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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 01, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 111,541 $ 127,016
Restricted cash 299 315
Accounts receivable, less allowance for bad debts of $12,912 at July 1, 2023 and $11,889 at December 31, 2022 746,638 676,573
Inventories 825,130 673,621
Prepaid expenses 116,540 85,665
Income taxes refundable 22,621 18,583
Other current assets 53,188 56,324
Total current assets 1,875,957 1,638,097
Property, plant and equipment, less accumulated depreciation of $2,219,926 at July 1, 2023 and $2,054,928 at December 31, 2022 2,774,526 2,462,082
Intangible assets, less accumulated amortization of $685,911 at July 1, 2023 and $623,101 at December 31, 2022 1,074,604 865,122
Goodwill 2,566,169 1,970,377
Investment in unconsolidated subsidiaries 2,214,312 1,926,395
Operating lease right-of-use assets 196,554 186,141
Other assets 246,032 136,268
Deferred income taxes 25,085 17,888
Total assets 10,973,239 9,202,370
Current liabilities:    
Current portion of long-term debt 88,085 69,846
Accounts payable, principally trade 427,066 472,491
Income taxes payable 29,821 44,851
Current operating lease liabilities 48,381 49,232
Accrued expenses 420,196 432,023
Total current liabilities 1,013,549 1,068,443
Long-term debt, net of current portion 4,458,797 3,314,969
Long-term operating lease liabilities 149,165 141,703
Other non-current liabilities 339,270 298,933
Deferred income taxes 561,895 481,832
Total liabilities 6,522,676 5,305,880
Commitments and contingencies
Stockholders’ equity:    
     Common stock, $0.01 par value; 250,000,000 shares authorized; 174,317,233 and 173,593,099 shares issued at July 1, 2023 and December 31, 2022, respectively 1,743 1,736
Additional paid-in capital 1,680,188 1,660,084
     Treasury stock, at cost; 14,827,327 and 13,623,503 shares at        July 1, 2023 and December 31, 2022, respectively (624,852) (554,451)
Accumulated other comprehensive loss (212,561) (383,874)
Retained earnings 3,523,712 3,085,528
Total Darling's stockholders’ equity 4,368,230 3,809,023
Noncontrolling interests 82,333 87,467
Total stockholders' equity 4,450,563 3,896,490
Total liabilities and stockholders' equity $ 10,973,239 $ 9,202,370