Hormel foods corporation (HRL)
CashFlow / Yearly
Oct'19Oct'18Oct'17Oct'16Oct'15Oct'14Oct'13Oct'12Oct'11Oct'10Oct'09Oct'08
Operating Activities
Net Earnings

979,148

1,012,582

847,103

890,517

687,264

606,026

530,076

504,961

479,196

399,776

345,978

288,635

Adjustments to Reconcile to Net Cash Provided by Operating Activities:
Depreciation

153,182

149,205

122,594

123,581

125,292

120,692

115,371

110,519

114,689

115,059

116,774

114,636

Amortization

12,027

12,653

8,383

8,387

8,142

9,352

9,479

8,975

9,476

10,532

10,364

11,553

Goodwill/Intangible Impairment

0

17,279

180

991

21,537

0

-

-

-

-

-

-

Equity in Earnings of Affiliates

39,201

58,972

39,590

38,685

-13,438

-5,246

-13,507

1,583

22,726

13,126

4,793

7,370

Distribution from Equity Method Investees

22,500

30,023

27,521

46,190

-

-

-

-

-

-

-

-

Provision for Deferred Income Taxes

28,641

-7,441

62,166

44,327

19,979

9,800

1,067

4,668

6,752

29,429

-311

-9,713

(Gain) Loss on Property/Equipment Sales and Plant Facilities

811

2,867

-322

-80

5,240

1,667

2,127

170

632

394

-128

-1,929

Gain (Loss) on Disposition of Business

16,469

0

0

-

-

-

-

-

-

-

-

-

Gain on Insurance Proceeds

0

0

3,914

0

-

-

-

-

-

-

-

-

Gain on dissolution of joint venture

-

-

-

-

-

-

-

-

-

-

3,591

0

Non-cash Investment Activities

20,180

7,908

4,864

1,287

847

1,387

2,705

3,514

-3,995

1,760

3,555

-32,966

Stock-based Compensation Expense

19,707

20,595

15,591

17,829

15,717

14,393

17,596

16,710

17,229

14,402

12,054

14,460

Excess tax benefit from stock-based compensation

-

-

-

-

22,950

24,700

23,406

8,847

15,205

10,298

1,313

10,170

Changes in Operating Assets and Liabilities, Net of Acquisitions:
Decrease (Increase) in Accounts Receivable

11,146

-36,133

29,717

-20,904

-22,451

20,486

44,459

45,931

30,171

58,647

-38,718

42,844

(Increase) Decrease in Inventories

123,843

8,293

-41,028

12,281

-82,437

21,645

-31,699

64,698

92,052

73,909

-62,116

135,308

(Increase) Decrease in Prepaid Expenses and Other Current Assets

10,105

4,771

22,459

-13,235

-20,519

-11,592

9,792

-7,194

-10,513

-39,289

-61,470

25,391

Increase (Decrease) in Pension and Post-retirement Benefits

-10,416

-13,216

-13,275

-34,510

-28,999

-32,644

11,283

-10,019

5,197

-35,265

-85,947

3,920

(Decrease) Increase in Accounts Payable and Accrued Expenses

-44,109

48,376

-2,553

-40,783

-7,429

72,307

-10,747

-484

3,732

62,849

10,676

34,319

Increase (Decrease) in Net Income Taxes Payable

-15,929

18,351

25,369

1,525

42,116

-

-

-

-

-

-

-

Other

-

-

-

-

1,435

-

-963

-

-486

-7,595

0

0

Sale of available-for-sale securities

-

-

-

-

-

-

-

-

-

-

6,270

151,308

Purchase of available-for-sale securities

-

-

-

-

-

-

-

-

-

-

2,371

155,207

Net Cash Provided by Operating Activities

922,996

1,241,729

1,033,885

1,040,020

991,992

746,879

637,805

517,781

490,479

485,532

558,768

271,622

Investing Activities
Net (Purchase) Sale of Securities

14,496

0

0

-

-

-

-

-

-

-

-

-

Proceeds from Sale of Business

479,806

0

135,944

110,149

-

-

-

-

-

-

-

-

Net sale of trading securities

-

-

-

-

-

-

77,558

-

-20,000

-50,000

0

0

Acquisitions of Businesses/Intangibles

0

857,668

520,463

280,889

770,587

466,204

665,415

168

7,207

28,104

701

27,225

Purchases of Property/Equipment

293,838

389,607

221,286

255,524

144,063

159,138

106,762

132,303

96,911

89,823

96,961

125,890

Proceeds from Sales of Property/Equipment

37,402

9,749

3,754

6,227

18,501

10,285

10,164

4,564

4,386

4,915

5,003

3,185

(Increase) Decrease in Investments, Equity in Affiliates, and Other Assets

6,479

7,546

-5,095

-10,214

-4,798

-1,718

-6,619

21,143

-51,253

-95,464

3,532

-1,366

Proceeds from Company-owned Life Insurance

17,758

9,704

5,323

1,349

-

-

-

-

-

-

-

-

Proceeds from Insurance Recoveries

0

0

4,454

0

-

-

-

-

-

-

-

-

Distributions from affiliates

-

-

-

-

-

-

-

-

-

-

0

-

Dividends from affiliates

-

-

-

-

-

-

-

-

-

-

-

-970

Net Cash (Used in) Provided by Investing Activities

220,153

-1,235,368

-587,179

-408,474

-900,947

-616,775

-691,074

-106,764

-170,985

-258,476

-85,228

-154,225

Financing Activities
Net Proceeds from Short-term Debt

-

-

-

-

350,000

115,000

-

-

-

-

-

160,000

Principal payments on short-term debt

-

-

-

185,000

165,000

115,000

-

-

-

-

100,000

130,000

Proceeds from Long-term Debt

0

375,000

0

0

-

-

-

-

247,564

-

0

-

Principal Payments on Long-term Debt

374,840

160

0

0

-

-

-

-

350,000

-

0

54

Dividends Paid on Common Stock

437,053

388,107

346,010

296,493

250,834

203,156

174,320

152,204

129,975

109,374

101,376

95,531

Share Repurchase

174,246

46,898

94,487

87,885

24,928

58,937

70,819

61,366

152,930

69,574

38,147

69,551

Proceeds from Exercise of Stock Options

59,900

71,800

21,700

12,075

10,468

10,523

30,212

14,700

53,780

22,884

2,387

11,297

Excess tax benefit from stock-based compensation

-

-

-

-

22,950

24,700

23,406

8,847

15,205

10,298

1,313

10,170

Distribution to noncontrolling interest

-

-

-

-

1,581

2,500

4,000

3,500

8,000

-

7,999

0

Payments to noncontrolling interest

-

-

-

-

11,702

-

-

-

-

-

-

-

Proceeds from noncontrolling interest

-

-

-

-

-

-

-

774

-

-

-

-

Other

-

-

-

-

-

-

-

-

-1,146

-

756

1,301

Net Cash (Used in) Provided by Financing Activities

-926,244

11,638

-418,771

-557,303

-70,627

-229,370

-195,521

-192,749

-325,502

-145,766

-243,066

-112,368

Effect of Exchange Rate Changes on Cash

-3,140

-2,985

1,044

-6,339

-7,353

-574

416

990

1,293

1,303

-

-

Increase (Decrease) in Cash and Cash Equivalents

213,765

15,014

28,979

67,904

13,065

-99,840

-248,374

219,258

-4,715

82,593

230,474

5,029