Performance Food Group (PFGC) FY2024 results: revenue $58.3 billion, up 1.8% on the year
Performance Food Group Co. (PFGC) reported revenue of $58.3 billion for fiscal 2024, the year ended 29 June 2024, up 1.8% on the year before. Net income was $436 million, up 9.7%, and diluted earnings per share $2.79. The figures are the company's own, from the 10-K it filed with the SEC on 14 August 2024.
Revenue
$58.3 billion
+1.8% on the year
FY2017FY2024
Operating margin
1.4%
1.3% a year earlier
FY2017FY2024
Net income
$436 million
+9.7% on the year
FY2017FY2024
Diluted EPS
$2.79
+9.8% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,163
832
276
+39.8%
Capital expenditure
396
270
216
+46.7%
Free cash flow
767
562
61.0
+36.5%
Free cash flow margin
1.3%
1.0%
0.1%
Cash from investing
-683
-295
-1,862
Cash from financing
-473
-536
1,582
Depreciation and amortisation
557
497
463
+12.1%
Share-based compensation
41.9
43.4
44.0
-3.5%
Buybacks
78.1
11.2
0.0
+597.3%
Diluted shares, weighted
156m
156m
151m
-0.1%
Shares outstanding at period end
154m
154m
154m
-0.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
4,127
3,746
3,300
+10.2%
Debt
3,198
3,460
3,909
-7.6%
Operating lease liabilities
819
629
531
+30.3%
Finance lease liabilities
703
447
367
+57.2%
Other liabilities
4,545
4,217
4,272
+7.8%
Total liabilities and equity
13,393
12,499
12,378
+7.2%
Fixed assets
2,788
2,264
2,134
+23.2%
Goodwill
2,418
2,301
2,279
+5.1%
Intangible assets
971
1,028
1,196
-5.6%
Cash and equivalents
20.0
12.7
11.6
+57.5%
Receivables
2,479
2,399
2,307
+3.3%
Inventory
3,315
3,390
3,429
-2.2%
Other assets
1,401
1,104
1,021
+27.0%
Total assets
13,393
12,499
12,378
+7.2%
10-K for the year ended 29 June 2024, filed 14 August 2024: the filing.