Darling Ingredients Inc. (DAR) Financial Statements (2023 and earlier)

Company Profile

Business Address 5601 N MACARTHUR BLVD
IRVING, TX 75038
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 207 - Fats And Oils (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments698273107107115157
Cash and cash equivalents698273107107115157
Restricted cash and investments0000000
Receivables470409410392396396383
Inventory, net of allowances, customer advances and progress billings457406363341358331345
Inventory457406363341358331345
Prepaid expense54484735383036
Other current assets39422522572210
Total current assets:1,089987917898956893932
Noncurrent Assets
Operating lease, right-of-use asset155147125✕✕✕✕
Property, plant and equipment1,8401,8641,8021,6881,6461,5161,508
Long-term investments and receivables1,349805689410302293247
Long-term investments1,349805689410302293247
Intangible assets, net (including goodwill)1,6171,7341,7501,8251,9781,9382,015
Goodwill1,2191,2601,2231,2291,3011,2261,233
Intangible assets, net (excluding goodwill)398474526596677712782
Deferred income tax assets1617 ✕✕✕✕
Other noncurrent assets67614753624471
Deferred tax assets, net✕✕✕15141516
Other undisclosed noncurrent assets  14    
Total noncurrent assets:5,0454,6264,4283,9914,0023,8053,858
TOTAL ASSETS:6,1345,6135,3454,8894,9584,6984,790
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities658591551529531424390
Accounts payable307255239219217181150
Accrued liabilities351335311309314243240
Debt2428917162348
Other undisclosed current liabilities70574741256
Total current liabilities:753675688540559452444
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,4391,4811,5581,6671,6981,7281,913
Long-term debt, excluding current maturities      1,913
Capital lease obligations✕✕✕ 00 
Operating lease, liability12011091✕✕✕✕
Other undisclosed long-term debt and lease obligation1,3191,3711,4671,6671,6981,727 
Liabilities, other than long-term debt474394116346373442458
Deferred tax liabilities, net✕✕✕231267346361
Deferred income tax liabilities363276 ✕✕✕✕
Other liabilities1111171161151069698
Other undisclosed noncurrent liabilities120110339    
Total noncurrent liabilities:2,0331,9842,0142,0132,0712,1702,371
Total liabilities:2,7862,6592,7022,5542,6312,6222,815
Stockholders' equity
Stockholders' equity attributable to parent3,2812,8922,5662,2732,2451,9731,871
Common stock2222222
Treasury stock, value(375)(152)(75)(48)(44)(41)(34)
Additional paid in capital1,6281,5971,5611,5361,5161,4991,489
Accumulated other comprehensive loss(322)(252)(322)(305)(210)(340)(336)
Retained earnings2,3481,6971,4001,088981853750
Stockholders' equity attributable to noncontrolling interest6762786383103104
Total stockholders' equity:3,3482,9542,6432,3362,3282,0761,975
TOTAL LIABILITIES AND EQUITY:6,1345,6135,3454,8894,9584,6984,790

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues4,7413,5723,3643,3883,6623,3983,397
Revenue, net✕✕✕✕3,6623,3983,397
Cost of revenue(3,500)(2,727)(2,589)(2,658)(2,876)(2,642)(2,663)
Cost of goods and services sold(3,499)(2,689)(2,589)(2,647)(2,876)(2,642)(2,654)
Gross profit:1,241845775729786756734
Operating expenses(708)(729)(663)(634)(650)(604)(591)
Other undisclosed operating income352315364    
Operating income:88443147695137152143
Nonoperating expense(69)(81)(96)(136)(101)(100)(117)
Interest and debt expense(1)(3)(12)(24)(1)(1)(11)
Income (loss) from continuing operations before equity method investments, income taxes:815347368(65)355215
Income from equity method investments630159297073
Other undisclosed income from continuing operations before income taxes1312241111
Income from continuing operations before income taxes:8213543801186412399
Income tax expense (benefit)(164)(53)(59)(12)69(15)(14)
Net income:65730032110613310785
Net loss attributable to noncontrolling interest(6)(4)(8)(4)(5)(5)(7)
Net income available to common stockholders, diluted:65129731310112810279

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:65730032110613310785
Other comprehensive income (loss)(65)68(17)(91)127(6)(156)
Comprehensive income (loss):59236930415260101(71)
Comprehensive loss, net of tax, attributable to noncontrolling interest(11)(2)(9)(4)(1)(3)(9)
Comprehensive income (loss), net of tax, attributable to parent:5823662951125998(80)

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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