Summary - Funding Rounds

Founding Date

1936

Smithfield Income Statement

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015

Revenue

12.2b13.1b13.2b15.0b3.9b

Cost of goods sold

10.5b11.5b11.9b

Gross profit

1.7b1.5b1.3b

Gross profit Margin, %

14%12%10%

Sales and marketing expense

122.9m143.1m

R&D expense

75.9m80.9m

General and administrative expense

789.8m816.9m815.4m

Operating expense total

619.1m826.8m800.4m844.0m

EBIT

1.1b722.6m519.3m931.6m265.8m

EBIT margin, %

9%6%4%6%7%

Interest expense

245.4m176.7m168.7m

Investment income

50.1m(9.9m)15.0m

Income tax expense

236.1m172.4m46.1m

Net Income

521.0m361.3m183.8m556.1m

Smithfield Balance Sheet

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015

Cash

374.7m324.3m704.9m

Accounts Receivable

709.6m624.7m760.0m

Prepaid Expenses

233.7m277.6m

Inventories

2.0b2.1b2.1b

Current Assets

3.3b3.3b3.7b

PP&E

2.3b2.3b2.9b

Goodwill

793.3m768.2m1.6b1.6b

Total Assets

7.6b7.4b10.1b9.9b

Accounts Payable

434.4m415.8m686.1m

Short-term debt

143.7m62.5m30.3m

Current Liabilities

1.2b1.1b1.5b

Long-term debt

2.0b1.9b2.3b

Total Debt

2.1b1.9b2.5b2.7b2.3b

Common Stock

83.0m78.7m

Preferred Stock

Additional Paid-in Capital

1.6b1.6b4.2b

Retained Earnings

2.1b2.3b1.0b

Total Equity

3.5b3.4b4.8b

Debt to Equity Ratio

0.6 x0.6 x0.5 x

Debt to Assets Ratio

0.3 x0.3 x0.3 x0.2 x

Financial Leverage

2.1 x2.2 x2.1 x

Quarterly

USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q1, 2014Q2, 2014Q3, 2014Q1, 2015

Cash

429.2m577.9m149.9m136.4m163.6m208.1m123.6m138.6m192.8m89.6m109.4m58.8m66.9m

Accounts Receivable

779.8m669.9m694.8m724.8m665.6m625.3m740.2m694.0m767.9m826.1m870.9m868.4m882.4m

Prepaid Expenses

407.6m286.7m188.9m134.0m128.9m343.2m289.1m215.4m154.9m481.2m204.2m181.4m155.8m

Inventories

2.0b2.0b2.0b2.3b2.1b2.2b2.5b2.4b2.4b2.4b2.3b2.4b2.1b

Current Assets

3.6b3.5b3.1b3.3b3.1b3.3b3.7b3.4b3.5b3.8b3.5b3.5b3.2b

PP&E

2.3b2.2b2.3b2.3b2.2b2.2b2.3b2.3b2.3b2.7b2.7b2.7b2.7b

Goodwill

807.8m779.7m786.0m773.0m766.8m759.3m780.4m785.4m826.2m1.6b1.6b1.7b1.6b

Total Assets

7.9b7.7b7.3b7.4b7.1b7.4b7.8b7.6b7.7b10.2b9.9b9.9b9.5b

Accounts Payable

438.8m384.5m403.7m470.7m395.5m397.9m515.9m452.4m468.9m440.3m453.7m473.9m398.8m

Short-term debt

463.1m529.3m50.5m73.7m71.3m616.2m498.9m511.1m210.9m53.5m85.0m37.2m33.6m

Current Liabilities

1.6b1.6b1.1b1.2b1.1b1.7b1.6b1.5b1.2b1.3b1.2b1.2b1.1b

Long-term debt

2.3b1.9b2.0b2.1b1.9b1.4b1.9b1.9b2.3b1.4b3.3b3.0b3.0b2.4b

Total Debt

2.8b2.5b2.1b2.2b2.0b2.0b2.4b2.4b2.5b1.4b3.3b85.0m3.1b2.4b

Common Stock

83.0m83.0m82.5m80.5m80.5m75.2m73.5m69.4m69.6m

Preferred Stock

Additional Paid-in Capital

1.6b1.6b1.6b1.6b1.6b1.5b1.5b1.4b1.4b4.2b4.2b4.2b4.2b

Retained Earnings

1.8b2.0b2.1b2.2b2.3b2.3b2.3b2.3b2.4b140.0m282.9m438.2m687.8m

Total Equity

3.1b3.3b3.5b3.5b3.5b3.3b3.3b3.2b3.1b4.2b4.4b4.5b4.6b

Debt to Equity Ratio

0.9 x0.8 x0.6 x0.6 x0.6 x0.6 x0.7 x0.7 x0.8 x0.8 x0 x0.7 x0.5 x

Debt to Assets Ratio

0.4 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x0 x0.3 x0.3 x

Financial Leverage

2.5 x2.4 x2.1 x2.1 x2 x2.2 x2.4 x2.4 x2.5 x2.4 x2.3 x2.2 x2.1 x

Smithfield Cash Flow

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015

Net Income

521.0m361.3m183.8m556.1m

Depreciation and Amortization

231.9m242.8m239.9m55.4m

Accounts Receivable

63.8m(47.8m)39.9m(38.0m)

Inventories

178.4m89.8m273.9m200.0m

Accounts Payable

36.6m2.5m14.7m107.0m

Cash From Operating Activities

616.4m570.1m172.7m459.3m

Purchases of PP&E

(176.8m)(290.7m)(278.0m)(301.4m)

Capital Expenditures

(69.9m)

Cash From Investing Activities

254.3m(286.6m)(303.7m)(5.0b)

Long-term Borrowings

(944.5m)(152.7m)(716.5m)

Cash From Financing Activities

(945.6m)(328.4m)115.7m4.4b

Net Change in Cash

(76.5m)(50.4m)(13.7m)

Interest Paid

149.6m147.9m

Income Taxes Paid

225.7m3.7m

Free Cash Flow

529.2m

Smithfield Employee Rating

3.1346 votes
Culture & Values
2.5
Work/Life Balance
2.5
Senior Management
2.5
Salary & Benefits
3.5
Career Opportunities
2.8
Source