Financial Statements

Hormel Foods Corporation (HRL)

$47.065

+0.66 (+1.43%)
Income Statement
Balance Sheet
Cash Flow

Income Statement

All numbers are in thousands

Retained Earning Schedule

Year 2021 2020 2019 2018 2017
Retained Earnings (Previous Year) 6,5236,1285,7305,163-
Net Income 9099089791,012847
Stock Dividends -27-26-144-574,662
Dividend Paid -523-487-437-388-346
Retained Earnings 6,8826,5236,1285,7305,163

PPE Schedule

Year 2021 2020 2019 2018 2017
Gross PPE 1,8981,6291,5131,203-
Annual Depreciation 4436374106991,425
Capital Expenditure -232-368-294-390-221
Net PPE 2,1091,8981,6291,5131,203

Intangible and Goodwill Schedule

Year 2021 2020 2019 2018 2017
Intangible and Goodwill (Previous Year) -2,1202,7142,4822,613
New Purchases --8-21-24-
Intangible and Goodwill 2,1202,7142,4822,6134,929

Hormel Foods Corporation income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes Hormel Foods Corporation FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.