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Guarantor Financial Information (Tables)
 9 Months Ended
Sep. 26, 2020
Guarantor Financial Information [Abstract]  
Guarantor Financial Information Condensed Consolidating Balance Sheet
Condensed Consolidated Balance Sheet
As of September 26, 2020
(in thousands)

ParentGuarantorsNon-guarantorsEliminationsConsolidated
ASSETS
Cash and cash equivalents$717 $24 $65,104 $— $65,845 
Restricted cash103 — 7 — 110 
Accounts receivable39,557 738,574 732,110 (1,136,658)373,583 
Inventories22,371 96,942 287,492 — 406,805 
Income taxes refundable1,557 — 2,383 — 3,940 
Prepaid expenses27,212 2,496 22,651 — 52,359 
Other current assets3,257 (4,072)34,502 (5,155)28,532 
Total current assets94,774 833,964 1,144,249 (1,141,813)931,174 
Investment in subsidiaries5,739,060 1,283,699 844,045 (7,866,804)— 
Property, plant and equipment, net432,303 512,587 844,282 — 1,789,172 
Intangible assets, net40,172 148,029 286,592 — 474,793 
Goodwill49,902 490,748 698,693 — 1,239,343 
Investment in unconsolidated subsidiaries— — 742,875 — 742,875 
Operating lease right-of-use asset85,490 30,174 26,605 — 142,269 
Other assets39,192 134 99,320 (93,048)45,598 
Deferred taxes— — 15,762 — 15,762 
 $6,480,893 $3,299,335 $4,702,423 $(9,101,665)$5,380,986 
LIABILITIES AND STOCKHOLDERS’ EQUITY   
Current portion of long-term debt$6,503 $11 $24,826 $(5,155)$26,185 
Accounts payable1,166,310 26,363 150,976 (1,136,651)206,998 
Income taxes payable2,118 — 16,895 — 19,013 
Current operating lease liability21,679 10,752 8,542 — 40,973 
Accrued expenses107,147 28,786 194,459 (7)330,385 
Total current liabilities1,303,757 65,912 395,698 (1,141,813)623,554 
Long-term debt, net of current portion947,431 22 593,614 (93,048)1,448,019 
Long-term operating lease liability69,276 19,158 17,387 — 105,821 
Other noncurrent liabilities68,474 — 34,085 — 102,559 
Deferred income taxes144,236 — 121,608 — 265,844 
 Total liabilities
2,533,174 85,092 1,162,392 (1,234,861)2,545,797 
Total stockholders’ equity3,947,719 3,214,243 3,540,031 (7,866,804)2,835,189 
 $6,480,893 $3,299,335 $4,702,423 $(9,101,665)$5,380,986 
Condensed Consolidated Balance Sheet
As of December 28, 2019
(in thousands)

ParentGuarantorsNon-guarantorsEliminationsConsolidated
ASSETS
Cash and cash equivalents$551 $26 $72,358 $— $72,935 
Restricted cash103 — 7 — 110 
Accounts receivable51,097 702,945 518,614 (866,318)406,338 
Inventories26,893 86,609 249,455 — 362,957 
Income taxes refundable1,106 — 2,211 — 3,317 
Prepaid expenses20,888 2,241 23,470 — 46,599 
Other current assets5,399 (2,326)40,872 (18,913)25,032 
Total current assets106,037 789,495 906,987 (885,231)917,288 
Investment in subsidiaries5,365,956 1,366,635 844,043 (7,576,634)— 
Property, plant and equipment, net434,237 524,577 843,597 — 1,802,411 
Intangible assets, net44,404 170,581 311,409 — 526,394 
Goodwill49,902 490,748 682,641 — 1,223,291 
Investment in unconsolidated subsidiaries— — 689,354 — 689,354 
Operating lease right-of-use asset74,005 31,243 19,478 — 124,726 
Other assets35,456 134 61,974 (50,164)47,400 
Deferred income taxes— — 14,394 — 14,394 
 $6,109,997 $3,373,413 $4,373,877 $(8,512,029)$5,345,258 
LIABILITIES AND STOCKHOLDERS’ EQUITY   
Current portion of long-term debt$40,916 $10 $68,983 $(18,913)$90,996 
Accounts payable893,490 29,535 182,484 (866,257)239,252 
Income taxes payable(10)— 8,905 — 8,895 
Current operating lease liability20,454 10,510 6,841 — 37,805 
Accrued expenses116,758 32,861 161,833 (61)311,391 
Total current liabilities1,071,608 72,916 429,046 (885,231)688,339 
Long-term debt, net of current portion1,040,974 30 567,589 (50,164)1,558,429 
Long-term operating lease liability58,970 20,281 12,173 — 91,424 
Other noncurrent liabilities80,409 — 35,376 — 115,785 
Deferred income taxes122,109 — 125,822 — 247,931 
 Total liabilities
2,374,070 93,227 1,170,006 (935,395)2,701,908 
 Total stockholders’ equity
3,735,927 3,280,186 3,203,871 (7,576,634)2,643,350 
 $6,109,997 $3,373,413 $4,373,877 $(8,512,029)$5,345,258 
Guarantor Financial Information Condensed Consolidating Statements Of Operations
Condensed Consolidated Statements of Operations
For the three months ended September 26, 2020
(in thousands)

ParentGuarantorsNon-guarantorsEliminationsConsolidated
Net sales$173,659 $309,837 $416,297 $(49,224)$850,569 
Cost and expenses:
Cost of sales and operating expenses
134,887 249,004 303,701 (49,224)638,368 
Loss/(gain) on sale of assets89 119 (86)— 122 
Selling, general and administrative expenses42,103 11,520 36,370 — 89,993 
Depreciation and amortization17,167 26,362 42,201 — 85,730 
Total costs and expenses194,246 287,005 382,186 (49,224)814,213 
Equity in net income of Diamond Green Diesel— — 91,099 — 91,099 
Operating income/(loss)(20,587)22,832 125,210 — 127,455 
   
Interest expense(13,152)(37)(5,604)— (18,793)
Foreign currency gains/(losses)(93)3 (1,149)— (1,239)
Other expense, net(1,336)(562)(14)— (1,912)
Equity in net income of other unconsolidated subsidiaries
— — 906 — 906 
Earnings in investments in subsidiaries135,357 — — (135,357)— 
Income/(loss) before taxes100,189 22,236 119,349 (135,357)106,417 
Income tax expense/(benefit)(936)360 5,388 — 4,812 
Net income attributable to noncontrolling interests
— — (480)— (480)
Net income/(loss) attributable to Darling
$101,125 $21,876 $113,481 $(135,357)$101,125 


Condensed Consolidated Statements of Operations
For the nine months ended September 26, 2020
(in thousands)

ParentGuarantorsNon-guarantorsEliminationsConsolidated
Net sales$540,493 $930,788 $1,225,680 $(144,877)$2,552,084 
Cost and expenses:
Cost of sales and operating expenses
419,771 741,292 901,437 (144,877)1,917,623 
Loss/(gain) on sale of assets127 174 (91)— 210 
Selling, general and administrative expenses135,114 35,061 106,204 — 276,379 
Depreciation and amortization51,428 79,178 123,105 — 253,711 
Total costs and expenses606,440 855,705 1,130,655 (144,877)2,447,923 
Equity in net income of Diamond Green Diesel— — 252,411 — 252,411 
Operating income/(loss)(65,947)75,083 347,436 — 356,572 
   
Interest expense(39,378)(139)(16,286)— (55,803)
Foreign currency losses(603)(22)(84)— (709)
Other expense, net(4,076)(1,191)(11)— (5,278)
Equity in net income of other unconsolidated subsidiaries
— — 2,467 — 2,467 
Earnings in investments in subsidiaries346,144 — — (346,144)— 
Income/(loss) before taxes236,140 73,731 333,522 (346,144)297,249 
Income tax expense/(benefit)(15,934)10,680 48,312 — 43,058 
Net income attributable to noncontrolling interests
— — (2,117)— (2,117)
Net income/(loss) attributable to Darling
$252,074 $63,051 $283,093 $(346,144)$252,074 
Condensed Consolidated Statements of Operations
For the three months ended September 28, 2019
(in thousands)

ParentGuarantorsNon-guarantorsEliminationsConsolidated
Net sales$164,488 $330,655 $403,749 $(56,843)$842,049 
Cost and expenses:
Cost of sales and operating expenses
130,498 273,238 306,030 (56,843)652,923 
Gain on sale of assets(86)(2,343)(240)— (2,669)
Selling, general and administrative expenses41,225 12,319 30,005 — 83,549 
Depreciation and amortization15,071 25,317 40,019 — 80,407 
Total costs and expenses186,708 308,531 375,814 (56,843)814,210 
Equity in net income of Diamond Green Diesel— — 32,020 — 32,020 
Operating income/(loss)(22,220)22,124 59,955 — 59,859 
   
Interest expense(13,862)(52)(5,445)— (19,359)
Foreign currency gains/(losses)(30)(4)500 — 466 
Other expense, net(2,026)(431)(157)— (2,614)
Equity in net income/(loss) of other unconsolidated subsidiaries
(1,172)— 507 — (665)
Earnings in investments in subsidiaries52,697 — — (52,697)— 
Income/(loss) before taxes13,387 21,637 55,360 (52,697)37,687 
Income tax expense/(benefit)(12,334)6,472 16,712 — 10,850 
Net income attributable to noncontrolling interests
— — (1,116)— (1,116)
Net income/(loss) attributable to Darling
$25,721 $15,165 $37,532 $(52,697)$25,721 


Condensed Consolidated Statements of Operations
For the nine months ended September 28, 2019
(in thousands)

ParentGuarantorsNon-guarantorsEliminationsConsolidated
Net sales$481,645 $986,390 $1,206,999 $(170,557)$2,504,477 
Cost and expenses:
Cost of sales and operating expenses
384,408 813,491 921,210 (170,557)1,948,552 
Gain on sale of assets(44)(7,331)(13,470)— (20,845)
Selling, general and administrative expenses129,218 35,042 85,309 — 249,569 
Depreciation and amortization43,668 76,594 118,795 — 239,057 
Total costs and expenses557,250 917,796 1,111,844 (170,557)2,416,333 
Equity in net income of Diamond Green Diesel— — 94,390 — 94,390 
Operating income/(loss)(75,605)68,594 189,545 — 182,534 
   
Interest expense(42,967)(108)(17,013)— (60,088)
Debt extinguishment costs(12,126)— — — (12,126)
Foreign currency losses(31)(3)(620)— (654)
Other income/(expense), net(4,878)(2,407)127 — (7,158)
Equity in net income/(loss) of other unconsolidated subsidiaries
(3,090)— 2,003 — (1,087)
Earnings in investments in subsidiaries176,004 — — (176,004)— 
Income/(loss) before taxes37,307 66,076 174,042 (176,004)101,421 
Income tax expense/(benefit)(32,684)15,571 41,013 — 23,900 
Net income attributable to noncontrolling interests
— — (7,530)— (7,530)
Net income/(loss) attributable to Darling
$69,991 $50,505 $125,499 $(176,004)$69,991 
Guarantor Financial Information Condensed Consolidating Statements of Comprehensive Income/(Loss)
Condensed Consolidated Statements of Comprehensive Income/(Loss)
For the three months ended September 26, 2020
(in thousands)

ParentGuarantorsNon-guarantorsEliminationsConsolidated
Net income/(loss)
$101,605 $21,876 $113,481 $(135,357)$101,605 
Other comprehensive income/(loss), net of tax:
Foreign currency translation(732)— 38,586 — 37,854 
Pension adjustments518 — 130 — 648 
Corn option derivative adjustments
(2,518)— — — (2,518)
Heating oil derivative adjustments
— — 1,494 — 1,494 
Foreign exchange derivative adjustments
— — 1,412 — 1,412 
Total other comprehensive income/(loss), net of tax
(2,732)— 41,622 — 38,890 
Total comprehensive income/(loss)
98,873 21,876 155,103 (135,357)140,495 
Total comprehensive income attributable to noncontrolling interest— — 456 — 456 
Total comprehensive income/(loss) attributable to Darling
$98,873 $21,876 $154,647 $(135,357)$140,039 



Condensed Consolidated Statements of Comprehensive Income/(Loss)
For the nine months ended September 26, 2020
(in thousands)

ParentGuarantorsNon-guarantorsEliminationsConsolidated
Net income/(loss)
$254,191 $63,051 $283,093 $(346,144)$254,191 
Other comprehensive income/ (loss), net of tax:
Foreign currency translation(1,445)(128,994)123,196 — (7,243)
Pension adjustments1,554 — 389 — 1,943 
Corn option derivative adjustments
(578)— — — (578)
Heating oil derivative adjustments
— — 3,424 — 3,424 
Foreign exchange derivative adjustments
— — (2,060)— (2,060)
Total other comprehensive income/(loss), net of tax
(469)(128,994)124,949 — (4,514)
Total comprehensive income/(loss)
253,722 (65,943)408,042 (346,144)249,677 
Total comprehensive income attributable to noncontrolling interest
— — 1,364 — 1,364 
Total comprehensive income/(loss) attributable to Darling
$253,722 $(65,943)$406,678 $(346,144)$248,313 
Condensed Consolidated Statements of Comprehensive Income/(Loss)
For the three months ended September 28, 2019
(in thousands)

ParentGuarantorsNon-guarantorsEliminationsConsolidated
Net income/(loss)
$26,837 $15,165 $37,532 $(52,697)$26,837 
Other comprehensive income/(loss), net of tax:
Foreign currency translation1,328 — (48,954)— (47,626)
Pension adjustments767 — 92 — 859 
Corn option derivative adjustments
553 — — — 553 
Heating oil derivative adjustments
— — (1,683)— (1,683)
Foreign exchange derivative adjustment
— — (4,944)— (4,944)
Total other comprehensive income/(loss), net of tax
2,648 — (55,489)— (52,841)
Total comprehensive income/(loss)
29,485 15,165 (17,957)(52,697)(26,004)
Total comprehensive income attributable to noncontrolling interest
— — 1,120 — 1,120 
Total comprehensive income/(loss) attributable to Darling
$29,485 $15,165 $(19,077)$(52,697)$(27,124)



Condensed Consolidated Statements of Comprehensive Income/(Loss)
For the nine months ended September 28, 2019
(in thousands)

ParentGuarantorsNon-guarantorsEliminationsConsolidated
Net income/(loss)
$77,521 $50,505 $125,499 $(176,004)$77,521 
Other comprehensive income/(loss), net of tax:
Foreign currency translation1,509 — (37,695)— (36,186)
Pension adjustments2,300 — 276 — 2,576 
Corn option derivative adjustments
575 — — — 575 
Heating oil derivative adjustments
— — 450 — 450 
Foreign exchange derivative adjustments
— — (5,430)— (5,430)
Total other comprehensive income/(loss), net of tax4,384 — (42,399)— (38,015)
Total comprehensive income/(loss)
81,905 50,505 83,100 (176,004)39,506 
Total comprehensive income attributable to noncontrolling interest— — 7,822 — 7,822 
Total comprehensive income/(loss) attributable to Darling
$81,905 $50,505 $75,278 $(176,004)$31,684 
Guarantor Financial Information Condensed Consolidating Statements Of Cash Flows
Condensed Consolidated Statements of Cash Flows
For the nine months ended September 26, 2020
(in thousands)

ParentGuarantorsNon-guarantorsEliminationsConsolidated
Cash flows from operating activities:
Net income/(loss)$254,191 $63,051 $283,093 $(346,144)$254,191 
Earnings in investments in subsidiaries(346,144)— — 346,144 — 
Other operating cash flows357,187 (16,471)(124,494)— 216,222 
Net cash provided by operating activities265,234 46,580 158,599 — 470,413 
Cash flows from investing activities:
Capital expenditures(44,730)(46,848)(93,341)— (184,919)
Investment in subsidiaries and affiliates(18,784)— — 18,784 — 
Note receivable from affiliates42,884 — (42,884)— — 
Gross proceeds from sale of property, plant and equipment and other assets
30 273 988 — 1,291 
Payments related to routes and other intangibles
(3,416)— (296)— (3,712)
Net cash provided/(used) in investing activities
(24,016)(46,575)(135,533)18,784 (187,340)
Cash flows from financing activities:
Proceeds for long-term debt— — 24,085 — 24,085 
Payments on long-term debt(145,003)(7)(26,630)— (171,640)
Borrowings from revolving facilities248,000 — 142,971 — 390,971 
Payments on revolving facilities(272,000)— (143,800)— (415,800)
Net cash overdraft financing(5,417)— (27,968)— (33,385)
Deferred loan costs(3,688)— — — (3,688)
Issuances of common stock67 — — — 67 
Repurchase of treasury stock
(55,044)— — — (55,044)
Contributions from parent
— — 18,784 (18,784)— 
Minimum withholding taxes paid on stock awards
(7,967)— (13)— (7,980)
    Acquisition of noncontrolling interest— — (8,784)— (8,784)
    Distributions to noncontrolling interests— — (6,253)— (6,253)
Net cash used in financing activities(241,052)(7)(27,608)(18,784)(287,451)
Effect of exchange rate changes on cash
— — (2,712)— (2,712)
Net increase/(decrease) in cash, cash equivalents and restricted cash
166 (2)(7,254)— (7,090)
Cash, cash equivalents and restricted cash at beginning of period
654 26 72,365 — 73,045 
Cash, cash equivalents and restricted cash at end of period
$820 $24 $65,111 $— $65,955 
Condensed Consolidated Statements of Cash Flows
For the nine months ended September 28, 2019
(in thousands)

ParentGuarantorsNon-guarantorsEliminationsConsolidated
Cash flows from operating activities:
Net income/(loss)$77,521 $50,505 $125,499 $(176,004)$77,521 
Earnings in investments in subsidiaries(176,004)— — 176,004 — 
Other operating cash flows189,575 (2,763)(1,651)— 185,161 
Net cash provided by operating activities91,092 47,742 123,848 — 262,682 
Cash flows from investing activities:
Capital expenditures(88,639)(61,337)(95,116)— (245,092)
Acquisitions
(1,157)— (274)— (1,431)
Investment in subsidiaries and affiliates
(2,393)(393)— 786 (2,000)
Note receivable from affiliates
38,274 — (38,274)— — 
Gross proceeds from sale of property, plant and equipment and other assets
380 12,223 2,799 — 15,402 
Proceeds from insurance settlements— 1,371 — — 1,371 
Payments related to routes and other intangibles(131)— (3,019)— (3,150)
Net cash provided/(used) in investing activities(53,666)(48,136)(133,884)786 (234,900)
Cash flows from financing activities:
Proceeds for long-term debt500,000 — 11,985 — 511,985 
Payments on long-term debt(545,872)(5)(20,230)— (566,107)
Borrowings from revolving credit facility176,000 — 149,485 — 325,485 
Payments on revolving credit facility(152,000)— (180,884)— (332,884)
Net cash overdraft financing5,951 — 21,907 — 27,858 
Deferred loan costs(7,027)— — — (7,027)
Issuances of common stock39 — — — 39 
Repurchase of treasury stock
(11,740)— — — (11,740)
Contributions from parent
— 393 393 (786)— 
Minimum withholding taxes paid on stock awards
(3,230)— (17)— (3,247)
Distributions to noncontrolling interests
— — (4,500)— (4,500)
Net cash provided/(used) in financing activities(37,879)388 (21,861)(786)(60,138)
Effect of exchange rate changes on cash— — (5,732)— (5,732)
Net decrease in cash, cash equivalents and restricted cash(453)(6)(37,629)— (38,088)
Cash, cash equivalents and restricted cash at beginning of period
1,098 32 106,239 — 107,369 
Cash, cash equivalents and restricted cash at end of period
$645 $26 $68,610 $— $69,281