Hormel Foods Corporation (HRL) Financial Statements (2025 and earlier)

Company Profile

Business Address 1 HORMEL PL
AUSTIN, MN 55912-3680
State of Incorp. DE
Fiscal Year End October 31
Industry (SIC) 2011 - Meat Packing Plants (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

1/31/2025
MRQ
10/31/2024
10/31/2023
10/31/2022
10/31/2021
10/31/2020
10/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7677539986351,732688
Cash and cash equivalent7427379826141,714673
Short-term investments251716211715
Receivables868825875904744594
Inventory, net of allowances, customer advances and progress billings1,5761,6801,7161,3691,0731,042
Inventory1,5761,6801,7161,3691,0731,042
Prepaid expense    251823
Other current assets    151214
Other undisclosed current assets353948 (0) 
Total current assets:3,2463,2973,6372,9483,5792,361
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 3038465361 
Operating lease, right-of-use asset 148132747253 
Property, plant and equipment3042702913894321,629
Long-term investments and receivables719725271299308289
Long-term investments719725271299308289
Intangible assets, net (including goodwill)6,6566,6866,7296,7513,6893,516
Goodwill4,9234,9284,9264,9292,6132,482
Intangible assets, net (excluding goodwill)1,7331,7571,8031,8221,0761,034
Other noncurrent assets412370283300250178
Other undisclosed noncurrent assets1,9191,9301,9771,8841,535136
Total noncurrent assets:10,18810,1529,6709,7496,3295,748
TOTAL ASSETS:13,43513,44913,30712,6969,9088,109
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8028231,3511,2921,137984
Interest and dividends payable✕✕✕164155133113
Taxes payable✕✕✕3324226
Employee-related liabilities✕✕✕279269278214
Accounts payable736771817793645590
Accrued liabilities665259515962
Debt159591717267 
Other undisclosed current liabilities582530105106100121
Total current liabilities:1,3992,3121,4731,4161,5041,105
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,8712,3863,2913,3151,098250
Long-term debt, excluding current maturities2,8512,3593,2913,3151,045250
Finance lease, liability 2027364553 
Other undisclosed long-term debt and lease obligation   (92)(101)  
Liabilities, other than long-term debt1,1801,0391,003987929828
Deferred income tax liabilities589498475278219177
Liability, pension and other postretirement and postemployment benefits380349386546553536
Other liabilities211192142163157115
Operating lease, liability   5657  
Other undisclosed noncurrent liabilities(20)(27)0 (53) 
Total noncurrent liabilities:4,0313,3984,2934,3021,9741,078
Total liabilities:5,4315,7105,7675,7183,4782,183
Equity
Equity, attributable to parent, including:7,9937,7357,5356,9736,4265,921
Common stock    888
Additional paid in capital571506469360290185
Accumulated other comprehensive loss(263)(272)(256)(277)(395)(400)
Retained earnings7,6787,4937,3136,8826,5236,128
Other undisclosed equity, attributable to parent888   
Equity, attributable to noncontrolling interest1145554
Other undisclosed equity0 (0)(0)  
Total equity:8,0047,7397,5406,9786,4305,926
TOTAL LIABILITIES AND EQUITY:13,43513,44913,30712,6969,9088,109

Income Statement (P&L) ($ in millions)
Annual | Quarterly

1/31/2025
TTM
10/31/2024
10/31/2023
10/31/2022
10/31/2021
10/31/2020
10/31/2019
Revenues11,92112,11012,45911,3869,6089,497
Cost of revenue
(Cost of Product and Service Sold)		(9,899)(10,110)(10,294)(9,458)(7,782)(7,613)
Other undisclosed gross profit    (0) 
Gross profit:2,0222,0002,1651,9281,8261,885
Operating expenses(1,005)(971)(879)(853)(761)(728)
Other undisclosed operating income514327483639
Operating income:1,0681,0721,3131,1231,1001,196
Nonoperating income481528473632
Investment income, nonoperating481528   
Interest and debt expense(81)(73)(63)(43)(21)(18)
Income from continuing operations before equity method investments, income taxes:1,0351,0131,2781,1261,1151,210
Other undisclosed income (loss) from continuing operations before income taxes  (0)   
Income from continuing operations before income taxes:1,0351,0131,2781,1261,1151,210
Income tax expense(231)(221)(278)(217)(206)(231)
Income from continuing operations:8057931,000909908979
Income before gain (loss) on sale of properties:✕✕✕1,000909908979
Other undisclosed net loss   (0)  
Net income:8057931,000909908979
Net income (loss) attributable to noncontrolling interest01(0)(0)(0)(0)
Other undisclosed net loss attributable to parent  (0)    
Net income available to common stockholders, diluted:8057941,000909908979

Comprehensive Income ($ in millions)
Annual | Quarterly

1/31/2025
TTM
10/31/2024
10/31/2023
10/31/2022
10/31/2021
10/31/2020
10/31/2019
Net income:8057931,000909908979
Other comprehensive income (loss)9(17)211185(102)
Other undisclosed comprehensive income (loss) (0)    
Comprehensive income:8147761,0211,028913877
Comprehensive income (loss), net of tax, attributable to noncontrolling interest011(1)(1)(0)
Other undisclosed comprehensive loss, net of tax, attributable to parent      
Comprehensive income, net of tax, attributable to parent:8147771,0221,027912877

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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