← PILGRIMS PRIDE CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $440.5m |
$694.6m
+57.67%
|
$247.9m
-64.30%
|
$455.9m
+83.88%
|
$94.8m
-79.22%
|
$31.0m
-67.28%
|
$745.9m
+2306.23%
|
$321.6m
-56.89%
|
$1.1b
+237.85%
|
$1.1b
-0.38%
|
— | |
| Net Income (Loss) Attributable to Noncontrolling Interest | ($803k) | $102k | ($1.1m) | $612k | $313k | $268k | $608k | $743k | $785k | $985k | — | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $439.7m | $718.2m | $246.8m | $456.5m | $95.1m | $31.3m | $746.5m | $322.3m | $1.1b | $1.1b | — | |
| Amortization of Debt Issuance Costs | — | — | — | $4.8m | $4.8m | $5.1m | $4.8m | $7.4m | $5.0m | $4.9m | — | |
| Amortization of Intangible Assets | $8.9m | $26.4m | $25.7m | $22.9m | $22.7m | $26.4m | $33.7m | $33.1m | $32.4m | $33.1m | — | |
| Depreciation | $167.8m | $245.4m | $248.3m | $264.3m | $314.4m | $354.4m | $369.4m | $386.8m | $401.2m | $423.0m | $479.9m | |
| Depreciation, Depletion and Amortization | $180.5m | $277.8m | $279.7m | $287.2m | $337.1m | $380.8m | $403.1m | $419.9m | $433.6m | $456.2m | $479.9m | |
| Loan cost amortization | — | $6.0m | $5.6m | $4.8m | $4.8m | $5.1m | $4.8m | $7.4m | $5.0m | $4.9m | — | |
| Deferred Income Tax Expense (Benefit) | ($3.4m) | ($50.0m) | $32.5m | $42.5m | $37.3m | ($86.4m) | $21.3m | $6.7m | $4.8m | $10.0m | $23.8m | |
| Deferred Other Tax Expense (Benefit) | ($3.4m) | ($50.0m) | $32.5m | $42.5m | $37.3m | ($86.4m) | $21.3m | $6.7m | $4.8m | $10.0m | — | |
| Share-based Payment Arrangement, Expense | $6.1m | $3.0m | $13.2m | — | — | — | — | — | — | — | $26.4m | |
| Share-based Payment Arrangement, Noncash Expense | $6.1m | $3.0m | $13.2m | $10.1m | ($276k) | $11.7m | $7.0m | $7.2m | $14.9m | $29.4m | $26.4m | |
| Stock-based compensation | $6.1m | $3.0m | $13.2m | $10.1m | ($276k) | $11.7m | $7.0m | $7.2m | $14.9m | $29.4m | $26.4m | |
| Asset impairment | $790k | $5.2m | $3.5m | $0 | $0 | $0 | $3.6m | $4.0m | $28.6m | $493k | $21.9m | |
| Goodwill, Impairment Loss | $0 | $0 | $1.2m | $0 | — | — | — | — | — | — | $21.9m | |
| Impairment of Intangible Assets (Excluding Goodwill) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Income (Loss) from Equity Method Investments | ($452k) | $59k | $63k | $63k | ($291k) | $16k | $2k | ($328k) | $7k | $0 | — | |
| Loss (gain) on equity method investments | $452k | ($59k) | ($63k) | ($63k) | $291k | ($16k) | ($2k) | $328k | ($7k) | $0 | — | |
| Other Nonoperating Income (Expense) | $7.2m | $6.5m | $2.7m | ($4.6m) | $39.7m | $11.6m | $23.3m | $30.1m | ($15.3m) | $5.6m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Accounts Receivable, Credit Loss Expense (Reversal) | $114k | $2.7m | $1.6m | $1.7m | — | — | — | — | — | — | $201.3m | |
| Increase (Decrease) in Accounts Receivable | ($35.6m) | $82.2m | $10.9m | $25.0m | ($29.2m) | $259.4m | $149.6m | $19.0m | ($88.3m) | $113.1m | $201.3m | |
| Trade accounts and other receivables | $35.6m | ($82.2m) | ($10.9m) | ($25.0m) | $29.2m | ($259.4m) | ($149.6m) | ($19.0m) | $88.3m | ($113.1m) | — | |
| Increase (Decrease) in Inventories | $11.9m | $207.4m | ($83.2m) | $111.7m | ($26.0m) | $177.9m | $472.2m | ($12.6m) | ($134.5m) | $193.5m | ($95.4m) | |
| Inventories | ($11.9m) | ($207.4m) | $83.2m | ($111.7m) | $26.0m | ($177.9m) | ($472.2m) | $12.6m | $134.5m | ($193.5m) | ($95.4m) | |
| Accounts payable, accrued expenses and other current liabilities | $38.4m | ($22.8m) | $86.8m | $119.9m | $295.3m | $359.6m | $263.3m | ($68.7m) | $126.7m | $155.8m | — | |
| Other operating assets and liabilities | ($759k) | ($753k) | $4.5m | $5.8m | $6.6m | ($5.8m) | ($12.3m) | ($30.7m) | ($28.7m) | ($57.7m) | — | |
| Prepaid expenses and other current assets | $18.1m | ($14.8m) | ($11.6m) | ($15.5m) | ($50.3m) | ($53.8m) | $18.3m | $17.8m | ($33.3m) | ($44.5m) | — | |
| Net Cash Provided by (Used in) Operating Activities | $755.5m |
$801.3m
+6.07%
|
$491.6m
-38.65%
|
$666.5m
+35.57%
|
$724.2m
+8.66%
|
$326.5m
-54.92%
|
$669.9m
+105.19%
|
$677.9m
+1.20%
|
$2.0b
+193.58%
|
$1.4b
-31.08%
|
$1.2b
-10.95%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | $7.7m | $500k | $1.9m | $10.9m | $13.8m | $1.5m | ($18.9m) | ($6.1m) | ($1.8m) | ($711.1m) | $21.2m | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $7.7m | $506k | $1.9m | $10.9m | $13.8m | $1.5m | $18.9m | $6.1m | ($1.8m) | ($3.9m) | $21.2m | |
| Loss (gain) on property disposals | ($7.7m) | ($506k) | ($1.9m) | ($10.9m) | ($13.8m) | ($1.5m) | ($18.9m) | ($6.1m) | $1.8m | $3.9m | — | |
| Payments to Acquire Property, Plant, and Equipment | $272.5m | $339.9m | $348.7m | $348.1m | $354.8m | $381.7m | $487.1m | $557.8m | $458.5m | $718.5m | ($917.0m) | |
| Proceeds from property disposals | $10.8m | $4.5m | $9.8m | $15.8m | $32.0m | $24.7m | $35.5m | $19.8m | $15.4m | $5.6m | — | |
| Proceeds from property insurance recoveries | — | — | — | — | $0 | $0 | $16.0m | $20.7m | $0 | $0 | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $0 | $658.5m | $0 | $384.7m | $4.2m | $966.8m | $9.7m | $0 | $0 | — | $0 | |
| Cash used in investing activities | ($261.7m) | ($992.1m) | ($338.9m) | ($717.1m) | ($327.0m) | ($1.3b) | ($445.3m) | ($503.4m) | ($460.8m) | ($705.5m) | — | |
| Net Cash Provided by (Used in) Investing Activities | ($261.7m) | ($992.1m) | ($338.9m) | ($717.1m) | ($327.0m) | ($1.3b) | ($445.3m) | ($503.4m) | ($460.8m) | ($705.5m) | ($907.0m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | $0 | $0 | ($15.8m) | $0 | $0 | ($24.7m) | $0 | ($20.7m) | $11.2m | ($573k) | — | |
| Loss (gain) on early extinguishment of debt recognized as a component of interest expense | $0 | $0 | $15.8m | $0 | $0 | $24.7m | $0 | $20.7m | ($11.2m) | $573k | — | |
| Payment on early extinguishment of debt | $0 | $0 | ($9.8m) | $0 | $0 | ($21.3m) | $0 | ($13.8m) | ($200k) | ($2.1m) | — | |
| Payments on revolving line of credit, long-term borrowings and finance lease obligations | ($556.7m) | ($628.7m) | ($1.1b) | ($289.9m) | ($431.0m) | ($2.0b) | ($388.3m) | ($1.6b) | ($152.1m) | ($115.2m) | — | |
| Proceeds from Issuance of Long-term Debt | $579.9m | $1.9b | $748.4m | $259.5m | $404.5m | $3.0b | $362.5m | $1.8b | $0 | $0 | $0 | |
| Proceeds from revolving line of credit and long-term borrowings | $579.9m | $1.9b | $748.4m | $259.5m | $404.5m | $3.0b | $362.5m | $1.8b | $0 | $0 | — | |
| Repayments of Long-term Debt | $556.7m | $628.7m | $1.1b | $289.9m | $431.0m | $2.0b | $388.3m | $1.6b | $152.1m | $115.2m | ($337.9m) | |
| Dividends paid | $699.9m | $0 | $0 | — | — | — | — | — | — | $2.0b | ($498.9m) | |
| Payment of cash dividends | ($699.9m) | $0 | $0 | — | — | — | — | $0 | $0 | ($2.0b) | — | |
| Payments of Dividends | $699.9m | $0 | $0 | — | — | — | — | — | — | $2.0b | ($498.9m) | |
| Cash provided by (used in) financing activities | ($813.1m) |
$466.4m
+157.36%
|
($384.2m)
-182.39%
|
($34.5m)
+91.01%
|
($136.7m)
-295.96%
|
$901.3m
+759.30%
|
($232.0m)
-125.74%
|
$116.7m
+150.31%
|
($150.9m)
-229.29%
|
($2.1b)
-1300.16%
|
— | |
| Increase (decrease) in cash and cash equivalents | ($319.3m) | $292.0m | ($228.0m) | ($81.0m) | $267.8m | ($98.3m) | ($15.4m) | $296.5m | $1.3b | ($1.4b) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $0 | $292.0m | ($228.0m) | ($81.0m) | $267.8m | ($98.3m) | ($15.4m) | $296.5m | $1.3b | ($1.4b) | $393.8m | |
| Cash and cash equivalents, restricted cash and restricted cash equivalents, beginning of year | $297.5m | $589.5m | $361.6m | $280.6m | $548.4m | $450.1m | $434.8m | $731.2m | $2.0b | $640.2m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $297.5m | $589.5m | $361.6m | $280.6m | $548.4m | $450.1m | $434.8m | $731.2m | $2.0b | $640.2m | $393.8m | |
| Effect of exchange rate changes on cash and cash equivalents | $0 | $16.4m | $3.5m | $4.1m | $7.3m | ($2.3m) | ($8.0m) | $5.2m | ($66.5m) | $43.9m | $4.5m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Accretion of bond discount | $0 | $0 | $812k | $982k | $982k | $1.5m | $1.7m | $2.3m | $2.5m | $2.4m | — | |
| Additional Financial Items | ||||||||||||
| Derivative, Gain (Loss) on Derivative, Net | ($4.3m) | $6.7m | ($27.1m) | ($30.1m) | $40.7m | $50.5m | $27.3m | ($34.9m) | ($12.7m) | ($4.4m) | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | $0 | $1.4m | ($5.3m) | $5.0m | $0 | $0 | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($3.9m) | $2.7m | ($17.2m) | ($6.9m) | ($760k) | $9.4m | ($30.8m) | ($20.6m) | $10.0m | ($6.8m) | — | |
| Gain (Loss) on Disposition of Intangible Assets | — | — | — | — | — | — | $0 | $0 | — | — | — | |
| Goodwill | $125.6m | $1.0b | $949.8m | $973.8m | $1.0b | $1.3b | $1.2b | $1.3b | $1.2b | $1.3b | $21.9m | |
| Income Tax Expense (Benefit) | $232.9m | $263.9m | $85.4m | $161.0m | $66.8m | $61.1m | $278.9m | $42.9m | $325.0m | $418.8m | — | |
| Income Taxes Paid, Net | $152.9m | $123.0m | $253.9m | $125.9m | $51.7m | $20.9m | $385.6m | $19.7m | $197.6m | $361.9m | — | |
| Income taxes | $74.6m | $188.1m | ($248.5m) | ($26.4m) | ($39.4m) | $115.2m | ($142.5m) | ($8.9m) | $109.4m | $35.4m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $161.2m | $161.4m | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $41.8m | $81.3m | $154.6m | $130.9m | $130.6m | $119.3m | $156.3m | $131.2m | $182.0m | $155.5m | — | |
| Investment Income, Interest | $1.7m | $7.7m | $13.8m | $14.3m | $7.3m | $6.1m | $9.0m | $35.7m | $72.7m | $51.1m | — | |
| Long-term pension and other postretirement obligations | ($10.2m) | ($10.9m) | ($6.8m) | ($9.2m) | ($7.9m) | ($18.5m) | ($4.1m) | ($10.0m) | $26.1m | ($1.9m) | — | |
| Payment of capitalized loan costs | ($693k) | ($13.6m) | ($12.6m) | ($652k) | $0 | ($22.3m) | ($4.7m) | ($19.8m) | ($16k) | $0 | — | |
| Proceeds from Contributed Capital | $3.7m | $5.0m | $5.6m | — | — | — | — | — | — | — | — | |
| Proceeds from Noncontrolling Interests | $7.3m | $0 | $1.4m | $0 | $0 | — | — | — | — | — | — | |
| Proceeds from contribution (payment of distribution) of capital under Tax Sharing Agreement between JBS USA Holdings and Pilgrim’s Pride Corporation | — | $5.0m | $5.6m | ($525k) | $0 | ($650k) | ($2.0m) | ($1.6m) | $1.4m | $0 | — | |
| Purchase of noncontrolling interest | — | — | — | — | — | — | — | $0 | $0 | ($1.3m) | — | |
| Restructuring Costs | — | — | — | — | — | — | $30.5m | $44.3m | — | — | — | |
| Supplemental disclosure of cash flow information: |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.