| Address:
|
200 COMMERCE STREET
EXECUTIVE OFFICE BUILDING |
| City: |
SMITHFIELD |
|
State: |
VA |
|
Zip Code: |
23430 |
| Telephone: |
757-365-3000 |
|
Description of Business
|
Primary SIC Code:
2011 |
| (As filed with the SEC)
|
|
|
Smithfield Foods, Inc., together with its subsidiaries (the "Company," "we,"
"us" or "our") began as a pork processing operation called The Smithfield
Packing Company, founded in 1936 by Joseph W. Luter and his son, Joseph W.
Luter, Jr. Through a series of acquisitions starting in 1981, we have become the
largest pork processor and hog producer in the world.
We produce and market a wide variety of fresh meat and packaged meats products
both domestically and internationally. We operate in a cyclical industry and our
results are affected by fluctuations in commodity prices. Additionally, some of
the key factors influencing our business are customer preferences and demand for
our products; our ability to maintain and grow relationships with customers; the
introduction of new and innovative products to the marketplace; accessibility to
international markets for our products including the effects of any trade
barriers; and operating efficiencies of our facilities. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 10/2011 | 3.03 | NA | 7.54 | | 07/2011 | 3.15 | NA | 6.99 | | 04/2011 | 3.12 | NA | 7.55 | | 01/2011 | 2.51 | NA | 7.93 | | 10/2010 | 1.57 | NA | 10.67 | | 07/2010 | 0.56 | NA | 25.45 | | 04/2010 | -0.65 | NA | N/E | | 01/2010 | -1.14 | NA | N/E |
Key Financial Ratios and Statistics |
FYE:
05/01 |
| Profitability |
2011 |
Leverage |
2011 |
| Net Inc/Comm Equity | 0.30 | Total Liab/Total Assets | 0.53 | | Net Inc/Total Assets | 0.07 | Total Liab/Inv Cap | 0.65 | | Net Inc/Inv Cap | 0.08 | Total Liab/Comm Equity | 2.36 | | Pretax Inc/Net Sales | 0.06 | Interest Coverage Ratio | 4.09 | | Net Inc/Net Sales | 0.04 | Curr Debt/Equity | 0.04 | | Cash Flow/Net Sales | 0.05 | LTD/Equity | 0.56 | | SG&A/NetSales | 0.05 | Total Debt/Equity | 0.60 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 18.33 | Quick Ratio | 1.07 | | Inventory Turnover | 5.41 | Current Ratio | 2.72 | | Inventory Day Sales | 0.01 | Net Rec/Curr Assets | 0.21 | | Net Sales/Work Cap | 5.78 | Inv/Curr Assets | 0.61 | | Net Sales/PP&E | 5.28 | | |
Income Statement (Millions) |
| |
10/30/2011
|
7/31/2011
|
5/1/2011
|
1/30/2011
|
|
Total Revenues(Net Sales)
|
3,312.60
|
3,094.20
|
3,116.40
|
3,186.20
|
|
Cost of Goods Sold
|
2,893.00
|
2,687.10
|
2,659.90
|
2,729.00
|
|
Selling & Admin Exps
|
200.80
|
238.70
|
195.70
|
99.70
|
|
Operating Income
|
224.70
|
173.20
|
266.60
|
372.70
|
|
Interest Exp
|
44.20
|
48.10
|
51.00
|
60.30
|
|
Pretax Income
|
174.10
|
123.90
|
144.50
|
298.30
|
|
Other Income
|
-6.40
|
-1.20
|
-71.10
|
-14.10
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
120.70
|
82.10
|
98.40
|
202.60
|
|
Assets
|
10/30/2011
|
7/31/2011
|
5/1/2011
|
1/30/2011
|
|
Cash & Short Term Investments
|
136.40
|
149.90
|
374.70
|
577.90
|
|
Receivables - Total
|
724.80
|
694.80
|
709.60
|
669.90
|
|
Inventories - Total
|
2,262.70
|
2,048.30
|
2,019.90
|
1,970.10
|
|
Total Current Assets
|
3,257.90
|
3,081.90
|
3,337.90
|
3,504.60
|
|
Net Property, Plant & Equipment
|
2,270.70
|
2,282.00
|
2,309.10
|
2,231.90
|
|
Total Assets
|
7,398.40
|
7,306.90
|
7,611.80
|
7,700.10
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
1,092.70
|
1,002.20
|
1,084.20
|
1,064.70
|
|
Debt in Current Liabilities
|
73.70
|
50.50
|
143.70
|
563.30
|
|
Total Current Liabilities
|
1,166.40
|
1,052.70
|
1,227.90
|
1,628.00
|
|
Long-Term Debt
|
2,089.30
|
2,012.30
|
1,978.60
|
1,940.50
|
|
Total Liabilities
|
3,921.90
|
3,782.10
|
4,064.30
|
4,448.90
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
0.70
|
0.90
|
1.10
|
2.00
|
|
Preferred Stock
|
0.00
|
0.00
|
0.00
|
0.00
|
|
Common Stock
|
80.50
|
82.50
|
83.00
|
83.00
|
|
Retained Earnings
|
2,209.00
|
2,123.60
|
2,059.70
|
1,961.30
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
3,474.50
|
3,522.80
|
3,545.50
|
3,249.20
|
|
Total Liabilities and Stockholders' Equity
|
7,396.40
|
7,304.90
|
7,609.80
|
7,698.10
|
Cash Flow Summary (Millions) |
|
Categories
|
10/30/2011
|
7/31/2011
|
5/1/2011
|
1/30/2011
|
|
Net Cash Provided by Operating Activities
|
-2.10
|
-64.20
|
225.80
|
152.80
|
|
Net Cash Provided by Investing Activities
|
-65.70
|
-59.00
|
-26.30
|
318.10
|
|
Net Cash Provided by Financing Activities
|
54.50
|
-100.20
|
-403.90
|
-318.90
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 05/2007 | 11,911.10 | 166.80 | 1.68 | | 05/2008 | 11,351.20 | 128.90 | 1.04 | | 05/2009 | 12,487.70 | -198.40 | -1.72 | | 05/2010 | 11,202.60 | -101.40 | -0.65 | | 05/2011 | 12,202.70 | 521.00 | 3.12 | | Growth Rates | 0.61 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 292 | 125,765 | 78.14 |
|
Report Date :
2/6/2012
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