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)

12/31/2019
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 investments80241718611617
Cash and cash equivalents80241718611617
Receivables576589676669653748752
Inventory, net of allowances, customer advances and progress billings250255278284253252263
Inventory250255278284253252263
Prepaid expense0 12112
Assets held-for-sale, not part of disposal group 8   
Income taxes receivable6416
Deferred tax assets  38555060
Other current assets     100103
Other undisclosed current assets6035494855(51)(62)
Total current assets:9679121,0201,0591,0781,1801,151
Noncurrent Assets
Operating lease, right-of-use asset276
Property, plant and equipment8201,0061,0941,1641,1741,1731,216
Intangible assets, net (including goodwill)112154328326198329332
Goodwill  168154878787
Intangible assets, net (excluding goodwill)112154160172111243245
Regulated entity, other noncurrent assets   7   
Deferred tax assets, net     (101)
Other undisclosed noncurrent assets544662517988204
Total noncurrent assets:1,2621,2061,4841,5481,4501,5901,651
TOTAL ASSETS:2,2292,1182,5042,6062,5282,7702,802
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:566700671707742775761
Accounts payable380435424417393534505
Accrued liabilities96149868789  
Employee-related liabilities4857631011396784
Other undisclosed accounts payable and accrued liabilities415999102121174172
Debt44011141111
Derivative instruments and hedges, liabilities     40
Estimated litigation liability    181919
Other undisclosed current liabilities86    (4)(0)
Total current liabilities:1,092701672848762794781
Noncurrent Liabilities
Long-term debt and lease obligation, including:5905912745841916897
Long-term debt, excluding current maturities5905912745841916897
Operating lease, liability203
Other undisclosed long-term debt and lease obligation(203)      
Liabilities, other than long-term debt79184213403380431410
Deferred tax liabilities, net  126107138101
Deferred income tax liabilities5
Liability, pension and other postretirement and postemployment benefits8 9   
Estimated litigation liability     1736
Other liabilities66184204277273276273
Other undisclosed noncurrent liabilities1,2231451    
Total noncurrent liabilities:1,3061,1031,1761,1481,2211,3481,307
Total liabilities:2,3991,8041,8481,9961,9832,1422,088
Stockholders' equity
Stockholders' equity attributable to parent(181)303656611546627714
Common stock1111111
Additional paid in capital664662659654680752791
Accumulated other comprehensive loss(85)(99)(78)(90)(86)(85)(57)
Retained earnings (accumulated deficit)(761)(261)7446(50)(41)(21)
Stockholders' equity attributable to noncontrolling interest1112     
Total stockholders' equity:(170)315656611546627714
TOTAL LIABILITIES AND EQUITY:2,2292,1182,5042,6062,5282,7702,802

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues7,3297,7557,7957,7108,1229,5039,016
Revenue, net7,7957,7108,1229,5039,016
Cost of revenue(5,889)(6,100)(5,977)(5,723)(6,147)(7,830)(7,162)
Cost of goods and services sold (6,100)(1,200)(1,100)(1,200)(1,200)(1,200)
Gross profit:1,4401,6551,8181,9881,9741,6731,855
Operating expenses(1,839)(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):(400)(315)83264939131
Nonoperating income (expense)(110)(59)(62)(61)(107)(61)152
Investment income, nonoperating      (63)
Interest and debt expense(4)(56)(1)(67)(44)(62)(264)
Other undisclosed income from continuing operations before equity method investments, income taxes4561674462264
Income (loss) from continuing operations before income taxes:(510)(375)21203(13)(52)283
Income tax expense (benefit)94226(82)53242
Income (loss) from continuing operations:(501)(332)47121(8)(20)325
Income (loss) from discontinued operations  11(0)(1)(1)3
Income (loss) before gain (loss) on sale of properties:(501)(332)59120(9)(21)328
Other undisclosed net income (loss)(0)53(0)11491
Net income (loss):(501)(327)62120(9)(20)819
Net income (loss) attributable to noncontrolling interest10    (6)
Net income (loss) available to common stockholders, diluted:(500)(327)62120(9)(20)813

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(501)(327)62120(9)(20)819
Other comprehensive income (loss)13(3)11(4)(1)(28)95
Comprehensive income (loss):(487)(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:(486)(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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