Sprouts Farmers Market 2014 Annual Report Download - page 91

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Unaudited supplemental pro forma information
The following table presents unaudited supplemental pro forma consolidated results of operations
information for 2012. The unaudited supplemental pro forma consolidated results of operations information
gives effect to certain adjustments, including depreciation and amortization of the assets acquired and
liabilities assumed based on their estimated fair values and changes in interest expense resulting from
changes in consolidated debt, as if the Sunflower Transaction occurred at the beginning of 2011:
Year Ended
December 30,
2012
Net sales ...................................... $1,990,963
Net income ..................................... $ 20,672
The unaudited supplemental pro forma consolidated results of operations information is provided for
illustrative purposes only and does not purport to present what the actual results of operations would have
been had the Sunflower Transaction actually occurred on the dates indicated, nor does it purport to
represent results of operations for any future period. The unaudited supplemental pro forma information
includes certain non-recurring costs incurred as a result of the Sunflower Transaction. The information
does not reflect any cost savings or other benefits that may be obtained through synergies among the
operations of the Company, except to the extent realized in 2012.
5. Accounts Receivable
A summary of accounts receivable is as follows:
As Of
December 28,
2014
December 29,
2013
Vendor ................................... $ 8,246 $5,183
Landlord receivable ......................... 1,993 1,034
Medical insurance receivable ................. — 1,089
Other .................................... 3,852 2,218
Total ..................................... $14,091 $9,524
Medical insurance receivables relate to amounts receivable from the Company’s health insurance
carrier for claims in excess of stop-loss limits. See Note 15, “Self-Insurance Programs” for more
information.
Landlord receivable relates to amounts receivable from landlords for lease incentives.
As of December 28, 2014 and December 29, 2013, the Company had recorded an allowance of $0.3
million and $0.3 million, respectively, for certain receivables.
6. Prepaid Expenses and Other Current Assets
A summary of prepaid expenses and other current assets is as follows:
As Of
December 28,
2014
December 29,
2013
Income tax receivable ....................... $ 6,015 $1,427
Prepaid expenses .......................... 4,769 6,209
Other current assets ........................ 368 413
Total ..................................... $11,152 $8,049
Other current assets consist primarily of current portion of deferred financing costs.
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