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Winn-Dixie Stores, Inc.
Business Summary
Winn-Dixie is a supermarket chain located in southeastern United States. Winn-Dixie operates supermarkets in Florida, Georgia, Alabama, Mississippi, and Louisiana. The company's over 450 store locations offer a variety of goods, including grocery, dairy, frozen food, meat, seafood, deli, bakery, floral, health and beauty items. Many stores also contain an in-house pharmacy, liquor and fuel products. Winn-Dixie also offers their own brand of products thats broen down in a three-tiered system. Premium goods are labeled under the Winn & Lovett brand, general goods are marketed under the Winn-Dixie brand, while discount goods are beginning to pop up with the Valu Time logo as former Thrifty Maid is phased out. Winn-Dixie was founded in 1925 by William Milton Davis and his sons Artemus Darius Davis, James Elsworth Davis, Milton Austin Davis and Tine Wayne Davis, and is headquartered in Jacksonville, Florida. After filing for bankruptcy in 2005, the company restructured and reissued shares in 2006 (Please see PrivCo's Bankruptcy & Restructuring Table for more details). In December 2011, the company announced that is being acquired by BI-LO Holdings (For more information please see PrivCo's M&A table).
Recent News, Updates, and Analysis
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Privately-Held BI-LO Swallows Public Co. Rival WINN-DIXIE, A Rare Form of Take-Private
Dec. 2011 In a deal announced Dec. 19, 2011, privately-held supermarket giant BI-LO Holdings signed a definitive merger agreement to acquire publicly traded rival Winn-Dixie Stores for $560 million, creating one of the largest supermarket operators in the US. The combined entity, which will retain the Winn-Dixie name, will have a total of 690 stores and 63,000 employees across eight states in southeastern US. It’s relatively uncommon for a publicly company to get acquired by a privately-held one. Typically, a take-private transaction is the result of a private equity led Leveraged Buyout, or a Management Buyout, making the WINN DIXIE acquisition by its privately-held rival BI-LO a true rarity in private company M&A. PrivCo, the Private Company Financial Data Authority, has broken down the deal and found the key drivers for the take-private, namely: … Read More »
Overview & Corporate Organization
Basic Information
| Company Tags: | PE Backed VC Backed |
| Year Founded: | 1925 |
| Fiscal Year End: | 12/31 |
| 1YR Revenue Growth Rate: | View % |
| 3YR Revenue Growth Rate (CAGR): | View % |
| 1YR Employee Growth Rate: | View % |
| City: | Jacksonville |
| State/Province: | Florida |
| Country: | United States |
| Phone: | View |
| Fax: | View |
| Websites: | www.winn-dixie.com www.winndixie.com |
Corporate Organization
| Parent Companies: | |
| Brands: | Chek Thrifty Maid Valu Time Winn & Lovett Winn-Dixie |
| Founders: | William Milton Davis |
Industry Information
PrivCo Industries (Sector > Industry > Sub-Industry)
| Retail > Food & Beverage Stores > Grocery Stores |
The PrivCo Industry Classification System™ (PICS) is our proprietary, modernized industry classification system, geared especially toward privately-held companies and including newer emerging sub-industries that are not reflected in other outdated industry classification systems, such as SIC and NAICS.
Charts, Financials, and Statistics (Table Format)
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| Income Statement | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 |
| Net Sales Revenue | View | View | View | View | View | View | $6,945,021,000 | $7,361,951,000 | $11,026,428,000 | $11,171,690,000 | $12,238,874,000 | $13,004,194,000 | $14,136,503,000 | $13,617,485,000 |
| Cost of Goods Sold | View | View | View | View | View | View | $5,131,819,000 | $5,361,351,000 | $8,086,937,000 | $8,942,043,000 | $9,450,463,000 | |||
| Cost of Goods and Services Sold | $7,893,182,000 | $10,233,155,000 | $9,993,568,000 | |||||||||||
| Gross Profit | View | View | View | View | View | View | $1,813,202,000 | $2,000,600,000 | $3,133,246,000 | $3,084,753,000 | $3,296,831,000 | $3,553,731,000 | $3,903,348,000 | $3,623,917,000 |
| Restructuring Charges | View | View | $34,239,000 | $8,912,000 | $0 | $0 | $147,245,000 | $396,029,000 | $0 | $18,080,000 | ||||
| Asset Impairment Charges | View | View | View | View | View | View | $155,888,000 | $13,390,000 | $0 | $21,566,000 | ||||
| Operating Expense - Other | View | View | $1,928,517,000 | $1,981,091,000 | $2,830,101,000 | $2,715,403,000 | $2,971,917,000 | $3,387,798,000 | ||||||
| Expense | View | View | View | View | $3,577,220,000 | $3,374,905,000 | ||||||||
| Operating Income/(Loss) | View | View | View | View | View | View | ($305,442,000) | ($2,793,000) | $303,145,000 | $347,784,000 | $177,669,000 | ($230,096,000) | $326,128,000 | $230,932,000 |
| Other Interest Expense | $52,845,000 | $47,088,000 | $29,648,000 | $28,535,000 | ||||||||||
| Interest Expense | $14,343,000 | $40,442,000 | $61,595,000 | $52,845,000 | $47,088,000 | $29,648,000 | $28,535,000 | |||||||
| Net Other Interest Income/(Expense) | ($33,090,000) | |||||||||||||
| Net Interest Income/(Expense) | View | View | View | View | View | View | ||||||||
| Gain/(Loss) Related to Litigation Settlement | View | |||||||||||||
| Other Non-operating Gains/(Losses) | View | View | View | |||||||||||
| Non-operating Income - Other | $52,740,000 | $0 | $0 | |||||||||||
| Non-operating Income/(Expense) - Other | $115,395,000 | |||||||||||||
| Income/(Loss) from Continuing Operations Before Income Taxes | View | View | View | View | View | View | $286,189,000 | $124,824,000 | ($277,184,000) | $296,480,000 | $317,792,000 | |||
| Income Loss Continuing Operations Before Income Taxes Extraordinary Items | ($338,532,000) | ($17,136,000) | $315,443,000 | |||||||||||
| Provision for Income Taxes | View | View | View | View | View | View | $190,459,000 | ($9,615,000) | $79,325,000 | $110,097,000 | $48,036,000 | ($63,804,000) | $114,145,000 | $119,172,000 |
| Total Income Before Extraordinary Items | ($213,380,000) | |||||||||||||
| Extraordinary Charges - Other | $0 | |||||||||||||
| Extraordinary Items, Net of Tax Effect | View | View | $148,293,000 | $0 | $0 | |||||||||
| Cumulative Effect of a Change in Accounting Principle, Net of Tax Effect | View | View | $0 | $0 | ||||||||||
| Income/(Loss) from Continuing Operations | View | View | View | View | View | ($380,698,000) | ($7,521,000) | $236,118,000 | $176,092,000 | $76,788,000 | ||||
| Income/(Loss) from Discontinued Operations | View | View | View | View | View | ($322,448,000) | ($131,443,000) | $5,136,000 | ($28,210,000) | ($51,182,000) | ($25,227,000) | |||
| Tax Effect of Income/(Loss) from Discontinued Operations | View | View | View | ($55,402,000) | $2,024,000 | ($65,378,000) | ($19,705,000) | ($9,712,000) | ||||||
| Income/(Loss) from Discontinued Operations, Net of Tax Effect | View | View | ($451,904,000) | ($92,883,000) | $3,112,000 | ($89,226,000) | ($31,477,000) | ($15,515,000) | ||||||
| Provision for Disposal of Discontinued Operations | $0 | |||||||||||||
| Income/(Loss) from Disposition of Discontinued Operations | View | View | View | View | View | ($129,456,000) | ($16,842,000) | ($126,394,000) | $0 | $0 | ||||
| Total Income/(Loss) from Discontinued Operations, Net of Tax Effect | View | View | View | |||||||||||
| Net Income (Loss) | View | View | View | View | View | View | ($832,602,000) | ($100,404,000) | $239,230,000 | $86,866,000 | $45,311,000 | ($228,895,000) | $182,335,000 | $198,620,000 |
| Balance Sheet | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 |
| Cash and Cash Equivalents | View | View | View | View | View | View | $62,141,000 | $56,818,000 | $127,515,000 | $227,846,000 | $121,061,000 | $29,576,000 | $24,746,000 |
| Current Marketable Securities | View | View | $19,656,000 | $19,275,000 | $19,188,000 | $18,606,000 | $0 | ||||||
| Net Accounts Receivable Trade | View | View | View | View | View | View | $206,297,000 | $109,051,000 | $115,485,000 | $116,154,000 | $109,159,000 | $107,425,000 | $188,314,000 |
| Net Income Taxes Receivable | View | View | View | $30,084,000 | $49,148,000 | $0 | |||||||
| Current Insurance Dispute Settlement Receivables | View | $8,656,000 | |||||||||||
| Net Other Receivables | View | View | $0 | ||||||||||
| Inventories - Finished Goods | View | ||||||||||||
| Net Inventories | View | View | View | View | View | $798,414,000 | $940,529,000 | $1,046,913,000 | $1,063,288,000 | $1,198,602,000 | $1,141,405,000 | $1,425,098,000 | |
| Current Deferred Income Taxes | $100,129,000 | $128,904,000 | $158,478,000 | $135,736,000 | $134,777,000 | $112,869,000 | |||||||
| Prepaid Expenses | View | View | View | View | View | View | $82,713,000 | $24,814,000 | $31,272,000 | $53,934,000 | $34,643,000 | $58,739,000 | $46,963,000 |
| Current Assets Held-for-Sale | View | $0 | $51,034,000 | $4,177,000 | |||||||||
| Current Assets | View | View | View | View | View | View | $1,207,961,000 | $1,350,798,000 | $1,473,454,000 | $1,638,306,000 | $1,599,201,000 | $1,471,922,000 | $1,797,990,000 |
| Net Property, Plant and Equipment | View | View | View | View | View | View | $663,087,000 | $886,055,000 | $978,601,000 | $966,752,000 | $1,146,654,000 | $1,016,292,000 | $1,222,633,000 |
| Goodwill | $87,112,000 | $87,808,000 | $87,808,000 | $87,808,000 | |||||||||
| Net Intangible Assets | View | View | View | View | View | View | $18,606,000 | $54,449,000 | |||||
| Cash Surrender Value of Life Insurance | $16,779,000 | $16,197,000 | $16,876,000 | $14,035,000 | $24,072,000 | ||||||||
| Noncurrent Deferred Tax Assets | View | View | View | View | View | $139,089,000 | $106,315,000 | $113,291,000 | $106,145,000 | $166,449,000 | $0 | ||
| Noncurrent Other Assets | View | View | View | View | View | View | $116,258,000 | $155,837,000 | $127,474,000 | $95,555,000 | $84,986,000 | $59,789,000 | $50,003,000 |
| Assets | View | View | View | View | View | View | $1,987,306,000 | $2,618,891,000 | $2,790,431,000 | $2,917,909,000 | $3,041,670,000 | $2,747,093,000 | $3,149,147,000 |
| Accounts Payable | View | View | View | View | View | View | $104,169,000 | $511,443,000 | $546,234,000 | $509,704,000 | $599,850,000 | $575,877,000 | $662,172,000 |
| Accrued Rent Current | View | View | $26,837,000 | $109,727,000 | $127,654,000 | $144,597,000 | $131,837,000 | $88,247,000 | $65,411,000 | ||||
| Accrued Expenses - Other | View | ||||||||||||
| Accrued Salaries | View | View | View | View | $93,385,000 | $108,826,000 | |||||||
| Self Insurance | View | View | View | View | $97,952,000 | $97,109,000 | $97,230,000 | $100,850,000 | $101,874,000 | $75,461,000 | |||
| Other Employee Related Liabilities | $107,538,000 | $111,556,000 | $109,183,000 | $114,883,000 | |||||||||
| Employee Related Liabilities | View | View | $83,759,000 | ||||||||||
| Other Accrued Expenses | View | View | View | View | View | View | $99,938,000 | $123,470,000 | $104,705,000 | $174,805,000 | $176,332,000 | $164,502,000 | $122,641,000 |
| Current Deferred Income Tax Liabilities | View | View | View | View | View | ||||||||
| Income Taxes Payable | $31,775,000 | $64,582,000 | $24,294,000 | $85,606,000 | $10,739,000 | ||||||||
| Current Line of Credit | View | $0 | |||||||||||
| Short-Term Borrowings - Other | $235,000,000 | $465,000,000 | |||||||||||
| Current Portion of Long-Term Debt | View | $194,000 | $273,000 | $276,000 | $2,739,000 | $4,291,000 | $0 | ||||||
| Current Capital Lease Obligations | View | View | View | View | View | View | $4,849,000 | $2,616,000 | $3,439,000 | $3,471,000 | $3,270,000 | $2,843,000 | $2,751,000 |
| Current Portion of Restructuring Reserve | $52,721,000 | $0 | |||||||||||
| Current Liabilities Held for Sale | View | $0 | |||||||||||
| Current Other Liabilities | View | View | $78,704,000 | ||||||||||
| Current Liabilities | View | View | View | View | View | View | $398,450,000 | $938,866,000 | $1,018,730,000 | $1,108,684,000 | $1,149,907,000 | $1,421,553,000 | $1,513,001,000 |
| Line of Credit - Long-Term | View | View | View | $245,003,000 | $0 | ||||||||
| Other Debt - Long-Term | $300,605,000 | ||||||||||||
| Other Long Term Debt | View | $396,000 | |||||||||||
| Long-Term Debt | $310,767,000 | $540,612,000 | $697,414,000 | $0 | |||||||||
| Capital Lease Obligations - Long-Term | View | View | View | View | View | View | $10,637,000 | $173,780,000 | $170,771,000 | $205,572,000 | $182,827,000 | $32,239,000 | $38,493,000 |
| Other Benefit Obligations Noncurrent | $211,931,000 | $194,664,000 | $196,991,000 | $186,492,000 | $92,256,000 | ||||||||
| Deferred Employee Stock Option Plan (ESOP) Benefits | $68,827,000 | $41,234,000 | |||||||||||
| Restructuring Reserve | $143,188,000 | $0 | |||||||||||
| Commitments and Contingencies | View | $1,111,276,000 | |||||||||||
| Accrued Insurance Noncurrent | $182,514,000 | ||||||||||||
| Noncurrent Other Liabilities | View | View | View | View | View | View | $162,250,000 | $36,954,000 | $49,728,000 | $55,993,000 | $42,877,000 | $95,786,000 | $53,084,000 |
| Liabilities | View | View | View | View | View | View | $1,928,012,000 | $1,701,546,000 | $1,761,927,000 | $2,105,525,000 | $2,270,016,000 | $1,879,258,000 | |
| Common Stock - Value (Excluding Additional Paid in Capital) | View | View | View | View | View | View | $141,889,000 | $142,028,000 | $140,818,000 | $140,592,000 | $140,466,000 | $140,830,000 | $148,577,000 |
| Additional Paid in Capital | View | View | View | View | View | View | $32,452,000 | $22,931,000 | |||||
| Retained Earnings | View | View | View | View | View | View | ($76,714,000) | $755,888,000 | $894,137,000 | $676,322,000 | $634,694,000 | $727,005,000 | $1,259,597,000 |
| Other Accumulated Comprehensive Income, Net of Tax Effect | View | View | View | View | View | View | ($38,333,000) | ($3,502,000) | ($6,451,000) | ($4,530,000) | ($1,587,000) | $0 | $3,069,000 |
| Equity - Other | ($1,919,000) | $0 | ($164,000) | ||||||||||
| Stockholders' Equity | View | View | View | View | View | View | $59,294,000 | $917,345,000 | $1,028,504,000 | $812,384,000 | $771,654,000 | $867,835,000 | $1,411,079,000 |
| Liabilities and Stockholders' Equity | View | View | View | View | View | View | $1,987,306,000 | $2,618,891,000 | $2,790,431,000 | $2,917,909,000 | $3,041,670,000 | $2,747,093,000 | $3,149,147,000 |
| Cash Flow Statement | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 |
| Operating Activities Beginning Net Income | View | View | View | View | View | View | ($832,602,000) | ($100,404,000) | $239,230,000 | $86,866,000 | $45,311,000 | ($228,895,000) | $182,335,000 | $198,620,000 |
| Depreciation and Amortization | View | View | View | View | View | View | $150,459,000 | $168,534,000 | $166,385,000 | $175,520,000 | $183,559,000 | $256,671,000 | $292,414,000 | $330,408,000 |
| Restructuring Charges | View | View | ($148,293,000) | |||||||||||
| Other Increase/(Decrease) in Provision for Restructuring | $0 | |||||||||||||
| Asset Impairment Charges | View | View | $272,354,000 | $63,200,000 | $0 | $36,959,000 | $0 | $0 | ||||||
| Gain/(Loss) on Sale/Retirement of Property, Plant and Equipment | ($2,249,000) | |||||||||||||
| Adjustment for Equity Based Compensation Expense | View | View | View | View | View | View | $9,383,000 | $7,386,000 | $4,476,000 | $8,007,000 | ($1,144,000) | $2,459,000 | ($1,398,000) | |
| Other Adjustment Employee Compensation | $79,415,000 | $6,556,000 | $13,941,000 | |||||||||||
| Total Adjustment Employee Compensation | $19,767,000 | |||||||||||||
| Adjustment Property Plant Equipment | ($7,517,000) | $0 | $0 | |||||||||||
| Adjustment Realized Gains Losses On Sale Asset | View | View | ($28,276,000) | $0 | ||||||||||
| Deferred Income Taxes | View | View | View | View | View | View | $241,747,000 | ($5,979,000) | $37,265,000 | ($28,141,000) | $60,336,000 | ($189,046,000) | $17,684,000 | ($17,040,000) |
| Adjustment Extraordinary Items | $0 | $0 | ||||||||||||
| Other Adjustments to Common Stockholders' Net Income - Increase/(Decrease) | View | View | View | View | $0 | |||||||||
| Noncash Expenses - Other | $0 | $0 | ||||||||||||
| Increase/(Decrease) in Receivables | ($29,513,000) | |||||||||||||
| Change Accounts Receivable | View | View | View | View | View | View | $105,901,000 | ($6,434,000) | ($669,000) | $6,995,000 | $1,734,000 | ($80,888,000) | $42,148,000 | |
| Increase/(Decrease) in Inventories | View | View | View | View | View | View | ($121,574,000) | ($106,384,000) | ($16,375,000) | ($115,452,000) | $39,962,000 | ($283,693,000) | $20,181,000 | $155,702,000 |
| Change Prepaid Expenses Other Current Assets | View | View | View | View | View | View | $36,316,000 | ($12,803,000) | ($26,766,000) | ($8,596,000) | ($3,813,000) | |||
| Change Prepaid Expenses Other Assets | ($12,277,000) | ($25,416,000) | $11,776,000 | |||||||||||
| Increase/(Decrease) in Other Non-operating Assets | View | View | $0 | |||||||||||
| Increase/(Decrease) in Accounts Payable | View | View | ($25,698,000) | ($34,791,000) | $21,569,000 | ($81,868,000) | $23,009,000 | ($87,959,000) | ($1,191,000) | $56,191,000 | ||||
| Change Other Accrued Expenses | ($13,958,000) | ($101,745,000) | $35,579,000 | ($7,217,000) | $486,565,000 | ($8,783,000) | $26,952,000 | |||||||
| Increase/(Decrease) in Accrued Expenses | View | View | $5,843,000 | |||||||||||
| Increase/(Decrease) in Accounts Payable and Accrued Expenses | View | View | View | View | ||||||||||
| Increase/(Decrease) in Income Taxes Payable | ($61,312,000) | $74,867,000 | ($1,380,000) | ($20,804,000) | ||||||||||
| Increase/(Decrease) in Employee Related Liabilities | $1,594,000 | ($5,947,000) | $9,475,000 | |||||||||||
| Increase/(Decrease) in Other Current Liabilities | $38,659,000 | |||||||||||||
| Change Income Taxes Receivable and Payables Net | View | View | $19,727,000 | ($80,923,000) | ($54,649,000) | $40,288,000 | ||||||||
| Increase/(Decrease) in Other Non-operating Liabilities | View | View | View | View | View | View | $142,882,000 | $11,540,000 | $2,801,000 | |||||
| Net Other Increase/(Decrease) in Working Capital | View | View | $15,019,000 | $0 | $0 | $0 | $0 | |||||||
| Net Cash Flows Provided By/(Used In) Operating Activities | View | View | View | View | View | View | ($228,136,000) | $182,728,000 | $374,433,000 | $376,949,000 | $244,888,000 | $743,279,000 | $436,361,000 | $464,494,000 |
| Purchase of Property, Plant and Equipment | View | View | View | View | View | View | $111,485,000 | $203,648,000 | $176,704,000 | $84,884,000 | $313,319,000 | $212,990,000 | $334,283,000 | $369,636,000 |
| Purchase of Marketable Securities | View | View | View | $19,209,000 | $13,931,000 | $0 | $18,333,000 | $0 | ||||||
| Other Purchase of Investments | $28,386,000 | |||||||||||||
| Purchase of Investments | $6,519,000 | |||||||||||||
| Proceeds Sale Marketable Securities | View | View | View | $17,052,000 | $12,742,000 | |||||||||
| Disposal of Investments | $43,785,000 | |||||||||||||
| Other Purchases and Payments for Investments | View | View | $30,333,000 | |||||||||||
| Acquisition of Businesses, Net of Cash Acquired | $123,753,000 | $0 | $0 | |||||||||||
| Purchases and Payments for Other Investments | $8,341,000 | ($42,481,000) | $16,872,000 | ($858,000) | ||||||||||
| Increase Decrease Marketable Securities | $0 | |||||||||||||
| Proceeds from Life Insurance Policies | View | View | View | View | ||||||||||
| Proceeds from Sale of Other Assets | View | View | View | View | View | View | $107,245,000 | $7,300,000 | $10,361,000 | |||||
| Total Increase/(Decrease) in Other Non-operating Assets, Net | View | View | View | |||||||||||
| Proceeds from Sale of Property, Plant and Equipment | $66,815,000 | $0 | $0 | |||||||||||
| Net Other Investing Activities | View | View | ($1,424,000) | ($471,000) | ||||||||||
| Net Cash Flows Provided By/(Used In) Investing Activities | View | View | View | View | View | View | $3,368,000 | ($227,399,000) | ($208,824,000) | ($64,788,000) | ($443,591,000) | ($196,118,000) | ($335,141,000) | ($325,851,000) |
| Net Increase/(Decrease) in Bank Overdrafts | View | View | View | View | View | View | $0 | |||||||
| Proceeds from Lines of Credit | View | View | View | View | $1,967,211,000 | $277,000,000 | $0 | |||||||
| Repayments on Lines of Credit | View | View | View | View | $1,722,208,000 | $277,000,000 | $0 | |||||||
| Repayments of Short-Term Borrowings | $235,000,000 | $230,000,000 | ||||||||||||
| Increase/(Decrease) in Short-Term Borrowings | $45,000,000 | $40,000,000 | ||||||||||||
| Proceeds Debt | View | View | ||||||||||||
| Net Proceeds from Issuance of Long-Term Debt and Capital Securities | $700,000,000 | $0 | $0 | |||||||||||
| Reduction of Capital Lease Obligations | View | View | View | View | $3,160,000 | $3,475,000 | $3,129,000 | $2,857,000 | $2,612,000 | $2,583,000 | $2,653,000 | |||
| Repayments Debt | View | View | ||||||||||||
| Other Repayments of Long Term Debt | View | View | ||||||||||||
| Repayments of Long-Term Debt and Capital Securities | $2,609,000 | $276,000 | $246,279,000 | $154,271,000 | $257,000 | $0 | $0 | |||||||
| Debt Issuance Costs | View | View | View | View | View | $13,121,000 | $7,867,000 | $0 | $681,000 | $24,210,000 | $0 | $0 | ||
| Net Change Derivatives | $5,750,000 | $10,745,000 | $0 | |||||||||||
| Proceeds from Stock Options Exercised | View | View | ||||||||||||
| Net Proceeds from Stock Plans | $1,919,000 | $11,833,000 | $164,000 | $2,923,000 | $8,747,000 | |||||||||
| Purchase Common Stock | $229,000 | $17,003,000 | $162,272,000 | $1,337,000 | $21,055,000 | |||||||||
| Payment of Dividends | $21,218,000 | $28,151,000 | $49,899,000 | $142,853,000 | $148,966,000 | $151,231,000 | $150,923,000 | |||||||
| Cash Provided by/(Used in) Financing Activities - Other | View | View | View | View | View | View | $818,000 | $745,000 | $1,220,000 | $914,000 | $535,000 | $1,355,000 | $7,188,000 | ($3,309,000) |
| Net Cash Flows Provided By/(Used In) Financing Activities | View | View | View | View | View | View | $230,091,000 | ($26,026,000) | ($265,940,000) | ($205,376,000) | $290,188,000 | ($542,331,000) | ($100,040,000) | ($129,193,000) |
| Increase/(Decrease) in Cash and Cash Equivalents | View | View | View | View | View | View | $5,323,000 | ($70,697,000) | ($100,331,000) | $106,785,000 | $91,485,000 | $4,830,000 | $1,180,000 | $9,450,000 |
| Cash and cash equivalents at the beginning of the year | View | View | View | View | View | View | $56,818,000 | $127,515,000 | $227,846,000 | $121,061,000 | $29,576,000 | $24,746,000 | $23,566,000 | $14,116,000 |
| Cash and cash equivalents adjustment to beginning period | $0 | $0 | ||||||||||||
| Total Cash and cash equivalents at the end of the year | View | View | View | View | View | View | $62,141,000 | $56,818,000 | $127,515,000 | $227,846,000 | $121,061,000 | $29,576,000 | $24,746,000 | $23,566,000 |
| Income Taxes Paid | $71,010,000 | ($7,467,000) | ($76,881,000) | $35,689,000 | $29,307,000 | $40,663,000 | $94,858,000 | $152,652,000 | ||||||
| Cash Interest Expense | $22,477,000 | $28,134,000 | $66,098,000 | $58,073,000 | $37,064,000 | $23,058,000 | $21,958,000 | $21,765,000 | ||||||
| Supplemental Other Net | $693,000 | $2,008,000 | $1,485,000 | $2,327,000 | $808,000 | $1,072,000 |
| Financial Notes: | |
| * | Winn-Dixie Stores, Inc. fiscal year end: 12/31 |
Charts, Financials, and Statistics (Graphs)
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Winn-Dixie Stores, Inc. Net Sales Revenue ($ MM): |
Winn-Dixie Stores, Inc. Cost of Goods Sold ($ MM): |
Winn-Dixie Stores, Inc. Gross Profit ($ MM): |
Winn-Dixie Stores, Inc. Restructuring Charges ($ MM): |
Winn-Dixie Stores, Inc. Asset Impairment Charges ($ MM): |
Winn-Dixie Stores, Inc. Operating Expense - Other ($ MM): |
Winn-Dixie Stores, Inc. Expense ($ MM): |
Winn-Dixie Stores, Inc. Operating Income/(Loss) ($ MM): |
Winn-Dixie Stores, Inc. Net Interest Income/(Expense) ($ MM): |
Winn-Dixie Stores, Inc. Other Non-operating Gains/(Losses) ($ MM): |
Winn-Dixie Stores, Inc. Income/(Loss) from Continuing Operations Before Income Taxes ($ MM): |
Winn-Dixie Stores, Inc. Provision for Income Taxes ($ MM): |
Winn-Dixie Stores, Inc. Extraordinary Items, Net of Tax Effect ($ MM): |
Winn-Dixie Stores, Inc. Cumulative Effect of a Change in Accounting Principle, Net of Tax Effect ($ MM): |
Winn-Dixie Stores, Inc. Income/(Loss) from Continuing Operations ($ MM): |
Winn-Dixie Stores, Inc. Income/(Loss) from Discontinued Operations ($ MM): |
Winn-Dixie Stores, Inc. Tax Effect of Income/(Loss) from Discontinued Operations ($ MM): |
Winn-Dixie Stores, Inc. Income/(Loss) from Discontinued Operations, Net of Tax Effect ($ MM): |
Winn-Dixie Stores, Inc. Income/(Loss) from Disposition of Discontinued Operations ($ MM): |
Winn-Dixie Stores, Inc. Total Income/(Loss) from Discontinued Operations, Net of Tax Effect ($ MM): |
Winn-Dixie Stores, Inc. Net Income (Loss) ($ MM): |
Winn-Dixie Stores, Inc. Cash and Cash Equivalents ($ MM): |
Winn-Dixie Stores, Inc. Current Marketable Securities ($ MM): |
Winn-Dixie Stores, Inc. Net Accounts Receivable Trade ($ MM): |
Winn-Dixie Stores, Inc. Net Income Taxes Receivable ($ MM): |
Winn-Dixie Stores, Inc. Current Insurance Dispute Settlement Receivables ($ MM): |
Winn-Dixie Stores, Inc. Net Other Receivables ($ MM): |
Winn-Dixie Stores, Inc. Net Inventories ($ MM): |
Winn-Dixie Stores, Inc. Prepaid Expenses ($ MM): |
Winn-Dixie Stores, Inc. Current Assets Held-for-Sale ($ MM): |
Winn-Dixie Stores, Inc. Current Assets ($ MM): |
Winn-Dixie Stores, Inc. Net Property, Plant and Equipment ($ MM): |
Winn-Dixie Stores, Inc. Net Intangible Assets ($ MM): |
Winn-Dixie Stores, Inc. Noncurrent Deferred Tax Assets ($ MM): |
Winn-Dixie Stores, Inc. Noncurrent Other Assets ($ MM): |
Winn-Dixie Stores, Inc. Assets ($ MM): |
Winn-Dixie Stores, Inc. Accounts Payable ($ MM): |
Winn-Dixie Stores, Inc. Accrued Rent Current ($ MM): |
Winn-Dixie Stores, Inc. Accrued Salaries ($ MM): |
Winn-Dixie Stores, Inc. Self Insurance ($ MM): |
Winn-Dixie Stores, Inc. Employee Related Liabilities ($ MM): |
Winn-Dixie Stores, Inc. Other Accrued Expenses ($ MM): |
Winn-Dixie Stores, Inc. Current Deferred Income Tax Liabilities ($ MM): |
Winn-Dixie Stores, Inc. Current Line of Credit ($ MM): |
Winn-Dixie Stores, Inc. Current Portion of Long-Term Debt ($ MM): |
Winn-Dixie Stores, Inc. Current Capital Lease Obligations ($ MM): |
Winn-Dixie Stores, Inc. Current Liabilities Held for Sale ($ MM): |
Winn-Dixie Stores, Inc. Current Other Liabilities ($ MM): |
Winn-Dixie Stores, Inc. Current Liabilities ($ MM): |
Winn-Dixie Stores, Inc. Line of Credit - Long-Term ($ MM): |
Winn-Dixie Stores, Inc. Other Long Term Debt ($): |
Winn-Dixie Stores, Inc. Capital Lease Obligations - Long-Term ($ MM): |
Winn-Dixie Stores, Inc. Commitments and Contingencies ($ MM): |
Winn-Dixie Stores, Inc. Noncurrent Other Liabilities ($ MM): |
Winn-Dixie Stores, Inc. Liabilities ($ MM): |
Winn-Dixie Stores, Inc. Common Stock - Value (Excluding Additional Paid in Capital) ($ MM): |
Winn-Dixie Stores, Inc. Additional Paid in Capital ($ MM): |
Winn-Dixie Stores, Inc. Retained Earnings ($ MM): |
Winn-Dixie Stores, Inc. Other Accumulated Comprehensive Income, Net of Tax Effect ($ MM): |
Winn-Dixie Stores, Inc. Stockholders' Equity ($ MM): |
Winn-Dixie Stores, Inc. Liabilities and Stockholders' Equity ($ MM): |
Winn-Dixie Stores, Inc. Operating Activities Beginning Net Income ($ MM): |
Winn-Dixie Stores, Inc. Depreciation and Amortization ($ MM): |
Winn-Dixie Stores, Inc. Restructuring Charges ($ MM): |
Winn-Dixie Stores, Inc. Asset Impairment Charges ($ MM): |
Winn-Dixie Stores, Inc. Adjustment for Equity Based Compensation Expense ($ MM): |
Winn-Dixie Stores, Inc. Adjustment Realized Gains Losses On Sale Asset ($ MM): |
Winn-Dixie Stores, Inc. Deferred Income Taxes ($ MM): |
Winn-Dixie Stores, Inc. Other Adjustments to Common Stockholders' Net Income - Increase/(Decrease) ($ MM): |
Winn-Dixie Stores, Inc. Change Accounts Receivable ($ MM): |
Winn-Dixie Stores, Inc. Increase/(Decrease) in Inventories ($ MM): |
Winn-Dixie Stores, Inc. Change Prepaid Expenses Other Current Assets ($ MM): |
Winn-Dixie Stores, Inc. Increase/(Decrease) in Other Non-operating Assets ($ MM): |
Winn-Dixie Stores, Inc. Increase/(Decrease) in Accounts Payable ($ MM): |
Winn-Dixie Stores, Inc. Increase/(Decrease) in Accrued Expenses ($ MM): |
Winn-Dixie Stores, Inc. Increase/(Decrease) in Accounts Payable and Accrued Expenses ($ MM): |
Winn-Dixie Stores, Inc. Change Income Taxes Receivable and Payables Net ($ MM): |
Winn-Dixie Stores, Inc. Increase/(Decrease) in Other Non-operating Liabilities ($ MM): |
Winn-Dixie Stores, Inc. Net Other Increase/(Decrease) in Working Capital ($ MM): |
Winn-Dixie Stores, Inc. Net Cash Flows Provided By/(Used In) Operating Activities ($ MM): |
Winn-Dixie Stores, Inc. Purchase of Property, Plant and Equipment ($ MM): |
Winn-Dixie Stores, Inc. Purchase of Marketable Securities ($ MM): |
Winn-Dixie Stores, Inc. Proceeds Sale Marketable Securities ($ MM): |
Winn-Dixie Stores, Inc. Other Purchases and Payments for Investments ($ MM): |
Winn-Dixie Stores, Inc. Proceeds from Life Insurance Policies ($ MM): |
Winn-Dixie Stores, Inc. Proceeds from Sale of Other Assets ($ MM): |
Winn-Dixie Stores, Inc. Total Increase/(Decrease) in Other Non-operating Assets, Net ($ MM): |
Winn-Dixie Stores, Inc. Net Other Investing Activities ($ MM): |
Winn-Dixie Stores, Inc. Net Cash Flows Provided By/(Used In) Investing Activities ($ MM): |
Winn-Dixie Stores, Inc. Net Increase/(Decrease) in Bank Overdrafts ($ MM): |
Winn-Dixie Stores, Inc. Proceeds from Lines of Credit ($ MM): |
Winn-Dixie Stores, Inc. Repayments on Lines of Credit ($ MM): |
Winn-Dixie Stores, Inc. Proceeds Debt ($ MM): |
Winn-Dixie Stores, Inc. Reduction of Capital Lease Obligations ($ MM): |
Winn-Dixie Stores, Inc. Repayments Debt ($ MM): |
Winn-Dixie Stores, Inc. Other Repayments of Long Term Debt ($ MM): |
Winn-Dixie Stores, Inc. Debt Issuance Costs ($ MM): |
Winn-Dixie Stores, Inc. Cash Provided by/(Used in) Financing Activities - Other ($ MM): |
Winn-Dixie Stores, Inc. Net Cash Flows Provided By/(Used In) Financing Activities ($ MM): |
Winn-Dixie Stores, Inc. Increase/(Decrease) in Cash and Cash Equivalents ($ MM): |
Winn-Dixie Stores, Inc. Cash and cash equivalents at the beginning of the year ($ MM): |
Winn-Dixie Stores, Inc. Total Cash and cash equivalents at the end of the year ($ MM): |
Mergers & Acquisitions
| Date | Status | Target | Buyer | Deal Type | Price | |
| Details | May. 2002 | Completed | 17 Winn Dixie Stores | Brookshire Grocery Co. | Divestiture | Unspecified |
| Details | Dec. 2011 | Completed | View1 | View | Acquisition Merger Take Private | View |
| 1 | Bi-Lo, LLC, a subsidiary of...Read More → |
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VC/Funding Activity
| Date | Investor | Round | Investor Type | |
| Feb. 2005 | Wells Fargo & Company | Debt Funding | Corporate | |
| Details | Total Round Debt Funding1 $725,000,000 | |||
| Total of Funding Shown Above $725,000,000 | ||||
| 1 | Winn-Dixie secured $725 million in debtor-in-possession financing from a consortium of investors led by Wachovia Bank (now Wells Fargo). - Details → |
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Public / Private History (PPH™)
| Date | Deal Type | Action | Resulting Status | Valuation | Amount Raised | Public Ticker | |
| Details | Dec. 2011 | View | View | View1 | View | View | View |
| 1 | Bi-Lo, LLC, a subsidiary of...Read More → |
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Bankruptcy & Restructuring
| Type | Date Entered | Date Exited | Assets | Liabilities | |
| Details | Chapter 11 Restructuring1 | Feb. 2005 | Nov. 2006 | $2,500,000,000 - $2,600,000,000 | $1,700,000,000 - $1,800,000,000 |
| 1 | The company used the reorganization process to improve its operations and financial performance, but also to reduce its expenses and decide how to use its assets to make its stores more productive. Winn-Dixie closed about a third of its 913 stores at the time and cut 22,000 jobs as part of a plan to restructure and emerge from bankruptcy. The company focused on the preserving and developing their most profitable stores, while selling non-core assets to pay down debt. The bankruptcy wiped out the 36.7% holdings of the founding Davis Family. Winn-Dixie secured $725 million in revolving credit from Wachovia Bank to help pay for its reorganization, subject to court approval, the new credit line will replaces the company's previous $600 million credit line. Upon exiting bankruptcy, Winn-Dixie was allowed to issue up to 54.5 million shares of new stock to unsecured creditors. - Details → |
Supplemental Resources
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