← FLOWERS FOODS INC
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | $5.1m | $25.3m | $11.0m | $307.5m | — | $165.1m | $22.5m | $5.0m | $12.1m | — | |
| Cash and cash equivalents | $5.1m | $25.3m | $11.0m | — | $307.5m | $185.9m | $22.5m | $5.0m | — | $12.1m | |
| Accounts and notes receivable, net of allowances of $18,131 and $17,922, respectively | $280.1m | $287.5m | $285.6m | — | $300.0m | $305.2m | $328.2m | $334.8m | — | $352.5m | |
| Inventories, net | $111.0m | $122.6m | $127.1m | — | $125.2m | $135.0m | $184.5m | $171.9m | — | $201.7m | |
| Notes receivable from independent distributor partners | $187.7m | $204.1m | $198.6m | — | $176.4m | $154.3m | $123.6m | $108.1m | — | $108.5m | |
| Inventory, Net | $111.0m | $122.6m | $127.1m | $125.2m | — | $168.7m | $184.5m | $171.9m | $201.7m | — | |
| Assets, Current | $507.2m | $543.7m | $553.9m | $838.2m | — | $804.9m | $687.7m | $656.4m | $729.1m | — | |
| Total current assets | $507.2m | $543.7m | $553.9m | — | $838.2m | $746.1m | $687.7m | $656.4m | — | $729.1m | |
| Property, Plant and Equipment, Net | $732.0m | $743.8m | $717.8m | $699.4m | $699.4m | $849.3m | $963.0m | $964.3m | $952.7m | $952.7m | |
| Goodwill | $464.8m | $545.4m | $545.2m | $545.2m | $545.2m | $545.2m | $677.8m | $679.9m | $1.0b | $1.0b | |
| Intangible Assets, Net (Excluding Goodwill) | $742.4m | $794.9m | $750.2m | $714.9m | — | $664.4m | $657.7m | $626.4m | $137k | — | |
| Other intangible assets, net | $742.4m | $794.9m | $750.2m | — | $714.9m | $695.4m | $657.7m | $626.4m | — | $137k | |
| Operating Lease, Right-of-Use Asset | — | $405.0m | $376.5m | $328.7m | $328.7m | $273.4m | $276.7m | $318.6m | $320.8m | $320.8m | |
| Other Assets, Noncurrent | $10.2m | $6.9m | $8.2m | $9.1m | — | $24.5m | $18.5m | $22.1m | $13.3m | — | |
| Financing lease right-of-use assets | — | — | $22.8m | — | $5.4m | $3.5m | $130k | $166k | — | $295k | |
| Operating lease right-of-use assets | — | — | $376.5m | — | $328.7m | $289.0m | $276.7m | $318.6m | — | $320.8m | |
| Other assets | $10.2m | $6.9m | $8.2m | — | $9.1m | $9.6m | $18.5m | $22.1m | — | $13.3m | |
| Total long-term debt and right-of-use lease liabilities | — | $990.6m | $1.2b | — | $1.3b | $1.1b | $1.3b | $1.3b | — | $1.6b | |
| Additional Financial Items | |||||||||||
| Raw materials | $41.7m | $44.5m | $46.2m | — | $49.0m | $54.5m | $72.9m | $67.3m | — | $75.2m | |
| Packaging materials | $19.6m | $21.9m | $22.0m | — | $20.7m | $24.6m | $28.7m | $27.6m | — | $28.5m | |
| Finished goods | $49.7m | $56.3m | $58.8m | — | $55.5m | $55.9m | $82.8m | $77.0m | — | $98.0m | |
| Spare parts and supplies | $61.3m | $65.1m | $67.5m | — | $68.1m | $68.5m | $86.4m | $90.8m | — | $97.6m | |
| Other | $49.6m | $43.2m | $62.8m | — | $37.4m | $51.6m | $66.1m | $53.9m | — | $65.3m | |
| Land | $90.3m | $94.0m | $94.6m | — | $93.0m | $112.7m | $128.4m | $130.2m | — | $134.5m | |
| Buildings | $462.7m | $483.9m | $488.5m | — | $484.8m | $550.9m | $615.9m | $624.3m | — | $626.4m | |
| Machinery and equipment | $1.2b | $1.2b | $1.2b | — | $1.2b | $1.3b | $1.4b | $1.4b | — | $1.5b | |
| Furniture, fixtures and transportation equipment | $176.5m | $173.0m | $165.8m | — | $170.2m | $184.5m | $303.1m | $317.0m | — | $324.0m | |
| Construction in progress | $22.0m | $44.2m | $42.8m | — | $59.1m | $87.4m | $58.6m | $60.6m | — | $63.5m | |
| Less: accumulated depreciation | ($1.2b) | ($1.2b) | ($1.3b) | — | ($1.3b) | ($1.4b) | ($1.5b) | ($1.6b) | — | ($1.7b) | |
| Assets held for sale | $15.3m | $6.6m | $4.4m | — | $5.6m | $11.4m | $21.8m | $24.5m | — | $26.7m | |
| Customer relationships,, net | — | — | — | — | — | — | — | $139.7m | — | $292.9m | |
| Trademarks - finite-lived, net | — | — | — | — | — | — | — | $359.3m | — | $209.1m | |
| Trademarks - indefinite-lived | — | — | — | — | — | — | — | $127.1m | — | $482.5m | |
| Current maturities of financing leases | — | — | $8.2m | — | $1.8m | $1.6m | $99k | $84k | — | $116k | |
| Current maturities of operating leases | — | — | $52.8m | — | $50.1m | $46.4m | $47.5m | $68.4m | — | $73.7m | |
| Noncurrent financing lease obligations | — | — | $19.4m | — | $3.6m | $1.9m | $23k | $11k | — | $115k | |
| Noncurrent operating lease obligations | — | — | $324.1m | — | $290.3m | $250.6m | $236.9m | $254.5m | — | $251.2m | |
| Post-retirement/post-employment obligations | $60.1m | $39.1m | $14.3m | — | $10.0m | $7.2m | $5.8m | $5.5m | — | $8.6m | |
| Deferred taxes | $83.0m | $102.7m | $121.4m | — | $128.3m | $133.8m | $91.2m | $124.2m | — | $247.0m | |
| Capital in excess of par value | $650.9m | $653.5m | $648.5m | — | $659.7m | $678.4m | $699.8m | $711.5m | — | $730.1m | |
| Total stockholders’ equity | $1.3b | $1.3b | $1.3b | — | $1.4b | $1.4b | $1.4b | $1.4b | — | $1.3b | |
| Assets | $2.7b | $2.8b | $3.2b | $3.3b | — | $3.3b | $3.4b | $3.4b | $4.2b | — | |
| Total assets | $2.7b | $2.8b | $3.2b | — | $3.3b | $3.3b | $3.4b | $3.4b | — | $4.2b | |
| LIABILITIES AND EQUITY | |||||||||||
| Total liabilities and stockholders’ equity | $2.7b | $2.8b | $3.2b | — | $3.3b | $3.3b | $3.4b | $3.4b | — | $4.2b | |
| Current liabilities: | |||||||||||
| Operating Lease, Liability, Current | — | — | $52.8m | $50.1m | — | $44.0m | $47.5m | $68.4m | $73.7m | — | |
| Accounts Payable, Current | $181.4m | $242.1m | $233.0m | $225.9m | $225.9m | $343.4m | $318.6m | $260.7m | $312.7m | $312.7m | |
| Long-term Debt, Current Maturities | — | $5.0m | $3.7m | — | — | — | — | — | $399.6m | $399.6m | |
| Operating Lease, Liability, Noncurrent | — | — | $324.1m | $290.3m | $290.3m | $237.0m | $236.9m | $254.5m | $251.2m | $251.2m | |
| Long-term Debt, Excluding Current Maturities | $805.1m | $802.6m | $862.8m | $960.1m | — | $891.8m | $1.0b | $1.0b | $1.4b | $399.6m | |
| Current maturities of long-term debt | — | $5.0m | $3.7m | — | — | — | — | — | — | $399.6m | |
| Other accrued liabilities | $200.5m | $147.4m | $201.0m | — | $225.4m | $203.4m | $292.9m | $219.4m | — | $190.1m | |
| Noncurrent long-term debt | — | $974.6m | $862.8m | — | $960.1m | $890.6m | $1.0b | $1.0b | — | $1.4b | |
| Liabilities, Current | $394.0m | $400.3m | $528.1m | $504.1m | — | $564.4m | $659.2m | $548.6m | $976.2m | — | |
| Total current liabilities | $394.0m | $400.3m | $528.1m | — | $504.1m | $519.9m | $659.2m | $548.6m | — | $976.2m | |
| Deferred Income Tax Liabilities, Net | — | — | $121.4m | $128.3m | — | $134.8m | $91.2m | $124.2m | $247.0m | — | |
| Other Liabilities, Noncurrent | $51.9m | $54.5m | $44.2m | $53.7m | — | $35.7m | $33.9m | $35.9m | $41.8m | — | |
| Other long-term liabilities | $51.9m | $54.5m | $44.2m | — | $53.7m | $38.0m | $33.9m | $35.9m | — | $41.8m | |
| Deferred Tax Liabilities, Net | $83.0m | $102.7m | $121.4m | $128.3m | — | $134.8m | $91.2m | $124.2m | $247.0m | — | |
| Total other long-term liabilities | $195.0m | $196.3m | $179.9m | — | $192.0m | $179.0m | $131.0m | $165.6m | — | $297.4m | |
| Stockholders’ equity: | |||||||||||
| Common Stock, Value, Issued | $199k | $199k | $199k | $199k | $199k | $199k | $199k | $199k | $199k | $199k | |
| Additional Paid in Capital | — | — | — | — | — | — | — | — | — | — | |
| Retained Earnings (Accumulated Deficit) | $919.7m | $945.4m | $947.0m | $932.1m | $932.1m | $1.0b | $932.5m | $977.6m | $852.1m | $852.1m | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | ($84.6m) | ($109.2m) | ($106.0m) | $6.4m | $6.4m | $1.5m | $621k | $6.8m | ($1.1m) | ($1.1m) | |
| Additional Paid in Capital, Common Stock | $650.9m | $653.5m | $648.5m | $659.7m | — | $690.0m | $699.8m | $711.5m | $730.1m | — | |
| Common stock — $.01 stated par value and $.001 current par value; 500,000,000 authorized shares; 228,729,585 issued shares | $199k | $199k | $199k | — | $199k | $199k | $199k | $199k | — | $199k | |
| Treasury stock - 17,551,360 and 18,132,027 shares, respectively | ($235.5m) | ($231.6m) | ($226.3m) | — | ($225.4m) | ($232.3m) | ($281.3m) | ($286.0m) | — | ($277.8m) | |
| Accumulated other comprehensive (loss) income | ($84.6m) | ($109.2m) | ($106.0m) | — | $6.4m | $2.6m | $621k | $6.8m | — | ($1.1m) | |
| Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax | $78.1m | $105.0m | $107.7m | ($6.6m) | $6.4m | ($625k) | ($342k) | ($257k) | ($5.0m) | ($1.1m) | |
| Stockholders' Equity Attributable to Parent | $1.3b | $1.3b | $1.3b | $1.4b | — | $1.4b | $1.4b | $1.4b | $1.3b | — | |
| Liabilities and Equity | $2.7b | $2.8b | $3.2b | $3.3b | — | $3.3b | $3.4b | $3.4b | $4.2b | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.