DARLING INGREDIENTS INC.

DAR 10-K · FY 2025

DAR FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Revenue 6,135,877 5,715,175 +7.4%
Show Product Lines breakouts
Bakery [Member] 195,444 190,462 +2.6%
Bakery [Member] · Feed Ingredients 195,444 190,462 +2.6%
Bioenergy [Member] 600,759 550,465 +9.1%
Bioenergy [Member] · Fuel Ingredients 600,759 550,465 +9.1%
Fats [Member] 1,779,595 1,464,012 +21.6%
Fats [Member] · Feed Ingredients 1,596,050 1,303,828 +22.4%
Fats [Member] · Food Ingredients 183,545 160,184 +14.6%
Food Ingredients, Products and Services [Member] 1,253,900 1,232,521 +1.7%
Food Ingredients, Products and Services [Member] · Food Ingredients 1,253,900 1,232,521 +1.7%
Other Rendering [Member] 295,700 293,648 +0.7%
Other Rendering [Member] · Feed Ingredients 295,700 293,648 +0.7%
Other, Products And Services [Member] 155,590 148,177 +5.0%
Other, Products And Services [Member] · Feed Ingredients 48,005 51,781 -7.3%
Other, Products And Services [Member] · Food Ingredients 107,585 96,396 +11.6%
Proteins [Member] 1,409,395 1,484,581 -5.1%
Proteins [Member] · Feed Ingredients 1,409,395 1,484,581 -5.1%
Used Cooking Oil [Member] 445,494 351,309 +26.8%
Used Cooking Oil [Member] · Feed Ingredients 445,494 351,309 +26.8%
Show Business Segments breakouts
Feed Ingredients 3,990,088 3,675,609 +8.6%
Feed Ingredients · CN 32,899 28,409 +15.8%
Feed Ingredients · Europe 457,336 414,839 +10.2%
Feed Ingredients · North America 3,039,422 2,847,178 +6.8%
Feed Ingredients · Operating Segments 3,990,088 3,675,609 +8.6%
Feed Ingredients · Other Geographical Areas [Member] 15,299 15,424 -0.8%
Feed Ingredients · South America 445,132 369,759 +20.4%
Food Ingredients 1,545,030 1,489,101 +3.8%
Food Ingredients · CN 228,534 238,059 -4.0%
Food Ingredients · Europe 728,393 661,756 +10.1%
Food Ingredients · North America 416,203 402,693 +3.4%
Food Ingredients · Operating Segments 1,545,030 1,489,101 +3.8%
Food Ingredients · Other Geographical Areas [Member] 46,141 51,836 -11.0%
Food Ingredients · South America 125,759 134,757 -6.7%
Fuel Ingredients 600,759 550,465 +9.1%
Fuel Ingredients · Europe 600,759 550,465 +9.1%
Fuel Ingredients · Operating Segments 600,759 550,465 +9.1%
Show Geography breakouts
CN 261,433 266,468 -1.9%
Europe 1,786,488 1,627,060 +9.8%
North America 3,455,625 3,249,871 +6.3%
Other Geographical Areas [Member] 61,440 67,260 -8.7%
South America 570,891 504,516 +13.2%
Show Equity Components breakouts
Accumulated Gain Loss Net Cash Flow Hedge Parent · Foreign Exchange Contract 1,322 -980 +234.9%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Or Group Of Investees 4,596,830 5,065,592 -9.3%
Show Related Party Transactions By Related Party breakouts
Diamond Green Diesel Holdings LLC Joint Venture [Member] 1.2 1 +20.0%
Nonrelated Party 4,938,147 4,746,292 +4.0%
Related Party 1,197,730 968,883 +23.6%
Cost of Revenue 4,662,419 4,437,337 +5.1%
Show Business Segments breakouts
Feed Ingredients · Operating Segments 3,066,243 2,886,125 +6.2%
Food Ingredients · Operating Segments 1,116,978 1,115,348 +0.1%
Fuel Ingredients · Operating Segments 479,198 435,864 +9.9%
Show Equity Components breakouts
Accumulated Gain Loss Net Cash Flow Hedge Parent · Corn Option [Member] -385 947 -140.7%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Or Group Of Investees 4,500,398 4,309,768 +4.4%
Gain Loss On Disposition Of Assets1 -340 -4,157 +91.8%
Show Business Segments breakouts
Feed Ingredients · Operating Segments 879 -669 +231.4%
Food Ingredients · Operating Segments -685 -1,758 +61.0%
Fuel Ingredients · Operating Segments -534 -1,730 +69.1%
Selling, General & Administrative 551,158 492,105 +12.0%
Show Business Segments breakouts
Feed Ingredients · Operating Segments 309,112 279,095 +10.8%
Food Ingredients · Operating Segments 133,809 119,604 +11.9%
Fuel Ingredients · Operating Segments 33,615 32,370 +3.8%
Show Consolidation Items breakouts
Corporate Non Segment 74,622 61,036 +22.3%
Restructuring Costs And Asset Impairment Charges 57,960 5,794 +900.3%
Show Business Segments breakouts
Feed Ingredients · Operating Segments 32,120 3,671 +775.0%
Food Ingredients · Operating Segments 25,840 2,123 +1117.1%
Depreciation And Amortization 508,504 503,825 +0.9%
Show Business Segments breakouts
Feed Ingredients · Operating Segments 348,502 350,141 -0.5%
Food Ingredients · Operating Segments 117,298 109,102 +7.5%
Fuel Ingredients · Operating Segments 36,355 35,876 +1.3%
Show Consolidation Items breakouts
Corporate Non Segment 6,349 8,706 -27.1%
Business Combination Integration Related Costs 15,942 7,842 +103.3%
Show Consolidation Items breakouts
Corporate Non Segment 15,942 7,842 +103.3%
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1 18,024 -46,706 +138.6%
Show Business Segments breakouts
Feed Ingredients · Operating Segments 18,024 -46,706 +138.6%
Total Costs & Expenses 5,813,667 5,396,040 +7.7%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Or Group Of Investees -30,370 314,898 -109.6%
Equity In Income Lossfrom Subsidiarybefore Tax -48,770 149,082 -132.7%
Show Business Segments breakouts
Fuel Ingredients · Operating Segments -48,770 149,082 -132.7%
Operating Income 273,440 468,217 -41.6%
Show Business Segments breakouts
Feed Ingredients · Operating Segments 215,208 203,952 +5.5%
Food Ingredients · Operating Segments 151,790 144,682 +4.9%
Fuel Ingredients · Operating Segments 3,355 197,167 -98.3%
Show Consolidation Items breakouts
Corporate Non Segment -96,913 -77,584 -24.9%
Interest Expense -222,279 -253,858 +12.4%
Gains Losses On Extinguishment Of Debt -2,978
Foreign Currency Transaction Gain Loss Before Tax -384 -1,154 +66.7%
Other Non-Operating Income (Expense) 468 22,309 -97.9%
Non-Operating Income (Expense) -225,173 -232,703 +3.2%
Income Loss From Equity Method Investments 12,759 11,994 +6.4%
Show Business Segments breakouts
Feed Ingredients · Operating Segments 12,759 11,994 +6.4%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
Diamond Green Diesel Holdings LLC Joint Venture [Member] -48.8 149.1 -132.7%
Income Before Taxes 61,026 247,508 -75.3%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Or Group Of Investees -67,389 298,339 -122.6%
Income Tax Expense (Benefit) -9,359 -38,337 +75.6%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income -1,515 -326 -364.7%
Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income -2,934 11,894 -124.7%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Or Group Of Investees 1,066 175 +509.1%
Net Income 70,385 285,845 -75.4%
Show Equity Components breakouts
Noncontrolling Interest 7,581 6,965 +8.8%
Parent 62,804 278,880 -77.5%
Retained Earnings 62,804 278,880 -77.5%
Show Derivative Instruments Gain Loss By Hedging Relationship breakouts
Cash Flow Hedging 4.1
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Or Group Of Investees -68,455 298,164 -123.0%
Net Income Loss Attributable To Noncontrolling Interest -7,581 -6,965 -8.8%
Net Income 62,804 278,880 -77.5%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income -4,741 -1,054 -349.8%
Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income -9,679 37,440 -125.9%
Show Reclassification Out Of Accumulated Other Comprehensive Income breakouts
Reclassification Out Of Accumulated Other Comprehensive Income -14,420 36,386 -139.6%
EPS (Basic) 0.4 1.75 -77.1%
EPS (Diluted) 0.39 1.73 -77.5%
Gross Profit 1,473,458 1,277,838 +15.3%
Show Business Segments breakouts
Feed Ingredients · Operating Segments 923,845 789,484 +17.0%
Food Ingredients · Operating Segments 428,052 373,753 +14.5%
Fuel Ingredients · Operating Segments 121,561 114,601 +6.1%
Comprehensive Income 407,856 -207,015 +297.0%
Other Comprehensive Income 340,644 -483,888 +170.4%
Wtd Avg Shares (Basic) 158,479 159,513 -0.6%
Wtd Avg Shares (Diluted) 160,157 161,418 -0.8%
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments (FY)
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income -6,256 -1,380 -353.3%
Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income -12,613 49,334 -125.6%
Net Income Loss Available To Common Stockholders Basic 62,804 278,880 -77.5%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash & Cash Equivalents 88,671 75,973 +16.7%
Restricted Cash And Cash Equivalents At Carrying Value 16,686 37,579 -55.6%
Accounts Receivable (Q)
Show Related Party Transactions By Related Party breakouts
Diamond Green Diesel Holdings LLC Joint Venture [Member] 33.7 9.5 +254.7%
Nonrelated Party 609,492 581,108 +4.9%
Related Party 33,713 9,476 +255.8%
Inventory 527,738 576,837 -8.5%
Prepaid Expense Current 85,179 81,286 +4.8%
Income Taxes Receivable 8,281 35,063 -76.4%
Assets Of Disposal Group Including Discontinued Operation 143,479
Show Disposal Group Classification breakouts
Disposal Group Heldforsale Not Discontinued Operations 143,479
Other Assets Current 40,127 42,114 -4.7%
Total Current Assets 1,553,366 1,439,436 +7.9%
Non-Current Assets
Property, Plant & Equipment 2,796,139 2,713,669 +3.0%
Goodwill 2,459,031 2,322,593 +5.9%
Show Business Segments breakouts
Feed Ingredients 1,489,306 1,437,763 +3.6%
Food Ingredients 842,262 771,828 +9.1%
Fuel Ingredients 127,463 113,002 +12.8%
Operating Lease Right-of-Use Assets 223,705 210,692 +6.2%
Other Non-Current Assets 190,175 199,594 -4.7%
Deferred Tax Assets 24,536 22,368 +9.7%
Total Assets 10,298,782 10,070,473 +2.3%
Other Assets
Intangible Assets Net Excluding Goodwill 845,003 898,412 -5.9%
Equity Method Investments 2,206,827 2,263,709 -2.5%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
Diamond Green Diesel Holdings LLC Joint Venture [Member] 2.1
Current Liabilities
Long Term Debt And Capital Lease Obligations Current 75,217 133,020 -43.5%
Accounts Payable Trade Current 371,084 348,705 +6.4%
Accrued Income Taxes Current 16,018 9,723 +64.7%
Operating Lease Liability Current 61,745 62,761 -1.6%
Liabilities Of Disposal Group Including Discontinued Operation 25,085
Show Disposal Group Classification breakouts
Disposal Group Heldforsale Not Discontinued Operations 25,085
Accrued Liabilities 485,498 489,295 -0.8%
Total Current Liabilities 1,034,647 1,043,504 -0.8%
Non-Current Liabilities
Operating Lease Liabilities 162,362 152,327 +6.6%
Other Non-Current Liabilities 189,454 208,350 -9.1%
Deferred Tax Liabilities 240,561 293,022 -17.9%
Total Liabilities 5,489,267 5,606,181 -2.1%
Long-Term Debt (Q)
Show Debt Instrument breakouts
Bank Overdrafts · Notes Payable Other Payables 52.6
Other Debt Securities · BRL 6.6
Other Debt Securities · Notes Payable Other Payables 5.8
Senior Notes 4.5% Due 2032 · Senior Notes 871,469
Senior Notes 5.25% Due 2027 · Senior Notes 498,655 497,678 +0.2%
Senior Notes 6% Due 2030 · Senior Notes 995,275 994,395 +0.1%
Senior Secured Facilities [Member] · Revolving Credit Facility 601,150 267,000 +125.1%
Senior Secured Facilities [Member] · Term A Facility 891,654
Show Long-Term Debt Type breakouts
Notes Payable Other Payables 79,257 101,958 -22.3%
Other Liabilities
Long Term Debt And Capital Lease Obligations 3,862,243 3,908,978 -1.2%
Minority Interest 72,604 86,482 -16.0%
Stockholders' Equity
Common Stock 1,756 1,750 +0.3%
Additional Paid-In Capital 1,718,686 1,720,877 -0.1%
Treasury Stock Value -719,280 -672,710 -6.9%
Accumulated Other Comprehensive Income -339,189 -684,241 +50.4%
Retained Earnings 4,074,938 4,012,134 +1.6%
Total Stockholders' Equity 4,736,911 4,377,810 +8.2%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 4,809,515 4,464,292 +7.7%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -2,287 -11,589 +80.3%
Accumulated Gain Loss Net Cash Flow Hedge Parent 15,184 -23,825 +163.7%
Accumulated Other Comprehensive Income -339,189 -684,241 +50.4%
Accumulated Translation Adjustment -352,086 -648,827 +45.7%
Additional Paid In Capital 1,718,686 1,720,877 -0.1%
Common Stock 1,756 1,750 +0.3%
Noncontrolling Interest 72,604 86,482 -16.0%
Parent 4,736,911 4,377,810 +8.2%
Retained Earnings 4,074,938 4,012,134 +1.6%
Treasury Stock Common -719,280 -672,710 -6.9%
Total Liabilities & Equity 10,298,782 10,070,473 +2.3%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Increase Decrease In Deferred Income Taxes -79,066 -186,390 +57.6%
Gain Loss On Sale Of Property Plant Equipment -340 -4,157 +91.8%
Asset Impairment Charges 57,797
Show Business Segments breakouts
Feed Ingredients 30
Feed Ingredients · Strategic Realignment 32
Food Ingredients 8.6
Food Ingredients · Disposal Group Heldforsale Not Discontinued Operations 25.8
Show Disposal Group Classification breakouts
Disposal Group Heldforsale Not Discontinued Operations 28.2
Increase Decrease In Long Term Pension Liability 3,487 200 +1643.5%
Stock-Based Compensation 21,795 20,918 +4.2%
Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost 2,978
Amortization of Financing Costs 5,504 5,620 -2.1%
Equity In Results Of Operations From Other Unconsolidated Subsidiaries Before Tax 36,011 -161,076 +122.4%
Equity Method Investment Dividends Or Distributions 371,767 184,915 +101.0%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
Diamond Green Diesel Holdings LLC Joint Venture [Member] 367.7 179.8 +104.5%
Change in Accounts Receivable -50,085 179,835 -127.9%
Increase Decrease In Income Taxes Receivable 33,443 -17,340 +292.9%
Increase Decreasein Inventoriesand Prepaid Expenses 23,998 163,783 -85.3%
Increase Decrease In Accounts Payable And Accrued Liabilities 27,367 -17,881 +253.1%
Increase Decrease In Other Operating Capital Net 8,150 -53,081 +115.4%
Net Cash from Operations 1,059,719 839,289 +26.3%
Depreciation & Amortization (FY)
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Or Group Of Investees 266,887 264,992 +0.7%
Deferred Income Taxes -103,175 -122,284 +15.6%
Investing Activities
Capital Expenditures -380,477 -332,465 -14.4%
Payments To Acquire Equity Method Investments -328,228 -90,000 -264.7%
Payments To Acquire Loans Receivable -25,000 -100,000 +75.0%
Proceeds From Collection Of Loans Receivable 25,000 100,000 -75.0%
Gross Proceeds From Disposal Of Property Plant And Equipment And Other Assets 12,242 21,301 -42.5%
Proceeds From Insurance Settlement Investing Activities 15,028 19,021 -21.0%
Payments To Acquire Intangible Assets -12 -16 +25.0%
Net Cash from Investing -681,447 -498,898 -36.6%
Financing Activities
Proceeds From Issuance Of Long Term Debt 1,102,242 5,929 +18490.7%
Repayments Of Long Term Debt -1,611,388 -52,238 -2984.7%
Proceeds From Revolving Credit Facility 1,954,403 1,437,501 +36.0%
Repayments Of Revolving Credit Facility -1,621,852 -1,779,455 +8.9%
Proceeds From Repayments Of Bank Overdrafts -4,068 41,454 -109.8%
Payment For Acquisition Hold Back Financing Activities -39,668 -157 -25166.2%
Payment For Contingent Consideration Liability Financing Activities -52,693
Debt Issuance Costs -18,329
Proceeds From Issuance Of Common Stock 413 447 -7.6%
Share Repurchases -34,668 -34,272 -1.2%
Minimum Withholding Taxes Paid On Stock Awards -6,910 -7,987 +13.5%
Proceeds From Minority Shareholders 3,249
Payments For Acquisition Of Noncontrolling Interest -42,086
Payments To Minority Shareholders -5,371 -10,785 +50.2%
Net Cash from Financing -376,726 -399,563 +5.7%
Supplemental
Income Taxes Paid 58,425 102.7 +56789.0%
Interest Paid 202,957 243,679 -16.7%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents -15,315 12,029 -227.3%
Net Change in Cash -13,769 -47,143 +70.8%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 203,538 217,307 -6.3%

Values in thousands USD. Source: SEC EDGAR 10-K filing.

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