HORMEL FOODS CORPORATION HRL Income Statement

Hormel foods corporation (HRL)

Income statement / TTM

Jan'20	Oct'19	Jul'19	Apr'19	Jan'19	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Jan'11	Oct'10	Jul'10	Apr'10	Jan'10	Jul'09
Net Sales
9,521	9,497	9,520	9,588	9,574	9,545	9,513	9,361	9,218	9,167	9,302	9,397	9,510	9,523	9,296	9,182	9,161	9,263	9,406	9,503	9,468	9,316	9,095	8,970	8,878	8,751	8,598	8,447	8,307	8,230	8,164	8,066	8,012	7,895	7,854	7,674	7,414	7,220	6,732	0	0	0
Cost of Products Sold
7,656	7,612	7,596	7,643	7,605	7,566	7,562	7,413	7,275	7,170	7,212	7,284	7,358	7,365	7,241	7,193	7,239	7,455	7,669	7,811	7,857	7,751	7,568	7,477	7,410	7,338	7,219	7,091	6,968	6,898	6,848	6,759	6,715	6,560	6,501	6,333	6,120	5,981	5,588	0	0	0
Gross Profit
1,864	1,884	1,924	1,945	1,969	1,979	1,951	1,948	1,942	1,996	2,090	2,113	2,152	2,158	2,054	1,988	1,921	1,808	1,737	1,691	1,610	1,564	1,526	1,493	1,467	1,412	1,379	1,355	1,338	1,331	1,316	1,306	1,297	1,334	1,353	1,340	1,294	1,238	1,144	0	0	0
Selling, General and Administrative
729	727	749	780	814	841	827	792	768	759	811	842	872	871	816	794	773	743	720	689	665	650	632	630	637	627	639	633	609	605	602	614	625	618	628	618	604	605	580	0	0	0
Goodwill/Intangible Impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Equity Method Investments
35	39	36	46	46	58	62	53	49	39	38	41	40	38	35	35	33	23	21	18	14	17	13	11	15	20	28	36	37	38	36	31	30	26	23	19	17	13	10	0	0	0
Operating Income
1,170	1,196	1,194	1,194	1,184	1,179	1,186	1,209	1,223	1,276	1,316	1,311	1,319	1,323	1,250	1,207	1,160	1,067	1,038	1,021	960	931	908	874	844	805	767	759	766	764	749	724	702	742	747	741	706	646	573	0	0	0
Other Income and Expense:
Interest and Investment Income
37	31	33	35	26	27	27	19	20	14	8	10	10	6	4	2	-0	2	3	4	3	3	4	2	4	4	4	5	6	6	1	0	0	-0	4	5	4	4	8	0	0	0
Interest Expense
15	18	21	26	27	26	23	18	14	12	12	12	12	12	13	13	13	13	12	12	12	12	12	12	12	12	12	12	12	12	12	15	19	22	26	27	26	26	26	0	0	0
Earnings Before Income Taxes
1,192	1,209	1,207	1,204	1,183	1,181	1,189	1,210	1,229	1,278	1,313	1,309	1,317	1,317	1,241	1,195	1,147	1,057	1,028	1,013	950	922	901	865	836	798	759	752	760	758	737	709	683	718	726	719	684	624	555	0	0	0
Provision for Income Taxes
212	230	222	208	232	168	220	268	314	431	440	423	427	426	407	410	397	369	357	349	326	316	308	297	283	268	253	247	254	253	248	233	225	239	243	249	247	224	200	0	0	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
980	979	985	996	950	1,012	969	941	915	847	872	886	890	890	833	784	750	687	671	663	623	606	592	567	553	530	505	504	506	504	489	476	458	479	483	469	437	399	355	0	0	0
Less: Net Earnings (Loss) Attributable to Noncontrolling Interest
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	1	2	2	3	3	3	3	3	4	5	5	4	4	4	4	5	5	4	4	4	3	0	0	0
Net Earnings Attributable to Hormel Foods Corporation
980	978	984	995	950	1,012	968	941	914	846	872	885	890	890	833	784	749	686	670	661	621	602	588	564	549	526	501	499	501	500	484	472	453	474	478	464	433	395	351	0	0	0
Net Earnings Per Share
Basic (in dollars per share)
0.45	0.48	0.37	0.53	0.45	0.49	0.40	0.45	0.57	0.41	0.35	0.40	0.44	0.46	0.37	0.41	0.44	0.35	0.28	0.34	0.33	-0.49	0.52	0.53	0.58	0.60	0.43	0.47	0.49	0.50	0.42	0.49	0.49	0.44	0.37	0.41	0.56	0.45	0.32	0.29	0.42	0.57
Diluted (in dollars per share)
0.45	0.47	0.37	0.52	0.44	0.47	0.39	0.44	0.56	0.40	0.34	0.39	0.44	0.45	0.36	0.40	0.43	0.35	0.27	0.33	0.32	-0.48	0.51	0.52	0.57	0.59	0.42	0.46	0.48	0.49	0.41	0.48	0.48	0.43	0.36	0.40	0.55	0.44	0.32	0.29	0.41	0.57
Weighted-average Shares Outstanding
Basic (in shares)
535	534	534	535	534	533	530	529	529	527	528	528	528	528	529	529	528	528	528	528	527	1,318	263	263	263	263	264	264	263	262	263	263	263	264	266	267	266	266	266	267	267	134
Diluted (in shares)
544	543	543	546	547	545	543	542	543	537	538	539	540	541	542	543	542	541	541	540	540	1,350	270	270	270	270	270	270	269	268	268	269	269	270	272	272	271	270	270	271	270	135
DIVIDENDS DECLARED PER SHARE (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.17	0.17	0.17	-	0.14	0.14	0.14	-	0.12	0.12	0.12	-	0.20	0.20	0.20	-	0.17	0.17	0.17	-	0.15	0.15	0.15	-	0.12	0.12	0.12	-	0.10	0.10	0.10	0.19