Hormel Foods 2015 Annual Report Download - page 38

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36
Consolidated Statements of Financial Position
October 25, October 26,
(in thousands, except share and per share amounts) 2015 2014
Assets
Current Assets
Cash and cash equivalents $ 347,239 $ 334,174
Accounts receivable (net of allowance for doubtful accounts of
$4,086 at October 25, 2015, and $4,050 at October 26, 2014) 605,689 609,526
Inventories 993,265 1,054,552
Income taxes receivable 6,132 25,678
Deferred income taxes 86,902 86,853
Prepaid expenses 14,383 15,250
Other current assets 9,422 6,738
Total Current Assets 2,063,032 2,132,771
Deferred Income Taxes – –
Goodwill 1,699,484 1,226,406
Other Intangibles 827,219 554,890
Pension Assets 132,861 130,284
Investments in and Receivables from Affi liates 258,998 264,451
Other Assets 146,498 145,050
Property, Plant and Equipment
Land 71,192 61,809
Buildings 815,643 803,722
Equipment 1,679,100 1,597,044
Construction in progress 79,964 119,657
2,645,899 2,582,232
Less allowance for depreciation (1,634,160) (1,580,465)
1,011,739 1,001,767
Total Assets $ 6,139,831 $ 5,455,619
Liabilities and Shareholders’ Investment
Current Liabilities
Accounts payable $ 495,317 $ 484,042
Short-term debt 185,000 –
Accrued expenses 71,777 76,836
Accrued workers compensation 37,009 35,406
Accrued marketing expenses 119,153 89,561
Employee related expenses 232,309 209,874
Taxes payable 6,764 5,507
Interest and dividends payable 66,696 53,466
Total Current Liabilities 1,214,025 954,692
Long-Term Debt — less current maturities 250,000 250,000
Pension and Post-Retirement Benefi ts 509,261 502,693
Other Long-Term Liabilities 101,056 112,176
Deferred Income Taxes 64,096 24,002
Shareholders’ Investment
Preferred stock, par value $0.01 a share — authorized 160,000,000 shares;
issued — none
Common stock, nonvoting, par value $0.01 a share — authorized 400,000,000
shares; issued — none
Common stock, par value $0.0293 a share — authorized 800,000,000 shares;
issued 264,205,814 shares October 25, 2015
issued 263,613,201 shares October 26, 2014 7,741 7,724
Additional paid-in capital – –
Accumulated other comprehensive loss (225,668) (207,700)
Retained earnings 4,216,125 3,805,654
Hormel Foods Corporation Shareholders’ Investment 3,998,198 3,605,678
Noncontrolling Interest 3,195 6,378
Total Shareholders’ Investment 4,001,393 3,612,056
Total Liabilities and Shareholders’ Investment $ 6,139,831 $ 5,455,619
See Notes to Consolidated Financial Statements.