CONAGRA BRANDS INC.

Listed Company

CAGCIK 0000023217NYSELarge AcceleratedFood And Kindred ProductsDelawareFY ends May 31

Period

FY 2025

Revenue

$11.61B

Net Income

$1.15B

Total Assets

$20.93B

Equity

$8.93B

Shares Out

478.44M

Op. Cash Flow

$1.69B

Business

Conagra Brands Inc. is a branded consumer packaged goods food company that develops, manufactures, and markets value‑added food products. It offers a portfolio of branded grocery, snack, refrigerated and frozen items and foodservice products under names such as Birds Eye, Duncan Hines, Healthy Choice, Marie Callender’s, Reddi‑wip, Slim Jim, and Angie’s BOOMCHICKAPOP. The company operates through reporting segments: Grocery & Snacks; Refrigerated & Frozen; International; and Foodservice. Its products are sold through retail and e‑commerce channels, distributors, and foodservice customers, including restaurants, institutions, and other commercial buyers in the U.S. and abroad.

Summary from filing dated 2025-07-10

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-05-31	FY 2024 2024-05-31	FY 2023 2023-05-31	FY 2022 2022-05-31	FY 2021 2021-05-31
Net sales	11,613	12,051	12,277	−11,536	11,185
Cost of goods sold	8,609	8,718	9,012	8,697	8,006
Gross profit	3,004	3,333	3,265	—	—
Selling, general and administrative expenses	1,537	1,488	1,432	1,493	1,403
Goodwill impairment charges	—	527	142	—	—
Other intangible asset impairment charges	72	430	589	—	—
Loss on divestitures	30	36	27	—	—
Operating profit	1,365	853	1,075	—	—
Pension and postretirement non-service income	26	10	24	67	−55
Interest expense, net	417	431	410	380	420
Equity method investment earnings	182	178	212	145	84
Income before income taxes	1,156	610	902	1,179	—
Income tax expense	4	263	219	291	194
Net income	1,153	348	683	888	1,301
Less: Net income (loss) attributable to noncontrolling interests	100,000	500,000	−400,000	0	2
Net income attributable to Conagra Brands, Inc.	1,152	347	684	888	1,299
Net income attributable to Conagra Brands, Inc. common stockholders (in dollars per share)	2.41	0.73	1.43	1.85	2.67
Net income attributable to Conagra Brands, Inc. common stockholders (in dollars per share)	2.4	0.72	1.42	1.84	2.66

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-05-31	FY 2024 2024-05-31	FY 2023 2023-05-31	FY 2022 2022-05-31	FY 2021 2021-05-31
Cash and cash equivalents	68	78	93	83	79
Receivables, less allowance for doubtful accounts of $3.6 and $3.0	770	872	953	867	794
Inventories	2,048	1,982	2,212	1,967	1,710
Prepaid expenses and other current assets	91	85	92	116	95
Current assets held for sale	94	134	34	27	24
Total current assets	3,071	3,150	3,385	3,034	2,702
Land and land improvements	161	158	164	173	155
Buildings, machinery and equipment	5,516	5,232	—	—	—
Furniture, fixtures, office equipment and other	670	677	—	—	—
Construction in progress	227	247	314	184	300
Property, plant and equipment	6,574	6,314	6,135	5,896	5,565
Less accumulated depreciation	−3,738	−3,493	−3,398	−3,159	−2,993
Property, plant and equipment, net	2,836	2,821	2,736	2,737	2,572
Goodwill	10,502	10,326	10,853	11,255	11,339
Brands, trademarks and other intangibles, net	2,421	2,485	3,192	3,858	4,125
Other assets	1,571	1,430	1,506	1,477	1,345
Noncurrent assets held for sale	533	651	123	32	113
Assets	20,934	20,862	22,053	22,435	22,196
Notes payable	805	928	636	184	707
Current installments of long-term debt	1,029	20	1,516	707	23
Accounts and other payables	1,590	1,494	1,526	1,865	1,656
Accrued payroll	146	193	164	152	175
Other accrued liabilities	745	589	583	611	743
Current liabilities held for sale	3	18	16	2	2
Total current liabilities	4,317	3,242	4,441	3,519	3,306
Senior long-term debt, excluding current installments	6,234	7,493	7,081	8,088	8,275
Deferred income taxes	810	1,024	—	—	—
Other noncurrent liabilities	640	588	1,718	1,966	1,980
Noncurrent liabilities held for sale	200,000	5	5	2	3
Total liabilities	12,001	12,351	13,245	13,573	13,564
Common stock of $5 par value, authorized 1,200,000,000 shares; issued 584,219,229	2,921	2,921	2,921	2,921	2,921
Additional paid-in capital	2,347	2,363	2,377	—	—
Retained earnings	6,759	6,276	6,599	6,551	6,263
Accumulated other comprehensive income (loss)	16	−36	−44	−11	6
Less treasury stock, at cost, 106,846,304 and 106,050,133 common shares	−3,111	−3,085	−3,116	−2,998	—
Total Conagra Brands, Inc. common stockholders' equity	8,933	8,440	8,737	8,788	8,552
Noncontrolling interests	—	71	71	75	80
Total stockholders' equity	8,933	8,511	8,807	8,862	8,631
Liabilities and Equity	20,934	20,862	22,053	22,435	22,196

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-05-31	FY 2024 2024-05-31	FY 2023 2023-05-31	FY 2022 2022-05-31	FY 2021 2021-05-31
Depreciation and amortization	390	401	370	375	388
Asset impairment charges	177	1,036	771	285	96
Equity method investment earnings less than (in excess of) distributions	−22	74	−74	−66	−28
Stock-settled share-based payments expense	42	31	79	26	64
Contributions to pension plans	−12	−12	−13	−12	−28
Pension benefit	−20	−600,000	−14	−54	−38
Other items	7	16	8	−46	9
Receivables	174	77	−102	−70	66
Inventories	−36	132	−265	−233	−364
Deferred income taxes and income taxes payable, net	−224	−81	−189	−9	−93
Prepaid expenses and other current assets	−900,000	−2	24	−10	−9
Accounts and other payables	50	−23	−249	224	141
Accrued payroll	−46	30	13	−24	−14
Other accrued liabilities	−900,000	−20	−7	−48	−60
Litigation receivables, net of recoveries	−67	−15	—	—	—
Litigation accruals, net of payments	128	25	−15	—	—
Deferred employer payroll taxes	—	—	−26	−26	34
Net cash flows from operating activities	1,692	2,016	995	1,177	1,468
Additions to property, plant and equipment	−389	−388	−362	−464	−506
Sales of marketable securities	3	800,000	3	20	3
Purchase of marketable securities	—	−10	−5	−5	−12
Sale of marketable securities	—	10	5	10	15
Purchase of businesses, net of cash acquired	−231	—	—	—	0
Proceeds from divestitures, net of cash divested	77	—	—	—	—
Proceeds from insurance recoveries	—	12	—	—	—
Other items	−3	400,000	4	3	0
Net cash flows from investing activities	−542	−375	−355	−435	−340
Issuance of short-term borrowings, maturities greater than 90 days	338	467	287	393	299
Repayment of short-term borrowings, maturities greater than 90 days	−135	−186	−330	−393	−299
Net issuance (repayment) of other short-term borrowings, maturities less than or equal to 90 days	−328	10	395	−523	706
Issuance of long-term debt	—	500	500	499	988
Repayment of long-term debt	−281	−1,773	−712	−49	−2,515
Debt issuance costs	—	−3	−4	−3	−6
Repurchase of Conagra Brands, Inc. common shares	−64	—	−150	−50	−298
Cash dividends paid	−669	−659	−624	−582	−475
Exercise of stock options and issuance of other stock awards, including tax withholdings	−21	−14	2	−11	−100,000
Other items	2	2	5	−7	2
Net cash flows from financing activities	−1,158	−1,657	−632	−738	−1,610
Effect of exchange rate changes on cash and cash equivalents and restricted cash	−2	1	2	−1	8
Net change in cash and cash equivalents and restricted cash, including cash balances classified as assets held for sale	−11	−15	11	3	−474
Less: Net change in cash balances classified as assets held for sale	−1	700,000	−500,000	—	—
Net change in cash and cash equivalents and restricted cash	−10	−16	11	3	—

Filings

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