10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001193125-14-323665 |
| Period End Date | 20140731 |
| Filing Date | 20140827 |
| Fiscal Year | 2015 |
| Fiscal Period | Q1 |
| XBRL Instance | sjm-20140731.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
78 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$256.40M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$149.40M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$157.50M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$153.50M | USD | Point-in-time |
| Trade receivables, less allowance for doubtful accounts |
AccountsReceivableNetCurrent
|
$309.40M | USD | Point-in-time |
| Trade receivables, less allowance for doubtful accounts |
AccountsReceivableNetCurrent
|
$392.50M | USD | Point-in-time |
| Finished products |
InventoryFinishedGoodsAndWorkInProcess
|
$692.70M | USD | Point-in-time |
| Finished products |
InventoryFinishedGoodsAndWorkInProcess
|
$571.50M | USD | Point-in-time |
| Raw materials |
InventoryRawMaterials
|
$359.50M | USD | Point-in-time |
| Raw materials |
InventoryRawMaterials
|
$391.80M | USD | Point-in-time |
| Total Inventories |
InventoryNet
|
$1.08B | USD | Point-in-time |
| Total Inventories |
InventoryNet
|
$931.00M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$101.80M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$145.20M | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$1.54B | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$1.73B | USD | Point-in-time |
| Land and land improvements |
LandAndLandImprovements
|
$99.70M | USD | Point-in-time |
| Land and land improvements |
LandAndLandImprovements
|
$100.50M | USD | Point-in-time |
| Buildings and fixtures |
BuildingsAndImprovementsGross
|
$516.00M | USD | Point-in-time |
| Buildings and fixtures |
BuildingsAndImprovementsGross
|
$523.20M | USD | Point-in-time |
| Machinery and equipment |
MachineryAndEquipmentGross
|
$1.40B | USD | Point-in-time |
| Machinery and equipment |
MachineryAndEquipmentGross
|
$1.38B | USD | Point-in-time |
| Construction in progress |
ConstructionInProgressGross
|
$163.90M | USD | Point-in-time |
| Construction in progress |
ConstructionInProgressGross
|
$179.90M | USD | Point-in-time |
| Property, Plant, and Equipment, Gross |
PropertyPlantAndEquipmentGross
|
$2.21B | USD | Point-in-time |
| Property, Plant, and Equipment, Gross |
PropertyPlantAndEquipmentGross
|
$2.16B | USD | Point-in-time |
| Accumulated depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$932.30M | USD | Point-in-time |
| Accumulated depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$898.00M | USD | Point-in-time |
| Total Property, Plant, and Equipment |
PropertyPlantAndEquipmentNet
|
$1.27B | USD | Point-in-time |
| Total Property, Plant, and Equipment |
PropertyPlantAndEquipmentNet
|
$1.27B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$3.10B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$3.10B | USD | Point-in-time |
| Other intangible assets - net |
IntangibleAssetsNetExcludingGoodwill
|
$3.00B | USD | Point-in-time |
| Other intangible assets - net |
IntangibleAssetsNetExcludingGoodwill
|
$3.02B | USD | Point-in-time |
| Other noncurrent assets |
OtherAssetsMiscellaneousNoncurrent
|
$144.90M | USD | Point-in-time |
| Other noncurrent assets |
OtherAssetsMiscellaneousNoncurrent
|
$149.00M | USD | Point-in-time |
| Total Other Noncurrent Assets |
OtherAssetsNoncurrent
|
$6.25B | USD | Point-in-time |
| Total Other Noncurrent Assets |
OtherAssetsNoncurrent
|
$6.27B | USD | Point-in-time |
| Total Assets |
Assets
|
$9.07B | USD | Point-in-time |
| Total Assets |
Assets
|
$9.25B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$279.40M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$289.20M | USD | Point-in-time |
| Accrued trade marketing and merchandising |
AccruedMarketingCostsCurrent
|
$59.90M | USD | Point-in-time |
| Accrued trade marketing and merchandising |
AccruedMarketingCostsCurrent
|
$58.50M | USD | Point-in-time |
| Current portion of long-term debt |
LongTermDebtCurrent
|
- | USD | Point-in-time |
| Current portion of long-term debt |
LongTermDebtCurrent
|
$100.00M | USD | Point-in-time |
| Revolving credit facility |
LineOfCreditFacilityAmountOutstanding
|
$248.40M | USD | Point-in-time |
| Revolving credit facility |
LineOfCreditFacilityAmountOutstanding
|
$470.00M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$210.00M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$194.90M | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$1.02B | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$891.00M | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$1.88B | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$1.88B | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesNoncurrent
|
$1.02B | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesNoncurrent
|
$1.02B | USD | Point-in-time |
| Other noncurrent liabilities |
OtherLiabilitiesNoncurrent
|
$245.50M | USD | Point-in-time |
| Other noncurrent liabilities |
OtherLiabilitiesNoncurrent
|
$251.00M | USD | Point-in-time |
| Total Noncurrent Liabilities |
LiabilitiesNoncurrent
|
$3.15B | USD | Point-in-time |
| Total Noncurrent Liabilities |
LiabilitiesNoncurrent
|
$3.15B | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$4.17B | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$4.04B | USD | Point-in-time |
| Common shares |
CommonStockValueOutstanding
|
$25.50M | USD | Point-in-time |
| Common shares |
CommonStockValueOutstanding
|
$25.40M | USD | Point-in-time |
| Additional capital |
AdditionalPaidInCapitalCommonStock
|
$3.97B | USD | Point-in-time |
| Additional capital |
AdditionalPaidInCapitalCommonStock
|
$3.98B | USD | Point-in-time |
| Retained income |
RetainedEarningsAccumulatedDeficit
|
$1.09B | USD | Point-in-time |
| Retained income |
RetainedEarningsAccumulatedDeficit
|
$1.14B | USD | Point-in-time |
| Amount due from ESOP Trust |
AmountDueFromEsopTrust
|
$1.00M | USD | Point-in-time |
| Amount due from ESOP Trust |
AmountDueFromEsopTrust
|
$100.00K | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-51.60M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-79.30M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-56.90M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-76.60M | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquity
|
$5.03B | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquity
|
$5.08B | USD | Point-in-time |
| Total Liabilities and Shareholders' Equity |
LiabilitiesAndStockholdersEquity
|
$9.07B | USD | Point-in-time |
| Total Liabilities and Shareholders' Equity |
LiabilitiesAndStockholdersEquity
|
$9.25B | USD | Point-in-time |
Income Statement
32 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
SalesRevenueGoodsNet
|
$1.35B | USD | 1 Quarter |
| Net sales |
SalesRevenueGoodsNet
|
$1.32B | USD | 1 Quarter |
| Cost of products sold |
CostOfGoodsSold
|
$845.10M | USD | 1 Quarter |
| Cost of products sold |
CostOfGoodsSold
|
$858.00M | USD | 1 Quarter |
| Gross Profit |
GrossProfit
|
$478.70M | USD | 1 Quarter |
| Gross Profit |
GrossProfit
|
$492.90M | USD | 1 Quarter |
| Selling, distribution, and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$253.40M | USD | 1 Quarter |
| Selling, distribution, and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$250.20M | USD | 1 Quarter |
| Amortization |
AmortizationOfIntangibleAssets
|
$24.50M | USD | 1 Quarter |
| Amortization |
AmortizationOfIntangibleAssets
|
$24.90M | USD | 1 Quarter |
| Other special project costs |
OtherSpecialProjectCosts
|
$5.80M | USD | 1 Quarter |
| Other special project costs |
OtherSpecialProjectCosts
|
$8.60M | USD | 1 Quarter |
| Other operating expense (income) - net |
OtherOperatingIncomeExpenseNet
|
$-200.00K | USD | 1 Quarter |
| Other operating expense (income) - net |
OtherOperatingIncomeExpenseNet
|
$900.00K | USD | 1 Quarter |
| Operating Income |
OperatingIncomeLoss
|
$213.30M | USD | 1 Quarter |
| Operating Income |
OperatingIncomeLoss
|
$191.60M | USD | 1 Quarter |
| Interest expense - net |
InterestIncomeExpenseNet
|
$-23.80M | USD | 1 Quarter |
| Interest expense - net |
InterestIncomeExpenseNet
|
$-17.40M | USD | 1 Quarter |
| Other income - net |
OtherNonoperatingIncomeExpense
|
$1.30M | USD | 1 Quarter |
| Other income - net |
OtherNonoperatingIncomeExpense
|
- | USD | 1 Quarter |
| Income Before Income Taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$189.50M | USD | 1 Quarter |
| Income Before Income Taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$175.50M | USD | 1 Quarter |
| Income taxes |
IncomeTaxExpenseBenefit
|
$59.50M | USD | 1 Quarter |
| Income taxes |
IncomeTaxExpenseBenefit
|
$62.90M | USD | 1 Quarter |
| Net Income |
NetIncomeLoss
|
$116.00M | USD | 1 Quarter |
| Net Income |
NetIncomeLoss
|
$126.60M | USD | 1 Quarter |
| Net Income |
EarningsPerShareBasic
|
$1.14 | USD | 1 Quarter |
| Net Income |
EarningsPerShareBasic
|
$1.19 | USD | 1 Quarter |
| Net Income - Assuming Dilution |
EarningsPerShareDiluted
|
$1.14 | USD | 1 Quarter |
| Net Income - Assuming Dilution |
EarningsPerShareDiluted
|
$1.19 | USD | 1 Quarter |
| Dividends Declared per Common Share |
CommonStockDividendsPerShareDeclared
|
$0.58 | USD | 1 Quarter |
| Dividends Declared per Common Share |
CommonStockDividendsPerShareDeclared
|
$0.64 | USD | 1 Quarter |
Cash Flow Statement
62 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$116.00M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$126.60M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$37.60M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$38.30M | USD | 1 Quarter |
| Amortization |
AmortizationOfIntangibleAssets
|
$24.50M | USD | 1 Quarter |
| Amortization |
AmortizationOfIntangibleAssets
|
$24.90M | USD | 1 Quarter |
| Share-based compensation expense |
ShareBasedCompensation
|
$5.60M | USD | 1 Quarter |
| Share-based compensation expense |
ShareBasedCompensation
|
$6.90M | USD | 1 Quarter |
| Loss on sale of assets - net |
GainLossOnSaleOfPropertyPlantEquipment
|
$-500.00K | USD | 1 Quarter |
| Loss on sale of assets - net |
GainLossOnSaleOfPropertyPlantEquipment
|
$-200.00K | USD | 1 Quarter |
| Defined benefit pension contributions |
PensionContributions
|
$1.30M | USD | 1 Quarter |
| Defined benefit pension contributions |
PensionContributions
|
$1.10M | USD | 1 Quarter |
| Trade receivables |
IncreaseDecreaseInAccountsReceivable
|
$83.00M | USD | 1 Quarter |
| Trade receivables |
IncreaseDecreaseInAccountsReceivable
|
$44.30M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$153.30M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$115.10M | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInOtherOperatingAssets
|
$27.10M | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInOtherOperatingAssets
|
$14.00M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-9.80M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-20.60M | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$-14.30M | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$22.80M | USD | 1 Quarter |
| Income and other taxes |
IncreaseDecreaseInIncomeTaxesExcludingDeferredIncomeTaxes
|
$45.60M | USD | 1 Quarter |
| Income and other taxes |
IncreaseDecreaseInIncomeTaxesExcludingDeferredIncomeTaxes
|
$38.70M | USD | 1 Quarter |
| Other - net |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$6.80M | USD | 1 Quarter |
| Other - net |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$5.70M | USD | 1 Quarter |
| Net Cash (Used for) Provided by Operating Activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$82.10M | USD | 1 Quarter |
| Net Cash (Used for) Provided by Operating Activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$-8.10M | USD | 1 Quarter |
| Additions to property, plant, and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$49.00M | USD | 1 Quarter |
| Additions to property, plant, and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$36.30M | USD | 1 Quarter |
| Proceeds from disposal of property, plant, and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$1.20M | USD | 1 Quarter |
| Proceeds from disposal of property, plant, and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$1.10M | USD | 1 Quarter |
| Other - net |
PaymentsForProceedsFromOtherInvestingActivities
|
$4.30M | USD | 1 Quarter |
| Other - net |
PaymentsForProceedsFromOtherInvestingActivities
|
$7.10M | USD | 1 Quarter |
| Net Cash Used for Investing Activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-52.10M | USD | 1 Quarter |
| Net Cash Used for Investing Activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-42.30M | USD | 1 Quarter |
| Revolving credit facility - net |
ProceedsFromRepaymentsOfLinesOfCredit
|
$221.60M | USD | 1 Quarter |
| Revolving credit facility - net |
ProceedsFromRepaymentsOfLinesOfCredit
|
$85.00M | USD | 1 Quarter |
| Repayments of long-term debt |
RepaymentsOfLongTermDebt
|
- | USD | 1 Quarter |
| Repayments of long-term debt |
RepaymentsOfLongTermDebt
|
$100.00M | USD | 1 Quarter |
| Quarterly dividends paid |
PaymentsOfDividendsCommonStock
|
$58.90M | USD | 1 Quarter |
| Quarterly dividends paid |
PaymentsOfDividendsCommonStock
|
$55.40M | USD | 1 Quarter |
| Purchase of treasury shares |
PaymentsForRepurchaseOfCommonStock
|
$10.60M | USD | 1 Quarter |
| Purchase of treasury shares |
PaymentsForRepurchaseOfCommonStock
|
$165.40M | USD | 1 Quarter |
| Proceeds from stock option exercises |
ProceedsFromStockOptionsExercised
|
$100.00K | USD | 1 Quarter |
| Proceeds from stock option exercises |
ProceedsFromStockOptionsExercised
|
$400.00K | USD | 1 Quarter |
| Other - net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$100.00K | USD | 1 Quarter |
| Other - net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$7.40M | USD | 1 Quarter |
| Net Cash Provided by (Used for) Financing Activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$59.90M | USD | 1 Quarter |
| Net Cash Provided by (Used for) Financing Activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-135.60M | USD | 1 Quarter |
| Effect of exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-3.80M | USD | 1 Quarter |
| Effect of exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-3.10M | USD | 1 Quarter |
| Net decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-98.90M | USD | 1 Quarter |
| Net decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-4.10M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$256.40M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$149.40M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$157.50M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$153.50M | USD | Point-in-time |
| Cash and Cash Equivalents at End of Period |
CashAndCashEquivalentsAtCarryingValue
|
$256.40M | USD | Point-in-time |
| Cash and Cash Equivalents at End of Period |
CashAndCashEquivalentsAtCarryingValue
|
$149.40M | USD | Point-in-time |
| Cash and Cash Equivalents at End of Period |
CashAndCashEquivalentsAtCarryingValue
|
$157.50M | USD | Point-in-time |
| Cash and Cash Equivalents at End of Period |
CashAndCashEquivalentsAtCarryingValue
|
$153.50M | USD | Point-in-time |
Comprehensive Income
14 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$116.00M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$126.60M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
|
$-2.80M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
|
$-6.00M | USD | 1 Quarter |
| Cash flow hedging derivative activity, net of tax |
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
|
$1.90M | USD | 1 Quarter |
| Cash flow hedging derivative activity, net of tax |
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
|
$-4.30M | USD | 1 Quarter |
| Pension and other postretirement benefit plans activity, net of tax |
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
|
$-1.90M | USD | 1 Quarter |
| Pension and other postretirement benefit plans activity, net of tax |
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
|
$-1.40M | USD | 1 Quarter |
| Available-for-sale securities activity, net of tax |
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
$-500.00K | USD | 1 Quarter |
| Available-for-sale securities activity, net of tax |
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
$400.00K | USD | 1 Quarter |
| Total Other Comprehensive Loss |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$-2.70M | USD | 1 Quarter |
| Total Other Comprehensive Loss |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$-5.30M | USD | 1 Quarter |
| Comprehensive Income |
ComprehensiveIncomeNetOfTax
|
$110.70M | USD | 1 Quarter |
| Comprehensive Income |
ComprehensiveIncomeNetOfTax
|
$123.90M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.