Business Segments (Tables)

12 Months Ended

Dec. 31, 2022

Business Segments (in thousands):


	Feed Ingredients		Food Ingredients		Fuel Ingredients		Corporate		Total
Fiscal Year Ended December 31, 2022
Net Sales	$	4,539,000	$	1,459,630	$	533,574	$	—	$	6,532,204
Cost of sales and operating expenses	3,473,506		1,102,250		426,853		—		5,002,609
Gross Margin	1,065,494		357,380		106,721		—		1,529,595

Gain on sale of assets	(3,426)		(1,008)		(60)		—		(4,494)
Selling, general and administrative expenses	258,781		101,681		13,690		62,456		436,608
Restructuring and asset impairment charges	8,557		21,109		—		—		29,666
Depreciation and amortization	295,249		59,029		29,500		10,943		394,721
Acquisition and integration costs	—		—		—		16,372		16,372
Equity in net income of Diamond Green Diesel	—		—		372,346		—		372,346
Segment operating income/(loss)	506,333		176,569		435,937		(89,771)		1,029,068

Equity in net income of other unconsolidated subsidiaries	5,102		—		—		—		5,102
Segment income/(loss)	511,435		176,569		435,937		(89,771)		1,034,170

Total other expense									(140,452)
Income before income taxes									$	893,718

Segment assets at December 31, 2022	$	4,866,351	$	1,251,473	$	2,307,199	$	777,347	$	9,202,370


	Feed Ingredients		Food Ingredients		Fuel Ingredients		Corporate		Total
Fiscal Year Ended January 1, 2022
Net Sales	$	3,039,500	$	1,271,629	$	430,240	$	—	$	4,741,369
Cost of sales and operating expenses	2,206,248		979,232		313,905		—		3,499,385
Gross Margin	833,252		292,397		116,335		—		1,241,984

Gain on sale of assets	(550)		(88)		(320)		—		(958)
Selling, general and administrative expenses	220,078		97,555		16,999		56,906		391,538
Restructuring and asset impairment charges	—		—		778		—		778
Depreciation and amortization	218,942		60,929		25,436		11,080		316,387
Acquisition and integration costs	—		—		—		1,396		1,396
Equity in net income of Diamond Green Diesel	—		—		351,627		—		351,627
Segment operating income/(loss)	394,782		134,001		425,069		(69,382)		884,470

Equity in net income of other unconsolidated subsidiaries	5,753		—		—		—		5,753
Segment income/(loss)	400,535		134,001		425,069		(69,382)		890,223

Total other expense									(68,827)
Income before income taxes									$	821,396

Segment assets at January 1, 2022	$	2,714,528	$	1,205,217	$	1,658,892	$	555,091	$	6,133,728


	Feed Ingredients		Food Ingredients		Fuel Ingredients		Corporate		Total
Fiscal Year Ended January 2, 2021
Net Sales	$	2,072,104	$	1,185,701	$	314,118	$	—	$	3,571,923
Cost of sales and operating expenses	1,544,524		920,682		223,609		—		2,688,815
Gross Margin	527,580		265,019		90,509		—		883,108

Loss/(gain) on sale of assets	19		482		(75)		—		426
Selling, general and administrative expenses	209,748		97,406		16,014		55,328		378,496
Restructuring and asset impairment charges	—		—		38,167		—		38,167

Depreciation and amortization	221,187		83,752		34,218		11,021		350,178
Equity in net income of Diamond Green Diesel	—		—		315,095		—		315,095
Segment operating income/(loss)	96,626		83,379		317,280		(66,349)		430,936

Equity in net income of other unconsolidated subsidiaries	3,193		—		—		—		3,193
Segment income/(loss)	99,819		83,379		317,280		(66,349)		434,129

Total other expense									(80,510)
Income before income taxes									$	353,619

Business Segment Property, Plant and Equipment (in thousands):


	December 31, 2022		January 1, 2022		January 2, 2021
Capital expenditures for the year ended:
Feed Ingredients	$	270,157	$	187,445	$	176,530
Food Ingredients	72,301		54,799		68,250
Fuel Ingredients	37,568		26,078		30,638
Corporate Activities	11,283		5,804		4,697
Total (a)	$	391,309	$	274,126	$	280,115

(a) Excludes capital assets acquired by acquisition in fiscal 2022 and fiscal 2020 of approximately $588.8 million and $18.4 million, respectively.

Long-lived assets related to the Company's operations in North America, Europe, China, South American and other were as follows (in thousands):