Darling Ingredients Inc. (DAR) Financial Statements (2024 and earlier)

Company Profile

Business Address 5601 N MACARTHUR BLVD
IRVING, TX 75038
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 207 - Fats And Oils (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments127698273107107
Cash and cash equivalents127698273107107
Restricted cash and investments000000
Receivables695470409410392396
Inventory, net of allowances, customer advances and progress billings674457406363341358
Inventory674457406363341358
Prepaid expense865448473538
Other current assets 563942252257
Other undisclosed current assets      
Total current assets:1,6381,089987917898956
Noncurrent Assets
Operating lease, right-of-use asset186155147125
Property, plant and equipment2,4621,8401,8641,8021,6881,646
Long-term investments and receivables1,9261,349805689410302
Long-term investments1,9261,349805689410302
Intangible assets, net (including goodwill)2,8351,6171,7341,7501,8251,978
Goodwill1,9701,2191,2601,2231,2291,301
Intangible assets, net (excluding goodwill)865398474526596677
Deferred income tax assets181617 
Other noncurrent assets1366761475362
Deferred tax assets, net1514
Other undisclosed noncurrent assets    14  
Total noncurrent assets:7,5645,0454,6264,4283,9914,002
TOTAL ASSETS:9,2026,1345,6135,3454,8894,958
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities905658591551529531
Accounts payable472307255239219217
Accrued liabilities432351335311309314
Debt70242891716
Other undisclosed current liabilities94705747412
Total current liabilities:1,068753675688540559
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,3151,4391,4811,5581,6671,698
Capital lease obligations 0
Other undisclosed long-term debt and lease obligation3,3151,3191,3711,4671,6671,698
Liabilities, other than long-term debt922474394116346373
Deferred tax liabilities, net231267
Deferred income tax liabilities482363276 
Other liabilities299111117116115106
Operating lease, liability14212011091
Other undisclosed noncurrent liabilities  120110339  
Total noncurrent liabilities:4,2372,0331,9842,0142,0132,071
Total liabilities:5,3062,7862,6592,7022,5542,631
Equity
Equity, attributable to parent3,8093,2812,8922,5662,2732,245
Common stock222222
Treasury stock, value(554)(375)(152)(75)(48)(44)
Additional paid in capital1,6601,6281,5971,5611,5361,516
Accumulated other comprehensive loss(384)(322)(252)(322)(305)(210)
Retained earnings3,0862,3481,6971,4001,088981
Equity, attributable to noncontrolling interest876762786383
Total equity:3,8963,3482,9542,6432,3362,328
TOTAL LIABILITIES AND EQUITY:9,2026,1345,6135,3454,8894,958

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues6,5324,7413,5723,3643,3883,662
Revenue, net3,662
Cost of revenue(5,032)(3,500)(2,727)(2,589)(2,658)(2,876)
Cost of goods and services sold(5,003)(3,499)(2,689)(2,589)(2,647)(2,876)
Gross profit:1,5001,241845775729786
Operating expenses(843)(708)(729)(663)(634)(650)
Other undisclosed operating income372352315364  
Operating income:1,02988443147695137
Nonoperating expense(140)(69)(81)(96)(136)(101)
Interest and debt expense (126)(1)(3)(12)(24)(1)
Other undisclosed loss from continuing operations before equity method investments, income taxes      
Income (loss) from continuing operations before equity method investments, income taxes:763815347368(65)35
Income from equity method investments563015929
Other undisclosed income from continuing operations before income taxes1261312241
Income from continuing operations before income taxes:89482135438011864
Income tax expense (benefit)(147)(164)(53)(59)(12)69
Income from continuing operations:747657300321106133
Income before gain (loss) on sale of properties:657300321106133
Net income:747657300321106133
Net loss attributable to noncontrolling interest(9)(6)(4)(8)(4)(5)
Net income available to common stockholders, diluted:738651297313101128

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:747657300321106133
Other comprehensive income (loss)(65)(65)68(17)(91)127
Comprehensive income:68259236930415260
Comprehensive loss, net of tax, attributable to noncontrolling interest(6)(11)(2)(9)(4)(1)
Comprehensive income, net of tax, attributable to parent:67658236629511259

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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