$SFM
Sprouts Farmers Market, Inc.

2014 Q4 Form 10-Q Financial Statement

#000119312514401112 Filed on November 06, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q3
Revenue $734.6M $766.4M $633.6M
YoY Change 20.78% 20.96% 24.23%
Cost Of Revenue $523.3M $540.4M $443.5M
YoY Change 20.58% 21.85% 48.13%
Gross Profit $211.2M $226.0M $190.1M
YoY Change 21.24% 18.91% 29.85%
Gross Profit Margin 28.75% 29.49% 30.0%
Selling, General & Admin $178.1M $24.02M $22.81M
YoY Change 17.87% 5.3% -9.41%
% of Gross Profit 84.33% 10.62% 12.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $19.80M $14.50M $12.30M
YoY Change 60.98% 17.89% 57.69%
% of Gross Profit 9.37% 6.41% 6.47%
Operating Expenses $178.2M $24.02M $22.81M
YoY Change 17.86% 5.3% -9.41%
Operating Profit $33.00M $49.66M $36.68M
YoY Change 43.48% 35.37% 175.9%
Interest Expense -$5.900M -$6.200M -$8.800M
YoY Change -14.49% -29.55% 4.76%
% of Operating Profit -17.88% -12.49% -23.99%
Other Income/Expense, Net $100.0K $281.0K $203.0K
YoY Change 38.42% 52.63%
Pretax Income $27.00M $42.64M $18.59M
YoY Change 82.43% 129.42% 647.97%
Income Tax $9.300M $16.58M $7.126M
% Of Pretax Income 34.44% 38.87% 38.34%
Net Earnings $17.70M $26.07M $11.46M
YoY Change 90.32% 127.42% 776.89%
Net Earnings / Revenue 2.41% 3.4% 1.81%
Basic Earnings Per Share $0.17 $0.08
Diluted Earnings Per Share $113.7K $0.17 $0.08
COMMON SHARES
Basic Shares Outstanding 151.0M shares 150.2M shares 139.7M shares
Diluted Shares Outstanding 154.3M 144.7M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $130.5M $118.4M $91.70M
YoY Change 67.95% 29.12%
Cash & Equivalents $130.5M $118.4M $91.74M
Short-Term Investments
Other Short-Term Assets $368.0K $15.20M $23.80M
YoY Change -10.9% -36.13%
Inventory $142.8M $140.1M $114.8M
Prepaid Expenses $4.769M
Receivables $14.10M $14.10M $8.962M
Other Receivables $3.852M $0.00 $0.00
Total Short-Term Assets $334.1M $287.8M $239.3M
YoY Change 44.25% 20.29%
LONG-TERM ASSETS
Property, Plant & Equipment $454.9M $416.9M $348.2M
YoY Change 30.4% 19.74%
Goodwill $368.1M $368.1M $368.1M
YoY Change 0.0% 0.0%
Intangibles $194.2M $194.5M $195.8M
YoY Change -0.66% -0.66%
Long-Term Investments
YoY Change
Other Assets $17.80M $18.21M $13.12M
YoY Change 35.52% 38.82%
Total Long-Term Assets $1.035B $1.009B $942.5M
YoY Change 10.01% 7.08%
TOTAL ASSETS
Total Short-Term Assets $334.1M $287.8M $239.3M
Total Long-Term Assets $1.035B $1.009B $942.5M
Total Assets $1.369B $1.297B $1.182B
YoY Change 16.77% 9.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $112.9M $122.8M $117.4M
YoY Change 1.55% 4.53%
Accrued Expenses $71.10M $60.30M $47.10M
YoY Change 28.8% 28.03%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $7.746M $6.008M $5.684M
YoY Change 33.05% 5.7%
Total Short-Term Liabilities $220.8M $197.2M $172.9M
YoY Change 25.75% 14.04%
LONG-TERM LIABILITIES
Long-Term Debt $248.6M $251.8M $346.1M
YoY Change -18.6% -27.23%
Other Long-Term Liabilities $74.07M $74.83M $59.52M
YoY Change 20.6% 25.72%
Total Long-Term Liabilities $322.7M $326.7M $405.6M
YoY Change -12.04% -19.46%
TOTAL LIABILITIES
Total Short-Term Liabilities $220.8M $197.2M $172.9M
Total Long-Term Liabilities $322.7M $326.7M $405.6M
Total Liabilities $683.7M $646.5M $696.2M
YoY Change 3.8% -7.13%
SHAREHOLDERS EQUITY
Retained Earnings $142.2M $124.4M $25.22M
YoY Change 312.18% 393.5%
Common Stock $543.2M $150.0K $146.0K
YoY Change 13.34% 2.74%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $685.4M $650.6M $485.6M
YoY Change
Total Liabilities & Shareholders Equity $1.369B $1.297B $1.182B
YoY Change 16.77% 9.75%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income $17.70M $26.07M $11.46M
YoY Change 90.32% 127.42% 776.89%
Depreciation, Depletion And Amortization $19.80M $14.50M $12.30M
YoY Change 60.98% 17.89% 57.69%
Cash From Operating Activities $29.90M $13.40M $41.80M
YoY Change 34.08% -67.94% 69.23%
INVESTING ACTIVITIES
Capital Expenditures -$31.00M -$38.30M -$23.10M
YoY Change 144.09% 65.8% 696.55%
Acquisitions
YoY Change
Other Investing Activities $200.0K $100.0K $0.00
YoY Change -80.0% -100.0%
Cash From Investing Activities -$30.80M -$38.20M -$23.10M
YoY Change 163.25% 65.37% -81.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 12.90M -41.00M 7.400M
YoY Change -152.23% -654.05% -94.46%
NET CHANGE
Cash From Operating Activities 29.90M 13.40M 41.80M
Cash From Investing Activities -30.80M -38.20M -23.10M
Cash From Financing Activities 12.90M -41.00M 7.400M
Net Change In Cash 12.00M -65.80M 26.10M
YoY Change -185.11% -352.11% -23.68%
FREE CASH FLOW
Cash From Operating Activities $29.90M $13.40M $41.80M
Capital Expenditures -$31.00M -$38.30M -$23.10M
Free Cash Flow $60.90M $51.70M $64.90M
YoY Change 74.0% -20.34% 135.14%

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