Sprouts Farmers Market 2013 Annual Report Download - page 49

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Table of Contents
Supplemental Pro Forma Data—Net Sales
44
As of
December 29,
2013
December 30,
2012(2)
January 1,
2012(1)
January 2,
2011(1)
January 3,
2010(1)
Balance Sheet Data
Cash and cash equivalents
$
77,652
$
67,211
$
14,542
$
4,918
$
6,232
Total assets
1,172,404
1,103,236
761,646
232,636
220,818
Total capital and finance lease obligations, including
current portion
119,572
107,639
75,409
8,248
7,967
Total long-term debt, including current portion
311,240
426,544
294,764
—
—
Total stockholders’ equity
513,771
386,755
267,453
156,660
157,932
(1) Fiscal 2009, fiscal 2010 and the period from January 3, 2011 through April 18, 2011 reflect the sales and expenses directly
attributable to Henry’s operations and include allocations of expenses from Henry’s previous parent company. These
expenses were allocated to Henry’s on the basis that was considered to reflect fairly or reasonably the utilization of the
services provided to, or the benefit obtained by, Henry’s. Historical financial statements for Henry’s prior to April 18, 2011 do
not reflect the interest expense or debt Henry’s might have incurred if it had been a stand-alone entity. Additionally, we would
have expected to incur other expenses not reflected in our historical financial statements prior to April 18, 2011, if Henry’s had
operated as a stand-alone entity. Commencing on April 18, 2011, our consolidated financial statements also include the
financial position, results of operations and cash flows of the business we operated prior to the acquisition of Henry’s (such
prior business referred to as “Sprouts Arizona”).
(2) For the period from April 18, 2011 to May 28, 2012 our consolidated financial statements include the financial position, results
of operations and cash flows of Henry’s and Sprouts Arizona. Commencing on May 29, 2012, our consolidated financial
statements also include the financial position, results of operations and cash flows of Sunflower. Fiscal 2012 included $19.5
million of expenses related to the acquisition and integration of Sunflower and Henry’s.
(3) Fiscal 2013 selling, general and administrative expense included $3.2 million for IPO related bonuses and $2.0 million for
expenses related to the November 2013 Offering.
(4) Pro forma comparable store sales growth reflects comparable store sales growth calculated including stores acquired in the
Transactions for all reported periods. Our practice is to include sales from a store in comparable store sales beginning on the
first day of the 61st week following the store’s opening and to exclude sales from a closed store from comparable store sales
on the day of closure. We include sales from an acquired store in comparable store sales on the later of (i) the day of
acquisition or (ii) the first day of the 61st week following the store’s opening. We use pro forma comparable store sales to
calculate pro forma comparable store sales growth.
Fiscal
2013
Fiscal
2012
Fiscal
2011
Fiscal
2010
Fiscal
2009
(dollars in thousands)
Net sales—
actual
$
2,437,911
$
1,794,823
$
1,105,879
$
516,816
$
487,693
Pro forma
adjustments
(a)
—
196,140
616,776
973,543
751,677
Pro forma
net sales
$
2,437,911
$
1,990,963
$
1,722,655
$
1,490,359
$
1,239,370
Pro forma
comparable
store
sales
growth(b)
10.7
%
9.7
%
5.1
%
2.3
%
2.6
%
(a) Pro forma adjustments reflect the net sales of Sprouts Arizona and Sunflower for all periods reported.
(b) Pro forma comparable store sales growth is calculated including all stores acquired in the Transactions for all periods
reported.