10-Q Filing

CAL-MAINE FOODS INC CIK: 16160 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0000016160-19-000065`
Period End Date	20190831
Filing Date	20190930
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	calm-10qx83119_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 40 Cash Flow Statement 47 Comprehensive Income 14

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$206.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$422.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$48.43M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$49.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$69.25M	USD	Point-in-time
Investment securities available-for-sale	`AvailableForSaleSecuritiesCurrent`	$250.18M	USD	Point-in-time
Investment securities available-for-sale	`AvailableForSaleSecuritiesCurrent`	$189.70M	USD	Point-in-time
Trade and other receivables, net	`AccountsReceivableNetCurrent`	$71.76M	USD	Point-in-time
Trade and other receivables, net	`AccountsReceivableNetCurrent`	$78.36M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	48.69M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	48.63M	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	26.37M	shares	Point-in-time
Inventories	`InventoryNet`	$172.24M	USD	Point-in-time
Inventories	`InventoryNet`	$182.40M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	26.37M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.33M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$567.75M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$502.94M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$455.35M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$462.15M	USD	Point-in-time
Finance lease right-of-use asset, net	`FinanceLeaseRightOfUseAsset`	$947.00K	USD	Point-in-time
Finance lease right-of-use asset, net	`FinanceLeaseRightOfUseAsset`	$793.00K	USD	Point-in-time
Operating lease right-of-use asset, net	`OperatingLeaseRightOfUseAsset`	$2.05M	USD	Point-in-time
Investments in unconsolidated entities	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$66.25M	USD	Point-in-time
Investments in unconsolidated entities	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$67.55M	USD	Point-in-time
Goodwill	`Goodwill`	$35.52M	USD	Point-in-time
Goodwill	`Goodwill`	$35.52M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$23.06M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$23.76M	USD	Point-in-time
Other long-lived assets	`OtherAssetsNoncurrent`	$5.39M	USD	Point-in-time
Other long-lived assets	`OtherAssetsNoncurrent`	$4.11M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.16B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.10B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$73.21M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$73.91M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$1.50M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$750.00K	USD	Point-in-time
Current portion of finance lease obligation	`CapitalLeaseObligationsCurrent`	$198.00K	USD	Point-in-time
Current portion of finance lease obligation	`CapitalLeaseObligationsCurrent`	$196.00K	USD	Point-in-time
Current portion of operating lease obligation	`OperatingLeaseLiabilityCurrent`	$628.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$75.49M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$74.91M	USD	Point-in-time
Long-term finance lease obligation	`CapitalLeaseObligationsNoncurrent`	$807.00K	USD	Point-in-time
Long-term finance lease obligation	`CapitalLeaseObligationsNoncurrent`	$858.00K	USD	Point-in-time
Long-term operating lease obligation	`OperatingLeaseLiabilityNoncurrent`	$1.42M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$8.11M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$7.71M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$82.60M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$67.68M	USD	Point-in-time
Total liabilities	`Liabilities`	$166.47M	USD	Point-in-time
Total liabilities	`Liabilities`	$153.10M	USD	Point-in-time
Commitment and contingencies - see Note 11	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitment and contingencies - see Note 11	`CommitmentsAndContingencies`	-	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$57.75M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$56.86M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$908.77M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$954.53M	USD	Point-in-time
Accumulated other comprehensive income (loss), net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$355.00K	USD	Point-in-time
Accumulated other comprehensive income (loss), net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-87.00K	USD	Point-in-time
Common stock in treasury at cost	`TreasuryStockValue`	$25.88M	USD	Point-in-time
Common stock in treasury at cost	`TreasuryStockValue`	$25.87M	USD	Point-in-time
Total Cal-Maine Foods, Inc. stockholders equity	`StockholdersEquity`	$986.62M	USD	Point-in-time
Total Cal-Maine Foods, Inc. stockholders equity	`StockholdersEquity`	$941.30M	USD	Point-in-time
Noncontrolling interest in consolidated entities	`MinorityInterest`	$3.18M	USD	Point-in-time
Noncontrolling interest in consolidated entities	`MinorityInterest`	$2.47M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$989.81M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$943.77M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$965.56M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$955.68M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$1.16B	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$1.10B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$340.58M	USD	1 Quarter
Net sales	`Revenues`	$241.17M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$283.45M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$262.29M	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$57.13M	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$-21.12M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$44.51M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$42.48M	USD	1 Quarter
Gain on disposal of fixed assets	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$59.00K	USD	1 Quarter
Gain on disposal of fixed assets	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$130.00K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$12.68M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-63.47M	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$1.69M	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$1.78M	USD	1 Quarter
Royalty income	`RoyaltyIncomeNonoperating`	$501.00K	USD	1 Quarter
Royalty income	`RoyaltyIncomeNonoperating`	$411.00K	USD	1 Quarter
Equity in income (loss) of affiliates	`IncomeLossFromEquityMethodInvestments`	$-454.00K	USD	1 Quarter
Equity in income (loss) of affiliates	`IncomeLossFromEquityMethodInvestments`	$1.43M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$101.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$1.34M	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$2.98M	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$3.82M	USD	1 Quarter
Income (loss) before income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$16.49M	USD	1 Quarter
Income (loss) before income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-60.49M	USD	1 Quarter
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$-14.77M	USD	1 Quarter
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$3.75M	USD	1 Quarter
Net income (loss) before noncontrolling interest	`ProfitLoss`	$-45.72M	USD	1 Quarter
Net income (loss) before noncontrolling interest	`ProfitLoss`	$12.74M	USD	1 Quarter
Less: Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$39.00K	USD	1 Quarter
Less: Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$338.00K	USD	1 Quarter
Net income (loss) attributable to Cal-Maine Foods, Inc.	`NetIncomeLoss`	$-45.76M	USD	1 Quarter
Net income (loss) attributable to Cal-Maine Foods, Inc.	`NetIncomeLoss`	$12.40M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.26	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.94	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.94	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.26	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	48.39M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	48.45M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.52M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.45M	shares	1 Quarter

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net income (loss), including noncontrolling interests	`ProfitLoss`	$-45.72M	USD	1 Quarter
Net income (loss), including noncontrolling interests	`ProfitLoss`	$12.74M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.62M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.55M	USD	1 Quarter
Impairment loss on property, plant & equipment	`AssetImpairmentCharges`	-	USD	1 Quarter
Impairment loss on property, plant & equipment	`AssetImpairmentCharges`	$2.92M	USD	1 Quarter
Other adjustments, net	`OtherOperatingActivitiesCashFlowStatement`	$-5.11M	USD	1 Quarter
Other adjustments, net	`OtherOperatingActivitiesCashFlowStatement`	$-31.50M	USD	1 Quarter
Net cash provided by (used in) operations	`NetCashProvidedByUsedInOperatingActivities`	$21.18M	USD	1 Quarter
Net cash provided by (used in) operations	`NetCashProvidedByUsedInOperatingActivities`	$-60.68M	USD	1 Quarter
Purchases of investment securities	`PaymentsToAcquireInvestments`	$42.79M	USD	1 Quarter
Purchases of investment securities	`PaymentsToAcquireInvestments`	$9.11M	USD	1 Quarter
Sales and maturities of investment securities	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$69.92M	USD	1 Quarter
Sales and maturities of investment securities	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$52.98M	USD	1 Quarter
Investment in unconsolidated entities	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	-	USD	1 Quarter
Investment in unconsolidated entities	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	$4.27M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.20M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$23.67M	USD	1 Quarter
Distributions from unconsolidated entities	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$1.00M	USD	1 Quarter
Distributions from unconsolidated entities	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$858.00K	USD	1 Quarter
Net proceeds from disposal of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.38M	USD	1 Quarter
Net proceeds from disposal of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$93.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.19M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$39.38M	USD	1 Quarter
Purchase of common stock by treasury	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Purchase of common stock by treasury	`PaymentsForRepurchaseOfCommonStock`	$11.00K	USD	1 Quarter
Distributions to noncontrolling interests	`ProceedsFromPaymentsToMinorityShareholders`	$-756.00K	USD	1 Quarter
Distributions to noncontrolling interests	`ProceedsFromPaymentsToMinorityShareholders`	-	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$1.26M	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$750.00K	USD	1 Quarter
Principal payments on finance lease	`FinanceLeasePrincipalPayments`	$64.00K	USD	1 Quarter
Principal payments on finance lease	`FinanceLeasePrincipalPayments`	$48.00K	USD	1 Quarter
Payment of dividends	`PaymentsOfDividends`	$17.07M	USD	1 Quarter
Payment of dividends	`PaymentsOfDividends`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-18.40M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.56M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$593.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-22.86M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$48.43M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$49.02M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$46.39M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$69.25M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$48.43M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$49.02M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$46.39M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$69.25M	USD	Point-in-time
Cash paid for operating leases	`NonCashChangeInOperatingLeaseLiability`	$197.00K	USD	1 Quarter

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net income (loss), including noncontrolling interests	`ProfitLoss`	$-45.72M	USD	1 Quarter
Net income (loss), including noncontrolling interests	`ProfitLoss`	$12.74M	USD	1 Quarter
Unrealized holding gain (loss) on available-for-sale securities, net of reclassification adjustments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax`	$-584.00K	USD	1 Quarter
Unrealized holding gain (loss) on available-for-sale securities, net of reclassification adjustments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax`	$467.00K	USD	1 Quarter
Income tax benefit (expense) related to items of other comprehensive loss	`OtherComprehensiveIncomeLossTax`	$114.00K	USD	1 Quarter
Income tax benefit (expense) related to items of other comprehensive loss	`OtherComprehensiveIncomeLossTax`	$-142.00K	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-442.00K	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$353.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$13.10M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-46.16M	USD	1 Quarter
Less: comprehensive income attributable to the noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$39.00K	USD	1 Quarter
Less: comprehensive income attributable to the noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$338.00K	USD	1 Quarter
Comprehensive income (loss) attributable to Cal-Maine Foods, Inc.	`ComprehensiveIncomeNetOfTax`	$12.76M	USD	1 Quarter
Comprehensive income (loss) attributable to Cal-Maine Foods, Inc.	`ComprehensiveIncomeNetOfTax`	$-46.20M	USD	1 Quarter

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