Balance Sheet B&G Foods, Inc.

Equities

BGS

US05508R1068

Food Processing

Market Closed - Nyse Other stock markets 04:00:01 2024-09-13 pm EDT			5-day change	1st Jan Change
9.140 ^USD	+4.94%		+5.06%	-12.95%

Sep. 09	B&G Foods to Redeem Remaining $265.4 Million of Notes due 2025	MT
Sep. 04	Transcript : B&G Foods, Inc. Presents at Barclays 17th Annual Global Consumer Staples Conference, Sep-04-2024 11:15 AM

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Published financial data: B&G FOODS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	1.66B	1.97B	2.06B	2.16B	2.06B
Total Revenues	1.66B	1.97B	2.06B	2.16B	2.06B
Cost of Goods Sold, Total	1.26B	1.48B	1.6B	1.74B	1.6B
Gross Profit	405M	487M	457M	419M	458M
Selling General & Admin Expenses, Total	145M	175M	183M	194M	197M
Amortization of Goodwill and Intangible Assets - (IS)	18.54M	19.11M	21.63M	21.25M	20.76M
Other Operating Expenses, Total	164M	194M	204M	215M	218M
Operating Income	241M	292M	252M	203M	241M
Interest Expense, Total	-98.13M	-102M	-107M	-125M	-151M
Net Interest Expenses	-98.13M	-102M	-107M	-125M	-151M
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	2.36M	5.16M	8.86M	14.78M	7.58M
EBT, Excl. Unusual Items	146M	196M	154M	93.35M	97.04M
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	-891K	-1.32M	-5.05M	-	-2.96M
Gain (Loss) On Sale Of Assets	-	-	-	-99.34M	-138M
Asset Writedown	-	-	-23.09M	-	-20.5M
Other Unusual Items	-38.96M	-17.28M	-32.5M	-12.92M	-2.92M
EBT, Incl. Unusual Items	106M	177M	93.65M	-18.91M	-67.13M
Income Tax Expense	29.3M	45.37M	26.29M	-7.54M	-935K
Earnings From Continuing Operations	76.39M	132M	67.36M	-11.37M	-66.2M
Net Income to Company	76.39M	132M	67.36M	-11.37M	-66.2M
Net Income - (IS)	76.39M	132M	67.36M	-11.37M	-66.2M
Net Income to Common Incl Extra Items	76.39M	132M	67.36M	-11.37M	-66.2M
Net Income to Common Excl. Extra Items	76.39M	132M	67.36M	-11.37M	-66.2M
Per Share Items
Net EPS - Basic	1.17	2.06	1.03	-0.16	-0.89
Basic EPS - Continuing Operations	1.17	2.06	1.03	-0.16	-0.89
Basic Weighted Average Shares Outstanding	65.01M	64.16M	65.09M	70.47M	74.27M
Net EPS - Diluted	1.17	2.04	1.02	-0.16	-0.89
Diluted EPS - Continuing Operations	1.17	2.04	1.02	-0.16	-0.89
Diluted Weighted Average Shares Outstanding	65.04M	64.56M	65.75M	70.47M	74.27M
Normalized Basic EPS	1.4	1.91	1.48	0.83	0.82
Normalized Diluted EPS	1.4	1.9	1.47	0.83	0.82
Dividend Per Share	1.9	1.9	1.9	1.62	0.76
Payout Ratio	161.89	92.34	182.44	-1.17K	-84.61
Supplemental Items
EBITDA	300M	356M	335M	284M	310M
EBITA	260M	312M	274M	225M	262M
EBIT	241M	292M	252M	203M	241M
EBITDAR	313M	371M	351M	303M	331M
Effective Tax Rate - (Ratio)	27.72	25.58	28.07	39.86	1.39
Current Domestic Taxes	5.52M	120K	14.87M	14.01M	18.44M
Current Foreign Taxes	3.37M	2.64M	4.15M	5.35M	7.02M
Total Current Taxes	8.89M	2.76M	19.02M	19.36M	25.46M
Deferred Domestic Taxes	22.55M	39.79M	11.59M	-25.82M	-22.28M
Deferred Foreign Taxes	-2.13M	2.82M	-4.32M	-1.08M	-4.12M
Total Deferred Taxes	20.42M	42.61M	7.27M	-26.9M	-26.4M
Normalized Net Income	90.96M	122M	96.44M	58.34M	60.65M
Interest Capitalized	1.1M	700K	1.2M	1.5M	1.8M
Interest on Long-Term Debt	-	-	-	6.24M	9.35M
Non-Cash Pension Expense	-1.16M	-2.55M	-4.44M	-7.37M	-3.78M
Supplemental Operating Expense Items
Advertising Expense	7.8M	10.6M	7.2M	5.2M	6.5M
Selling and Marketing Expenses	7.8M	10.6M	7.2M	5.2M	6.5M
Net Rental Expense, Total	13.4M	14.9M	16.1M	19.3M	20.5M
Imputed Operating Lease Interest Expense	5.98M	5.69M	5.92M	8.14M	10.98M
Imputed Operating Lease Depreciation	7.42M	9.21M	10.18M	11.16M	9.52M
Stock-Based Comp., COGS (Total)	307K	2.16M	910K	695K	633K
Stock-Based Comp., SG&A Exp. (Total)	2.29M	8.45M	4.47M	3.22M	6.56M
Total Stock-Based Compensation	2.59M	10.62M	5.38M	3.92M	7.19M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	11.32M	52.18M	33.69M	45.44M	41.09M
Total Cash And Short Term Investments	11.32M	52.18M	33.69M	45.44M	41.09M
Accounts Receivable, Total	144M	133M	145M	150M	143M
Other Receivables	8.93M	15.76M	4.28M	8.02M	7.99M
Total Receivables	153M	149M	150M	158M	151M
Inventory	472M	493M	610M	726M	569M
Prepaid Expenses	25.45M	43.62M	38.15M	37.55M	41.75M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	-	-	3.26M	51.31M	-
Total Current Assets	662M	737M	834M	1.02B	803M
Gross Property Plant And Equipment	625M	718M	771M	777M	800M
Accumulated Depreciation	-282M	-314M	-364M	-391M	-426M
Net Property Plant And Equipment	344M	404M	407M	386M	374M
Goodwill	596M	645M	645M	619M	619M
Other Intangibles, Total	1.62B	1.97B	1.93B	1.79B	1.63B
Deferred Tax Assets Long-Term	7.37M	4.18M	8.55M	10.02M	15.58M
Deferred Charges Long-Term	2.2M	4.6M	3.7M	2.8M	1.8M
Other Long-Term Assets, Total	1.08M	1.35M	3.22M	16.29M	21.68M
Total Assets	3.23B	3.77B	3.83B	3.84B	3.46B
Liabilities
Accounts Payable, Total	115M	127M	130M	128M	124M
Accrued Expenses, Total	55.66M	77.46M	66.9M	64.14M	83.22M
Current Portion of Long-Term Debt	5.62M	-	-	50M	22M
Current Portion of Leases	9.81M	11.03M	12.42M	15.66M	18.01M
Current Income Taxes Payable	454K	101K	2.56M	309K	475K
Other Current Liabilities	30.42M	30.52M	32.55M	13.62M	14.94M
Total Current Liabilities	217M	246M	244M	272M	262M
Long-Term Debt	1.87B	2.33B	2.27B	2.34B	2.02B
Long-Term Leases	32M	23.96M	55.61M	53.52M	54.45M
Pension & Other Post Retirement Benefits	36.61M	35.61M	16.36M	7.85M	8.56M
Deferred Tax Liability Non Current	254M	293M	311M	289M	267M
Other Non Current Liabilities	1.04M	3.27M	13.64M	12.78M	12.26M
Total Liabilities	2.42B	2.94B	2.91B	2.97B	2.63B
Common Stock, Total	640K	643K	685K	717K	786K
Additional Paid In Capital	-	-	3.55M	-	46.99M
Retained Earnings	844M	867M	934M	877M	785M
Comprehensive Income and Other	-31.89M	-35.59M	-18.17M	-9.35M	2.6M
Total Common Equity	813M	832M	920M	868M	835M
Total Equity	813M	832M	920M	868M	835M
Total Liabilities And Equity	3.23B	3.77B	3.83B	3.84B	3.46B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	64.04M	64.67M	68.52M	71.67M	78.62M
ECS Total Common Shares Outstanding	64.04M	64.25M	68.52M	71.67M	78.62M
Book Value / Share	12.69	12.95	13.43	12.11	10.63
Tangible Book Value	-1.4B	-1.78B	-1.65B	-1.54B	-1.41B
Tangible Book Value Per Share	-21.84	-27.77	-24.11	-21.48	-17.96
Total Debt	1.92B	2.37B	2.34B	2.46B	2.12B
Net Debt	1.91B	2.32B	2.3B	2.41B	2.08B
Debt Equivalent of Unfunded Proj. Benefit Obligation	36.08M	35.02M	14.29M	108K	-3.45M
Debt Equivalent Oper. Leases	107M	119M	129M	154M	164M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	65.67M	87.84M	94.8M	127M	92.71M
Inventories - Work In Process, Total	112M	95.21M	145M	208M	128M
Inventories - Finished Goods, Total	295M	310M	370M	391M	348M
Land - (BS)	13.1M	25.02M	24.91M	25.51M	26.18M
Buildings, Total	136M	159M	150M	152M	163M
Machinery, Total	411M	479M	500M	507M	526M
Full Time Employees	2.9K	3.21K	2.85K	3.08K	2.91K
Accumulated Allowance for Doubtful Accounts (Supple)	1.79M	1.74M	2M	2.31M	2.26M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	76.39M	132M	67.36M	-11.37M	-66.2M
Depreciation & Amortization - CF	51.59M	56.55M	75.23M	76.19M	67.62M
Amortization of Goodwill and Intangible Assets - (CF)	18.54M	19.11M	21.63M	21.25M	20.76M
Depreciation & Amortization, Total	70.13M	75.66M	96.86M	97.44M	88.38M
Amortization of Deferred Charges, Total - (CF)	3.51M	4.69M	4.61M	4.72M	7.51M
(Gain) Loss From Sale Of Asset	-	-50K	775K	99.35M	139M
Asset Writedown & Restructuring Costs	97K	-	23.09M	-	20.5M
Stock-Based Compensation (CF)	2.59M	10.62M	5.38M	3.92M	7.19M
Tax Benefit from Stock Options	-	-	-	-	-
Provision and Write-off of Bad Debts	-	-	-	-	-
Other Operating Activities, Total	21.59M	42.61M	21.18M	-26.9M	-27.31M
Change In Accounts Receivable	13.92M	10.81M	-12.48M	-5.85M	7.32M
Change In Inventories	-57.44M	17.27M	-117M	-125M	89.91M
Change In Accounts Payable	-26.88M	4.93M	10.49M	83K	-8.27M
Change In Income Taxes	-38.69M	-7.11M	13.68M	-5.95M	575K
Change in Other Net Operating Assets	-18.73M	-9.94M	-19.81M	-24.51M	-10.38M
Cash from Operations	46.5M	281M	93.88M	5.96M	248M
Capital Expenditure	-42.36M	-26.75M	-43.58M	-22.29M	-25.69M
Sale of Property, Plant, and Equipment	46K	343K	737K	10.43M	107M
Cash Acquisitions	-82.43M	-542M	-	-27.29M	-
Cash from Investing	-125M	-569M	-42.84M	-39.15M	81.59M
Long-Term Debt Issued, Total	1.6B	1.06B	225M	420M	990M
Total Debt Issued	1.6B	1.06B	225M	420M	990M
Long-Term Debt Repaid, Total	-1.34B	-598M	-295M	-302M	-1.33B
Total Debt Repaid	-1.34B	-598M	-295M	-302M	-1.33B
Issuance of Common Stock	-	2.42M	125M	65.29M	73.83M
Repurchase of Common Stock	-35.62M	-69K	-1.71M	-4.1M	-1.88M
Common Dividends Paid	-124M	-122M	-123M	-133M	-56.01M
Common & Preferred Stock Dividends Paid	-124M	-122M	-123M	-133M	-56.01M
Other Financing Activities, Total	-13M	-9.15M	-276K	-	-11.7M
Cash from Financing	77.71M	328M	-69.84M	45.34M	-334M
Foreign Exchange Rate Adjustments	189K	331K	315K	-407K	-9K
Net Change in Cash	-333K	40.87M	-18.49M	11.75M	-4.35M
Supplemental Items
Cash Interest Paid	87.98M	97.45M	102M	119M	142M
Cash Income Tax Paid (Refund)	47.51M	9.81M	5.65M	25.57M	24.84M
Levered Free Cash Flow	-9.65M	182M	35.77M	-65.71M	361M
Unlevered Free Cash Flow	48.17M	241M	97.97M	7.64M	449M
Change In Net Working Capital	133M	1.49M	118M	199M	-228M
Net Debt Issued / Repaid	250M	457M	-70M	118M	-338M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.8	5.23	4.15	3.32	4.12
Return on Total Capital	5.72	6.16	4.88	3.86	4.79
Return On Equity %	8.92	16.05	7.69	-1.27	-7.77
Return on Common Equity	8.92	16.05	7.69	-1.27	-7.77
Margin Analysis
Gross Profit Margin %	24.4	24.73	22.21	19.36	22.23
SG&A Margin	8.75	8.9	8.88	8.97	9.55
EBITDA Margin %	18.07	18.1	16.3	13.13	15.05
EBITA Margin %	15.65	15.83	13.32	10.39	12.68
EBIT Margin %	14.53	14.86	12.27	9.41	11.68
Income From Continuing Operations Margin %	4.6	6.71	3.28	-0.53	-3.21
Net Income Margin %	4.6	6.71	3.28	-0.53	-3.21
Net Avail. For Common Margin %	4.6	6.71	3.28	-0.53	-3.21
Normalized Net Income Margin	5.48	6.22	4.69	2.7	2.94
Levered Free Cash Flow Margin	-0.58	9.25	1.74	-3.04	17.53
Unlevered Free Cash Flow Margin	2.9	12.24	4.76	0.35	21.75
Asset Turnover
Asset Turnover	0.53	0.56	0.54	0.56	0.56
Fixed Assets Turnover	5.3	5.26	5.07	5.46	5.42
Receivables Turnover (Average Receivables)	11.23	14.22	14.78	14.65	14.08
Inventory Turnover (Average Inventory)	2.87	3.07	2.9	2.61	2.48
Short Term Liquidity
Current Ratio	3.05	3	3.42	3.75	3.06
Quick Ratio	0.76	0.82	0.75	0.75	0.73
Operating Cash Flow to Current Liabilities	0.21	1.15	0.38	0.02	0.94
Days Sales Outstanding (Average Receivables)	32.4	26.1	24.62	24.85	25.86
Days Outstanding Inventory (Average Inventory)	126.65	120.85	125.45	139.43	147
Average Days Payable Outstanding	34.99	29.83	27.18	25.2	31.66
Cash Conversion Cycle (Average Days)	124.06	117.12	122.89