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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 25, 2022
Cash and cash equivalents $ 697,748 $ 400,988
Restricted cash and cash equivalents 33,475 33,771
Inventories 1,985,399 1,990,184
Income taxes receivable 161,062 155,859
Prepaid expenses and other current assets 195,831 211,092
Total current assets 4,204,471 3,891,618
Deferred tax assets 4,890 1,969
Other long-lived assets 35,646 41,574
Operating lease assets, net 266,707 305,798
Intangible assets, net 853,983 846,020
Goodwill 1,286,261 1,227,944
Property, plant and equipment, net 3,158,403 2,940,846
Total assets 9,810,361 9,255,769
Revenue contract liabilities 84,958 34,486
Accrued expenses and other current liabilities 926,727 850,899
Income taxes payable 31,678 58,411
Current maturities of long-term debt 674 26,279
Total current liabilities 2,495,867 2,570,169
Noncurrent operating lease liabilities, less current maturities 203,348 230,701
Long-term debt, less current maturities 3,340,841 3,166,432
Deferred tax liabilities 385,548 364,184
Other long-term liabilities 40,180 71,007
Total liabilities 6,465,784 6,402,493
Common stock, $.01 par value, 800,000,000 shares authorized; 261,931,080 and 261,610,518 shares issued at year-end 2023 and year-end 2022, respectively; 236,789,927 and 236,469,365 shares outstanding at year-end 2023 and year-end 2022, respectively 2,620 2,617
Treasury stock, at cost, 25,141,153 shares at year-end 2023 and year-end 2022. (544,687) (544,687)
Additional paid-in capital 1,978,849 1,969,833
Retained earnings 2,071,073 1,749,499
Accumulated other comprehensive loss (176,483) (336,448)
Total Pilgrim’s Pride Corporation stockholders’ equity 3,331,372 2,840,814
Noncontrolling interest 13,205 12,462
Total stockholders’ equity 3,344,577 2,853,276
Total liabilities and stockholders’ equity $ 9,810,361 $ 9,255,769
Common stock, shares issued (in shares) 261,931,080 261,610,518
Common stock, shares outstanding (in shares) 236,789,927 236,469,365
Treasury stock, shares outstanding (in shares) 25,141,153 25,141,153
Nonrelated Party    
Trade accounts, receivable from related party and other receivables, net $ 1,129,178 $ 1,097,212
Accounts payable 1,410,576 1,587,939
Related Party    
Trade accounts, receivable from related party and other receivables, net 1,778 2,512
Accounts payable $ 41,254 $ 12,155