10-Q Filing

CAL-MAINE FOODS INC CIK: 16160 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001562762-21-000353`
Period End Date	20210831
Filing Date	20210928
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	calm-20210227_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 36 Cash Flow Statement 44 Comprehensive Income 10

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$57.35M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.68M	USD	Point-in-time
Common stock in treasury (in shares)	`TreasuryStockShares`	26,202.00	shares	Point-in-time
Investment securities available-for-sale	`AvailableForSaleSecuritiesDebtSecurities`	$112.16M	USD	Point-in-time
Common stock in treasury (in shares)	`TreasuryStockShares`	26,203.00	shares	Point-in-time
Investment securities available-for-sale	`AvailableForSaleSecuritiesDebtSecurities`	$73.67M	USD	Point-in-time
Trade and other receivables, net	`ReceivablesNetCurrent`	$134.40M	USD	Point-in-time
Trade and other receivables, net	`ReceivablesNetCurrent`	$126.64M	USD	Point-in-time
Inventories	`InventoryNet`	$218.38M	USD	Point-in-time
Inventories	`InventoryNet`	$226.47M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.41M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$9.25M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$460.47M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$519.93M	USD	Point-in-time
Property, plant & equipment, net	`PropertyPlantAndEquipmentNet`	$589.42M	USD	Point-in-time
Property, plant & equipment, net	`PropertyPlantAndEquipmentNet`	$667.96M	USD	Point-in-time
Finance lease right-of-use asset, net	`FinanceLeaseRightOfUseAsset`	$486.00K	USD	Point-in-time
Finance lease right-of-use asset, net	`FinanceLeaseRightOfUseAsset`	$525.00K	USD	Point-in-time
Operating lease right-of-use asset, net	`OperatingLeaseRightOfUseAsset`	$1.53M	USD	Point-in-time
Operating lease right-of-use asset, net	`OperatingLeaseRightOfUseAsset`	$1.72M	USD	Point-in-time
Investments in unconsolidated entities	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$10.72M	USD	Point-in-time
Investments in unconsolidated entities	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$54.94M	USD	Point-in-time
Goodwill	`Goodwill`	$44.01M	USD	Point-in-time
Goodwill	`Goodwill`	$35.52M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$19.80M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$20.34M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$6.75M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$6.77M	USD	Point-in-time
Total assets	`Assets`	$1.21B	USD	Point-in-time
Total assets	`Assets`	$1.23B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$96.71M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$89.19M	USD	Point-in-time
Current portion of finance lease obligation	`FinanceLeaseLiabilityCurrent`	$215.00K	USD	Point-in-time
Current portion of finance lease obligation	`FinanceLeaseLiabilityCurrent`	$217.00K	USD	Point-in-time
Current portion of operating lease obligation	`OperatingLeaseLiabilityCurrent`	$617.00K	USD	Point-in-time
Current portion of operating lease obligation	`OperatingLeaseLiabilityCurrent`	$691.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$97.54M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$90.10M	USD	Point-in-time
Long-term finance lease obligation	`FinanceLeaseLiabilityNoncurrent`	$438.00K	USD	Point-in-time
Long-term finance lease obligation	`FinanceLeaseLiabilityNoncurrent`	$383.00K	USD	Point-in-time
Long-term operating lease obligation	`OperatingLeaseLiabilityNoncurrent`	$916.00K	USD	Point-in-time
Long-term operating lease obligation	`OperatingLeaseLiabilityNoncurrent`	$1.03M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$10.32M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$10.42M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$114.41M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$107.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$216.39M	USD	Point-in-time
Total liabilities	`Liabilities`	$216.16M	USD	Point-in-time
Commitments and contingencies - see Note 13	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies - see Note 13	`CommitmentsAndContingencies`	-	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$64.04M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$65.04M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$957.95M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$975.98M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-558.00K	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-728.00K	USD	Point-in-time
Common stock in treasury at cost - 26,203 shares at August 28, 2021 and 26,202 shares at May 29, 2021	`TreasuryStockValue`	$27.45M	USD	Point-in-time
Common stock in treasury at cost - 26,203 shares at August 28, 2021 and 26,202 shares at May 29, 2021	`TreasuryStockValue`	$27.43M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.01B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$995.57M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$991.95M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.01B	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.23B	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.21B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$331.70M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$292.78M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$325.06M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$276.02M	USD	1 Quarter
Gross profit	`GrossProfit`	$16.77M	USD	1 Quarter
Gross profit	`GrossProfit`	$6.64M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$43.97M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$46.52M	USD	1 Quarter
(Gain) loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$213.00K	USD	1 Quarter
(Gain) loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-23.00K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-39.67M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-27.22M	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$232.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$925.00K	USD	1 Quarter
Royalty income	`RoyaltyIncomeNonoperating`	$273.00K	USD	1 Quarter
Royalty income	`RoyaltyIncomeNonoperating`	$305.00K	USD	1 Quarter
Equity income (loss) of unconsolidated entities	`IncomeLossFromEquityMethodInvestments`	$135.00K	USD	1 Quarter
Equity income (loss) of unconsolidated entities	`IncomeLossFromEquityMethodInvestments`	$-44.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$5.16M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$512.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$5.80M	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$1.70M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-25.52M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-33.86M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-6.13M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-15.84M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-18.03M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-19.40M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.40	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.37	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.37	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.40	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	48.86M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	48.50M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.86M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.50M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-18.03M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-19.40M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$14.74M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$17.39M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-6.13M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-15.84M	USD	1 Quarter
Other adjustments, net	`OtherOperatingActivitiesCashFlowStatement`	$-7.64M	USD	1 Quarter
Other adjustments, net	`OtherOperatingActivitiesCashFlowStatement`	$-4.02M	USD	1 Quarter
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-14.80M	USD	1 Quarter
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-24.11M	USD	1 Quarter
Purchases of investment securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$24.20M	USD	1 Quarter
Purchases of investment securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$1.39M	USD	1 Quarter
Sales and maturities of investment securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$39.39M	USD	1 Quarter
Sales and maturities of investment securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$28.23M	USD	1 Quarter
Distributions from unconsolidated entities	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$650.00K	USD	1 Quarter
Distributions from unconsolidated entities	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$400.00K	USD	1 Quarter
Acquisition of business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Acquisition of business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$44.82M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.23M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$25.34M	USD	1 Quarter
Net proceeds from disposal of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.17M	USD	1 Quarter
Net proceeds from disposal of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$181.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-16.48M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-20.47M	USD	1 Quarter
Purchase of common stock by treasury	`ProceedsFromPurchaseofSaleOfTreasuryStockNetofStockIssuedDuringPeriodRestrictedStockAward`	$-18.00K	USD	1 Quarter
Purchase of common stock by treasury	`ProceedsFromPurchaseofSaleOfTreasuryStockNetofStockIssuedDuringPeriodRestrictedStockAward`	-	USD	1 Quarter
Principal payments on finance lease	`FinanceLeasePrincipalPayments`	$50.00K	USD	1 Quarter
Principal payments on finance lease	`FinanceLeasePrincipalPayments`	$53.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-50.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-71.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-35.32M	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-40.67M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$57.35M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$78.13M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.68M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$42.81M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$57.35M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$78.13M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.68M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$42.81M	USD	Point-in-time
Cash paid for operating leases	`OperatingLeasePayments`	$217.00K	USD	1 Quarter
Cash paid for operating leases	`OperatingLeasePayments`	$237.00K	USD	1 Quarter
Interest paid	`InterestPaidNet`	$62.00K	USD	1 Quarter
Interest paid	`InterestPaidNet`	$65.00K	USD	1 Quarter

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-18.03M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-19.40M	USD	1 Quarter
Unrealized holding gain (loss) on available-for-sale securities, net of reclassification adjustments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax`	$468.00K	USD	1 Quarter
Unrealized holding gain (loss) on available-for-sale securities, net of reclassification adjustments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax`	$-224.00K	USD	1 Quarter
Income tax benefit (expense) related to items of other comprehensive income	`OtherComprehensiveIncomeLossTax`	$-54.00K	USD	1 Quarter
Income tax benefit (expense) related to items of other comprehensive income	`OtherComprehensiveIncomeLossTax`	$114.00K	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$354.00K	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-170.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-18.20M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-19.05M	USD	1 Quarter

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