Hormel Foods Corporation (HRL)

Hormel Foods Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 26, 2025	Oct 27, 2024	Oct 29, 2023	Oct 30, 2022	Oct 31, 2021
Net Income	478.2	805.04	793.57	999.99	908.84
Depreciation & Amortization	263.9	257.76	253.31	235.89	209.31
Loss (Gain) From Sale of Assets	10.8	-4.4	-	-	-
Asset Writedown & Restructuring Costs	70.75	-	28.38	-	-
Loss (Gain) on Equity Investments	105.84	-51.09	-42.75	-27.19	-47.76
Stock-Based Compensation	25.6	23.23	24.08	24.94	24.74
Other Operating Activities	133.49	168.04	116.02	273.14	72.59
Change in Accounts Receivable	32.73	1.9	49	28.37	-191.63
Change in Inventory	-172.27	95.28	35.71	-351.66	-145.18
Change in Accounts Payable	-69.33	-27.2	-140.52	-14.51	115.1
Change in Income Taxes	-47.62	-39.32	-18.56	10.87	36.81
Change in Other Net Operating Assets	13.16	37.49	-50.39	-44.85	19.11
Operating Cash Flow	845.25	1,267	1,048	1,135	1,002
Operating Cash Flow Growth	-33.27%	20.89%	-7.68%	13.28%	-11.18%
Capital Expenditures	-310.9	-256.44	-270.21	-278.92	-232.42
Sale of Property, Plant & Equipment	0.13	0.47	5.32	1.22	2.22
Cash Acquisitions	-	-	-	-	-3,396
Divestitures	13.14	25.01	-	-	-
Investment in Securities	-11.64	-14.06	-427.75	4.9	-4.71
Other Investing Activities	10.68	8.11	3.1	14.76	5.31
Investing Cash Flow	-298.59	-236.91	-689.54	-258.04	-3,626
Long-Term Debt Issued	-	497.77	1.98	-	2,276
Total Debt Issued	-	497.77	1.98	-	2,276
Long-Term Debt Repaid	-7.83	-959.02	-8.83	-8.67	-258.62
Total Debt Repaid	-7.83	-959.02	-8.83	-8.67	-258.62
Net Debt Issued (Repaid)	-7.83	-461.25	-6.85	-8.67	2,018
Issuance of Common Stock	22.06	40.71	12.02	79.83	45.92
Repurchase of Common Stock	-	-	-12.3	-	-19.96
Common Dividends Paid	-633.19	-614.96	-592.93	-557.84	-523.11
Other Financing Activities	4.97	5.4	-	0	-0
Financing Cash Flow	-614	-1,030	-600.06	-486.68	1,521
Foreign Exchange Rate Adjustments	-3.87	5.61	-3.81	-21.68	2.61
Miscellaneous Cash Flow Adjustments	0	-	-	-	0
Net Cash Flow	-71.2	5.35	-245.58	368.58	-1,101
Free Cash Flow	534.35	1,010	777.64	856.06	769.52
Free Cash Flow Growth	-47.11%	29.92%	-9.16%	11.25%	1.18%
Free Cash Flow Margin	4.41%	8.48%	6.42%	6.87%	6.76%
Free Cash Flow Per Share	0.97	1.84	1.42	1.56	1.41
Cash Interest Paid	74.58	70.29	57.1	57	25.1
Cash Income Tax Paid	183.5	186.4	205	93.1	167
Levered Free Cash Flow	288.03	746.78	608.89	475.2	362.95
Unlevered Free Cash Flow	336.81	797.34	654.76	514.27	390.02
Change in Working Capital	-243.33	68.16	-124.76	-371.79	-165.79

Updated Dec 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q