Pilgrim's Pride Corporation (PPC) financial statements (2021 and earlier)

Company profile

Business Address 1770 PROMONTORY CIRCLE
GREELEY, CO 80634
State of Incorp. DE
Fiscal Year End December 31
SIC 2015 - Poultry Slaughtering and Processing (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

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 investments 261338582120440
Cash and cash equivalents 261338582120440
Restricted cash and investments 202385 
Receivables 741562565317349
Inventory, net of allowances, customer advances and progress billings 1,3841,1601,255813801
Inventory 1,3841,1601,255813801
Disposal group, including discontinued operation  0157
Other undisclosed current assets 19315210661150
Total current assets: 2,5982,2352,5161,3221,746
Noncurrent Assets
Operating lease, right-of-use asset 302
Property, plant and equipment  2,1622,0951,5061,353
Intangible assets, net (including goodwill) 1,5701,5141,619164204
Goodwill 9749501,002126157
Intangible assets, net (excluding goodwill) 5965646173947
Deferred income tax assets 4
Other noncurrent assets 3617181616
Other undisclosed noncurrent assets 2,5924   
Total noncurrent assets: 4,5043,6973,7321,6861,572
TOTAL ASSETS: 7,1025,9316,2493,0083,318
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 1,6151,2581,183847805
Accounts payable 994830762555483
Employee-related liabilities 165150182110 
Taxes payable 42    
Interest and dividends payable 3134309 
Other undisclosed accounts payable and accrued liabilities 383244209173322
Debt 26304800
Other undisclosed current liabilities 782222142
Total current liabilities: 1,6481,2961,453868847
Noncurrent Liabilities
Long-term debt and lease obligation 2372,3222,6621,012986
Long-term debt, excluding current maturities  2,3222,6621,012986
Finance lease, liability 2
Operating lease, liability 235
Liabilities, other than long-term debt 399759689224
Deferred tax liabilities, net   132
Deferred income tax liabilities 302
Other liabilities 9775968992
Other undisclosed noncurrent liabilities 2,282218183143 
Total noncurrent liabilities: 2,9182,6152,9401,2431,210
Total liabilities: 4,5663,9124,3932,1112,057
Stockholders' equity
Stockholders' equity attributable to parent 2,5262,0101,8468871,259
Common stock 33333
Treasury stock, value (235)(232)(232)(217)(99)
Additional paid in capital 1,9551,9451,9331,6871,676
Accumulated other comprehensive loss (75)(128)(31)(64)(59)
Retained earnings (accumulated deficit) 878422174(521)(261)
Stockholders' equity attributable to noncontrolling interest 10101093
Total stockholders' equity: 2,5362,0201,8568971,262
TOTAL LIABILITIES AND EQUITY: 7,1025,9316,2493,0083,318

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 11,40910,93810,7687,9318,180
Revenue, net10,7687,9318,180
Cost of revenue
(Cost of Goods and Services Sold)
 (10,339)(10,094)(9,296)(7,017)(6,926)
Gross profit: 1,0708431,4729141,254
Operating expenses (380)(348)(399)(201)(204)
Other undisclosed operating loss     (6)
Operating income: 6914961,0727141,045
Nonoperating income (expense) 60(1)175(15)
Investment income, nonoperating 7114824
Foreign currency transaction gain (loss), before tax (7)(17)3(4)(26)
Other nonoperating income (expense) (5)3778
Interest and debt expense (133)(163)(107)(46)(38)
Income from continuing operations before income taxes: 618332982673993
Income tax expense (161)(85)(264)(233)(347)
Net income: 457247718440646
Net income (loss) attributable to noncontrolling interest (1)1(0)1(0)
Other undisclosed net loss attributable to parent   (23)  
Net income available to common stockholders, diluted: 456248695441646

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income: 457247718440646
Other comprehensive income (loss) 53(97)96(5)4
Comprehensive income: 509150814434650
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (1)1(0)1(0)
Other undisclosed comprehensive loss, net of tax, attributable to parent   (88)  
Comprehensive income, net of tax, attributable to parent: 509151726435650

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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