Smithfield Foods Inc (SFD) financial statements (2020 and earlier)

Company profile

Business Address 200 COMMERCE STREET
SMITHFIELD, VA 23430
State of Incorp. VA
Fiscal Year End December 31
SIC 2011 - Meat Packing Plants (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2015
12/31/2014
4/30/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  311
Cash and cash equivalents  311
Receivables93669
Inventory, net of allowances, customer advances and progress billings  2,348
Inventory  2,348
Prepaid expense and other current assets230
Income taxes receivable79
Deferred tax assets  20
Other undisclosed current assets  (105)
Total current assets:933,552
Noncurrent Assets
Property, plant and equipment30 2,298
Long-term investments and receivables143 532
Long-term investments143 532
Intangible assets, net (including goodwill)2,9851,6321,173
Goodwill1,6201,632782
Intangible assets, net (excluding goodwill)1,366 390
Regulated entity, other noncurrent assets11  
Prepaid expense and other noncurrent assets161
Defined benefit plan, assets for plan benefits10 
Total noncurrent assets:3,1701,6324,165
Other undisclosed assets6,7158,513 
TOTAL ASSETS:9,89410,1487,716
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities30271,317
Accounts payable  429
Accrued liabilities  641
Employee-related liabilities3027247
Debt29 676
Derivative instruments and hedges, liabilities  71
Due to related parties519
Other undisclosed current liabilities  (327)
Total current liabilities:65281,746
Noncurrent Liabilities
Long-term debt and lease obligation2,235 1,829
Long-term debt, excluding current maturities2,235 1,804
Capital lease obligations  25
Liabilities, other than long-term debt4325751,236
Pension and other postretirement defined benefit plans, liabilities697
Deferred tax liabilities, net  206
Liability, pension and other postretirement and postemployment benefits432575
Other liabilities  334
Other undisclosed noncurrent liabilities  (193)
Total noncurrent liabilities:2,6665752,873
Total liabilities:2,7316034,619
Stockholders' equity
Stockholders' equity attributable to parent, including:(20)263,097
Common stock  70
Additional paid in capital  1,390
Accumulated other comprehensive income (loss)(20)26(616)
Retained earnings  2,323
Other undisclosed stockholders' equity attributable to parent  (69)
Stockholders' equity attributable to noncontrolling interest  1
Total stockholders' equity:(20)263,098
TOTAL LIABILITIES AND EQUITY:2,7106297,716

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

12/31/2015
12/31/2014
4/30/2013
Revenues
(Revenue, Net)
14,43815,03113,221
Cost of revenue
(Cost of Goods and Services Sold)
  (11,901)
Other undisclosed gross profit(12,683)(13,256) 
Gross profit:1,7551,7761,320
Operating expenses  (904)
Other undisclosed operating income (loss)(962)(844)103
Operating income:794932519
Nonoperating income (expense)
(Foreign Currency Transaction gain, before Tax)
  1
Interest and debt expense13 (289)
Income from continuing operations before equity method investments, income taxes:807932231
Income from equity method investments  15
Income from continuing operations before income taxes:807932246
Income tax expense  (46)
Income before gain (loss) on sale of properties:807932200
Other undisclosed net loss  (16)
Net income:807932184
Other undisclosed net loss attributable to parent(354)(376)(0)
Net income available to common stockholders, diluted:452556184

Comprehensive Income ($ in millions)

12/31/2015
12/31/2014
4/30/2013
Net income:807932184
Other comprehensive income (loss)783(105)
Other undisclosed comprehensive loss  (0)
Comprehensive income, net of tax, attributable to parent:8141,01579

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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