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WHITEWAVE FOODS Co

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2016 10-K, filed Feb 24, 2017. Its latest SEC filing is a 15-12B from Apr 24, 2017.

The sections below describe the company as of the FY2016 annual report.

What Did They Do?

Sells plant-based foods and beverages, dairy and coffee products, and organic produce to retailers and foodservice businesses.

How Did They Make Money?

WhiteWave sells packaged products to retailers and foodservice customers; a sale is counted when products are delivered, and U.S. customers generally have 10 to 30 days from the invoice date to pay.

FY2016 revenue

Who Were Their Customers?

WhiteWave sells to grocery, mass-merchandise and convenience retailers, as well as restaurants and foodservice outlets, mainly through its direct sales force, brokers and distributors.

Customers above 10% of revenue, FY2016
of revenue from one customer
FY2014: 15% from one customer

Did Revenues Turn Into Profits?

Yes. It kept 5 cents of every revenue dollar as net income in FY2016 and turned 1 cent into free cash flow.

Operating income, FY2016
10% of revenue
▲ +21% vs FY2015 ($332.2M, 9%)
Net income, FY2016
5% of revenue
▲ +27% vs FY2015 ($168.4M, 4%)
Free cash flow, FY2016
1% of revenue
▼ −55% vs FY2015 ($56.8M, 1%)

How Were They Changing?

Since the FY2016 annual report
  • Apr 12, 2017 Danone completed its acquisition of WhiteWave Shares were converted into the right to receive $56.25 in cash; WhiteWave requested removal from NYSE listing.
  • Apr 6, 2017 Court order allowed the Danone merger to close WhiteWave expected the transaction to occur within five business days of the order.
  • Apr 3, 2017 WhiteWave reported an antitrust agreement in principle The announcement said the acquisition was expected to close shortly.

Grew. Revenue grew 83% in 4 years, from $2.3B in FY2012 to $4.2B in FY2016, about 16% a year.

China joint venture The earlier report described plans to enter China through a joint venture; the latest says WhiteWave sells products there through a joint venture.

Acquired brands The latest portfolio includes So Delicious, Vega and Wallaby; the company says it acquired those brands after the earlier report described its portfolio.

Who Did They Compete With?

Competes with General Mills, The Kraft Heinz, Nestle, The Hain Celestial Group, Blue Diamond, HP Hood, Califia Farms, Organic Valley, Taylor Farms, Organicgirl, and Olivia's Organics

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