US Foods Holding (USFD) FY2021 results: revenue $29.5 billion, up 28.8% on the year
US Foods Holding Corp. (USFD) reported revenue of $29.5 billion for fiscal 2021, the year ended 1 January 2022, up 28.8% on the year before. Net income was $164 million, and diluted earnings per share $0.54. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2022.
Revenue
$29.5 billion
+28.8% on the year
FY2014FY2021
Operating margin
1.4%
-0.3% a year earlier
FY2014FY2021
Net income
$164 million
FY2014FY2021
Diluted EPS
$0.54
FY2014FY2021
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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
419
413
760
+1.5%
Capital expenditure
274
189
258
+45.0%
Free cash flow
145
224
502
-35.3%
Free cash flow margin
0.5%
1.0%
1.9%
Cash from investing
-262
-1,110
-1,987
Cash from financing
-837
1,427
1,220
Depreciation and amortisation
378
422
362
-10.4%
Share-based compensation
48.0
40.0
32.0
+20.0%
Buybacks
0.0
0.0
0.0
Diluted shares, weighted
225m
220m
220m
+2.3%
Shares outstanding at period end
223m
221m
220m
+0.9%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
3,735
3,530
3,709
+5.8%
Debt
5,011
5,748
4,736
-12.8%
Operating lease liabilities
244
263
131
-7.2%
Finance lease liabilities
220
237
257
-7.2%
Other liabilities
3,311
2,645
2,455
+25.2%
Total liabilities and equity
12,521
12,423
11,288
+0.8%
Fixed assets
2,033
2,021
2,075
+0.6%
Goodwill
5,625
5,637
4,728
-0.2%
Intangible assets
830
892
967
-7.0%
Cash and equivalents
148
828
90.0
-82.1%
Receivables
1,469
1,084
1,455
+35.5%
Inventory
1,686
1,273
1,432
+32.4%
Other assets
730
688
541
+6.1%
Total assets
12,521
12,423
11,288
+0.8%
10-K for the year ended 1 January 2022, filed 17 February 2022: the filing.