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HRL Financial Statements and Analysis

NYSE : HRL

Hormel Foods Corporation

$29.65
0.8+2.77%
At Close 4:00 PM
65.92
BESG ScoreESG Rating

HRL FINANCIAL STATEMENTS

An instrumental part of fundamental analysis is measuring key indicators of an asset, which are the factors that can influence its value and price. However, sometimes investors show more interest in financial statements with other factors to determine whether investing in that company is the right decision. Financial statements of a company include:

  • Balance Sheet
  • Income Statement
  • Cash Flow Statement

HRL Income Statement

A company's income statement helps investors and business owners determine whether the company is profitable or losing money. Profitability is a key factor investors consider before investing in a stock. Income statements provide them with information about a company's profitability over time. The statement also enables them to observe trends in company spending and earnings since it breaks down individual costs and revenues. Income statements also provide details on where a company's money is going when it isn't profitable or its profits fluctuate.

Date2024-10-272024-07-282024-04-282024-01-282023-10-29
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202420242023
periodQ4Q3Q2Q1Q4
revenue3.138B2.898B2.887B2.997B3.198B
cost of revenue2.617B2.41B2.384B2.469B2.684B
gross profit521.23M488.369M503.139M528.341M514.424M
gross profit ratio0.1660.1680.1740.1760.161
research and development expenses000033.70M
general and administrative expenses150.747M190.373M210.918M196.386M600.621M
selling and marketing expenses35.30M40.00M44.00M44.00M-125.00M
selling general and administrative expenses238.587M259.653M254.918M240.386M216.546M
other expenses-11.837M0000
operating expenses226.75M259.653M254.918M240.386M216.546M
cost and expenses2.844B2.662B2.639B2.709B2.90B
interest income4.98M10.484M13.497M19.434M-5.872M
interest expense19.43M21.459M21.679M18.573M24.232M
depreciation and amortization66.402M63.658M63.629M64.067M68.851M
ebitda365.862M311.081M324.361M368.186M367.271M
ebitda ratio0.1170.1070.1080.1170.115
operating income294.48M236.693M248.221M287.955M270.037M
operating income ratio0.0940.0820.0860.0960.084
total other income expenses net-14.45M-10.974M-8.181M1.109M-27.842M
income before tax280.03M225.719M244.139M285.547M245.805M
income before tax ratio0.0890.0780.0850.0950.077
income tax expense60.07M48.984M54.931M66.818M50.322M
net income220.196M176.701M189.278M218.863M195.935M
net income ratio0.070.0610.0660.0730.061
eps0.400.320.350.400.36
eps diluted0.400.320.350.400.36
weighted average shs out548.129M548.685M547.868M547.02M546.517M
weighted average shs out dil548.832M549.266M548.685M547.92M548.249M
Graph

HRL Balance Sheet

Balance sheet summarizes a company's financials and can be used as a basis by investors to determine the value of a company. It shows the value of the stock, as well as the assets and liabilities of the company. A company's balance sheet displays how its assets are put to use and how those assets are financed, based on the liabilities section. Both investors and analysts analyze a company's balance sheet to determine how it allocates its resources.

Date2024-10-272024-07-282024-04-282024-01-282023-10-29
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202420242023
periodQ4Q3Q2Q1Q4
cash and cash equivalents741.881M537.476M1.486B963.212M736.532M
short term investments24.742M24.454M23.074M18.712M16.664M
cash and short term investments766.623M561.93M1.509B981.924M753.196M
net receivables868.288M727.054M731.984M751.048M824.633M
inventory1.576B1.65B1.674B1.578B1.68B
other current assets35.265M58.813M61.593M56.001M39.014M
total current assets3.246B2.997B3.977B3.367B3.297B
property plant equipment net2.195B2.169B2.163B2.156B2.166B
goodwill4.923B4.924B4.929B4.931B4.928B
intangible assets1.733B1.744B1.749B1.753B1.757B
goodwill and intangible assets6.656B6.667B6.678B6.684B6.686B
long term investments719.481M680.386M710.029M728.146M725.121M
tax assets00504.907M500.581M498.106M
other non current assets617.853M600.072M102.982M77.154M76.843M
total non current assets10.188B10.116B10.159B10.146B10.152B
other assets00000
total assets13.435B13.114B14.135B13.513B13.449B
account payables735.604M675.167M691.498M656.342M771.397M
short term debt7.813M8.232M957.292M954.031M950.529M
tax payables21.916M18.513M53.573M85.533M15.212M
deferred revenue0053.573M85.533M589.851M
other current liabilities633.966M607.834M602.448M564.873M-1.00K
total current liabilities1.399B1.31B2.305B2.261B2.312B
long term debt2.851B2.852B2.884B2.391B2.359B
deferred revenue non current0000349.268M
deferred tax liabilities non current589.366M499.098M504.907M500.581M498.106M
other non current liabilities591.11M576.091M544.827M511.943M191.918M
total non current liabilities4.031B3.927B3.934B3.404B3.398B
other liabilities00000
capital lease obligations029.60M31.772M33.938M136.725M
total liabilities5.431B5.237B6.239B5.664B5.71B
preferred stock00000
common stock8.037M8.033M8.028M8.021M8.007M
retained earnings7.678B7.613B7.591B7.557B7.493B
accumulated other comprehensive income loss-263.331M-314.373M-262.325M-250.782M-272.252M
other total stockholders equity571.177M560.849M549.13M529.715M510.278M
total stockholders equity7.993B7.867B7.886B7.844B7.739B
total equity8.004B7.877B7.896B7.849B7.743B
total liabilities and stockholders equity13.435B13.114B14.135B13.513B13.449B
minority interest10.59M10.106M10.462M4.455M4.10M
total investments744.223M704.84M733.103M746.858M741.785M
total debt2.859B2.86B3.81B3.311B3.309B
net debt2.117B2.322B2.324B2.348B2.573B
Graph

HRL Cash Flow

A cash flow statement is regarded as a valuable indicator of profitability and the long-term outlook for a company. It assists the company in evaluating whether it has sufficient funds to cover its expenses. Essentially, a cash flow statement represents an organization's financial health. The cash flow statement, which measures the business's ability to operate in the short as well as long term, is broken down into operating, investing, and financing activities.

Date2024-07-282024-04-282024-01-282023-10-292023-07-30
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202420232023
periodQ3Q2Q1Q4Q3
deferred income tax-954.00K-289.00K-179.00K32.067M206.00K
stock based compensation5.107M10.561M4.444M3.131M5.034M
change in working capital-34.835M-36.789M115.401M-45.386M73.678M
accounts receivables1.743M19.591M68.094M-32.425M-24.706M
inventory23.21M-96.508M103.894M56.25M6.774M
accounts payables-17.709M54.564M-132.229M-9.315M74.014M
other working capital-42.079M-14.436M75.642M-59.896M17.596M
other non cash items133.491M169.931M1.383M64.945M758.00K
net cash provided by operating activities217.989M236.148M403.979M319.091M317.001M
investments in property plant and equipment-65.481M-59.965M-47.21M-101.681M-77.678M
acquisitions net35.00K6.617M288.00K-514.00K212.00K
purchases of investments-6.838M-4.985M-964.00K-507.00K210.00K
sales maturities of investments001.00K514.00K-210.00K
other investing activites8.101M-1.00K11.00K1.133M46.00K
net cash used for investing activites-64.183M-58.334M-47.874M-101.055M-77.42M
debt repayment-952.277M-494.389M-2.249M-2.243M-2.208M
common stock issued6.325M8.561M18.898M3.529M5.934M
common stock repurchased00-280.00K-3.529M-5.934M
dividends paid-154.943M-154.741M-150.294M-150.372M-149.944M
other financing activites39.187M5.123M280.00K3.529M7.914M
net cash used provided by financing activities-1.101B348.209M-133.645M-149.086M-144.238M
effect of forex changes on cash-1.806M-2.865M4.218M-1.541M-6.715M
net change in cash-948.892M523.156M226.68M67.408M88.628M
cash at end of period537.476M1.486B963.212M736.532M669.124M
cash at beginning of period1.486B963.212M736.532M669.124M580.496M
operating cashflow217.989M236.148M403.979M319.091M317.001M
capital expenditure-65.481M-59.965M-47.21M-101.681M-77.678M
free cash flow152.508M176.183M356.769M217.41M239.323M
Graph

Frequently Asked Questions

How did Hormel Foods Corporation do last quarter? What was its Total Revenue and Cost of Revenue?

A company's Total Revenue reveals how much money it generates before any expenses or deductions are made. As a result, this metric informs investors/stakeholders how much money the business makes. Tracking and understanding it is essential for evaluating a company's growth. As opposed to revenue, Cost of Revenue is any expenses a business incur to generate revenue. There can be high revenue in a business, but if the costs are high, it won't make a profit and will go out of business when money runs out. Therefore, HRL generated $3.14B in revenue last quarter, while its costs came in at $2.62B.

Last quarter, how much Gross Profit did Hormel Foods Corporation report?

A business's Gross Profit is a key indicator of its profitability and financial performance. In other words, it reflects how efficiently a business uses labor, raw materials, and other resources. Hormel Foods Corporation reported a $521.23M Gross Profit for the quarter ended Jul 28, 2024.

Have HRL's Total Operating Expenses and Operating Income been favorable recently?

Operational Expenses represent the costs a company must incur to generate revenue, which is the ultimate goal of a business, whereas Operating Income shows the revenue left after operational direct and indirect costs have been deducted. HRL incurred $226.75M worth of Operating Expenses, while it generated $294.48M worth of Operating Income.

How much Net Income has HRL posted recently?

The Net Income of a company is one of the factors investors consider when investing in the company. According to recent earnings report from Hormel Foods Corporation, the company generated $220.20M in Net Income. When a company has a history of consistent net income, investors are more likely to invest in it since they know they will get a return.

At the end of the last quarter, how much Cash and Equivalents did Hormel Foods Corporation have?

The amount of Cash and Cash Equivalents is an effective indicator of the financial strength and well-being of a company. An excess cash situation occurs when a company has more cash and cash equivalents than it needs for operating activities. The amount of Cash and Cash Equivalents available to Hormel Foods Corporation as of the end of the last quarter was $741.88M.

What are HRL's Total Net Receivables for the last quarter?

Total Net Receivables are a company's outstanding debts to its customers. Therefore, it refers to the amount that a company expects to collect from its customers. The higher a company's net receivables are, the more confident it is that it can collect money from its debtors. As of the end of the last quarter, HRL had Total Net Receivables of $868.29M.

In terms of Total Assets and Current Assets, where did Hormel Foods Corporation stand at?

An asset with an economic value within a year is considered a current asset. Total assets, however, also include long-term fixed assets, intangible assets, and other non-current assets. The current Assets of HRL were $3.25B, while the Total Assets stand at $13.43B.

As of the last quarter, how much Total Debt did Hormel Foods Corporation have?

The total debt of a business refers to how much it borrows. A company's current and long-term liabilities are added together to calculate its Total Debt. A debt ratio may be taken into account on a balance sheet by financial lenders, investors, and business leaders when making informed decisions about future loans or investments. The total amount of HRL's debt was $2.86B at the end of the last quarter.

What were HRL's Total Liabilities during the last reported quarter?

A company's total liabilities are the sum of all debts it is liable for, including any off-balance shee liabilities it may incur. This can be calculated by adding up all short-term and long-term liabilities. In its last quarter, HRL reported total liabilities of $5.43B.

How much did HRL's Working Capital change over the last quarter?

Working Capital Change for HRL was -$34.84M over the last quarter. Working Capital Change refers to the difference between net working capital amounts at the end of one accounting period and the end of another. It tells investors/stakeholders how much the company's cash flow will differ from its Net Income (i.e., after-tax profits). More powerful companies often have positive Change in Working Capital numbers as they have increased control over collecting cash from customers and delaying payments to suppliers.

HRL generated how much cash from operating activities?

An operating cash flow statement usually contains cash from operating activities in the first section. An organization's cash from operating activities refers to the money it takes in and takes out as a result of its regular business operations. HRL generated $217.99M of Cash from Operating Activities during its recently reported quarter.

What was HRL's latest reported Net Change in Cash?

An increase or decrease in cash and cash equivalent balances within a specified period is considered the net change in cash in a cash flow statement. Furthermore, it takes into account cash changes as a result of investments, financing, and operating activities. HRL reported a -$948.89M Net Change in Cash in the most recent quarter.

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