FLOWERS FOODS INC

FLO ·Consumer Defensive, Packaged Foods, United States
Financial Statements Income Statement
Annual Quarterly

Income Statement

Line Item FY2016 FY2015 FY2013 FY2012 FY2011 FY2010 FY2009
Revenue $3.93B $3.75B $3.73B $3.03B $2.77B $2.60B $2.41B
Cost of Revenue $1.35B $1.39B $1.26B
Gross Profit $1.43B $1.21B $1.15B
Gross Margin 51.4% 46.5% 47.7%
Operating Expenses
Research & Development $3.0M $3.2M $2.6M
SG&A Expense $1.47B $1.37B $1.36B $1.09B $1.02B $926.4M $894.8M
Operating Income $264.9M $275.4M $335.2M $218.5M $189.0M $206.3M $182.7M
Operating Margin 6.7% 7.3% 9.0% 7.2% 6.8% 7.9% 7.6%
Interest Expense $34.9M $28.3M $28.9M $23.4M $10.2M $11.6M $6.1M
Pretax Income $249.5M $268.1M $322.4M $208.8M $192.0M $207.8M $190.1M
Income Tax Expense $85.8M $92.3M $91.5M $72.7M $68.5M $74.0M $67.7M
Net Income $163.8M $175.7M $230.9M $136.1M $123.4M $130.3M $119.2M
Net Margin 4.2% 4.7% 6.2% 4.5% 4.5% 5.0% 4.9%
EPS (Basic) $0.79 $0.84 $1.11 $0.66 $0.61 $0.94 $1.29
EPS (Diluted) $0.78 $0.82 $1.09 $0.66 $0.60 $0.94 $1.28
Shares Outstanding (Basic) 208.5M 209.7M 207.9M 205.0M 203.1M 138.3M 92.4M
Shares Outstanding (Diluted) 210.4M 213.1M 211.9M 207.7M 205.3M 139.1M 93.2M
Dividends Per Share $0.63 $0.49 $0.44 $0.42 $0.39 $0.45 $0.58
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