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As-Reported Financials

As Reported Financials

Currency Code (in thousands) 2019 Q1 YTD USD 2018 Y USD 2017 Y USD 2016 Y USD 2015 Y USD
Currency Code 2019 Q1 YTD USD 2018 Y USD 2017 Y USD 2016 Y USD 2015 Y USD

ASSETS

CURRENT ASSETS

Cash and cash equivalents 512,689 459,136 444,122 415,143 347,239
Accounts receivable 565,060 600,438 618,351 591,310 605,689
Inventories 994,428 963,527 921,022 985,683 993,265
Income taxes receivable 147 3,995 22,346 18,282 6,132
Deferred income taxes NA NA NA NA 86,902
Prepaid expenses 23,601 16,342 16,144 13,775 14,383
Other current assets 4,761 6,662 4,538 5,719 9,422
TOTAL CURRENT ASSETS 2,100,686 2,050,100 2,026,523 2,029,912 2,063,032
GOODWILL 2,716,750 2,714,116 2,119,813 1,834,497 1,699,484
OTHER INTANGIBLES 1,204,991 1,207,219 1,027,014 903,258 827,219
PENSION ASSETS 200,448 195,153 171,990 68,901 132,861
INVESTMENTS IN AND RECEIVABLES FROM AFFILIATES 277,837 273,153 242,369 239,590 258,998
OTHER ASSETS 171,005 189,951 184,948 182,237 146,498

PROPERTY, PLANT AND EQUIPMENT

Land 49,162 50,332 51,249 67,557 71,192
Buildings 958,884 956,260 866,855 805,858 815,643
Equipment 1,819,284 1,863,020 1,710,537 1,675,549 1,679,100
Construction in progress 302,929 332,205 148,064 218,351 79,964
Total NA NA NA NA 2,645,899
Less - Allowance for depreciation (1,646,578) (1,689,217) (1,573,454) (1,661,866) (1,634,160)
Net property, plant and equipment 1,483,681 1,512,600 1,203,251 1,105,449 1,011,739
TOTAL ASSETS 8,155,398 8,142,292 6,975,908 6,370,067 6,139,831

LIABILITIES AND SHAREHOLDERS' INVESTMENT

CURRENT LIABILITIES

Accounts payable 505,617 618,830 552,714 481,826 495,317
Short-term debt NA NA NA NA 185,000
Accrued expenses 50,361 48,298 76,966 82,145 71,777
Accrued workers compensation 25,215 24,594 26,585 36,612 37,009
Accrued marketing expenses 139,338 118,887 101,573 119,583 119,153
Employee related expenses 160,242 224,736 209,562 251,433 232,309
Taxes payable 63,791 2,490 525 4,331 6,764
Interest and dividends payable 116,370 101,079 90,287 77,266 66,696
Current maturities of long-term debt 374,878 0 NA NA NA
TOTAL CURRENT LIABILITIES 1,435,812 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 484,004 477,557 530,249 522,356 509,261
OTHER LONG-TERM LIABILITIES 100,134 99,070 99,340 93,109 101,056
DEFERRED INCOME TAXES 179,669 197,093 98,410 6,223 0

SHAREHOLDERS' INVESTMENT

Common stock 7,826 7,825 7,741 7,742 7,741
Additional paid-in capital 130,196 106,528 13,670 0 0
Accumulated other comprehensive loss (292,342) (243,498) (248,075) (296,303) (225,668)
Retained earnings 5,856,029 5,729,956 5,162,571 4,736,567 4,216,125
HORMEL FOODS CORPORATION SHAREHOLDERS' INVESTMENT 5,701,709 5,600,811 4,935,907 4,448,006 3,998,198
NONCONTROLLING INTEREST 4,070 4,007 3,790 3,400 3,195
TOTAL SHAREHOLDERS' INVESTMENT 5,705,779 5,604,818 4,939,697 4,451,406 4,001,393
TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT 8,155,398 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.