Sanderson Farms, Inc. (SAFM) financial statements (2022 and earlier)

Company profile

Business Address 225 N 13TH AVE
LAUREL, MS 39441
State of Incorp. MS
Fiscal Year End October 31
SIC 2015 - Poultry Slaughtering and Processing (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

1/31/2022
TTM
10/31/2021
10/31/2020
10/31/2019
10/31/2018
10/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments686 4995121419
Cash and cash equivalents686 4995121419
Receivables224 182139162139
Inventory, net of allowances, customer advances and progress billings367 290290240253
Inventory367 290290240253
Prepaid expense  58574339
Other undisclosed current assets70     
Total current assets:1,347 578581566850
Noncurrent Assets
Operating lease, right-of-use asset24 41 
Property, plant and equipment1,208 1,2251,1861,088877
Other noncurrent assets6 5757
Total noncurrent assets:1,238 1,2711,1931,093884
TOTAL ASSETS:2,585 1,8491,7741,6591,733
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities297 210216199199
Accounts payable207 11113312991
Accrued liabilities81 998370101
Taxes payable     7
Interest and dividends payable10     
Other undisclosed current liabilities62 14   
Total current liabilities:359 224216199199
Noncurrent Liabilities
Long-term debt and lease obligation13 5255  
Long-term debt, excluding current maturities  2555  
Operating lease, liability13 27 
Liabilities, other than long-term debt173 154861010
Deferred income tax liabilities160 14274
Self insurance reserve13 12121010
Total noncurrent liabilities:187 2061411010
Total liabilities:546 430356209208
Stockholders' equity
Stockholders' equity attributable to parent2,039 1,4191,4181,3881,433
Common stock22 22222223
Additional paid in capital111 908681135
Retained earnings1,905 1,3071,3091,2851,275
Total stockholders' equity:2,039 1,4191,4181,3881,433
Other undisclosed liabilities and equity    6392
TOTAL LIABILITIES AND EQUITY:2,585 1,8491,7741,6591,733

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

1/31/2022
TTM
10/31/2021
10/31/2020
10/31/2019
10/31/2018
10/31/2017
Revenues688 3,5643,4403,3153,342
Revenue, net3,342
Cost of revenue(3,132) (3,370)(3,161)(2,984)(2,701)
Cost of goods and services sold(2,058) (3,370)(3,158)(2,975)(2,701)
Gross profit:952 194279331642
Operating expenses(241) (206)(211)(222)(216)
Other undisclosed operating loss   (0)(79) 
Operating income (loss):711 (12)6830425
Nonoperating income (expense)(2) (5)(4)1(1)
Investment income, nonoperating  0 31
Interest and debt expense(2) (5)(4)(2)(2)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(1) 5422
Income (loss) from continuing operations before equity method investments, income taxes:707 (16)6431425
Other undisclosed income from continuing operations before income taxes3     
Income (loss) from continuing operations before income taxes:710 (16)6431425
Income tax expense (benefit)(168) 45(11)31(145)
Net income attributable to parent:542 285361280
Other undisclosed net loss available to common stockholders, basic(7) (0)(1)(1)(4)
Net income available to common stockholders, diluted:535 285361275

Comprehensive Income ($ in millions)

1/31/2022
TTM
10/31/2021
10/31/2020
10/31/2019
10/31/2018
10/31/2017
Net income:542 285361280
Comprehensive income, net of tax, attributable to parent:542 285361280

Statements sources

The financial statements are based on the company's filings with the 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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