Smithfield Foods Inc (SFD) Financial Statements (2025 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)
| 12/31/2024 | 12/31/2015 | 12/31/2014 | 4/30/2013 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 311 | |||||
| Cash and cash equivalent | 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 | ||||||
| Finance lease, right-of-use asset, after accumulated amortization | ✕ | ✕ | ✕ | |||
| Operating lease, right-of-use asset | ✕ | ✕ | ✕ | |||
| 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 | |||||
| Other noncurrent assets | ✕ | |||||
| 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 | |||||
| Restructuring reserve | ✕ | |||||
| 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, including: | 2,235 | 1,829 | ||||
| Long-term debt, excluding current maturities | 2,235 | 1,804 | ||||
| Capital lease obligations | ✕ | 25 | ||||
| Other undisclosed long-term debt and lease obligation | ||||||
| Liabilities, other than long-term debt | 432 | 575 | 1,236 | |||
| Pension and other postretirement defined benefit plans, liabilities | ✕ | ✕ | ✕ | 697 | ||
| Deferred tax liabilities, net | ✕ | 206 | ||||
| Deferred income tax liabilities | ✕ | ✕ | ✕ | |||
| Liability, pension and other postretirement and postemployment benefits | 432 | 575 | ✕ | |||
| Other liabilities | 334 | |||||
| Operating lease, liability | ✕ | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | (193) | |||||
| Total noncurrent liabilities: | 2,666 | 575 | 2,873 | |||
| Total liabilities: | 2,731 | 603 | 4,619 | |||
| Temporary equity, including noncontrolling interest | ||||||
| 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)
| 12/31/2024 | 12/31/2015 | 12/31/2014 | 4/30/2013 | ||
|---|---|---|---|---|---|
| Revenues | 14,438 | 15,031 | 13,221 | ||
| Revenue, net | ✕ | 14,438 | 15,031 | 13,221 | |
| Cost of revenue | (11,901) | ||||
| Cost of product and service sold | (11,901) | ||||
| Other undisclosed gross profit | (12,683) | (13,256) | |||
| Gross profit: | 1,755 | 1,776 | 1,320 | ||
| Operating expenses | (904) | ||||
| Other operating income, net | |||||
| Other undisclosed operating income (loss) | (962) | (844) | 103 | ||
| Operating income: | 794 | 932 | 519 | ||
| Nonoperating income | 1 | ||||
| Investment income, nonoperating | |||||
| 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 | ||||
| Other undisclosed loss from continuing operations before income taxes | |||||
| Income from continuing operations before income taxes: | 807 | 932 | 246 | ||
| Income tax expense | (46) | ||||
| Other undisclosed income from continuing operations | |||||
| Income from continuing operations: | 807 | 932 | 200 | ||
| Income before gain (loss) on sale of properties: | ✕ | 807 | 932 | 200 | |
| Income from discontinued operations | |||||
| Other undisclosed net loss | (16) | ||||
| Net income: | 807 | 932 | 184 | ||
| Net loss attributable to noncontrolling interest | |||||
| Other undisclosed net loss attributable to parent | (354) | (376) | (0) | ||
| Net income attributable to parent: | 452 | 556 | 184 | ||
| Preferred stock dividends and other adjustments | |||||
| Net income available to common stockholders, diluted: | 452 | 556 | 184 | ||
Comprehensive Income ($ in millions)
| 12/31/2024 | 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: | 814 | 1,015 | 79 | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | |||||
| 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.