UNITED NATURAL FOODS INC
For the period ended Aug 3, 2024. Filed Oct 1, 2024.
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FY2024 · Filed Oct 1, 2024
UNFI$47.28-0.5%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Fiscal Year Ended | |||
|---|---|---|---|
| (in millions) | August 3, 2024(53 weeks) | July 29, 2023(52 weeks) | July 30, 2022(52 weeks) |
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Net (loss) income including noncontrolling interests | $(110) | $30 | $254 |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | |||
| Depreciation and amortization | 319 | 304 | 285 |
| Share-based compensation | 39 | 38 | 44 |
| Gain on sale of assets | (7) | (9) | (87) |
| Long-lived asset impairment charges | 43 | 25 | — |
| Closed property and other restructuring charges | — | — | 2 |
| Net pension and other postretirement benefit income | (15) | (29) | (40) |
| Deferred income tax (benefit) expense | (49) | (36) | 55 |
| LIFO charge | 7 | 119 | 158 |
| Provision (recoveries) for losses on receivables | 3 | (1) | 2 |
| Non-cash interest expense and other adjustments | 18 | 13 | 24 |
| Changes in operating assets and liabilities, net of acquired businesses | |||
| Accounts and notes receivable | (68) | 327 | (108) |
| Inventories | 104 | (57) | (264) |
| Prepaid expenses and other assets | (157) | (108) | (155) |
| Accounts payable | (81) | 53 | 86 |
| Accrued expenses and other liabilities | 207 | (45) | 75 |
| Net cash provided by operating activities | 253 | 624 | 331 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||
| Payments for capital expenditures | (345) | (323) | (251) |
| Proceeds from dispositions of assets | 25 | 16 | 230 |
| Payments for investments | (22) | (32) | (28) |
| Net cash used in investing activities | (342) | (339) | (49) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||
| Proceeds from borrowings under revolving credit line | 2,571 | 2,976 | 4,425 |
| Proceeds from issuance of other loans | 15 | — | — |
| Repayments of borrowings under revolving credit line | (2,270) | (3,004) | (4,287) |
| Repayments of long-term debt and finance leases | (191) | (154) | (376) |
| Repurchases of common stock | — | (62) | — |
| Proceeds from the issuance of common stock and exercise of stock options | — | — | 8 |
| Payments of employee restricted stock tax withholdings | (7) | (40) | (41) |
| Payments for debt issuance costs | (18) | — | (6) |
| Distributions to noncontrolling interests | (4) | (6) | (4) |
| Repayments of other loans | (2) | (2) | — |
| Other | (2) | — | 2 |
| Net cash provided by (used in) financing activities | 92 | (292) | (279) |
| EFFECT OF EXCHANGE RATE ON CASH | — | — | — |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 3 | (7) | 3 |
| Cash and cash equivalents, at beginning of period | 37 | 44 | 41 |
| Cash and cash equivalents, at end of period | $40 | $37 | $44 |
| Supplemental disclosures of cash flow information: | |||
| Cash paid for interest | $159 | $133 | $134 |
| Cash (refunds) payments for federal, state and foreign income taxes, net | $(14) | $(5) | $5 |
| Additions of property and equipment included in Accounts payable | $21 | $32 | $45 |
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