As-Reported Financials

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As Reported Financials

Currency Code (in thousands) 2016 Q3 YTD USD 2015 Y USD 2014 Y USD 2013 Y USD 2012 Y USD
Currency Code 2016 Q3 YTD USD 2015 Y USD 2014 Y USD 2013 Y USD 2012 Y USD

ASSETS

CURRENT ASSETS

Cash and cash equivalents 379,597 347,239 334,174 434,014 682,388
Short-term marketable securities NA NA NA NA 77,387
Accounts receivable 564,922 605,689 609,526 551,500 507,041
Inventories 1,034,307 993,265 1,054,552 967,977 950,521
Income taxes receivable 7,015 6,132 25,678 0 16,460
Deferred income taxes 0 86,902 86,853 73,543 68,560
Prepaid expenses 15,832 14,383 15,250 13,000 12,772
Other current assets 8,432 9,422 6,738 7,379 5,555
TOTAL CURRENT ASSETS 2,010,105 2,063,032 2,132,771 2,047,413 2,320,684
DEFERRED INCOME TAXES 13,875 0 0 25,086 144,245
GOODWILL 1,921,971 1,699,484 1,226,406 934,472 630,875
OTHER INTANGIBLES 815,236 827,219 554,890 378,093 123,072
PENSION ASSETS 170,858 132,861 130,284 162,535 49
INVESTMENTS IN AND RECEIVABLES FROM AFFILIATES 257,061 258,998 264,451 270,609 286,537
OTHER ASSETS 146,273 146,498 145,050 142,339 134,024

PROPERTY, PLANT AND EQUIPMENT

Land 67,192 71,192 61,809 58,506 56,258
Buildings 788,308 815,643 803,722 784,133 767,876
Equipment 1,658,308 1,679,100 1,597,044 1,532,527 1,435,630
Construction in progress 181,647 79,964 119,657 85,696 82,254
Total,Gross 2,695,455 2,645,899 2,582,232 2,460,862 2,342,018
Less allowance for depreciation (1,642,537) (1,634,160) (1,580,465) (1,505,529) (1,417,538)
Total,net 1,052,918 1,011,739 1,001,767 955,333 924,480
TOTAL ASSETS 6,388,297 6,139,831 5,455,619 4,915,880 4,563,966

LIABILITIES AND SHAREHOLDERS' INVESTMENT

CURRENT LIABILITIES

Accounts payable 414,691 495,317 484,042 387,284 385,877
Short-term debt 145,000 185,000 0 NA NA
Accrued expenses 87,838 71,777 76,836 20,965 49,792
Accrued workers compensation 38,296 37,009 35,406 38,217 33,543
Accrued marketing expenses 141,089 119,153 89,561 91,332 78,712
Employee related expenses 214,628 232,309 209,874 192,063 193,463
Taxes payable 7,198 6,764 5,507 8,637 4,864
Interest and dividends payable 79,987 66,696 53,466 45,511 40,049
TOTAL CURRENT LIABILITIES 1,128,727 1,214,025 954,692 784,009 786,300
LONG-TERM DEBT-less current maturities 250,000 250,000 250,000 250,000 250,000
PENSION AND POST-RETIREMENT BENEFITS 516,055 509,261 502,693 481,230 615,428
OTHER LONG-TERM LIABILITIES 99,568 101,056 112,176 84,062 87,313
DEFERRED INCOME TAXES 0 64,096 24,002 0 NA

SHAREHOLDERS' INVESTMENT

Common stock 7,752 7,741 7,724 7,725 7,707
Additional paid-in capital 0 0 0 NA NA
Accumulated other comprehensive loss (224,361) (225,668) (207,700) (149,214) (323,569)
Retained earnings 4,607,360 4,216,125 3,805,654 3,452,529 3,135,317
HORMEL FOODS CORPORATION SHAREHOLDERS' INVESTMENT 4,390,751 3,998,198 3,605,678 3,311,040 2,819,455
NONCONTROLLING INTEREST 3,196 3,195 6,378 5,539 5,470
TOTAL SHAREHOLDERS' INVESTMENT 4,393,947 4,001,393 3,612,056 3,316,579 2,824,925
TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT 6,388,297 6,139,831 5,455,619 4,915,880 4,563,966
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.