HORMEL FOODS CORP DE
For the period ended Jan 28, 2024. Filed Feb 29, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jan 28, 2024 · Filed Feb 29, 2024
HRL$22.21-0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Condensed Statements of Financial Position
| In thousands, except share and per share amounts | January 28, 2024 | October 29, 2023 |
|---|---|---|
| Assets | ||
| Cash and Cash Equivalents | $963,212 | $736,532 |
| Short-term Marketable Securities | 18,712 | 16,664 |
| Accounts Receivable (Net of Allowance for Doubtful Accounts of $3,651 at January 28, 2024, and $3,557 at October 29, 2023) | 751,048 | 817,391 |
| Inventories | 1,578,191 | 1,680,406 |
| Prepaid Expenses and Other Current Assets | 56,001 | 46,256 |
| Total Current Assets | 3,367,164 | 3,297,249 |
| Goodwill | 4,931,257 | 4,928,464 |
| Other Intangibles | 1,753,156 | 1,757,171 |
| Pension Assets | 200,113 | 204,697 |
| Investments in Affiliates | 728,146 | 725,121 |
| Other Assets | 377,623 | 370,252 |
| Property, Plant, and Equipment | ||
| Land | 75,000 | 74,626 |
| Buildings | 1,464,811 | 1,458,354 |
| Equipment | 2,781,258 | 2,781,730 |
| Construction in Progress | 215,086 | 195,665 |
| Less: Allowance for Depreciation | (2,380,631) | (2,344,557) |
| Net Property, Plant, and Equipment | 2,155,524 | 2,165,818 |
| Total Assets | $13,512,983 | $13,448,772 |
| Liabilities and Shareholders’ Investment | ||
| Accounts Payable and Accrued Expenses | $744,116 | $823,076 |
| Accrued Marketing Expenses | 101,928 | 87,452 |
| Employee-related Expenses | 212,719 | 263,330 |
| Interest and Dividends Payable | 162,452 | 172,178 |
| Taxes Payable | 85,533 | 15,212 |
| Current Maturities of Long-term Debt | 954,031 | 950,529 |
| Total Current Liabilities | 2,260,779 | 2,311,776 |
| Long-term Debt Less Current Maturities | 2,357,176 | 2,358,719 |
| Pension and Post-retirement Benefits | 352,709 | 349,268 |
| Deferred Income Taxes | 500,581 | 498,106 |
| Other Long-term Liabilities | 193,172 | 191,917 |
| Shareholders’ Investment | ||
| Preferred Stock, Par Value $0.01 a Share — Authorized 160,000,000 Shares; Issued — None | — | — |
| Common Stock, Nonvoting, Par Value $0.01 a Share — Authorized 400,000,000 Shares; Issued — None | — | — |
| Common Stock, Par Value $0.01465 a Share — Authorized 1,600,000,000 Shares;Shares Issued as of January 28, 2024: 547,595,988Shares Issued as of October 29, 2023: 546,599,420 | 8,021 | 8,007 |
| Additional Paid-in Capital | 529,715 | 506,179 |
| Accumulated Other Comprehensive Loss | (250,783) | (272,252) |
| Retained Earnings | 7,557,157 | 7,492,952 |
| Hormel Foods Corporation Shareholders’ Investment | 7,844,111 | 7,734,885 |
| Noncontrolling Interest | 4,455 | 4,100 |
| Total Shareholders’ Investment | 7,848,566 | 7,738,985 |
| Total Liabilities and Shareholders’ Investment | $13,512,983 | $13,448,772 |
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