Hormel Foods 2011 Annual Report Download - page 60

5
8Hormel Foods Corporation
(
in thousands
)
20
11
20
1
0
2009
Asset
s
G
rocery Products
$
6
70,39
8
$
591,08
2
$
445,
3
40
R
e
f
rigerated Food
s
1
,177,588
1
,17
3
,540 1,098,1
33
Jennie-O Turkey Store
8
05,459 760,56
6
728,04
9
Specialty Food
s
475,289 4
3
2,820 449,558
All Other 196,957
1
78,642
1
6
3
,611
C
orporat
e
9
18,700
9
17,268
8
07,
3
6
4
Tota
l
$
4,244,39
1
$
4,05
3
,918
$
3
,692,055
Additions to Property,
Plant and Equipmen
t
G
rocer
y
Products
$
1
0
,
9
1
0
$
2
7,
0
1
8
$
51,438
R
e
f
ri
g
erated Food
s
45,
2
4
4
3
8,417 28,30
3
Jennie-
O
Turke
y
S
tore
29
,5
07
1
5,
986
1
1,
2
47
Sp
ecialty Food
s
3
,47
0
1
,
80
7
2
,
922
A
ll
O
ther
1
,
145
7
88
7
3
2
C
or
p
orat
e
6
,6
3
55,
80
7 2,31
9
T
ota
l
$
9
6,
9
11
$
8
9,82
3
$
9
6,
9
61
Deprec
i
at
i
on and
Am
o
rt
i
zat
io
n
G
rocery Products
$
15
,
5
9
7
$
1
5
,084
$
1
5
,
2
32
R
efrigerated Food
s
6
5
,
6
89
6
4
,0
51
6
2
,3
17
Jennie-
O
Turkey
S
tore
2
5
,3
7
9
2
6
,898
2
7
,280
S
pecialty Food
s
9,8
17
1
1
,
8
3
1
1
4
,082
A
ll
O
th
e
r1
,38
7
1,3
05
1,204
C
orporat
e
6,29
6
6,
4
22
7
,
02
3
To
t
al
$
1
2
4
,
165
$
12
5
,
5
9
1
$
1
27
,
1
3
8
T
he Company’s products primarily consist of meat and
other
f
ood products. Perishable meat includes
f
resh meats,
re
f
ri
g
erated meal solutions, sausa
g
es, hams, wieners, and
bacon (excludin
g
JOTS products). The Poultry cate
g
ory is
composed primarily of J
O
T
S
products.
S
helf-stable includes
canned products, tortillas, salsas, and other items that do not
require refrigeration. The
O
ther category primarily consists of
nutritional food products and supplements, sugar and sugar
s
ubstitutes, dessert and drink mixes, and industrial gelatin
products. The percentages o
f
total revenues contributed by
classes o
f
similar
p
roducts
f
or the last three
fi
scal years are
as
f
ollows:
F
isca
l Y
ea
r En
ded
O
ctober
30,
October
3
1
,
O
ctober
2
5
,
2
0
1
1
2
0
1
0
2
00
9
P
erishable mea
t
55.1
%
5
4.
3%
53
.9
%
P
ou
l
tr
y
1
9
.
1
18
.7
1
9.
3
S
helf-stable 16.
8
17
.
5
1
7.
3
O
the
r
9
.
0
9
.
5
9
.
5
1
00
.
0%
100.0
%
1
00.0
%
Company does not represent that these segments, if operated
independently, would report the operating pro
fi
t and other
fi
nancial in
f
ormation shown below.
(
in thousands
)
20
11
20
1
0
2009
S
al
es
t
o
U
naffiliat
ed
Cus
t
o
m
e
r
s
G
rocery Products
$
1
,0
64
,
55
8
$
1,0
4
0,
455
$
92
4
,
6
82
R
efrigerated Food
s
4,
1
89,22
4
3,
818
,
788
3,
4
3
6
,
24
2
Jennie-
O
Turkey
S
tore
1,
467
,222
1,3
10
,
41
2
1
,22
7
,
7
09
S
pecialty Food
s
83
5
,
5
8
47
82,9
5
8
708
,
7
3
0
All
O
th
e
r
338,
5
0
1
2
6
8,
1
06
23
6
,3
08
To
t
al
$
7,89
5
,089
$
7
,220,
71
9
$
6,
5
33,
671
Interse
g
ment Sales
G
rocery Products
$
–
$
–
$
–
R
e
f
rigerated Food
s
14,101
9
,15
2
7,2
36
Jennie-O Turkey Store 124,868
1
11,26
2
97,06
4
Specialty Food
s
127
1
18
1
7
2
All Other
–
–
–
T
ota
l
139,096
1
20,5
3
2
1
04,47
2
I
ntersegment el
i
m
i
nat
i
on
(
139,096
)
(
120,532
)
(
104,472
)
T
ota
l
$
–
$
–
$
–
Net
S
ales
G
rocer
y
Products
$
1
,
0
64,55
8
$
1
,
0
4
0
,455
$
92
4,6
82
R
e
f
ri
g
erated Food
s
4
,
203
,
32
5
3
,827,940
3
,443,478
Jennie-
O
Turke
y
S
tore
1
,5
92
,
090
1
,4
2
1,67
4
1,324,77
3
Sp
ecialty Food
s
83
5,711 783,07
6
7
08
,
902
A
ll
O
ther
338
,5
0
1
2
6
8
,1
06
2
36,308
I
nterse
g
ment elimination
(
139,096
)
(120,532
)
(104,472
)
T
ota
l
$
7
,
89
5,
089
$
7,
220
,71
9
$
6
,533,671
S
egment Operating Profit
G
rocery Products
$
16
2,
556
$
1
55
,922
$
1
62
,
5
3
1
R
efrigerated Food
s
292,
6
2
4
2
76
,3
15
22
6
,
171
Jennie-
O
Turkey
S
tore
20
4
,9
4
0
1
4
3,
64
4
8
6
,909
S
pecialty Food
s
7
6
,90
5
80,
7
2
7
68,
4
84
A
ll
O
th
e
r
3
6
,2
5
0
2
6
,
1
26
2
7
,
6
3
1
T
ota
l
segment
o
perating profit
$
7
7
3,2
75
$
6
82
,
7
3
4
$
571
,
7
26
Ne
t
i
nt
e
r
es
t
a
n
d
i
nvestment expense
(
income
)
23,
44
8
22,024
8,
4
32
G
eneral corporate
e
xpens
e
3
5
,992
40
,3
48
3
8
,3
1
2
N
oncontroll
i
ng
i
nterest
5,00
14
,
1
89
3,
165
E
arnings before
i
n
co
m
e
t
a
x
es
$
7
1
8,83
6
$
62
4
,
551
$
5
28,
147