Hormel Foods Corporation (HRL)

Hormel Foods Balance Sheet

Financials in millions USD. Fiscal year is November - October.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jul 28, 2024	Oct 29, 2023	Oct 30, 2022	Oct 31, 2021	Oct 25, 2020	Oct 27, 2019
Cash & Equivalents	537.48	736.53	982.11	613.53	1,714	672.9
Short-Term Investments	24.45	16.66	16.15	21.16	17.34	14.74
Cash & Short-Term Investments	561.93	753.2	998.26	634.69	1,732	687.64
Cash Growth	-18.15%	-24.55%	57.28%	-63.35%	151.83%	49.77%
Accounts Receivable	727.05	817.39	867.59	895.72	702.42	574.4
Other Receivables	-	7.24	7.18	8.29	41.45	19.92
Receivables	727.05	824.63	874.77	904.01	743.87	594.32
Inventory	1,650	1,680	1,716	1,369	1,073	1,042
Prepaid Expenses	51.75	29.68	35.59	26.39	18.35	22.64
Other Current Assets	7.07	9.33	12.45	13.52	12.44	14.46
Total Current Assets	2,997	3,297	3,637	2,948	3,579	2,361
Property, Plant & Equipment	2,169	2,298	2,215	2,181	1,951	1,629
Long-Term Investments	680.39	725.12	271.06	299.02	308.37	289.16
Goodwill	4,924	4,928	4,926	4,929	2,613	2,482
Other Intangible Assets	1,744	1,757	1,803	1,822	1,076	1,034
Other Long-Term Assets	600.07	443.03	455.12	516.71	380.49	313.82
Total Assets	13,114	13,449	13,307	12,696	9,908	8,109
Accounts Payable	675.17	771.4	816.6	793.31	644.61	590.03
Accrued Expenses	607.83	548.4	593.76	571.74	566.16	508.81
Current Portion of Long-Term Debt	8.23	941.93	0.41	0.39	250.38	-
Current Portion of Leases	-	34.84	29.57	26.69	20.33	-
Current Income Taxes Payable	18.51	15.21	32.93	23.52	22.48	6.21
Other Current Liabilities	-	-0	-	-	-	-
Total Current Liabilities	1,310	2,312	1,473	1,416	1,504	1,105
Long-Term Debt	2,822	2,331	3,254	3,271	992.21	250
Long-Term Leases	29.6	136.73	91.65	101.42	95.85	-
Long-Term Deferred Tax Liabilities	499.1	498.11	475.21	278.18	218.78	176.57
Other Long-Term Liabilities	217.01	82.68	86.27	105.84	114.27	115.36
Total Liabilities	5,237	5,710	5,767	5,718	3,478	2,183
Common Stock	8.03	8.01	8	7.95	7.91	7.83
Additional Paid-In Capital	560.85	506.18	469.47	360.34	289.55	184.92
Retained Earnings	7,613	7,493	7,313	6,882	6,523	6,128
Comprehensive Income & Other	-314.37	-272.25	-255.56	-277.27	-395.25	-399.5
Total Common Equity	7,867	7,735	7,535	6,973	6,426	5,921
Minority Interest	10.11	4.1	4.94	5.48	4.78	4.08
Shareholders' Equity	7,877	7,739	7,540	6,978	6,430	5,926
Total Liabilities & Equity	13,114	13,449	13,307	12,696	9,908	8,109
Total Debt	2,860	3,445	3,376	3,399	1,359	250
Net Cash (Debt)	-2,298	-2,692	-2,378	-2,764	372.87	437.64
Net Cash Growth	-	-	-	-	-14.80%	-
Net Cash Per Share	-4.19	-4.90	-4.33	-5.05	0.68	0.80
Filing Date Shares Outstanding	548.36	546.84	546.42	542.57	539.92	534.74
Total Common Shares Outstanding	548.33	546.6	546.24	542.41	539.89	534.49
Working Capital	1,688	985.47	2,164	1,532	2,075	1,256
Book Value Per Share	14.35	14.15	13.79	12.86	11.90	11.08
Tangible Book Value	1,200	1,049	806.43	221.51	2,737	2,406
Tangible Book Value Per Share	2.19	1.92	1.48	0.41	5.07	4.50
Land	74.67	74.63	74.3	72.13	62.54	49.76
Buildings	1,472	1,458	1,398	1,333	1,251	1,084
Machinery	2,815	2,782	2,637	2,415	2,085	1,965
Construction In Progress	274.82	195.67	216.25	316.46	369.45	256.19

Source: S&P Capital IQ. Standard template. Financial Sources.