Smithfield Foods Inc (SFD) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
200 COMMERCE STREET SMITHFIELD, VA 23430 |
| State of Incorp. | VA |
| Fiscal Year End | December 31 |
| Industry (SIC) | 2011 - Meat Packing Plants (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 9/30/2016 MRQ | 12/31/2015 | 12/31/2014 | 4/30/2013 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 311 | |||||
| Cash and cash equivalents | 311 | |||||
| Receivables | 9 | 3 | 669 | |||
| Inventory, net of allowances, customer advances and progress billings | 2,348 | |||||
| Inventory | 2,348 | |||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | 230 | ||
| Income taxes receivable | ✕ | ✕ | ✕ | 79 | ||
| Deferred tax assets | 20 | |||||
| Other undisclosed current assets | (105) | |||||
| Total current assets: | 9 | 3 | 3,552 | |||
| Noncurrent Assets | ||||||
| Property, plant and equipment | 30 | 2,298 | ||||
| Long-term investments and receivables | 143 | 532 | ||||
| Long-term investments | 143 | 532 | ||||
| Intangible assets, net (including goodwill) | 2,985 | 1,632 | 1,173 | |||
| Goodwill | 1,620 | 1,632 | 782 | |||
| Intangible assets, net (excluding goodwill) | 1,366 | 390 | ||||
| Regulated entity, other noncurrent assets | 11 | |||||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | 161 | ||
| Defined benefit plan, assets for plan benefits | 1 | 0 | ||||
| Total noncurrent assets: | 3,170 | 1,632 | 4,165 | |||
| Other undisclosed assets | 6,715 | 8,513 | ||||
| TOTAL ASSETS: | 9,894 | 10,148 | 7,716 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 30 | 27 | 1,317 | |||
| Employee-related liabilities | 30 | 27 | 247 | |||
| Accounts payable | 429 | |||||
| Accrued liabilities | 641 | |||||
| Debt | 29 | 676 | ||||
| Derivative instruments and hedges, liabilities | 71 | |||||
| Due to related parties | 5 | 1 | 9 | |||
| Other undisclosed current liabilities | (327) | |||||
| Total current liabilities: | 65 | 28 | 1,746 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 2,235 | 1,829 | ||||
| Long-term debt, excluding current maturities | 2,235 | 1,804 | ||||
| Capital lease obligations | 25 | |||||
| Liabilities, other than long-term debt | 432 | 575 | 1,236 | |||
| Pension and other postretirement defined benefit plans, liabilities | ✕ | ✕ | ✕ | 697 | ||
| Deferred tax liabilities, net | 206 | |||||
| Liability, pension and other postretirement and postemployment benefits | 432 | 575 | ✕ | |||
| Other liabilities | 334 | |||||
| Other undisclosed noncurrent liabilities | (193) | |||||
| Total noncurrent liabilities: | 2,666 | 575 | 2,873 | |||
| Total liabilities: | 2,731 | 603 | 4,619 | |||
| Equity | ||||||
| Equity, attributable to parent, including: | (20) | 26 | 3,097 | |||
| Common stock | 70 | |||||
| Additional paid in capital | 1,390 | |||||
| Accumulated other comprehensive income (loss) | (20) | 26 | (616) | |||
| Retained earnings | 2,323 | |||||
| Other undisclosed equity, attributable to parent | (69) | |||||
| Equity, attributable to noncontrolling interest | 1 | |||||
| Total equity: | (20) | 26 | 3,098 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,710 | 629 | 7,716 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2016 TTM | 12/31/2015 | 12/31/2014 | 4/30/2013 | ||
|---|---|---|---|---|---|
| Revenues (Revenue, Net) | 14,438 | 15,031 | 13,221 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (11,901) | ||||
| Other undisclosed gross profit | (12,683) | (13,256) | |||
| Gross profit: | 1,755 | 1,776 | 1,320 | ||
| Operating expenses | (904) | ||||
| Other undisclosed operating income (loss) | (962) | (844) | 103 | ||
| Operating income: | 794 | 932 | 519 | ||
| Nonoperating income (expense) (gain, Foreign Currency Transaction, before Tax) | 1 | ||||
| Interest and debt expense | 13 | (289) | |||
| Income from continuing operations before equity method investments, income taxes: | 807 | 932 | 231 | ||
| Income from equity method investments | 15 | ||||
| Income from continuing operations before income taxes: | 807 | 932 | 246 | ||
| Income tax expense | (46) | ||||
| Income from continuing operations: | 807 | 932 | 200 | ||
| Income before gain (loss) on sale of properties: | 807 | 932 | 200 | ||
| Other undisclosed net loss | (16) | ||||
| Net income: | 807 | 932 | 184 | ||
| Other undisclosed net loss attributable to parent | (354) | (376) | (0) | ||
| Net income available to common stockholders, diluted: | 452 | 556 | 184 | ||
Comprehensive Income ($ in millions)
| 9/30/2016 TTM | 12/31/2015 | 12/31/2014 | 4/30/2013 | ||
|---|---|---|---|---|---|
| Net income: | 807 | 932 | 184 | ||
| Other comprehensive income (loss) | 7 | 83 | (105) | ||
| Other undisclosed comprehensive loss | (0) | ||||
| Comprehensive income, net of tax, attributable to parent: | 814 | 1,015 | 79 | ||
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.