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 thousands)

4/30/2022
Q2
1/31/2022
Q1
10/31/2021
Q4
7/31/2021
Q3
4/30/2021
Q2
1/31/2021
Q1
10/31/2020
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments685,823 245,429122,91150,09049,061
Cash and cash equivalents685,823 245,429122,91150,09049,061
Receivables224,082 215,154192,821167,711181,523
Inventory, net of allowances, customer advances and progress billings367,454 364,262347,442325,672290,007
Inventory367,454 364,262347,442325,672290,007
Prepaid expense   2,98612,51931,90157,544
Other undisclosed current assets69,807 62,92457,50361,735 
Total current assets:1,347,166 890,755733,196637,109578,135
Noncurrent Assets
Operating lease, right-of-use asset24,112 30,84932,19836,89440,785
Property, plant and equipment1,207,512 1,227,7721,231,1061,223,1691,224,746
Other noncurrent assets5,927 6,8446,6965,0925,365
Total noncurrent assets:1,237,551 1,265,4651,270,0001,265,1551,270,896
TOTAL ASSETS:2,584,717 2,156,2202,003,1961,902,2641,849,031
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities297,284 290,990247,994235,432210,126
Interest and dividends payable9,823 9,8259,8269,823 
Accounts payable206,895 141,367136,257131,332111,463
Accrued liabilities80,566 139,798101,91194,27798,663
Other undisclosed current liabilities61,653 12,68613,05914,25313,981
Total current liabilities:358,937 303,676261,053249,685224,107
Noncurrent Liabilities
Long-term debt and lease obligation13,477 18,23519,13922,64151,804
Long-term debt, excluding current maturities      25,000
Liabilities, other than long-term debt173,470 149,476145,353142,841153,847
Deferred income tax liabilities160,465 149,476145,353142,841141,672
Operating lease, liability13,477 18,23519,13922,64126,804
Self insurance reserve13,005    12,175
Total noncurrent liabilities:186,947 167,711164,492165,482205,651
Total liabilities:545,884 471,387425,545415,167429,758
Equity
Equity, attributable to parent2,038,833 1,671,7511,510,2901,419,4821,419,273
Common stock22,324 22,32922,33222,32622,251
Additional paid in capital111,133 101,14294,61690,90090,420
Retained earnings1,905,376 1,548,2801,393,3421,306,2561,306,602
Total equity:2,038,833 1,671,7511,510,2901,419,4821,419,273
Other undisclosed liabilities and equity   13,08267,36167,615 
TOTAL LIABILITIES AND EQUITY:2,584,717 2,156,2202,003,1961,902,2641,849,031

Income Statement (P&L) ($ in thousands)

4/30/2022
Q2
1/31/2022
Q1
10/31/2021
Q4
7/31/2021
Q3
4/30/2021
Q2
1/31/2021
Q1
10/31/2020
Q4
Revenues1,327,428(3,395,942)1,352,7561,133,880909,306940,023
Cost of revenue(1,008,054) (1,049,814)(941,936)(839,370)(848,307)
Cost of goods and services sold(1,008,054) (1,049,814)(941,936)(839,322)(848,307)
Gross profit:319,374 302,942191,94469,93691,716
Operating expenses(65,738) (87,718)(64,245)(56,551)(49,461)
Operating income:253,636 215,224127,69913,38542,255
Nonoperating expense(477) (620)(684)(635)(698)
Interest and debt expense(577) (623)(697)(638)(715)
Other undisclosed income from continuing operations before equity method investments, income taxes   623697638715
Income from continuing operations before equity method investments, income taxes:252,582 214,604127,01512,75041,557
Other undisclosed income from continuing operations before income taxes577     
Income from continuing operations before income taxes:253,159 214,604127,01512,75041,557
Income tax expense(60,352) (49,841)(30,104)(3,272)(13,635)
Income from continuing operations:192,807 164,76396,9119,47827,922
Income before gain (loss) on sale of properties:192,807164,76396,9119,47827,922
Net income attributable to parent:192,807 164,76396,9119,47827,922
Other undisclosed net loss available to common stockholders, basic(2,186) (2,250)(1,343)(133)(368)
Net income available to common stockholders, diluted:190,621 162,51395,5689,34527,554

Comprehensive Income ($ in thousands)

4/30/2022
Q2
1/31/2022
Q1
10/31/2021
Q4
7/31/2021
Q3
4/30/2021
Q2
1/31/2021
Q1
10/31/2020
Q4
Net income:192,807 164,76396,9119,47827,922
Comprehensive income, net of tax, attributable to parent:192,807 164,76396,9119,47827,922

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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