B&G Foods, Inc. B&G Foods, Inc. (BGS) financial statements (2022 and earlier)

Company profile

Business Address FOUR GATEHALL DRIVE
PARSIPPANY, NJ 07054
State of Incorp. DE
Fiscal Year End December 31
SIC 20 - Food And Kindred Products (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments34521112207295
Cash and cash equivalents34521112207295
Receivables15014915315315813072
Inventory, net of allowances, customer advances and progress billings610493472401502357313
Inventory610493472401502357313
Disposal group, including discontinued operation3      
Other undisclosed current assets38442520203473
Total current assets:834737662586887550463
Noncurrent Assets
Operating lease, right-of-use asset653239
Property, plant and equipment341372305283272245164
Intangible assets, net (including goodwill)2,5722,6162,2122,1802,3982,2441,915
Goodwill645645596584649614473
Intangible assets, net (excluding goodwill)1,9271,9711,6151,5961,7481,6291,442
Deferred income tax assets947
Other noncurrent assets76312529
Deferred tax assets, net53  
Total noncurrent assets:2,9943,0302,5662,4692,6742,4942,109
TOTAL ASSETS:3,8293,7683,2283,0553,5613,0442,572
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities232235201258201195101
Accounts payable1301271151401229850
Accrued liabilities67775656486231
Taxes payable3003204 
Interest and dividends payable33313031313120
Debt  15  1134
Other undisclosed current liabilities1211     
Total current liabilities:244246217258201206135
Noncurrent Liabilities
Long-term debt and lease obligation2,3232,3581,9061,6362,2181,7151,726
Long-term debt, excluding current maturities2,2682,3341,8741,6362,2181,7151,726
Operating lease, liability562432
Liabilities, other than long-term debt341332292260261337253
Deferred tax liabilities, net236236315250
Deferred income tax liabilities311293254
Other liabilities3039382525213
Total noncurrent liabilities:2,6642,6902,1981,8962,4792,0521,979
Total liabilities:2,9082,9362,4152,1552,6802,2582,114
Stockholders' equity
Stockholders' equity attributable to parent920832813900881786458
Common stock1111111
Additional paid in capital4  116267388163
Accumulated other comprehensive loss(18)(36)(32)(24)(21)(19)(13)
Retained earnings934867844807634417307
Total stockholders' equity:920832813900881786458
TOTAL LIABILITIES AND EQUITY:3,8293,7683,2283,0553,5613,0442,572

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2,0561,9681,6601,7011,6681,391966
Revenue, net1,6681,391966
Cost of revenue
(Cost of Goods and Services Sold)
(1,619)(1,486)(1,277)(1,351)(1,206)(943)(677)
Gross profit:437482383350462448290
Operating expenses(241)(205)(179)(9)(223)(194)(117)
Operating income:196276204340239254172
Nonoperating income
(Other Nonoperating income)
431420 
Interest and debt expense (5)(1)(13)(1)(77)(51)
Other undisclosed loss from continuing operations before equity method investments, income taxes (97)(98)(108)(92)  
Income from continuing operations before equity method investments, income taxes:201177106222148177121
Other undisclosed loss from continuing operations before income taxes(107)      
Income from continuing operations before income taxes:94177106222148177121
Income tax expense (benefit)(26)(45)(29)(50)69(68)(52)
Net income available to common stockholders, diluted:671327617221710969

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:671327617221710969
Comprehensive income:671327617221710969
Other undisclosed comprehensive income (loss), net of tax, attributable to parent17(4)(8)(3)(1)(7)(2)
Comprehensive income, net of tax, attributable to parent:851286817021610367

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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