Hormel Foods Corp (HRL)
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Fiscal Year End Date: 10/31
(Values in U.S. thousands)
| 10-2023 | 10-2022 | 10-2021 | 10-2020 | 10-2019 | |
| Cash Flows From Operating Activities | |||||
| Net Income | 792,920 | 1,000,226 | 909,140 | 908,354 | 979,148 |
| Depreciation Amortization | 281,694 | 235,885 | 209,309 | 205,781 | 165,209 |
| Income taxes - deferred | 31,794 | 177,000 | 28,677 | 32,039 | 28,641 |
| Accounts receivable | 48,998 | 28,365 | -191,627 | -119,516 | -11,146 |
| Other Working Capital | -124,758 | -371,792 | -165,786 | -29,013 | -215,548 |
| Other Operating Activity | 17,199 | 65,293 | 212,221 | 130,379 | -23,308 |
| Operating Cash Flow | $1,047,847 | $1,134,977 | $1,001,934 | $1,128,024 | $922,996 |
| Cash Flows From Investing Activities | |||||
| Change In Deposits | -42 | 2,493 | -4,364 | -2,589 | N/A |
| PPE Investments | -264,889 | -277,694 | -230,200 | -365,585 | -256,436 |
| Net Acquisitions | N/A | N/A | -3,396,246 | -270,789 | 479,806 |
| Purchase Of Investment | N/A | N/A | N/A | N/A | -14,496 |
| Sale Of Investment | -427,709 | 2,404 | -343 | -21,124 | -6,479 |
| Other Investing Activity | 3,096 | 14,760 | 5,314 | 3,771 | 17,758 |
| Investing Cash Flow | $-689,544 | $-258,037 | $-3,625,839 | $-656,316 | $220,153 |
| Cash Flows From Financing Activities | |||||
| Debt Issued | 1,980 | N/A | 2,276,292 | 992,381 | N/A |
| Debt Repayment | -8,827 | -8,673 | -258,617 | -8,368 | -374,840 |
| Common Stock Issued | 12,018 | 79,827 | 45,919 | 81,818 | 59,895 |
| Common Stock Repurchased | -12,303 | N/A | -19,958 | -12,360 | -174,246 |
| Dividend Paid | -592,932 | -557,839 | -523,114 | -487,376 | -437,053 |
| Other Financing Activity | 0 | 1 | -2 | 77 | 0 |
| Financing Cash Flow | $-600,064 | $-486,684 | $1,520,520 | $566,172 | $-926,244 |
| Exchange Rate Effect | -3,814 | -21,679 | 2,606 | 3,526 | -3,140 |
| Beginning Cash Position | 982,107 | 613,530 | 1,714,309 | 672,901 | 459,136 |
| End Cash Position | 736,532 | 982,107 | 613,530 | 1,714,309 | 672,901 |
| Net Cash Flow | $-245,575 | $368,577 | $-1,100,778 | $1,041,407 | $213,765 |
| Free Cash Flow | |||||
| Operating Cash Flow | 1,047,847 | 1,134,977 | 1,001,934 | 1,128,024 | 922,996 |
| Capital Expenditure | -270,211 | -278,918 | -232,416 | -367,501 | -293,838 |
| Free Cash Flow | 777,636 | 856,059 | 769,518 | 760,523 | 629,158 |