J.M. Smucker (SJM) Financials

$12.5 B

Mkt cap, 25-May-2018

$1.9 B

Revenue Q2, 2018
Gross profit (Q2, 2018)1.9 B
Gross profit margin (Q2, 2018), %100%
Net income (Q2, 2018)194.6 M
EBIT (Q2, 2018)330.7 M

Revenue/Financials

Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

5.6 b5.7 b7.8 b7.4 b

Revenue growth, %

1%37%(5%)

Cost of goods sold

3.6 b3.7 b4.8 b4.6 b

Gross profit

2 b2 b3 b2.8 b

Gross profit Margin, %

36%35%38%38%

EBIT

919 m772 m1.1 b1 b

EBIT margin, %

16%14%15%14%

Pre tax profit

849.7 m523 m977.9 m878.4 m

Income tax expense

284.5 m178.1 m289.2 m286.1 m

Net Income

565.2 m344.9 m688.7 m592.3 m

Quarterly

USDQ2, 2018

Revenue

1.9 b

Gross profit

1.9 b

Gross profit Margin, %

100%

EBIT

330.7 m

EBIT margin, %

17%

Pre tax profit

291.8 m

Income tax expense

97.2 m

Net Income

194.6 m

Balance Sheet

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

153.5 m125.6 m109.8 m166.8 m

Current Assets

1.5 b2.1 b1.6 b1.6 b

Goodwill

3.1 b6 b6.1 b6.1 b

Total Assets

9.1 b16.9 b16 b15.6 b

Accounts Payable

289.2 m402.8 m459.4 m477.2 m

Dividends Payable

59 m76.5 m77.9 m85.1 m

Short-term debt

100 m226 m284 m953 m

Current Liabilities

891 m1 b1.2 b1.8 b

Long-term debt

1.9 b5.9 b5.1 b

Non-Current Liabilities

3.2 b8.8 b7.8 b7 b

Total Debt

2 b6.2 b5.4 b953 m

Total Liabilities

4 b9.8 b9 b8.8 b

Total Equity

5 b7.1 b7 b6.9 b

Debt to Equity Ratio

0.4 x0.9 x0.8 x0.1 x

Debt to Assets Ratio

0.2 x0.4 x0.3 x0.1 x

Financial Leverage

1.8 x2.4 x2.3 x2.3 x

Quarterly

USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

150.5 m168.6 m149.4 m105.3 m111.7 m133.6 m139 m140.5 m109.6 m121.8 m139.6 m183.2 m

Inventories

1 b864.8 m1.1 b1.1 b944.2 m1.2 b1.1 b(103.6 m)

Current Assets

1.8 b1.5 b1.7 b1.7 b1.5 b2 b2 b1.8 b1.7 b1.8 b1.7 b1.7 b

Goodwill

3.1 b3.1 b3.1 b3.1 b3.1 b6 b6 b5.9 b6.1 b6.1 b6.1 b6.1 b

Total Assets

9.2 b9 b9.3 b9.3 b9.1 b16.8 b16.7 b16.3 b16.1 b16.1 b15.8 b15.6 b15.7 b

Accounts Payable

261.6 m220.2 m279.4 m251.3 m232.3 m347.1 m341.4 m371 m452 m435.8 m428.5 m477.6 m

Short-term debt

150 m150 m288 m302.6 m370 m138 m306 m406 m142 m499.3 m

Current Liabilities

896 m608.3 m1 b1 b710.1 m1.1 b1.1 b1 b1.3 b1.3 b997.2 m1.8 b

Long-term debt

1.9 b1.9 b1.9 b1.9 b1.9 b5.7 b5.5 b5.1 b5 b4.9 b4.9 b

Non-Current Liabilities

3.2 b3.2 b3.1 b3.2 b3.2 b8.6 b8.3 b8 b7.7 b7.6 b7.6 b7 b

Total Debt

2 b2 b1.9 b1.9 b2.2 b6 b5.9 b5.3 b5.4 b5.4 b5.1 b499.3 m499.6 m

Total Liabilities

4.1 b3.8 b4.2 b4.2 b3.9 b9.6 b9.5 b9 b9 b8.9 b8.6 b8.7 b7.5 b

Total Equity

5.2 b5.2 b5.1 b5.2 b5.2 b7.1 b7.2 b7.3 b7.1 b7.2 b7.2 b6.9 b

Debt to Assets Ratio

0 x

Financial Leverage

1.8 x1.7 x1.8 x1.8 x1.7 x2.4 x2.3 x2.2 x2.3 x2.2 x2.2 x2.3 x

Cash Flow

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

565.2 m344.9 m688.7 m592.3 m

Cash From Operating Activities

856 m733.2 m1.5 b

Cash From Investing Activities

(370.3 m)(1.6 b)21.7 m

Cash From Financing Activities

(575.5 m)863.2 m(1.5 b)

Free Cash Flow

1.1 b980.9 m1.7 b

Quarterly

USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Accounts Payable

279.4 m251.3 m232.3 m347.1 m341.4 m371 m452 m435.8 m428.5 m
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