Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2016	Mar. 28, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
NET INCOME	$ 13,560	$ 7,115
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	102,808	99,449
Gain on disposal of property and equipment	(1,306)	(312)
Tangible asset impairment charge		1,118
Amortization of deferred financing costs	2,433	4,467
Insurance proceeds relating to operating activities	2,479	10,112
Insurance benefit in net income	(7,083)	(10,063)
Amortization of Senior Notes original issue premium	(832)	(832)
Deferred tax benefit	(80)	(34,992)
Share-based compensation expense	4,786	2,466
Provision for doubtful accounts	3,781	3,701
Changes in operating assets and liabilities, net of business acquisitions:
Increase in receivables	(84,681)	(78,822)
Increase in inventories	(49,987)	(16,377)
Increase in prepaid expenses and other assets	(4,998)	(5,271)
Increase in accounts payable and bank checks outstanding	257,938	178,603
Decrease in accrued expenses and other liabilities	(101,353)	(58,669)
Net cash provided by operating activities	137,465	101,693
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of businesses-net of cash	(38,318)
Proceeds from sales of property and equipment	1,923	1,576
Purchases of property and equipment	(36,884)	(57,191)
Investment in noncontrolling interest	(7,658)
Insurance proceeds related to investing activities		2,771
Purchase of industrial revenue bonds		(12,376)
Net cash used in investing activities	(80,937)	(65,220)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from debt borrowings	538,000	12,376
Principal payments on debt and capital leases	(303,081)	(13,778)
Cash distribution to parent company	(374,332)
Parent company common stock repurchased	(3,659)	(1,201)
Net cash used in financing activities	(143,072)	(2,603)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(86,544)	33,870
CASH AND CASH EQUIVALENTS-Beginning of period	217,561	343,659
CASH AND CASH EQUIVALENTS-End of period	131,017	377,529
Cash paid during the period for:
Interest (net of amounts capitalized)	39,839	96,823
Income taxes paid-net	40	1
Property and equipment purchases included in accounts payable	11,379	$ 24,279
Capital lease additions	48,299
Contingent consideration payable for business acquisition	$ 5,000

US FOODS, INC. 10-Q