PILGRIM’S PRIDE CORPORATION PPC Income Statement

Pilgrim’s pride corporation (PPC)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jul'18	Apr'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10	Dec'09
Net sales
3,074	3,063	2,777	2,843	2,724	2,656	2,697	2,836	2,746	2,742	2,793	2,752	2,479	3,392	2,495	2,028	1,962	2,533	2,112	2,053	2,052	2,110	2,268	2,186	2,018	2,047	2,142	2,184	2,036	2,189	2,068	1,974	1,888	1,829	1,891	1,922	1,892	1,719	1,707	1,602
Cost of sales
2,897	2,862	2,495	2,475	2,505	2,544	2,527	2,562	2,459	2,480	2,315	2,277	2,222	3,064	2,242	1,742	1,725	2,328	1,827	1,621	1,675	1,731	1,817	1,837	1,802	1,839	1,906	1,901	1,918	2,114	1,962	1,830	1,778	1,810	1,953	1,966	1,944	1,560	1,575	1,531
Operational restructuring charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	0	1	1	2	-	2
Gross profit
177	201	282	367	218	111	169	274	287	261	478	474	256	327	253	286	237	205	284	432	377	379	450	349	215	207	236	282	118	75	106	144	110	20	-62	-46	-53	157	132	68
Selling, general and administrative expense
92	115	94	88	81	85	84	87	85	105	102	92	89	136	75	49	48	80	52	48	49	50	44	48	45	49	43	44	43	45	41	44	45	49	51	51	53	45	63	62
Administrative restructuring activity
0	0	-0	-0	-0	2	0	1	0	1	4	4	0	-	0	0	-	-	0	4	-	0	0	0	1	1	3	0	0	2	2	0	2	14	11	0	0	-1	16	-1
Total costs and expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,595
Operating income
84	85	188	279	137	23	85	185	201	155	372	378	166	189	176	236	188	124	231	378	327	328	405	300	168	157	189	237	73	27	61	99	61	-43	-125	-98	-106	113	51	7
Interest expense, net of capitalized interest
32	33	32	33	33	36	35	40	50	40	24	22	19	32	19	11	12	19	10	11	4	36	11	14	19	18	20	22	24	26	25	24	28	28	27	27	27	26	26	44
Interest income
1	2	4	3	3	3	4	4	1	4	2	1	0	0	0	0	0	0	0	1	1	1	1	0	0	1	0	0	-0	1	-0	0	0	-1	-0	-0	0	0	0	0
Foreign currency transaction loss (gain)
18	1	-3	-2	-2	-19	6	-5	1	0	0	2	-0	-4	-4	4	0	-2	-12	-2	-8	-23	-6	1	-0	15	-2	-9	-7	14	-7	-8	5	-4	13	0	2	0	-	-0
Loss on early extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Miscellaneous, net
34	-2	-1	-1	0	0	-0	0	1	1	1	1	2	3	2	0	2	1	2	4	0	1	0	0	1	3	0	0	-0	0	0	0	0	-5	-3	-1	1	1	4	1
Total other expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	43
Income (loss) from continuing operations before reorganization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-89	-30	-35
Reorganization items, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2	32
Income before income taxes
105	110	156	245	104	-29	60	144	156	119	351	360	150	156	155	231	180	104	210	370	315	273	389	289	150	143	166	206	56	2	43	66	40	-70	-162	-124	-129	89	33	-68
Income tax expense
38	18	46	75	20	-20	30	38	37	-14	113	115	49	49	53	78	62	24	73	129	111	106	133	99	52	0	5	15	2	-20	1	-2	0	15	-0	3	-9	30	-1	-102
Income (loss) from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33
Income from discontinued business, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net income
67	92	110	170	84	-8	29	106	119	133	238	245	100	107	101	153	118	80	137	241	204	167	255	190	98	143	161	190	54	22	42	69	39	-85	-162	-127	-119	58	34	33
Less: Net income from Granite Holdings Sàrl prior to acquisition by Pilgrim’s Pride Corporation
-	-	-	-	-	-	-	-	-	0	6	11	6	-	3	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Net income attributable to noncontrolling interests
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	0	0	1	0
Net income attributable to Pilgrim’s Pride Corporation
67	92	109	170	84	-7	29	106	119	134	232	233	93	70	98	152	118	63	137	241	204	167	255	190	98	143	160	190	54	22	42	69	39	-85	-162	-128	-120	57	32	33
Weighted average shares of Pilgrim's Pride Corporation common stock outstanding:
Comprehensive income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-162	-128	-120	-	-	-
Comprehensive income (loss) attributable to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0	0	0	-	-	-
Comprehensive income (loss) attributable to Pilgrim's Pride
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-162	-128	-121	-	-	-
Basic (in shares)
249	249	249	249	249	248	248	248	248	248	248	248	248	250	254	254	254	255	259	259	259	258	258	258	258	258	258	258	258	259	258	258	223	224	224	224	224	214	214	74
Effect of dilutive common stock equivalents (in shares)
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	0	-	-	2
Diluted (in shares)
249	249	249	249	249	249	249	249	248	248	248	248	248	251	254	254	255	255	259	259	259	259	259	259	259	259	259	259	258	259	258	258	223	224	224	224	224	214	214	77
Net income attributable to Pilgrim’s Pride Corporation per share of common stock outstanding:
Income (loss) from continuing operations attributable to Pilgrims Pride Corporation common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.45
Income from discontinued business attributable to Pilgrims Pride Corporation common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00
Basic (in dollars per share)
0.27	0.37	0.44	0.68	0.34	-0.03	0.12	0.43	0.48	0.53	0.94	0.94	0.38	0.29	0.39	0.60	0.46	0.25	0.53	0.93	0.79	0.65	0.99	0.73	0.38	0.55	0.62	0.74	0.21	0.08	0.17	0.27	0.18	-0.38	-0.72	-0.57	-0.54	0.27	0.15	0.45
Income (loss) from continuing operations attributable to Pilgrims Pride Corporation common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.44
Income from discontinued business attributable to Pilgrims Pride Corporation common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00
Diluted (in dollars per share)
0.27	0.37	0.44	0.68	0.34	-0.03	0.12	0.43	0.48	0.54	0.93	0.94	0.38	0.28	0.39	0.60	0.46	0.25	0.53	0.93	0.79	0.64	0.99	0.73	0.38	0.55	0.62	0.74	0.21	0.08	0.17	0.27	0.18	-0.38	-0.72	-0.57	-0.54	0.27	0.15	0.44
Income (loss) from continuing operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33
Income from discontinued business, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net income (loss) attributable to Pilgrim's Pride Corporation
67	92	109	170	84	-7	29	106	119	134	232	233	93	-	98	152	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	57	32	33