Dean Foods Company (DF) financial statements (2020 and earlier)

Company profile

Business Address 2711 N. HASKELL AVENUE
DALLAS, TX 75204
State of Incorp. DE
Fiscal Year End December 31
SIC 202 - Dairy Products (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments37241718611617
Cash and cash equivalents37241718611617
Receivables509589676669653748752
Inventory, net of allowances, customer advances and progress billings269255278284253252263
Inventory269255278284253252263
Prepaid expense  12112
Assets held-for-sale, not part of disposal group 8   
Income taxes receivable6416
Deferred tax assets  38555060
Other current assets43    100103
Other undisclosed current assets 35494855(51)(62)
Total current assets:8579121,0201,0591,0781,1801,151
Noncurrent Assets
Operating lease, right-of-use asset287
Property, plant and equipment9611,0061,0941,1641,1741,1731,216
Intangible assets, net (including goodwill)138154328326198329332
Goodwill  168154878787
Intangible assets, net (excluding goodwill)138154160172111243245
Regulated entity, other noncurrent assets   7   
Deferred tax assets, net     (101)
Other undisclosed noncurrent assets524662517988204
Total noncurrent assets:1,4371,2061,4841,5481,4501,5901,651
TOTAL ASSETS:2,2952,1182,5042,6062,5282,7702,802
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:596700671707742775761
Accounts payable 435424417393534505
Accrued liabilities 149868789  
Employee-related liabilities 57631011396784
Other undisclosed accounts payable and accrued liabilities5965999102121174172
Debt211141111
Derivative instruments and hedges, liabilities     40
Estimated litigation liability    181919
Other undisclosed current liabilities89    (4)(0)
Total current liabilities:686701672848762794781
Noncurrent Liabilities
Long-term debt and lease obligation1,118905912745841916897
Long-term debt, excluding current maturities1,118905912745841916897
Operating lease, liability213
Other undisclosed long-term debt and lease obligation(213)      
Liabilities, other than long-term debt160184213403380431410
Deferred tax liabilities, net  126107138101
Deferred income tax liabilities6
Liability, pension and other postretirement and postemployment benefits  9   
Estimated litigation liability     1736
Other liabilities154184204277273276273
Other undisclosed noncurrent liabilities2131451    
Total noncurrent liabilities:1,4911,1031,1761,1481,2211,3481,307
Total liabilities:2,1771,8041,8481,9961,9832,1422,088
Stockholders' equity
Stockholders' equity attributable to parent107303656611546627714
Common stock1111111
Additional paid in capital664662659654680752791
Accumulated other comprehensive loss(92)(99)(78)(90)(86)(85)(57)
Retained earnings (accumulated deficit)(466)(261)7446(50)(41)(21)
Stockholders' equity attributable to noncontrolling interest1112     
Total stockholders' equity:118315656611546627714
TOTAL LIABILITIES AND EQUITY:2,2952,1182,5042,6062,5282,7702,802

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues7,4187,7557,7957,7108,1229,5039,016
Revenue, net7,7957,7108,1229,5039,016
Cost of revenue(5,931)(6,100)(5,977)(5,723)(6,147)(7,830)(7,162)
Cost of goods and services sold(5,931)(6,100)(1,200)(1,100)(1,200)(1,200)(1,200)
Gross profit:1,4871,6551,8181,9881,9741,6731,855
Operating expenses(1,917)(1,970)(1,734)(1,724)(1,881)(1,665)(1,724)
Other operating income (expense), net     5(2)
Other undisclosed operating income (loss)     (5)2
Operating income (loss):(430)(315)83264939131
Nonoperating income (expense)(64)(59)(62)(61)(107)(61)152
Investment income, nonoperating      (63)
Interest and debt expense(52)(56)(1)(67)(44)(62)(264)
Other undisclosed income from continuing operations before equity method investments, income taxes52561674462264
Income (loss) from continuing operations before income taxes:(494)(375)21203(13)(52)283
Income tax expense (benefit)244226(82)53242
Income (loss) from continuing operations:(469)(332)47121(8)(20)325
Income (loss) from discontinued operations  11(0)(1)(1)3
Income (loss) before gain (loss) on sale of properties:(469)(332)59120(9)(21)328
Other undisclosed net income (loss)353(0)11491
Net income (loss):(466)(327)62120(9)(20)819
Net income (loss) attributable to noncontrolling interest10    (6)
Net income (loss) available to common stockholders, diluted:(465)(327)62120(9)(20)813

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(466)(327)62120(9)(20)819
Other comprehensive income (loss)(1)(3)11(4)(1)(28)95
Other undisclosed comprehensive income17      
Comprehensive income (loss):(451)(331)73116(9)(48)914
Comprehensive income, net of tax, attributable to noncontrolling interest10    5
Other undisclosed comprehensive loss, net of tax, attributable to parent      (10)
Comprehensive income (loss), net of tax, attributable to parent:(450)(330)73116(9)(48)910

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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