FLOWERS FOODS, INC FLO Balance Sheet

Flowers foods, inc (FLO)

Balance Sheet / Quarterly

Apr'20	Dec'19	Oct'19	Jul'19	Apr'19	Dec'18	Sep'18	Jun'18	Apr'18	Dec'17	Sep'17	Jun'17	Apr'17	Dec'16	Sep'16	Jul'16	Apr'16	Dec'15	Sep'15	Jul'15	Apr'15	Dec'14	Sep'14	Jun'14	Apr'14	Dec'13	Sep'13	Jun'13	Apr'13	Dec'12	Sep'12	Jun'12	Apr'12	Dec'11	Sep'11	Jul'11	Apr'11	Dec'10	Sep'10	Jul'10	Dec'09
ASSETS
Current assets:
Cash and cash equivalents
252	11	6	9	11	25	49	29	34	5	7	7	6	6	7	11	11	14	8	46	7	7	8	8	8	8	10	12	14	13	14	222	186	7	8	13	8	6	7	6	18
Accounts and notes receivable, net of allowances of $13,909 and $9,473, respectively
341	285	299	311	308	287	298	307	292	280	294	288	283	271	284	293	283	269	267	260	258	235	251	261	268	253	266	266	267	256	221	203	200	185	193	197	176	166	177	184	178
Inventories, net:
Raw materials
51	46	45	44	43	44	43	43	43	41	40	39	36	41	41	40	42	42	41	36	35	33	34	35	34	37	35	33	33	32	29	27	27	26	27	26	21	20	20	20	20
Packaging materials
23	22	23	21	21	21	22	21	21	19	20	20	20	20	21	23	22	21	21	20	20	19	20	20	21	21	21	21	21	18	18	16	16	15	17	16	12	12	13	13	12
Finished goods
60	58	61	56	58	56	52	50	46	49	49	47	47	48	50	48	50	46	47	41	42	39	43	41	41	42	46	40	40	39	40	33	35	31	38	33	32	27	31	28	27
Inventories, net
135	127	130	123	124	122	119	115	111	111	110	107	104	110	113	112	115	111	109	99	98	93	97	98	96	100	103	96	94	91	88	78	79	74	83	76	66	60	66	62	60
Spare parts and supplies
67	67	66	67	65	65	64	62	62	61	60	60	60	59	59	58	57	57	56	55	54	54	54	53	52	47	47	46	46	45	44	41	41	39	39	39	36	37	36	36	35
Deferred taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	31	25	29	26	37	30	22	31	29	32	33	29	20	23	33	36	32	25	4	1	1	13	20
Deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18	18	-	-	-	-	-	-	-	-	-	-	-	-
Other
34	62	62	57	66	43	38	55	32	49	51	25	32	28	29	35	26	47	38	29	40	43	56	48	29	44	29	32	30	29	23	25	21	35	50	39	35	41	42	25	24
Total current assets
831	553	565	569	577	543	569	570	533	507	524	489	487	476	494	512	495	500	513	516	489	460	505	500	477	487	487	505	504	464	412	594	562	378	407	390	329	313	331	328	338
Property, plant and equipment, net:
Land
-	-	-	-	-	94	-	-	-	90	-	-	-	89	-	-	-	93	-	-	-	93	-	-	-	99	-	-	-	75	-	-	-	69	-	-	-	67	-	-	64
Buildings
-	-	-	-	-	483	-	-	-	462	-	-	-	458	-	-	-	455	-	-	-	441	-	-	-	444	-	-	-	378	-	-	-	360	-	-	-	329	-	-	323
Machinery and equipment
-	-	-	-	-	1,186	-	-	-	1,155	-	-	-	1,147	-	-	-	1,162	-	-	-	1,115	-	-	-	1,075	-	-	-	964	-	-	-	895	-	-	-	795	-	-	737
Furniture, fixtures and transportation equipment
-	-	-	-	-	172	-	-	-	176	-	-	-	158	-	-	-	131	-	-	-	124	-	-	-	107	-	-	-	97	-	-	-	81	-	-	-	69	-	-	102
Construction in progress
-	-	-	-	-	44	-	-	-	22	-	-	-	37	-	-	-	38	-	-	-	18	-	-	-	41	-	-	-	21	-	-	-	13	-	-	-	22	-	-	27
Property, plant and equipment, gross
2,000	2,002	1,981	1,980	1,963	1,981	1,969	1,943	1,929	1,906	1,898	1,887	1,888	1,891	1,932	1,902	1,890	1,881	1,848	1,820	-	1,792	-	-	-	1,768	-	-	-	1,536	-	-	-	1,421	-	-	-	1,284	-	-	1,255
Less: accumulated depreciation
1,303	1,284	1,272	1,266	1,251	1,237	1,249	1,227	1,207	1,174	1,163	1,145	1,132	1,110	1,143	1,124	1,102	1,076	1,064	1,042	-	985	-	-	-	901	-	-	-	811	-	-	-	735	-	-	-	679	-	-	652
Property, plant and equipment, net
697	717	709	713	711	743	720	716	721	732	735	741	756	781	789	778	787	804	784	777	789	807	821	824	840	867	893	718	720	725	728	670	676	685	702	701	600	604	599	596	602
Financing lease right-of-use assets
20	22	24	23	24	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease right-of-use assets
364	376	379	374	377	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Notes receivable from independent distributor partners
193	198	200	201	203	204	203	203	199	187	179	169	159	154	153	149	147	154	162	164	164	161	156	156	149	142	134	117	103	102	100	101	101	102	101	100	92	92	91	92	94
Postretirement assets
-	-	-	-	-	-	-	20	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets held for sale
12	4	4	5	6	6	4	5	8	15	20	26	31	36	43	43	44	36	34	30	37	39	50	62	61	54	31	47	63	30	26	14	13	12	14	15	12	11	10	8	6
Contingently Refundable Consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7	7	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
7	8	7	7	6	6	7	7	8	10	9	9	9	9	7	7	8	7	11	11	11	12	12	12	14	12	15	14	14	14	15	16	16	13	14	15	6	5	5	6	4
Goodwill
545	545	545	545	545	545	464	464	464	464	464	464	464	465	465	464	464	464	425	282	282	282	282	277	280	282	276	271	270	269	276	219	219	219	220	220	200	200	200	200	201
Other intangible assets, net
740	750	772	779	785	794	722	728	734	742	748	820	827	835	856	862	867	875	820	643	646	644	647	650	653	656	663	473	476	388	390	136	138	141	143	145	95	97	98	99	103
Total assets
3,413	3,177	3,209	3,219	3,239	2,845	2,693	2,717	2,670	2,659	2,682	2,721	2,736	2,761	2,809	2,817	2,815	2,844	2,752	2,427	2,422	2,408	2,477	2,484	2,477	2,504	2,501	2,155	2,160	1,995	1,950	1,754	1,729	1,553	1,604	1,589	1,335	1,325	1,336	1,333	1,351
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current maturities of long-term debt and capital lease obligations
1	3	3	4	5	5	11	9	11	12	12	12	10	11	11	130	110	74	53	34	34	34	35	34	30	31	23	20	38	71	72	62	53	42	33	31	29	28	26	25	25
Current maturities of capital leases
7	8	7	5	5	5	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current maturities of operating leases
53	52	52	51	51	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
257	233	251	254	240	242	246	242	209	181	184	173	184	173	181	179	182	171	183	171	172	142	147	149	157	151	157	158	152	153	132	115	115	115	123	130	121	102	107	102	92
Current postretirement/post-employment obligations
0	29	20	-	-	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	11	-	-	-	-	-
Other accrued liabilities
183	201	185	177	192	146	143	159	152	200	211	172	157	156	154	160	147	157	144	138	146	138	152	155	137	144	140	146	141	129	129	116	109	110	150	124	109	112	115	115	103
Total current liabilities
504	528	521	494	495	400	401	411	373	393	408	358	352	340	347	470	440	403	381	344	352	315	336	339	325	327	320	325	332	354	334	294	278	268	311	297	260	242	249	243	221
Long-term debt and right-of-use lease liabilities:
Noncurrent long-term debt
1,069	862	874	888	934	974	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncurrent capital lease obligations
18	19	21	21	22	16	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncurrent operating lease obligations
316	324	328	326	329	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term debt and capital leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	162	201	-	132	26	-	283	-	-	-	-	-	-	-
4.375% senior notes due 2022
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	399	399	-	399	399	399	-	-	-	-	-	-	-	-
Total long-term debt and right-of-use lease liabilities
1,403	1,206	1,224	1,236	1,287	990	814	816	818	820	843	834	881	946	980	895	953	930	843	659	671	728	780	791	810	892	903	561	600	535	531	425	43	283	305	287	90	98	116	137	225
Total long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	443	-	-	-	-	-	-	-	-
Postretirement/post-employment obligations
14	14	13	36	37	39	41	20	36	60	63	63	65	69	127	129	72	76	75	80	87	93	22	32	35	44	139	152	156	159	133	136	141	155	91	99	74	76	66	67	68
Deferred taxes
125	121	109	110	101	102	103	112	96	82	125	153	146	145	131	126	149	146	174	102	99	94	121	121	118	112	74	75	74	39	38	35	35	35	48	52	64	66	61	62	63
Other long-term liabilities
43	44	46	47	49	54	55	59	54	51	49	47	44	48	45	43	42	44	48	49	53	53	55	52	49	51	56	54	50	48	48	48	49	52	54	54	47	45	44	44	43
Total other long-term liabilities
183	179	169	194	189	196	200	191	186	194	238	264	257	263	305	299	265	267	298	232	240	241	198	207	203	207	271	282	281	247	220	220	227	243	194	206	186	188	172	174	175
Commitments and Contingencies
-	-	-	-	-	-	0	0	0	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	-	-	-
Stockholders’ equity:
Common stock — $.01 stated par value and $.001 current par value, 500,000,000 authorized shares and 228,729,585 shares and 228,729,585 shares issued, respectively
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	0	1	1	1
Treasury stock — 17,167,036 shares and 17,215,514 shares, respectively
225	226	226	226	227	231	231	231	232	235	247	250	252	261	272	281	277	174	180	196	197	202	187	186	189	190	187	189	198	196	196	214	222	221	221	213	226	214	198	181	189
Capital in excess of par value
651	648	646	645	645	653	652	650	649	650	648	645	644	644	641	638	618	636	626	617	614	613	609	602	597	593	589	584	577	571	568	549	546	544	541	539	535	540	536	533	531
Retained earnings
900	947	985	981	969	945	962	960	953	919	876	946	937	910	930	923	905	877	876	863	841	809	808	789	772	735	720	711	688	597	581	571	565	547	545	534	526	503	490	477	437
Accumulated other comprehensive loss
-5	-106	-112	-106	-119	-109	-105	-82	-79	-84	-86	-76	-85	-83	-122	-127	-92	-96	-93	-92	-100	-98	-69	-59	-43	-62	-115	-120	-121	-114	-90	-93	-108	-112	-72	-62	-38	-33	-31	-52	-64
Total stockholders’ equity
1,320	1,263	1,293	1,294	1,267	1,258	1,277	1,297	1,291	1,250	1,191	1,264	1,244	1,210	1,177	1,152	1,155	1,243	1,228	1,191	1,158	1,123	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	797	778	715
Noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	12
Total stockholders' equity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,161	1,146	1,137	1,076	1,006	986	946	858	863	813	781	758	792	798	798	795	797	778	728
Total liabilities and stockholders’ equity
3,413	3,177	3,209	3,219	3,239	2,845	2,693	2,717	2,670	2,659	2,682	2,721	2,736	2,761	2,809	2,817	2,815	2,844	2,752	2,427	2,422	2,408	2,477	2,484	2,477	2,504	2,501	2,155	2,160	1,995	1,950	1,754	1,729	1,553	1,604	1,589	1,335	1,325	1,336	1,333	1,351