US Foods Holding (USFD) FY2022 results: revenue $34.1 billion, up 15.5% on the year
US Foods Holding Corp. (USFD) reported revenue of $34.1 billion for fiscal 2022, the year ended 31 December 2022, up 15.5% on the year before. Net income was $265 million, up 61.6%, and diluted earnings per share $1.01. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2023.
Revenue
$34.1 billion
+15.5% on the year
FY2015FY2022
Operating margin
1.7%
1.4% a year earlier
FY2015FY2022
Net income
$265 million
+61.6% on the year
FY2015FY2022
Diluted EPS
$1.01
+87.0% 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
765
419
413
+82.6%
Capital expenditure
265
274
189
-3.3%
Free cash flow
500
145
224
+244.8%
Free cash flow margin
1.5%
0.5%
1.0%
Cash from investing
-255
-262
-1,110
Cash from financing
-447
-837
1,427
Depreciation and amortisation
372
378
422
-1.6%
Share-based compensation
45.0
48.0
40.0
-6.2%
Buybacks
14.0
0.0
0.0
Diluted shares, weighted
226m
225m
220m
+0.4%
Shares outstanding at period end
225m
223m
221m
+0.9%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
3,961
3,735
3,530
+6.1%
Debt
4,854
5,011
5,748
-3.1%
Operating lease liabilities
246
244
263
+0.8%
Finance lease liabilities
354
220
237
+60.9%
Other liabilities
3,358
3,311
2,645
+1.4%
Total liabilities and equity
12,773
12,521
12,423
+2.0%
Fixed assets
2,171
2,033
2,021
+6.8%
Goodwill
5,625
5,625
5,637
0.0%
Intangible assets
785
830
892
-5.4%
Cash and equivalents
211
148
828
+42.6%
Receivables
1,705
1,469
1,084
+16.1%
Inventory
1,616
1,686
1,273
-4.2%
Other assets
660
730
688
-9.6%
Total assets
12,773
12,521
12,423
+2.0%
10-K for the year ended 31 December 2022, filed 17 February 2023: the filing.