Exhibit 99.2
TREEHOUSE FOODS, INC.
IMPACT OF THE CHANGE IN INVENTORY VALUATION METHOD FROM LIFO TO FIFO
(Unaudited, in millions, except per share data)
|
| | | | |
| | | Q1 2019 |
| Cost of sales - as previously reported | | $ | 1,106.5 |
|
| Cost of sales - adjustment | | (0.5 | ) |
| Cost of sales - retrospectively adjusted | | 1,106.0 |
|
| | | |
| Income tax (benefit) expense - as previously reported | | (12.3 | ) |
| Income tax (benefit) expense - adjustment | | 0.1 |
|
| Income tax (benefit) expense- retrospectively adjusted | | (12.2 | ) |
| | | |
| Net (loss) - as previously reported | | (27.3 | ) |
| Net (loss) - adjustment | | 0.4 |
|
| Net (loss) - retrospectively adjusted | | (26.9 | ) |
| | | |
| (Loss) / earnings per share (GAAP) - as previously reported | | $ | (0.49 | ) |
| (Loss) / earnings per share (GAAP) - adjustment | | $ | 0.01 |
|
| (Loss) / earnings per share (GAAP) - retrospectively adjusted | | $ | (0.48 | ) |
| | | |
| Adjusted Diluted EPS - as previously reported | | $ | 0.13 |
|
| Adjusted Diluted EPS - adjustment | | $ | 0.01 |
|
| Adjusted Diluted EPS - retrospectively adjusted | | $ | 0.14 |
|
TREEHOUSE FOODS, INC.
IMPACT OF THE CHANGE IN INVENTORY VALUATION METHOD FROM LIFO TO FIFO
QUARTERLY 2018
(Unaudited, in millions, except per share data)
|
| | | | | | | | | | | | | | | | | | | | |
| | | Q1 | | Q2 | | Q3 | | Q4 | | 2018 |
| Cost of sales - as previously reported | | $ | 1,249.3 |
| | $ | 1,220.0 |
| | $ | 1,166.5 |
| | $ | 1,220.9 |
| | $ | 4,856.7 |
|
| Cost of sales - adjustment | | (0.7 | ) | | (0.7 | ) | | 3.7 |
| | 1.7 |
| | 4.0 |
|
| Cost of sales - retrospectively adjusted | | 1,248.6 |
| | 1,219.3 |
| | 1,170.2 |
| | 1,222.6 |
| | 4,860.7 |
|
| | | | | | | | | | | |
| Income tax (benefit) expense - as previously reported | | (9.8 | ) | | (6.1 | ) | | (5.2 | ) | | (2.3 | ) | | (23.4 | ) |
| Income tax (benefit) expense - adjustment | | 0.2 |
| | 0.1 |
| | (0.9 | ) | | (0.4 | ) | | (1.0 | ) |
| Income tax (benefit) expense- retrospectively adjusted | | (9.6 | ) | | (6.0 | ) | | (6.1 | ) | | (2.7 | ) | | (24.4 | ) |
| | | | | | | | | | | |
| Net (loss) income - as previously reported | | (34.1 | ) | | (20.1 | ) | | 5.4 |
| | (12.6 | ) | | (61.4 | ) |
| Net (loss) income - adjustment | | 0.5 |
| | 0.6 |
| | (2.8 | ) | | (1.3 | ) | | (3.0 | ) |
| Net (loss) income - retrospectively adjusted | | (33.6 | ) | | (19.5 | ) | | 2.6 |
| | (13.9 | ) | | (64.4 | ) |
| | | | | | | | | | | |
(Loss) / earnings per diluted share (GAAP) - as previously reported 1 | | $ | (0.60 | ) | | $ | (0.36 | ) | | $ | 0.10 |
| | $ | (0.23 | ) | | $ | (1.10 | ) |
(Loss) / earnings per diluted share (GAAP) - adjustment 1 | | $ | 0.01 |
| | $ | 0.01 |
| | $ | (0.05 | ) | | $ | (0.02 | ) | | $ | (0.05 | ) |
(Loss) / earnings per diluted share (GAAP) - retrospectively adjusted 1 | | $ | (0.59 | ) | | $ | (0.35 | ) | | $ | 0.05 |
| | $ | (0.25 | ) | | $ | (1.15 | ) |
| | | | | | | | | | | |
Adjusted Diluted EPS - as previously reported 1 | | $ | 0.18 |
| | $ | 0.37 |
| | $ | 0.62 |
| | $ | 1.03 |
| | $ | 2.20 |
|
Adjusted Diluted EPS - adjustment 1 | | $ | 0.01 |
| | $ | 0.01 |
| | $ | (0.05 | ) | | $ | (0.02 | ) | | $ | (0.05 | ) |
Adjusted Diluted EPS - retrospectively adjusted 1 | | $ | 0.19 |
| | $ | 0.38 |
| | $ | 0.57 |
| | $ | 1.01 |
| | $ | 2.15 |
|
|
| | |
| 1 |
| Due to rounding and the fluctuations in shares, the sum of the four quarters may not be the same as the total for the year. |
TREEHOUSE FOODS, INC.
IMPACT OF THE CHANGE IN INVENTORY VALUATION METHOD FROM LIFO TO FIFO
QUARTERLY 2017
(Unaudited, in millions, except per share data)
|
| | | | | | | | | | | | | | | | | | | | |
| | | Q1 | | Q2 | | Q3 | | Q4 | | 2017 |
| Cost of sales - as previously reported | | $ | 1,249.8 |
| | $ | 1,245.6 |
| | $ | 1,289.1 |
| | $ | 1,442.2 |
| | $ | 5,226.7 |
|
| Cost of sales - adjustment | | (0.7 | ) | | (0.7 | ) | | (0.5 | ) | | (2.9 | ) | | (4.8 | ) |
| Cost of sales - retrospectively adjusted | | 1,249.1 |
| | 1,244.9 |
| | 1,288.6 |
| | 1,439.3 |
| | 5,221.9 |
|
| | | | | | | | | | | |
| Income tax (benefit) expense - as previously reported | | 11.5 |
| | (21.8 | ) | | 1.3 |
| | (229.4 | ) | | (238.4 | ) |
| Income tax (benefit) expense - adjustment | | 0.3 |
| | 0.3 |
| | 0.2 |
| | (2.7 | ) | | (1.9 | ) |
| Income tax (benefit) expense- retrospectively adjusted | | 11.8 |
| | (21.5 | ) | | 1.5 |
| | (232.1 | ) | | (240.3 | ) |
| | | | | | | | | | | |
| Net (loss) income - as previously reported | | 28.2 |
| | (34.2 | ) | | 28.8 |
| | (309.0 | ) | | (286.2 | ) |
| Net (loss) income- adjustment | | 0.4 |
| | 0.5 |
| | 0.3 |
| | 5.6 |
| | 6.8 |
|
| Net (loss) income - retrospectively adjusted | | 28.6 |
| | (33.7 | ) | | 29.1 |
| | (303.4 | ) | | (279.4 | ) |
| | | | | | | | | | | |
(Loss) / earnings per diluted share (GAAP) - as previously reported 1 | | $ | 0.49 |
| | $ | (0.60 | ) | | $ | 0.50 |
| | $ | (5.40 | ) | | $ | (5.01 | ) |
(Loss) / earnings per diluted share (GAAP) - adjustment 1 | | $ | 0.01 |
| | $ | 0.01 |
| | $ | — |
| | $ | 0.09 |
| | $ | 0.12 |
|
(Loss) / earnings per diluted share (GAAP) - retrospectively adjusted 1 | | $ | 0.50 |
| | $ | (0.59 | ) | | $ | 0.50 |
| | $ | (5.31 | ) | | $ | (4.89 | ) |
| | | | | | | | | | | |
Adjusted Diluted EPS - as previously reported 1 | | $ | 0.61 |
| | $ | 0.51 |
| | $ | 0.67 |
| | $ | 1.02 |
| | $ | 2.81 |
|
Adjusted Diluted EPS - adjustment 1 | | $ | 0.01 |
| | $ | 0.01 |
| | $ | — |
| | $ | 0.09 |
| | $ | 0.12 |
|
Adjusted Diluted EPS - retrospectively adjusted 1 | | $ | 0.62 |
| | $ | 0.52 |
| | $ | 0.67 |
| | $ | 1.11 |
| | $ | 2.93 |
|
|
| | |
| 1 |
| Due to rounding and the fluctuations in shares, the sum of the four quarters may not be the same as the total for the year. |
