Sprouts Farmers Market, Inc. (SFM) Financial Statements (2024 and earlier)

Company Profile

Business Address 5455 E. HIGH ST.
PHOENIX, AZ 85054
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 5411 - Grocery Stores (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments29324517085219
Cash and cash equivalents29324517085219
Restricted cash and investments 22211 
Receivables162215164126
Inventory, net of allowances, customer advances and progress billings311265254276264230
Inventory311265254276264230
Prepaid expense 332216989
Derivative instruments and hedges, assets     1 
Other current assets 111110
Other undisclosed current assets1812901715
Total current assets:674568466388334300
Noncurrent Assets
Operating lease, right-of-use asset1,1071,0721,0451,028
Property, plant and equipment722716727742766713
Intangible assets, net (including goodwill)554554554553563564
Goodwill369369369368368368
Intangible assets, net (excluding goodwill)185185185185195196
Other noncurrent assets14141512125
Total noncurrent assets:2,3972,3552,3402,3351,3421,282
TOTAL ASSETS:3,0702,9232,8062,7231,6761,582
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:324361359261183181
Taxes payable  14 3
Employee-related liabilities5977494946
Accounts payable173146139123120119
Accrued liabilities151156143701513
Other undisclosed accounts payable and accrued liabilities    6  
Debt11110711
Asset retirement obligation 11    
Self insurance reserve    232420
Other undisclosed current liabilities1961511362610298
Total current liabilities:522513496417310300
Noncurrent Liabilities
Long-term debt and lease obligation91,1061,0801,090465361
Long-term debt, excluding current maturities     453348
Capital lease obligations1213
Finance lease, liability9101011
Liabilities, other than long-term debt1,243949942204158
Deferred tax liabilities, net5027
Deferred income tax liabilities615858 
Other liabilities36364142153131
Operating lease, liability1,1451,0961,0701,079
Other undisclosed noncurrent liabilities250250250592108112
Total noncurrent liabilities:1,5021,4501,4291,724776631
Total liabilities:2,0241,9631,9252,1411,086931
Equity
Equity, attributable to parent1,046960881582589651
Common stock000000
Additional paid in capital726705687671657621
Accumulated other comprehensive income (loss)  (4)(8)(5)1(1)
Retained earnings (accumulated deficit)320259203(84)(69)31
Total equity:1,046960881582589651
TOTAL LIABILITIES AND EQUITY:3,0702,9232,8062,7231,6761,582

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues6,4046,1006,4695,6355,2074,665
Revenue, net4,665
Cost of revenue
(Cost of Goods and Services Sold)
(4,056)(3,891)(4,089)(3,740)(3,460) 
Other undisclosed gross profit      (3,314)
Gross profit:2,3492,2092,3791,8951,7471,350
Operating expenses(1,979)(1,870)(1,988)(1,670)(1,404)(160)
Other undisclosed operating income (loss)(11)(5)0(7)(120)(964)
Operating income:358334392217223226
Nonoperating income     01
Interest and debt expense     (27)(21)
Income from continuing operations before equity method investments, income taxes:358334392217196206
Other undisclosed loss from continuing operations before income taxes(9)(12)(15)(21)  
Income from continuing operations before income taxes:349322377196196206
Income tax expense(88)(78)(89)(47)(37)(47)
Income from continuing operations:261244287150159158
Income before gain (loss) on sale of properties:244287150159158
Net income available to common stockholders, diluted:261244287150159158

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:261244287150159158
Other comprehensive income (loss)45(4)(6)2(1)
Comprehensive income, net of tax, attributable to parent:265249284144160158

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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