DARLING INGREDIENTS INC
For the period ended Mar 29, 2025. Filed May 7, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 29, 2025 · Filed May 7, 2025
DAR$51.57-1.8%Stored close · as of Nov 10, 2026
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Item 1. FINANCIAL STATEMENTS
CONSOLIDATED BALANCE SHEETS
March 29, 2025 and December 28, 2024
(in thousands, except share data)
| March 29,2025 | December 28,2024 | |
|---|---|---|
| ASSETS · (unaudited) | ||
| Current assets: | ||
| Cash and cash equivalents | $81,471 | $75,973 |
| Restricted cash | 39,872 | 37,579 |
| Accounts receivable, less allowance for credit losses of $16,716 at March 29, 2025 and $16,166 at December 28, 2024 | 590,783 | 581,108 |
| Accounts receivable due from related party - Diamond Green Diesel | 6,330 | 9,476 |
| Inventories | 595,408 | 576,837 |
| Prepaid expenses | 89,921 | 81,286 |
| Income taxes refundable | 25,084 | 35,063 |
| Other current assets | 25,852 | 42,114 |
| Total current assets | 1,454,721 | 1,439,436 |
| Property, plant and equipment, less accumulated depreciation of $2,697,272 at March 29, 2025 and $2,579,770 at December 28, 2024 | 2,739,079 | 2,713,669 |
| Intangible assets, less accumulated amortization of $604,065 at March 29, 2025 and $567,135 at December 28, 2024 | 898,050 | 898,412 |
| Goodwill | 2,389,238 | 2,322,593 |
| Investment in unconsolidated subsidiaries | 2,111,707 | 2,263,709 |
| Operating lease right-of-use assets | 217,927 | 210,692 |
| Other assets | 203,148 | 199,594 |
| Deferred income taxes | 18,173 | 22,368 |
| $10,032,043 | $10,070,473 | |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Current portion of long-term debt | $116,629 | $133,020 |
| Accounts payable, principally trade | 348,480 | 348,705 |
| Income taxes payable | 14,564 | 9,723 |
| Current operating lease liabilities | 63,841 | 62,761 |
| Accrued expenses | 492,254 | 489,295 |
| Total current liabilities | 1,035,768 | 1,043,504 |
| Long-term debt, net of current portion | 3,804,873 | 3,908,978 |
| Long-term operating lease liabilities | 158,400 | 152,327 |
| Other non-current liabilities | 207,801 | 208,350 |
| Deferred income taxes | 289,428 | 293,022 |
| Total liabilities | 5,496,270 | 5,606,181 |
| Commitments and contingencies | ||
| Stockholders’ equity: | ||
| Common stock, $0.01 par value; 250,000,000 shares authorized; 175,590,741 and 174,965,834 shares issued at March 29, 2025 and December 28, 2024, respectively | 1,756 | 1,750 |
| Additional paid-in capital | 1,723,198 | 1,720,877 |
| Treasury stock, at cost; 17,434,325 and 16,068,364 shares at March 29, 2025 and December 28, 2024, respectively | (718,747) | (672,710) |
| Accumulated other comprehensive loss | (543,750) | (684,241) |
| Retained earnings | 3,985,974 | 4,012,134 |
| Total Darling's stockholders’ equity | 4,448,431 | 4,377,810 |
| Noncontrolling interests | 87,342 | 86,482 |
| Total stockholders' equity | 4,535,773 | 4,464,292 |
| $10,032,043 | $10,070,473 | |
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