$HRL
HORMEL FOODS CORP /DE/

2013 Q1 Form 10-Q Financial Statement

#000110465913018570 Filed on March 08, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q1
Revenue $2.116B $2.039B
YoY Change 3.77% 6.13%
Cost Of Revenue $1.772B $1.702B
YoY Change 4.11% 9.98%
Gross Profit $344.2M $337.4M
YoY Change 2.01% -9.78%
Gross Profit Margin 16.26% 16.54%
Selling, General & Admin $155.8M $152.5M
YoY Change 2.2% 5.01%
% of Gross Profit 45.27% 45.19%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $27.66M $28.39M
YoY Change -2.59% -9.01%
% of Gross Profit 8.03% 8.41%
Operating Expenses $155.8M $152.5M
YoY Change 2.2% 5.08%
Operating Profit $188.4M $184.9M
YoY Change 1.85% -19.21%
Interest Expense $3.094M $3.214M
YoY Change -3.73% 301.75%
% of Operating Profit 1.64% 1.74%
Other Income/Expense, Net $1.810M $1.590M
YoY Change 13.84%
Pretax Income $196.9M $194.3M
YoY Change 1.34% -15.37%
Income Tax $65.88M $64.98M
% Of Pretax Income 33.45% 33.44%
Net Earnings $129.7M $128.4M
YoY Change 1.03% -14.42%
Net Earnings / Revenue 6.13% 6.3%
Basic Earnings Per Share $0.49 $0.49
Diluted Earnings Per Share $0.48 $0.48
COMMON SHARES
Basic Shares Outstanding 263.9M shares 263.9M shares
Diluted Shares Outstanding 269.1M shares 269.6M shares

Balance Sheet

Concept 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $887.7M $625.0M
YoY Change 42.03% -3.77%
Cash & Equivalents $887.7M $548.6M
Short-Term Investments $0.00 $76.40M
Other Short-Term Assets $8.272M $91.40M
YoY Change -90.95% -13.53%
Inventory $953.7M $882.8M
Prepaid Expenses $13.28M
Receivables $466.5M $422.5M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.400B $2.022B
YoY Change 18.7% 3.72%
LONG-TERM ASSETS
Property, Plant & Equipment $916.2M $908.3M
YoY Change 0.87% -0.8%
Goodwill $630.9M
YoY Change
Intangibles $120.9M
YoY Change
Long-Term Investments $280.9M $292.9M
YoY Change -4.1% 38.68%
Other Assets $132.9M $286.9M
YoY Change -53.69% 3.5%
Total Long-Term Assets $2.223B $2.249B
YoY Change -1.14% 3.44%
TOTAL ASSETS
Total Short-Term Assets $2.400B $2.022B
Total Long-Term Assets $2.223B $2.249B
Total Assets $4.623B $4.270B
YoY Change 8.26% 3.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $324.4M $308.7M
YoY Change 5.08% 15.27%
Accrued Expenses $58.03M $375.0M
YoY Change -84.53% 10.16%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $737.4M $724.6M
YoY Change 1.76% -28.97%
LONG-TERM LIABILITIES
Long-Term Debt $250.0M $250.0M
YoY Change 0.0%
Other Long-Term Liabilities $88.48M $556.6M
YoY Change -84.1% 1.05%
Total Long-Term Liabilities $338.5M $806.6M
YoY Change -58.04% 46.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $737.4M $724.6M
Total Long-Term Liabilities $338.5M $806.6M
Total Liabilities $1.076B $1.535B
YoY Change -29.93% -2.53%
SHAREHOLDERS EQUITY
Retained Earnings $3.220B
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.927B $2.735B
YoY Change
Total Liabilities & Shareholders Equity $4.623B $4.270B
YoY Change 8.26% 3.58%

Cashflow Statement

Concept 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income $129.7M $128.4M
YoY Change 1.03% -14.42%
Depreciation, Depletion And Amortization $27.66M $28.39M
YoY Change -2.59% -9.01%
Cash From Operating Activities $141.8M $152.2M
YoY Change -6.83% -7.92%
INVESTING ACTIVITIES
Capital Expenditures $22.05M $30.46M
YoY Change -27.6% -282.38%
Acquisitions
YoY Change
Other Investing Activities $88.40M $1.900M
YoY Change 4552.63% -205.56%
Cash From Investing Activities $66.30M -$28.60M
YoY Change -331.82% 54.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $11.12M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.000M -38.90M
YoY Change -92.29% 130.18%
NET CHANGE
Cash From Operating Activities 141.8M 152.2M
Cash From Investing Activities 66.30M -28.60M
Cash From Financing Activities -3.000M -38.90M
Net Change In Cash 205.1M 84.70M
YoY Change 142.15% -34.8%
FREE CASH FLOW
Cash From Operating Activities $141.8M $152.2M
Capital Expenditures $22.05M $30.46M
Free Cash Flow $119.7M $121.7M
YoY Change -1.64% -33.11%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2013Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2013Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2013Q1 us-gaap Guarantee Obligations Term
GuaranteeObligationsTerm
The Company's guarantees either terminate in one year or remain in place until such time as the Company revokes the agreement
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CY2013Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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