Pilgrim's Pride Corporation (PPC) financial statements (2021 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)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 768507511261598
Cash and cash equivalents 768507511261598
Restricted cash and investments 1727252027
Receivables 706695754741602
Inventory, net of allowances, customer advances and progress billings 1,3291,3471,3621,3841,261
Inventory 1,3291,3471,3621,3841,261
Other undisclosed current assets 238227207193125
Total current assets: 3,0582,8032,8602,5982,614
Noncurrent Assets
Finance lease, right-of-use asset 222  
Operating lease, right-of-use asset 285283287302300
Property, plant and equipment 2,5862,5492,563 2,211
Intangible assets, net (including goodwill) 1,5221,4881,5031,5701,458
Goodwill 955930935974925
Intangible assets, net (excluding goodwill) 567558568596534
Deferred income tax assets    44
Other noncurrent assets 1530353615
Other undisclosed noncurrent assets 2222,592 
Total noncurrent assets: 4,4124,3544,3924,5043,990
TOTAL ASSETS: 7,4697,1577,2527,1026,603
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 1,6701,4601,4881,6151,385
Accounts payable 916884916994846
Employee-related liabilities 158136133165164
Taxes payable 56414442 
Interest and dividends payable 2830293129
Other undisclosed accounts payable and accrued liabilities 513368366383346
Debt 2526262627
Other undisclosed current liabilities  02726
Total current liabilities: 1,6951,4851,5161,6481,438
Noncurrent Liabilities
Long-term debt and lease obligation, including: 2,6112,6162,621237231
Finance lease, liability    2 
Operating lease, liability 216214220235231
Other undisclosed long-term debt and lease obligation 2,3952,4022,401  
Liabilities, other than long-term debt 508459411399324
Accounts payable and accrued liabilities     8
Deferred income tax liabilities 339310309302235
Other liabilities 1691491019781
Other undisclosed noncurrent liabilities 2242222282,2822,280
Total noncurrent liabilities: 3,3433,2973,2592,9182,835
Total liabilities: 5,0384,7824,7754,5664,273
Stockholders' equity
Stockholders' equity attributable to parent 2,4212,3642,4662,5262,320
Common stock 33333
Treasury stock, value (343)(313)(263)(235)(235)
Additional paid in capital 1,9541,9591,9561,9551,952
Accumulated other comprehensive loss (166)(223)(175)(75)(186)
Retained earnings 972939945878786
Stockholders' equity attributable to noncontrolling interest 1010111010
Total stockholders' equity: 2,4312,3742,4762,5362,330
TOTAL LIABILITIES AND EQUITY: 7,4697,1577,2527,1026,603

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
Revenues(8,974)3,0752,8243,0753,0632,778
Cost of revenue
(Cost of Goods and Services Sold)
 (2,761)(2,704)(2,898)(2,862)(2,496)
Gross profit: 314120177201282
Operating expenses (220)(93)(93)(116)(94)
Operating income: 94278486188
Nonoperating income (expense) (8)(4)54590
Investment income, nonoperating 212605
Foreign currency transaction gain (loss), before tax (9)(6)181(3)
Other nonoperating income (expense) (0)034(2)(1)
Interest and debt expense (31)(32)(33)(33)(32)
Income (loss) from continuing operations before income taxes: 56(9)106111156
Income tax expense (benefit) (22)3(39)(19)(46)
Net income (loss): 34(6)6792110
Net income (loss) attributable to noncontrolling interest (0)0(0)(0)(0)
Net income (loss) available to common stockholders, diluted: 33(6)6792110

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
Net income (loss): 34(6)6792110
Other comprehensive income (loss) 58(49)(100)111(55)
Comprehensive income (loss): 92(55)(32)20355
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (0)0(0)(0)(0)
Comprehensive income (loss), net of tax, attributable to parent: 91(55)(33)20354

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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