Smithfield Foods Inc (SFD) financial statements (2022 and earlier)

Company profile

Business Address 200 COMMERCE STREET
SMITHFIELD, VA 23430
State of Incorp. VA
Fiscal Year End December 31
SIC 2011 - Meat Packing Plants (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments278119261 11519567
Cash and cash equivalents278119261 11519567
Receivables8528297469826807882
Inventory, net of allowances, customer advances and progress billings2,3152,2122,204 2,2522,1102,115
Inventory2,3152,2122,204 2,2522,1102,115
Other undisclosed current assets121117120 226246156
Total current assets:3,5653,2773,33193,4193,3583,220
Noncurrent Assets
Property, plant and equipment2,9522,9192,908302,8302,7832,737
Long-term investments and receivables142140137143140146447
Long-term investments142140137143140146447
Intangible assets, net (including goodwill)2,9852,9822,9922,9852,9942,9972,997
Goodwill1,6221,6191,6231,6201,6231,6231,622
Intangible assets, net (excluding goodwill)1,3641,3621,3691,3661,3711,3741,375
Regulated entity, other noncurrent assets   111213 
Other noncurrent assets171147134 118117122
Defined benefit plan, assets for plan benefits   1   
Other undisclosed noncurrent assets    (12)(13) 
Total noncurrent assets:6,2516,1876,1723,1706,0826,0446,303
Other undisclosed assets   6,715   
TOTAL ASSETS:9,8179,4649,5029,8949,5019,4019,523
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,3601,2161,122301,1931,1481,062
Accounts payable520379380 495417399
Accrued liabilities841837743 698731663
Employee-related liabilities   30   
Debt769517502922934
Due to related parties   5   
Total current liabilities:2,1291,7331,172651,2151,1571,095
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,5581,8072,2762,2352,2762,2832,405
Long-term debt, excluding current maturities   2,235   
Other undisclosed long-term debt and lease obligation1,5581,8072,276 2,2762,2832,405
Liabilities, other than long-term debt1,1171,1001,0804321,1911,1881,388
Liability, pension and other postretirement and postemployment benefits   432306300 
Other liabilities1,1171,1001,080 8868881,388
Total noncurrent liabilities:2,6752,9073,3562,6663,4683,4703,793
Total liabilities:4,8044,6404,5282,7314,6824,6274,888
Temporary equity, carrying amount595956 535451
Stockholders' equity
Stockholders' equity attributable to parent4,9534,7654,918(20)4,7654,7194,583
Additional paid in capital4,1894,1874,187 4,1824,1784,173
Accumulated other comprehensive loss(276)(358)(330)(20)(262)(221)(278)
Retained earnings1,0409361,061 845762688
Stockholders' equity attributable to noncontrolling interest111 000
Total stockholders' equity:4,9544,7664,919(20)4,7664,7204,583
TOTAL LIABILITIES AND EQUITY:9,8179,4649,5022,7109,5019,4019,523

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

9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
Revenues4,0684,0573,8012,2453,9664,0474,180
Revenue, net3,5393,4933,306 3,4063,4873,617
Cost of revenue
(Cost of Goods and Services Sold)
(3,066)(3,036)(2,894) (3,021)(3,068)(3,210)
Other undisclosed gross profit(529)(564)(494)(1,699)(560)(561)(564)
Gross profit:473457412546385419406
Operating expenses(234)(228)(208)693(238)(233)(222)
Other undisclosed operating income (loss)886(973)704
Operating income:246237210266154186188
Nonoperating income (expense)
(Investment Income, Nonoperating)
     1(13)
Interest and debt expense(32)(33)(32)99(32)(32)(22)
Other undisclosed income from continuing operations before equity method investments, income taxes   12   
Income from continuing operations before equity method investments, income taxes:214204178376121155154
Income from equity method investments    704
Other undisclosed loss from continuing operations before income taxes   (11)   
Income from continuing operations before income taxes:214204178365129156158
Income tax expense(71)(67)(57) (38)(51)(44)
Other undisclosed income from continuing operations   133   
Net income:14413812149890104114
Other undisclosed net loss attributable to parent   (330)(7)(0)(17)
Net income available to common stockholders, diluted:1441381211688310497

Comprehensive Income ($ in millions)

9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
Net income:14413812149890104114
Other comprehensive income (loss)163(10)6520(78)112(47)
Comprehensive income:3061281865181221767
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(80)(19)(17)5529(55)(29)
Comprehensive income, net of tax, attributable to parent:2261101695734116138

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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