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As-Reported Financials

As Reported Financials

Currency Code (in thousands) 2017 Q3 YTD USD 2016 Y USD 2015 Y USD 2014 Y USD 2013 Y USD
Currency Code 2017 Q3 YTD USD 2016 Y USD 2015 Y USD 2014 Y USD 2013 Y USD

ASSETS

CURRENT ASSETS

Cash and cash equivalents 633,341 415,143 347,239 334,174 434,014
Accounts receivable 549,011 591,310 605,689 609,526 551,500
Inventories 1,013,214 985,683 993,265 1,054,552 967,977
Income taxes receivable 0 18,282 6,132 25,678 0
Deferred income taxes NA NA 86,902 86,853 73,543
Prepaid expenses 17,096 13,775 14,383 15,250 13,000
Other current assets 4,433 5,719 9,422 6,738 7,379
TOTAL CURRENT ASSETS 2,217,095 2,029,912 2,063,032 2,132,771 2,047,413
DEFERRED INCOME TAXES 0 6,223 0 0 25,086
GOODWILL 1,822,671 1,834,497 1,699,484 1,226,406 934,472
OTHER INTANGIBLES 882,717 903,258 827,219 554,890 378,093
PENSION ASSETS 98,893 68,901 132,861 130,284 162,535
INVESTMENTS IN AND RECEIVABLES FROM AFFILIATES 248,129 239,590 258,998 264,451 270,609
OTHER ASSETS 184,364 182,237 146,498 145,050 142,339

PROPERTY, PLANT AND EQUIPMENT

Land 46,847 67,557 71,192 61,809 58,506
Buildings 757,190 805,858 815,643 803,722 784,133
Equipment 1,665,520 1,675,549 1,679,100 1,597,044 1,532,527
Construction in progress 152,217 218,351 79,964 119,657 85,696
Total,Gross NA NA 2,645,899 2,582,232 2,460,862
Less - Allowance for depreciation (1,567,678) (1,661,866) (1,634,160) (1,580,465) (1,505,529)
Net property, plant and equipment 1,054,096 1,105,449 1,011,739 1,001,767 955,333
TOTAL ASSETS 6,507,965 6,370,067 6,139,831 5,455,619 4,915,880

LIABILITIES AND SHAREHOLDERS' INVESTMENT

CURRENT LIABILITIES

Accounts payable 421,170 481,826 495,317 484,042 387,284
Short-term debt NA NA 185,000 0 NA
Accrued expenses 71,284 82,145 71,777 76,836 20,965
Accrued workers compensation 24,842 36,612 37,009 35,406 38,217
Accrued marketing expenses 77,151 119,583 119,153 89,561 91,332
Employee related expenses 188,327 251,433 232,309 209,874 192,063
Taxes payable 1,990 4,331 6,764 5,507 8,637
Interest and dividends payable 93,007 77,266 66,696 53,466 45,511
TOTAL CURRENT LIABILITIES 877,771 1,053,196 1,214,025 954,692 784,009
LONG-TERM DEBT-less current maturities 250,000 250,000 250,000 250,000 250,000
PENSION AND POST-RETIREMENT BENEFITS 529,107 522,356 509,261 502,693 481,230
OTHER LONG-TERM LIABILITIES 88,336 93,109 101,056 112,176 84,062
DEFERRED INCOME TAXES 9,571 0 64,096 24,002 0

SHAREHOLDERS' INVESTMENT

Common stock, par value 7,732 7,742 7,741 7,724 7,725
Additional paid-in capital 0 0 0 0 NA
Accumulated other comprehensive loss (291,964) (296,303) (225,668) (207,700) (149,214)
Retained earnings 5,033,945 4,736,567 4,216,125 3,805,654 3,452,529
HORMEL FOODS CORPORATION SHAREHOLDERS' INVESTMENT 4,749,713 4,448,006 3,998,198 3,605,678 3,311,040
NONCONTROLLING INTEREST 3,467 3,400 3,195 6,378 5,539
TOTAL SHAREHOLDERS' INVESTMENT 4,753,180 4,451,406 4,001,393 3,612,056 3,316,579
TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT 6,507,965 6,370,067 6,139,831 5,455,619 4,915,880
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.