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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Cash and cash equivalents $ 870,820 $ 697,748
Restricted cash and restricted cash equivalents 24,063 33,475
Inventories 1,861,989 1,985,399
Income taxes receivable 141,122 161,062
Prepaid expenses and other current assets 222,327 195,831
Total current assets 4,171,877 4,204,471
Deferred tax assets 7,151 4,890
Other long-lived assets 45,955 35,646
Operating lease assets, net 279,105 266,707
Intangible assets, net 837,747 853,983
Goodwill 1,274,721 1,286,261
Property, plant and equipment, net 3,151,784 3,158,403
Total assets 9,768,340 9,810,361
Revenue contract liabilities 45,422 84,958
Accrued expenses and other current liabilities 876,217 926,727
Income taxes payable 48,022 31,678
Current maturities of long-term debt 650 674
Total current liabilities 2,279,745 2,495,867
Noncurrent operating lease liabilities, less current maturities 217,660 203,348
Long-term debt, less current maturities 3,342,664 3,340,841
Deferred tax liabilities 401,003 385,548
Other long-term liabilities 32,890 40,180
Total liabilities 6,273,962 6,465,784
Common stock 2,621 2,620
Treasury stock (544,687) (544,687)
Additional paid-in capital 1,983,592 1,978,849
Retained earnings 2,245,494 2,071,073
Accumulated other comprehensive loss (206,364) (176,483)
Total Pilgrim’s Pride Corporation stockholders’ equity 3,480,656 3,331,372
Noncontrolling interest 13,722 13,205
Total stockholders’ equity 3,494,378 3,344,577
Total liabilities and stockholders’ equity 9,768,340 9,810,361
Nonrelated Party    
Trade accounts, receivable from related party and other receivables, net 1,049,410 1,129,178
Accounts payable 1,295,910 1,410,576
Related Party    
Trade accounts, receivable from related party and other receivables, net 2,146 1,778
Accounts payable $ 13,524 $ 41,254