United natural foods, inc. (UNFI)
CashFlow / Quarterly
Feb'20Nov'19Aug'19Apr'19Jan'19Oct'18Jul'18Apr'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11Jan'11Oct'10Jul'10Apr'10Jan'10Oct'09
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-30,060

-383,408

19,160

57,144

-341,896

-19,291

32,788

51,891

50,486

30,505

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,489

15,659

15,533

Income from discontinued operations, net of tax

2,107

24,954

17,953

24,370

21,407

2,070

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss from continuing operations

-32,167

-408,362

1,207

32,774

-363,303

-21,361

32,788

51,891

50,486

30,505

38,869

36,587

25,482

29,217

34,681

38,271

22,683

30,131

36,098

41,750

27,844

33,042

33,375

36,392

27,951

27,764

32,077

31,621

22,620

21,536

25,142

29,032

22,011

15,157

17,178

23,362

18,729

17,404

-

-

-

-

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

69,219

75,141

77,045

71,787

73,200

24,793

21,649

21,733

21,807

22,442

22,121

21,472

21,243

21,215

20,039

18,120

16,143

16,704

16,594

17,549

15,499

14,158

13,331

12,429

11,760

11,238

11,156

10,298

10,825

10,119

10,483

9,887

9,598

9,592

8,398

9,656

8,887

8,355

7,264

6,863

6,706

6,650

Share-based compensation

2,704

1,247

6,724

4,316

6,422

8,089

4,071

7,866

6,571

7,275

6,973

4,691

7,358

6,653

2,643

3,241

3,451

5,973

2,009

2,418

3,592

5,962

1,471

3,630

4,029

5,478

4,077

3,138

3,175

4,714

2,407

2,532

2,523

3,910

1,764

2,562

2,176

2,657

1,540

2,599

1,798

2,120

(Gain) loss on disposition of assets

-2,577

1,308

-4,006

1,087

66

-6

-2,709

-11

3

-103

-118

-430

-130

-265

-59

16

-221

-194

-285

5

811

-32

-706

105

-113

67

-150

643

1

19

4

3

48

258

39

-41

24

20

-232

-10

0

13

Gain associated with disposal of investments

-

-

-

-

-

-

-

0

0

699

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring and asset impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

248

555

0

0

0

0

0

0

0

1,629

-

-

-

-

-

-

-

-

-

-

-

-

Closed property and other restructuring charges

11,938

4,969

5,507

667

20,289

412

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Asset Impairment Charges

0

425,405

-39,851

-38,250

370,871

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net pension and other postretirement benefit income

-3,263

-11,370

-11,862

-10,941

-10,906

-844

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax benefit

2,300

-62,560

4,754

53

-66,819

1,214

7,047

867

-23,624

891

-1,731

-160

0

0

-

-

-

-

12,047

9,344

0

-6,052

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

LIFO charge

6,397

6,546

10,434

7,421

6,265

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized loss on foreign exchange

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-209

-

-

-

-122

-

-

-

-

-

-

-

-

-

-

-

-

Provision for doubtful accounts

32,405

13,098

-2,737

4,528

4,921

3,037

3,201

3,236

3,913

1,656

881

1,630

2,591

626

551

1,043

1,625

3,207

1,551

1,206

1,106

1,196

381

1,170

668

933

1,842

888

806

691

42

1,658

536

1,296

-214

-182

815

216

368

266

19

496

Loss on debt extinguishment

0

-73

-341

-445

-1,003

-1,114

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax deficit from share-based payment arrangements

-

-

-

-

-

-

-

-

-

-

83

10

8

-1,421

-35

-480

18

414

-119

204

1,002

1,659

142

138

-11

2,332

1,864

58

0

30

2,012

351

-14

455

26

724

494

301

1,423

98

298

3

Non-cash interest expense

3,560

3,833

6,376

2,077

3,953

345

-319

-362

612

344

96

103

72

-96

-225

221

0

-102

21

239

-5

134

245

717

434

616

651

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities, net of acquired businesses

-31,010

182,257

-

67,372

-55,445

118,124

-

92,198

34,258

102,674

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-23,063

35,680

-17,132

43,272

-27,848

11,008

-32,443

19,866

-24,909

16,413

8,674

42,079

-10,220

14,479

11,310

55,678

-23,758

7,440

20,841

30,216

-30,299

13,970

13,414

54,108

-22,377

19,296

6,070

36,802

-10,965

13,068

430

19,066

Inventories

-

-

-

-

-

-

-

-

-

-

-12,829

50,517

-85,886

55,127

-895

37,912

-139,517

100,387

37,008

24,168

-58,236

150,761

-28,794

66,474

-71,626

131,765

-19,659

48,942

-45,446

140,067

-60,466

43,743

-55,818

135,363

-35,495

25,356

-13,638

90,060

-16,338

45,156

-19,004

45,989

Prepaid expenses and other assets

-

-

-

-

-

-

-

-

-

-

-2,752

-11,379

22,095

-1,581

-7,422

-14,688

21,184

-4,455

-8,404

-18,354

26,803

-4,586

-8,275

-9,702

18,320

-2,367

2,873

3,067

10,299

1,463

-5,115

-6,657

236

-3,514

-

-

3,411

-3,240

7,657

-1,625

2,396

-5,144

Notes receivable, trade

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-34

1,131

-

400

-739

301

Increase (Decrease) in Accounts Payable

-

-

-

-

-

-

-

-

-

-

3,749

69,660

-24,550

33,913

-17,533

48,501

-74,984

58,395

-14,052

9,907

-30,732

50,878

-19,373

29,085

-81,176

100,198

-19,170

19,448

-44,025

76,165

-14,389

16,281

-38,336

52,539

-16,298

13,544

-38,261

50,598

-5,100

17,550

-16,921

36,962

Accrued expenses, other liabilities and other

-

-

-

-

-

-

-

-

-

-

6,774

5,892

-9,077

-3,651

10,475

-3,279

-1,258

7,202

4,080

-10,447

7,346

-8,735

12,906

84

8,262

-8,625

5,879

5,550

-709

1,360

-10,256

14,891

-2,808

10,713

4,103

14,402

-14,831

12,940

-9,313

17,310

-15,223

15,950

Net cash used in operating activities of continuing operations

173,951

-135,545

207,340

51,324

132,886

-101,319

140,314

-27,865

36,746

-40,157

110,234

66,188

104,164

-7,255

90,991

81,007

119,119

5,492

55,057

46,706

45,844

-98,743

83,065

15,178

13,839

-49,664

80,355

12,560

6,875

-55,459

101,178

22,871

35,658

-93,463

82,676

18,884

-18,812

-32,904

33,002

6,990

8,657

17,483

Net cash provided by operating activities of discontinued operations

47,271

676

38,592

44,906

31,611

-5,701

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures

43,505

41,122

70,864

56,816

63,756

16,381

14,962

14,111

10,278

5,257

16,108

17,330

13,476

9,198

12,302

8,601

12,884

7,588

30,590

42,381

28,791

27,372

39,358

31,625

43,073

33,247

31,801

14,727

15,453

4,573

11,498

7,072

5,121

7,801

16,322

10,189

6,718

7,549

24,197

15,090

6,122

9,700

Purchases of acquired businesses, net of cash acquired

0

0

10,108

393

8,105

2,273,829

10

10

8

11

9

-784

-92

10,074

217,534

89,159

14

17

19

30

253

7,734

188,542

27

32

22,973

-1,310

179

31

9,235

-32

879

2,419

31

77

73

69

21,842

-

-

-

-

Proceeds from dispositions of assets

10,132

1,605

4,473

1,000

18,745

149,529

236

11

2

34

134

16

18

0

-

-

-

-

-

-

-

-

23

5,959

3

99

23

3

2,322

20

4

3

48

277

14

19

43

20

160

-1

0

21

Proceeds from disposal of investments

-

-

-

-

-

-

0

0

0

756

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for long-term investment

0

162

0

0

0

110

0

387

3,010

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-1,204

1,204

-

64

-363

0

-

-

-

-

-

0

2,000

0

-

-

-

-

0

0

0

3,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities of continuing operations

-33,804

-40,883

-59,035

-50,471

-8,401

-2,140,791

-14,736

-14,497

-13,294

-4,478

-8,791

-16,530

-15,366

-19,272

-232,748

-97,721

-12,841

-7,605

-33,444

-42,315

-28,204

-38,106

-227,877

-25,693

-43,102

-56,121

-30,468

-14,903

-13,162

-13,788

-11,462

-7,948

-7,492

-7,555

-16,385

-10,243

-6,744

-29,371

-87,544

-15,132

-6,316

-9,679

Net cash provided by investing activities of discontinued operations

-325

17,002

17,933

5,802

44,352

-89

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

0

2,050

14,464

7,178

-547

1,905,547

0

0

0

0

-

-

-

-

-

-

-

-

0

0

0

150,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from borrowings under revolving credit line

931,543

1,338,446

658,490

614,410

893,304

1,805,300

56,000

189,000

137,480

173,581

61,250

17,625

42,431

94,356

334,759

160,664

91,899

122,650

160,509

129,514

310,331

127,962

318,666

187,744

154,759

192,715

131,348

116,792

144,429

217,477

133,287

269,333

548,437

70,460

1,023,232

-8,000

38,855

-96,425

55,570

1,225

775

-15,000

Repayments of borrowings under revolving credit line

1,062,075

1,100,746

795,575

639,504

978,600

688,000

175,000

147,039

138,403

109,229

142,250

106,825

70,210

99,408

174,814

170,424

131,652

169,591

157,528

133,777

311,542

176,614

171,245

159,809

142,074

95,210

175,486

115,813

119,367

183,441

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of long-term debt and finance leases

9,816

83,510

42,960

23,583

603,366

110,000

3,085

2,989

3,069

2,985

3,015

2,873

5,291

367

2,935

2,532

2,898

2,890

2,945

2,713

2,637

2,902

519

311

310

86

-126

79

300

100

43,663

1,262

1,261

1,261

1,259

1,259

1,258

1,257

1,255

1,649

1,254

1,254

Repurchase of common stock

-

-

-

-

-

-

1,994

0

15,788

6,449

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-4

138,305

-

-

-

-

(Decrease) increase in bank overdraft

-

-

-

-

-

-

-

-

-

-

-

28,151

-38,863

29,787

-15,752

38,295

-63,564

47,084

-28,119

-544

-7,008

40,674

-1,210

-15,667

22,031

6,347

-11,051

6,894

-19,848

30,352

3,252

-3,430

-22,178

31,029

-10,485

2,480

-8,582

18,326

-1,715

8,206

-10,092

13,583

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

292

1,735

-

1,471

0

118

-

334

117

151

-

-

-

-

0

839

251

921

118

95

2,679

523

90

433

141

1,551

261

226

290

1,165

2,970

2,093

752

1,756

401

4,647

3,204

1,910

4,730

1,948

1,789

14

Payment of employee restricted stock tax withholdings

53

819

-526

112

15

3,126

41

98

35

4,389

18

104

31

1,160

14

100

27

1,576

47

220

74

2,089

48

139

148

3,422

103

46

118

3,217

77

57

189

1,203

143

125

574

1,966

66

49

665

558

Excess tax deficit from share-based payment arrangements

-

-

-

-

-

-

-

-

-

-

83

10

8

-1,421

-35

-480

18

414

-119

204

1,002

1,659

142

138

-11

2,332

1,864

58

0

30

2,012

351

-14

455

26

724

494

301

1,423

98

298

3

Payments for debt issuance costs

0

0

13

-1,932

4,210

60,309

0

0

0

0

0

0

0

180

113

2,051

0

0

2

1,063

-54

954

1,523

0

0

0

-

-

5

7

-

-

-

-

-

-

-

-

61

0

0

7

Net cash provided by financing activities of continuing operations

-140,447

157,156

-144,001

-15,489

-693,688

2,849,530

-123,747

39,208

-19,698

50,680

-102,916

-64,016

-71,791

21,607

141,096

24,211

-105,973

-2,988

-28,133

-8,504

-7,195

138,259

144,353

12,389

34,388

104,227

-53,041

8,044

5,081

62,259

-88,411

-27,305

-18,350

101,236

-73,460

-1,533

32,135

59,194

58,626

9,779

-9,149

-3,219

Net cash used in financing activities of discontinued operations

-338

-1,060

-958

0

-254

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

EFFECT OF EXCHANGE RATE CHANGES ON CASH

29

-10

83

1,642

-1,819

-49

-274

-489

492

-304

768

-181

95

-117

-73

-652

-116

14

-40

579

-535

38

-2

128

93

-196

389

90

352

-195

615

-152

-96

-69

-282

-74

-1

-15

-

-

-

-

NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS

-271

-2,664

4,387

-12,994

-571,022

601,581

1,557

-3,643

4,246

5,741

-705

-14,539

17,102

-5,037

-734

6,845

189

-5,087

-6,560

-3,534

9,910

1,448

-461

2,002

5,218

-1,754

-2,765

5,791

-854

-7,183

1,920

-12,534

9,720

149

-7,451

7,034

6,578

-3,096

4,119

1,637

-6,808

4,585

Supplemental disclosures of cash flow information:
Cash paid for interest

44,714

49,296

67,664

49,362

58,691

7,325

4,103

4,468

4,233

3,667

3,927

4,225

4,441

4,522

4,581

4,224

3,537

4,354

3,944

3,820

3,678

3,190

1,787

1,887

1,851

1,074

1,589

1,462

1,263

932

1,209

1,102

1,367

1,056

1,207

1,137

1,149

1,259

906

1,122

1,237

1,200

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

4,498

-28,874

6,033

58,194

12,987

462

19,021

8,092

34,370

2,559

20,785

12,255

43,071

2,873

16,567

3,565

45,128

1,768

13,368

1,518

46,439

11,032

24,211

10,808

36,083

5,989

17,284

14,768

28,202

4,113

20,991

13,652

14,307

3,716

14,344

12,320

12,838

2,516

12,513

7,471

14,029

1,525