Flowers Foods, Inc. (FLO) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
1919 FLOWERS CIRCLE THOMASVILLE, GA 31757 |
| State of Incorp. | GA |
| 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)
| 12/31/2023 | 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 investments | 165 | 186 | 307 | 11 | 25 | 5 | |||
| Cash and cash equivalents | 165 | 186 | 307 | 11 | 25 | 5 | |||
| Receivables | 349 | 305 | 300 | 286 | 287 | 280 | |||
| Inventory, net of allowances, customer advances and progress billings | 169 | 135 | 125 | 127 | 123 | 111 | |||
| Inventory | 169 | 135 | 125 | 127 | 123 | 111 | |||
| Other current assets | 48 | 52 | 37 | 63 | 43 | 50 | |||
| Other undisclosed current assets | 74 | 68 | 68 | 67 | 65 | 61 | |||
| Total current assets: | 805 | 746 | 838 | 554 | 544 | 507 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 2 | 3 | 5 | 23 | ✕ | ✕ | |||
| Operating lease, right-of-use asset | 273 | 289 | 329 | 376 | ✕ | ✕ | |||
| Property, plant and equipment | 849 | 799 | 699 | 718 | 744 | 732 | |||
| Long-term investments and receivables | 137 | 154 | 176 | 199 | 204 | ||||
| Accounts and financing receivable, after allowance for credit loss | 137 | 154 | 176 | 199 | 204 | ||||
| Intangible assets, net (including goodwill) | 1,210 | 1,241 | 1,260 | 1,295 | 1,340 | 1,207 | |||
| Goodwill | 545 | 545 | 545 | 545 | 545 | 465 | |||
| Intangible assets, net (excluding goodwill) | 664 | 695 | 715 | 750 | 795 | 742 | |||
| Disposal group, including discontinued operation, noncurrent assets | 4 | 7 | 15 | ||||||
| Deferred costs | 1 | 2 | |||||||
| Other noncurrent assets | 25 | 10 | 9 | 8 | 7 | 10 | |||
| Other undisclosed noncurrent assets | 12 | 11 | 4 | 188 | |||||
| Total noncurrent assets: | 2,508 | 2,507 | 2,485 | 2,624 | 2,302 | 2,153 | |||
| TOTAL ASSETS: | 3,313 | 3,253 | 3,323 | 3,178 | 2,846 | 2,660 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 519 | 472 | 451 | 434 | 389 | 382 | |||
| Accounts payable | 343 | 269 | 226 | 233 | 242 | 181 | |||
| Accrued liabilities | 175 | 203 | 225 | 201 | 147 | 200 | |||
| Debt | 2 | 2 | 2 | 65 | 11 | 12 | |||
| Deferred compensation liability | 2 | 1 | 2 | ||||||
| Other undisclosed current liabilities | 42 | 45 | 49 | 29 | |||||
| Total current liabilities: | 564 | 520 | 504 | 528 | 400 | 394 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 892 | 1,143 | 1,254 | 1,206 | 991 | 820 | |||
| Long-term debt, excluding current maturities | 892 | 891 | 960 | 863 | |||||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | ✕ | 16 | 20 | ||
| Finance lease, liability | 0 | 2 | 4 | 19 | ✕ | ✕ | |||
| Other undisclosed long-term debt and lease obligation | 975 | 800 | |||||||
| Liabilities, other than long-term debt | 176 | 179 | 192 | 180 | 196 | 195 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | 103 | 83 | ||
| Deferred income tax liabilities | 135 | 134 | 128 | 121 | ✕ | ✕ | |||
| Liability, pension and other postretirement and postemployment benefits | 6 | 7 | 10 | 14 | 39 | 60 | |||
| Other liabilities | 36 | 38 | 54 | 44 | 54 | 52 | |||
| Operating lease, liability | 251 | 290 | 324 | ✕ | ✕ | ||||
| Total noncurrent liabilities: | 1,068 | 1,322 | 1,446 | 1,386 | 1,187 | 1,015 | |||
| Total liabilities: | 1,633 | 1,842 | 1,950 | 1,914 | 1,587 | 1,409 | |||
| Equity | |||||||||
| Equity, attributable to parent | 1,443 | 1,411 | 1,373 | 1,263 | 1,258 | 1,251 | |||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Treasury stock, value | (253) | (232) | (225) | (226) | (232) | (235) | |||
| Additional paid in capital | 690 | 678 | 660 | 648 | 653 | 651 | |||
| Accumulated other comprehensive income (loss) | 1 | 3 | 6 | (106) | (109) | (85) | |||
| Retained earnings | 1,004 | 962 | 932 | 947 | 945 | 920 | |||
| Total equity: | 1,443 | 1,411 | 1,373 | 1,263 | 1,258 | 1,251 | |||
| Other undisclosed liabilities and equity | 237 | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 3,313 | 3,253 | 3,323 | 3,178 | 2,846 | 2,660 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 4,806 | 4,331 | 4,388 | 4,124 | 3,952 | 3,921 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 3,921 | |
| Cost of revenue (Cost of Goods and Services Sold) | (2,502) | (2,175) | (2,196) | (2,156) | (1) | (2) | ||
| Gross profit: | 2,304 | 2,156 | 2,192 | 1,968 | 3,951 | 3,919 | ||
| Operating expenses | (1,851) | (1,720) | (1,693) | (1,575) | (1,507) | (1,475) | ||
| Other undisclosed operating loss | (150) | (141) | (177) | (168) | (2,232) | (2,281) | ||
| Operating income: | 303 | 295 | 321 | 225 | 212 | 163 | ||
| Nonoperating income | 24 | 24 | 27 | 28 | 28 | 23 | ||
| Investment income, nonoperating | 24 | 24 | 27 | 28 | 28 | 23 | ||
| Interest and debt expense | (29) | (48) | (39) | (39) | (36) | (37) | ||
| Income from continuing operations before equity method investments, income taxes: | 298 | 271 | 309 | 214 | 205 | 149 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 1 | 0 | (109) | (2) | (8) | |||
| Income from continuing operations before income taxes: | 299 | 271 | 201 | 212 | 197 | 149 | ||
| Income tax expense (benefit) | (70) | (65) | (48) | (48) | (40) | 1 | ||
| Income from continuing operations: | 228 | 206 | 152 | 165 | 157 | 150 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | 206 | 152 | 165 | 157 | 150 | |
| Net income available to common stockholders, diluted: | 228 | 206 | 152 | 165 | 157 | 150 | ||
Comprehensive Income ($ in millions)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 228 | 206 | 152 | 165 | 157 | 150 | ||
| Other comprehensive income (loss) | (1) | (4) | 112 | 3 | (6) | (1) | ||
| Comprehensive income, net of tax, attributable to parent: | 227 | 202 | 265 | 168 | 151 | 149 | ||
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.