0
-124
466
Free cash flow margin
0.1%
-0.4%
1.9%
Cash from investing
-1,862
-200
-2,146
Cash from financing
1,582
-274
1,929
Depreciation and amortisation
463
339
276
+36.6%
Share-based compensation
44.0
25.4
17.9
+73.2%
Buybacks
0.0
0.0
5.0
Diluted shares, weighted
151m
133m
113m
+13.4%
Shares outstanding at period end
154m
132m
131m
+15.9%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
3,300
2,106
2,011
+56.7%
Debt
3,909
2,240
2,357
+74.5%
Operating lease liabilities
531
378
362
+40.4%
Finance lease liabilities
367
255
186
+43.8%
Other liabilities
4,272
2,866
2,804
+49.1%
Total liabilities and equity
12,378
7,846
7,720
+57.8%
Fixed assets
2,134
1,590
1,479
+34.3%
Goodwill
2,279
1,355
1,353
+68.2%
Intangible assets
1,196
796
919
+50.1%
Cash and equivalents
11.6
11.1
421
+4.5%
Receivables
2,307
1,580
1,259
+46.0%
Inventory
3,429
1,839
1,549
+86.4%
Other assets
1,021
674
740
+51.4%
Total assets
12,378
7,846
7,720
+57.8%
10-K for the year ended 2 July 2022, filed 19 August 2022: the filing.