Pilgrim's Pride Corporation (PPC) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  261338582
Cash and cash equivalents  261338582
Restricted cash and investments  20238
Receivables  741562565
Inventory, net of allowances, customer advances and progress billings  1,3841,1601,255
Inventory  1,3841,1601,255
Disposal group, including discontinued operation   01
Other undisclosed current assets  193152106
Total current assets:  2,5982,2352,516
Noncurrent Assets
Operating lease, right-of-use asset  302
Property, plant and equipment   2,1622,095
Intangible assets, net (including goodwill)  1,5701,5141,619
Goodwill  9749501,002
Intangible assets, net (excluding goodwill)  596564617
Deferred income tax assets  4
Other noncurrent assets  361718
Other undisclosed noncurrent assets  2,5924 
Total noncurrent assets:  4,5043,6973,732
TOTAL ASSETS:  7,1025,9316,249
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:  1,6151,2581,183
Accounts payable  994830762
Employee-related liabilities  165150182
Taxes payable  42  
Interest and dividends payable  313430
Other undisclosed accounts payable and accrued liabilities  383244209
Debt  263048
Other undisclosed current liabilities  78222
Total current liabilities:  1,6481,2961,453
Noncurrent Liabilities
Long-term debt and lease obligation  2372,3222,662
Long-term debt, excluding current maturities   2,3222,662
Finance lease, liability  2
Operating lease, liability  235
Liabilities, other than long-term debt  3997596
Deferred income tax liabilities  302
Other liabilities  977596
Other undisclosed noncurrent liabilities  2,282218183
Total noncurrent liabilities:  2,9182,6152,940
Total liabilities:  4,5663,9124,393
Stockholders' equity
Stockholders' equity attributable to parent  2,5262,0101,846
Common stock  333
Treasury stock, value  (235)(232)(232)
Additional paid in capital  1,9551,9451,933
Accumulated other comprehensive loss  (75)(128)(31)
Retained earnings  878422174
Stockholders' equity attributable to noncontrolling interest  101010
Total stockholders' equity:  2,5362,0201,856
TOTAL LIABILITIES AND EQUITY:  7,1025,9316,249

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues  11,40910,93810,768
Revenue, net10,768
Cost of revenue
(Cost of Goods and Services Sold)
  (10,339)(10,094)(9,296)
Gross profit:  1,0708431,472
Operating expenses  (380)(348)(399)
Operating income:  6914961,072
Nonoperating income (expense)  60(1)17
Investment income, nonoperating  71148
Foreign currency transaction gain (loss), before tax  (7)(17)3
Other nonoperating income (expense)  (5)37
Interest and debt expense  (133)(163)(107)
Income from continuing operations before income taxes:  618332982
Income tax expense  (161)(85)(264)
Net income:  457247718
Net income (loss) attributable to noncontrolling interest  (1)1(0)
Other undisclosed net loss attributable to parent    (23)
Net income available to common stockholders, diluted:  456248695

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:  457247718
Other comprehensive income (loss)  53(97)96
Comprehensive income:  509150814
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  (1)1(0)
Other undisclosed comprehensive loss, net of tax, attributable to parent    (88)
Comprehensive income, net of tax, attributable to parent:  509151726

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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