10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000091419-18-000008 |
| Period End Date | 20180731 |
| Filing Date | 20180827 |
| Fiscal Year | 2019 |
| Fiscal Period | Q1 |
| XBRL Instance | sjm-20180731.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
74 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$183.20M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$192.00M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$192.60M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$166.80M | USD | Point-in-time |
| Trade receivables, less allowance for doubtful accounts |
AccountsReceivableNetCurrent
|
$385.60M | USD | Point-in-time |
| Trade receivables, less allowance for doubtful accounts |
AccountsReceivableNetCurrent
|
$504.20M | USD | Point-in-time |
| Finished products |
InventoryFinishedGoodsAndWorkInProcess
|
$660.40M | USD | Point-in-time |
| Finished products |
InventoryFinishedGoodsAndWorkInProcess
|
$542.10M | USD | Point-in-time |
| Raw materials |
InventoryRawMaterials
|
$357.00M | USD | Point-in-time |
| Raw materials |
InventoryRawMaterials
|
$312.30M | USD | Point-in-time |
| Total Inventory |
InventoryNet
|
$1.02B | USD | Point-in-time |
| Total Inventory |
InventoryNet
|
$854.40M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$122.40M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$92.20M | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$1.55B | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$1.81B | USD | Point-in-time |
| Land and land improvements |
LandAndLandImprovements
|
$120.10M | USD | Point-in-time |
| Land and land improvements |
LandAndLandImprovements
|
$121.20M | USD | Point-in-time |
| Buildings and fixtures |
BuildingsAndImprovementsGross
|
$812.60M | USD | Point-in-time |
| Buildings and fixtures |
BuildingsAndImprovementsGross
|
$831.80M | USD | Point-in-time |
| Machinery and equipment |
MachineryAndEquipmentGross
|
$2.19B | USD | Point-in-time |
| Machinery and equipment |
MachineryAndEquipmentGross
|
$2.11B | USD | Point-in-time |
| Construction in progress |
ConstructionInProgressGross
|
$212.10M | USD | Point-in-time |
| Construction in progress |
ConstructionInProgressGross
|
$253.90M | USD | Point-in-time |
| Gross Property, Plant, and Equipment |
PropertyPlantAndEquipmentGross
|
$3.26B | USD | Point-in-time |
| Gross Property, Plant, and Equipment |
PropertyPlantAndEquipmentGross
|
$3.40B | USD | Point-in-time |
| Accumulated depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$1.53B | USD | Point-in-time |
| Accumulated depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$1.57B | USD | Point-in-time |
| Total Property, Plant, and Equipment |
PropertyPlantAndEquipmentNet
|
$1.83B | USD | Point-in-time |
| Total Property, Plant, and Equipment |
PropertyPlantAndEquipmentNet
|
$1.73B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$6.62B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$5.94B | USD | Point-in-time |
| Other intangible assets net |
IntangibleAssetsNetExcludingGoodwill
|
$7.10B | USD | Point-in-time |
| Other intangible assets net |
IntangibleAssetsNetExcludingGoodwill
|
$5.92B | USD | Point-in-time |
| Other noncurrent assets |
OtherAssetsMiscellaneousNoncurrent
|
$162.30M | USD | Point-in-time |
| Other noncurrent assets |
OtherAssetsMiscellaneousNoncurrent
|
$158.40M | USD | Point-in-time |
| Total Other Noncurrent Assets |
OtherAssetsNoncurrent
|
$12.02B | USD | Point-in-time |
| Total Other Noncurrent Assets |
OtherAssetsNoncurrent
|
$13.88B | USD | Point-in-time |
| Total Assets |
Assets
|
$17.51B | USD | Point-in-time |
| Total Assets |
Assets
|
$15.30B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$532.10M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$512.10M | USD | Point-in-time |
| Accrued trade marketing and merchandising |
AccruedMarketingCostsCurrent
|
$141.60M | USD | Point-in-time |
| Accrued trade marketing and merchandising |
AccruedMarketingCostsCurrent
|
$101.60M | USD | Point-in-time |
| Short-term borrowings |
ShortTermBorrowings
|
$530.00M | USD | Point-in-time |
| Short-term borrowings |
ShortTermBorrowings
|
$144.00M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$340.30M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$276.10M | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$1.03B | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$1.54B | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$6.18B | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$4.69B | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesNoncurrent
|
$1.55B | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesNoncurrent
|
$1.38B | USD | Point-in-time |
| Other noncurrent liabilities |
OtherLiabilitiesNoncurrent
|
$311.10M | USD | Point-in-time |
| Other noncurrent liabilities |
OtherLiabilitiesNoncurrent
|
$303.10M | USD | Point-in-time |
| Total Noncurrent Liabilities |
LiabilitiesNoncurrent
|
$8.04B | USD | Point-in-time |
| Total Noncurrent Liabilities |
LiabilitiesNoncurrent
|
$6.38B | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$7.41B | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$9.58B | USD | Point-in-time |
| Common shares |
CommonStockValueOutstanding
|
$28.90M | USD | Point-in-time |
| Common shares |
CommonStockValueOutstanding
|
$28.90M | USD | Point-in-time |
| Additional capital |
AdditionalPaidInCapitalCommonStock
|
$5.75B | USD | Point-in-time |
| Additional capital |
AdditionalPaidInCapitalCommonStock
|
$5.74B | USD | Point-in-time |
| Retained income |
RetainedEarningsAccumulatedDeficit
|
$2.24B | USD | Point-in-time |
| Retained income |
RetainedEarningsAccumulatedDeficit
|
$2.28B | USD | Point-in-time |
| Accumulated other comprehensive income (loss) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-116.70M | USD | Point-in-time |
| Accumulated other comprehensive income (loss) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-106.70M | USD | Point-in-time |
| Accumulated other comprehensive income (loss) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-143.40M | USD | Point-in-time |
| Accumulated other comprehensive income (loss) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-118.80M | USD | Point-in-time |
| Total Shareholders Equity |
StockholdersEquity
|
$7.89B | USD | Point-in-time |
| Total Shareholders Equity |
StockholdersEquity
|
$7.93B | USD | Point-in-time |
| Total Liabilities and Shareholders Equity |
LiabilitiesAndStockholdersEquity
|
$15.30B | USD | Point-in-time |
| Total Liabilities and Shareholders Equity |
LiabilitiesAndStockholdersEquity
|
$17.51B | USD | Point-in-time |
Income Statement
32 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
SalesRevenueGoodsNet
|
$1.75B | USD | 1 Quarter |
| Net sales |
SalesRevenueGoodsNet
|
$1.90B | USD | 1 Quarter |
| Cost of products sold |
CostOfGoodsSold
|
$1.22B | USD | 1 Quarter |
| Cost of products sold |
CostOfGoodsSold
|
$1.09B | USD | 1 Quarter |
| Gross Profit |
GrossProfit
|
$662.10M | USD | 1 Quarter |
| Gross Profit |
GrossProfit
|
$678.20M | USD | 1 Quarter |
| Selling, distribution, and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$383.30M | USD | 1 Quarter |
| Selling, distribution, and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$348.80M | USD | 1 Quarter |
| Amortization |
AmortizationOfIntangibleAssets
|
$60.50M | USD | 1 Quarter |
| Amortization |
AmortizationOfIntangibleAssets
|
$51.50M | USD | 1 Quarter |
| Other special project costs |
OtherSpecialProjectCosts
|
$7.70M | USD | 1 Quarter |
| Other special project costs |
OtherSpecialProjectCosts
|
$27.10M | USD | 1 Quarter |
| Other operating expense (income) net |
OtherOperatingIncomeExpenseNet
|
$500.00K | USD | 1 Quarter |
| Other operating expense (income) net |
OtherOperatingIncomeExpenseNet
|
$200.00K | USD | 1 Quarter |
| Operating Income |
OperatingIncomeLoss
|
$235.20M | USD | 1 Quarter |
| Operating Income |
OperatingIncomeLoss
|
$226.90M | USD | 1 Quarter |
| Interest expense net |
InterestIncomeExpenseNet
|
$-53.60M | USD | 1 Quarter |
| Interest expense net |
InterestIncomeExpenseNet
|
$-42.00M | USD | 1 Quarter |
| Other income (expense) net |
OtherNonoperatingIncomeExpense
|
$-4.20M | USD | 1 Quarter |
| Other income (expense) net |
OtherNonoperatingIncomeExpense
|
$-200.00K | USD | 1 Quarter |
| Income Before Income Taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$189.00M | USD | 1 Quarter |
| Income Before Income Taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$173.10M | USD | 1 Quarter |
| Income tax expense (benefit) |
IncomeTaxExpenseBenefit
|
$40.10M | USD | 1 Quarter |
| Income tax expense (benefit) |
IncomeTaxExpenseBenefit
|
$62.20M | USD | 1 Quarter |
| Net Income |
NetIncomeLoss
|
$133.00M | USD | 1 Quarter |
| Net Income |
NetIncomeLoss
|
$126.80M | USD | 1 Quarter |
| Net Income (in dollars per share) |
EarningsPerShareBasic
|
$1.17 | USD | 1 Quarter |
| Net Income (in dollars per share) |
EarningsPerShareBasic
|
$1.12 | USD | 1 Quarter |
| Net Income - Assuming Dilution (in dollars per share) |
EarningsPerShareDiluted
|
$1.12 | USD | 1 Quarter |
| Net Income - Assuming Dilution (in dollars per share) |
EarningsPerShareDiluted
|
$1.17 | USD | 1 Quarter |
| Dividends Declared per Common Share (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.85 | USD | 1 Quarter |
| Dividends Declared per Common Share (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.78 | USD | 1 Quarter |
Cash Flow Statement
60 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$133.00M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$126.80M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$54.50M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$51.40M | USD | 1 Quarter |
| Amortization |
AmortizationOfIntangibleAssets
|
$60.50M | USD | 1 Quarter |
| Amortization |
AmortizationOfIntangibleAssets
|
$51.50M | USD | 1 Quarter |
| Share-based compensation expense |
ShareBasedCompensation
|
$6.60M | USD | 1 Quarter |
| Share-based compensation expense |
ShareBasedCompensation
|
$4.60M | USD | 1 Quarter |
| Other noncash adjustments net |
OtherNoncashIncomeExpense
|
$-1.10M | USD | 1 Quarter |
| Other noncash adjustments net |
OtherNoncashIncomeExpense
|
$-800.00K | USD | 1 Quarter |
| Defined benefit pension contributions |
PensionContributions
|
$800.00K | USD | 1 Quarter |
| Defined benefit pension contributions |
PensionContributions
|
- | USD | 1 Quarter |
| Trade receivables |
IncreaseDecreaseInAccountsReceivable
|
$52.70M | USD | 1 Quarter |
| Trade receivables |
IncreaseDecreaseInAccountsReceivable
|
$-7.30M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$71.20M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$65.70M | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-21.80M | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-4.30M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$800.00K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$35.30M | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$52.50M | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$52.60M | USD | 1 Quarter |
| Income and other taxes |
IncreaseDecreaseInIncomeTaxesExcludingDeferredIncomeTaxes
|
$35.90M | USD | 1 Quarter |
| Income and other taxes |
IncreaseDecreaseInIncomeTaxesExcludingDeferredIncomeTaxes
|
$58.90M | USD | 1 Quarter |
| Other net |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$-800.00K | USD | 1 Quarter |
| Other net |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$23.30M | USD | 1 Quarter |
| Net Cash Provided by (Used for) Operating Activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$304.30M | USD | 1 Quarter |
| Net Cash Provided by (Used for) Operating Activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$243.00M | USD | 1 Quarter |
| Business acquired, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
- | USD | 1 Quarter |
| Business acquired, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$1.91B | USD | 1 Quarter |
| Additions to property, plant, and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$101.30M | USD | 1 Quarter |
| Additions to property, plant, and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$69.60M | USD | 1 Quarter |
| Other net |
PaymentsForProceedsFromOtherInvestingActivities
|
$25.20M | USD | 1 Quarter |
| Other net |
PaymentsForProceedsFromOtherInvestingActivities
|
$-31.50M | USD | 1 Quarter |
| Net Cash Provided by (Used for) Investing Activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-2.03B | USD | 1 Quarter |
| Net Cash Provided by (Used for) Investing Activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-38.10M | USD | 1 Quarter |
| Short-term borrowings (repayments) net |
ProceedsFromRepaymentsOfShortTermDebt
|
$-170.10M | USD | 1 Quarter |
| Short-term borrowings (repayments) net |
ProceedsFromRepaymentsOfShortTermDebt
|
$386.00M | USD | 1 Quarter |
| Proceeds from long-term debt |
ProceedsFromIssuanceOfLongTermDebt
|
- | USD | 1 Quarter |
| Proceeds from long-term debt |
ProceedsFromIssuanceOfLongTermDebt
|
$1.50B | USD | 1 Quarter |
| Quarterly dividends paid |
PaymentsOfDividendsCommonStock
|
$88.40M | USD | 1 Quarter |
| Quarterly dividends paid |
PaymentsOfDividendsCommonStock
|
$84.90M | USD | 1 Quarter |
| Purchase of treasury shares |
PaymentsForRepurchaseOfCommonStock
|
$4.70M | USD | 1 Quarter |
| Purchase of treasury shares |
PaymentsForRepurchaseOfCommonStock
|
$6.60M | USD | 1 Quarter |
| Other net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$1.50M | USD | 1 Quarter |
| Other net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-2.40M | USD | 1 Quarter |
| Net Cash Provided by (Used for) Financing Activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-260.10M | USD | 1 Quarter |
| Net Cash Provided by (Used for) Financing Activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$1.79B | USD | 1 Quarter |
| Effect of exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-2.60M | USD | 1 Quarter |
| Effect of exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$10.30M | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$16.40M | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-600.00K | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$183.20M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$192.00M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$192.60M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$166.80M | USD | Point-in-time |
| Cash and Cash Equivalents at End of Period |
CashAndCashEquivalentsAtCarryingValue
|
$183.20M | USD | Point-in-time |
| Cash and Cash Equivalents at End of Period |
CashAndCashEquivalentsAtCarryingValue
|
$192.00M | USD | Point-in-time |
| Cash and Cash Equivalents at End of Period |
CashAndCashEquivalentsAtCarryingValue
|
$192.60M | USD | Point-in-time |
| Cash and Cash Equivalents at End of Period |
CashAndCashEquivalentsAtCarryingValue
|
$166.80M | USD | Point-in-time |
Comprehensive Income
14 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$133.00M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$126.80M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$35.00M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$-6.10M | USD | 1 Quarter |
| Cash flow hedging derivative activity, net of tax |
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
|
$2.10M | USD | 1 Quarter |
| Cash flow hedging derivative activity, net of tax |
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
|
$1.60M | USD | 1 Quarter |
| Pension and other postretirement benefit plans activity, net of tax |
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
|
$200.00K | USD | 1 Quarter |
| Pension and other postretirement benefit plans activity, net of tax |
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
|
$-1.60M | USD | 1 Quarter |
| Available-for-sale securities activity, net of tax |
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
$300.00K | USD | 1 Quarter |
| Available-for-sale securities activity, net of tax |
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
$300.00K | USD | 1 Quarter |
| Total Other Comprehensive Income (Loss) |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$36.70M | USD | 1 Quarter |
| Total Other Comprehensive Income (Loss) |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$-2.10M | USD | 1 Quarter |
| Comprehensive Income |
ComprehensiveIncomeNetOfTax
|
$130.90M | USD | 1 Quarter |
| Comprehensive Income |
ComprehensiveIncomeNetOfTax
|
$163.50M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.