The J.M. Smucker Company (SJM) Financial Statements (2024 and earlier)

Company Profile

Business Address ONE STRAWBERRY LANE
ORRVILLE, OH 44667
State of Incorp. OH
Fiscal Year End April 30
Industry (SIC) 2033 - Canned Fruits, Vegetables, Preserves, Jams, and Jellies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

1/31/2024
Q3
10/31/2023
Q2
7/31/2023
Q1
4/30/2023
Q4
1/31/2023
Q3
10/31/2022
Q2
7/31/2022
Q1
ASSETS
Current Assets
Receivables588592598534610605
Inventory, net of allowances, customer advances and progress billings1,0851,0931,0101,2421,3581,313
Inventory1,0851,0931,0101,2421,3581,313
Other current assets135110108148256218
Other undisclosed current assets4,0577011,14410427152
Total current assets:5,8642,4972,8592,0282,2512,288
Noncurrent Assets
Property, plant and equipment2,3892,2902,2402,2742,1992,139
Other noncurrent assets9,8709,9259,89311,71511,77011,850
Total noncurrent assets:12,26012,21512,13313,99013,96813,989
TOTAL ASSETS:18,12414,71214,99116,01816,21916,277
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,4361,4731,8001,4461,4531,444
Accounts payable1,2501,3011,3931,2311,2611,243
Accrued liabilities186172407215193201
Debt2111303389
Other liabilities365439154260268306
Other undisclosed current liabilities313532333538
Total current liabilities:1,8341,9471,9871,7412,0602,177
Noncurrent Liabilities
Long-term debt and lease obligation7,7724,31524,3134,3724,380
Long-term debt, excluding current maturities7,7724,315 4,3134,3124,312
Finance lease, liability   2   
Liabilities, other than long-term debt1,4291,4461,4001,6291,5711,575
Deferred income tax liabilities1,1241,1311,1391,3241,3271,327
Liability, pension and other postretirement and postemployment benefits   111   
Other liabilities17217472249244249
Operating lease, liability13314177565968
Other undisclosed noncurrent liabilities   4,312   
Total noncurrent liabilities:9,2005,7615,7145,9425,9425,955
Total liabilities:11,0357,7087,7017,6838,0028,132
Equity
Equity, attributable to parent, including:7,0897,0037,2918,3358,2178,144
Additional paid in capital5,2535,2425,3725,4695,4625,458
Accumulated other comprehensive loss(241)(229)(239)(237)(247)(233)
Retained earnings2,0511,9652,1323,0762,9762,893
Other undisclosed equity, attributable to parent262626272727
Total equity:7,0897,0037,2918,3358,2178,144
TOTAL LIABILITIES AND EQUITY:18,12414,71214,99116,01816,21916,277

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

1/31/2024
Q3
10/31/2023
Q2
7/31/2023
Q1
4/30/2023
Q4
1/31/2023
Q3
10/31/2022
Q2
7/31/2022
Q1
Revenues1,9391,8052,2352,2162,2051,873
Cost of revenue
(Cost of Goods and Services Sold)
(1,214)(1,150)(1,442)(1,461)(1,504)(1,321)
Gross profit:724655792756701553
Operating expenses(380)(353)(418)(437)(411)(401)
Other operating income (expense), net(45)211(1)328
Other undisclosed operating loss   (1,019)   
Operating income (loss):299304(634)318293180
Nonoperating income (expense)(9)(26)(3)11(15)(7)
Investment income, nonoperating(14)7715(15)(8)
Other nonoperating income (expense)5(33)(10)(5)(1)1
Interest and debt expense(0)(0) (0)  
Income (loss) from continuing operations before equity method investments, income taxes:290277(637)329278173
Other undisclosed loss from continuing operations before income taxes(40)(39)(42)(53)(25)(32)
Income (loss) from continuing operations before income taxes:249238(679)275253141
Income tax expense (benefit)(55)(55)78(67)(62)(31)
Income (loss) from continuing operations:195184(601)209191110
Income before gain (loss) on sale of properties:191110
Net income (loss) available to common stockholders, diluted:195184(601)209191110

Comprehensive Income ($ in millions)

1/31/2024
Q3
10/31/2023
Q2
7/31/2023
Q1
4/30/2023
Q4
1/31/2023
Q3
10/31/2022
Q2
7/31/2022
Q1
Net income (loss):195184(601)209191110
Other undisclosed comprehensive income   2   
Comprehensive income (loss):195184(599)209191110
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(12)10(4)10(14)4
Comprehensive income (loss), net of tax, attributable to parent:183194(603)219177114

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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