Business Segments (Tables)

12 Months Ended

Dec. 30, 2023

Business Segments (in thousands):


	Feed Ingredients		Food Ingredients		Fuel Ingredients		Corporate		Total
Fiscal Year Ended December 30, 2023
Net Sales	$	4,472,592	$	1,752,065	$	563,423	$	—	$	6,788,080
Cost of sales and operating expenses	3,385,859		1,310,581		446,620		—		5,143,060
Gross Margin	1,086,733		441,484		116,803		—		1,645,020

Loss/(gain) on sale of assets	814		(8,144)		(91)		—		(7,421)
Selling, general and administrative expenses	310,363		128,464		23,543		80,164		542,534
Restructuring and asset impairment charges	4,026		14,527		—		—		18,553
Depreciation and amortization	360,249		94,991		34,466		12,309		502,015
Acquisition and integration costs	—		—		—		13,884		13,884
Change in fair value of contingent consideration	(7,891)		—		—		—		(7,891)
Equity in net income of Diamond Green Diesel	—		—		366,380		—		366,380
Segment operating income/(loss)	419,172		211,646		425,265		(106,357)		949,726

Equity in net income of other unconsolidated subsidiaries	5,011		—		—		—		5,011
Segment income/(loss)	424,183		211,646		425,265		(106,357)		954,737

Total other expense									(234,780)
Income before income taxes									$	719,957

Segment assets at December 30, 2023	$	4,702,593	$	2,646,702	$	2,589,145	$	1,122,644	$	11,061,084


	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
Acquisition costs	—		—		—		1,396		1,396
Depreciation and amortization	218,942		60,929		25,436		11,080		316,387
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

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


	December 30, 2023		December 31, 2022		January 1, 2022
Capital expenditures for the year ended:
Feed Ingredients	$	413,831	$	270,157	$	187,445
Food Ingredients	92,704		72,301		54,799
Fuel Ingredients	39,053		37,568		26,078
Corporate Activities	9,892		11,283		5,804
Total (a)	$	555,480	$	391,309	$	274,126

(a) Excludes capital assets acquired by acquisition in fiscal 2023 and fiscal 2022 of approximately $155.5 million and $588.8 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):