US Foods Holding Corp. (USFD) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 294M | 293M | 351M | 334M | 391M | 283M | 270M | 482M | 139M | 205M | 282M | 374M | 279M | 152M | 354M | 101M | 158M | -101M | 270M | 74M |
| Operating CF Margin % | 3.06% | 2.99% | 3.44% | 3.31% | 4.18% | 2.98% | 2.78% | 4.96% | 1.55% | 2.29% | 3.1% | 4.15% | 3.27% | 1.79% | 3.97% | 1.14% | 2.03% | -1.32% | 3.42% | 0.97% |
| Operating CF Growth % | -24.81% | 3.53% | 30% | -30.71% | 181.3% | 38.05% | -4.26% | 28.88% | -50.18% | 34.87% | -20.34% | 270.3% | 76.58% | 250.5% | 31.11% | 36.49% | -10.23% | 15.83% | 213.92% | -91.11% |
| Net Income | 116M | 184M | 153M | 224M | 115M | 66M | 148M | 198M | 82M | 147M | 95M | 182M | 82M | 93M | 109M | 70M | -7M | 69M | 64M | 55M |
| Depreciation & Amortization | 119M | 117M | 118M | 115M | 112M | 111M | 114M | 108M | 105M | 105M | 97M | 95M | 98M | 99M | 92M | 92M | 89M | 92M | 91M | 94M |
| Stock-Based Compensation | 0 | 19M | 19M | 23M | 22M | 17M | 16M | 15M | 15M | 13M | 15M | 14M | 14M | 11M | 13M | 9M | 12M | 12M | 13M | 13M |
| Deferred Taxes | 11M | 40M | 31M | 7M | 8M | 23M | -22M | -16M | 5M | 4M | 4M | -4M | 5M | 18M | -8M | 3M | 4M | 19M | 13M | 10M |
| Other Non-Cash Items | 32M | 12M | 27M | 6M | 12M | 143M | 9M | 9M | 10M | 7M | 26M | 8M | 16M | 12M | 7M | 2M | 2M | -1M | 5M | 3M |
| Working Capital Changes | 16M | -79M | 3M | -41M | 122M | -77M | 5M | 168M | -78M | -71M | 45M | 79M | 64M | -81M | 141M | -75M | 58M | -292M | 84M | -101M |
| Change in Receivables | -211M | 234M | -99M | -56M | -174M | 142M | -101M | -8M | -173M | 134M | -92M | -2M | -197M | 195M | -72M | -120M | -243M | 144M | -14M | -201M |
| Change in Inventory | 34M | -10M | -121M | -55M | 120M | -10M | -25M | 39M | -20M | 16M | -40M | 94M | -9M | 144M | 33M | 33M | -140M | -121M | -6M | -108M |
| Change in Payables | 291M | -264M | 139M | 78M | 190M | -146M | 39M | 56M | 221M | -234M | 125M | -12M | 321M | -381M | 124M | -13M | 463M | -309M | 59M | 166M |
| Cash from Investing | -97M | -178M | -115M | -75M | -130M | -105M | -79M | -282M | -86M | -194M | -195M | -46M | -60M | -58M | -57M | -70M | -70M | -96M | -65M | -55M |
| Capital Expenditures | -98M | -134M | -115M | -77M | -84M | -105M | -80M | -69M | -87M | -142M | -59M | -47M | -61M | -64M | -58M | -71M | -72M | -101M | -66M | -61M |
| CapEx % of Revenue | 1.02% | 1.37% | 1.13% | 0.76% | 0.9% | 1.11% | 0.82% | 0.71% | 0.97% | 1.59% | 0.65% | 0.52% | 0.71% | 0.75% | 0.65% | 0.8% | 0.92% | 1.32% | 0.84% | 0.8% |
| Acquisitions | 1M | -44M | 0 | -2M | -47M | 0 | 0 | -214M | 0 | -54M | -142M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 4M | 1M | 0 | 1M | 1M | 1M | 2M | 6M | 1M | 1M | 6M | 1M | 1M | 2M | 5M | 1M | 6M |
| Cash from Financing | -189M | -130M | -241M | -299M | -219M | -199M | -515M | -62M | -55M | -88M | -120M | -241M | -138M | -249M | -128M | -24M | -46M | -426M | -132M | -232M |
| Debt Issued (Net) | -77M | 241M | 84M | -64M | -170M | 124M | 49M | -34M | -31M | -30M | -89M | -93M | -98M | -229M | -129M | -27M | -28M | -409M | -130M | -235M |
| Equity Issued (Net) | -61M | -368M | -325M | -247M | -23M | -320M | -574M | -41M | -13M | -65M | -27M | -168M | -34M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -7M | -10M | -9M | -9M | -9M | -10M | -9M | -9M |
| Share Repurchases | -75M | -374M | -332M | -247M | -23M | -320M | -574M | -41M | -13M | -65M | -27M | -168M | -34M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -51M | -3M | 0 | 12M | -26M | -3M | 10M | 13M | -11M | 7M | -4M | 20M | 1M | -10M | 10M | 12M | -9M | -7M | 7M | 12M |
| Net Change in Cash | 8M | -15M | -5M | -40M | 42M | -21M | -324M | 138M | -2M | -77M | -33M | 87M | 81M | -155M | 169M | 7M | 42M | -624M | 73M | -213M |
| Free Cash Flow | 196M | 159M | 236M | 257M | 307M | 178M | 190M | 413M | 52M | 63M | 223M | 327M | 218M | 88M | 296M | 30M | 86M | -202M | 204M | 13M |
| FCF Margin % | 2.04% | 1.62% | 2.32% | 2.55% | 3.28% | 1.88% | 1.95% | 4.25% | 0.58% | 0.7% | 2.45% | 3.63% | 2.55% | 1.03% | 3.32% | 0.34% | 1.1% | -2.64% | 2.59% | 0.17% |
| FCF Growth % | -36.16% | -10.67% | 24.21% | -37.77% | 490.38% | 182.54% | -14.8% | 26.3% | -76.15% | -28.41% | -24.66% | 990% | 153.49% | 143.56% | 45.1% | 130.77% | -33.85% | -30.32% | 178.46% | -98.33% |
| FCF per Share | 0.88 | 0.71 | 1.03 | 1.10 | 1.31 | 0.76 | 0.78 | 1.67 | 0.21 | 0.25 | 0.90 | 1.30 | 0.87 | 0.39 | 1.18 | 0.13 | 0.39 | -0.89 | 0.91 | 0.06 |
| FCF Conversion (FCF/Net Income) | 2.53x | 1.59x | 2.29x | 1.49x | 3.40x | 4.29x | 1.82x | 2.43x | 1.70x | 1.39x | 2.97x | 2.05x | 3.40x | 1.63x | 3.25x | 1.44x | -22.57x | -1.46x | 4.22x | 1.35x |
| Interest Paid | 0 | 60M | 91M | 57M | 92M | 51M | 86M | 54M | 93M | 55M | 92M | 86M | 61M | 81M | 57M | 68M | 37M | 51M | 46M | 55M |
| Taxes Paid | 0 | 3M | 6M | 76M | 4M | 42M | 82M | 52M | 5M | 35M | 59M | 64M | 3M | 23M | 32M | 12M | 1M | 1M | 0 | 0 |