10-Q Filing

BIG HEART PET BRANDS CIK: 1259045 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001193125-14-336749`
Period End Date	20140731
Filing Date	20140909
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	ck0001259045-20140727.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 28 Cash Flow Statement 50 Comprehensive Income 12

Balance Sheet 54 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$112.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$57.20M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1,000.00	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.00	shares	Point-in-time
Trade accounts receivable, net of allowance	`AccountsReceivableNetCurrent`	$131.90M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.00	shares	Point-in-time
Trade accounts receivable, net of allowance	`AccountsReceivableNetCurrent`	$127.20M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$240.80M	USD	Point-in-time
Inventories, net	`InventoryNet`	$227.50M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$164.30M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$152.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$581.90M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$631.80M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$375.40M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$374.70M	USD	Point-in-time
Goodwill	`Goodwill`	$2.11B	USD	Point-in-time
Goodwill	`Goodwill`	$2.11B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.16B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.14B	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$87.80M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$88.50M	USD	Point-in-time
Total assets	`Assets`	$5.36B	USD	Point-in-time
Total assets	`Assets`	$5.30B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$321.50M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$367.80M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$17.30M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$17.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$338.80M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$385.10M	USD	Point-in-time
Long-term debt, net of discount	`LongTermDebtNoncurrent`	$2.60B	USD	Point-in-time
Long-term debt, net of discount	`LongTermDebtNoncurrent`	$2.60B	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$780.90M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$792.10M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$95.30M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$91.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.81B	USD	Point-in-time
Total liabilities	`Liabilities`	$3.88B	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 income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$8.40M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.30M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-98.60M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-109.90M	USD	Point-in-time
Total stockholder's equity	`StockholdersEquity`	$1.49B	USD	Point-in-time
Total stockholder's equity	`StockholdersEquity`	$1.49B	USD	Point-in-time
Total liabilities and stockholder's equity	`LiabilitiesAndStockholdersEquity`	$5.36B	USD	Point-in-time
Total liabilities and stockholder's equity	`LiabilitiesAndStockholdersEquity`	$5.30B	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$529.70M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$481.00M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$302.10M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$342.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$187.70M	USD	1 Quarter
Gross profit	`GrossProfit`	$178.90M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$112.70M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$132.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$66.20M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$55.70M	USD	1 Quarter
Interest expense	`InterestExpense`	$35.20M	USD	1 Quarter
Interest expense	`InterestExpense`	$59.60M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$8.40M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-2.70M	USD	1 Quarter
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$15.00M	USD	1 Quarter
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$17.80M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.60M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$8.40M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperations`	$6.60M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperations`	$11.20M	USD	1 Quarter
Income (loss) from discontinued operations before income taxes	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$-4.90M	USD	1 Quarter
Income (loss) from discontinued operations before income taxes	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$19.50M	USD	1 Quarter
Provision (benefit) for income taxes	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$-5.00M	USD	1 Quarter
Provision (benefit) for income taxes	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$6.20M	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$100.00K	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$13.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$11.30M	USD	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$19.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$11.30M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$24.10M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$35.50M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$13.50M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-5.40M	USD	1 Quarter
Write off of debt issuance costs	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Write off of debt issuance costs	`GainsLossesOnExtinguishmentOfDebt`	$-1.70M	USD	1 Quarter
Loss on asset disposals	`GainLossOnSaleOfPropertyPlantEquipment`	$-100.00K	USD	1 Quarter
Loss on asset disposals	`GainLossOnSaleOfPropertyPlantEquipment`	$-600.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$2.40M	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$3.00M	USD	1 Quarter
Unrealized (gain) loss on derivative financial instruments	`UnrealizedGainLossOnDerivatives`	$-3.40M	USD	1 Quarter
Unrealized (gain) loss on derivative financial instruments	`UnrealizedGainLossOnDerivatives`	$16.90M	USD	1 Quarter
Other items, net	`OtherOperatingActivitiesCashFlowStatement`	-	USD	1 Quarter
Other items, net	`OtherOperatingActivitiesCashFlowStatement`	$3.90M	USD	1 Quarter
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$111.10M	USD	1 Quarter
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$72.10M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-32.30M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-53.80M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$16.10M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$28.40M	USD	1 Quarter
Cash used in business acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Cash used in business acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$337.50M	USD	1 Quarter
Investments in equity method investees	`PaymentsToAcquireEquityMethodInvestments`	$14.60M	USD	1 Quarter
Investments in equity method investees	`PaymentsToAcquireEquityMethodInvestments`	$2.50M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.60M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-380.50M	USD	1 Quarter
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	-	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
Payments on short-term borrowings	`RepaymentsOfShortTermDebt`	-	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$4.30M	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$74.50M	USD	1 Quarter
Payments of debt related costs	`PaymentsOfFinancingCosts`	$200.00K	USD	1 Quarter
Payments of debt related costs	`PaymentsOfFinancingCosts`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.50M	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`	$-200.00K	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`	$-509.10M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-55.60M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$57.20M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$112.80M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$85.10M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$594.20M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$57.20M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$112.80M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$85.10M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$594.20M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$19.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$11.30M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-100.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Prior service (cost) credit arising during the period, net of tax	`OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax`	$200.00K	USD	1 Quarter
Prior service (cost) credit arising during the period, net of tax	`OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax`	$-200.00K	USD	1 Quarter
Gain (loss) on cash flow hedging instruments, net of tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-9.90M	USD	1 Quarter
Gain (loss) on cash flow hedging instruments, net of tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$1.10M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-9.70M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$800.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$20.70M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.60M	USD	1 Quarter

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