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Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 01, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 132,572 $ 127,016
Restricted cash 299 315
Accounts receivable, less allowance for bad debts of $12,721 at April 1, 2023 and $11,889 at December 31, 2022 750,990 676,573
Inventories 828,789 673,621
Prepaid expenses 108,719 85,665
Income taxes refundable 19,903 18,583
Other current assets 61,234 56,324
Total current assets 1,902,506 1,638,097
Property, plant and equipment, less accumulated depreciation of $2,135,379 at April 1, 2023 and $2,054,928 at December 31, 2022 2,712,823 2,462,082
Intangible assets, less accumulated amortization of $649,335 at April 1, 2023 and $623,101 at December 31, 2022 1,091,137 865,122
Goodwill 2,587,587 1,970,377
Investment in unconsolidated subsidiaries 2,125,126 1,926,395
Operating lease right-of-use assets 189,026 186,141
Other assets 231,960 136,268
Deferred income taxes 20,967 17,888
Total assets 10,861,132 9,202,370
Current liabilities:    
Current portion of long-term debt 118,804 69,846
Accounts payable, principally trade 433,845 472,491
Income taxes payable 38,425 44,851
Current operating lease liabilities 45,356 49,232
Accrued expenses 462,594 432,023
Total current liabilities 1,099,024 1,068,443
Long-term debt, net of current portion 4,558,632 3,314,969
Long-term operating lease liabilities 144,604 141,703
Other non-current liabilities 414,542 298,933
Deferred income taxes 522,731 481,832
Total liabilities 6,739,533 5,305,880
Commitments and contingencies
Stockholders’ equity:    
     Common stock, $0.01 par value; 250,000,000 shares authorized; 174,227,071 and 173,593,099 shares issued at April 1, 2023 and December 31, 2022, respectively 1,742 1,736
Additional paid-in capital 1,673,632 1,660,084
     Treasury stock, at cost; 14,662,965 and 13,623,503 shares at        April 1, 2023 and December 31, 2022, respectively (614,961) (554,451)
Accumulated other comprehensive loss (299,208) (383,874)
Retained earnings 3,271,329 3,085,528
Total Darling's stockholders’ equity 4,032,534 3,809,023
Noncontrolling interests 89,065 87,467
Total stockholders' equity 4,121,599 3,896,490
Total liabilities and stockholders' equity $ 10,861,132 $ 9,202,370