J.M. Smucker Company (The) New (SJM) Financial Statements (2023 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)Annual | Quarterly
| 1/31/2023 Q3 | 10/31/2022 Q2 | 7/31/2022 Q1 | 4/30/2022 Q4 | 1/31/2022 Q3 | 10/31/2021 Q2 | 7/31/2021 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Receivables | 534 | 610 | 605 | 525 | 563 | 659 | 566 | ||
| Inventory, net of allowances, customer advances and progress billings | 1,242 | 1,358 | 1,313 | 1,089 | 1,042 | 1,100 | 1,106 | ||
| Inventory | 1,242 | 1,358 | 1,313 | 1,089 | 1,042 | 1,100 | 1,106 | ||
| Other current assets | 148 | 256 | 218 | 226 | 99 | 94 | 113 | ||
| Other undisclosed current assets | 104 | 27 | 152 | 170 | 284 | 155 | 169 | ||
| Total current assets: | 2,028 | 2,251 | 2,288 | 2,010 | 1,988 | 2,009 | 1,953 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 2,274 | 2,199 | 2,139 | 2,132 | 1,996 | 2,015 | 1,988 | ||
| Other noncurrent assets | 11,715 | 11,770 | 11,850 | 11,913 | 11,983 | 12,217 | 12,270 | ||
| Total noncurrent assets: | 13,990 | 13,968 | 13,989 | 14,045 | 13,978 | 14,232 | 14,259 | ||
| TOTAL ASSETS: | 16,018 | 16,219 | 16,277 | 16,055 | 15,966 | 16,241 | 16,212 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,446 | 1,453 | 1,444 | 1,584 | 1,215 | 1,241 | 1,236 | ||
| Interest and dividends payable | ✕ | ✕ | ✕ | 105 | |||||
| Employee-related liabilities | ✕ | ✕ | ✕ | 92 | |||||
| Accounts payable | 1,231 | 1,261 | 1,243 | 1,193 | 1,007 | 1,031 | 1,041 | ||
| Accrued liabilities | 215 | 193 | 201 | 194 | 208 | 210 | 195 | ||
| Debt | 1 | 303 | 389 | 181 | 94 | 320 | 1,118 | ||
| Other liabilities | 260 | 268 | 306 | 149 | 316 | 289 | 368 | ||
| Other undisclosed current liabilities | 33 | 35 | 38 | 39 | 40 | 41 | 41 | ||
| Total current liabilities: | 1,741 | 2,060 | 2,177 | 1,953 | 1,665 | 1,891 | 2,763 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 4,313 | 4,372 | 4,380 | 4,387 | 4,394 | 4,403 | 3,621 | ||
| Long-term debt, excluding current maturities | 4,313 | 4,312 | 4,312 | 4,311 | 4,310 | 4,309 | 3,518 | ||
| Liabilities, other than long-term debt | 1,629 | 1,571 | 1,575 | 1,575 | 1,641 | 1,661 | 1,657 | ||
| Deferred income tax liabilities | 1,324 | 1,327 | 1,327 | 1,326 | 1,335 | 1,352 | 1,349 | ||
| Liability, pension and other postretirement and postemployment benefits | 169 | ||||||||
| Other liabilities | 249 | 244 | 249 | 80 | 307 | 309 | 308 | ||
| Operating lease, liability | 56 | 59 | 68 | 76 | 84 | 94 | 104 | ||
| Total noncurrent liabilities: | 5,942 | 5,942 | 5,955 | 5,962 | 6,035 | 6,064 | 5,278 | ||
| Total liabilities: | 7,683 | 8,002 | 8,132 | 7,915 | 7,700 | 7,954 | 8,041 | ||
| Equity | |||||||||
| Equity, attributable to parent, including: | 8,335 | 8,217 | 8,144 | 8,140 | 8,267 | 8,286 | 8,170 | ||
| Additional paid in capital | 5,469 | 5,462 | 5,458 | 5,458 | 5,554 | 5,537 | 5,531 | ||
| Accumulated other comprehensive loss | (237) | (247) | (233) | (237) | (269) | (271) | (282) | ||
| Retained earnings | 3,076 | 2,976 | 2,893 | 2,893 | 2,956 | 2,993 | 2,894 | ||
| Other undisclosed equity, attributable to parent | 27 | 27 | 27 | 27 | 27 | 27 | 27 | ||
| Total equity: | 8,335 | 8,217 | 8,144 | 8,140 | 8,267 | 8,286 | 8,170 | ||
| TOTAL LIABILITIES AND EQUITY: | 16,018 | 16,219 | 16,277 | 16,055 | 15,966 | 16,241 | 16,212 | ||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 1/31/2023 Q3 | 10/31/2022 Q2 | 7/31/2022 Q1 | 4/30/2022 Q4 | 1/31/2022 Q3 | 10/31/2021 Q2 | 7/31/2021 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,216 | 2,205 | 1,873 | 2,034 | 2,057 | 2,050 | 1,858 | |
| Cost of revenue (Cost of Goods and Services Sold) | (1,461) | (1,504) | (1,321) | (1,367) | (1,374) | (1,339) | (1,219) | |
| Gross profit: | 756 | 701 | 553 | 667 | 683 | 712 | 639 | |
| Operating expenses | (437) | (411) | (401) | (413) | (544) | (404) | (381) | |
| Other operating income (expense), net | (1) | 3 | 28 | 48 | 11 | 5 | 1 | |
| Operating income: | 318 | 293 | 180 | 302 | 151 | 312 | 259 | |
| Nonoperating income (expense) | 11 | (15) | (7) | (56) | 23 | 8 | 6 | |
| Investment income, nonoperating | 15 | (15) | (8) | (52) | 24 | 11 | 17 | |
| Other nonoperating income (expense) | (5) | (1) | 1 | (4) | (2) | (3) | (11) | |
| Interest and debt expense | (0) | (0) | (7) | |||||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (53) | |||||||
| Income from continuing operations before equity method investments, income taxes: | 329 | 278 | 173 | 246 | 173 | 320 | 205 | |
| Other undisclosed income (loss) from continuing operations before income taxes | (53) | (25) | (32) | 14 | (64) | (51) | ||
| Income from continuing operations before income taxes: | 275 | 253 | 141 | 260 | 110 | 269 | 205 | |
| Income tax expense | (67) | (62) | (31) | (58) | (40) | (63) | (51) | |
| Income from continuing operations: | 209 | 191 | 110 | 202 | 70 | 206 | 154 | |
| Income before gain (loss) on sale of properties: | ✕ | 191 | 110 | 202 | 70 | 206 | 154 | |
| Net income available to common stockholders, basic: | 209 | 191 | 110 | 202 | 70 | 206 | 154 | |
| Other undisclosed net income (loss) available to common stockholders, diluted | 1 | (0) | (1) | (1) | ||||
| Net income available to common stockholders, diluted: | 209 | 191 | 110 | 203 | 70 | 205 | 153 | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 1/31/2023 Q3 | 10/31/2022 Q2 | 7/31/2022 Q1 | 4/30/2022 Q4 | 1/31/2022 Q3 | 10/31/2021 Q2 | 7/31/2021 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 209 | 191 | 110 | 202 | 70 | 206 | 154 | |
| Other undisclosed comprehensive income | 2 | |||||||
| Comprehensive income: | 209 | 191 | 110 | 205 | 70 | 206 | 154 | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 10 | (14) | 4 | 30 | 1 | 11 | (4) | |
| Comprehensive income, net of tax, attributable to parent: | 219 | 177 | 114 | 234 | 71 | 217 | 150 | |
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.