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

12/31/2019
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 investments1125561489
Cash and cash equivalents1125561489
Receivables286287280272270245404
Inventory, net of allowances, customer advances and progress billings12712311111111193101
Inventory12712311111111193101
Prepaid expense     1717
Income taxes receivable✕✕✕✕✕✕9
Other current assets63435028484344
Other undisclosed current assets676561609455(96)
Total current assets:554544507477538461487
Noncurrent Assets
Finance lease, right-of-use asset23✕✕✕✕✕✕
Operating lease, right-of-use asset376✕✕✕✕✕✕
Property, plant and equipment718744732781805807867
Long-term investments and receivables199204  154162143
Accounts and financing receivable, after allowance for credit loss199204  154162143
Intangible assets, net (including goodwill)1,2951,3401,2071,3021,340928939
Goodwill545545465466465283282
Intangible assets, net (excluding goodwill)750795742836875645657
Regulated entity, other noncurrent assets     33
Disposal group, including discontinued operation, noncurrent assets4715373639✕
Other noncurrent assets871010121241
Assets held-for-sale, long lived✕✕✕✕✕✕55
Other undisclosed noncurrent assets  188155 (3)(31)
Total noncurrent assets:2,6242,3022,1532,2842,3481,9482,017
TOTAL ASSETS:3,1782,8462,6602,7612,8852,4092,504
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities434389382329329369222
Accounts payable233242181173172143152
Accrued liabilities201147200156157163 
Employee-related liabilities     5970
Interest and dividends payable     5 
Debt65111211755048
Derivative instruments and hedges, liabilities     1311
Self insurance reserve     2425
Other liabilities     2218
Other undisclosed current liabilities29    (163)5
Total current liabilities:528400394341404316328
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,206991820947934729892
Long-term debt, excluding current maturities863   399399399
Finance lease, liability19✕✕✕✕✕✕
Capital lease obligations✕162024161811
Operating lease, liability324✕✕✕✕✕✕
Other undisclosed long-term debt and lease obligation 975800923519312482
Liabilities, other than long-term debt180196195264304282221
Deferred revenue and credits✕✕   26 
Pension and other postretirement defined benefit plans, liabilities✕✕✕✕✕✕44
Deferred compensation liability, classified     1513
Deferred tax liabilities, net✕1038314618494112
Deferred income tax liabilities121✕✕✕✕✕✕
Liability, pension and other postretirement and postemployment benefits143960707794✕
Other liabilities44545248445451
Other undisclosed noncurrent liabilities     (769)(906)
Total noncurrent liabilities:1,3861,1871,0151,2101,238241208
Other undisclosed liabilities     729892
Total liabilities:1,9141,5871,4091,5511,6421,2861,428
Stockholders' equity
Stockholders' equity attributable to parent1,2631,2581,2511,2101,2431,1231,076
Common stock0000000
Treasury stock, value(226)(232)(235)(262)(175)(202)(190)
Additional paid in capital648653651644637614593
Accumulated other comprehensive loss(106)(109)(85)(83)(97)(98)(63)
Retained earnings947945920911878809736
Total stockholders' equity:1,2631,2581,2511,2101,2431,1231,076
TOTAL LIABILITIES AND EQUITY:3,1782,8462,6602,7612,8852,4092,504

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues4,1243,9523,9213,9273,7793,7493,767
Revenue, net✕✕3,9213,9273,7793,7493,751
Cost of revenue
(Cost of Goods and Services Sold)		(2,156)(1)(2)(1)(1)(849)(817)
Gross profit:1,9683,9513,9193,9263,7782,9002,950
Operating expenses(1,575)(1,507)(1,475)(1,471)(1,382)(1,400)(1,385)
Other undisclosed operating loss(168)(2,232)(2,281)(2,191)(2,098)(1,225)(1,229)
Operating income:225212163264298275335
Nonoperating income (expense)282823212216(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:214205149250293268322
Other undisclosed loss from continuing operations before income taxes(2)(8)     
Income from continuing operations before income taxes:212197149250293268322
Income tax expense (benefit)(48)(40)1(86)(104)(92)(91)
Income from continuing operations:165157150164189176231
Loss from discontinued operations     (1) 
Net income:165157150164189175231
Other undisclosed net income attributable to parent     1 
Net income available to common stockholders, diluted:165157150164189176231

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:165157150164189175231
Other comprehensive income (loss)3(6)(1)141(36)52
Other undisclosed comprehensive income     1 
Comprehensive income, net of tax, attributable to parent:168151149177190140283

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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