10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001564590-18-011771 |
| Period End Date | 20180331 |
| Filing Date | 20180508 |
| Fiscal Year | 2018 |
| Fiscal Period | Q1 |
| XBRL Instance | usfd-20180331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
72 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Allowances for accounts receivable |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$25.97M | USD | Point-in-time |
| Allowances for accounts receivable |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$25.89M | USD | Point-in-time |
| Allowances for vendor receivables |
AllowanceForDoubtfulVendorReceivablesCurrent
|
$2.93M | USD | Point-in-time |
| Allowances for vendor receivables |
AllowanceForDoubtfulVendorReceivablesCurrent
|
$3.49M | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$85.29M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$118.85M | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
600.00M | shares | Point-in-time |
| Accounts receivable, less allowances of $25,889 and $25,971 |
AccountsReceivableNetCurrent
|
$1.30B | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
600.00M | shares | Point-in-time |
| Accounts receivable, less allowances of $25,889 and $25,971 |
AccountsReceivableNetCurrent
|
$1.37B | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
215.94M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
214.96M | shares | Point-in-time |
| Vendor receivables, less allowances of $3,490 and $2,934 |
VendorReceivablesNetCurrent
|
$97.20M | USD | Point-in-time |
| Vendor receivables, less allowances of $3,490 and $2,934 |
VendorReceivablesNetCurrent
|
$154.49M | USD | Point-in-time |
| Inventoriesnet |
InventoryNet
|
$1.21B | USD | Point-in-time |
| Inventoriesnet |
InventoryNet
|
$1.21B | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
215.94M | shares | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
214.96M | shares | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrent
|
$80.25M | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrent
|
$90.23M | USD | Point-in-time |
| Assets held for sale |
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
$5.18M | USD | Point-in-time |
| Assets held for sale |
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
$5.18M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$18.05M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$8.44M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$2.93B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$2.82B | USD | Point-in-time |
| PROPERTY AND EQUIPMENTNet |
PropertyPlantAndEquipmentNet
|
$1.80B | USD | Point-in-time |
| PROPERTY AND EQUIPMENTNet |
PropertyPlantAndEquipmentNet
|
$1.83B | USD | Point-in-time |
| GOODWILL |
Goodwill
|
$3.97B | USD | Point-in-time |
| GOODWILL |
Goodwill
|
$3.97B | USD | Point-in-time |
| OTHER INTANGIBLESNet |
IntangibleAssetsNetExcludingGoodwill
|
$363.62M | USD | Point-in-time |
| OTHER INTANGIBLESNet |
IntangibleAssetsNetExcludingGoodwill
|
$353.75M | USD | Point-in-time |
| DEFERRED TAX ASSETS |
DeferredTaxAssetsNetNoncurrent
|
$21.50M | USD | Point-in-time |
| DEFERRED TAX ASSETS |
DeferredTaxAssetsNetNoncurrent
|
$19.71M | USD | Point-in-time |
| OTHER ASSETS |
OtherAssetsNoncurrent
|
$74.29M | USD | Point-in-time |
| OTHER ASSETS |
OtherAssetsNoncurrent
|
$64.87M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$9.04B | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$9.17B | USD | Point-in-time |
| Bank checks outstanding |
BankChecksOutstanding
|
$153.56M | USD | Point-in-time |
| Bank checks outstanding |
BankChecksOutstanding
|
$175.03M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$1.29B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$1.54B | USD | Point-in-time |
| Accrued expenses and other current liabilities |
AccruedLiabilitiesAndOtherLiabilitiesCurrent
|
$379.83M | USD | Point-in-time |
| Accrued expenses and other current liabilities |
AccruedLiabilitiesAndOtherLiabilitiesCurrent
|
$450.74M | USD | Point-in-time |
| Current portion of long-term debt |
LongTermDebtAndCapitalLeaseObligationsCurrent
|
$120.74M | USD | Point-in-time |
| Current portion of long-term debt |
LongTermDebtAndCapitalLeaseObligationsCurrent
|
$109.23M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$2.22B | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$2.00B | USD | Point-in-time |
| LONG-TERM DEBT |
LongTermDebtAndCapitalLeaseObligations
|
$3.51B | USD | Point-in-time |
| LONG-TERM DEBT |
LongTermDebtAndCapitalLeaseObligations
|
$3.65B | USD | Point-in-time |
| DEFERRED TAX LIABILITIES |
DeferredTaxLiabilitiesNoncurrent
|
$263.32M | USD | Point-in-time |
| DEFERRED TAX LIABILITIES |
DeferredTaxLiabilitiesNoncurrent
|
$291.77M | USD | Point-in-time |
| OTHER LONG-TERM LIABILITIES |
OtherLiabilitiesNoncurrent
|
$308.14M | USD | Point-in-time |
| OTHER LONG-TERM LIABILITIES |
OtherLiabilitiesNoncurrent
|
$371.54M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$6.29B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$6.33B | USD | Point-in-time |
| COMMITMENTS AND CONTINGENCIES (Note 18) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| COMMITMENTS AND CONTINGENCIES (Note 18) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock, $0.01 par value600,000 shares authorized; 215,942 and 214,963 issued and outstanding as of March 31, 2018 and December 30, 2017, respectively |
CommonStockValue
|
$2.15M | USD | Point-in-time |
| Common stock, $0.01 par value600,000 shares authorized; 215,942 and 214,963 issued and outstanding as of March 31, 2018 and December 30, 2017, respectively |
CommonStockValue
|
$2.16M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$2.74B | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$2.72B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$123.51M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$190.83M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-95.75M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-86.11M | USD | Point-in-time |
| Total shareholders equity |
StockholdersEquity
|
$2.75B | USD | Point-in-time |
| Total shareholders equity |
StockholdersEquity
|
$2.85B | USD | Point-in-time |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |
LiabilitiesAndStockholdersEquity
|
$9.17B | USD | Point-in-time |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |
LiabilitiesAndStockholdersEquity
|
$9.04B | USD | Point-in-time |
Income Statement
37 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| NET SALES |
SalesRevenueNet
|
$5.79B | USD | 1 Quarter |
| NET SALES |
SalesRevenueNet
|
$5.82B | USD | 1 Quarter |
| COST OF GOODS SOLD |
CostOfGoodsSold
|
$4.83B | USD | 1 Quarter |
| COST OF GOODS SOLD |
CostOfGoodsSold
|
$4.80B | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$991.93M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$991.31M | USD | 1 Quarter |
| Distribution, selling and administrative costs |
SellingGeneralAndAdministrativeExpense
|
$913.59M | USD | 1 Quarter |
| Distribution, selling and administrative costs |
SellingGeneralAndAdministrativeExpense
|
$887.88M | USD | 1 Quarter |
| Restructuring charges |
RestructuringChargesNet
|
$1.87M | USD | 1 Quarter |
| Restructuring charges |
RestructuringChargesNet
|
$1.55M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$915.46M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$889.43M | USD | 1 Quarter |
| OPERATING INCOME |
OperatingIncomeLoss
|
$102.49M | USD | 1 Quarter |
| OPERATING INCOME |
OperatingIncomeLoss
|
$75.84M | USD | 1 Quarter |
| OTHER INCOMENet |
OtherNonoperatingIncomeExpense
|
$680.00K | USD | 1 Quarter |
| OTHER INCOMENet |
OtherNonoperatingIncomeExpense
|
$3.13M | USD | 1 Quarter |
| INTEREST EXPENSENet |
InterestExpense
|
$41.89M | USD | 1 Quarter |
| INTEREST EXPENSENet |
InterestExpense
|
$42.84M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$34.64M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$62.78M | USD | 1 Quarter |
| INCOME TAX (BENEFIT) PROVISION |
IncomeTaxExpenseBenefit
|
$-4.54M | USD | 1 Quarter |
| INCOME TAX (BENEFIT) PROVISION |
IncomeTaxExpenseBenefit
|
$7.82M | USD | 1 Quarter |
| NET INCOME |
NetIncomeLoss
|
$26.82M | USD | 1 Quarter |
| NET INCOME |
NetIncomeLoss
|
$67.32M | USD | 1 Quarter |
| Changes in retirement benefit obligations |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
$-657.00K | USD | 1 Quarter |
| Changes in retirement benefit obligations |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
$-603.00K | USD | 1 Quarter |
| Unrecognized gain on interest rate swaps |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
$9.04M | USD | 1 Quarter |
| COMPREHENSIVE INCOME |
ComprehensiveIncomeNetOfTax
|
$76.96M | USD | 1 Quarter |
| COMPREHENSIVE INCOME |
ComprehensiveIncomeNetOfTax
|
$27.47M | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.31 | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.12 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.12 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.31 | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
221.36M | shares | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
215.08M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
226.32M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
217.21M | shares | 1 Quarter |
Cash Flow Statement
71 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$26.82M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$67.32M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$107.76M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$81.40M | USD | 1 Quarter |
| Gain on disposal of property and equipmentnet |
GainLossOnSaleOfPropertyPlantEquipment
|
$310.00K | USD | 1 Quarter |
| Gain on disposal of property and equipmentnet |
GainLossOnSaleOfPropertyPlantEquipment
|
$82.00K | USD | 1 Quarter |
| Amortization of deferred financing costs |
AmortizationOfFinancingCosts
|
$1.03M | USD | 1 Quarter |
| Amortization of deferred financing costs |
AmortizationOfFinancingCosts
|
$1.28M | USD | 1 Quarter |
| Deferred tax provision |
DeferredIncomeTaxExpenseBenefit
|
$26.92M | USD | 1 Quarter |
| Deferred tax provision |
DeferredIncomeTaxExpenseBenefit
|
$12.28M | USD | 1 Quarter |
| Share-based compensation expense |
ShareBasedCompensation
|
$3.34M | USD | 1 Quarter |
| Share-based compensation expense |
ShareBasedCompensation
|
$7.07M | USD | 1 Quarter |
| Provision for doubtful accounts |
ProvisionForDoubtfulAccounts
|
$4.75M | USD | 1 Quarter |
| Provision for doubtful accounts |
ProvisionForDoubtfulAccounts
|
$3.00M | USD | 1 Quarter |
| Increase in receivables |
IncreaseDecreaseInAccountsReceivable
|
$192.73M | USD | 1 Quarter |
| Increase in receivables |
IncreaseDecreaseInAccountsReceivable
|
$134.80M | USD | 1 Quarter |
| Decrease in inventories |
IncreaseDecreaseInInventories
|
$-750.00K | USD | 1 Quarter |
| Decrease in inventories |
IncreaseDecreaseInInventories
|
$-35.71M | USD | 1 Quarter |
| Increase in prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$25.61M | USD | 1 Quarter |
| Increase in prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$11.85M | USD | 1 Quarter |
| Increase in accounts payable and bank checks outstanding |
IncreaseDecreaseInAccountsPayableAndBankChecksOutstanding
|
$282.39M | USD | 1 Quarter |
| Increase in accounts payable and bank checks outstanding |
IncreaseDecreaseInAccountsPayableAndBankChecksOutstanding
|
$236.98M | USD | 1 Quarter |
| Decrease in accrued expenses and other liabilities |
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
$-88.67M | USD | 1 Quarter |
| Decrease in accrued expenses and other liabilities |
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
$-131.56M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$121.60M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$191.58M | USD | 1 Quarter |
| Acquisition of businessesnet of cash |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$757.00K | USD | 1 Quarter |
| Acquisition of businessesnet of cash |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$62.50M | USD | 1 Quarter |
| Proceeds from sales of property and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$762.00K | USD | 1 Quarter |
| Proceeds from sales of property and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$724.00K | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$70.12M | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$57.18M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-57.17M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-131.90M | USD | 1 Quarter |
| Proceeds from debt borrowings |
ProceedsFromOtherDebt
|
$578.46M | USD | 1 Quarter |
| Proceeds from debt borrowings |
ProceedsFromOtherDebt
|
$863.50M | USD | 1 Quarter |
| Principal payments on debt and capital leases |
RepaymentsOfLongTermDebtAndCapitalSecurities
|
$1.04B | USD | 1 Quarter |
| Principal payments on debt and capital leases |
RepaymentsOfLongTermDebtAndCapitalSecurities
|
$548.04M | USD | 1 Quarter |
| Contingent consideration paid for business acquisitions |
PaymentForContingentConsiderationLiabilityFinancingActivities
|
$5.00M | USD | 1 Quarter |
| Contingent consideration paid for business acquisitions |
PaymentForContingentConsiderationLiabilityFinancingActivities
|
$500.00K | USD | 1 Quarter |
| Payment for debt financing costs and fees |
PaymentsOfFinancingCosts
|
$426.00K | USD | 1 Quarter |
| Proceeds from employee share purchase plan |
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
|
$3.33M | USD | 1 Quarter |
| Proceeds from employee share purchase plan |
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
|
$3.82M | USD | 1 Quarter |
| Proceeds from exercise of stock options |
ProceedsFromStockOptionsExercised
|
$7.02M | USD | 1 Quarter |
| Proceeds from exercise of stock options |
ProceedsFromStockOptionsExercised
|
$7.45M | USD | 1 Quarter |
| Tax withholding payments for net share-settled equity awards |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$269.00K | USD | 1 Quarter |
| Tax withholding payments for net share-settled equity awards |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$3.97M | USD | 1 Quarter |
| Common stock and share-based awards settled |
CommonStockAndShareBasedAwardsSettled
|
$84.00K | USD | 1 Quarter |
| Common stock and share-based awards settled |
CommonStockAndShareBasedAwardsSettled
|
$302.00K | USD | 1 Quarter |
| Net cash (used in) provided by financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-167.95M | USD | 1 Quarter |
| Net cash (used in) provided by financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$31.07M | USD | 1 Quarter |
| NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-33.54M | USD | 1 Quarter |
| NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$20.77M | USD | 1 Quarter |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASHBeginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$152.21M | USD | Point-in-time |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASHBeginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$85.64M | USD | Point-in-time |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASHBeginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$119.18M | USD | Point-in-time |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASHBeginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$131.44M | USD | Point-in-time |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASHEnd of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$152.21M | USD | Point-in-time |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASHEnd of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$85.64M | USD | Point-in-time |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASHEnd of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$119.18M | USD | Point-in-time |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASHEnd of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$131.44M | USD | Point-in-time |
| Interest (net of amounts capitalized) |
InterestPaid
|
$32.85M | USD | 1 Quarter |
| Interest (net of amounts capitalized) |
InterestPaid
|
$29.59M | USD | 1 Quarter |
| Income taxes paid (refunded)net |
IncomeTaxesPaidNet
|
$-39.00K | USD | 1 Quarter |
| Income taxes paid (refunded)net |
IncomeTaxesPaidNet
|
$902.00K | USD | 1 Quarter |
| Property and equipment purchases included in accounts payable |
CapitalExpendituresIncurredButNotYetPaid
|
$21.81M | USD | 1 Quarter |
| Property and equipment purchases included in accounts payable |
CapitalExpendituresIncurredButNotYetPaid
|
$15.91M | USD | 1 Quarter |
| Capital lease additions |
CapitalLeaseObligationsIncurred
|
$50.26M | USD | 1 Quarter |
| Capital lease additions |
CapitalLeaseObligationsIncurred
|
$40.84M | USD | 1 Quarter |
| Cashless exercise of equity awards |
StockIssued1
|
$377.00K | USD | 1 Quarter |
| Cashless exercise of equity awards |
StockIssued1
|
$7.15M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.