Cash flow Conagra Brands, Inc.

Equities

CAG

US2058871029

Food Processing

Market Closed - Nyse Other stock markets 04:00:02 2024-09-13 pm EDT			5-day change	1st Jan Change
32.05 ^USD	+0.94%		-2.11%	+11.83%

Aug. 29	Campbell Soup forecasts annual sales above estimates on steady demand	RE
Aug. 28	Conagra Brands Completes Sale of Nearly 52% Stake in Agro Tech Foods	MT

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Published financial data: CONAGRA BRANDS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: May	2020	2021	2022	2023	2024
Revenues	11.05B	11.18B	11.54B	12.28B	12.05B
Total Revenues	11.05B	11.18B	11.54B	12.28B	12.05B
Cost of Goods Sold, Total	7.95B	7.97B	8.68B	9.01B	8.7B
Gross Profit	3.1B	3.22B	2.86B	3.27B	3.35B
Selling General & Admin Expenses, Total	1.29B	1.21B	1.13B	1.38B	1.4B
Other Operating Expenses, Total	1.29B	1.21B	1.13B	1.38B	1.4B
Operating Income	1.81B	2.01B	1.73B	1.88B	1.95B
Interest Expense, Total	-490M	-422M	-382M	-414M	-436M
Interest And Investment Income	3.1M	1.9M	2.1M	3.9M	5.7M
Net Interest Expenses	-487M	-420M	-380M	-410M	-430M
Income (Loss) On Equity Invest.	73.2M	84.4M	145M	212M	178M
EBT, Excl. Unusual Items	1.4B	1.67B	1.49B	1.69B	1.7B
Restructuring Charges	-140M	-77.9M	-49M	-12.9M	-66.6M
Merger & Related Restructuring Charges	-5.3M	-5.7M	-2.4M	-8.4M	-
Impairment of Goodwill	-	-	-	-142M	-526M
Asset Writedown	-224M	-90.9M	-279M	-616M	-467M
Insurance Settlements	-	-	-	-	8.1M
Legal Settlements	-	-2.6M	19.6M	-3.8M	-34.8M
Other Unusual Items	11.9M	-	-2.2M	-2.6M	-
EBT, Incl. Unusual Items	1.04B	1.49B	1.18B	902M	610M
Income Tax Expense	201M	194M	290M	219M	262M
Earnings From Continuing Operations	842M	1.3B	888M	683M	348M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	842M	1.3B	888M	683M	348M
Minority Interest	-1.7M	-2.1M	-	400K	-500K
Net Income - (IS)	840M	1.3B	888M	684M	347M
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	840M	1.3B	888M	684M	347M
Net Income to Common Excl. Extra Items	840M	1.3B	888M	684M	347M
Per Share Items
Net EPS - Basic	1.72	2.67	1.85	1.43	0.73
Basic EPS - Continuing Operations	1.72	2.67	1.85	1.43	0.73
Basic Weighted Average Shares Outstanding	487M	486M	480M	479M	479M
Net EPS - Diluted	1.72	2.66	1.84	1.42	0.72
Diluted EPS - Continuing Operations	1.72	2.66	1.84	1.42	0.72
Diluted Weighted Average Shares Outstanding	489M	488M	482M	481M	480M
Normalized Basic EPS	1.79	2.15	1.94	2.2	2.21
Normalized Diluted EPS	1.79	2.14	1.93	2.19	2.21
Dividend Per Share	0.85	1.04	1.25	1.32	1.4
Payout Ratio	49.23	36.54	65.5	91.25	189.89
Supplemental Items
EBITDA	2.19B	2.36B	2.01B	2.25B	2.34B
EBITA	1.87B	2.07B	1.79B	1.94B	2B
EBIT	1.81B	2.01B	1.73B	1.88B	1.95B
EBITDAR	2.26B	2.42B	2.08B	2.32B	2.4B
Effective Tax Rate - (Ratio)	19.3	12.97	24.65	24.25	43.02
Current Domestic Taxes	214M	264M	235M	347M	327M
Current Foreign Taxes	9.5M	15.3M	18.4M	25.7M	28.3M
Total Current Taxes	223M	280M	253M	373M	356M
Deferred Domestic Taxes	-24.7M	-89.6M	38.6M	-150M	-84.3M
Deferred Foreign Taxes	2.8M	3.7M	-1.3M	-3.9M	-8.8M
Total Deferred Taxes	-21.9M	-85.9M	37.3M	-154M	-93.1M
Normalized Net Income	874M	1.04B	932M	1.05B	1.06B
Interest Capitalized	6.6M	10.2M	13.4M	7.4M	8.8M
Interest on Long-Term Debt	496M	430M	393M	402M	419M
Non-Cash Pension Expense	-5.6M	-49.9M	-63.1M	-20.4M	-6.4M
Supplemental Operating Expense Items
Advertising Expense	231M	258M	245M	290M	290M
Selling and Marketing Expenses	231M	258M	245M	290M	290M
Research And Development Expense From Footnotes	56.4M	51.3M	53.4M	57.7M	61.4M
Net Rental Expense, Total	67.5M	56.1M	60.2M	66.3M	64.3M
Imputed Operating Lease Interest Expense	25.95M	20.19M	20.65M	23.89M	25.27M
Imputed Operating Lease Depreciation	41.55M	35.91M	39.55M	42.41M	39.03M
Stock-Based Comp., SG&A Exp. (Total)	63.1M	66.4M	-	-	30.8M
Stock-Based Comp., Other (Total)	-	-	26.1M	79.2M	-
Total Stock-Based Compensation	63.1M	66.4M	26.1M	79.2M	30.8M

Fiscal Period: May	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	553M	79.2M	83.3M	93.9M	77.7M
Total Cash And Short Term Investments	553M	79.2M	83.3M	93.9M	77.7M
Accounts Receivable, Total	861M	794M	867M	965M	872M
Total Receivables	861M	794M	867M	965M	872M
Inventory	1.38B	1.73B	1.94B	2.23B	2.08B
Prepaid Expenses	84.8M	77.5M	85.2M	70.7M	79.3M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	9.1M	17.5M	58.1M	23M	37.7M
Total Current Assets	2.89B	2.7B	3.03B	3.38B	3.15B
Gross Property Plant And Equipment	5.4B	5.81B	6.06B	6.39B	6.75B
Accumulated Depreciation	-2.8B	-3.02B	-3.14B	-3.42B	-3.68B
Net Property Plant And Equipment	2.6B	2.8B	2.92B	2.97B	3.07B
Long-term Investments	799M	842M	918M	998M	932M
Goodwill	11.44B	11.37B	11.33B	11.18B	10.58B
Other Intangibles, Total	4.32B	4.16B	3.85B	3.21B	2.71B
Other Long-Term Assets, Total	268M	324M	379M	312M	416M
Total Assets	22.3B	22.2B	22.44B	22.05B	20.86B
Liabilities
Accounts Payable, Total	1.53B	1.66B	1.86B	1.53B	1.49B
Accrued Expenses, Total	859M	859M	687M	683M	711M
Short-term Borrowings	1.1M	707M	184M	641M	928M
Current Portion of Long-Term Debt	823M	-	687M	1.5B	100K
Current Portion of Leases	66.6M	59.7M	64.2M	59.7M	59.6M
Other Current Liabilities	11.9M	23.9M	31.7M	28.4M	49.1M
Total Current Liabilities	3.29B	3.31B	3.52B	4.44B	3.24B
Long-Term Debt	8.77B	8.16B	7.98B	6.99B	7.24B
Long-Term Leases	339M	304M	308M	282M	426M
Pension & Other Post Retirement Benefits	325M	197M	161M	138M	128M
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	1.63B	1.6B	1.61B	1.4B	1.32B
Total Liabilities	14.35B	13.56B	13.57B	13.25B	12.35B
Common Stock, Total	2.92B	2.92B	2.92B	2.92B	2.92B
Additional Paid In Capital	2.32B	2.34B	2.32B	2.38B	2.36B
Retained Earnings	5.47B	6.26B	6.55B	6.6B	6.28B
Treasury Stock	-2.73B	-2.98B	-3B	-3.12B	-3.08B
Comprehensive Income and Other	-110M	5.8M	-11.2M	-44.4M	-35.5M
Total Common Equity	7.88B	8.55B	8.79B	8.74B	8.44B
Minority Interest	74.6M	79.6M	74.5M	70.5M	70.9M
Total Equity	7.95B	8.63B	8.86B	8.81B	8.51B
Total Liabilities And Equity	22.3B	22.2B	22.44B	22.05B	20.86B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	487M	480M	480M	477M	478M
ECS Total Common Shares Outstanding	487M	480M	480M	477M	478M
Book Value / Share	16.17	17.81	18.31	18.32	17.65
Tangible Book Value	-7.88B	-6.98B	-6.39B	-5.65B	-4.85B
Tangible Book Value Per Share	-16.17	-14.53	-13.32	-11.84	-10.14
Total Debt	10B	9.23B	9.22B	9.47B	8.65B
Net Debt	9.44B	9.15B	9.14B	9.37B	8.58B
Debt Equivalent of Unfunded Proj. Benefit Obligation	52.1M	-110M	-162M	-148M	-164M
Debt Equivalent Oper. Leases	540M	449M	482M	530M	514M
Minority Interest, Total (Incl. Fin. Div)	74.6M	79.6M	74.5M	70.5M	70.9M
Equity Method Investments, Total	799M	842M	918M	998M	932M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	292M	291M	383M	383M	323M
Inventories - Work In Process, Total	125M	125M	165M	225M	277M
Inventories - Finished Goods, Total	888M	1.24B	1.31B	1.52B	1.38B
Inventories - Others	73.3M	80.1M	85.8M	102M	106M
Land - (BS)	145M	156M	173M	167M	169M
Buildings, Total	4.14B	4.49B	4.82B	5.02B	5.47B
Machinery, Total	656M	674M	676M	689M	687M
Full Time Employees	16.5K	18.6K	18K	18.6K	18.5K
Accumulated Allowance for Doubtful Accounts (Supple)	2.6M	3.2M	3.9M	3.8M	3M

Fiscal Period: May	2020	2021	2022	2023	2024
Net Income	840M	1.3B	888M	684M	347M
Depreciation & Amortization - CF	319M	295M	229M	312M	332M
Amortization of Goodwill and Intangible Assets - (CF)	59.8M	59.7M	59.3M	56.8M	53.6M
Depreciation & Amortization, Total	379M	355M	288M	369M	386M
(Gain) Loss From Sale Of Asset	2.2M	-65.5M	-	-	-
Asset Writedown & Restructuring Costs	270M	128M	372M	772M	1.05B
(Income) Loss On Equity Investments - (CF)	-21.8M	-27.9M	-66.3M	-73.6M	74M
Stock-Based Compensation (CF)	59.2M	63.9M	26.1M	79.2M	30.8M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	1.4M	14M	-112M	-18.8M	-3.5M
Change In Accounts Receivable	-43.8M	66.1M	-69.5M	-102M	70.1M
Change In Inventories	164M	-364M	-233M	-265M	132M
Change In Accounts Payable	234M	141M	224M	-249M	-22.7M
Change In Deferred Taxes	23.1M	-92.5M	-8.7M	-188M	-81.1M
Change in Other Net Operating Assets	-64.5M	-49.1M	-131M	-11.2M	32.5M
Cash from Operations	1.84B	1.47B	1.18B	995M	2.02B
Capital Expenditure	-370M	-506M	-464M	-362M	-388M
Sale of Property, Plant, and Equipment	14M	2.5M	20.2M	3.2M	800K
Cash Acquisitions	-	-	-	-	-
Divestitures	195M	161M	100K	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	7M	2.7M	5.9M	0	0
Other Investing Activities, Total	100K	-	3.3M	4.1M	12.3M
Cash from Investing	-154M	-340M	-435M	-355M	-375M
Short Term Debt Issued, Total	100K	1B	393M	681M	476M
Long-Term Debt Issued, Total	-	988M	499M	500M	500M
Total Debt Issued	100K	1.99B	892M	1.18B	976M
Short Term Debt Repaid, Total	-	-299M	-916M	-330M	-186M
Long-Term Debt Repaid, Total	-948M	-2.51B	-48.5M	-712M	-1.77B
Total Debt Repaid	-948M	-2.81B	-964M	-1.04B	-1.96B
Issuance of Common Stock	4.8M	-	-	2.3M	-
Repurchase of Common Stock	-	-298M	-61.3M	-150M	-13.8M
Common Dividends Paid	-414M	-475M	-582M	-624M	-659M
Common & Preferred Stock Dividends Paid	-414M	-475M	-582M	-624M	-659M
Other Financing Activities, Total	-14.2M	-16.8M	-22.4M	900K	-1.6M
Cash from Financing	-1.37B	-1.61B	-738M	-632M	-1.66B
Foreign Exchange Rate Adjustments	-1.7M	7.7M	-1.3M	1.7M	1.2M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-700K
Net Change in Cash	317M	-474M	3.1M	10.6M	-15.6M
Supplemental Items
Cash Interest Paid	495M	446M	394M	416M	444M
Cash Income Tax Paid (Refund)	178M	286M	299M	407M	343M
Levered Free Cash Flow	1.34B	758M	406M	324M	1.2B
Unlevered Free Cash Flow	1.65B	1.02B	645M	583M	1.47B
Change In Net Working Capital	-440M	148M	285M	682M	-227M
Net Debt Issued / Repaid	-947M	-820M	-72.5M	139M	-982M

Fiscal Period: May	2020	2021	2022	2023	2024
Profitability
Return on Assets	5.09	5.64	4.84	5.3	5.68
Return on Total Capital	6.28	7.01	6	6.48	6.88
Return On Equity %	10.92	15.69	10.15	7.73	4.02
Return on Common Equity	11.01	15.81	10.24	7.8	4.04
Margin Analysis
Gross Profit Margin %	28.07	28.76	24.8	26.6	27.82
SG&A Margin	11.66	10.8	9.83	11.25	11.64
EBITDA Margin %	19.84	21.12	17.47	18.36	19.38
EBITA Margin %	16.95	18.48	15.48	15.81	16.62
EBIT Margin %	16.41	17.95	14.97	15.35	16.18
Income From Continuing Operations Margin %	7.62	11.63	7.7	5.56	2.89
Net Income Margin %	7.6	11.61	7.7	5.57	2.88
Net Avail. For Common Margin %	7.6	11.61	7.7	5.57	2.88