Darling Ingredients Inc. (DAR) Financial Statements (2024 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)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments127127698273107
Cash and cash equivalents127127698273107
Restricted cash and investments000000
Receivables8695470409410392
Inventory, net of allowances, customer advances and progress billings759674457406363341
Inventory759674457406363341
Prepaid expense1068654484735
Other current assets 435639422522
Other undisclosed current assets813     
Total current assets:1,8561,6381,089987917898
Noncurrent Assets
Operating lease, right-of-use asset206186155147125
Property, plant and equipment2,9352,4621,8401,8641,8021,688
Long-term investments and receivables2,2521,9261,349805689410
Long-term investments2,2521,9261,349805689410
Intangible assets, net (including goodwill)3,5602,8351,6171,7341,7501,825
Goodwill2,4851,9701,2191,2601,2231,229
Intangible assets, net (excluding goodwill)1,076865398474526596
Deferred income tax assets18181617 
Other noncurrent assets23513667614753
Deferred tax assets, net15
Other undisclosed noncurrent assets     14 
Total noncurrent assets:9,2057,5645,0454,6264,4283,991
TOTAL ASSETS:11,0619,2026,1345,6135,3454,889
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities867905658591551529
Accounts payable426472307255239219
Accrued liabilities441432351335311309
Debt61702428917
Other undisclosed current liabilities71947057474
Total current liabilities:9981,068753675688540
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,3663,3151,4391,4811,5581,667
Other undisclosed long-term debt and lease obligation4,3663,3151,3191,3711,4671,667
Liabilities, other than long-term debt1,003922474394116346
Deferred tax liabilities, net231
Deferred income tax liabilities498482363276 
Other liabilities350299111117116115
Operating lease, liability15514212011091
Other undisclosed noncurrent liabilities   120110339 
Total noncurrent liabilities:5,3694,2372,0331,9842,0142,013
Total liabilities:6,3675,3062,7862,6592,7022,554
Equity
Equity, attributable to parent4,6053,8093,2812,8922,5662,273
Common stock222222
Treasury stock, value(629)(554)(375)(152)(75)(48)
Additional paid in capital1,6981,6601,6281,5971,5611,536
Accumulated other comprehensive loss(198)(384)(322)(252)(322)(305)
Retained earnings3,7333,0862,3481,6971,4001,088
Equity, attributable to noncontrolling interest888767627863
Total equity:4,6943,8963,3482,9542,6432,336
TOTAL LIABILITIES AND EQUITY:11,0619,2026,1345,6135,3454,889

Income Statement (P&L) ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues6,7886,5324,7413,5723,3643,388
Cost of revenue(5,154)(5,032)(3,500)(2,727)(2,589)(2,658)
Cost of goods and services sold(5,143)(5,003)(3,499)(2,689)(2,589)(2,647)
Gross profit:1,6341,5001,241845775729
Operating expenses(1,051)(843)(708)(729)(663)(634)
Other undisclosed operating income366372352315364 
Operating income:9501,02988443147695
Nonoperating expense(235)(140)(69)(81)(96)(136)
Interest and debt expense (1)(126)(1)(3)(12)(24)
Other undisclosed loss from continuing operations before equity method investments, income taxes      
Income (loss) from continuing operations before equity method investments, income taxes:714763815347368(65)
Income from equity method investments55630159
Other undisclosed income from continuing operations before income taxes1126131224
Income from continuing operations before income taxes:720894821354380118
Income tax expense(60)(147)(164)(53)(59)(12)
Income from continuing operations:660747657300321106
Income before gain (loss) on sale of properties:657300321106
Net income:660747657300321106
Net loss attributable to noncontrolling interest(13)(9)(6)(4)(8)(4)
Net income available to common stockholders, diluted:648738651297313101

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:660747657300321106
Other comprehensive income (loss)182(65)(65)68(17)(91)
Comprehensive income:84368259236930415
Comprehensive loss, net of tax, attributable to noncontrolling interest(10)(6)(11)(2)(9)(4)
Comprehensive income, net of tax, attributable to parent:83367658236629511

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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