Pilgrim's Pride Corporation (PPC) Financial Statements (2024 and earlier)

Company Profile

Business Address 1770 PROMONTORY CIRCLE
GREELEY, CO 80634
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 2015 - Poultry Slaughtering and Processing (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
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 investments401428548261338582
Cash and cash equivalents401428548261338582
Restricted cash and investments3422120238
Receivables1,0971,013742741562565
Inventory, net of allowances, customer advances and progress billings1,9901,5761,3591,3841,1601,255
Inventory1,9901,5761,3591,3841,1601,255
Disposal group, including discontinued operation     01
Other undisclosed current assets369267254193152106
Total current assets:3,8923,3062,9032,5982,2352,516
Noncurrent Assets
Operating lease, right-of-use asset306351289302
Property, plant and equipment2,9412,9182,657 2,1622,095
Intangible assets, net (including goodwill)2,0742,3001,5951,5701,5141,619
Goodwill1,2281,3371,0059749501,002
Intangible assets, net (excluding goodwill)846963590596564617
Deferred income tax assets2554
Other noncurrent assets423225361718
Other undisclosed noncurrent assets    2,5924 
Total noncurrent assets:5,3645,6074,5724,5043,6973,732
TOTAL ASSETS:9,2568,9137,4747,1025,9316,249
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,4852,2831,9121,6151,2581,183
Interest and dividends payable3230313430
Taxes payable686842  
Employee-related liabilities224190165150182
Accounts payable 1,5881,3781,029994830762
Accrued liabilities851     
Other undisclosed accounts payable and accrued liabilities47580596383244209
Debt262625263048
Other undisclosed current liabilities5882 78222
Total current liabilities:2,5702,3911,9381,6481,2961,453
Noncurrent Liabilities
Long-term debt and lease obligation32752192372,3222,662
Long-term debt, excluding current maturities     2,3222,662
Finance lease, liability 3412
Other undisclosed long-term debt and lease obligation      
Liabilities, other than long-term debt6664714893997596
Deferred income tax liabilities364369340302
Other liabilities71102149977596
Operating lease, liability231271217235
Other undisclosed noncurrent liabilities 3,1643,1882,2542,282218183
Total noncurrent liabilities:3,8323,9332,9622,9182,6152,940
Total liabilities:6,4026,3244,8994,5663,9124,393
Equity
Equity, attributable to parent2,8412,5772,5642,5262,0101,846
Common stock333333
Treasury stock, value(545)(345)(345)(235)(232)(232)
Additional paid in capital1,9701,9641,9541,9551,9451,933
Accumulated other comprehensive loss(336)(48)(21)(75)(128)(31)
Retained earnings1,7491,004973878422174
Equity, attributable to noncontrolling interest121212101010
Total equity:2,8532,5892,5752,5362,0201,856
TOTAL LIABILITIES AND EQUITY:9,2568,9137,4747,1025,9316,249

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues17,46814,77712,09211,40910,93810,768
Revenue, net10,768
Cost of revenue
(Cost of Goods and Services Sold)
(15,657)(13,412)(11,254)(10,339)(10,094)(9,296)
Gross profit:1,8121,3668381,0708431,472
Operating expenses(605)(1,155)(593)(380)(348)(399)
Other undisclosed operating loss(30)     
Operating income:1,1772112456914961,072
Nonoperating income (expense)2274260(1)17
Investment income, nonoperating96471148
Gain (loss), foreign currency transaction, before tax(31)9(1)(7)(17)3
Other nonoperating income (expense)231240(5)37
Interest and debt expense(153)(146)(126)(133)(163)(107)
Income from continuing operations before equity method investments, income taxes:1,02592162618332982
Loss from equity method investments   (0)   
Income from continuing operations before income taxes:1,02592162618332982
Income tax expense(279)(61)(67)(161)(85)(264)
Income from continuing operations:7473195457247718
Income before gain (loss) on sale of properties:3195457247718
Other undisclosed net income   0   
Net income:7473195457247718
Net income (loss) attributable to noncontrolling interest(1)(0)(0)(1)1(0)
Other undisclosed net loss attributable to parent      (23)
Net income available to common stockholders, diluted:7463195456248695

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:7473195457247718
Other comprehensive income (loss)(288)(27)5553(97)96
Comprehensive income:4584150509150814
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)(0)(0)(1)1(0)
Other undisclosed comprehensive loss, net of tax, attributable to parent      (88)
Comprehensive income, net of tax, attributable to parent:4574149509151726

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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