As-Reported Financials

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As Reported Financials

Currency Code (in thousands) 2017 Q1 YTD USD 2016 Y USD 2015 Y USD 2014 Y USD 2013 Y USD
Currency Code 2017 Q1 YTD USD 2016 Y USD 2015 Y USD 2014 Y USD 2013 Y USD

ASSETS

CURRENT ASSETS

Cash and cash equivalents 609,821 415,143 347,239 334,174 434,014
Accounts receivable 530,851 591,310 605,689 609,526 551,500
Inventories 958,130 985,683 993,265 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 15,356 13,775 14,383 15,250 13,000
Other current assets 5,428 5,719 9,422 6,738 7,379
TOTAL CURRENT ASSETS 2,119,586 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 886,797 903,258 827,219 554,890 378,093
PENSION ASSETS 73,535 68,901 132,861 130,284 162,535
INVESTMENTS IN AND RECEIVABLES FROM AFFILIATES 243,868 239,590 258,998 264,451 270,609
OTHER ASSETS 184,666 182,237 146,498 145,050 142,339

PROPERTY, PLANT AND EQUIPMENT

Land 46,472 67,557 71,192 61,809 58,506
Buildings 734,119 805,858 815,643 803,722 784,133
Equipment 1,587,599 1,675,549 1,679,100 1,597,044 1,532,527
Construction in progress 189,657 218,351 79,964 119,657 85,696
Total,Gross 2,557,847 2,767,315 2,645,899 2,582,232 2,460,862
Less - Allowance for depreciation (1,522,572) (1,661,866) (1,634,160) (1,580,465) (1,505,529)
Total,Net 1,035,275 1,105,449 1,011,739 1,001,767 955,333
TOTAL ASSETS 6,366,398 6,370,067 6,139,831 5,455,619 4,915,880

LIABILITIES AND SHAREHOLDERS' INVESTMENT

CURRENT LIABILITIES

Accounts payable 387,711 481,826 495,317 484,042 387,284
Short-term debt NA NA 185,000 0 NA
Accrued expenses 65,306 82,145 71,777 76,836 20,965
Accrued workers compensation 25,224 36,612 37,009 35,406 38,217
Accrued marketing expenses 128,703 119,583 119,153 89,561 91,332
Employee related expenses 154,826 251,433 232,309 209,874 192,063
Taxes payable 65,016 4,331 6,764 5,507 8,637
Interest and dividends payable 92,976 77,266 66,696 53,466 45,511
TOTAL CURRENT LIABILITIES 919,762 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 524,752 522,356 509,261 502,693 481,230
OTHER LONG-TERM LIABILITIES 90,351 93,109 101,056 112,176 84,062
DEFERRED INCOME TAXES 6,236 0 64,096 24,002 0

SHAREHOLDERS' INVESTMENT

Common stock 7,747 7,742 7,741 7,724 7,725
Additional paid-in capital 0 0 0 0 NA
Accumulated other comprehensive loss (302,140) (296,303) (225,668) (207,700) (149,214)
Retained earnings 4,866,374 4,736,567 4,216,125 3,805,654 3,452,529
HORMEL FOODS CORPORATION SHAREHOLDERS' INVESTMENT 4,571,981 4,448,006 3,998,198 3,605,678 3,311,040
NONCONTROLLING INTEREST 3,316 3,400 3,195 6,378 5,539
TOTAL SHAREHOLDERS' INVESTMENT 4,575,297 4,451,406 4,001,393 3,612,056 3,316,579
TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT 6,366,398 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.