Pilgrim's Pride Corporation (PPC) financial statements (2020 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments598338582120440576605
Cash and cash equivalents598338582120440576508
Short-term investments      97
Restricted cash and investments272385   
Receivables602562565317349379377
Inventory, net of allowances, customer advances and progress billings1,2611,1601,255813801790809
Inventory1,2611,1601,255813801790809
Disposal group, including discontinued operation 01571 
Assets held-for-sale7
Deferred tax assets    272
Other current assets     140 
Other undisclosed current assets12515210661150(29)129
Total current assets:2,6142,2352,5161,3221,7461,8851,929
Noncurrent Assets
Operating lease, right-of-use asset300
Property, plant and equipment2,2112,1622,0951,5061,3531,1831,152
Intangible assets, net (including goodwill)1,4581,5141,6191642042733
Goodwill9259501,002126157  
Intangible assets, net (excluding goodwill)53456461739472733
Deferred income tax assets4
Other noncurrent assets15171816162440
Other undisclosed noncurrent assets 4    19
Total noncurrent assets:3,9903,6973,7321,6861,5721,2341,243
TOTAL ASSETS:6,6035,9316,2493,0083,3183,1193,172
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,3851,2581,183847805716658
Accounts payable846830762555483399370
Accrued liabilities     312283
Employee-related liabilities164150182110 123101
Interest and dividends payable2934309 1 
Other undisclosed accounts payable and accrued liabilities346244209173322(119)(97)
Debt273048000410
Due to related parties     5 
Deferred tax liabilities    2516
Other undisclosed current liabilities2682222142(2) 
Total current liabilities:1,4381,2961,4538688477451,083
Noncurrent Liabilities
Long-term debt and lease obligation2312,3222,6621,0129864502
Long-term debt, excluding current maturities 2,3222,6621,0129864502
Operating lease, liability231
Liabilities, other than long-term debt32475968922417394
Accounts payable and accrued liabilities8      
Deferred tax liabilities, net   1327614
Deferred income tax liabilities235
Other liabilities81759689929780
Other undisclosed noncurrent liabilities2,280218183143   
Total noncurrent liabilities:2,8352,6152,9401,2431,210177596
Total liabilities:4,2733,9124,3932,1112,0579221,680
Stockholders' equity
Stockholders' equity attributable to parent2,3202,0101,8468871,2592,1941,490
Common stock3333333
Treasury stock, value(235)(232)(232)(217)(99)  
Additional paid in capital1,9521,9451,9331,6871,6761,6621,653
Accumulated other comprehensive loss(186)(128)(31)(64)(59)(63)(46)
Retained earnings (accumulated deficit)786422174(521)(261)591(120)
Stockholders' equity attributable to noncontrolling interest1010109333
Total stockholders' equity:2,3302,0201,8568971,2622,1971,493
TOTAL LIABILITIES AND EQUITY:6,6035,9316,2493,0083,3183,1193,172

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues11,00310,93810,7687,9318,1808,5838,411
Revenue, net10,7687,9318,1808,5838,411
Cost of revenue
(Cost of Goods and Services Sold)
(10,022)(10,094)(9,296)(7,017)(6,926)(7,189)(7,566)
Gross profit:9818431,4729141,2541,394845
Operating expenses(352)(348)(399)(201)(204)(197)(197)
Other undisclosed operating income (loss)    (6)610
Operating income:6284961,0727141,0451,203659
Nonoperating income (expense)(15)(1)175(15)(18)(2)
Investment income, nonoperating15148246(2)
Foreign currency transaction gain (loss), before tax(28)(17)3(4)(26)(28)4
Other nonoperating income (expense)(2)37785(4)
Interest and debt expense(136)(163)(107)(46)(38)(82)(87)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes     (1)4
Income from continuing operations before equity method investments, income taxes:4773329826739931,102574
Other undisclosed loss from continuing operations before income taxes     (1,102)(575)
Income (loss) from continuing operations before income taxes:4773329826739931(1)
Income tax expense(121)(85)(264)(233)(347)(391)(24)
Income (loss) before gain (loss) on sale of properties:356247718440646(390)(25)
Other undisclosed net income     1,102575
Net income:356247718440646711550
Net income (loss) attributable to noncontrolling interest01(0)1(0)0(0)
Other undisclosed net loss attributable to parent  (23)    
Net income available to common stockholders, diluted:357248695441646712550

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:356247718440646711550
Other comprehensive income (loss)(102)(97)96(5)4(17)23
Comprehensive income:254150814434650695572
Comprehensive income (loss), net of tax, attributable to noncontrolling interest01(0)1(0)00
Other undisclosed comprehensive loss, net of tax, attributable to parent  (88)   (0)
Comprehensive income, net of tax, attributable to parent:254151726435650695572

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: