Seneca Foods Corp. (SENEA) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
3736 SOUTH MAIN STREET MARION, NY 14505 |
| State of Incorp. | NY |
| Fiscal Year End | March 31 |
| Industry (SIC) | 2033 - Canned Fruits, Vegetables, Preserves, Jams, and Jellies (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2023 MRQ | 3/31/2023 | 12/31/2022 MRQ | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 12 | 13 | 11 | 60 | 11 | 11 | |||
| Cash and cash equivalents | 12 | 13 | 11 | 60 | 11 | 11 | |||
| Restricted cash and investments | |||||||||
| Receivables | 104 | 95 | 123 | 101 | 114 | 85 | |||
| Inventory, net of allowances, customer advances and progress billings | 671 | 780 | 410 | 343 | 412 | 502 | |||
| Inventory | 671 | 780 | 410 | 343 | 412 | 502 | |||
| Contract with customer, asset, after allowance for credit loss | 1 | 1 | 8 | ||||||
| Disposal group, including discontinued operation | 4 | 2 | 6 | ||||||
| Other current assets | 2 | 4 | 4 | 3 | 7 | 3 | |||
| Other undisclosed current assets | 9 | 0 | 2 | ||||||
| Total current assets: | 794 | 894 | 555 | 516 | 552 | 603 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 34 | 34 | 35 | 31 | 34 | ✕ | |||
| Operating lease, right-of-use asset | 23 | 26 | 34 | 42 | 61 | ✕ | |||
| Property, plant and equipment | 301 | 298 | 268 | 249 | 228 | 239 | |||
| Disposal group, including discontinued operation, noncurrent assets | 1 | 1 | 1 | ||||||
| Deferred income tax assets | 8 | ✕ | |||||||
| Other noncurrent assets | 1 | 2 | 2 | 8 | 26 | 3 | |||
| Other undisclosed noncurrent assets | 59 | 52 | 53 | 63 | 2 | ||||
| Total noncurrent assets: | 419 | 411 | 392 | 393 | 358 | 246 | |||
| TOTAL ASSETS: | 1,213 | 1,305 | 947 | 909 | 909 | 849 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 120 | 211 | 168 | 126 | 113 | 97 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 29 | 27 | 24 | 17 | ||
| Accounts payable | 69 | 156 | 88 | 74 | 71 | 61 | |||
| Accrued liabilities | 51 | 55 | 52 | 24 | 18 | 19 | |||
| Deferred revenue | 10 | 14 | 8 | 4 | 8 | ✕ | |||
| Debt | 26 | 21 | 26 | 28 | 28 | 7 | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 4 | ||
| Other undisclosed current liabilities | (29) | 1 | 4 | ||||||
| Total current liabilities: | 156 | 247 | 173 | 158 | 150 | 112 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 450 | 417 | 152 | 141 | 284 | 297 | |||
| Long-term debt, excluding current maturities | 433 | 400 | 110 | 94 | 217 | 266 | |||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 31 | ||
| Finance lease, liability | 17 | 17 | 20 | 19 | 24 | ✕ | |||
| Liabilities, other than long-term debt | 52 | 56 | 38 | 32 | 81 | 27 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 6 | ||
| Deferred income tax liabilities | 31 | 34 | 33 | 28 | ✕ | ||||
| Liability, pension and other postretirement and postemployment benefits | 76 | 17 | |||||||
| Other liabilities | 4 | 4 | 5 | 4 | 5 | 4 | |||
| Operating lease, liability | 17 | 17 | 23 | 28 | 43 | ✕ | |||
| Other undisclosed noncurrent liabilities | (5) | ||||||||
| Total noncurrent liabilities: | 502 | 473 | 190 | 173 | 365 | 319 | |||
| Total liabilities: | 658 | 720 | 363 | 332 | 515 | 431 | |||
| Equity | |||||||||
| Equity, attributable to parent | 555 | 585 | 584 | 578 | 394 | 417 | |||
| Preferred stock | 0 | 1 | 1 | 1 | 1 | 1 | |||
| Common stock | 3 | 3 | 3 | 3 | 3 | 3 | |||
| Treasury stock, value | (169) | (170) | (129) | (91) | (88) | (76) | |||
| Additional paid in capital | 99 | 99 | 99 | 99 | 98 | 98 | |||
| Accumulated other comprehensive loss | (20) | (26) | (26) | (19) | (79) | (18) | |||
| Retained earnings | 641 | 679 | 637 | 586 | 460 | 410 | |||
| Total equity: | 555 | 585 | 584 | 578 | 394 | 417 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,213 | 1,305 | 947 | 909 | 909 | 849 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2023 TTM | 3/31/2023 | 12/31/2022 TTM | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,509 | 1,401 | 1,385 | 1,468 | 1,336 | 1,200 | ||
| Cost of revenue | (1,407) | (1,313) | (1,239) | (1,235) | (1,194) | (1,165) | ||
| Cost of goods and services sold | (1,405) | (1,060) | (1,237) | (1,235) | (1,194) | (1,160) | ||
| Gross profit: | 102 | 88 | 147 | 232 | 142 | 34 | ||
| Operating expenses | (81) | (77) | (76) | (80) | (77) | (73) | ||
| Other operating income (expense), net | 2 | (33) | (1) | 29 | 13 | 7 | ||
| Other undisclosed operating income (loss) | (2) | 2 | 1 | (0) | (7) | (7) | ||
| Operating income (loss): | 21 | (20) | 70 | 181 | 71 | (38) | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 7 | 17 | 9 | (3) | 7 | 4 | ||
| Interest and debt expense | (14) | (9) | (6) | (6) | (12) | (15) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 14 | (12) | 74 | 171 | 66 | (49) | ||
| Loss from equity method investments | (7) | (8) | (11) | (0) | ||||
| Income (loss) from continuing operations before income taxes: | 14 | (19) | 66 | 160 | 66 | (49) | ||
| Income tax expense (benefit) | (5) | 1 | (15) | (34) | (14) | 13 | ||
| Income (loss) from continuing operations: | 9 | (18) | 51 | 126 | 51 | (36) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | (39) | 51 | 126 | 51 | (50) | |
| Loss from discontinued operations | (0) | (14) | ||||||
| Net income (loss): | 9 | (18) | 51 | 126 | 51 | (50) | ||
| Other undisclosed net income attributable to parent | 2 | 56 | ||||||
| Net income (loss) attributable to parent: | 9 | (18) | 51 | 126 | 52 | 6 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (0) | 0 | (0) | (0) | (0) | 0 | ||
| Other undisclosed net income available to common stockholders, basic | 0 | |||||||
| Net income (loss) available to common stockholders, basic: | 9 | (18) | 51 | 126 | 52 | 6 | ||
| Other undisclosed net loss available to common stockholders, diluted | (0) | (42) | ||||||
| Net income (loss) available to common stockholders, diluted: | 9 | (18) | 51 | 126 | 52 | (36) | ||
Comprehensive Income ($ in millions)
| 12/31/2023 TTM | 3/31/2023 | 12/31/2022 TTM | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 9 | (18) | 51 | 126 | 51 | (50) | ||
| Other comprehensive income (loss) | 2 | (7) | 60 | (61) | 7 | |||
| Other undisclosed comprehensive loss | (7) | |||||||
| Comprehensive income (loss): | 11 | (25) | 44 | 186 | (10) | (43) | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 4 | 2 | 56 | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 15 | (25) | 44 | 186 | (9) | 13 | ||
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.