ConAgra Brands, Inc. (CAG) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
222 W. MERCHANDISE MART PLAZA CHICAGO, IL 60654 |
| State of Incorp. | DE |
| Fiscal Year End | May 31 |
| Industry (SIC) | 20 - Food And Kindred Products (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 5/31/2023 | 11/30/2022 MRQ | 5/31/2022 | 5/31/2021 | 5/31/2020 | 5/31/2019 | 5/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 40 | 83 | 79 | 553 | 237 | 128 | |||
| Cash and cash equivalents | 40 | 83 | 79 | 553 | 237 | 128 | |||
| Receivables | 911 | 867 | 794 | 861 | 832 | 583 | |||
| Inventory, net of allowances, customer advances and progress billings | 2,348 | 1,940 | 1,734 | 1,378 | 1,572 | 997 | |||
| Inventory | 2,348 | 1,940 | 1,734 | 1,378 | 1,572 | 997 | |||
| Disposal group, including discontinued operation | 27 | ||||||||
| Other current assets | 95 | 94 | 94 | 187 | |||||
| Other undisclosed current assets | 119 | 116 | 44 | ||||||
| Total current assets: | 3,416 | 3,034 | 2,702 | 2,886 | 2,734 | 1,939 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 2,688 | 2,714 | 2,609 | 2,390 | 2,395 | 1,620 | |||
| Intangible assets, net (including goodwill) | 14,759 | 15,182 | 15,531 | 15,752 | 16,161 | 5,787 | |||
| Goodwill | 11,180 | 11,329 | 11,374 | 11,436 | 11,500 | 4,503 | |||
| Intangible assets, net (excluding goodwill) | 3,579 | 3,853 | 4,158 | 4,316 | 4,661 | 1,285 | |||
| Disposal group, including discontinued operation, noncurrent assets | 32 | 5 | 3 | 8 | |||||
| Other noncurrent assets | 1,550 | 1,473 | 1,349 | 1,273 | 916 | 906 | |||
| Other undisclosed noncurrent assets | 137 | ||||||||
| Total noncurrent assets: | 18,998 | 19,401 | 19,494 | 19,418 | 19,480 | 8,451 | |||
| TOTAL ASSETS: | 22,414 | 22,435 | 22,196 | 22,304 | 22,214 | 10,390 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 2,403 | 2,777 | 2,576 | 2,441 | 2,121 | 1,752 | |||
| Employee-related liabilities | ✕ | ✕ | 152 | 175 | 189 | 174 | 164 | ||
| Accounts payable | 1,596 | 1,865 | 1,656 | 1,526 | 1,255 | 915 | |||
| Accrued liabilities | 807 | 761 | 745 | 726 | 692 | 673 | |||
| Debt | 1,320 | 892 | 731 | 847 | 21 | 307 | |||
| Disposal group, including discontinued operation | 2 | ||||||||
| Other undisclosed current liabilities | (152) | 1 | 277 | ||||||
| Total current liabilities: | 3,723 | 3,519 | 3,306 | 3,287 | 2,143 | 2,336 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 8,082 | 8,088 | 10,656 | 3,232 | |||||
| Long-term debt, excluding current maturities | 8,082 | 8,088 | 10,656 | 3,232 | |||||
| Liabilities, other than long-term debt | 1,872 | 1,966 | 1,983 | 2,165 | 1,952 | 1,065 | |||
| Disposal group, including discontinued operation, liabilities | 2 | ||||||||
| Other liabilities | 1,872 | 1,964 | 1,983 | 2,165 | 1,952 | 1,065 | |||
| Other undisclosed noncurrent liabilities | 8,275 | 8,901 | |||||||
| Total noncurrent liabilities: | 9,954 | 10,054 | 10,258 | 11,066 | 12,608 | 4,297 | |||
| Total liabilities: | 13,676 | 13,573 | 13,564 | 14,353 | 14,750 | 6,633 | |||
| Equity | |||||||||
| Equity, attributable to parent | 8,666 | 8,788 | 8,552 | 7,876 | 7,385 | 3,676 | |||
| Common stock | 2,921 | 2,921 | 2,921 | 2,921 | 2,921 | 2,840 | |||
| Treasury stock, value | (3,128) | (2,998) | (2,980) | (2,730) | (2,760) | (4,978) | |||
| Additional paid in capital | 2,361 | 2,325 | 2,342 | 2,323 | 2,286 | 1,180 | |||
| Accumulated other comprehensive income (loss) | (25) | (11) | 6 | (110) | (110) | (111) | |||
| Retained earnings | 6,537 | 6,551 | 6,263 | 5,471 | 5,048 | 4,745 | |||
| Equity, attributable to noncontrolling interest | 71 | 75 | 80 | 75 | 79 | 80 | |||
| Total equity: | 8,738 | 8,862 | 8,631 | 7,951 | 7,464 | 3,757 | |||
| TOTAL LIABILITIES AND EQUITY: | 22,414 | 22,435 | 22,196 | 22,304 | 22,214 | 10,390 | |||
Income Statement (P&L) ($ in millions)
| 5/31/2023 | 11/30/2022 TTM | 5/31/2022 | 5/31/2021 | 5/31/2020 | 5/31/2019 | 5/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 12,041 | 11,536 | 11,185 | 11,054 | 9,538 | 7,938 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 7,938 | |
| Cost of revenue (Cost of Goods and Services Sold) | (8,988) | (8,697) | (8,006) | (7,985) | (6,885) | (5,587) | ||
| Gross profit: | 3,053 | 2,839 | 3,179 | 3,070 | 2,653 | 2,352 | ||
| Operating expenses | (2,448) | (1,890) | (1,872) | (2,330) | (1,887) | (1,637) | ||
| Operating income: | 605 | 949 | 1,307 | 740 | 766 | 715 | ||
| Nonoperating income | 50 | 69 | 56 | 13 | 42 | 4 | ||
| Investment income, nonoperating | 3 | 2 | 2 | 3 | 7 | 4 | ||
| Net periodic defined benefits expense (reversal of expense), excluding service cost component | 47 | 67 | 55 | 10 | 35 | ✕ | ||
| Interest and debt expense | (402) | (395) | (433) | (497) | (401) | (166) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 507 | 411 | 479 | 714 | 416 | 323 | ||
| Income from continuing operations before equity method investments, income taxes: | 761 | 1,033 | 1,410 | 970 | 823 | 875 | ||
| Income from equity method investments | 194 | 145 | 84 | 73 | 76 | 97 | ||
| Income from continuing operations before income taxes: | 955 | 1,179 | 1,495 | 1,043 | 899 | 972 | ||
| Income tax expense | (274) | (291) | (194) | (201) | (219) | (175) | ||
| Income from continuing operations: | 681 | 888 | 1,301 | 842 | 680 | 798 | ||
| Income before gain (loss) on sale of properties: | ✕ | 299 | 888 | 1,301 | 842 | 678 | 812 | |
| Income (loss) from discontinued operations | (2) | 14 | ||||||
| Net income: | 681 | 888 | 1,301 | 842 | 678 | 812 | ||
| Net income (loss) attributable to noncontrolling interest | (1) | (2) | (2) | (0) | (3) | |||
| Other undisclosed net income attributable to parent | 1 | |||||||
| Net income available to common stockholders, diluted: | 682 | 888 | 1,299 | 840 | 678 | 808 | ||
Comprehensive Income ($ in millions)
| 5/31/2023 | 11/30/2022 TTM | 5/31/2022 | 5/31/2021 | 5/31/2020 | 5/31/2019 | 5/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 681 | 888 | 1,301 | 842 | 678 | 812 | ||
| Other comprehensive income (loss) | (5) | (5) | 69 | 43 | (34) | 113 | ||
| Other undisclosed comprehensive income (loss) | (1) | (18) | 50 | (49) | 33 | 4 | ||
| Comprehensive income: | 675 | 866 | 1,420 | 836 | 677 | 928 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 7 | 6 | (5) | 5 | 2 | 1 | ||
| Comprehensive income, net of tax, attributable to parent: | 682 | 871 | 1,414 | 841 | 679 | 929 | ||
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.