| Address:
|
1770 PROMONTORY CIRCLE
|
| City: |
GREELEY |
|
State: |
CO |
|
Zip Code: |
80634 |
| Telephone: |
970-506-8000 |
|
Description of Business
|
Primary SIC Code:
2015 |
| (As filed with the SEC)
|
|
|
Pilgrim's Pride Corporation (referred to herein as "Pilgrim's," "PPC," "the
Company," "we," "us," "our," or similar terms) is the second-largest chicken
producer in the world with operations in the United States ("US"), Mexico and
Puerto Rico. We are primarily engaged in the production, processing, marketing
and distribution of fresh, frozen and value-added chicken products to retailers,
distributors and foodservice operators. We employ approximately 42,300 people
and have the capacity to process more than 38 million birds per week for a total
of more than 10.3 billion pounds of live chicken annually. In 2010, we generated
$6.9 billion in total revenue, and produced 7.7 billion pounds of chicken
products.
In December 2009, we adopted Amended and Restated Corporate Bylaws (the
"Restated Bylaws"), which changed our fiscal year end from the Saturday nearest
September 30 of each year to the last Sunday in December of each year. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | -1.72 | NA | N/E | | 06/2011 | -0.69 | NA | N/E | | 03/2011 | 0.06 | NA | 128.50 | | 12/2010 | 0.41 | NA | 17.29 | | 06/2010 | -2.05 | NA | N/E | | 12/2009 | 1.48 | NA | 6.01 | | 09/2009 | -- | NA | N/E |
Key Financial Ratios and Statistics |
FYE:
12/26 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | 0.06 | Total Liab/Total Assets | 0.67 | | Net Inc/Total Assets | 0.03 | Total Liab/Inv Cap | 0.89 | | Net Inc/Inv Cap | 0.04 | Total Liab/Comm Equity | 1.49 | | Pretax Inc/Net Sales | 0.01 | Interest Coverage Ratio | 1.63 | | Net Inc/Net Sales | 0.01 | Curr Debt/Equity | 0.05 | | Cash Flow/Net Sales | 0.00 | LTD/Equity | 1.19 | | SG&A/NetSales | 0.03 | Total Debt/Equity | 1.25 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 19.23 | Quick Ratio | 0.92 | | Inventory Turnover | 7.16 | Current Ratio | 2.32 | | Inventory Day Sales | 0.02 | Net Rec/Curr Assets | 0.22 | | Net Sales/Work Cap | 7.08 | Inv/Curr Assets | 0.60 | | Net Sales/PP&E | 5.07 | | |
Income Statement (Millions) |
| |
9/25/2011
|
6/26/2011
|
3/27/2011
|
12/26/2010
|
|
Total Revenues(Net Sales)
|
1,891.22
|
1,922.69
|
1,892.48
|
1,811.29
|
|
Cost of Goods Sold
|
1,953.61
|
1,968.92
|
1,945.59
|
1,694.63
|
|
Selling & Admin Exps
|
51.20
|
52.48
|
53.67
|
52.13
|
|
Operating Income
|
-125.06
|
-98.71
|
-106.78
|
52.73
|
|
Interest Exp
|
27.93
|
27.43
|
27.51
|
24.53
|
|
Pretax Income
|
-162.86
|
-124.46
|
-129.77
|
23.04
|
|
Other Income
|
-9.87
|
1.67
|
4.52
|
6.56
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
-162.52
|
-128.14
|
-120.76
|
41.84
|
|
Assets
|
9/25/2011
|
6/26/2011
|
3/27/2011
|
12/26/2010
|
|
Cash & Short Term Investments
|
104.26
|
96.87
|
125.52
|
168.58
|
|
Receivables - Total
|
422.44
|
440.15
|
436.79
|
383.71
|
|
Inventories - Total
|
919.55
|
967.07
|
967.07
|
1,029.25
|
|
Total Current Assets
|
1,537.46
|
1,648.54
|
1,664.22
|
1,710.47
|
|
Net Property, Plant & Equipment
|
1,317.69
|
1,358.38
|
1,368.79
|
1,358.14
|
|
Total Assets
|
2,999.69
|
3,163.20
|
3,191.92
|
3,218.90
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
695.12
|
704.24
|
656.15
|
680.15
|
|
Debt in Current Liabilities
|
15.61
|
15.61
|
62.02
|
58.14
|
|
Total Current Liabilities
|
710.73
|
719.85
|
718.52
|
738.64
|
|
Long-Term Debt
|
1,508.89
|
1,498.28
|
1,397.07
|
1,281.16
|
|
Total Liabilities
|
2,338.29
|
2,338.32
|
2,240.41
|
2,146.24
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
2.53
|
2.81
|
6.80
|
5.93
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
0.00
|
|
Common Stock
|
2.14
|
2.14
|
2.14
|
2.14
|
|
Retained Earnings
|
-758.59
|
-596.07
|
-469.41
|
-348.65
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
661.40
|
824.89
|
951.51
|
1,072.66
|
|
Total Liabilities and Stockholders' Equity
|
2,999.69
|
3,163.20
|
3,191.92
|
3,218.90
|
Cash Flow Summary (Millions) |
|
Categories
|
9/25/2011
|
6/26/2011
|
3/27/2011
|
12/26/2010
|
|
Net Cash Provided by Operating Activities
|
10.69
|
-37.77
|
-102.40
|
-7.70
|
|
Net Cash Provided by Investing Activities
|
-5.25
|
-38.94
|
-60.08
|
-16.55
|
|
Net Cash Provided by Financing Activities
|
10.50
|
48.37
|
118.99
|
84.34
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 5,235.56 | -34.23 | -- | | 12/2007 | 7,598.60 | 47.02 | -- | | 12/2008 | 8,525.11 | -998.58 | -- | | 12/2009 | 7,088.06 | -151.58 | 1.48 | | 12/2010 | 6,881.63 | 87.14 | 0.41 | | Growth Rates | 7.07 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 95 | 21,895 | 10.21 |
|
Report Date :
2/6/2012
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