Pilgrim's Pride Corporation (PPC) financial statements (2020 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)

12/31/2019
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 investments261338582120440576605
Cash and cash equivalents261338582120440576508
Short-term investments      97
Restricted cash and investments202385   
Receivables741562565317349379377
Inventory, net of allowances, customer advances and progress billings1,3841,1601,255813801790809
Inventory1,3841,1601,255813801790809
Disposal group, including discontinued operation 01571 
Assets held-for-sale7
Deferred tax assets    272
Other current assets     140 
Other undisclosed current assets19315210661150(29)129
Total current assets:2,5982,2352,5161,3221,7461,8851,929
Noncurrent Assets
Operating lease, right-of-use asset302
Property, plant and equipment 2,1622,0951,5061,3531,1831,152
Intangible assets, net (including goodwill)1,5701,5141,6191642042733
Goodwill9749501,002126157  
Intangible assets, net (excluding goodwill)59656461739472733
Deferred income tax assets4
Other noncurrent assets36171816162440
Other undisclosed noncurrent assets2,5924    19
Total noncurrent assets:4,5043,6973,7321,6861,5721,2341,243
TOTAL ASSETS:7,1025,9316,2493,0083,3183,1193,172
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,6151,2581,183847805716658
Accounts payable994830762555483399370
Accrued liabilities     312283
Employee-related liabilities165150182110 123101
Taxes payable42      
Interest and dividends payable3134309 1 
Other undisclosed accounts payable and accrued liabilities383244209173322(119)(97)
Debt263048000410
Due to related parties     5 
Deferred tax liabilities    2516
Other undisclosed current liabilities782222142(2) 
Total current liabilities:1,6481,2961,4538688477451,083
Noncurrent Liabilities
Long-term debt and lease obligation2372,3222,6621,0129864502
Long-term debt, excluding current maturities 2,3222,6621,0129864502
Finance lease, liability2
Operating lease, liability235
Liabilities, other than long-term debt39975968922417394
Deferred tax liabilities, net   1327614
Deferred income tax liabilities302
Other liabilities97759689929780
Other undisclosed noncurrent liabilities2,282218183143   
Total noncurrent liabilities:2,9182,6152,9401,2431,210177596
Total liabilities:4,5663,9124,3932,1112,0579221,680
Stockholders' equity
Stockholders' equity attributable to parent2,5262,0101,8468871,2592,1941,490
Common stock3333333
Treasury stock, value(235)(232)(232)(217)(99)  
Additional paid in capital1,9551,9451,9331,6871,6761,6621,653
Accumulated other comprehensive loss(75)(128)(31)(64)(59)(63)(46)
Retained earnings (accumulated deficit)878422174(521)(261)591(120)
Stockholders' equity attributable to noncontrolling interest1010109333
Total stockholders' equity:2,5362,0201,8568971,2622,1971,493
TOTAL LIABILITIES AND EQUITY:7,1025,9316,2493,0083,3183,1193,172

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues11,40910,93810,7687,9318,1808,5838,411
Revenue, net10,7687,9318,1808,5838,411
Cost of revenue
(Cost of Goods and Services Sold)
(10,339)(10,094)(9,296)(7,017)(6,926)(7,189)(7,566)
Gross profit:1,0708431,4729141,2541,394845
Operating expenses(380)(348)(399)(201)(204)(197)(197)
Other undisclosed operating income (loss)    (6)610
Operating income:6914961,0727141,0451,203659
Nonoperating income (expense)60(1)175(15)(18)(2)
Investment income, nonoperating71148246(2)
Foreign currency transaction gain (loss), before tax(7)(17)3(4)(26)(28)4
Other nonoperating income (expense)(5)37785(4)
Interest and debt expense(133)(163)(107)(46)(38)(82)(87)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes     (1)4
Income from continuing operations before equity method investments, income taxes:6183329826739931,102574
Other undisclosed loss from continuing operations before income taxes     (1,102)(575)
Income (loss) from continuing operations before income taxes:6183329826739931(1)
Income tax expense(161)(85)(264)(233)(347)(391)(24)
Income (loss) before gain (loss) on sale of properties:457247718440646(390)(25)
Other undisclosed net income     1,102575
Net income:457247718440646711550
Net income (loss) attributable to noncontrolling interest(1)1(0)1(0)0(0)
Other undisclosed net loss attributable to parent  (23)    
Net income available to common stockholders, diluted:456248695441646712550

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:457247718440646711550
Other comprehensive income (loss)53(97)96(5)4(17)23
Comprehensive income:509150814434650695572
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)1(0)1(0)00
Other undisclosed comprehensive loss, net of tax, attributable to parent  (88)   (0)
Comprehensive income, net of tax, attributable to parent:509151726435650695572

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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