Pinnacle Foods Inc (PF) financial statements (2021 and earlier)

Company profile

Business Address 399 JEFFERSON ROAD
PARSIPPANY, NJ 07054
State of Incorp. DE
Fiscal Year End December 31
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
Q2
3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
12/31/2016
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8078250131131141353
Cash and cash equivalents8078250131131141353
Receivables264301282300278301290
Inventory, net of allowances, customer advances and progress billings508477490544478454445
Inventory508477490544478454445
Deferred costs      26
Other current assets16171116231511
Other undisclosed current assets      26
Total current assets:8698741,0329919109121,151
Noncurrent Assets
Property, plant and equipment754740740694694721723
Intangible assets, net (including goodwill)4,6384,6404,6414,6324,6664,6934,693
Goodwill2,1752,1762,1782,1682,1642,1642,163
Intangible assets, net (excluding goodwill)2,4632,4632,4632,4632,5022,5302,530
Other noncurrent assets174169165160160169173
Total noncurrent assets:5,5675,5495,5465,4865,5205,5845,589
TOTAL ASSETS:6,4356,4236,5786,4776,4306,4966,740
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities489498486487458478494
Accounts payable329328323330312308292
Accrued liabilities120129122117110134167
Interest and dividends payable40414040353635
Debt56553736383926
Other undisclosed current liabilities32413928334651
Total current liabilities:577594561551529563572
Noncurrent Liabilities
Long-term debt and lease obligation2,7042,7042,9262,9362,9412,9443,140
Long-term debt, excluding current maturities2,7042,7042,9262,9362,9412,9443,140
Liabilities, other than long-term debt7986878791891,079
Deferred tax liabilities, net      975
Liability, pension and other postretirement and postemployment benefits50525354555556
Other liabilities29343433373448
Other undisclosed noncurrent liabilities644633624935924937 
Total noncurrent liabilities:3,4273,4233,6373,9593,9563,9704,219
Total liabilities:4,0044,0174,1984,5104,4854,5334,791
Stockholders' equity
Stockholders' equity attributable to parent2,4302,4052,3791,9661,9441,9621,948
Common stock1111111
Treasury stock, value(32)(32)(32)(32)(32)(32)(32)
Additional paid in capital1,4571,4531,4531,4481,4391,4391,429
Accumulated other comprehensive loss(24)(27)(30)(33)(39)(36)(52)
Retained earnings1,0281,010987582575590601
Stockholders' equity attributable to noncontrolling interest1111111
Total stockholders' equity:2,4322,4062,3801,9681,9451,9631,949
TOTAL LIABILITIES AND EQUITY:6,4356,4236,5786,4776,4306,4966,740

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

6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
12/31/2016
Q4
Revenues742779884750745766858
Revenue, net779884750745766858
Cost of revenue
(Cost of Goods and Services Sold)
(530)(572)(610)(531)(580)(555)(591)
Gross profit:211206273219164211268
Operating expenses  (74)(125)(120)(100)(94)
Operating income:2112061999444111173
Nonoperating income10411600000
Investment income, nonoperating  00000
Interest and debt expense(30)(42)(31)(29)(29)(81)(36)
Other undisclosed loss from continuing operations before equity method investments, income taxes(211)(206)     
Income from continuing operations before income taxes:7474168651630138
Income tax expense (benefit)(18)(17)276(18)3(7)(50)
Net income:565744447192388
Net income (loss) attributable to noncontrolling interest0   0(0) 
Net income available to common stockholders, diluted:565744447192388

Comprehensive Income ($ in millions)

6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
12/31/2016
Q4
Net income:565744447192388
Other comprehensive income (loss)4836(3)1513
Other undisclosed comprehensive loss      (2)
Comprehensive income:606544752163899
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0   0(0) 
Comprehensive income, net of tax, attributable to parent:606544752163899

Statements sources

The financial statements are based on the company's filings with the 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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