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Hormel Foods HRL All Other Segments — Goodwill Purchase Accounting Adjustments

Discontinued — last reported Q3 '20

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PFG
PFGCOther — Goodwill Purchase Accounting Adjustments
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ALBAll Other — Goodwill, Purchase Accounting Adjustments
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TPROperating Segments — Goodwill Purchase Accounting Adjustments
$1.6M

Other financials

Income statement

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Revenue$3.0B+2.5%
Gross profit$518.5M+7.0%
Operating income$217.1M-12.6%
Net income$157.5M-12.5%
EPS (diluted)$0.29-12.1%

Balance sheet

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Cash & equivalents$826.8M+23.5%
Total debt$2.9B-0.2%
Total equity$7.9B-1.0%
Total assets$13.3B-0.6%

Cash flow

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Operating cash flow$178.9M+217%
CapEx$82.2M+9.4%
Free cash flow$96.8M

Valuation

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Market cap$13.3B
Enterprise value$15.35B
P/E18.9×
P/S1.1×

Profitability

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Gross margin15.7%-0.8pp
Operating margin5.8%-2.7pp
Net margin6.3%-0.3pp
FCF margin5.7%-0.3pp

Returns & leverage

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Return on equity9.5%-0.6pp
Debt / equity0.4×0.0×
Current ratio1.9×-0.5×

Where this comes from

Reported directly by Hormel Foods in its filing.

Tagged under the XBRL concept us-gaap:GoodwillPurchaseAccountingAdjustments.

The official record: Hormel Foods’s 10-Q, filed September 1, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does all other segments — goodwill purchase accounting adjustments mean?
The non-cash accounting impact of acquisition-related goodwill adjustments for the company's miscellaneous business segments.
How do you interpret all other segments — goodwill purchase accounting adjustments?
An increase in these adjustments often signals recent acquisition activity or potential impairment charges, while a decrease suggests the amortization period is concluding or no new impairment is recognized.
How does all other segments — goodwill purchase accounting adjustments compare across companies?
Peers in the consumer packaged goods industry report similar adjustments under 'Purchase Price Accounting' or 'Acquisition-related intangible amortization' within their segment disclosures.