Hormel foods corporation (HRL)
Income statement / Yearly
Oct'19Oct'18Oct'17Oct'16Oct'15Oct'14Oct'13Oct'12Oct'11Oct'10Oct'09Oct'08
Net Sales

9,497

9,545

9,167

9,523

9,263

9,316

8,751

8,230

7,895

7,220

6,533

6,754

Cost of Products Sold

7,612

7,566

7,170

7,365

7,455

7,751

7,338

6,898

6,560

5,981

5,434

5,692

Gross Profit

1,884

1,979

1,996

2,158

1,808

1,564

1,412

1,331

1,334

1,238

1,098

1,061

Selling, General and Administrative

727

841

759

871

743

650

627

605

618

605

567

552

Goodwill/Intangible Impairment

0

17

0

0

21

0

-

-

-

-

-

-

Income (Loss) from Equity Method Investments

39

58

39

38

23

17

20

38

26

13

4

7

Operating Income

1,196

1,179

1,276

1,323

1,067

931

805

764

742

646

536

516

Other Income and Expense:
Interest and Investment Income

31

27

14

6

2

3

4

6

-0

4

19

-28

Interest Expense

18

26

12

12

13

12

12

12

22

26

27

28

Earnings Before Income Taxes

1,209

1,181

1,278

1,317

1,057

922

798

758

718

624

528

460

Provision for Income Taxes

230

168

431

426

369

316

268

253

239

224

182

172

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

979

1,012

847

890

687

606

530

504

479

399

345

288

Less: Net Earnings (Loss) Attributable to Noncontrolling Interest

0

0

0

0

1

3

3

4

5

4

3

3

Net Earnings Attributable to Hormel Foods Corporation

978

1,012

846

890

686

602

526

500

474

395

342

285

Net Earnings Per Share
Basic (in dollars per share)

1.83

1.91

1.60

1.68

1.30

1.14

1.99

1.90

1.78

1.48

1.28

2.11

Diluted (in dollars per share)

1.80

1.86

1.57

1.64

1.27

1.12

1.95

1.86

1.74

1.46

1.27

2.08

Weighted-average Shares Outstanding
Basic (in shares)

534

530

528

529

528

527

264

263

266

266

268

135

Diluted (in shares)

545

543

539

542

541

540

270

268

271

270

270

137