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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11213312712614799
Cash and cash equivalents11213312712614799
Restricted cash and investments000000
Receivables769771695687602543
Inventory, net of allowances, customer advances and progress billings825829674642578492
Inventory825829674642578492
Prepaid expense11710986807761
Other current assets   56   
Other undisclosed current assets5361 265764
Total current assets:1,8761,9031,6381,5621,4621,259
Noncurrent Assets
Operating lease, right-of-use asset197189186175177165
Property, plant and equipment2,7752,7132,4622,3462,2371,868
Long-term investments and receivables2,2142,1251,9261,8151,7361,564
Long-term investments2,2142,1251,9261,8151,7361,564
Intangible assets, net (including goodwill)3,6413,6792,8352,7742,3161,646
Goodwill2,5662,5881,9701,9001,5561,237
Intangible assets, net (excluding goodwill)1,0751,091865874760410
Deferred income tax assets252118151616
Other noncurrent assets2462321361238298
Total noncurrent assets:9,0978,9597,5647,2476,5655,357
TOTAL ASSETS:10,97310,8619,2028,8098,0276,616
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8478969051,046948736
Taxes payable432825
Employee-related liabilities125106
Accounts payable427434472398415351
Accrued liabilities420463432479399360
Debt8811970643335
Other undisclosed current liabilities788494(81)(61)42
Total current liabilities:1,0141,0991,0681,028920813
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,4594,5593,3153,2212,8811,678
Other undisclosed long-term debt and lease obligation4,4594,5593,3153,0882,7471,553
Liabilities, other than long-term debt1,0501,082922758526503
Deferred income tax liabilities562523482462397394
Other liabilities339415299296128110
Operating lease, liability149145142133134125
Other undisclosed noncurrent liabilities    133134125
Total noncurrent liabilities:5,5095,6414,2374,1123,5402,307
Total liabilities:6,5236,7405,3065,1404,4603,120
Equity
Equity, attributable to parent4,3684,0333,8093,5803,4933,425
Common stock222222
Treasury stock, value(625)(615)(554)(530)(492)(439)
Additional paid in capital1,6801,6741,6601,6521,6461,638
Accumulated other comprehensive loss(213)(299)(384)(473)(401)(311)
Retained earnings3,5243,2713,0862,9292,7382,536
Equity, attributable to noncontrolling interest828987897370
Total equity:4,4514,1223,8963,6693,5673,496
TOTAL LIABILITIES AND EQUITY:10,97310,8619,2028,8098,0276,616

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues1,7581,7911,7681,7481,6501,366
Cost of revenue(1,360)(1,371)(1,400)(1,371)(1,240)(1,021)
Cost of goods and services sold(1,360)(1,367)(1,379)(1,371)(1,232)(1,021)
Gross profit:398420368376410346
Operating expenses(261)(258)(242)(211)(205)(185)
Other undisclosed operating income220941231037472
Operating income:357256249268279233
Nonoperating expense(63)(39)(51)(43)(29)(17)
Gain (loss), foreign currency transaction, before tax25(5)(0)(4)(1)
Other nonoperating income (expense)560(3)(0)(1)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (126)   
Income from continuing operations before equity method investments, income taxes:29421772225250215
Income (loss) from equity method investments20(1)221
Other undisclosed income from continuing operations before income taxes   126   
Income from continuing operations before income taxes:296217197228252217
Income tax expense (benefit)(41)(27)(38)(35)(47)(26)
Income from continuing operations:255190159192205191
Income before gain (loss) on sale of properties:192205191
Net income:255190159192205191
Net loss attributable to noncontrolling interest(3)(4)(3)(1)(3)(3)
Net income available to common stockholders, diluted:252186157191202188

Comprehensive Income ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:255190159192205191
Other comprehensive income (loss)848486(72)(90)11
Comprehensive income:339274245120115202
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(3)1(1)(3)(4)
Comprehensive income, net of tax, attributable to parent:339270246119112198

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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