Flowers Foods, Inc. (FLO) financial statements (2020 and earlier)

Company profile

Business Address 1919 FLOWERS CIRCLE
THOMASVILLE, GA 31757
State of Incorp. GA
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)

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 investments725561489
Cash and cash equivalents725561489
Receivables299287280272270245404
Inventory, net of allowances, customer advances and progress billings13012311111111193101
Inventory13012311111111193101
Prepaid expense     1717
Income taxes receivable9
Other current assets62435028484344
Other undisclosed current assets676561609455(96)
Total current assets:566544507477538461487
Noncurrent Assets
Finance lease, right-of-use asset24
Operating lease, right-of-use asset380
Property, plant and equipment710744732781805807867
Long-term investments and receivables201204  154162143
Accounts and financing receivable, after allowance for credit loss201204  154162143
Intangible assets, net (including goodwill)1,3181,3401,2071,3021,340928939
Goodwill545545465466465283282
Intangible assets, net (excluding goodwill)772795742836875645657
Regulated entity, other noncurrent assets     33
Disposal group, including discontinued operation, noncurrent assets4715373639
Other noncurrent assets871010121241
Assets held-for-sale, long lived55
Other undisclosed noncurrent assets  188155 (3)(31)
Total noncurrent assets:2,6442,3022,1532,2842,3481,9482,017
TOTAL ASSETS:3,2092,8462,6602,7612,8852,4092,504
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities438389382329329369222
Accounts payable252242181173172143152
Accrued liabilities186147200156157163 
Employee-related liabilities     5970
Interest and dividends payable     5 
Debt64111211755048
Derivative instruments and hedges, liabilities     1311
Self insurance reserve     2425
Other liabilities     2218
Other undisclosed current liabilities20    (163)5
Total current liabilities:522400394341404316328
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,224991820947934729892
Long-term debt, excluding current maturities874   399399399
Finance lease, liability21
Capital lease obligations162024161811
Operating lease, liability329
Other undisclosed long-term debt and lease obligation 975800923519312482
Liabilities, other than long-term debt170196195264304282221
Deferred revenue and credits   26 
Pension and other postretirement defined benefit plans, liabilities44
Deferred compensation liability, classified     1513
Deferred tax liabilities, net1038314618494112
Liability, pension and other postretirement and postemployment benefits143960707794
Other liabilities47545248445451
Other undisclosed liabilities, other than long-term debt109      
Other undisclosed noncurrent liabilities     (769)(906)
Total noncurrent liabilities:1,3941,1871,0151,2101,238241208
Other undisclosed liabilities     729892
Total liabilities:1,9161,5871,4091,5511,6421,2861,428
Stockholders' equity
Stockholders' equity attributable to parent1,2931,2581,2511,2101,2431,1231,076
Common stock0000000
Treasury stock, value(226)(232)(235)(262)(175)(202)(190)
Additional paid in capital647653651644637614593
Accumulated other comprehensive loss(112)(109)(85)(83)(97)(98)(63)
Retained earnings985945920911878809736
Total stockholders' equity:1,2931,2581,2511,2101,2431,1231,076
TOTAL LIABILITIES AND EQUITY:3,2092,8462,6602,7612,8852,4092,504

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
Revenues4,0873,9523,9213,9273,7793,7493,767
Revenue, net3,9213,9273,7793,7493,751
Cost of revenue
(Cost of Goods and Services Sold)
(1,018)(1)(2)(1)(1)(849)(817)
Gross profit:3,0693,9513,9193,9263,7782,9002,950
Operating expenses(1,537)(1,507)(1,475)(1,471)(1,382)(1,400)(1,385)
Other undisclosed operating loss(1,280)(2,232)(2,281)(2,191)(2,098)(1,225)(1,229)
Operating income:252212163264298275335
Nonoperating income (expense)272823212216(11)
Investment income, nonoperating282823212216(11)
Interest and debt expense(39)(36)(37)(35)(27)(28)(29)
Other undisclosed income from continuing operations before equity method investments, income taxes     527
Income from continuing operations before equity method investments, income taxes:240205149250293268322
Other undisclosed loss from continuing operations before income taxes(2)(8)     
Income from continuing operations before income taxes:237197149250293268322
Income tax expense (benefit)(54)(40)1(86)(104)(92)(91)
Income from continuing operations:183157150164189176231
Loss from discontinued operations     (1) 
Net income:183157150164189175231
Other undisclosed net income attributable to parent     1 
Net income available to common stockholders, diluted:183157150164189176231

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:183157150164189175231
Other comprehensive income (loss)(7)(6)(1)141(36)52
Other undisclosed comprehensive income     1 
Comprehensive income, net of tax, attributable to parent:176151149177190140283

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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