10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001562762-23-000360 |
| Period End Date | 20230831 |
| Filing Date | 20231003 |
| Fiscal Year | 2024 |
| Fiscal Period | Q1 |
| XBRL Instance | calm2024q1_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
60 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$292.82M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$360.34M | USD | Point-in-time |
| Investment securities available-for-sale |
AvailableForSaleSecuritiesDebtSecurities
|
$249.62M | USD | Point-in-time |
| Investment securities available-for-sale |
AvailableForSaleSecuritiesDebtSecurities
|
$355.09M | USD | Point-in-time |
| Trade and other receivables, net |
AccountsReceivableNetCurrent
|
$125.36M | USD | Point-in-time |
| Trade and other receivables, net |
AccountsReceivableNetCurrent
|
$120.25M | USD | Point-in-time |
| Income tax receivable |
IncomeTaxesReceivable
|
$66.97M | USD | Point-in-time |
| Income tax receivable |
IncomeTaxesReceivable
|
$33.79M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$284.42M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$280.80M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$14.14M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$5.38M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$1.12B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$1.06B | USD | Point-in-time |
| Property, plant & equipment, net |
PropertyPlantAndEquipmentNet
|
$752.58M | USD | Point-in-time |
| Property, plant & equipment, net |
PropertyPlantAndEquipmentNet
|
$744.54M | USD | Point-in-time |
| Investments in unconsolidated entities |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$14.45M | USD | Point-in-time |
| Investments in unconsolidated entities |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$13.98M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$44.01M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$44.01M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$15.90M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$15.35M | USD | Point-in-time |
| Other long-term assets |
OtherAssetsNoncurrent
|
$10.40M | USD | Point-in-time |
| Other long-term assets |
OtherAssetsNoncurrent
|
$10.71M | USD | Point-in-time |
| Total Assets |
Assets
|
$1.90B | USD | Point-in-time |
| Total Assets |
Assets
|
$1.95B | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$117.80M | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$137.31M | USD | Point-in-time |
| Accrued income taxes payable |
AccruedIncomeTaxesCurrent
|
$8.29M | USD | Point-in-time |
| Accrued income taxes payable |
AccruedIncomeTaxesCurrent
|
$8.29M | USD | Point-in-time |
| Dividends payable |
DividendsPayableCurrent
|
$37.13M | USD | Point-in-time |
| Dividends payable |
DividendsPayableCurrent
|
$294.00K | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$182.73M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$126.38M | USD | Point-in-time |
| Other noncurrent liabilities |
OtherLiabilitiesNoncurrent
|
$9.93M | USD | Point-in-time |
| Other noncurrent liabilities |
OtherLiabilitiesNoncurrent
|
$10.00M | USD | Point-in-time |
| Deferred income taxes, net |
DeferredIncomeTaxLiabilitiesNet
|
$152.72M | USD | Point-in-time |
| Deferred income taxes, net |
DeferredIncomeTaxLiabilitiesNet
|
$152.21M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$289.04M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$344.94M | USD | Point-in-time |
| Commitments and contingencies - see Note 9 |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies - see Note 9 |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$73.15M | USD | Point-in-time |
| Paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$72.11M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$1.57B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$1.57B | USD | Point-in-time |
| Accumulated other comprehensive loss, net of tax |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-2.89M | USD | Point-in-time |
| Accumulated other comprehensive loss, net of tax |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-2.29M | USD | Point-in-time |
| Common stock in treasury at cost - 26,078 shares at September 2, 2023 and 26,077 shares at June 3, 2023 |
TreasuryStockValue
|
$30.01M | USD | Point-in-time |
| Common stock in treasury at cost - 26,078 shares at September 2, 2023 and 26,077 shares at June 3, 2023 |
TreasuryStockValue
|
$30.01M | USD | Point-in-time |
| Total Cal-Maine Foods, Inc. stockholders' equity |
StockholdersEquity
|
$1.61B | USD | Point-in-time |
| Total Cal-Maine Foods, Inc. stockholders' equity |
StockholdersEquity
|
$1.61B | USD | Point-in-time |
| Noncontrolling interest in consolidated entity |
MinorityInterest
|
$-1.50M | USD | Point-in-time |
| Noncontrolling interest in consolidated entity |
MinorityInterest
|
$-2.01M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.10B | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.61B | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.61B | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.19B | USD | Point-in-time |
| Total Liabilities and Stockholders' Equity |
LiabilitiesAndStockholdersEquity
|
$1.95B | USD | Point-in-time |
| Total Liabilities and Stockholders' Equity |
LiabilitiesAndStockholdersEquity
|
$1.90B | USD | Point-in-time |
Income Statement
40 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$459.34M | USD | 1 Quarter |
| Net sales |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$658.34M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$413.91M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$440.85M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$45.43M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$217.49M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$52.25M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$53.61M | USD | 1 Quarter |
| (Gain) loss on disposal of fixed assets |
GainLossOnSaleOfPropertyPlantEquipment
|
$56.00K | USD | 1 Quarter |
| (Gain) loss on disposal of fixed assets |
GainLossOnSaleOfPropertyPlantEquipment
|
$-33.00K | USD | 1 Quarter |
| Operating income (loss) |
OperatingIncomeLoss
|
$-6.76M | USD | 1 Quarter |
| Operating income (loss) |
OperatingIncomeLoss
|
$163.85M | USD | 1 Quarter |
| Interest income, net |
InterestIncomeExpenseNet
|
$903.00K | USD | 1 Quarter |
| Interest income, net |
InterestIncomeExpenseNet
|
$7.35M | USD | 1 Quarter |
| Royalty income |
RoyaltyIncomeNonoperating
|
$428.00K | USD | 1 Quarter |
| Royalty income |
RoyaltyIncomeNonoperating
|
$349.00K | USD | 1 Quarter |
| Equity income (loss) of unconsolidated entities |
IncomeLossFromEquityMethodInvestments
|
$144.00K | USD | 1 Quarter |
| Equity income (loss) of unconsolidated entities |
IncomeLossFromEquityMethodInvestments
|
$-470.00K | USD | 1 Quarter |
| Other, net |
OtherNonoperatingIncomeExpense
|
$155.00K | USD | 1 Quarter |
| Other, net |
OtherNonoperatingIncomeExpense
|
$265.00K | USD | 1 Quarter |
| Total other income, net |
NonoperatingIncomeExpense
|
$1.63M | USD | 1 Quarter |
| Total other income, net |
NonoperatingIncomeExpense
|
$7.49M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$165.48M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$733.00K | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$40.35M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$322.00K | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$411.00K | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$125.13M | USD | 1 Quarter |
| Less: Loss attributable to noncontrolling interest |
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
|
$-515.00K | USD | 1 Quarter |
| Less: Loss attributable to noncontrolling interest |
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
|
$-153.00K | USD | 1 Quarter |
| Net income attributable to Cal-Maine Foods, Inc. |
NetIncomeLoss
|
$926.00K | USD | 1 Quarter |
| Net income attributable to Cal-Maine Foods, Inc. |
NetIncomeLoss
|
$125.29M | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$2.58 | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$0.02 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$0.02 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$2.57 | USD | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
48.62M | shares | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
48.69M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
48.84M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
48.81M | shares | 1 Quarter |
Cash Flow Statement
38 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$411.00K | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$125.13M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$19.34M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$17.31M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$-1.32M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$322.00K | USD | 1 Quarter |
| Other adjustments, net |
OtherOperatingActivitiesCashFlowStatement
|
$3.61M | USD | 1 Quarter |
| Other adjustments, net |
OtherOperatingActivitiesCashFlowStatement
|
$31.69M | USD | 1 Quarter |
| Net cash provided by operations |
NetCashProvidedByUsedInOperatingActivities
|
$23.68M | USD | 1 Quarter |
| Net cash provided by operations |
NetCashProvidedByUsedInOperatingActivities
|
$172.81M | USD | 1 Quarter |
| Purchases of investment securities |
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
$28.30M | USD | 1 Quarter |
| Purchases of investment securities |
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
$51.83M | USD | 1 Quarter |
| Sales and maturities of investment securities |
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
$135.77M | USD | 1 Quarter |
| Sales and maturities of investment securities |
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
$20.30M | USD | 1 Quarter |
| Purchases of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$26.67M | USD | 1 Quarter |
| Purchases of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$27.66M | USD | 1 Quarter |
| Net proceeds from disposal of property, plant and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$74.00K | USD | 1 Quarter |
| Net proceeds from disposal of property, plant and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$78.00K | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-59.12M | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$80.88M | USD | 1 Quarter |
| Payments of dividends |
PaymentsOfDividends
|
$36.65M | USD | 1 Quarter |
| Payments of dividends |
PaymentsOfDividends
|
$36.98M | USD | 1 Quarter |
| Purchase of common stock by treasury |
ProceedsFromPurchaseofSaleOfTreasuryStockNetofStockIssuedDuringPeriodRestrictedStockAward
|
$-5.00K | USD | 1 Quarter |
| Purchase of common stock by treasury |
ProceedsFromPurchaseofSaleOfTreasuryStockNetofStockIssuedDuringPeriodRestrictedStockAward
|
$-45.00K | USD | 1 Quarter |
| Principal payments on finance lease |
FinanceLeasePrincipalPayments
|
$55.00K | USD | 1 Quarter |
| Principal payments on finance lease |
FinanceLeasePrincipalPayments
|
$58.00K | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-37.05M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-36.75M | USD | 1 Quarter |
| Net change in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$67.52M | USD | 1 Quarter |
| Net change in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$76.94M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$59.08M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$292.82M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$136.02M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$360.34M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$59.08M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$292.82M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$136.02M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$360.34M | USD | Point-in-time |
Comprehensive Income
14 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$411.00K | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$125.13M | USD | 1 Quarter |
| Unrealized holding gain (loss) on available-for-sale securities, net of reclassification adjustments |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
|
$-997.00K | USD | 1 Quarter |
| Unrealized holding gain (loss) on available-for-sale securities, net of reclassification adjustments |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
|
$786.00K | USD | 1 Quarter |
| Income tax benefit (expense) related to items of other comprehensive income |
OtherComprehensiveIncomeLossTax
|
$-243.00K | USD | 1 Quarter |
| Income tax benefit (expense) related to items of other comprehensive income |
OtherComprehensiveIncomeLossTax
|
$191.00K | USD | 1 Quarter |
| Other comprehensive Income (loss), net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$-754.00K | USD | 1 Quarter |
| Other comprehensive Income (loss), net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$595.00K | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$1.01M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$124.38M | USD | 1 Quarter |
| Less: Comprehensive loss attributable to the noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$-153.00K | USD | 1 Quarter |
| Less: Comprehensive loss attributable to the noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$-515.00K | USD | 1 Quarter |
| Comprehensive income attributable to Cal-Maine Foods, Inc. |
ComprehensiveIncomeNetOfTax
|
$124.53M | USD | 1 Quarter |
| Comprehensive income attributable to Cal-Maine Foods, Inc. |
ComprehensiveIncomeNetOfTax
|
$1.52M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.