Pilgrim’s pride corporation (PPC)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
Cash and cash equivalents

511

260

598

538

378

338

401

640

580

581

401

303

30

292

85

41

574

439

396

574

478

576

868

527

514

508

330

78

43

68

55

49

47

41

46

34

106

Restricted cash and cash equivalents

25

20

26

33

20

23

14

33

10

8

4

20

4

4

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

4

4

4

7

57

61

60

Trade accounts and other receivables, less allowance for doubtful accounts

754

741

602

582

564

561

559

589

629

565

624

406

367

445

350

343

347

348

369

348

364

378

413

404

373

376

407

390

390

384

367

347

350

349

355

364

321

Investment in available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

37

96

-

-

-

0

0

0

0

0

0

0

1

Accounts receivable from related parties

0

0

1

0

0

1

0

1

1

2

0

4

3

4

3

1

6

2

2

1

4

5

0

4

3

2

4

3

3

1

8

24

19

21

6

13

0

Inventories

1,362

1,383

1,261

1,186

1,166

1,159

1,182

1,190

1,242

1,255

1,196

967

924

975

796

832

778

801

841

787

788

790

817

837

793

808

911

952

972

950

979

987

910

879

919

967

1,029

Income taxes receivable

53

60

16

22

31

38

4

-

0

0

16

13

6

-

51

88

24

71

4

64

0

10

0

0

20

64

66

60

58

54

64

65

63

59

57

57

58

Current deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

37

34

30

-

2

2

2

2

-

-

-

0

-

-

-

-

3

3

3

Prepaid expenses and other current assets

152

131

107

113

124

112

116

132

124

102

102

66

77

81

75

95

76

75

96

88

84

95

77

82

72

61

72

71

64

56

54

43

40

52

44

96

81

Assets held for sale

-

-

-

0

0

-

2

2

2

0

2

5

5

5

6

6

6

6

6

6

1

1

1

5

5

7

25

28

26

27

28

44

50

53

46

48

47

Total current assets

2,860

2,598

2,613

2,477

2,286

2,234

2,282

2,590

2,592

2,516

2,350

1,788

1,419

1,809

1,369

1,408

1,813

1,746

1,756

1,903

1,753

1,857

2,181

1,863

1,823

1,928

1,817

1,585

1,559

1,542

1,563

1,567

1,487

1,464

1,537

1,648

1,710

Deferred tax assets

4

4

4

4

4

4

3

3

3

0

-

-

-

-

-

-

-

-

-

-

-

-

85

87

16

18

59

97

97

97

71

71

71

71

35

32

22

Investment in available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

1

12

11

Other long-lived assets

34

36

15

15

16

16

17

18

18

18

20

17

16

19

15

15

15

15

31

30

31

24

30

31

33

40

38

38

42

45

48

48

51

57

62

64

67

Identified intangible assets, net

568

596

533

552

569

564

581

593

628

617

620

153

121

471

40

42

44

47

32

23

25

26

28

29

31

32

33

35

36

38

39

41

42

44

45

46

48

Goodwill

935

973

924

949

970

949

971

982

1,033

1,001

995

175

222

887

125

125

161

156

174

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease assets, net

286

301

300

317

330

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property, plant and equipment, net

2,562

2,592

2,211

2,210

2,195

2,161

2,120

2,113

2,121

2,095

2,076

1,721

1,709

1,833

1,450

1,414

1,350

1,352

1,347

1,189

1,181

1,182

1,180

1,173

1,165

1,151

1,159

1,166

1,181

1,189

1,196

1,209

1,224

1,241

1,317

1,358

1,358

Total assets

7,251

7,102

6,603

6,527

6,372

5,931

5,976

6,302

6,397

6,248

6,063

3,857

3,490

5,021

3,002

3,007

3,386

3,318

3,341

3,147

2,991

3,091

3,505

3,186

3,070

3,172

3,109

2,923

2,918

2,913

2,920

2,939

2,878

2,879

2,999

3,163

3,218

Notes payable to banks

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

21

28

5

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

915

993

846

816

818

827

817

815

782

733

743

519

575

790

494

466

471

482

524

469

412

399

383

387

381

370

370

327

290

312

320

342

293

328

326

335

329

Accounts payable to related parties

7

3

5

5

5

7

6

26

5

2

7

3

5

4

9

4

1

7

10

4

3

4

1

4

6

3

5

5

7

13

6

6

8

11

16

13

7

Revenue contract liability

32

41

39

23

25

33

28

32

29

36

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses and other current liabilities

532

575

494

508

472

389

403

407

351

410

416

324

284

347

297

314

279

314

304

296

272

311

307

290

275

283

302

285

284

283

310

280

290

281

312

315

297

Income taxes payable

1

7

25

8

7

8

42

60

122

222

191

93

50

27

43

38

20

13

20

22

41

3

176

120

-

0

0

10

0

0

-

-

-

0

1

2

6

Current deferred tax liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

40

25

26

-

15

15

15

15

80

104

104

104

79

79

79

79

38

38

38

Current maturities of long-term debt

25

26

26

30

27

30

24

44

149

47

61

40

0

15

0

0

0

0

0

0

0

0

0

0

205

410

0

0

15

15

15

15

15

15

15

15

58

Total current liabilities

1,516

1,648

1,437

1,392

1,357

1,296

1,323

1,387

1,441

1,452

1,420

982

916

1,185

844

824

795

846

906

818

756

719

884

819

884

1,083

759

733

702

730

731

724

687

717

710

719

738

Noncurrent operating lease liability, less current maturities

219

235

231

243

252

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt, less current maturities

2,620

2,276

2,279

2,283

2,303

2,295

2,302

2,584

2,625

2,635

2,548

1,404

1,346

1,396

1,004

1,117

986

985

1,000

1,000

1,150

3

502

502

502

501

912

911

1,126

1,148

1,151

1,214

1,249

1,408

1,458

1,448

1,281

Noncurrent income taxes payable

7

7

7

7

7

7

7

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liabilities

309

301

235

235

236

237

205

196

212

208

286

171

158

251

144

144

132

131

89

80

73

74

0

0

10

13

-

-

-

0

-

-

-

-

4

3

3

Note payable to JBS USA Holdings, Inc.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

50

50

50

0

Other long-term liabilities

101

97

81

91

70

75

70

80

84

96

98

89

88

102

91

101

101

92

103

87

102

97

88

90

87

80

84

87

115

125

144

145

144

145

111

113

117

Total liabilities

4,775

4,566

4,273

4,254

4,228

3,911

3,908

4,248

4,363

4,392

4,353

2,646

2,510

2,935

2,085

2,189

2,015

2,056

2,099

1,987

2,082

894

1,474

1,411

1,484

1,679

1,755

1,732

1,944

2,004

2,027

2,084

2,081

2,321

2,335

2,335

2,140

Commitments and contingencies

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

0

Preferred stock, $.01 par value, 50,000,000 shares authorized; no shares issued

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

0

Common stock

2

2

2

2

2

2

2

2

2

2

2

2

2

307

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

Treasury stock

262

234

234

234

231

231

231

231

231

231

231

231

231

217

119

106

101

99

45

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additional paid-in capital

1,955

1,955

1,952

1,950

1,947

1,945

1,941

1,938

1,933

1,932

1,926

1,688

1,688

3,100

1,681

1,677

1,676

1,675

1,672

1,671

1,670

1,662

1,656

1,655

1,654

1,653

1,644

1,643

1,642

1,642

1,641

1,641

1,641

1,443

1,443

1,443

1,442

Retained earnings

945

877

785

675

505

421

429

399

293

173

39

-193

-426

-782

-591

-689

-142

-261

-324

-461

-702

591

424

168

-22

-120

-263

-424

-615

-669

-692

-735

-804

-843

-758

-596

-348

Accumulated other comprehensive loss

-174

-75

-186

-130

-88

-127

-83

-63

26

-31

-36

-66

-62

-329

-65

-67

-65

-58

-66

-55

-64

-62

-55

-55

-51

-45

-32

-32

-58

-68

-62

-57

-45

-46

-25

-24

-23

Total Pilgrim’s Pride Corporation stockholders’ equity

2,465

2,525

2,319

2,263

2,134

2,009

2,058

2,045

2,024

1,846

1,700

1,199

969

2,077

906

815

1,368

1,258

1,239

1,156

906

2,193

2,027

1,771

1,583

1,489

1,351

1,189

971

906

889

851

793

555

661

824

1,072

Noncontrolling interest

10

10

10

9

9

9

9

9

9

9

9

10

9

8

9

2

2

2

3

3

2

2

3

3

2

2

2

2

2

2

3

3

3

2

2

2

5

Total stockholders’ equity

2,476

2,536

2,330

2,273

2,144

2,019

2,067

2,054

2,033

1,855

1,710

1,210

979

2,086

916

818

1,371

1,261

1,242

1,159

909

2,196

2,030

1,774

1,585

1,492

1,353

1,191

974

908

892

854

796

558

663

827

1,078

Total liabilities and stockholders’ equity

7,251

7,102

6,603

6,527

6,372

5,931

5,976

6,302

6,397

6,248

6,063

3,857

3,490

5,021

3,002

3,007

3,386

3,318

3,341

3,147

2,991

3,091

3,505

3,186

3,070

3,172

3,109

2,923

2,918

2,913

2,920

2,939

2,878

2,879

2,999

3,163

3,218