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)Annual | Quarterly
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 investments | 119 | 261 | 115 | 195 | 67 | ||||
Cash and cash equivalents | 119 | 261 | 115 | 195 | 67 | ||||
Receivables | 829 | 746 | 9 | 826 | 807 | 882 | |||
Inventory, net of allowances, customer advances and progress billings | 2,212 | 2,204 | 2,252 | 2,110 | 2,115 | ||||
Inventory | 2,212 | 2,204 | 2,252 | 2,110 | 2,115 | ||||
Other undisclosed current assets | 117 | 120 | 226 | 246 | 156 | ||||
Total current assets: | 3,277 | 3,331 | 9 | 3,419 | 3,358 | 3,220 | |||
Noncurrent Assets | |||||||||
Property, plant and equipment | 2,919 | 2,908 | 30 | 2,830 | 2,783 | 2,737 | |||
Long-term investments and receivables | 140 | 137 | 143 | 140 | 146 | 447 | |||
Long-term investments | 140 | 137 | 143 | 140 | 146 | 447 | |||
Intangible assets, net (including goodwill) | 2,982 | 2,992 | 2,985 | 2,994 | 2,997 | 2,997 | |||
Goodwill | 1,619 | 1,623 | 1,620 | 1,623 | 1,623 | 1,622 | |||
Intangible assets, net (excluding goodwill) | 1,362 | 1,369 | 1,366 | 1,371 | 1,374 | 1,375 | |||
Regulated entity, other noncurrent assets | 11 | 12 | 13 | ||||||
Other noncurrent assets | 147 | 134 | 118 | 117 | 122 | ||||
Defined benefit plan, assets for plan benefits | 1 | ||||||||
Other undisclosed noncurrent assets | (12) | (13) | |||||||
Total noncurrent assets: | 6,187 | 6,172 | 3,170 | 6,082 | 6,044 | 6,303 | |||
Other undisclosed assets | 6,715 | ||||||||
TOTAL ASSETS: | 9,464 | 9,502 | 9,894 | 9,501 | 9,401 | 9,523 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 1,216 | 1,122 | 30 | 1,193 | 1,148 | 1,062 | |||
Employee-related liabilities | 30 | ||||||||
Accounts payable | 379 | 380 | 495 | 417 | 399 | ||||
Accrued liabilities | 837 | 743 | 698 | 731 | 663 | ||||
Debt | 517 | 50 | 29 | 22 | 9 | 34 | |||
Due to related parties | 5 | ||||||||
Total current liabilities: | 1,733 | 1,172 | 65 | 1,215 | 1,157 | 1,095 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation, including: | 1,807 | 2,276 | 2,235 | 2,276 | 2,283 | 2,405 | |||
Long-term debt, excluding current maturities | 2,235 | ||||||||
Other undisclosed long-term debt and lease obligation | 1,807 | 2,276 | 2,276 | 2,283 | 2,405 | ||||
Liabilities, other than long-term debt | 1,100 | 1,080 | 432 | 1,191 | 1,188 | 1,388 | |||
Liability, pension and other postretirement and postemployment benefits | 432 | 306 | 300 | ||||||
Other liabilities | 1,100 | 1,080 | 886 | 888 | 1,388 | ||||
Total noncurrent liabilities: | 2,907 | 3,356 | 2,666 | 3,468 | 3,470 | 3,793 | |||
Total liabilities: | 4,640 | 4,528 | 2,731 | 4,682 | 4,627 | 4,888 | |||
Temporary equity, carrying amount | 59 | 56 | 53 | 54 | 51 | ||||
Equity | |||||||||
Equity, attributable to parent | 4,765 | 4,918 | (20) | 4,765 | 4,719 | 4,583 | |||
Additional paid in capital | 4,187 | 4,187 | 4,182 | 4,178 | 4,173 | ||||
Accumulated other comprehensive loss | (358) | (330) | (20) | (262) | (221) | (278) | |||
Retained earnings | 936 | 1,061 | 845 | 762 | 688 | ||||
Equity, attributable to noncontrolling interest | 1 | 1 | 0 | 0 | 0 | ||||
Total equity: | 4,766 | 4,919 | (20) | 4,766 | 4,720 | 4,583 | |||
TOTAL LIABILITIES AND EQUITY: | 9,464 | 9,502 | 2,710 | 9,501 | 9,401 | 9,523 |
Income Statement (P&L) ($ in millions)Annual | Quarterly
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 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 4,057 | 3,801 | 2,245 | 3,966 | 4,047 | 4,180 | ||
Revenue, net | 3,493 | 3,306 | 3,406 | 3,487 | 3,617 | |||
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: | 457 | 412 | 546 | 385 | 419 | 406 | ||
Operating expenses | (228) | (208) | 693 | (238) | (233) | (222) | ||
Other undisclosed operating income (loss) | 8 | 6 | (973) | 7 | 0 | 4 | ||
Operating income: | 237 | 210 | 266 | 154 | 186 | 188 | ||
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: | 204 | 178 | 376 | 121 | 155 | 154 | ||
Income from equity method investments | 7 | 0 | 4 | |||||
Other undisclosed loss from continuing operations before income taxes | (11) | |||||||
Income from continuing operations before income taxes: | 204 | 178 | 365 | 129 | 156 | 158 | ||
Income tax expense | (67) | (57) | (38) | (51) | (44) | |||
Other undisclosed income from continuing operations | 133 | |||||||
Income from continuing operations: | 138 | 121 | 498 | 90 | 104 | 114 | ||
Income before gain (loss) on sale of properties: | 138 | 121 | 498 | 90 | 104 | 114 | ||
Net income: | 138 | 121 | 498 | 90 | 104 | 114 | ||
Other undisclosed net loss attributable to parent | (330) | (7) | (0) | (17) | ||||
Net income available to common stockholders, diluted: | 138 | 121 | 168 | 83 | 104 | 97 |
Comprehensive Income ($ in millions)Annual | Quarterly
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: | 138 | 121 | 498 | 90 | 104 | 114 | ||
Other comprehensive income (loss) | (10) | 65 | 20 | (78) | 112 | (47) | ||
Comprehensive income: | 128 | 186 | 518 | 12 | 217 | 67 | ||
Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (19) | (17) | 55 | 29 | (55) | (29) | ||
Comprehensive income, net of tax, attributable to parent: | 110 | 169 | 573 | 41 | 161 | 38 |
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.