Hormel Foods Corp
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $478.2M | $805.0M | $793.6M | $1,000.0M | $908.8M | $908.1M | $978.8M | $1.01B |
| Depreciation & Amortization | $263.9M | $257.8M | $253.3M | $235.9M | $209.3M | $205.8M | $165.2M | $161.9M |
| Depreciation | $241.2M | $233.8M | $227.3M | $213.0M | $183.8M | $165.7M | $153.2M | $149.2M |
| Amortization | $14.9M | $16.4M | $18.4M | $19.3M | $17.5M | $14.3M | $11.6M | $12.7M |
| Stock-Based Compensation | $25.6M | $23.2M | $24.1M | $24.9M | $24.7M | $22.5M | $19.7M | $20.6M |
| Net Cash from Operating Activities | $845.3M | $1.27B | $1.05B | $1.13B | $1.00B | $1.13B | $923.0M | $1.24B |
| Investing Activities | ||||||||
| Capital Expenditures | $310.9M | $256.4M | $270.2M | $278.9M | $232.4M | $367.5M | $293.8M | $389.6M |
| Business Acquisitions | — | — | $0 | $0 | $3.40B | $270.8M | $0 | $857.7M |
| Net Cash from Investing Activities | $-298.6M | $-236.9M | $-689.5M | $-258.0M | $-3.63B | $-656.3M | $220.2M | $-1.24B |
| Financing Activities | ||||||||
| Dividends Paid | $633.2M | $615.0M | $592.9M | $557.8M | $523.1M | $487.4M | $437.1M | $388.1M |
| Stock Repurchases | $0 | $0 | $12.3M | $0 | $20.0M | $12.4M | $174.2M | $46.9M |
| Net Cash from Financing Activities | $-614.0M | $-1.03B | $-600.1M | $-486.7M | $1.52B | $566.2M | $-926.2M | $11.6M |
| Net Change in Cash | $-71.2M | $5.3M | $-245.6M | $368.6M | $-1.10B | $1.04B | $213.8M | $15.0M |
| Free Cash Flow | $534.3M | $1.01B | $777.6M | $856.1M | $769.5M | $760.5M | $629.2M | $852.1M |