← DARLING INGREDIENTS INC.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $128.5m |
$101.5m
-21.00%
|
$312.6m
+207.99%
|
$296.8m
-5.05%
|
$300.3m
+1.18%
|
$737.7m
+145.63%
|
$647.7m
-12.20%
|
$278.9m
-56.94%
|
$62.8m
-77.48%
|
$70.4m
+12.07%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $133.4m | $105.9m | $321.0m | $300.3m | — | $747.1m | $660.4m | $285.8m | $70.4m | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $4.9m | $4.4m | $8.4m | $3.5m | — | $9.4m | $12.7m | $7.0m | $7.6m | — | — | |
| Depreciation and amortization | $302.1m | $321.2m | $325.5m | $350.2m | $350.2m | $394.7m | $502.0m | $503.8m | $508.5m | $508.5m | $524.7m | |
| Amortization of Debt Issuance Costs | $8.7m | $7.9m | $5.8m | $5.4m | — | $5.0m | $6.2m | $5.6m | $5.5m | — | — | |
| Amortization of Intangible Assets | $78.0m | $75.2m | $73.6m | $74.0m | — | $88.7m | $124.8m | $112.2m | $105.0m | — | — | |
| Depreciation | $302.1m | $321.2m | $325.5m | — | $350.2m | $306.0m | $377.2m | $391.6m | $403.5m | $508.5m | $524.7m | |
| Deferred loan cost amortization | $8.7m | $7.9m | $5.8m | — | $5.4m | $4.0m | $6.2m | $5.6m | — | $5.5m | — | |
| Deferred Income Tax Expense (Benefit) | ($100.6m) | ($15.6m) | $22.2m | $15.3m | — | $39.2m | ($48.3m) | ($122.3m) | ($103.2m) | — | $65.2m | |
| Deferred income taxes | ($98.8m) | ($17.0m) | $20.5m | — | $15.8m | $96.8m | ($22.2m) | ($186.4m) | — | ($79.1m) | $65.2m | |
| Share-based Payment Arrangement, Noncash Expense | $17.6m | $18.8m | $21.0m | $23.2m | — | $25.0m | $33.2m | $20.9m | $21.8m | — | $36.7m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | — | — | — | — | — | |
| Share-based Payment Arrangement, Expense | $17.6m | $18.8m | $21.0m | $23.2m | — | $25.0m | $33.2m | $20.9m | $21.8m | — | $36.7m | |
| Stock-based compensation expense | $17.6m | $18.8m | $21.0m | — | $23.2m | $21.8m | $33.2m | $20.9m | — | $21.8m | $36.7m | |
| Goodwill, Impairment Loss | — | $461k | — | $31.6m | — | $2.7m | — | — | $19.0m | — | $62.1m | |
| Restructuring Costs and Asset Impairment Charges | $0 | $15.0m | $0 | $38.2m | $37.8m | $29.7m | $18.6m | $5.8m | $58.0m | $57.8m | — | |
| Asset impairment charges | $0 | $2.9m | $0 | — | $37.8m | $138k | $4.7m | $0 | — | $57.8m | $62.1m | |
| Income (Loss) from Equity Method Investments | $28.5m | $159.2m | $428k | $3.2m | — | $5.1m | $5.0m | $12.0m | $12.8m | — | — | |
| Nonoperating Income (Expense) | ($101.1m) | ($136.5m) | ($95.8m) | ($80.5m) | — | ($140.5m) | ($234.8m) | ($232.7m) | ($225.2m) | — | — | |
| Other Nonoperating Income (Expense) | ($5.3m) | ($7.6m) | ($6.7m) | ($5.5m) | — | ($3.6m) | $16.3m | $22.3m | $468k | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | ($3.5m) | $6.3m | $26.1m | ($22.4m) | — | $56.5m | $10.8m | ($179.8m) | $50.1m | — | ($108.7m) | |
| Accounts receivable | $3.5m | ($6.3m) | ($26.1m) | — | $22.4m | ($80.0m) | ($10.8m) | $179.8m | — | ($50.1m) | ($108.7m) | |
| Inventories and prepaid expenses | ($15.0m) | $2.4m | ($39.1m) | — | ($18.7m) | ($72.9m) | $49.6m | $163.8m | — | $24.0m | — | |
| Accounts payable and accrued expenses | $73.4m | $14.5m | $32.4m | — | $11.2m | $84.6m | ($82.9m) | ($17.9m) | — | $27.4m | — | |
| Other | ($23.3m) | $12.4m | $3.6m | — | ($12.8m) | $14.7m | $17.9m | ($53.1m) | — | $8.2m | — | |
| Net Cash Provided by (Used in) Operating Activities | $410.6m |
$398.6m
-2.92%
|
$362.6m
-9.03%
|
$624.7m
+72.26%
|
$624.7m
0.00%
|
$813.7m
+30.27%
|
$899.3m
+10.51%
|
$839.3m
-6.67%
|
$1.1b
+26.26%
|
$1.1b
0.00%
|
$1.4b
+27.53%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | $8.1m | $19.3m | $18.2m | ($426k) | $2.8m | $4.5m | $7.4m | $4.2m | $340k | $12.2m | ($449.0m) | |
| Payments to Acquire Property, Plant, and Equipment | ($274.2m) | ($321.9m) | ($359.5m) | $280.1m | ($280.1m) | $391.3m | $555.5m | $332.5m | $380.5m | ($380.5m) | ($470.2m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $12.1m | $107.7m | $1.4m | $29.8m | — | $1.8b | $1.1b | $116.7m | $0 | — | ($600.9m) | |
| Acquisitions, net of cash acquired | ($12.1m) | ($107.7m) | ($1.4m) | — | ($29.8m) | ($2.1m) | ($1.1b) | ($116.7m) | — | $0 | ($600.9m) | |
| Net Cash Provided by (Used in) Investing Activities | ($284.1m) | ($342.4m) | ($338.1m) | ($310.6m) | ($310.6m) | ($2.4b) | ($1.7b) | ($498.9m) | ($681.4m) | ($681.4m) | ($1.0b) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $149.6m | $686.6m | $581.2m | $232.7m | — | $63.1m | $319.4m | $52.2m | $1.6b | — | ($80.8m) | |
| Gain (Loss) on Extinguishment of Debt | ($766k) | ($23.5m) | ($12.1m) | $0 | — | — | — | — | ($3.0m) | — | — | |
| Proceeds from Issuance of Long-term Debt | $33.4m | $624.6m | $517.6m | $34.6m | $34.6m | $1.9b | $817.1m | $5.9m | $1.1b | $1.1b | ($297.9m) | |
| Loss on early retirement of debt | — | — | $12.1m | — | $0 | $0 | $0 | $0 | — | $3.0m | — | |
| Proceeds from long-term debt | $33.4m | $624.6m | $517.6m | — | $34.6m | $43.8m | $817.1m | $5.9m | — | $1.1b | — | |
| Payments on long-term debt | ($149.6m) | ($686.6m) | ($581.2m) | — | ($232.7m) | ($142.1m) | ($319.4m) | ($52.2m) | — | ($1.6b) | — | |
| Borrowings from revolving credit facility | $199.5m | $543.9m | $469.2m | — | $495.7m | $620.6m | $2.7b | $1.4b | — | $2.0b | — | |
| Payments for Repurchase of Common Stock | $0 | $0 | $19.3m | $55.0m | $55.0m | $125.5m | $52.9m | $34.3m | $34.7m | $34.7m | — | |
| Proceeds from Issuance of Common Stock | $22k | $182k | $39k | $67k | $67k | $0 | $0 | $447k | $413k | $413k | $2.7m | |
| Repurchase of common stock | $0 | $0 | ($19.3m) | — | ($55.0m) | ($167.7m) | ($52.9m) | ($34.3m) | — | ($34.7m) | — | |
| Net cash overdraft financing | ($714k) |
$3.5m
+584.59%
|
$38.4m
+1008.87%
|
— | ($37.7m) |
($3.8m)
+89.80%
|
($9.8m)
-154.36%
|
$41.5m
+523.87%
|
— | ($4.1m) | — | |
| Net cash provided/(used) in financing activities | ($154.9m) |
($47.6m)
+69.27%
|
($54.9m)
-15.35%
|
— | ($307.0m) |
($221.4m)
+27.89%
|
$876.3m
+495.87%
|
($399.6m)
-145.60%
|
— | ($376.7m) | — | |
| Net Cash Provided by (Used in) Financing Activities | ($154.9m) |
($47.6m)
+69.27%
|
($54.9m)
-15.35%
|
($307.0m)
-459.33%
|
($307.0m)
0.00%
|
$1.7b
+646.80%
|
$876.3m
-47.80%
|
($399.6m)
-145.60%
|
($376.7m)
+5.72%
|
($376.7m)
0.00%
|
($239.9m)
+36.32%
|
|
| Net increase/(decrease) in cash, cash equivalents and restricted cash | ($7.9m) | $453k | ($34.3m) | — | $8.7m | ($12.6m) | $114.3m | ($47.1m) | — | ($13.8m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $20.5m | $453k | ($34.3m) | $8.7m | $1.6m | $81.1m | $114.3m | ($47.1m) | ($13.8m) | ($15.3m) | $284.5m | |
| Cash, cash equivalents and restricted cash at beginning of year | $106.9m | $107.4m | $73.0m | — | $81.7m | $69.1m | $264.4m | $217.3m | — | $203.5m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($7.9m) | $107.4m | $73.0m | $81.7m | $8.7m | $150.2m | $264.4m | $217.3m | $203.5m | ($13.8m) | $284.5m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $20.5m | ($8.2m) | ($4.0m) | — | $1.6m | $5.3m | $14.2m | $12.0m | ($15.3m) | ($15.3m) | ($19.7m) | |
| Effect of exchange rate changes on cash flows | $20.5m | ($8.2m) | ($4.0m) | — | $1.6m | ($5.4m) | $14.2m | $12.0m | — | ($15.3m) | ($19.7m) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Proceeds from Stock Options Exercised | $100k | $200k | $100k | $100k | — | $100k | $100k | $400k | $400k | — | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $78.2m | $75.0m | $79.1m | $66.2m | — | $113.4m | $261.3m | $243.7m | $203.0m | — | — | |
| Income Taxes Paid, Net | $26.3m | $33.2m | $29.8m | $36.8m | ($11.9m) | $113.0m | $152.7m | $102.7m | $58.4m | ($6.9m) | — | |
| Additional Financial Items | ||||||||||||
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | ($42k) | ($47k) | ($66k) | $22k | — | $22k | $58k | $10k | ($5.6m) | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($6.9m) | ($6.4m) | ($1.3m) | ($2.3m) | — | ($11.3m) | $8.1m | ($1.2m) | ($384k) | — | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | — | — | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Assets | $237k | ($709k) | $20.6m | ($426k) | — | $4.5m | $7.4m | $4.2m | $340k | — | — | |
| Gain (Loss) on Disposition of Business | — | ($12.5m) | $3.0m | $0 | — | — | — | — | — | — | — | |
| Goodwill | $1.3b | $1.2b | $1.2b | $1.3b | — | $2.0b | $2.5b | $2.3b | $2.5b | — | $62.1m | |
| Income Tax Expense (Benefit) | ($69.2m) | $12.0m | $59.5m | $53.3m | — | $146.6m | $59.6m | ($38.3m) | ($9.4m) | — | — | |
| Insured Event, Gain (Loss) | — | — | — | — | — | — | — | — | — | — | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | $253.9m | $222.3m | — | — | |
| Investment Income, Interest | — | — | — | — | — | — | — | $16.0m | — | — | — | |
| Proceeds from Contributions from Parent | $0 | $0 | $0 | — | — | — | — | — | — | — | — | |
| Proceeds from Noncontrolling Interests | — | — | — | — | — | — | — | — | $3.2m | — | — | |
| Proceeds from (Payments to) Noncontrolling Interests | ($17.5m) | $0 | $0 | — | — | — | — | — | — | — | — | |
| Gain on sale of assets | — | — | ($20.6m) | — | $426k | ($958k) | ($7.4m) | ($4.2m) | — | ($340k) | — | |
| Change in fair value of contingent consideration | — | — | — | — | — | $0 | ($7.9m) | ($46.7m) | — | $18.0m | — | |
| Gain on insurance proceeds from insurance settlement | ($1.4m) | ($1.3m) | ($6.6m) | — | ($293k) | $0 | ($14.0m) | ($19.0m) | — | $0 | — | |
| Increase/(decrease) in long-term pension liability | $2.4m | $1.5m | $1.8m | — | ($6.6m) | ($4.7m) | ($1.0m) | $200k | — | $3.5m | — | |
| Write-off deferred loan costs | $766k | $320k | $270k | — | $3.1m | $1.1m | $653k | $0 | — | $0 | — | |
| Equity in net (income)/loss of Diamond Green Diesel and other unconsolidated subsidiaries | — | — | — | — | — | ($377.4m) | ($371.4m) | ($161.1m) | — | $36.0m | — | |
| Distributions of earnings from Diamond Green Diesel and other unconsolidated subsidiaries | $26.8m | $67.6m | $69.2m | — | $207.3m | $4.6m | $168.3m | $184.9m | — | $371.8m | — | |
| Income taxes refundable/payable | $9.4m | ($9.8m) | $9.5m | — | $4.2m | $18.8m | ($39.9m) | ($17.3m) | — | $33.4m | — | |
| Investment in Diamond Green Diesel | — | — | — | — | $0 | ($189.0m) | ($75.0m) | ($90.0m) | — | ($328.2m) | — | |
| Investment in other unconsolidated subsidiaries | — | — | — | — | $0 | ($4.4m) | ($27k) | ($27k) | — | $0 | — | |
| Loan to Diamond Green Diesel | — | — | — | — | $0 | ($25.0m) | $0 | ($100.0m) | — | ($25.0m) | — | |
| Loan repayment from Diamond Green Diesel | — | — | — | — | $0 | $50.0m | $25.0m | $100.0m | — | $25.0m | — | |
| Proceeds from insurance settlement | $6.1m | $1.3m | $6.6m | — | $293k | $0 | $14.0m | $19.0m | — | $15.0m | — | |
| Payments related to routes and other intangibles | ($7.1m) | ($3.9m) | ($3.7m) | — | ($3.8m) | ($274k) | ($1.5m) | ($16k) | — | ($12k) | — | |
| Payments on revolving credit facility | ($204.9m) | ($511.0m) | ($461.7m) | — | ($480.6m) | ($515.4m) | ($2.2b) | ($1.8b) | — | ($1.6b) | — | |
| Acquisition hold-back payments | — | — | — | — | — | — | ($3.8m) | ($157k) | — | ($39.7m) | — | |
| Contingent consideration payments | — | — | — | — | — | $0 | ($3.8m) | ($157k) | — | ($52.7m) | — | |
| Deferred loan costs | ($6.7m) | ($9.7m) | ($7.0m) | — | ($4.3m) | ($3.8m) | ($9k) | $0 | — | ($18.3m) | — | |
| Sale of noncontrolling interest in subsidiary | — | — | — | — | — | — | $0 | $0 | — | $3.2m | — | |
| Acquisition of noncontrolling interest | — | — | $0 | — | ($8.8m) | $0 | $0 | $0 | — | ($42.1m) | — | |
| Distributions to noncontrolling interests | ($5.3m) | ($10.3m) | ($6.5m) | — | ($6.3m) | ($6.0m) | ($9.1m) | ($10.8m) | — | ($5.4m) | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.