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As-Reported Financials

As Reported Financials

Currency Code (in thousands) 2018 Q1 YTD USD 2017 Y USD 2016 Y USD 2015 Y USD 2014 Y USD
Currency Code 2018 Q1 YTD USD 2017 Y USD 2016 Y USD 2015 Y USD 2014 Y USD

ASSETS

CURRENT ASSETS

Cash and cash equivalents 385,775 444,122 415,143 347,239 334,174
Accounts receivable 569,099 618,351 591,310 605,689 609,526
Inventories 973,221 921,022 985,683 993,265 1,054,552
Income taxes receivable 176 22,346 18,282 6,132 25,678
Deferred income taxes NA NA NA 86,902 86,853
Prepaid expenses 15,581 16,144 13,775 14,383 15,250
Other current assets 4,417 4,538 5,719 9,422 6,738
TOTAL CURRENT ASSETS 1,948,269 2,026,523 2,029,912 2,063,032 2,132,771
GOODWILL 2,957,463 2,119,813 1,834,497 1,699,484 1,226,406
OTHER INTANGIBLES 1,023,322 1,027,014 903,258 827,219 554,890
PENSION ASSETS 178,010 171,990 68,901 132,861 130,284
INVESTMENTS IN AND RECEIVABLES FROM AFFILIATES 262,147 242,369 239,590 258,998 264,451
OTHER ASSETS 196,571 184,948 182,237 146,498 145,050

PROPERTY, PLANT AND EQUIPMENT

Land 51,481 51,249 67,557 71,192 61,809
Buildings 890,026 866,855 805,858 815,643 803,722
Equipment 1,776,526 1,710,537 1,675,549 1,679,100 1,597,044
Construction in progress 174,733 148,064 218,351 79,964 119,657
Total,Gross NA NA NA 2,645,899 2,582,232
Less - Allowance for depreciation (1,599,700) (1,573,454) (1,661,866) (1,634,160) (1,580,465)
Net property, plant and equipment 1,293,066 1,203,251 1,105,449 1,011,739 1,001,767
TOTAL ASSETS 7,858,848 6,975,908 6,370,067 6,139,831 5,455,619

LIABILITIES AND SHAREHOLDERS' INVESTMENT

CURRENT LIABILITIES

Accounts payable 532,847 552,714 481,826 495,317 484,042
Short-term debt 255,000 0 NA 185,000 0
Accrued expenses 72,098 76,966 82,145 71,777 76,836
Accrued workers compensation 29,754 26,585 36,612 37,009 35,406
Accrued marketing expenses 127,684 101,573 119,583 119,153 89,561
Employee related expenses 157,667 209,562 251,433 232,309 209,874
Taxes payable 46,235 525 4,331 6,764 5,507
Interest and dividends payable 102,229 90,287 77,266 66,696 53,466
TOTAL CURRENT LIABILITIES 1,323,514 1,058,212 1,053,196 1,214,025 954,692
LONG-TERM DEBT-less current maturities 624,726 250,000 250,000 250,000 250,000
PENSION AND POST-RETIREMENT BENEFITS 532,652 530,249 522,356 509,261 502,693
OTHER LONG-TERM LIABILITIES 107,894 99,340 93,109 101,056 112,176
DEFERRED INCOME TAXES 114,688 98,410 6,223 0 0

SHAREHOLDERS' INVESTMENT

Common stock 7,764 7,741 7,742 7,741 7,724
Additional paid-in capital 19,242 13,670 0 0 0
Accumulated other comprehensive loss (242,176) (248,075) (296,303) (225,668) (207,700)
Retained earnings 5,366,501 5,162,571 4,736,567 4,216,125 3,805,654
HORMEL FOODS CORPORATION SHAREHOLDERS' INVESTMENT 5,151,331 4,935,907 4,448,006 3,998,198 3,605,678
NONCONTROLLING INTEREST 4,043 3,790 3,400 3,195 6,378
TOTAL SHAREHOLDERS' INVESTMENT 5,155,374 4,939,697 4,451,406 4,001,393 3,612,056
TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT 7,858,848 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.