- HRL Ticker
- 🇺🇸 NYSE Exchange
- 20,100 Employees
- 🧵 Consumer Staples Sector
- 🥑 Food Products Industry
- James P. Snee CEO
Financial statements — Hormel Foods
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| 20 ← 16 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|
| Total Revenue |
|
9.6B | 9.5B | 9.5B | 9.2B | 9.5B |
| Cost Of Revenue |
|
7.8B | 7.6B | 7.6B | 7.2B | 7.4B |
| Gross Profit |
|
1.8B | 1.9B | 2B | 2B | 2.2B |
| Research and Development |
|
0 | 0 | 0 | 0 | 0 |
| Selling General and Admin |
|
760M | 730M | 840M | 760M | 870M |
| Operating Expense |
|
8.5B | 8.3B | 8.4B | 7.9B | 8.2B |
| Operating Income |
|
1.1B | 1.2B | 1.2B | 1.2B | 1.3B |
| Other Income Expense Net |
|
0 | 0 | 0 | 0 | 0 |
| EBIT |
|
1.1B | 1.2B | 1.2B | 1.3B | 1.3B |
| Interest Income |
|
21M | 18M | 26M | 13M | 13M |
| Pretax Income |
|
1.1B | 1.2B | 1.2B | 1.3B | 1.3B |
| Income Tax |
|
210M | 230M | 170M | 430M | 430M |
| Minority Interest |
|
270K | 340K | 440K | 370K | 470K |
| Net Income |
|
910M | 980M | 1B | 850M | 890M |
| Net Income Basic |
|
910M | 980M | 1B | 850M | 890M |
| 20 ← 16 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|
| Current cash |
|
1.7B | 690M | 460M | 440M | 420M |
| Short term investments |
|
31M | 37M | 23M | 21M | 19M |
| Receivables |
|
740M | 590M | 600M | 640M | 610M |
| Inventory |
|
1.1B | 1B | 960M | 920M | 900M |
| Other current assets |
|
31M | 37M | 23M | 21M | 19M |
| Current assets |
|
3.6B | 2.4B | 2.1B | 2B | 2B |
| Long term investments |
|
6.3B | 5.7B | 6.1B | 4.9B | 4.3B |
| Property plant equipment |
|
1.9B | 1.6B | 1.5B | 1.2B | 1B |
| Goodwill |
|
2.6B | 2.5B | 2.7B | 2.1B | 1.8B |
| Intangible assets |
|
1.1B | 1B | 1.2B | 1B | 890M |
| Other assets |
|
430M | 310M | 390M | 360M | 250M |
| Total assets |
|
9.9B | 8.1B | 8.1B | 7B | 6.4B |
| Accounts payable |
|
640M | 590M | 620M | 550M | 480M |
| Current long term debt |
|
260M | 0 | 0 | 0 | 0 |
| Other current liabilities |
|
600M | 520M | 520M | 510M | 570M |
| Total current liabilities |
|
1.5B | 1.1B | 1.1B | 1.1B | 1.1B |
| Long term debt |
|
1B | 250M | 620M | 250M | 250M |
| Other liabilities |
|
710M | 650M | 580M | 630M | 620M |
| Minority Interest |
|
4.8M | 4.1M | 4M | 3.8M | 3.4M |
| Total Liabilities |
|
3.5B | 2.2B | 2.5B | 2B | 1.9B |
| Common stock |
|
540M | 530M | 530M | 530M | 530M |
| Retained earning |
|
6.5B | 6.1B | 5.7B | 5.2B | 4.7B |
| Treasury stock |
|
0 | 0 | 0 | 0 | 0 |
| Capital surplus |
|
• | • | • | • | • |
| Shareholder equity |
|
6.4B | 5.9B | 5.6B | 4.9B | 4.4B |
| Net tangible assets |
|
2.7B | 2.4B | 1.7B | 1.8B | 1.7B |
| 20 ← 16 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|
| Net Income |
|
910M | 980M | 1B | 850M | 890M |
| Depreciation |
|
210M | 170M | 160M | 130M | 130M |
| Changes in receivables |
|
150M | -10M | -36M | 31M | -2.2M |
| Changes in inventories |
|
30M | 79M | 43M | 16M | -62M |
| Cash change |
|
1B | 230M | 15M | 29M | 68M |
| Cash flow |
|
1.1B | 920M | 1.2B | 1B | 990M |
| Capital expenditures |
|
-370M | -290M | -390M | -220M | -260M |
| Investments |
|
• | • | • | • | • |
| Investing activity other |
|
• | • | • | • | • |
| Total investing cash flows |
|
-660M | 220M | -1.2B | -590M | -410M |
| Dividends paid |
|
• | • | • | • | • |
| Net borrowings |
|
-460M | -470M | 140M | -210M | -180M |
| Other financing cash flows |
|
• | • | • | • | • |
| Cash flow financing |
|
570M | -930M | 12M | -390M | -510M |
| Exchange rate effect |
|
• | • | • | • | • |
Analyst Recommendations
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Hormel Foods Corp. engages in the production of meat and food products. It operates business through the following segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International and Other. The Grocery Products segment consists primarily of the processing, marketing, and sale of shelf-stable food products sold in the retail market. The Refrigerated Foods segment involves in the processing, marketing, and sale of branded and unbranded pork, beef, and poultry products for retail, foodservice, deli, and commercial customers. The Jennie-O Turkey Store segment include processing, marketing, and sale of branded and unbranded turkey products for retail, foodservice, and fresh product customers. The International and Other segment comprises Hormel Foods International which manufactures, markets, and sells Company products internationally. The company was founded by George A. Hormel in 1891 and is headquartered in Austin, MN.