B&G Foods, Inc. B&G Foods, Inc. (BGS) Financial Statements (2023 and earlier)

Company Profile

Business Address FOUR GATEHALL DRIVE
PARSIPPANY, NJ 07054
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 20 - Food And Kindred Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

6/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4534521112207
Cash and cash equivalents4534521112207
Receivables158150149153153158
Inventory, net of allowances, customer advances and progress billings726610493472401502
Inventory726610493472401502
Disposal group, including discontinued operation 513    
Other undisclosed current assets383844252020
Total current assets:1,019834737662586887
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization3   ✕✕
Operating lease, right-of-use asset66653239✕✕
Property, plant and equipment318341372305283272
Intangible assets, net (including goodwill), including:2,1932,5722,6162,2122,1802,398
Goodwill619645645596584649
Intangible assets, net (excluding goodwill) 1,9271,9711,6151,5961,748
Other undisclosed intangible assets, net (including goodwill) 1,574     
Deferred income tax assets10947✕✕
Other noncurrent assets1976312
Deferred tax assets, net✕✕✕✕✕53
Other undisclosed noncurrent assets 214     
Total noncurrent assets:2,8232,9943,0302,5662,4692,674
TOTAL ASSETS:3,8423,8293,7683,2283,0553,561
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities192232235201258201
Interest and dividends payable✕✕3331303131
Taxes payable✕✕300320
Accounts payable128130127115140122
Accrued liabilities646777565648
Debt51  15  
Other undisclosed current liabilities291211   
Total current liabilities:272244246217258201
Noncurrent Liabilities
Long-term debt and lease obligation2,3412,3232,3581,9061,6362,218
Long-term debt, excluding current maturities2,3392,2682,3341,8741,6362,218
Finance lease, liability2   ✕✕
Liabilities, other than long-term debt361341332292260261
Deferred tax liabilities, net✕✕✕✕✕236236
Deferred income tax liabilities289311293254✕✕
Other liabilities213039382525
Operating lease, liability52562432✕✕
Total noncurrent liabilities:2,7022,6642,6902,1981,8962,479
Total liabilities:2,9732,9082,9362,4152,1552,680
Equity
Equity, attributable to parent868920832813900881
Common stock111111
Additional paid in capital  4  116267
Accumulated other comprehensive income (loss)(9)(18)(36)(32)(24)(21)
Retained earnings877934867844807634
Total equity:868920832813900881
TOTAL LIABILITIES AND EQUITY:3,8423,8293,7683,2283,0553,561

Income Statement (P&L) ($ in millions)
Annual | Quarterly

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues2,1632,0561,9681,6601,7011,668
Revenue, net✕✕✕✕✕✕1,668
Cost of revenue
(Cost of Goods and Services Sold)		(1,753)(1,619)(1,486)(1,277)(1,351)(1,206)
Gross profit:410437482383350462
Operating expenses(205)(241)(205)(179)(9)(223)
Other undisclosed operating loss(106)     
Operating income:99196276204340239
Nonoperating income
(Other Nonoperating income)		743142
Interest and debt expense(0) (5)(1)(13)(1)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (97)(98)(108)(92)
Income from continuing operations before equity method investments, income taxes:106201177106222148
Other undisclosed loss from continuing operations before income taxes(125)(107)    
Income (loss) from continuing operations before income taxes:(19)94177106222148
Income tax expense (benefit)8(26)(45)(29)(50)69
Income (loss) from continuing operations:(11)6713276172217
Income (loss) before gain (loss) on sale of properties:✕6713276172217
Net income (loss) available to common stockholders, diluted:(11)6713276172217

Comprehensive Income ($ in millions)
Annual | Quarterly

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(11)6713276172217
Comprehensive income (loss):(11)6713276172217
Other undisclosed comprehensive income (loss), net of tax, attributable to parent917(4)(8)(3)(1)
Comprehensive income (loss), net of tax, attributable to parent:(3)8512868170216

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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