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10-Q Filing

J M SMUCKER CO CIK: 91419 Q1 2024
Filing Information
Form Type 10-Q
Accession Number 0000091419-23-000113
Period End Date 20230731
Filing Date 20230829
Fiscal Year 2024
Fiscal Period Q1
XBRL Instance sjm-20230731_htm.xml
Balance Sheet 80 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $169.90M USD Point-in-time
Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $241.10M USD Point-in-time
Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $655.80M USD Point-in-time
Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $151.60M USD Point-in-time
Trade receivables net AccountsReceivableNetCurrent $592.40M USD Point-in-time
Trade receivables net AccountsReceivableNetCurrent $597.60M USD Point-in-time
Finished products InventoryFinishedGoodsAndWorkInProcessNetOfReserves $692.10M USD Point-in-time
Finished products InventoryFinishedGoodsAndWorkInProcessNetOfReserves $657.60M USD Point-in-time
Raw materials InventoryRawMaterialsNetOfReserves $401.30M USD Point-in-time
Raw materials InventoryRawMaterialsNetOfReserves $352.20M USD Point-in-time
Total Inventory InventoryNet $1.01B USD Point-in-time
Total Inventory InventoryNet $1.09B USD Point-in-time
Investment in equity securities InvestmentInEquitySecuritiesCurrent $459.80M USD Point-in-time
Investment in equity securities InvestmentInEquitySecuritiesCurrent $487.80M USD Point-in-time
Other current assets OtherAssetsCurrent $107.70M USD Point-in-time
Other current assets OtherAssetsCurrent $110.10M USD Point-in-time
Total Current Assets AssetsCurrent $2.86B USD Point-in-time
Total Current Assets AssetsCurrent $2.50B USD Point-in-time
Land and land improvements LandAndLandImprovements $131.00M USD Point-in-time
Land and land improvements LandAndLandImprovements $131.00M USD Point-in-time
Buildings and fixtures BuildingsAndImprovementsGross $960.00M USD Point-in-time
Buildings and fixtures BuildingsAndImprovementsGross $956.10M USD Point-in-time
Machinery and equipment MachineryAndEquipmentGross $2.44B USD Point-in-time
Machinery and equipment MachineryAndEquipmentGross $2.45B USD Point-in-time
Construction in progress ConstructionInProgressGross $697.40M USD Point-in-time
Construction in progress ConstructionInProgressGross $629.40M USD Point-in-time
Gross Property, Plant, and Equipment PropertyPlantAndEquipmentGross $4.24B USD Point-in-time
Gross Property, Plant, and Equipment PropertyPlantAndEquipmentGross $4.16B USD Point-in-time
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $1.95B USD Point-in-time
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $1.92B USD Point-in-time
Total Property, Plant, and Equipment PropertyPlantAndEquipmentNet $2.24B USD Point-in-time
Total Property, Plant, and Equipment PropertyPlantAndEquipmentNet $2.29B USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $169.20M USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $103.00M USD Point-in-time
Goodwill Goodwill $5.22B USD Point-in-time
Goodwill Goodwill $5.22B USD Point-in-time
Other intangible assets net IntangibleAssetsNetExcludingGoodwill $4.39B USD Point-in-time
Other intangible assets net IntangibleAssetsNetExcludingGoodwill $4.43B USD Point-in-time
Other noncurrent assets OtherAssetsMiscellaneousNoncurrent $144.00M USD Point-in-time
Other noncurrent assets OtherAssetsMiscellaneousNoncurrent $144.00M USD Point-in-time
Total Other Noncurrent Assets OtherAssetsNoncurrent $9.93B USD Point-in-time
Total Other Noncurrent Assets OtherAssetsNoncurrent $9.89B USD Point-in-time
Total Assets Assets $14.99B USD Point-in-time
Total Assets Assets $14.71B USD Point-in-time
Accounts payable AccountsPayableCurrent $1.39B USD Point-in-time
Accounts payable AccountsPayableCurrent $1.30B USD Point-in-time
Accrued trade marketing and merchandising AccruedMarketingCostsCurrent $171.80M USD Point-in-time
Accrued trade marketing and merchandising AccruedMarketingCostsCurrent $187.70M USD Point-in-time
Current operating lease liabilities OperatingLeaseLiabilityCurrent $33.20M USD Point-in-time
Current operating lease liabilities OperatingLeaseLiabilityCurrent $35.90M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $373.20M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $438.50M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $1.99B USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $1.95B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $4.32B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $4.31B USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $1.14B USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $1.13B USD Point-in-time
Noncurrent operating lease liabilities OperatingLeaseLiabilityNoncurrent $77.20M USD Point-in-time
Noncurrent operating lease liabilities OperatingLeaseLiabilityNoncurrent $141.10M USD Point-in-time
Other noncurrent liabilities OtherLiabilitiesNoncurrent $183.60M USD Point-in-time
Other noncurrent liabilities OtherLiabilitiesNoncurrent $174.20M USD Point-in-time
Total Noncurrent Liabilities LiabilitiesNoncurrent $5.76B USD Point-in-time
Total Noncurrent Liabilities LiabilitiesNoncurrent $5.71B USD Point-in-time
Total Liabilities Liabilities $7.70B USD Point-in-time
Total Liabilities Liabilities $7.71B USD Point-in-time
Common shares CommonStockValueOutstanding $26.10M USD Point-in-time
Common shares CommonStockValueOutstanding $25.50M USD Point-in-time
Additional capital AdditionalPaidInCapitalCommonStock $5.24B USD Point-in-time
Additional capital AdditionalPaidInCapitalCommonStock $5.37B USD Point-in-time
Retained income RetainedEarningsAccumulatedDeficit $1.96B USD Point-in-time
Retained income RetainedEarningsAccumulatedDeficit $2.13B USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-229.00M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-239.20M USD Point-in-time
Total Shareholders Equity StockholdersEquity $7.00B USD Point-in-time
Total Shareholders Equity StockholdersEquity $7.29B USD Point-in-time
Total Shareholders Equity StockholdersEquity $8.14B USD Point-in-time
Total Shareholders Equity StockholdersEquity $8.14B USD Point-in-time
Total Liabilities and Shareholders Equity LiabilitiesAndStockholdersEquity $14.99B USD Point-in-time
Total Liabilities and Shareholders Equity LiabilitiesAndStockholdersEquity $14.71B USD Point-in-time
Income Statement 28 line items
Line Item Tag Value Unit Period
Net sales RevenueFromContractWithCustomerIncludingAssessedTax $1.87B USD 1 Quarter
Net sales RevenueFromContractWithCustomerIncludingAssessedTax $1.81B USD 1 Quarter
Cost of products sold CostOfGoodsAndServicesSold $1.32B USD 1 Quarter
Cost of products sold CostOfGoodsAndServicesSold $1.15B USD 1 Quarter
Gross Profit GrossProfit $654.80M USD 1 Quarter
Gross Profit GrossProfit $552.50M USD 1 Quarter
Selling, distribution, and administrative expenses SellingGeneralAndAdministrativeExpense $313.60M USD 1 Quarter
Selling, distribution, and administrative expenses SellingGeneralAndAdministrativeExpense $343.80M USD 1 Quarter
Amortization AmortizationOfIntangibleAssets $39.80M USD 1 Quarter
Amortization AmortizationOfIntangibleAssets $55.60M USD 1 Quarter
Other operating expense (income) net OtherOperatingIncomeExpenseNet $26.60M USD 1 Quarter
Other operating expense (income) net OtherOperatingIncomeExpenseNet $2.10M USD 1 Quarter
Operating Income OperatingIncomeLoss $303.50M USD 1 Quarter
Operating Income OperatingIncomeLoss $179.70M USD 1 Quarter
Interest expense net InterestIncomeExpenseNonoperatingNet $-39.10M USD 1 Quarter
Interest expense net InterestIncomeExpenseNonoperatingNet $-32.10M USD 1 Quarter
Other income (expense) net OtherNonoperatingIncomeExpense $-33.00M USD 1 Quarter
Other income (expense) net OtherNonoperatingIncomeExpense $500.00K USD 1 Quarter
Income Before Income Taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $141.10M USD 1 Quarter
Income Before Income Taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $238.40M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $54.80M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $31.30M USD 1 Quarter
Net Income NetIncomeLoss $183.60M USD 1 Quarter
Net Income NetIncomeLoss $109.80M USD 1 Quarter
Net Income (in dollars per share) EarningsPerShareBasic $1.03 USD 1 Quarter
Net Income (in dollars per share) EarningsPerShareBasic $1.79 USD 1 Quarter
Net Income - Assuming Dilution (in dollars per share) EarningsPerShareDiluted $1.79 USD 1 Quarter
Net Income - Assuming Dilution (in dollars per share) EarningsPerShareDiluted $1.03 USD 1 Quarter
Cash Flow Statement 64 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $183.60M USD 1 Quarter
Net income NetIncomeLoss $109.80M USD 1 Quarter
Depreciation Depreciation $50.20M USD 1 Quarter
Depreciation Depreciation $55.10M USD 1 Quarter
Amortization AmortizationOfIntangibleAssets $39.80M USD 1 Quarter
Amortization AmortizationOfIntangibleAssets $55.60M USD 1 Quarter
Pension settlement loss (gain) DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1 - USD 1 Quarter
Pension settlement loss (gain) DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1 $-3.20M USD 1 Quarter
Unrealized loss (gain) on investment in equity securities UnrealizedGainLossOnInvestmentsNetUnrealizedGainLossOnDerivativeForwardContracts $-27.40M USD 1 Quarter
Unrealized loss (gain) on investment in equity securities UnrealizedGainLossOnInvestmentsNetUnrealizedGainLossOnDerivativeForwardContracts - USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $7.90M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $5.10M USD 1 Quarter
Deferred income tax expense (benefit) DeferredIncomeTaxExpenseBenefit - USD 1 Quarter
Deferred income tax expense (benefit) DeferredIncomeTaxExpenseBenefit $-8.90M USD 1 Quarter
Other noncash adjustments net OtherNoncashIncomeExpense $-4.80M USD 1 Quarter
Other noncash adjustments net OtherNoncashIncomeExpense $-2.50M USD 1 Quarter
Defined benefit pension contributions PensionContributions $700.00K USD 1 Quarter
Defined benefit pension contributions PensionContributions $70.70M USD 1 Quarter
Trade receivables IncreaseDecreaseInAccountsReceivable $-6.10M USD 1 Quarter
Trade receivables IncreaseDecreaseInAccountsReceivable $80.20M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $81.40M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $223.00M USD 1 Quarter
Other current assets IncreaseDecreaseInOtherOperatingAssets $4.80M USD 1 Quarter
Other current assets IncreaseDecreaseInOtherOperatingAssets $3.30M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $73.10M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-43.80M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-7.70M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $8.90M USD 1 Quarter
Income and other taxes IncreaseDecreaseInIncomeTaxesExcludingDeferredIncomeTaxes $57.30M USD 1 Quarter
Income and other taxes IncreaseDecreaseInIncomeTaxesExcludingDeferredIncomeTaxes $25.60M USD 1 Quarter
Other net IncreaseDecreaseInOtherOperatingCapitalNet $12.30M USD 1 Quarter
Other net IncreaseDecreaseInOtherOperatingCapitalNet $300.00K USD 1 Quarter
Net Cash Provided by (Used for) Operating Activities NetCashProvidedByUsedInOperatingActivities $-39.00M USD 1 Quarter
Net Cash Provided by (Used for) Operating Activities NetCashProvidedByUsedInOperatingActivities $217.90M USD 1 Quarter
Additions to property, plant, and equipment PaymentsToAcquirePropertyPlantAndEquipment $88.30M USD 1 Quarter
Additions to property, plant, and equipment PaymentsToAcquirePropertyPlantAndEquipment $150.30M USD 1 Quarter
Other net PaymentsForProceedsFromOtherInvestingActivities $1.60M USD 1 Quarter
Other net PaymentsForProceedsFromOtherInvestingActivities $-16.80M USD 1 Quarter
Net Cash Provided by (Used for) Investing Activities NetCashProvidedByUsedInInvestingActivities $-71.50M USD 1 Quarter
Net Cash Provided by (Used for) Investing Activities NetCashProvidedByUsedInInvestingActivities $-151.90M USD 1 Quarter
Short-term borrowings (repayments) net ProceedsFromRepaymentsOfShortTermDebt - USD 1 Quarter
Short-term borrowings (repayments) net ProceedsFromRepaymentsOfShortTermDebt $207.00M USD 1 Quarter
Quarterly dividends paid PaymentsOfDividendsCommonStock $105.10M USD 1 Quarter
Quarterly dividends paid PaymentsOfDividendsCommonStock $105.20M USD 1 Quarter
Purchase of treasury shares PaymentsForRepurchaseOfCommonStock $372.00M USD 1 Quarter
Purchase of treasury shares PaymentsForRepurchaseOfCommonStock $7.80M USD 1 Quarter
Proceeds from stock option exercises ProceedsFromStockOptionsExercised - USD 1 Quarter
Proceeds from stock option exercises ProceedsFromStockOptionsExercised $900.00K USD 1 Quarter
Other net ProceedsFromPaymentsForOtherFinancingActivities $-3.10M USD 1 Quarter
Other net ProceedsFromPaymentsForOtherFinancingActivities $-4.10M USD 1 Quarter
Net Cash Provided by (Used for) Financing Activities NetCashProvidedByUsedInFinancingActivities $-481.30M USD 1 Quarter
Net Cash Provided by (Used for) Financing Activities NetCashProvidedByUsedInFinancingActivities $91.90M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $300.00K USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $600.00K USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-18.30M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-414.70M USD 1 Quarter
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $169.90M USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $241.10M USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $655.80M USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $151.60M USD Point-in-time
Cash and Cash Equivalents at End of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $169.90M USD Point-in-time
Cash and Cash Equivalents at End of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $241.10M USD Point-in-time
Cash and Cash Equivalents at End of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $655.80M USD Point-in-time
Cash and Cash Equivalents at End of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $151.60M USD Point-in-time
Stockholders Equity 26 line items
Line Item Tag Value Unit Period
Cash dividends declared, per common share CommonStockDividendsPerShareDeclared $1.02 USD 1 Quarter
Cash dividends declared, per common share CommonStockDividendsPerShareDeclared $1.06 USD 1 Quarter
Balance StockholdersEquity $7.00B USD Point-in-time
Balance StockholdersEquity $7.29B USD Point-in-time
Balance StockholdersEquity $8.14B USD Point-in-time
Balance StockholdersEquity $8.14B USD Point-in-time
Balance, shares CommonStockSharesOutstanding 102.10M shares Point-in-time
Balance, shares CommonStockSharesOutstanding 104.40M shares Point-in-time
Net income NetIncomeLoss $183.60M USD 1 Quarter
Net income NetIncomeLoss $109.80M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $10.20M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $4.00M USD 1 Quarter
Comprehensive Income ComprehensiveIncomeNetOfTax $113.80M USD 1 Quarter
Comprehensive Income ComprehensiveIncomeNetOfTax $193.80M USD 1 Quarter
Purchase of treasury shares TreasuryStockValueAcquiredParValueMethod $375.60M USD 1 Quarter
Purchase of treasury shares TreasuryStockValueAcquiredParValueMethod $7.80M USD 1 Quarter
Stock plans StockIssuedDuringPeriodValueShareBasedCompensation $6.50M USD 1 Quarter
Stock plans StockIssuedDuringPeriodValueShareBasedCompensation $1.30M USD 1 Quarter
Cash dividends declared DividendsCommonStockCash $106.90M USD 1 Quarter
Cash dividends declared DividendsCommonStockCash $108.30M USD 1 Quarter
Balance StockholdersEquity $7.00B USD Point-in-time
Balance StockholdersEquity $7.29B USD Point-in-time
Balance StockholdersEquity $8.14B USD Point-in-time
Balance StockholdersEquity $8.14B USD Point-in-time
Balance, shares CommonStockSharesOutstanding 102.10M shares Point-in-time
Balance, shares CommonStockSharesOutstanding 104.40M shares Point-in-time
Comprehensive Income 14 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $183.60M USD 1 Quarter
Net income NetIncomeLoss $109.80M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $1.40M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $7.40M USD 1 Quarter
Cash flow hedging derivative activity, net of tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $2.60M USD 1 Quarter
Cash flow hedging derivative activity, net of tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $2.50M USD 1 Quarter
Pension and other postretirement benefit plans activity, net of tax OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent $-400.00K USD 1 Quarter
Pension and other postretirement benefit plans activity, net of tax OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent $-400.00K USD 1 Quarter
Available-for-sale securities activity, net of tax OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $-200.00K USD 1 Quarter
Available-for-sale securities activity, net of tax OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $-300.00K USD 1 Quarter
Total Other Comprehensive Income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $10.20M USD 1 Quarter
Total Other Comprehensive Income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $4.00M USD 1 Quarter
Comprehensive Income ComprehensiveIncomeNetOfTax $113.80M USD 1 Quarter
Comprehensive Income ComprehensiveIncomeNetOfTax $193.80M USD 1 Quarter

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

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