PPC FY 2012 Earnings Report — Pilgrim's Pride Corporation Revenue & Financial Results | Market Cap Arena

Pilgrim's Pride CorporationPPC

FY 2012 Earnings

Reported February 15, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$8.1B	—	$7.5B	—	7.8%
Op. Income	$250M	—	-$374M	—	167.0%
Gross Margin	5.4%	—	-1.9%	—	7.2pp
Net Margin	2.1%	—	-6.6%	—	8.7pp
EPS (Diluted)	$0.70	—	$-2.21	—	131.7%
Free Cash Flow	$109M	—	-$265M	—	141.3%

Revenue Flow

Item	Amount
REVENUE	$8.1B
Cost of Revenue	$7.7B
GROSS PROFIT	$436M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$177M
Other Expenses	$8M
Operating Expenses	$185M
Cost & Expenses	$7.9B
OPERATING INCOME	$250M
Interest Income	$1M
Interest Expense	$105M
Other Income/Expenses	-$97M
INCOME BEFORE TAX	$153M
Income Tax Expense	-$21M
Net Income from Continuing Ops	$174M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$174M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$174M
D&A	$147M
EBIT	$258M
EBITDA	$405M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$8.1B
Cost of Revenue	$7.7B
GROSS PROFIT	$436M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$177M
Other Expenses	$8M
Operating Expenses	$185M
Cost & Expenses	$7.9B
OPERATING INCOME	$250M
Interest Income	$1M
Interest Expense	$105M
Other Income/Expenses	-$97M
INCOME BEFORE TAX	$153M
Income Tax Expense	-$21M
Net Income from Continuing Ops	$174M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$174M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$174M
D&A	$147M
EBIT	$258M
EBITDA	$405M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$174M
Depreciation & Amortization	$147M
Stock-Based Compensation	$684.0K
Deferred Income Tax	-$1M
Other Non-Cash Items	$3M
Change in Working Capital	-$125M
OPERATING CASH FLOW	$200M
Capital Expenditure	-$90M
Acquisitions (Net)	$0
Purchases of Investments	-$162.0K
Sales/Maturities of Investments	$688.0K
Other Investing Activities	$29M
NET CASH FROM INVESTING	-$60M
Net Debt Issuance	-$309M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	-$111M
FREE CASH FLOW	$109M
Net Change in Cash	$27M

Balance Sheet

Item	Amount
Cash & Equivalents	$68M
Short-Term Investments	$0
Net Receivables	$441M
Inventory	$950M
Other Current Assets	$27M
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$1.2B
Goodwill	$0
Intangible Assets	$38M
Long-Term Investments	$0
Tax Assets	$97M
Other Non-Current Assets	$46M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$2.9B
Account Payables	$266M
Short-Term Debt	$16M
Deferred Revenue	$0
Other Current Liabilities	$292M
TOTAL CURRENT LIABILITIES	$730M
Long-Term Debt	$1.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$126M
TOTAL NON-CURRENT LIABILITIES	$1.3B
TOTAL LIABILITIES	$2.0B
Common Stock	$3M
Additional Paid-In Capital	$1.6B
Retained Earnings	-$670M
Treasury Stock	$0
Accum. Other Comp. Income	-$69M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$906M
Minority Interest	$3M
TOTAL EQUITY	$909M
TOTAL LIABILITIES & EQUITY	$2.9B
Total Debt	$1.2B
Net Debt	$1.1B