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As-Reported Financials

As Reported Financials

As Of Date Currency Code (in thousands) 2019 Q3 YTD 7/28/2019 USD 2018 Y 10/28/2018 USD 2017 Y 10/29/2017 USD 2016 Y 10/30/2016 USD 2015 Y 10/25/2015 USD
As Of Date Currency Code 2019 Q3 YTD 7/28/2019 USD 2018 Y 10/28/2018 USD 2017 Y 10/29/2017 USD 2016 Y 10/30/2016 USD 2015 Y 10/25/2015 USD

Assets

Current Assets

Cash and Cash Equivalents 560,199 459,136 444,122 415,143 347,239
Short-term Marketable Securities 14,064 0 NA NA NA
Accounts Receivable 528,583 600,438 618,351 591,310 605,689
Inventories 1,108,514 963,527 921,022 985,683 993,265
Income Taxes Receivable 667 3,995 22,346 18,282 6,132
Deferred income taxes NA NA NA NA 86,902
Prepaid Expenses 22,606 16,342 16,144 13,775 14,383
Other Current Assets 11,335 6,662 4,538 5,719 9,422
Total Current Assets 2,245,968 2,050,100 2,026,523 2,029,912 2,063,032
Goodwill 2,487,289 2,714,116 2,119,813 1,834,497 1,699,484
Other Intangibles 1,038,127 1,207,219 1,027,014 903,258 827,219
Pension Assets 210,012 195,153 171,990 68,901 132,861
Investments in and Receivables from Affiliates 279,265 273,153 242,369 239,590 258,998
Other Assets 177,529 189,951 184,948 182,237 146,498

Property, Plant and Equipment

Land 49,801 50,332 51,249 67,557 71,192
Buildings 1,035,755 956,260 866,855 805,858 815,643
Equipment 1,887,368 1,863,020 1,710,537 1,675,549 1,679,100
Construction in Progress 242,369 332,205 148,064 218,351 79,964
Total NA NA NA NA 2,645,899
Less - Allowance for Depreciation (1,698,907) (1,689,217) (1,573,454) (1,661,866) (1,634,160)
Net Property, Plant and Equipment 1,516,386 1,512,600 1,203,251 1,105,449 1,011,739
Total Assets 7,954,576 8,142,292 6,975,908 6,370,067 6,139,831

Liabilities and Shareholders' Investment

Current Liabilities

Accounts Payable 513,372 618,830 552,714 481,826 495,317
Short-term debt NA NA NA NA 185,000
Accrued Expenses 56,378 48,298 76,966 82,145 71,777
Accrued Workers Compensation 25,515 24,594 26,585 36,612 37,009
Accrued Marketing Expenses 134,652 118,887 101,573 119,583 119,153
Employee Related Expenses 193,049 224,736 209,562 251,433 232,309
Taxes Payable 34,377 2,490 525 4,331 6,764
Interest and Dividends Payable 115,744 101,079 90,287 77,266 66,696
Total Current Liabilities 1,073,087 1,138,914 1,058,212 1,053,196 1,214,025
Long-term Debt-Less Current Maturities 250,000 624,840 250,000 250,000 250,000
Pension and Post-retirement Benefits 492,860 477,557 530,249 522,356 509,261
Other Long-term Liabilities 102,140 99,070 99,340 93,109 101,056
Deferred Income Taxes 145,154 197,093 98,410 6,223 0

Shareholders' Investment

Common Stock 7,818 7,825 7,741 7,742 7,741
Additional Paid-in Capital 170,143 106,528 13,670 0 0
Accumulated Other Comprehensive Loss (275,195) (243,498) (248,075) (296,303) (225,668)
Retained Earnings 5,984,305 5,729,956 5,162,571 4,736,567 4,216,125
Hormel Foods Corporation Shareholders' Investment 5,887,071 5,600,811 4,935,907 4,448,006 3,998,198
Noncontrolling Interest 4,264 4,007 3,790 3,400 3,195
Total Shareholders' Investment 5,891,335 5,604,818 4,939,697 4,451,406 4,001,393
Total Liabilities and Shareholders' Investment 7,954,576 8,142,292 6,975,908 6,370,067 6,139,831
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.