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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q

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(X)    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934

For the quarterly period ended June 28, 2003

        OR

(  )    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
        EXCHANGE ACT OF 1934

 

For the transition period from _________to________

0-3400
(Commission File Number)

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TYSON FOODS, INC.
(Exact name of registrant as specified in its charter)
 

Delaware	71-0225165
(State or other jurisdiction  of incorporation or organization)	(I.R.S. Employer Identification No.)
2210 West Oaklawn Drive, Springdale, Arkansas	72762-6999
(Address of principal executive offices)	(Zip Code)
(479) 290-4000
(Registrant's telephone number, including area code)

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.        Yes [X]      No [  ]

Indicate by check mark whether the registrant is an accelerated filer (as defined in Rule 12b-2 of the Exchange Act).        Yes [X]      No [  ]

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of  June 28, 2003.

Class	Outstanding Shares
Class A Common Stock, $0.10 Par Value	248,804,620
Class B Common Stock, $0.10 Par Value	101,636,348

 

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TYSON FOODS, INC.

INDEX

	PART I.  FINANCIAL INFORMATION
Item 1.  Financial Statements		PAGE
	Consolidated Condensed Statements of Income for the Three Months and Nine Months Ended June 28, 2003 and June 29, 2002	3
	Consolidated Condensed Balance Sheets June 28, 2003 and September 28, 2002	4
	Consolidated Condensed Statements of Cash Flows for the Three Months and Nine Months Ended June 28, 2003 and June 29, 2002	5
	Notes to Consolidated Condensed Financial Statements	6-25
Item 2.  Management's Discussion and Analysis of Financial Condition                  and Results of Operations		26-31
Item 3.  Quantitative and Qualitative Disclosure About Market Risks		31
Item 4.  Controls and Procedures		31-32
	PART II. OTHER INFORMATION
Item 1.  Legal Proceedings		32
Item 2.  Changes in Securities and Use of Proceeds		32
Item 3.  Defaults Upon Senior Securities		33
Item 4.  Submission of Matters to a Vote of Security Holders		33
Item 5.  Other Information		33
Item 6.  Exhibits and Reports on Form 8-K		33
EXHIBIT INDEX		34
SIGNATURES		35

2

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PART I.  FINANCIAL INFORMATION

 Item 1.  Financial Statements

TYSON FOODS, INC.
CONSOLIDATED CONDENSED STATEMENTS OF INCOME
(In millions, except per share data)
(Unaudited)

3

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TYSON FOODS, INC.
CONSOLIDATED CONDENSED BALANCE SHEETS
(In millions, except per share data)

		(Unaudited)
		June 28, 2003			September 28, 2002
Assets
Current Assets:
Cash and cash equivalents		$	100		$	51
Accounts receivable, net		1,308			1,101
Inventories		1,936			1,885
Other current assets		121			107
Total Current Assets		3,465			3,144
Net Property, Plant and Equipment		4,031			4,038
Goodwill		2,634			2,633
Intangible Assets		184			190
Other Assets		342			367
Total Assets		$	10,656		$	10,372
Liabilities and Shareholders' Equity
Current Liabilities:
Current debt		$	192		$	254
Trade accounts payable		803			755
Other current liabilities		1,115			1,084
Total Current Liabilities		2,110			2,093
Long-Term Debt		3,798			3,733
Deferred Income Taxes		690			643
Other Liabilities		233			241
Shareholders' Equity:
Common stock ($0.10 par value):
Class A-authorized 900 million shares:           issued 267 million shares at June 28, 2003           and September 28, 2002		27			27
Class B-authorized 900 million shares:           issued 102 million shares at June 28, 2003           and September 28, 2002		10			10
Capital in excess of par value		1,876