10-Q Filing

BIG HEART PET BRANDS CIK: 1259045 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001193125-13-363681`
Period End Date	20130731
Filing Date	20130911
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	ck0001259045-20130728.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 20 Cash Flow Statement 43 Comprehensive Income 10

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`	$594.20M	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	1,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$272.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$85.10M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.00	shares	Point-in-time
Trade accounts receivable, net of allowance	`AccountsReceivableNetCurrent`	$191.70M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.00	shares	Point-in-time
Trade accounts receivable, net of allowance	`AccountsReceivableNetCurrent`	$193.30M	USD	Point-in-time
Inventories	`InventoryNet`	$722.10M	USD	Point-in-time
Inventories	`InventoryNet`	$904.70M	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`	$144.50M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$130.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.64B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.33B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$763.90M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$772.30M	USD	Point-in-time
Goodwill	`Goodwill`	$2.12B	USD	Point-in-time
Goodwill	`Goodwill`	$2.27B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.72B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.99B	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$124.70M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$117.10M	USD	Point-in-time
Total assets	`Assets`	$7.36B	USD	Point-in-time
Total assets	`Assets`	$7.48B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$604.20M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$541.80M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$3.20M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$2.20M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$6.60M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$74.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$619.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$613.00M	USD	Point-in-time
Long-term debt, net of discount	`LongTermDebtNoncurrent`	$3.90B	USD	Point-in-time
Long-term debt, net of discount	`LongTermDebtNoncurrent`	$3.90B	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$968.50M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$1.08B	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$278.50M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$272.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.77B	USD	Point-in-time
Total liabilities	`Liabilities`	$5.87B	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`	$-15.60M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-16.40M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$20.30M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$40.20M	USD	Point-in-time
Total stockholder's equity	`StockholdersEquity`	$1.59B	USD	Point-in-time
Total stockholder's equity	`StockholdersEquity`	$1.62B	USD	Point-in-time
Total liabilities and stockholder's equity	`LiabilitiesAndStockholdersEquity`	$7.48B	USD	Point-in-time
Total liabilities and stockholder's equity	`LiabilitiesAndStockholdersEquity`	$7.36B	USD	Point-in-time

Income Statement 20 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$823.90M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$821.10M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$575.00M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$600.60M	USD	1 Quarter
Gross profit	`GrossProfit`	$220.50M	USD	1 Quarter
Gross profit	`GrossProfit`	$248.90M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$174.70M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$163.10M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$45.80M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$85.80M	USD	1 Quarter
Interest expense	`InterestExpense`	$65.20M	USD	1 Quarter
Interest expense	`InterestExpense`	$59.70M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$8.40M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$25.80M	USD	1 Quarter
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.40M	USD	1 Quarter
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$34.50M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$14.60M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$100.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.90M	USD	1 Quarter

Cash Flow Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$6.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.90M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$35.50M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$41.10M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$13.50M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$7.50M	USD	1 Quarter
Write off of debt issuance cost	`GainsLossesOnExtinguishmentOfDebt`	$-1.70M	USD	1 Quarter
Write off of debt issuance cost	`GainsLossesOnExtinguishmentOfDebt`	$-2.90M	USD	1 Quarter
Loss on asset disposals	`GainLossOnSaleOfPropertyPlantEquipment`	$-600.00K	USD	1 Quarter
Loss on asset disposals	`GainLossOnSaleOfPropertyPlantEquipment`	$-200.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$2.50M	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$3.00M	USD	1 Quarter
Unrealized (gain) loss on derivative financial instruments	`UnrealizedGainLossOnDerivatives`	$29.10M	USD	1 Quarter
Unrealized (gain) loss on derivative financial instruments	`UnrealizedGainLossOnDerivatives`	$16.90M	USD	1 Quarter
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$111.10M	USD	1 Quarter
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$32.20M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-800.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-53.80M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$28.40M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$25.40M	USD	1 Quarter
Purchase of equity method investment	`PaymentsToAcquireEquityMethodInvestments`	$14.60M	USD	1 Quarter
Cash used in business acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$337.50M	USD	1 Quarter
Payment for asset acquisition	`PaymentsToAcquireOtherProductiveAssets`	$12.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-380.50M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-37.40M	USD	1 Quarter
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$2.20M	USD	1 Quarter
Payments on short-term borrowings	`RepaymentsOfShortTermDebt`	$3.20M	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$74.50M	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$91.10M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-91.10M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-75.50M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.10M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$700.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-130.40M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-509.10M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$594.20M	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`	$272.40M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$85.10M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$594.20M	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`	$272.40M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$85.10M	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$6.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.90M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-100.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-400.00K	USD	1 Quarter
Prior service (cost) credit arising during the period, net of tax	`OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax`	$200.00K	USD	1 Quarter
Gain on cash flow hedging instruments, net of tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$1.10M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$800.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-400.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$20.70M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$5.90M	USD	1 Quarter

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