Flowers Foods, Inc. (FLO) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments18630711255614
Cash and cash equivalents18630711255614
Receivables305300286287280272270
Inventory, net of allowances, customer advances and progress billings135125127123111111111
Inventory135125127123111111111
Other current assets52376343502848
Other undisclosed current assets68686765616094
Total current assets:746838554544507477538
Noncurrent Assets
Finance lease, right-of-use asset3523
Operating lease, right-of-use asset289329376
Property, plant and equipment799699718744732781805
Long-term investments and receivables154176199204  154
Accounts and financing receivable, after allowance for credit loss154176199204  154
Intangible assets, net (including goodwill)1,2411,2601,2951,3401,2071,3021,340
Goodwill545545545545465466465
Intangible assets, net (excluding goodwill)695715750795742836875
Disposal group, including discontinued operation, noncurrent assets  47153736
Deferred costs12     
Other noncurrent assets10987101012
Other undisclosed noncurrent assets114  188155 
Total noncurrent assets:2,5072,4852,6242,3022,1532,2842,348
TOTAL ASSETS:3,2533,3233,1782,8462,6602,7612,885
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities472451434389382329329
Accounts payable269226233242181173172
Accrued liabilities203225201147200156157
Debt226511121175
Deferred compensation liability12     
Other undisclosed current liabilities454929    
Total current liabilities:520504528400394341404
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,1431,2541,206991820947934
Long-term debt, excluding current maturities891960863   399
Finance lease, liability2419
Capital lease obligations16202416
Operating lease, liability251290324
Other undisclosed long-term debt and lease obligation   975800923519
Liabilities, other than long-term debt179192180196195264304
Deferred tax liabilities, net10383146184
Deferred income tax liabilities134128121
Liability, pension and other postretirement and postemployment benefits7101439607077
Other liabilities38544454524844
Total noncurrent liabilities:1,3221,4461,3861,1871,0151,2101,238
Total liabilities:1,8421,9501,9141,5871,4091,5511,642
Stockholders' equity
Stockholders' equity attributable to parent1,4111,3731,2631,2581,2511,2101,243
Common stock0000000
Treasury stock, value(232)(225)(226)(232)(235)(262)(175)
Additional paid in capital678660648653651644637
Accumulated other comprehensive income (loss)36(106)(109)(85)(83)(97)
Retained earnings962932947945920911878
Total stockholders' equity:1,4111,3731,2631,2581,2511,2101,243
TOTAL LIABILITIES AND EQUITY:3,2533,3233,1782,8462,6602,7612,885

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues4,3314,3884,1243,9523,9213,9273,779
Revenue, net3,9213,9273,779
Cost of revenue
(Cost of Goods and Services Sold)
(2,175)(2,196)(2,156)(1)(2)(1)(1)
Gross profit:2,1562,1921,9683,9513,9193,9263,778
Operating expenses(1,720)(1,693)(1,575)(1,507)(1,475)(1,471)(1,382)
Other undisclosed operating loss(141)(177)(168)(2,232)(2,281)(2,191)(2,098)
Operating income:295321225212163264298
Nonoperating income24272828232122
Investment income, nonoperating24272828232122
Interest and debt expense(48)(39)(39)(36)(37)(35)(27)
Income from continuing operations before equity method investments, income taxes:271309214205149250293
Other undisclosed income (loss) from continuing operations before income taxes0(109)(2)(8)   
Income from continuing operations before income taxes:271201212197149250293
Income tax expense (benefit)(65)(48)(48)(40)1(86)(104)
Net income available to common stockholders, diluted:206152165157150164189

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:206152165157150164189
Other comprehensive income (loss)(4)1123(6)(1)141
Comprehensive income, net of tax, attributable to parent:202265168151149177190

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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