Sprouts Farmers Market, Inc. (SFM) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments245170 21912
Cash and cash equivalents245170 21912
Restricted cash and investments22 1  
Receivables2215 412625
Inventory, net of allowances, customer advances and progress billings265254 264230204
Inventory265254 264230204
Prepaid expense2216 8919
Derivative instruments and hedges, assets   1  
Other current assets11 100
Other undisclosed current assets129 17152
Total current assets:568466 334300264
Noncurrent Assets
Operating lease, right-of-use asset1,0721,045 
Property, plant and equipment716727 766713605
Intangible assets, net (including goodwill)554554 563564566
Goodwill369369 368368368
Intangible assets, net (excluding goodwill)185185 195196198
Other noncurrent assets1415 1256
Total noncurrent assets:2,3552,340 1,3421,2821,176
TOTAL ASSETS:2,9232,806 1,6761,5821,440
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities361359 183181247
Accounts payable146139 120119158
Accrued liabilities156143 151356
Employee-related liabilities5977 494633
Taxes payable    3 
Debt11 111
Asset retirement obligation1     
Self insurance reserve   2420 
Other undisclosed current liabilities151136 1029812
Total current liabilities:513496 310300259
Noncurrent Liabilities
Long-term debt and lease obligation1,1061,080 465361264
Long-term debt, excluding current maturities   453348255
Finance lease, liability1010 
Capital lease obligations12139
Operating lease, liability1,0961,070 
Liabilities, other than long-term debt9499 204158135
Deferred tax liabilities, net502719
Deferred income tax liabilities5858 
Other liabilities3641 153131116
Other undisclosed noncurrent liabilities250250 108112108
Total noncurrent liabilities:1,4501,429 776631508
Total liabilities:1,9631,925 1,086931767
Stockholders' equity
Stockholders' equity attributable to parent960881 589651673
Common stock00 000
Additional paid in capital705687 657621597
Accumulated other comprehensive income (loss)(4)(8) 1(1) 
Retained earnings (accumulated deficit)259203 (69)3176
Total stockholders' equity:960881 589651673
TOTAL LIABILITIES AND EQUITY:2,9232,806 1,6761,5821,440

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues6,1006,469 5,2074,6654,046
Revenue, net4,6654,046
Cost of revenue
(Cost of Goods and Services Sold)
(3,891)(4,089) (3,460)  
Other undisclosed gross profit    (3,314)(2,864)
Gross profit:2,2092,379 1,7471,3501,182
Operating expenses(1,870)(1,988) (1,404)(160)(140)
Other undisclosed operating income (loss)(5)0 (120)(964)(829)
Operating income:334392 223226213
Nonoperating income   010
Interest and debt expense   (27)(21)(15)
Income from continuing operations before equity method investments, income taxes:334392 196206199
Other undisclosed loss from continuing operations before income taxes(12)(15)    
Income from continuing operations before income taxes:322377 196206199
Income tax expense(78)(89) (37)(47)(74)
Net income available to common stockholders, diluted:244287 159158124

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:244287 159158124
Other comprehensive income (loss)5(4) 2(1) 
Comprehensive income, net of tax, attributable to parent:249284 160158124

Statements sources

The financial statements are based on the company's filings with the 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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