Sanderson Farms, Inc. (SAFM) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
225 N 13TH AVE LAUREL, MS 39441 |
| State of Incorp. | MS |
| Fiscal Year End | October 31 |
| Industry (SIC) | 2015 - Poultry Slaughtering and Processing (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 4/30/2022 MRQ | 10/31/2021 | 10/31/2020 | 10/31/2019 | 10/31/2018 | 10/31/2017 | 10/31/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 439 | 49 | 95 | 121 | 419 | 234 | |||
| Cash and cash equivalents | 439 | 49 | 95 | 121 | 419 | 234 | |||
| Receivables | 233 | 182 | 139 | 162 | 139 | 124 | |||
| Inventory, net of allowances, customer advances and progress billings | 351 | 290 | 290 | 240 | 253 | 220 | |||
| Inventory | 351 | 290 | 290 | 240 | 253 | 220 | |||
| Prepaid expense | 63 | 58 | 57 | 43 | 39 | 35 | |||
| Total current assets: | 1,086 | 578 | 581 | 566 | 850 | 613 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 28 | 41 | ✕ | ✕ | ✕ | ||||
| Property, plant and equipment | 1,224 | 1,225 | 1,186 | 1,088 | 877 | 804 | |||
| Other noncurrent assets | 6 | 5 | 7 | 5 | 7 | 5 | |||
| Total noncurrent assets: | 1,259 | 1,271 | 1,193 | 1,093 | 884 | 809 | |||
| TOTAL ASSETS: | 2,345 | 1,849 | 1,774 | 1,659 | 1,733 | 1,423 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 297 | 210 | 216 | 199 | 199 | 148 | |||
| Taxes payable | 7 | 17 | |||||||
| Accounts payable | 152 | 111 | 133 | 129 | 91 | 73 | |||
| Accrued liabilities | 144 | 99 | 83 | 70 | 101 | 58 | |||
| Other undisclosed current liabilities | 12 | 14 | |||||||
| Total current liabilities: | 309 | 224 | 216 | 199 | 199 | 148 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 16 | 52 | 55 | ||||||
| Long-term debt, excluding current maturities | 25 | 55 | |||||||
| Liabilities, other than long-term debt | 170 | 154 | 86 | 10 | 10 | 9 | |||
| Deferred income tax liabilities | 157 | 142 | 74 | ✕ | ✕ | ✕ | |||
| Operating lease, liability | 16 | 27 | ✕ | ✕ | ✕ | ||||
| Self insurance reserve | 13 | 12 | 12 | 10 | 10 | 9 | |||
| Total noncurrent liabilities: | 186 | 206 | 141 | 10 | 10 | 9 | |||
| Total liabilities: | 495 | 430 | 356 | 209 | 208 | 157 | |||
| Equity | |||||||||
| Equity, attributable to parent | 1,850 | 1,419 | 1,418 | 1,388 | 1,433 | 1,190 | |||
| Common stock | 22 | 22 | 22 | 22 | 23 | 23 | |||
| Additional paid in capital | 106 | 90 | 86 | 81 | 135 | 126 | |||
| Retained earnings | 1,722 | 1,307 | 1,309 | 1,285 | 1,275 | 1,042 | |||
| Total equity: | 1,850 | 1,419 | 1,418 | 1,388 | 1,433 | 1,190 | |||
| Other undisclosed liabilities and equity | 63 | 92 | 76 | ||||||
| TOTAL LIABILITIES AND EQUITY: | 2,345 | 1,849 | 1,774 | 1,659 | 1,733 | 1,423 | |||
Income Statement (P&L) ($ in millions)
| 4/30/2022 TTM | 10/31/2021 | 10/31/2020 | 10/31/2019 | 10/31/2018 | 10/31/2017 | 10/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 4,800 | 3,564 | 3,440 | 3,315 | 3,342 | 2,816 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | 3,342 | 2,816 | |
| Cost of revenue | (3,905) | (3,370) | (3,161) | (2,984) | (2,701) | (2,362) | ||
| Cost of goods and services sold | (3,905) | (3,370) | (3,158) | (2,975) | (2,701) | (2,362) | ||
| Gross profit: | 895 | 194 | 279 | 331 | 642 | 454 | ||
| Operating expenses | (296) | (206) | (211) | (222) | (216) | (160) | ||
| Other undisclosed operating loss | (0) | (79) | ||||||
| Operating income (loss): | 599 | (12) | 68 | 30 | 425 | 294 | ||
| Nonoperating income (expense) | (2) | (5) | (4) | 1 | (1) | (1) | ||
| Investment income, nonoperating | 0 | 0 | 3 | 1 | 0 | |||
| Interest and debt expense | (3) | (5) | (4) | (2) | (2) | (2) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 5 | 4 | 2 | 2 | 2 | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | 594 | (16) | 64 | 31 | 425 | 293 | ||
| Other undisclosed income from continuing operations before income taxes | 3 | |||||||
| Income (loss) from continuing operations before income taxes: | 596 | (16) | 64 | 31 | 425 | 293 | ||
| Income tax expense (benefit) | (141) | 45 | (11) | 31 | (145) | (104) | ||
| Income from continuing operations: | 455 | 28 | 53 | 61 | 280 | 189 | ||
| Income before gain (loss) on sale of properties: | ✕ | 455 | 28 | 53 | 61 | 280 | 189 | |
| Net income attributable to parent: | 455 | 28 | 53 | 61 | 280 | 189 | ||
| Other undisclosed net loss available to common stockholders, basic | (6) | (0) | (1) | (1) | (4) | (3) | ||
| Net income available to common stockholders, diluted: | 449 | 28 | 53 | 61 | 275 | 186 | ||
Comprehensive Income ($ in millions)
| 4/30/2022 TTM | 10/31/2021 | 10/31/2020 | 10/31/2019 | 10/31/2018 | 10/31/2017 | 10/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 455 | 28 | 53 | 61 | 280 | 189 | ||
| Comprehensive income, net of tax, attributable to parent: | 455 | 28 | 53 | 61 | 280 | 189 | ||
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.