10-Q Filing

BIG HEART PET BRANDS CIK: 1259045 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0001193125-13-100592`
Period End Date	20130131
Filing Date	20130311
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	ck0001259045-20130127.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 56 Cash Flow Statement 47 Comprehensive Income 17

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$238.30M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$348.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$402.80M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$205.20M	USD	Point-in-time
Trade accounts receivable, net of allowance	`AccountsReceivableNetCurrent`	$230.40M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.00	shares	Point-in-time
Trade accounts receivable, net of allowance	`AccountsReceivableNetCurrent`	$195.30M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.00	shares	Point-in-time
Inventories	`InventoryNet`	$748.70M	USD	Point-in-time
Inventories	`InventoryNet`	$873.90M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.00	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$93.60M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$125.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.55B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.47B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$734.40M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$729.20M	USD	Point-in-time
Goodwill	`Goodwill`	$2.12B	USD	Point-in-time
Goodwill	`Goodwill`	$2.12B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.74B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.77B	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$148.10M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$134.10M	USD	Point-in-time
Total assets	`Assets`	$7.24B	USD	Point-in-time
Total assets	`Assets`	$7.27B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$501.90M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$575.30M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$3.30M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$4.70M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$19.70M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$91.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$596.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$599.70M	USD	Point-in-time
Long-term debt, net of discount	`LongTermDebtNoncurrent`	$3.88B	USD	Point-in-time
Long-term debt, net of discount	`LongTermDebtNoncurrent`	$3.86B	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$953.80M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$962.10M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$281.70M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$308.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.74B	USD	Point-in-time
Total liabilities	`Liabilities`	$5.71B	USD	Point-in-time
Common stock ($0.01 par value per share, shares authorized: 1,000; 10 issued and outstanding)	`CommonStockValue`	-	USD	Point-in-time
Common stock ($0.01 par value per share, shares authorized: 1,000; 10 issued and outstanding)	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.59B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.59B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-12.90M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-14.80M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-7.70M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-71.90M	USD	Point-in-time
Total stockholder's equity	`StockholdersEquity`	$1.50B	USD	Point-in-time
Total stockholder's equity	`StockholdersEquity`	$1.56B	USD	Point-in-time
Total liabilities and stockholder's equity	`LiabilitiesAndStockholdersEquity`	$7.24B	USD	Point-in-time
Total liabilities and stockholder's equity	`LiabilitiesAndStockholdersEquity`	$7.27B	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$2.86B	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$1.03B	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$2.74B	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$971.10M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$1.96B	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$2.06B	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$738.40M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$693.90M	USD	1 Quarter
Gross profit	`GrossProfit`	$289.80M	USD	1 Quarter
Gross profit	`GrossProfit`	$277.20M	USD	1 Quarter
Gross profit	`GrossProfit`	$794.80M	USD	3 Qtrs
Gross profit	`GrossProfit`	$781.00M	USD	3 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$152.70M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$534.90M	USD	3 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$180.90M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$500.10M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$259.90M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$124.50M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$280.90M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$108.90M	USD	1 Quarter
Interest expense	`InterestExpense`	$188.50M	USD	3 Qtrs
Interest expense	`InterestExpense`	$61.30M	USD	1 Quarter
Interest expense	`InterestExpense`	$62.80M	USD	1 Quarter
Interest expense	`InterestExpense`	$187.80M	USD	3 Qtrs
Other (income) expense	`OtherNonoperatingIncomeExpense`	$-6.50M	USD	1 Quarter
Other (income) expense	`OtherNonoperatingIncomeExpense`	$-64.40M	USD	3 Qtrs
Other (income) expense	`OtherNonoperatingIncomeExpense`	$-16.00M	USD	1 Quarter
Other (income) expense	`OtherNonoperatingIncomeExpense`	$24.20M	USD	3 Qtrs
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$96.30M	USD	3 Qtrs
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$45.70M	USD	1 Quarter
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$41.10M	USD	1 Quarter
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$28.00M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$18.40M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$11.10M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$32.80M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$13.50M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperations`	$16.90M	USD	3 Qtrs
Income from continuing operations	`IncomeLossFromContinuingOperations`	$63.50M	USD	3 Qtrs
Income from continuing operations	`IncomeLossFromContinuingOperations`	$27.30M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperations`	$27.60M	USD	1 Quarter
Income from discontinued operations before income taxes	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	-	USD	3 Qtrs
Income from discontinued operations before income taxes	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	-	USD	3 Qtrs
Income from discontinued operations before income taxes	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	-	USD	1 Quarter
Income from discontinued operations before income taxes	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	-	USD	1 Quarter
Income tax benefit	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$-1.30M	USD	1 Quarter
Income tax benefit	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$-700.00K	USD	3 Qtrs
Income tax benefit	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$-700.00K	USD	1 Quarter
Income tax benefit	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$-1.30M	USD	3 Qtrs
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$1.30M	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$700.00K	USD	3 Qtrs
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$700.00K	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$1.30M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$28.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$64.20M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$28.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.20M	USD	3 Qtrs

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$28.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$64.20M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$28.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.20M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$112.40M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$117.70M	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-6.70M	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.90M	USD	3 Qtrs
Write off of debt issuance cost	`GainsLossesOnExtinguishmentOfDebt`	$-2.90M	USD	3 Qtrs
Loss on asset disposals	`GainLossOnSaleOfPropertyPlantEquipment`	$-2.40M	USD	3 Qtrs
Loss on asset disposals	`GainLossOnSaleOfPropertyPlantEquipment`	$-2.30M	USD	3 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$3.40M	USD	3 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$6.10M	USD	3 Qtrs
Unrealized (gain) loss on derivative financial instruments	`UnrealizedGainLossOnDerivatives`	$-61.30M	USD	3 Qtrs
Unrealized (gain) loss on derivative financial instruments	`UnrealizedGainLossOnDerivatives`	$37.30M	USD	3 Qtrs
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$53.20M	USD	3 Qtrs
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$38.20M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$112.20M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$140.40M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$62.70M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$49.10M	USD	3 Qtrs
Merger, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$47.50M	USD	3 Qtrs
Payment for asset acquisition	`PaymentsToAcquireOtherProductiveAssets`	$12.00M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-74.70M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-96.60M	USD	3 Qtrs
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$9.30M	USD	3 Qtrs
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$5.10M	USD	3 Qtrs
Payments on short-term borrowings	`RepaymentsOfShortTermDebt`	$7.90M	USD	3 Qtrs
Payments on short-term borrowings	`RepaymentsOfShortTermDebt`	$8.90M	USD	3 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$91.10M	USD	3 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$13.50M	USD	3 Qtrs
Payments of debt-related costs	`PaymentsOfFinancingCosts`	$100.00K	USD	3 Qtrs
Capital contribution, net	`ProceedsFromContributionsFromParent`	$2.00M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-89.70M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-15.40M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$4.70M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.80M	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-54.00M	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$33.10M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$238.30M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$348.80M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$402.80M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$205.20M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$238.30M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$348.80M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$402.80M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$205.20M	USD	Point-in-time

Comprehensive Income 17 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$28.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$64.20M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$28.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.20M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-800.00K	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-100.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-100.00K	USD	3 Qtrs
Prior service (cost) credit arising during the period, net of tax	`OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax`	$4.30M	USD	3 Qtrs
Loss on cash flow hedging instruments, net of tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-1.00M	USD	1 Quarter
Loss on cash flow hedging instruments, net of tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-1.80M	USD	3 Qtrs
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.10M	USD	1 Quarter
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.90M	USD	3 Qtrs
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-5.10M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$62.30M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$28.60M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$27.20M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$13.10M	USD	3 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.