United natural foods, inc. (UNFI)
CashFlow / Yearly
Aug'19Jul'18Jul'17Jul'16Jul'15Jul'14Jul'13Jul'12Jul'11Jul'10Jul'09
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-284,883

165,670

130,155

-

-

-

-

-

-

-

-

Income from discontinued operations, net of tax

65,800

0

0

-

-

-

-

-

-

-

-

Net loss from continuing operations

-350,683

165,670

130,155

125,766

138,734

125,482

107,854

91,342

76,673

68,321

59,184

Adjustments to reconcile net loss from continuing operations to net cash used in operating activities:
Depreciation and amortization

246,825

87,631

86,051

71,006

63,800

48,758

42,398

39,560

35,296

27,483

27,029

Share-based compensation

25,551

25,783

25,675

15,308

13,981

14,608

15,104

11,372

9,159

8,057

5,504

(Gain) loss on disposition of assets

-2,859

-2,820

-943

-458

499

-647

513

313

42

-229

-262

Gain associated with disposal of investment

0

699

6,106

0

0

-

-

-

-

-

-

Gain associated with disposal of investments

-

-

-

-

2,824

4,840

0

0

-

-

-

Restructuring and asset impairment

-

-

-

758

803

0

1,629

0

200

-

-

Closed property and other restructuring charges

26,875

0

640

-

-

-

-

-

-

-

-

Asset Impairment Charges

292,770

11,242

0

-

-

-

0

-

5,790

-

-

Net pension and other postretirement benefit income

-34,553

0

0

-

-

-

-

-

-

-

-

Deferred income tax benefit

-60,798

-14,819

-1,891

12,480

15,339

881

6,780

-6,115

15,520

5,061

239

LIFO charge

24,120

0

0

-

-

-

-

-

-

-

-

Change in accounting estimate

0

20,909

0

0

-

-

-

-

-

-

-

Unrealized loss on foreign exchange

-

-

-

-

-

-

-

-

-318

61

-

Realized gain on hedge related to Canadian acquisition

-

-

-

-

-

-

-

-

-

2,814

-

Provision for doubtful accounts

9,749

12,006

5,728

6,426

5,059

3,152

4,227

3,532

635

1,149

4,759

Loss on debt extinguishment

-2,903

0

0

-

-

-

-

-

-

-

-

Excess tax deficit from share-based payment arrangements

0

0

-1,320

-83

2,746

2,601

1,952

2,804

1,545

1,822

234

Non-cash interest expense

12,751

275

175

-106

389

2,012

651

0

0

-

-

Changes in operating assets and liabilities, net of acquired businesses
Accounts receivable

-52,735

67,283

38,757

-29,417

42,257

71,247

34,739

51,193

39,791

21,599

3,950

Inventories

-177,094

108,795

6,929

-2,113

153,701

97,819

123,904

62,822

66,283

55,803

-30,398

Prepaid expenses and other assets

43,167

-4,473

6,383

-5,381

-4,541

-2,024

17,702

-15,050

12,283

3,284

2,729

Notes receivable, trade

-

-

-

-

-

-

-

-

-

-

652

Increase (Decrease) in Accounts Payable

-40,149

3,961

82,772

14,379

16,001

28,734

32,418

16,095

9,583

32,491

-13,836

Accrued expenses, other liabilities and other

-169,760

7,682

-62

13,140

-7,756

12,627

12,080

12,540

16,614

8,724

2,349

Net cash used in operating activities of continuing operations

175,122

109,038

273,331

296,609

48,864

62,418

44,331

66,244

49,844

66,132

108,323

Net cash provided by operating activities of discontinued operations

109,408

0

0

-

-

-

-

-

-

-

-

CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures

207,817

44,608

56,112

41,375

129,134

147,303

66,554

31,492

40,778

55,109

32,353

Purchases of acquired businesses, net of cash acquired

2,292,435

39

9,207

306,724

8,036

211,574

8,135

3,297

22,061

66,556

4,495

Cash proceeds from hedge related to Canadian acquisition

-

-

-

-

-

-

-

-

-

-2,814

-

Proceeds from dispositions of assets

173,747

283

168

109

1,026

6,084

2,368

332

96

180

98

Proceeds from disposal of investments

0

756

9,192

0

0

-

-

-

-

-

-

Payments for long-term investment

110

3,397

2,000

-

-

-

-

-

-

-

-

Payment of company owned life insurance premiums

170

0

2,000

2,925

2,925

0

0

-

-

-

-

Other

-

-

-

0

3,000

0

0

-

-

-

-

Net cash used in investing activities of continuing operations

-2,326,785

-47,005

-59,959

-350,915

-142,069

-352,793

-72,321

-34,457

-62,743

-118,671

-36,750

Net cash provided by investing activities of discontinued operations

67,998

0

0

-

-

-

-

-

-

-

-

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings of long-term debt

1,926,642

0

0

-

150,000

0

0

-

-

-

-

Proceeds from borrowings under revolving credit line

3,971,504

556,061

215,662

709,972

728,316

853,884

610,046

1,021,517

957,662

42,570

-88,050

Proceeds from issuance of other loans

22,358

0

0

-

-

-

-

-

-

-

-

Repayments of borrowings under revolving credit line

3,101,679

569,671

418,693

646,481

779,461

568,338

594,107

1,021,517

1,085,232

-

-

Repayments of long-term debt and finance leases

779,909

12,128

11,546

11,255

11,197

1,226

353

47,447

5,033

5,412

4,634

Repurchase of common stock

0

24,231

0

0

-

-

-

-

-

-

-

Proceeds from the issuance of common stock and exercise of stock options

23,975

975

274

-

-

-

-

-

138,301

-

-

(Decrease) increase in bank overdraft

-

-

-

6,063

5,003

11,501

6,347

8,673

1,739

9,982

8,494

Proceeds from the issuance of common stock and exercise of stock options

-

-

-

2,011

3,415

2,215

1,942

7,571

10,162

8,481

1,573

Payment of employee restricted stock tax withholdings

2,727

4,563

1,313

1,717

2,430

3,757

3,484

1,526

2,808

1,338

535

Excess tax deficit from share-based payment arrangements

0

0

-1,320

-83

2,746

2,601

1,952

2,804

1,545

1,822

234

Payments on life insurance policy loans

-

-

-

-

-

-

-

-

-

-

3,072

Payments for debt issuance costs

62,600

0

180

2,164

1,965

1,523

0

2,905

0

68

647

Net cash provided by financing activities of continuing operations

1,997,564

-53,557

-217,116

56,346

94,427

295,357

22,343

-32,830

16,336

56,037

-86,637

Net cash used in financing activities of discontinued operations

-1,212

0

0

-

-

-

-

-

-

-

-

EFFECT OF EXCHANGE RATE CHANGES ON CASH

-143

-575

565

-827

42

23

636

298

-372

35

-

NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS

21,952

7,901

-3,179

1,213

1,264

5,005

-5,011

-745

3,065

3,533

-15,064

Supplemental disclosures of cash flow information:
Non-cash financing activity

-

-

-

-

14,088

0

32,826

0

0

-

-

Non-cash investing activity

-

-

-

-

14,088

7,104

32,826

0

0

-

-

Cash paid for interest

183,042

16,471

17,115

16,696

14,632

6,599

5,246

4,734

4,752

4,465

9,094

Cash (refunds) payments for federal and state income taxes, net

77,676

64,042

78,984

67,028

72,357

77,091

64,367

52,666

42,018

35,538

43,978