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CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Jul. 28, 2019
Oct. 28, 2018
Current Assets    
Cash and Cash Equivalents $ 560,199 $ 459,136
Short-term Marketable Securities 14,064 0
Accounts Receivable 528,583 600,438
Inventories 1,108,514 963,527
Income Taxes Receivable 667 3,995
Prepaid Expenses 22,606 16,342
Other Current Assets 11,335 6,662
Total Current Assets 2,245,968 2,050,100
Goodwill 2,487,289 2,714,116
Other Intangibles 1,038,127 1,207,219
Pension Assets 210,012 195,153
Investments in and Receivables from Affiliates 279,265 273,153
Other Assets 177,529 189,951
Property, Plant and Equipment    
Land 49,801 50,332
Buildings 1,035,755 956,260
Equipment 1,887,368 1,863,020
Construction in Progress 242,369 332,205
Less: Allowance for Depreciation (1,698,907) (1,689,217)
Net Property, Plant and Equipment 1,516,386 1,512,600
Total Assets 7,954,576 8,142,292
Current Liabilities    
Accounts Payable 513,372 618,830
Accrued Expenses 56,378 48,298
Accrued Workers Compensation 25,515 24,594
Accrued Marketing Expenses 134,652 118,887
Employee Related Expenses 193,049 224,736
Taxes Payable 34,377 2,490
Interest and Dividends Payable 115,744 101,079
Total Current Liabilities 1,073,087 1,138,914
Long-term Debt–Less Current Maturities 250,000 624,840
Pension and Post-retirement Benefits 492,860 477,557
Other Long-term Liabilities 102,140 99,070
Deferred Income Taxes 145,154 197,093
Shareholders' Investment    
Common stock, issued shares, value 7,818 7,825
Additional Paid-in Capital 170,143 106,528
Accumulated Other Comprehensive Loss (275,195) (243,498)
Retained Earnings 5,984,305 5,729,956
Hormel Foods Corporation Shareholders' Investment 5,887,071 5,600,811
Noncontrolling Interest 4,264 4,007
Total Shareholders' Investment 5,891,335 5,604,818
Total Liabilities and Shareholders' Investment $ 7,954,576 $ 8,142,292