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CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Apr. 28, 2019
Oct. 28, 2018
Current Assets    
Cash and Cash Equivalents $ 639,327 $ 459,136
Short-term Marketable Securities 6,675 0
Accounts Receivable 537,447 600,438
Inventories 1,030,574 963,527
Income Taxes Receivable 293 3,995
Prepaid Expenses 24,219 16,342
Other Current Assets 12,132 6,662
Total Current Assets 2,250,667 2,050,100
Goodwill 2,486,635 2,714,116
Other Intangibles 1,040,392 1,207,219
Pension Assets 205,229 195,153
Investments in and Receivables from Affiliates 276,478 273,153
Other Assets 181,777 189,951
Property, Plant and Equipment    
Land 49,642 50,332
Buildings 1,011,242 956,260
Equipment 1,851,640 1,863,020
Construction in Progress 259,683 332,205
Less: Allowance for Depreciation (1,677,640) (1,689,217)
Net Property, Plant and Equipment 1,494,567 1,512,600
Total Assets 7,935,745 8,142,292
Current Liabilities    
Accounts Payable 523,673 618,830
Accrued Expenses 59,144 48,298
Accrued Workers Compensation 24,935 24,594
Accrued Marketing Expenses 126,252 118,887
Employee Related Expenses 182,720 224,736
Taxes Payable 22,154 2,490
Interest and Dividends Payable 112,798 101,079
Total Current Liabilities 1,051,676 1,138,914
Long-term Debt–Less Current Maturities 250,000 624,840
Pension and Post-retirement Benefits 488,479 477,557
Other Long-term Liabilities 101,378 99,070
Deferred Income Taxes 142,428 197,093
Shareholders' Investment    
Common stock, issued shares, value 7,854 7,825
Additional Paid-in Capital 163,980 106,528
Accumulated Other Comprehensive Loss (278,135) (243,498)
Retained Earnings 6,003,637 5,729,956
Hormel Foods Corporation Shareholders' Investment 5,897,336 5,600,811
Noncontrolling Interest 4,448 4,007
Total Shareholders' Investment 5,901,784 5,604,818
Total Liabilities and Shareholders' Investment $ 7,935,745 $ 8,142,292