Hormel Foods Corporation (HRL)

Hormel Foods Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jan 26, 2025	Oct 27, 2024	Oct 29, 2023	Oct 30, 2022	Oct 31, 2021	Oct 25, 2020
Cash & Equivalents	840.4	741.88	736.53	982.11	613.53	1,714
Short-Term Investments	26.02	24.74	16.66	16.15	21.16	17.34
Cash & Short-Term Investments	866.41	766.62	753.2	998.26	634.69	1,732
Cash Growth	-11.76%	1.78%	-24.55%	57.28%	-63.35%	151.83%
Accounts Receivable	767.8	817.91	817.39	867.59	895.72	702.42
Other Receivables	50.75	50.38	7.24	7.18	8.29	41.45
Receivables	818.55	868.29	824.63	874.77	904.01	743.87
Inventory	1,517	1,576	1,680	1,716	1,369	1,073
Prepaid Expenses	51.86	27.2	20.04	35.59	26.39	18.35
Other Current Assets	12.53	8.07	18.97	12.45	13.52	12.44
Total Current Assets	3,266	3,246	3,297	3,637	2,948	3,579
Property, Plant & Equipment	2,175	2,342	2,298	2,215	2,181	1,951
Long-Term Investments	710.43	719.48	725.12	271.06	299.02	308.37
Goodwill	4,917	4,923	4,928	4,926	4,929	2,613
Other Intangible Assets	1,728	1,733	1,757	1,803	1,822	1,076
Other Long-Term Assets	607.67	470.15	443.03	455.12	516.71	380.49
Total Assets	13,403	13,435	13,449	13,307	12,696	9,908
Accounts Payable	709.19	735.6	771.4	816.6	793.31	644.61
Accrued Expenses	606.43	601.9	548.4	593.76	571.74	566.16
Current Portion of Long-Term Debt	7.19	0.43	941.93	0.41	0.39	250.38
Current Portion of Leases	-	39.45	34.84	29.57	26.69	20.33
Current Income Taxes Payable	9	21.92	15.21	32.93	23.52	22.48
Other Current Liabilities	0	-0	-0	-	-	-
Total Current Liabilities	1,332	1,399	2,312	1,473	1,416	1,504
Long-Term Debt	2,825	2,831	2,331	3,254	3,271	992.21
Long-Term Leases	25.48	141.44	136.73	91.65	101.42	95.85
Long-Term Deferred Tax Liabilities	594.79	589.37	498.11	475.21	278.18	218.78
Other Long-Term Liabilities	206.21	89.93	82.68	86.27	105.84	114.27
Total Liabilities	5,365	5,431	5,710	5,767	5,718	3,478
Common Stock	8.05	8.04	8.01	8	7.95	7.91
Additional Paid-In Capital	602.89	571.18	506.18	469.47	360.34	289.55
Retained Earnings	7,689	7,678	7,493	7,313	6,882	6,523
Comprehensive Income & Other	-271.26	-263.33	-272.25	-255.56	-277.27	-395.25
Total Common Equity	8,028	7,993	7,735	7,535	6,973	6,426
Minority Interest	10.1	10.59	4.1	4.94	5.48	4.78
Shareholders' Equity	8,038	8,004	7,739	7,540	6,978	6,430
Total Liabilities & Equity	13,403	13,435	13,449	13,307	12,696	9,908
Total Debt	2,857	3,012	3,445	3,376	3,399	1,359
Net Cash (Debt)	-1,991	-2,245	-2,692	-2,378	-2,764	372.87
Net Cash Growth	-	-	-	-	-	-14.80%
Net Cash Per Share	-3.62	-4.09	-4.90	-4.33	-5.05	0.68
Filing Date Shares Outstanding	549.91	549.01	546.84	546.42	542.57	539.92
Total Common Shares Outstanding	549.79	548.61	546.6	546.24	542.41	539.89
Working Capital	1,934	1,847	985.47	2,164	1,532	2,075
Book Value Per Share	14.60	14.57	14.15	13.79	12.86	11.90
Tangible Book Value	1,384	1,337	1,049	806.43	221.51	2,737
Tangible Book Value Per Share	2.52	2.44	1.92	1.48	0.41	5.07
Land	73.29	75.16	74.63	74.3	72.13	62.54
Buildings	1,480	1,504	1,458	1,398	1,333	1,251
Machinery	2,900	2,905	2,782	2,637	2,415	2,085
Construction In Progress	270.21	228.73	195.67	216.25	316.46	369.45

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