$THS
TreeHouse Foods, Inc.

2024 Q3 Form 10-Q Financial Statement

#000132069524000097 Filed on August 05, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $839.1M $788.5M
YoY Change -2.8% -6.53%
Cost Of Revenue $707.9M $660.2M
YoY Change -2.47% -7.12%
Gross Profit $131.2M $128.3M
YoY Change -4.58% -3.39%
Gross Profit Margin 15.64% 16.27%
Selling, General & Admin $82.00M $89.70M
YoY Change -10.87% -4.57%
% of Gross Profit 62.5% 69.91%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $24.40M $24.10M
YoY Change 1.67% 2.99%
% of Gross Profit 18.6% 18.78%
Operating Expenses $99.40M $132.3M
YoY Change -4.33% 28.07%
Operating Profit $31.80M -$4.000M
YoY Change -5.36% -113.56%
Interest Expense -$33.70M -$18.50M
YoY Change -261.24% -196.35%
% of Operating Profit -105.97%
Other Income/Expense, Net -$36.10M -$16.90M
YoY Change 79.6% -1636.36%
Pretax Income -$4.300M -$20.90M
YoY Change -131.85% -168.3%
Income Tax -$900.0K -$4.200M
% Of Pretax Income
Net Earnings -$3.400M -$16.70M
YoY Change -147.89% -171.67%
Net Earnings / Revenue -0.41% -2.12%
Basic Earnings Per Share -$0.07 -$0.32
Diluted Earnings Per Share -$0.07 -$0.32
COMMON SHARES
Basic Shares Outstanding 51.90M shares 52.60M shares
Diluted Shares Outstanding 51.90M shares 52.30M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $102.0M $105.8M
YoY Change 417.77% 526.04%
Cash & Equivalents $102.0M $105.8M
Short-Term Investments
Other Short-Term Assets $55.50M $43.90M
YoY Change 72.9% 105.14%
Inventory $617.3M $592.4M
Prepaid Expenses
Receivables $241.5M $230.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $999.5M $928.3M
YoY Change 19.56% 6.07%
LONG-TERM ASSETS
Property, Plant & Equipment $897.7M $890.8M
YoY Change -2.13% -3.81%
Goodwill $1.823B $1.822B
YoY Change -0.01% -0.13%
Intangibles $224.7M $235.3M
YoY Change -16.19% -15.81%
Long-Term Investments
YoY Change
Other Assets $24.30M $28.30M
YoY Change -50.0% -44.4%
Total Long-Term Assets $2.970B $2.977B
YoY Change -14.72% -15.08%
TOTAL ASSETS
Total Short-Term Assets $999.5M $928.3M
Total Long-Term Assets $2.970B $2.977B
Total Assets $3.969B $3.905B
YoY Change -8.08% -10.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $547.1M $493.8M
YoY Change 0.74% -6.21%
Accrued Expenses $168.2M $151.3M
YoY Change -5.88% -8.25%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $900.0K $600.0K
YoY Change 80.0% 20.0%
Total Short-Term Liabilities $716.2M $645.7M
YoY Change -0.84% -6.68%
LONG-TERM LIABILITIES
Long-Term Debt $1.400B $1.398B
YoY Change -9.72% -12.31%
Other Long-Term Liabilities $58.40M $61.20M
YoY Change -17.05% -19.69%
Total Long-Term Liabilities $58.40M $61.20M
YoY Change -17.05% -19.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $716.2M $645.7M
Total Long-Term Liabilities $58.40M $61.20M
Total Liabilities $2.417B $2.355B
YoY Change -7.85% -10.98%
SHAREHOLDERS EQUITY
Retained Earnings -$280.7M -$277.3M
YoY Change 9.48% 5.24%
Common Stock $2.235B $2.231B
YoY Change 0.74% 0.81%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.553B $1.550B
YoY Change
Total Liabilities & Shareholders Equity $3.969B $3.905B
YoY Change -8.08% -10.85%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$3.400M -$16.70M
YoY Change -147.89% -171.67%
Depreciation, Depletion And Amortization $24.40M $24.10M
YoY Change 1.67% 2.99%
Cash From Operating Activities $41.40M -$19.40M
YoY Change -31.11% 2.65%
INVESTING ACTIVITIES
Capital Expenditures $40.50M $22.80M
YoY Change 80.8% 0.44%
Acquisitions
YoY Change
Other Investing Activities $0.00 $1.200M
YoY Change -100.0% -101.02%
Cash From Investing Activities -$40.50M -$21.60M
YoY Change -205.74% -84.58%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.400M -45.10M
YoY Change -95.34% -128.06%
NET CHANGE
Cash From Operating Activities 41.40M -19.40M
Cash From Investing Activities -40.50M -21.60M
Cash From Financing Activities -4.400M -45.10M
Net Change In Cash -3.500M -86.10M
YoY Change -189.74% -5164.71%
FREE CASH FLOW
Cash From Operating Activities $41.40M -$19.40M
Capital Expenditures $40.50M $22.80M
Free Cash Flow $900.0K -$42.20M
YoY Change -97.61% 1.44%

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<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Reclassification</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior year amounts have been reclassified to conform to the current year presentation. Specifically, Additions to property, plant, and equipment and Additions to intangible assets have been condensed into Capital expenditures within the Cash flows from investing activities section of the Condensed Consolidated Statements of Cash Flows. Additionally, Accrued purchase of property and equipment and Accrued other intangible assets have been condensed into Capital expenditures incurred but not yet paid within the Non-cash investing activities section of the Condensed Consolidated Statements of Cash Flows.</span></div>
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