Cal-Maine Foods Inc 2025年季度报告

Condensed Consolidated Statements of Income -Thirteen and Twenty-six WeeksEnded November 30, 2024 and December 2, 2023 Condensed Consolidated Statements of Comprehensive Income -Thirteen and Twenty-six WeeksEnded November 30, 2024 and December 2, 2023 Notes to Condensed Consolidated Financial Statements 18 29 Part II. Other Information Exhibits $237,878Investment securities available-for-sale656,887574,499Trade and other receivables, net307,292151,983Income tax receivable10,45910,459Inventories299,365261,782Prepaid expenses and other current assets10,2965,238Total current assets1,424,5951,241,839Property, plant & equipment, net975,603857,234Investments in unconsolidated entities11,04311,195Goodwill45,77645,776Intangible assets, net16,21015,996Other long-term assets16,87212,721Total Assets$2,490,099$2,184,761Liabilities and Stockholders’ EquityCurrent liabilities:Accounts payable$116,835$75,862Accrued wages and benefits28,51932,971Accrued income taxes payable20,78743,348Dividends payable73,01337,760 Accrued expenses and other liabilities21,59737,802Total current liabilities260,751227,743Other noncurrent liabilities48,54817,109Deferred income taxes, net129,317142,866Total liabilities438,616387,718Commitments and contingencies - see Note 10——Stockholders’ equity:Common stock ($0.01par value):Common stock - authorized120,000shares, issued70,261shares703703Class A convertible common stock - authorized and issued4,800shares4848Paid-in capital78,60076,371Retained earnings1,998,5851,756,395Accumulated other comprehensive loss, net of tax(908)(1,773)Common stock in treasury at cost –26,026shares at November 30, 2024 and26,022shares at June 1, 2024(31,661)(31,597)Total Cal-Maine Foods, Inc. stockholders’ equity2,045,3671,800,147Noncontrolling interest in consolidated entity6,116(3,104)Total stockholders’ equity 2,051,4831,797,043Total Liabilities and Stockholders’ Equity$2,490,099$2,184,761See Notes to Condensed Consolidated Financial Statements. Index4Cal-Maine Foods, Inc. and SubsidiariesCondensed Consolidated Statements of Income(In thousands, except per share amounts)(Unaudited)Thirteen Weeks EndedTwenty-six WeeksEndedNovember 30, 2024December 2, 2023November 30, 2024December 2, 2023Net sales$954,671$523,234$1,740,542$982,578Cost of sales598,629432,1041,137,282846,015Gross profit356,04291,130603,260136,563Selling, general and administrative77,63376,578139,565128,824Loss on involuntary conversions10—156—(Gain) loss on disposal of fixed assets338318(1,479)262Operating income278,06114,234465,0187,477 Other income (expense):Interest income, net9,7706,98719,55514,333Other, net1,1308972,3411,041Total other income, net10,9007,88421,89615,374Income before income taxes288,96122,118486,91422,851Income tax expense70,6025,540118,9655,862Net income218,35916,578367,94916,989Less: Loss attributable to noncontrollinginterest(705)(431)(1,091)(946)Net income attributable to Cal-Maine Foods,Inc.$219,064$17,009$369,040$17,935Net income per common share:Basic$4.49$0.35$7.57$ Comprehensive Income(In thousands) (Unaudited)Thirteen Weeks EndedTwenty-six WeeksEndedNovember 30, 2024December 2, 2023November 30, 2024December 2, 2023Net income$218,359$16,578$367,949$16,989Other comprehensive income (loss), beforetax:Unrealized holding gain (loss) on available-for-sale securities, net of reclassificationadjustments(573)8951,1421,681Income tax benefit (expense) related toitems of other comprehensive income139(218)(277)(409)Other comprehensive income (loss), net of tax(434)6778651,272Comprehensive income217,92517,255368,81418,261Less: Comprehensive loss attributable to thenoncontrolling interest(705)(431)(1,091)(946)Comprehensive income attributable to Cal-Maine Foods, Inc.$218,630$17,686$ 6Cal-Maine Foods, Inc. and SubsidiariesCondensed Consolidated Statements of Cash Flows(In thousands)(Unaudited)Twenty-six WeeksEndedNovember 30, 2024December 2, 2023Cash flows from operating activities:Net income$367,949$16,989Depreciation and amortization45,81839,394Deferred income taxes(13,825)5,862Other adjustments, net(159,791)11,407Net cash provided by operations240,15173,652Cash flows from investing activities:Purchases of investment securities(501,567)(43,569)Sales and maturities of investment securities426,500196,104Investment in unconsolidated entities—(363)Distributions from unconsolidated entities750—Acquisition of business(111,521)(53,746)Purchases of property, plant and equipment(65,588)(65,774)Net proceeds from disposal of property, plant and equipment4,004150Net cash provided by (used in) investing activities(247,422)32,802Cash flows from financing activities:Payments of dividends(87,774)(37,276) Index Statements of Income. Interest and dividends on securities classified as available-for-sale are recorded in interestincome.Trade ReceivablesTrade receivables arestated at their carryingvalues, whichinclude areserve forcreditlosses. As ofNovember 30,2024 andJune 1,2024, reservesfor creditlosses were$767thousand and$490thousand, re