Flowers Foods, Inc. (FLO) financial statements (2021 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)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments307112556148
Cash and cash equivalents307112556148
Receivables300286287280272270245
Inventory, net of allowances, customer advances and progress billings12512712311111111193
Inventory12512712311111111193
Prepaid expense      17
Other current assets37634350284843
Other undisclosed current assets68676561609455
Total current assets:838554544507477538461
Noncurrent Assets
Finance lease, right-of-use asset523✕✕✕✕✕
Operating lease, right-of-use asset329376✕✕✕✕✕
Property, plant and equipment699718744732781805807
Long-term investments and receivables176199204  154162
Accounts and financing receivable, after allowance for credit loss176199204  154162
Intangible assets, net (including goodwill)1,2601,2951,3401,2071,3021,340928
Goodwill545545545465466465283
Intangible assets, net (excluding goodwill)715750795742836875645
Regulated entity, other noncurrent assets      3
Disposal group, including discontinued operation, noncurrent assets 4715373639
Deferred costs2      
Other noncurrent assets98710101212
Other undisclosed noncurrent assets4  188155 (3)
Total noncurrent assets:2,4852,6242,3022,1532,2842,3481,948
TOTAL ASSETS:3,3233,1782,8462,6602,7612,8852,409
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities451434389382329329369
Accounts payable226233242181173172143
Accrued liabilities225201147200156157163
Employee-related liabilities      59
Interest and dividends payable      5
Debt2651112117550
Deferred compensation liability2      
Derivative instruments and hedges, liabilities      13
Self insurance reserve      24
Other liabilities      22
Other undisclosed current liabilities4929    (163)
Total current liabilities:504528400394341404316
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,2541,206991820947934729
Long-term debt, excluding current maturities960863   399399
Finance lease, liability419✕✕✕✕✕
Capital lease obligations✕✕1620241618
Operating lease, liability290324✕✕✕✕✕
Other undisclosed long-term debt and lease obligation  975800923519312
Liabilities, other than long-term debt192180196195264304282
Deferred revenue and credits✕✕✕   26
Deferred compensation liability, classified      15
Deferred tax liabilities, net✕✕1038314618494
Deferred income tax liabilities128121✕✕✕✕✕
Liability, pension and other postretirement and postemployment benefits10143960707794
Other liabilities54445452484454
Other undisclosed noncurrent liabilities      (769)
Total noncurrent liabilities:1,4461,3861,1871,0151,2101,238241
Other undisclosed liabilities      729
Total liabilities:1,9501,9141,5871,4091,5511,6421,286
Stockholders' equity
Stockholders' equity attributable to parent1,3731,2631,2581,2511,2101,2431,123
Common stock0000000
Treasury stock, value(225)(226)(232)(235)(262)(175)(202)
Additional paid in capital660648653651644637614
Accumulated other comprehensive income (loss)6(106)(109)(85)(83)(97)(98)
Retained earnings932947945920911878809
Total stockholders' equity:1,3731,2631,2581,2511,2101,2431,123
TOTAL LIABILITIES AND EQUITY:3,3233,1782,8462,6602,7612,8852,409

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues4,3884,1243,9523,9213,9273,7793,749
Revenue, net✕✕✕3,9213,9273,7793,749
Cost of revenue
(Cost of Goods and Services Sold)		(2,196)(2,156)(1)(2)(1)(1)(849)
Gross profit:2,1921,9683,9513,9193,9263,7782,900
Operating expenses(1,693)(1,575)(1,507)(1,475)(1,471)(1,382)(1,400)
Other undisclosed operating loss(177)(168)(2,232)(2,281)(2,191)(2,098)(1,225)
Operating income:321225212163264298275
Nonoperating income27282823212216
Investment income, nonoperating27282823212216
Interest and debt expense(39)(39)(36)(37)(35)(27)(28)
Other undisclosed income from continuing operations before equity method investments, income taxes      5
Income from continuing operations before equity method investments, income taxes:309214205149250293268
Other undisclosed loss from continuing operations before income taxes(109)(2)(8)    
Income from continuing operations before income taxes:201212197149250293268
Income tax expense (benefit)(48)(48)(40)1(86)(104)(92)
Income from continuing operations:152165157150164189176
Loss from discontinued operations      (1)
Net income:152165157150164189175
Other undisclosed net income attributable to parent      1
Net income available to common stockholders, diluted:152165157150164189176

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:152165157150164189175
Other comprehensive income (loss)1123(6)(1)141(36)
Other undisclosed comprehensive income      1
Comprehensive income, net of tax, attributable to parent:265168151149177190140

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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