CAL-MAINE FOODS INC

Condensed Consolidated Balance Sheets

(In thousands, except for par value amounts)

Assets

Current assets:

Cash and cash equivalents

$

367,123

$

292,824

Investment securities available-for-sale

327,720

355,090

Trade and other receivables, net

212,851

120,247

Income tax receivable

33,771

66,966

Inventories

269,244

284,418

Prepaid expenses and other current assets

6,883

5,380

assets

1,217,592

1,124,925

Property, plant &

equipment, net

826,573

744,540

Investments in unconsolidated entities

16,388

14,449

45,776

44,006

Intangible assets, net

16,534

15,897

Other long-term assets

10,666

10,708

Total Assets

$

2,133,529

$

1,954,525

Liabilities and Stockholders’ Equity

Current liabilities:

Accounts payable

$

95,610

$

82,590

Accrued wages and benefits

25,721

38,733

Accrued income taxes payable

30,113

8,288

Dividends payable

48,891

37,130

Accrued expenses and other liabilities

15,354

15,990

215,689

182,731

Other noncurrent liabilities

30,740

9,999

Deferred income taxes, net

166,141

152,212

Total liabilities

412,570

344,942

Commitments and contingencies - see Note 10

—

—

Stockholders’ equity:

Common stock ($

0.01

par value):

Common stock - authorized

120,000

shares, issued

70,261

shares

Class A convertible common stock - authorized and issued

4,800

shares

Paid-in capital

75,226

72,112

Retained earnings

1,571,112

Accumulated other comprehensive loss, net of tax

(1,514)

(2,886)

Common stock in treasury at cost –

26,022

shares at March 2, 2024 and

26,077

shares

at June 3, 2023

(30,008)

Total Cal-Maine Foods,

Inc. stockholders’ equity

1,723,752

1,611,081

Noncontrolling interest in consolidated entity

(2,793)

(1,498)

Total stockholders’

equity

1,609,583

Total Liabilities and Stockholders’

Equity

$

2,133,529

$

1,954,525

Index