10-Q Filing

BIG HEART PET BRANDS CIK: 1259045 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001193125-14-091181`
Period End Date	20140131
Filing Date	20140310
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	ck0001259045-20140126.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 56 Cash Flow Statement 51 Comprehensive Income 21

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
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`	$581.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.60M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.00	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.00	shares	Point-in-time
Trade accounts receivable, net of allowance	`AccountsReceivableNetCurrent`	$96.90M	USD	Point-in-time
Trade accounts receivable, net of allowance	`AccountsReceivableNetCurrent`	$128.70M	USD	Point-in-time
Inventories, net	`InventoryNet`	$168.80M	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
Inventories, net	`InventoryNet`	$214.90M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$67.90M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$70.60M	USD	Point-in-time
Discontinued operations-assets	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$2.09B	USD	Point-in-time
Discontinued operations-assets	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$2.13B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.00B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.57B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$357.20M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$364.60M	USD	Point-in-time
Goodwill	`Goodwill`	$2.11B	USD	Point-in-time
Goodwill	`Goodwill`	$1.98B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.92B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.17B	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$106.60M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$107.10M	USD	Point-in-time
Total assets	`Assets`	$7.36B	USD	Point-in-time
Total assets	`Assets`	$7.32B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$329.50M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$371.60M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$19.80M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$74.50M	USD	Point-in-time
Discontinued operations-liabilities	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$351.70M	USD	Point-in-time
Discontinued operations-liabilities	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$346.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$750.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$743.10M	USD	Point-in-time
Long-term debt, net of discount	`LongTermDebtNoncurrent`	$3.88B	USD	Point-in-time
Long-term debt, net of discount	`LongTermDebtNoncurrent`	$3.90B	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$965.60M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$1.00B	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$150.50M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$133.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.76B	USD	Point-in-time
Total liabilities	`Liabilities`	$5.77B	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`	$-15.80M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-16.40M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-18.30M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$20.30M	USD	Point-in-time
Total stockholder's equity	`StockholdersEquity`	$1.59B	USD	Point-in-time
Total stockholder's equity	`StockholdersEquity`	$1.55B	USD	Point-in-time
Total liabilities and stockholder's equity	`LiabilitiesAndStockholdersEquity`	$7.32B	USD	Point-in-time
Total liabilities and stockholder's equity	`LiabilitiesAndStockholdersEquity`	$7.36B	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$527.00M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$1.48B	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$1.61B	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$575.70M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$368.50M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$354.60M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$1.03B	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$994.30M	USD	3 Qtrs
Gross profit	`GrossProfit`	$172.40M	USD	1 Quarter
Gross profit	`GrossProfit`	$582.40M	USD	3 Qtrs
Gross profit	`GrossProfit`	$488.00M	USD	3 Qtrs
Gross profit	`GrossProfit`	$207.20M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$107.30M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$124.80M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$337.70M	USD	3 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$362.00M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$150.30M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$220.40M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$82.40M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$65.10M	USD	1 Quarter
Interest expense	`InterestExpense`	$176.80M	USD	3 Qtrs
Interest expense	`InterestExpense`	$187.20M	USD	3 Qtrs
Interest expense	`InterestExpense`	$58.40M	USD	1 Quarter
Interest expense	`InterestExpense`	$61.00M	USD	1 Quarter
Other (income) expense	`OtherNonoperatingIncomeExpense`	$18.80M	USD	3 Qtrs
Other (income) expense	`OtherNonoperatingIncomeExpense`	$200.00K	USD	1 Quarter
Other (income) expense	`OtherNonoperatingIncomeExpense`	$9.80M	USD	3 Qtrs
Other (income) expense	`OtherNonoperatingIncomeExpense`	$-8.40M	USD	1 Quarter
Income (loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$53.40M	USD	3 Qtrs
Income (loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.30M	USD	1 Quarter
Income (loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-18.10M	USD	3 Qtrs
Income (loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$24.20M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$25.00M	USD	3 Qtrs
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$8.60M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$-2.80M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$-9.60M	USD	3 Qtrs
Income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$-8.50M	USD	3 Qtrs
Income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$-1.50M	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$15.60M	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$28.40M	USD	3 Qtrs
Income (loss) from discontinued operations before income taxes	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$114.40M	USD	3 Qtrs
Income (loss) from discontinued operations before income taxes	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$45.40M	USD	1 Quarter
Income (loss) from discontinued operations before income taxes	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$-105.40M	USD	3 Qtrs
Income (loss) from discontinued operations before income taxes	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$37.30M	USD	1 Quarter
Provision (benefit) for income taxes	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$41.70M	USD	3 Qtrs
Provision (benefit) for income taxes	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$15.60M	USD	1 Quarter
Provision (benefit) for income taxes	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$-38.40M	USD	3 Qtrs
Provision (benefit) for income taxes	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$18.70M	USD	1 Quarter
Income (loss) from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-67.00M	USD	3 Qtrs
Income (loss) from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$72.70M	USD	3 Qtrs
Income (loss) from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$29.80M	USD	1 Quarter
Income (loss) from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$18.60M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-38.60M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$28.30M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$64.20M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$34.20M	USD	1 Quarter

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-38.60M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$28.30M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$64.20M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$34.20M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$102.30M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$117.70M	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.90M	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-62.30M	USD	3 Qtrs
Write off of debt issuance costs	`GainsLossesOnExtinguishmentOfDebt`	$-1.70M	USD	3 Qtrs
Write off of debt issuance costs	`GainsLossesOnExtinguishmentOfDebt`	$-2.90M	USD	3 Qtrs
Loss on asset disposals	`GainLossOnSaleOfPropertyPlantEquipment`	$-3.70M	USD	3 Qtrs
Loss on asset disposals	`GainLossOnSaleOfPropertyPlantEquipment`	$-2.40M	USD	3 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$3.40M	USD	3 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$11.80M	USD	3 Qtrs
Unrealized gain on derivative financial instruments	`UnrealizedGainLossOnDerivatives`	$37.30M	USD	3 Qtrs
Unrealized gain on derivative financial instruments	`UnrealizedGainLossOnDerivatives`	$25.10M	USD	3 Qtrs
Impairment on assets held for sale	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	$193.80M	USD	3 Qtrs
Other items, net	`OtherOperatingActivitiesCashFlowStatement`	$-600.00K	USD	3 Qtrs
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$263.40M	USD	3 Qtrs
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$38.20M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-76.70M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$112.20M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$64.50M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$62.70M	USD	3 Qtrs
Net proceeds from asset disposals	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$200.00K	USD	3 Qtrs
Cash used in business acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$334.60M	USD	3 Qtrs
Payment for asset acquisition	`PaymentsToAcquireOtherProductiveAssets`	$12.00M	USD	3 Qtrs
Purchase of equity method investment	`PaymentsToAcquireEquityMethodInvestments`	$14.60M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-74.70M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-413.50M	USD	3 Qtrs
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$9.30M	USD	3 Qtrs
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$239.90M	USD	3 Qtrs
Payments on short-term borrowings	`RepaymentsOfShortTermDebt`	$240.90M	USD	3 Qtrs
Payments on short-term borrowings	`RepaymentsOfShortTermDebt`	$7.90M	USD	3 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$74.50M	USD	3 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$91.10M	USD	3 Qtrs
Capital contribution, net	`ProceedsFromContributedCapital`	$700.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-89.70M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-74.80M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.80M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-100.00K	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-565.10M	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-54.00M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$594.20M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$348.80M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$29.10M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$402.80M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$594.20M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$348.80M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$29.10M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$402.80M	USD	Point-in-time

Comprehensive Income 21 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-38.60M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$28.30M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$64.20M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$34.20M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-100.00K	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-1.50M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-1.20M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-100.00K	USD	1 Quarter
Prior service cost arising during the period, net of tax	`OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax`	$200.00K	USD	1 Quarter
Prior service cost arising during the period, net of tax	`OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax`	$600.00K	USD	3 Qtrs
Gain (loss) on cash flow hedging instruments, net of tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-1.00M	USD	1 Quarter
Gain (loss) on cash flow hedging instruments, net of tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$2.70M	USD	3 Qtrs
Gain (loss) on cash flow hedging instruments, net of tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$1.40M	USD	1 Quarter
Gain (loss) on cash flow hedging instruments, net of tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-1.80M	USD	3 Qtrs
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$600.00K	USD	3 Qtrs
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.10M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.90M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$34.20M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$27.20M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$62.30M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-38.00M	USD	3 Qtrs

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