10-Q Filing

CAL-MAINE FOODS INC CIK: 16160 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0000016160-15-000035`
Period End Date	20150831
Filing Date	20150930
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	calm-20150829.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 42 Cash Flow Statement 41 Comprehensive Income 16

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$743.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$513.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$69.37M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.67M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.52M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.55M	USD	Point-in-time
Investment securities available-for-sale	`AvailableForSaleSecuritiesCurrent`	$286.49M	USD	Point-in-time
Investment securities available-for-sale	`AvailableForSaleSecuritiesCurrent`	$249.96M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	48.38M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	48.50M	shares	Point-in-time
Trade and other receivables (less allowance for doubtful accounts of $743 and $513 at August 29, 2015 and May 30, 2015, respectively)	`AccountsReceivableNetCurrent`	$184.93M	USD	Point-in-time
Trade and other receivables (less allowance for doubtful accounts of $743 and $513 at August 29, 2015 and May 30, 2015, respectively)	`AccountsReceivableNetCurrent`	$101.98M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	26.56M	shares	Point-in-time
Inventories	`InventoryNet`	$148.59M	USD	Point-in-time
Inventories	`InventoryNet`	$146.26M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	26.56M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.35M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$508.96M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$693.72M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$363.70M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$358.79M	USD	Point-in-time
Goodwill	`Goodwill`	$29.20M	USD	Point-in-time
Goodwill	`Goodwill`	$29.20M	USD	Point-in-time
Other investments	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$18.84M	USD	Point-in-time
Other investments	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$37.48M	USD	Point-in-time
Other intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$7.56M	USD	Point-in-time
Other intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$6.84M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.30M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.24M	USD	Point-in-time
Total Assets	`Assets`	$928.65M	USD	Point-in-time
Total Assets	`Assets`	$1.14B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$86.87M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$70.82M	USD	Point-in-time
Accrued dividends payable	`DividendsPayableCurrent`	$15.37M	USD	Point-in-time
Accrued dividends payable	`DividendsPayableCurrent`	$47.67M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$7.96M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$10.06M	USD	Point-in-time
Accrued income taxes payable	`AccruedIncomeTaxesCurrent`	$76.73M	USD	Point-in-time
Accrued income taxes payable	`AccruedIncomeTaxesCurrent`	$5.29M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$30.39M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$30.38M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$249.62M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$131.94M	USD	Point-in-time
Long-term debt, less current maturities	`LongTermDebtNoncurrent`	$40.80M	USD	Point-in-time
Long-term debt, less current maturities	`LongTermDebtNoncurrent`	$34.59M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$5.75M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$5.63M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$44.80M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$45.61M	USD	Point-in-time
Total liabilities	`Liabilities`	$334.63M	USD	Point-in-time
Total liabilities	`Liabilities`	$224.09M	USD	Point-in-time
Commitments and contingencies - See Note 4	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies - See Note 4	`CommitmentsAndContingencies`	-	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$44.06M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$43.30M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$775.31M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$679.97M	USD	Point-in-time
Accumulated other comprehensive income (loss), net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$22.00K	USD	Point-in-time
Accumulated other comprehensive income (loss), net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-158.00K	USD	Point-in-time
Common stock in treasury at cost 26,563 shares at August 29, 2015 and May 30, 2015	`TreasuryStockValue`	$20.48M	USD	Point-in-time
Common stock in treasury at cost 26,563 shares at August 29, 2015 and May 30, 2015	`TreasuryStockValue`	$20.48M	USD	Point-in-time
Total Cal-Maine Foods, Inc. stockholders' equity	`StockholdersEquity`	$799.48M	USD	Point-in-time
Total Cal-Maine Foods, Inc. stockholders' equity	`StockholdersEquity`	$703.56M	USD	Point-in-time
Noncontrolling interest in consolidated entities	`MinorityInterest`	$998.00K	USD	Point-in-time
Noncontrolling interest in consolidated entities	`MinorityInterest`	$2.06M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$704.56M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$801.53M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$1.14B	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$928.65M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$609.89M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$356.94M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$346.82M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$275.84M	USD	1 Quarter
Gross profit	`GrossProfit`	$263.07M	USD	1 Quarter
Gross profit	`GrossProfit`	$81.10M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$42.96M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$39.94M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$41.16M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$220.11M	USD	1 Quarter
Interest income (expense)	`InterestIncomeExpenseNet`	$27.00K	USD	1 Quarter
Interest income (expense)	`InterestIncomeExpenseNet`	$-534.00K	USD	1 Quarter
Royalty income	`RoyaltyIncomeNonoperating`	$606.00K	USD	1 Quarter
Royalty income	`RoyaltyIncomeNonoperating`	$572.00K	USD	1 Quarter
Patronage dividends	`PatronageIncome`	$237.00K	USD	1 Quarter
Patronage dividends	`PatronageIncome`	-	USD	1 Quarter
Equity in income of affiliates	`IncomeLossFromEquityMethodInvestments`	$730.00K	USD	1 Quarter
Equity in income of affiliates	`IncomeLossFromEquityMethodInvestments`	$310.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$1.04M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-814.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$549.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$1.62M	USD	1 Quarter
Income before income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$220.66M	USD	1 Quarter
Income before income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$42.79M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$14.60M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$76.57M	USD	1 Quarter
Net income before noncontrolling interest	`ProfitLoss`	$28.18M	USD	1 Quarter
Net income before noncontrolling interest	`ProfitLoss`	$144.09M	USD	1 Quarter
Less: Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.07M	USD	1 Quarter
Less: Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$530.00K	USD	1 Quarter
Net income attributable to Cal-Maine Foods, Inc.	`NetIncomeLoss`	$27.66M	USD	1 Quarter
Net income attributable to Cal-Maine Foods, Inc.	`NetIncomeLoss`	$143.02M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.97	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.57	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.95	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.57	USD	1 Quarter
Dividends per common share	`CommonStockDividendsPerShareDeclared`	$0.19	USD	1 Quarter
Dividends per common share	`CommonStockDividendsPerShareDeclared`	$0.98	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	48.16M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	48.13M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.40M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.50M	shares	1 Quarter

Cash Flow Statement 41 line items

Line Item	Tag	Value	Unit	Period
Net income including noncontrolling interests	`ProfitLoss`	$28.18M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$144.09M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.06M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.12M	USD	1 Quarter
Other adjustments, net	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$649.00K	USD	1 Quarter
Other adjustments, net	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-1.04M	USD	1 Quarter
Net cash provided by operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$37.96M	USD	1 Quarter
Net cash provided by operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$154.12M	USD	1 Quarter
Purchase of investments	`PaymentsToAcquireInvestments`	$80.67M	USD	1 Quarter
Purchase of investments	`PaymentsToAcquireInvestments`	$43.71M	USD	1 Quarter
Sales of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$41.93M	USD	1 Quarter
Sales of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$43.94M	USD	1 Quarter
Investment in joint venture	`PaymentsToAcquireInterestInJointVenture`	$18.00M	USD	1 Quarter
Investment in joint venture	`PaymentsToAcquireInterestInJointVenture`	$3.01M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$20.52M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.27M	USD	1 Quarter
Payments received on notes receivable and from affiliates	`ProceedsFromSaleAndCollectionOfNotesReceivable`	$107.00K	USD	1 Quarter
Payments received on notes receivable and from affiliates	`ProceedsFromSaleAndCollectionOfNotesReceivable`	$745.00K	USD	1 Quarter
Net proceeds from disposal of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$86.00K	USD	1 Quarter
Net proceeds from disposal of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$171.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-69.71M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-24.49M	USD	1 Quarter
Proceeds from issuance of common stock from treasury, net (including tax benefit on nonqualifying disposition of incentive stock options)	`ProceedsFromSaleOfTreasuryStock`	$60.00K	USD	1 Quarter
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$10.00K	USD	1 Quarter
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$429.00K	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$8.31M	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$2.62M	USD	1 Quarter
Payments of dividends	`PaymentsOfDividends`	$15.38M	USD	1 Quarter
Payments of dividends	`PaymentsOfDividends`	$10.45M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-23.70M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-13.44M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$60.70M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$31.00K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$69.37M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.67M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.52M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.55M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$69.37M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.67M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$14.52M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$14.55M	USD	Point-in-time

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net income including noncontrolling interests	`ProfitLoss`	$28.18M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$144.09M	USD	1 Quarter
Unrealized holding loss on available-for-sale securities, net of reclassification adjustments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax`	$-300.00K	USD	1 Quarter
Unrealized holding loss on available-for-sale securities, net of reclassification adjustments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax`	$-16.00K	USD	1 Quarter
Other comprehensive loss, before tax	`OtherComprehensiveIncomeLossBeforeTax`	$-300.00K	USD	1 Quarter
Other comprehensive loss, before tax	`OtherComprehensiveIncomeLossBeforeTax`	$-16.00K	USD	1 Quarter
Income tax benefit related to items of other comprehensive income	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent1`	$-120.00K	USD	1 Quarter
Income tax benefit related to items of other comprehensive income	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent1`	$-6.00K	USD	1 Quarter
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-180.00K	USD	1 Quarter
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-10.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$28.18M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$143.91M	USD	1 Quarter
Less: comprehensive income attributable to the noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$530.00K	USD	1 Quarter
Less: comprehensive income attributable to the noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.07M	USD	1 Quarter
Comprehensive income attributable to Cal-Maine Foods, Inc.	`ComprehensiveIncomeNetOfTax`	$142.84M	USD	1 Quarter
Comprehensive income attributable to Cal-Maine Foods, Inc.	`ComprehensiveIncomeNetOfTax`	$27.64M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.