Pinnacle Foods Inc (PF) Financial Statements (2023 and earlier)

Company Profile

Business Address 399 JEFFERSON ROAD
PARSIPPANY, NJ 07054
State of Incorp. DE
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)
Annual | Quarterly

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments25035318138117
Cash and cash equivalents25035318138117
Receivables282290220198165
Inventory, net of allowances, customer advances and progress billings490445403356362
Inventory490445403356362
Prepaid expense   86
Deferred costs 26   
Assets held-for-sale✕✕✕✕2
Other current assets11111488
Other undisclosed current assets 2641106133
Total current assets:1,0321,151858716792
Noncurrent Assets
Property, plant and equipment740723631606523
Intangible assets, net (including goodwill)4,6414,6933,7153,8451,754
Goodwill2,1782,1631,7141,7201,628
Intangible assets, net (excluding goodwill)2,4632,5302,0012,125126
Other noncurrent assets165173136158186
Other undisclosed noncurrent assets   (124)1,826
Total noncurrent assets:5,5465,5894,4824,4854,289
TOTAL ASSETS:6,5786,7405,3405,2015,081
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities486494342398302
Interest and dividends payable40353140 
Employee-related liabilities   5260
Accounts payable323292211199142
Accrued liabilities122167101106100
Debt3726171427
Derivative instruments and hedges, liabilities   101
Other undisclosed current liabilities395146(39)2
Total current liabilities:561572406383331
Noncurrent Liabilities
Long-term debt and lease obligation2,9263,1402,2732,2862,476
Long-term debt, excluding current maturities2,9263,1402,2732,2862,476
Liabilities, other than long-term debt871,079856881678
Pension and other postretirement defined benefit plans, liabilities✕✕✕✕50
Accounts payable and accrued liabilities   8 
Deferred tax liabilities, net 975738721601
Liability for uncertainty in income taxes   21
Liability, pension and other postretirement and postemployment benefits53566362✕
Due to related parties   47 
Other liabilities3448553425
Derivative instruments and hedges, liabilities   61
Other undisclosed noncurrent liabilities624  (64)(2)
Total noncurrent liabilities:3,6374,2193,1293,1043,152
Total liabilities:4,1984,7913,5353,4873,483
Equity
Equity, attributable to parent2,3791,9481,8061,7141,598
Common stock11111
Treasury stock, value(32)(32)(32)(32) 
Additional paid in capital1,4531,4291,3791,3631,329
Accumulated other comprehensive loss(30)(52)(59)(38)(7)
Retained earnings987601517420276
Equity, attributable to noncontrolling interest11   
Total equity:2,3801,9491,8061,7141,598
TOTAL LIABILITIES AND EQUITY:6,5786,7405,3405,2015,081

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues
(Revenue, Net)		3,1443,1282,6562,5912,464
Cost of revenue
(Cost of Goods and Services Sold)		(2,276)(2,212)(1,915)(1,910)(1,810)
Gross profit:868916741681654
Operating expenses(419)(436)(316)(169)(361)
Operating income:449480425512293
Nonoperating income (expense)000(1)1
Investment income, nonoperating00021
Loss, foreign currency transaction, before tax   (3) 
Interest and debt expense(170)(139)(89)(97)(145)
Other undisclosed income from continuing operations before equity method investments, income taxes   212
Income from continuing operations before income taxes:279341336416161
Income tax expense (benefit)253(129)(124)(168)(71)
Income from continuing operations:53221121324889
Income before gain (loss) on sale of properties:53221121324889
Net income:53221121324889
Net loss attributable to noncontrolling interest(0)    
Net income available to common stockholders, diluted:53221121324889

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:53221121324889
Other comprehensive income (loss)2110(9)(30)54
Other undisclosed comprehensive loss (2)   
Comprehensive income:554219204218143
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)    
Other undisclosed comprehensive loss, net of tax, attributable to parent  (13)  
Comprehensive income, net of tax, attributable to parent:553219191218143

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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