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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 29, 2024
Dec. 31, 2023
Cash and cash equivalents $ 1,877,981 $ 697,748
Restricted cash and restricted cash equivalents 6,431 33,475
Investment in available-for-sale securities 10,099 0
Inventories 1,780,925 1,985,399
Income taxes receivable 63,418 161,062
Assets held for sale 5,640 0
Prepaid expenses and other current assets 241,365 195,831
Total current assets 5,055,473 4,204,471
Deferred tax assets 30,317 4,890
Other long-lived assets 59,110 35,646
Operating lease assets, net 267,812 266,707
Intangible assets, net 862,400 853,983
Goodwill 1,312,806 1,286,261
Property, plant and equipment, net 3,112,616 3,158,403
Total assets 10,700,534 9,810,361
Revenue contract liabilities 85,129 84,958
Accrued expenses and other current liabilities 1,001,263 926,727
Income taxes payable 89,815 31,678
Current maturities of long-term debt 546 674
Total current liabilities 2,587,427 2,495,867
Noncurrent operating lease liabilities, less current maturities 206,796 203,348
Long-term debt, less current maturities 3,184,080 3,340,841
Deferred tax liabilities 472,183 385,548
Other long-term liabilities 31,382 40,180
Total liabilities 6,481,868 6,465,784
Common stock 2,623 2,620
Treasury stock (544,687) (544,687)
Additional paid-in capital 1,988,591 1,978,849
Retained earnings 2,921,657 2,071,073
Accumulated other comprehensive loss (163,590) (176,483)
Total Pilgrim’s Pride Corporation stockholders’ equity 4,204,594 3,331,372
Noncontrolling interest 14,072 13,205
Total stockholders’ equity 4,218,666 3,344,577
Total liabilities and stockholders’ equity 10,700,534 9,810,361
Nonrelated Party    
Trade accounts and other receivables, less allowance for credit losses 1,067,650 1,129,178
Accounts payable and Accounts payable to related parties 1,391,270 1,410,576
Related Party    
Trade accounts and other receivables, less allowance for credit losses 1,964 1,778
Accounts payable and Accounts payable to related parties $ 19,404 $ 41,254