Skip to content
As-Reported Financials

As Reported Financials

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

Assets

Current Assets

Cash and cash equivalents 444,122 415,143 347,239 334,174
Accounts receivable (net of allowance for doubtful accounts) 618,351 591,310 605,689 609,526
Inventories 921,022 985,683 993,265 1,054,552
Income taxes receivable 22,346 18,282 6,132 25,678
Deferred income taxes NA NA 86,902 86,853
Prepaid expenses 16,144 13,775 14,383 15,250
Other current assets 4,538 5,719 9,422 6,738
Total Current Assets 2,026,523 2,029,912 2,063,032 2,132,771
Deferred Income Taxes 0 6,223 0 0
Goodwill 2,119,813 1,834,497 1,699,484 1,226,406
Other Intangibles 1,027,014 903,258 827,219 554,890
Pension Assets 171,990 68,901 132,861 130,284
Investments In and Receivables From Affiliates 242,369 239,590 258,998 264,451
Other Assets 184,948 182,237 146,498 145,050

Property, Plant and Equipment

Land 51,249 67,557 71,192 61,809
Buildings 866,855 805,858 815,643 803,722
Equipment 1,710,537 1,675,549 1,679,100 1,597,044
Construction in progress 148,064 218,351 79,964 119,657
Total,Gross NA NA 2,645,899 2,582,232
Less - Allowance for depreciation (1,573,454) (1,661,866) (1,634,160) (1,580,465)
Net Property, Plant and Equipment 1,203,251 1,105,449 1,011,739 1,001,767
Total Assets 6,975,908 6,370,067 6,139,831 5,455,619

Liabilities and Shareholders' Investment

Current Liabilities

Accounts payable 552,714 481,826 495,317 484,042
Short-term debt NA NA 185,000 0
Accrued expenses 76,966 82,145 71,777 76,836
Accrued workers compensation 26,585 36,612 37,009 35,406
Accrued marketing expenses 101,573 119,583 119,153 89,561
Employee related expenses 209,562 251,433 232,309 209,874
Taxes payable 525 4,331 6,764 5,507
Interest and dividends payable 90,287 77,266 66,696 53,466
Total Current Liabilities 1,058,212 1,053,196 1,214,025 954,692
Long-Term Debt - less current maturities 250,000 250,000 250,000 250,000
Pension and Post-Retirement Benefits 530,249 522,356 509,261 502,693
Other Long-Term Liabilities 99,340 93,109 101,056 112,176
Deferred Income Taxes 98,410 0 64,096 24,002

Shareholders' Investment

Common stock 7,741 7,742 7,741 7,724
Additional paid-in capital 13,670 0 0 0
Accumulated other comprehensive loss (248,075) (296,303) (225,668) (207,700)
Retained earnings 5,162,571 4,736,567 4,216,125 3,805,654
Hormel Foods Corporation Shareholders' Investment 4,935,907 4,448,006 3,998,198 3,605,678
Noncontrolling Interest 3,790 3,400 3,195 6,378
Total Shareholders' Investment 4,939,697 4,451,406 4,001,393 3,612,056
Total Liabilities and Shareholders' Investment 6,975,908 6,370,067 6,139,831 5,455,619
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.