J M SMUCKER Co
For the period ended Jan 31, 2024. Filed Feb 27, 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 31, 2024 · Filed Feb 27, 2024
SJM$133.60+0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Statements of Consolidated Cash Flows
| Nine Months Ended January 31, | ||
|---|---|---|
| Dollars in millions | 2024 | 2023 |
| Operating Activities | ||
| Net income | $498.9 | $509.4 |
| Adjustments to reconcile net income to net cash provided by (used for) operations: | ||
| Depreciation | 170.7 | 172.0 |
| Amortization | 135.1 | 166.8 |
| Realized loss on investment in equity securities – net | 21.5 | — |
| Share-based compensation expense | 15.9 | 11.3 |
| Loss (gain) on divestitures – net | 12.9 | (1.6) |
| Deferred income tax expense (benefit) | (22.1) | — |
| Other noncash adjustments – net | 25.5 | 29.3 |
| Settlement of interest rate contracts | 42.5 | — |
| Defined benefit pension contributions | (2.8) | (72.8) |
| Changes in assets and liabilities, net of effect from acquisition and divestitures: | ||
| Trade receivables | (10.8) | (10.7) |
| Inventories | 55.3 | (154.6) |
| Other current assets | 13.2 | 69.4 |
| Accounts payable | (147.9) | 46.3 |
| Accrued liabilities | 61.8 | 26.2 |
| Income and other taxes | (43.5) | (39.9) |
| Other – net | (24.9) | (0.5) |
| Net Cash Provided by (Used for) Operating Activities | 801.3 | 750.6 |
| Investing Activities | ||
| Business acquired, net of cash acquired | (3,920.6) | — |
| Proceeds from sale of equity securities | 466.3 | — |
| Additions to property, plant, and equipment | (455.9) | (332.3) |
| Proceeds from divestitures – net | 50.5 | 1.6 |
| Other – net | (1.5) | 23.9 |
| Net Cash Provided by (Used for) Investing Activities | (3,861.2) | (306.8) |
| Financing Activities | ||
| Short-term borrowings (repayments) – net | 413.2 | (185.2) |
| Proceeds from long-term debt | 4,285.0 | — |
| Repayments of long-term debt | (1,441.0) | — |
| Capitalized debt issuance costs | (32.1) | — |
| Quarterly dividends paid | (325.5) | (321.8) |
| Purchase of treasury shares | (372.5) | (8.0) |
| Payment of assumed tax receivable agreement obligation | (86.4) | — |
| Other – net | (1.2) | 5.6 |
| Net Cash Provided by (Used for) Financing Activities | 2,439.5 | (509.4) |
| Effect of exchange rate changes on cash | 0.5 | (0.1) |
| Net increase (decrease) in cash and cash equivalents | (619.9) | (65.7) |
| Cash and cash equivalents at beginning of period | 655.8 | 169.9 |
| Cash and Cash Equivalents at End of Period | $35.9 | $104.2 |
( ) Denotes use of cash
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