Pinnacle Foods Inc (PF) Financial Statements (2024 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)

6/30/2018
MRQ
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 25035318138117
Cash and cash equivalents 25035318138117
Receivables 282290220198165
Inventory, net of allowances, customer advances and progress billings 490445403356362
Inventory 490445403356362
Prepaid expense    86
Deferred costs  26   
Other current assets 11111488
Assets held-for-sale2
Other undisclosed current assets  2641106133
Total current assets: 1,0321,151858716792
Noncurrent Assets
Property, plant and equipment 740723631606523
Intangible assets, net (including goodwill) 4,6414,6933,7153,8451,754
Goodwill 2,1782,1631,7141,7201,628
Intangible assets, net (excluding goodwill) 2,4632,5302,0012,125126
Other noncurrent assets 165173136158186
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 liabilities 486494342398302
Interest and dividends payable 40353140 
Employee-related liabilities    5260
Accounts payable 323292211199142
Accrued liabilities 122167101106100
Debt 3726171427
Derivative instruments and hedges, liabilities    101
Other undisclosed current liabilities 395146(39)2
Total current liabilities: 561572406383331
Noncurrent Liabilities
Long-term debt and lease obligation 2,9263,1402,2732,2862,476
Long-term debt, excluding current maturities 2,9263,1402,2732,2862,476
Liabilities, other than long-term debt 871,079856881678
Pension and other postretirement defined benefit plans, liabilities50
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 benefits 53566362
Due to related parties    47 
Other liabilities 3448553425
Derivative instruments and hedges, liabilities    61
Other undisclosed noncurrent liabilities 624  (64)(2)
Total noncurrent liabilities: 3,6374,2193,1293,1043,152
Total liabilities: 4,1984,7913,5353,4873,483
Equity
Equity, attributable to parent 2,3791,9481,8061,7141,598
Common stock 11111
Treasury stock, value (32)(32)(32)(32) 
Additional paid in capital 1,4531,4291,3791,3631,329
Accumulated other comprehensive loss (30)(52)(59)(38)(7)
Retained earnings 987601517420276
Equity, attributable to noncontrolling interest 11   
Total equity: 2,3801,9491,8061,7141,598
TOTAL LIABILITIES AND EQUITY: 6,5786,7405,3405,2015,081

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

6/30/2018
TTM
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, nonoperating 00021
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)

6/30/2018
TTM
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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