$HRL
HORMEL FOODS CORP /DE/

2021 Q1 Form 10-Q Financial Statement

#000004846521000019 Filed on March 02, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $2.461B $2.384B
YoY Change 3.22% 1.02%
Cost Of Revenue $2.011B $1.916B
YoY Change 4.96% 2.35%
Gross Profit $450.2M $468.4M
YoY Change -3.9% -4.08%
Gross Profit Margin 18.29% 19.64%
Selling, General & Admin $196.4M $195.5M
YoY Change 0.44% 1.02%
% of Gross Profit 43.62% 41.74%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $41.40M $41.19M
YoY Change 0.49% 11.79%
% of Gross Profit 9.2% 8.79%
Operating Expenses $196.4M $195.5M
YoY Change 0.44% 1.02%
Operating Profit $268.0M $280.5M
YoY Change -4.45% -8.41%
Interest Expense $8.227M $3.577M
YoY Change 130.0% -41.81%
% of Operating Profit 3.07% 1.28%
Other Income/Expense, Net -$15.55M $13.25M
YoY Change -217.33% 92.77%
Pretax Income $277.1M $290.2M
YoY Change -4.51% -5.48%
Income Tax $54.69M $47.21M
% Of Pretax Income 19.74% 16.27%
Net Earnings $222.3M $242.9M
YoY Change -8.48% 0.6%
Net Earnings / Revenue 9.03% 10.19%
Basic Earnings Per Share $0.41 $0.45
Diluted Earnings Per Share $0.41 $0.45
COMMON SHARES
Basic Shares Outstanding 539.9M shares 535.1M shares
Diluted Shares Outstanding 547.4M shares 544.8M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.769B $739.2M
YoY Change 139.33% 44.18%
Cash & Equivalents $1.752B $724.4M
Short-Term Investments $17.50M $14.80M
Other Short-Term Assets $8.935M $10.98M
YoY Change -18.6% 130.54%
Inventory $1.087B $1.057B
Prepaid Expenses $21.36M $24.82M
Receivables $706.7M $562.5M
Other Receivables $9.000M $200.0K
Total Short-Term Assets $3.602B $2.395B
YoY Change 50.38% 14.01%
LONG-TERM ASSETS
Property, Plant & Equipment $1.898B $1.756B
YoY Change 8.13% 18.32%
Goodwill $2.618B $2.484B
YoY Change 5.37% -8.56%
Intangibles $1.073B $1.032B
YoY Change 4.04% -14.37%
Long-Term Investments $304.9M $290.8M
YoY Change 4.85% 4.68%
Other Assets $272.2M $251.4M
YoY Change 8.31% 46.99%
Total Long-Term Assets $6.356B $5.895B
YoY Change 7.82% -2.64%
TOTAL ASSETS
Total Short-Term Assets $3.602B $2.395B
Total Long-Term Assets $6.356B $5.895B
Total Assets $9.958B $8.290B
YoY Change 20.12% 1.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $558.5M $490.0M
YoY Change 13.97% -3.08%
Accrued Expenses $50.90M $64.70M
YoY Change -21.33% 28.48%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $258.7M $8.259M
YoY Change 3032.22% -97.8%
Total Short-Term Liabilities $1.417B $1.023B
YoY Change 38.55% -28.75%
LONG-TERM LIABILITIES
Long-Term Debt $1.043B $309.0M
YoY Change 237.59% 23.59%
Other Long-Term Liabilities $162.0M $145.9M
YoY Change 11.01% 45.73%
Total Long-Term Liabilities $1.205B $454.9M
YoY Change 164.9% 29.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.417B $1.023B
Total Long-Term Liabilities $1.205B $454.9M
Total Liabilities $2.623B $1.478B
YoY Change 77.44% -17.24%
SHAREHOLDERS EQUITY
Retained Earnings $6.605B $6.247B
YoY Change 5.73% 6.67%
Common Stock $7.873M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.551B $6.092B
YoY Change
Total Liabilities & Shareholders Equity $9.958B $8.290B
YoY Change 20.12% 1.65%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $222.3M $242.9M
YoY Change -8.48% 0.6%
Depreciation, Depletion And Amortization $41.40M $41.19M
YoY Change 0.49% 11.79%
Cash From Operating Activities $205.7M $188.4M
YoY Change 9.16% 0.53%
INVESTING ACTIVITIES
Capital Expenditures $40.36M $58.21M
YoY Change -30.66% 47.63%
Acquisitions
YoY Change
Other Investing Activities $1.100M -$2.300M
YoY Change -147.83% -106.08%
Cash From Investing Activities -$39.30M -$60.50M
YoY Change -35.04% 3503.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $8.837M $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$134.8M -$77.92M
YoY Change 72.95% -39.55%
NET CHANGE
Cash From Operating Activities $205.7M $188.4M
Cash From Investing Activities -$39.30M -$60.50M
Cash From Financing Activities -$134.8M -$77.92M
Net Change In Cash $37.23M $51.52M
YoY Change -27.73% -3.8%
FREE CASH FLOW
Cash From Operating Activities $205.7M $188.4M
Capital Expenditures $40.36M $58.21M
Free Cash Flow $165.3M $130.2M
YoY Change 26.97% -12.02%

Facts In Submission

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2384434000 USD

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