Hormel Foods (HRL) Financial Statements
Price: $29.98
Market Cap: $16.49B
Avg Volume: 2.96M
Market Cap: $16.49B
Avg Volume: 2.96M
Country: US
Industry: Packaged Foods
Sector: Consumer Defensive
Industry: Packaged Foods
Sector: Consumer Defensive
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Hormel Foods.
Income Statement
| Breakdown | October 27, 2024 | October 29, 2023 | October 30, 2022 | October 31, 2021 | October 25, 2020 | October 27, 2019 | October 28, 2018 | October 29, 2017 | October 30, 2016 | October 25, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.92B | $12.11B | $12.46B | $11.39B | $9.61B | $9.50B | $9.55B | $9.17B | $9.52B | $9.26B |
| Cost of Revenue | $9.90B | $10.11B | $10.29B | $9.46B | $7.78B | $7.61B | $7.55B | $7.16B | $7.37B | $7.46B |
| Gross Profit | $2.02B | $2.00B | $2.16B | $1.93B | $1.83B | $1.88B | $2.00B | $2.00B | $2.16B | $1.81B |
| Gross Profit Ratio | 16.96% | 16.50% | 17.37% | 16.90% | 19.00% | 19.84% | 20.90% | 21.85% | 22.66% | 19.52% |
| Research and Development Expenses | $- | $33.70M | $34.70M | $33.60M | $31.90M | $32.50M | $33.80M | $34.20M | $34.70M | $32.00M |
| General and Administrative Expenses | $- | $748.37M | $721.97M | $714.57M | $637.72M | $596.48M | $686.71M | $626.50M | $667.87M | $598.31M |
| Selling and Marketing Expenses | $- | $160.10M | $157.30M | $138.50M | $123.60M | $131.10M | $151.50M | $135.60M | $204.10M | $145.30M |
| Selling General and Administrative Expenses | $1.01B | $908.47M | $879.26M | $853.07M | $761.32M | $727.58M | $838.21M | $762.10M | $871.97M | $743.61M |
| Other Expenses | $-51.09M | $-14.37M | $- | $- | $- | $- | $- | $- | $- | $- |
| Operating Expenses | $959.76M | $927.79M | $879.26M | $853.07M | $761.32M | $727.58M | $838.21M | $762.10M | $871.97M | $743.61M |
| Cost and Expenses | $10.85B | $11.04B | $11.17B | $10.31B | $8.54B | $8.34B | $8.39B | $7.93B | $8.24B | $8.20B |
| Interest Income | $48.40M | $14.83M | $28.01M | $46.88M | $35.60M | $31.52M | $8.86M | $10.86M | $6.19M | $2.93M |
| Interest Expense | $80.89M | $73.40M | $62.52M | $43.31M | $21.07M | $18.07M | $26.49M | $12.68M | $12.87M | $13.11M |
| Depreciation and Amortization | $257.76M | $253.31M | $262.75M | $228.41M | $205.78M | $165.21M | $161.86M | $130.98M | $131.97M | $133.43M |
| EBITDA | $1.36B | $1.31B | $1.60B | $1.40B | $1.34B | $1.39B | $1.30B | $1.37B | $1.42B | $1.21B |
| EBITDA Ratio | 11.38% | 10.83% | 12.87% | 12.28% | 13.96% | 14.67% | 14.53% | 15.52% | 15.36% | 13.23% |
| Operating Income | $1.07B | $1.07B | $1.31B | $1.12B | $1.10B | $1.20B | $1.20B | $1.28B | $1.32B | $1.07B |
| Operating Income Ratio | 8.96% | 8.85% | 10.54% | 9.86% | 11.45% | 12.60% | 12.56% | 13.97% | 13.90% | 11.52% |
| Total Other Income Expenses Net | $-32.50M | $-58.57M | $-34.50M | $3.57M | $14.53M | $13.45M | $-17.64M | $1.90M | $-6.68M | $-10.18M |
| Income Before Tax | $1.04B | $1.01B | $1.28B | $1.13B | $1.11B | $1.21B | $1.18B | $1.28B | $1.32B | $1.06B |
| Income Before Tax Ratio | 8.69% | 8.37% | 10.26% | 9.89% | 11.60% | 12.74% | 12.38% | 13.95% | 13.83% | 11.41% |
| Income Tax Expense | $230.80M | $220.55M | $277.88M | $217.03M | $206.39M | $230.57M | $168.70M | $431.54M | $426.70M | $369.88M |
| Net Income | $805.04M | $793.57M | $999.99M | $908.84M | $908.08M | $978.81M | $1.01B | $846.74M | $890.05M | $686.09M |
| Net Income Ratio | 6.75% | 6.55% | 8.03% | 7.98% | 9.45% | 10.31% | 10.60% | 9.24% | 9.35% | 7.41% |
| EPS | $1.47 | $1.45 | $1.84 | $1.68 | $1.69 | $1.83 | $1.91 | $1.60 | $1.68 | $1.30 |
| EPS Diluted | $1.47 | $1.45 | $1.82 | $1.66 | $1.66 | $1.80 | $1.86 | $1.57 | $1.64 | $1.27 |
| Weighted Average Shares Outstanding | 548.13M | 546.42M | 544.92M | 541.11M | 538.01M | 534.58M | 530.74M | 528.36M | 529.29M | 528.14M |
| Weighted Average Shares Outstanding Diluted | 548.83M | 548.98M | 549.57M | 547.58M | 546.59M | 545.23M | 543.87M | 539.12M | 542.47M | 541.00M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | October 27, 2024 | October 29, 2023 | October 30, 2022 | October 31, 2021 | October 25, 2020 | October 27, 2019 | October 28, 2018 | October 29, 2017 | October 30, 2016 | October 25, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $741.88M | $736.53M | $982.11M | $613.53M | $1.71B | $672.90M | $459.14M | $444.12M | $415.14M | $347.24M |
| Short Term Investments | $24.74M | $16.66M | $16.15M | $21.16M | $17.34M | $14.74M | $- | $- | $- | $- |
| Cash and Short Term Investments | $766.62M | $753.20M | $998.26M | $634.69M | $1.73B | $687.64M | $459.14M | $444.12M | $415.14M | $347.24M |
| Net Receivables | $817.91M | $824.63M | $874.77M | $904.01M | $743.87M | $594.32M | $604.43M | $640.70M | $609.59M | $611.82M |
| Inventory | $1.58B | $1.68B | $1.72B | $1.37B | $1.07B | $1.04B | $963.53M | $921.02M | $985.68M | $993.26M |
| Other Current Assets | $85.64M | $39.01M | $55.22M | $39.91M | $30.79M | $37.09M | $23.00M | $20.68M | $19.49M | $110.71M |
| Total Current Assets | $3.25B | $3.30B | $3.64B | $2.95B | $3.58B | $2.36B | $2.05B | $2.03B | $2.03B | $2.06B |
| Property Plant Equipment Net | $2.19B | $2.30B | $2.14B | $2.11B | $1.90B | $1.63B | $1.51B | $1.20B | $1.11B | $1.01B |
| Goodwill | $4.92B | $4.93B | $4.93B | $4.93B | $2.61B | $2.48B | $2.71B | $2.12B | $1.83B | $1.70B |
| Intangible Assets | $1.73B | $1.76B | $1.80B | $1.82B | $1.08B | $1.03B | $1.21B | $3.15B | $2.74B | $2.53B |
| Goodwill and Intangible Assets | $6.66B | $6.69B | $6.73B | $6.75B | $3.69B | $3.52B | $3.92B | $3.15B | $2.74B | $2.53B |
| Long Term Investments | $719.48M | $725.12M | $271.06M | $299.02M | $308.37M | $289.16M | $273.15M | $242.37M | $239.59M | $259.00M |
| Tax Assets | $- | $- | $475.21M | $289.10M | $183.23M | $135.91M | $197.09M | $-242.37M | $6.22M | $-259.00M |
| Other Non-Current Assets | $617.85M | $443.03M | $53.52M | $299.91M | $250.38M | $177.90M | $188.01M | $599.31M | $251.14M | $538.36M |
| Total Non-Current Assets | $10.19B | $10.15B | $9.67B | $9.75B | $6.33B | $5.75B | $6.09B | $4.95B | $4.34B | $4.08B |
| Other Assets | $- | $- | $4.93M | $5.48M | $4.78M | $- | $- | $- | $- | $- |
| Total Assets | $13.43B | $13.45B | $13.31B | $12.70B | $9.91B | $8.11B | $8.14B | $6.98B | $6.37B | $6.14B |
| Account Payables | $735.60M | $771.40M | $816.60M | $793.31M | $644.61M | $590.03M | $618.83M | $552.71M | $481.83M | $495.32M |
| Short Term Debt | $7.81M | $950.53M | $405.00K | $8.76M | $258.69M | $- | $- | $- | $- | $185.00M |
| Tax Payables | $21.92M | $15.21M | $32.92M | $23.52M | $22.48M | $6.21M | $2.49M | $525.00K | $4.33M | $6.76M |
| Deferred Revenue | $- | $- | $475.21M | $- | $- | $- | $- | $- | $-1.54B | $-495.32M |
| Other Current Liabilities | $633.97M | $574.64M | $623.33M | $590.07M | $578.18M | $508.81M | $517.59M | $504.97M | $567.04M | $526.94M |
| Total Current Liabilities | $1.40B | $2.31B | $1.47B | $1.42B | $1.50B | $1.11B | $1.14B | $1.06B | $1.05B | $1.21B |
| Long Term Debt | $2.85B | $2.47B | $3.38B | $3.42B | $1.04B | $250.00M | $624.84M | $250.00M | $250.00M | $250.00M |
| Deferred Revenue Non-Current | $- | $- | $- | $546.36M | $552.88M | $536.49M | $-203.10M | $- | $-367.25M | $-64.10M |
| Deferred Tax Liabilities Non-Current | $589.37M | $498.11M | $475.21M | $278.18M | $218.78M | $176.57M | $197.09M | $98.41M | $367.25M | $64.10M |
| Other Non-Current Liabilities | $591.11M | $431.95M | $436.02M | $607.57M | $710.28M | $828.42M | $576.63M | $629.59M | $615.47M | $610.32M |
| Total Non-Current Liabilities | $4.03B | $3.40B | $4.29B | $4.30B | $1.97B | $1.08B | $1.40B | $978.00M | $865.47M | $924.41M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $5.43B | $5.71B | $5.77B | $5.72B | $3.48B | $2.18B | $2.54B | $2.04B | $1.92B | $2.14B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $4.01M | $3.79M | $- | $- |
| Common Stock | $8.04M | $8.01M | $8.00M | $7.95M | $7.91M | $7.83M | $7.83M | $7.74M | $7.74M | $7.74M |
| Retained Earnings | $7.68B | $7.49B | $7.31B | $6.88B | $6.52B | $6.13B | $5.73B | $5.16B | $4.74B | $4.22B |
| Accumulated Other Comprehensive Income Loss | $-263.33M | $-272.25M | $-255.56M | $-277.27M | $-395.25M | $-399.50M | $-243.50M | $-248.07M | $-296.30M | $-225.67M |
| Other Total Stockholders Equity | $571.18M | $506.18M | $469.47M | $360.34M | $289.55M | $184.92M | $106.53M | $13.67M | $- | $- |
| Total Stockholders Equity | $7.99B | $7.73B | $7.54B | $6.98B | $6.43B | $5.93B | $5.60B | $4.94B | $4.45B | $4.00B |
| Total Equity | $8.00B | $7.74B | $7.55B | $6.98B | $6.44B | $5.93B | $5.61B | $4.94B | $4.45B | $4.00B |
| Total Liabilities and Stockholders Equity | $13.43B | $13.45B | $13.31B | $12.70B | $9.91B | $8.11B | $8.14B | $6.98B | $6.37B | $6.14B |
| Minority Interest | $10.59M | $4.10M | $4.94M | $5.48M | $4.78M | $4.08M | $4.01M | $3.79M | $3.40M | $3.19M |
| Total Liabilities and Total Equity | $13.43B | $13.45B | $13.31B | $12.70B | $9.91B | $8.11B | $8.14B | $6.98B | $6.37B | $6.14B |
| Total Investments | $744.22M | $741.78M | $287.21M | $320.18M | $325.71M | $303.89M | $273.15M | $242.37M | $239.59M | $259.00M |
| Total Debt | $2.86B | $3.31B | $3.30B | $3.32B | $1.30B | $250.00M | $624.84M | $250.00M | $250.00M | $435.00M |
| Net Debt | $2.12B | $2.57B | $2.32B | $2.71B | $-410.68M | $-422.90M | $165.70M | $-194.12M | $-165.14M | $87.76M |
Cash Flow Statement
| Breakdown | October 27, 2024 | October 29, 2023 | October 30, 2022 | October 31, 2021 | October 25, 2020 | October 27, 2019 | October 28, 2018 | October 29, 2017 | October 30, 2016 | October 25, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $804.63M | $792.92M | $1.00B | $909.14M | $908.35M | $979.15M | $1.01B | $847.10M | $890.52M | $687.26M |
| Depreciation and Amortization | $257.76M | $253.31M | $262.75M | $228.41M | $205.78M | $165.21M | $161.86M | $130.98M | $131.97M | $133.43M |
| Deferred Income Tax | $87.67M | $31.79M | $177.00M | $28.68M | $32.04M | $28.64M | $-7.44M | $62.17M | $44.33M | $19.98M |
| Stock Based Compensation | $23.23M | $24.08M | $24.94M | $24.74M | $22.46M | $19.71M | $20.59M | $15.59M | $17.83M | $15.72M |
| Change in Working Capital | $68.16M | $-124.76M | $-371.79M | $-165.79M | $-29.01M | $-221.36M | $50.01M | $31.94M | $-30.63M | $149.76M |
| Accounts Receivables | $1.90M | $49.00M | $28.36M | $-191.63M | $-119.52M | $-11.15M | $36.13M | $-28.09M | $21.39M | $22.45M |
| Inventory | $95.28M | $35.71M | $-351.66M | $-145.18M | $-1.84M | $-123.84M | $-8.29M | $41.31M | $-12.28M | $82.44M |
| Accounts Payables | $-27.20M | $-140.52M | $-14.51M | $115.10M | $111.28M | $-44.11M | $48.38M | $-2.55M | $-74.68M | $-7.43M |
| Other Working Capital | $-1.82M | $-68.95M | $-33.98M | $55.92M | $-18.93M | $-42.26M | $-26.21M | $21.27M | $34.94M | $52.30M |
| Other Non Cash Items | $25.29M | $70.50M | $41.85M | $-23.25M | $-11.60M | $-48.35M | $4.12M | $-77.58M | $-61.16M | $-14.16M |
| Net Cash Provided by Operating Activities | $1.27B | $1.05B | $1.13B | $1.00B | $1.13B | $923.00M | $1.24B | $1.01B | $992.85M | $991.99M |
| Investments in Property Plant and Equipment | $-256.44M | $-270.21M | $-277.69M | $-230.20M | $-367.50M | $-256.44M | $-379.86M | $-217.28M | $-249.30M | $-125.56M |
| Acquisitions Net | $- | $-427.71M | $2.40M | $-3.40B | $-270.79M | $479.81M | $-857.67M | $-384.52M | $-170.74M | $-770.59M |
| Purchases of Investments | $-14.06M | $- | $2.49M | $-4.36M | $-19.94M | $-14.50M | $-7.55M | $-4.01M | $-6.23M | $-4.80M |
| Sales Maturities of Investments | $- | $- | $-2.40M | $4.36M | $3.77M | $11.28M | $2.16M | $8.79M | $11.08M | $-18.50M |
| Other Investing Activities | $33.59M | $8.38M | $17.16M | $607.00K | $-1.86M | $11.28M | $7.55M | $4.01M | $6.23M | $18.50M |
| Net Cash Used for Investing Activities | $-236.91M | $-689.54M | $-258.04M | $-3.63B | $-656.32M | $220.15M | $-1.24B | $-593.00M | $-408.96M | $-900.95M |
| Debt Repayment | $-461.25M | $-6.85M | $-8.67M | $2.02B | $984.01M | $-374.84M | $374.84M | $- | $-185.00M | $185.00M |
| Common Stock Issued | $- | $- | $79.83M | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $-12.30M | $- | $-19.96M | $-12.36M | $-174.25M | $-46.90M | $-94.49M | $-87.89M | $-24.93M |
| Dividends Paid | $-614.96M | $-592.93M | $-557.84M | $-523.11M | $-487.38M | $-437.05M | $-388.11M | $-346.01M | $-296.49M | $-250.83M |
| Other Financing Activities | $46.12M | $12.02M | $79.83M | $45.92M | $81.89M | $59.90M | $71.80M | $21.73M | $59.73M | $20.14M |
| Net Cash Used Provided by Financing Activities | $-1.03B | $-600.06M | $-486.68M | $1.52B | $566.17M | $-926.24M | $11.64M | $-418.77M | $-509.65M | $-70.63M |
| Effect of Forex Changes on Cash | $5.61M | $-3.81M | $-21.68M | $2.61M | $3.53M | $-3.14M | $-2.98M | $1.04M | $-6.34M | $-7.35M |
| Net Change in Cash | $5.35M | $-245.57M | $368.58M | $-1.10B | $1.04B | $213.76M | $15.01M | $28.98M | $67.90M | $13.06M |
| Cash at End of Period | $741.88M | $736.53M | $982.11M | $613.53M | $1.71B | $672.90M | $459.14M | $444.12M | $415.14M | $347.24M |
| Cash at Beginning of Period | $736.53M | $982.11M | $613.53M | $1.71B | $672.90M | $459.14M | $444.12M | $415.14M | $347.24M | $334.17M |
| Operating Cash Flow | $1.27B | $1.05B | $1.13B | $1.00B | $1.13B | $923.00M | $1.24B | $1.01B | $992.85M | $991.99M |
| Capital Expenditure | $-256.44M | $-270.21M | $-277.69M | $-230.20M | $-367.50M | $-256.44M | $-379.86M | $-217.28M | $-249.30M | $-125.56M |
| Free Cash Flow | $1.01B | $777.64M | $857.28M | $771.73M | $760.52M | $666.56M | $861.87M | $792.92M | $743.55M | $866.43M |