PPC FY 2017 Earnings Report — Pilgrim's Pride Corporation Revenue & Financial Results | Market Cap Arena

Pilgrim's Pride CorporationPPC

FY 2017 Earnings

Reported February 16, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$10.8B	—	—	—	—
Op. Income	$1.1B	—	—	—	—
Gross Margin	13.7%	—	—	—	—
Net Margin	6.7%	—	—	—	—
EPS (Diluted)	$2.79	—	—	—	—
Free Cash Flow	$461M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$10.8B
Cost of Revenue	$9.3B
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$390M
Other Expenses	$10M
Operating Expenses	$399M
Cost & Expenses	$9.7B
OPERATING INCOME	$1.1B
Interest Income	$8M
Interest Expense	$107M
Other Income/Expenses	-$90M
INCOME BEFORE TAX	$982M
Income Tax Expense	$264M
Net Income from Continuing Ops	$718M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$718M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$695M
D&A	$272M
EBIT	$1.1B
EBITDA	$1.4B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$10.8B
Cost of Revenue	$9.3B
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$390M
Other Expenses	$10M
Operating Expenses	$399M
Cost & Expenses	$9.7B
OPERATING INCOME	$1.1B
Interest Income	$8M
Interest Expense	$107M
Other Income/Expenses	-$90M
INCOME BEFORE TAX	$982M
Income Tax Expense	$264M
Net Income from Continuing Ops	$718M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$718M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$695M
D&A	$272M
EBIT	$1.1B
EBITDA	$1.4B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$718M
Depreciation & Amortization	$278M
Stock-Based Compensation	$3M
Deferred Income Tax	-$50M
Other Non-Cash Items	$3M
Change in Working Capital	-$151M
OPERATING CASH FLOW	$801M
Capital Expenditure	-$340M
Acquisitions (Net)	-$659M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$6M
NET CASH FROM INVESTING	-$992M
Net Debt Issuance	$490M
Common Stock Repurchased	-$15M
Common Dividends Paid	$0
Other Financing Activities	-$9M
NET CASH FROM FINANCING	$1.2B
FREE CASH FLOW	$461M
Net Change in Cash	$1.0B

Balance Sheet

Item	Amount
Cash & Equivalents	$582M
Short-Term Investments	$0
Net Receivables	$568M
Inventory	$1.3B
Other Current Assets	$9M
TOTAL CURRENT ASSETS	$2.5B
PP&E (Net)	$2.1B
Goodwill	$1.0B
Intangible Assets	$617M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$18M
TOTAL NON-CURRENT ASSETS	$3.7B
TOTAL ASSETS	$6.2B
Account Payables	$665M
Short-Term Debt	$48M
Deferred Revenue	$37M
Other Current Liabilities	$266M
TOTAL CURRENT LIABILITIES	$1.5B
Long-Term Debt	$2.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$208M
Other Non-Current Liabilities	$96M
TOTAL NON-CURRENT LIABILITIES	$2.9B
TOTAL LIABILITIES	$4.4B
Common Stock	$3M
Additional Paid-In Capital	$1.9B
Retained Earnings	$174M
Treasury Stock	-$232M
Accum. Other Comp. Income	-$31M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.8B
Minority Interest	$10M
TOTAL EQUITY	$1.9B
TOTAL LIABILITIES & EQUITY	$6.2B
Total Debt	$2.7B
Net Debt	$2.1B