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
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 investments119261 11519567
Cash and cash equivalents119261 11519567
Receivables8297469826807882
Inventory, net of allowances, customer advances and progress billings2,2122,204 2,2522,1102,115
Inventory2,2122,204 2,2522,1102,115
Other undisclosed current assets117120 226246156
Total current assets:3,2773,33193,4193,3583,220
Noncurrent Assets
Property, plant and equipment2,9192,908302,8302,7832,737
Long-term investments and receivables140137143140146447
Long-term investments140137143140146447
Intangible assets, net (including goodwill)2,9822,9922,9852,9942,9972,997
Goodwill1,6191,6231,6201,6231,6231,622
Intangible assets, net (excluding goodwill)1,3621,3691,3661,3711,3741,375
Regulated entity, other noncurrent assets   111213 
Other noncurrent assets147134 118117122
Defined benefit plan, assets for plan benefits   1   
Other undisclosed noncurrent assets    (12)(13) 
Total noncurrent assets:6,1876,1723,1706,0826,0446,303
Other undisclosed assets   6,715   
TOTAL ASSETS:9,4649,5029,8949,5019,4019,523
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,2161,122301,1931,1481,062
Employee-related liabilities   30   
Accounts payable379380 495417399
Accrued liabilities837743 698731663
Debt517502922934
Due to related parties   5   
Total current liabilities:1,7331,172651,2151,1571,095
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,8072,2762,2352,2762,2832,405
Long-term debt, excluding current maturities   2,235   
Other undisclosed long-term debt and lease obligation1,8072,276 2,2762,2832,405
Liabilities, other than long-term debt1,1001,0804321,1911,1881,388
Liability, pension and other postretirement and postemployment benefits   432306300 
Other liabilities1,1001,080 8868881,388
Total noncurrent liabilities:2,9073,3562,6663,4683,4703,793
Total liabilities:4,6404,5282,7314,6824,6274,888
Temporary equity, carrying amount5956 535451
Equity
Equity, attributable to parent4,7654,918(20)4,7654,7194,583
Additional paid in capital4,1874,187 4,1824,1784,173
Accumulated other comprehensive loss(358)(330)(20)(262)(221)(278)
Retained earnings9361,061 845762688
Equity, attributable to noncontrolling interest11 000
Total equity:4,7664,919(20)4,7664,7204,583
TOTAL LIABILITIES AND EQUITY:9,4649,5022,7109,5019,4019,523

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
Revenues4,0573,8012,2453,9664,0474,180
Revenue, net3,4933,306 3,4063,4873,617
Cost of revenue
(Cost of Goods and Services Sold)
(3,036)(2,894) (3,021)(3,068)(3,210)
Other undisclosed gross profit(564)(494)(1,699)(560)(561)(564)
Gross profit:457412546385419406
Operating expenses(228)(208)693(238)(233)(222)
Other undisclosed operating income (loss)86(973)704
Operating income:237210266154186188
Nonoperating income (expense)
(Investment Income, Nonoperating)
     1(13)
Interest and debt expense(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:204178376121155154
Income from equity method investments    704
Other undisclosed loss from continuing operations before income taxes   (11)   
Income from continuing operations before income taxes:204178365129156158
Income tax expense(67)(57) (38)(51)(44)
Other undisclosed income from continuing operations   133   
Income from continuing operations:13812149890104114
Income before gain (loss) on sale of properties:13812149890104114
Net income:13812149890104114
Other undisclosed net loss attributable to parent   (330)(7)(0)(17)
Net income available to common stockholders, diluted:1381211688310497

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:13812149890104114
Other comprehensive income (loss)(10)6520(78)112(47)
Comprehensive income:1281865181221767
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(19)(17)5529(55)(29)
Comprehensive income, net of tax, attributable to parent:1101695734116138

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.

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